8-K - BANF - Equibles

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 16, 2026

BancFirst Corporation

(Exact name of Registrant as Specified in Its Charter)

Oklahoma	0-14384	73-1221379
(State or Other Jurisdiction<br>of Incorporation)	(Commission File Number)	(IRS Employer<br>Identification No.)
100 N. Broadway Ave.
Oklahoma City, Oklahoma		73102-8405
(Address of Principal Executive Offices)		(Zip Code)
Registrant’s Telephone Number, Including Area Code: 405 270-1086
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading<br>Symbol(s)	Name of each exchange on which registered
Common Stock, $1.00 Par Value Per Share	BANF	Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

BancFirst Corporation Reports First Quarter Earnings

On April 16, 2026, BancFirst Corporation announced its results of operations for the quarter ended March 31, 2026. A copy of the related press release is being filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference in its entirety.

Item 9.01 Financial Statements and Exhibits.

(d)	Exhibits.
Exhibit No.	Description
99.1	Press Release, dated April 16, 2026, issued by BancFirst Corporation titled “BancFirst Corporation Reports First Quarter Earnings.”
104	Cover Page Interactive Data File (embedded within the inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			BANCFIRST CORPORATION
Date:	April 16, 2026	By:	/s/ Hannah Andrus
			Hannah Andrus<br>Executive Vice President<br>Chief Financial Officer

EX-99.1

Exhibit 99.1

	100 N. Broadway Ave
FOR IMMEDIATE RELEASE	Oklahoma City, OK 73102
Thursday, April 16, 2026	www.bancfirst.bank

BANCFIRST CORPORATION REPORTS FIRST QUARTER EARNINGS

BancFirst Corporation (NASDAQ GS:BANF) reported net income of $63.0 million, or $1.85 per diluted share, for the first quarter of 2026 compared to net income of $56.1 million, or $1.66 per diluted share, for the first quarter of 2025.

The Company’s net interest income for the three-months ended March 31, 2026 increased to $127.6 million compared to $115.9 million for the same period in 2025. Higher loan volume along with general growth in earning assets were the primary drivers of the change in net interest income. Net interest margin was 3.74% for the first quarter of 2026 compared to 3.70% for the first quarter of 2025. The Company recorded a provision for credit losses of $2.1 million and $1.6 million for the quarter-ended March 31, 2026 and 2025, respectively.

Noninterest income for the quarter totaled $51.4 million compared to $49.0 million in the same quarter last year. Trust revenue, services charges on deposits, treasury income, and securities transaction each increased when compared to first quarter of 2025 partially offset by a decrease in insurance commissions.

Noninterest expense grew to $96.8 million for the quarter-ended March 31, 2026 compared to $92.2 million in the same quarter in 2025. The increase in noninterest expense was primarily attributable to the growth in salaries and employee benefits of $4.3 million. The total salaries and benefits expenses recorded of $58.9 million for the period ended March 31, 2026 is after a favorable adjustment to the funded employee benefit trust of $1.8 million. Total noninterest expense for the first quarter of 2026 also reflects conversion expenses related to American Bank of Oklahoma. For the first quarter of 2025 the Company recorded a $4.4 million expense related to the disposition of certain equity investments no longer permissible under the Volcker rule, no such equivalent expense was recorded in 2026

At March 31, 2026, the Company’s total assets were $15.1 billion, an increase of $277.6 million from December 31, 2025. Loans grew $51.4 million from December 31, 2025, totaling $8.6 billion at March 31, 2026. Deposits totaled $12.9 billion, an increase of $230.7 million from year-end 2025. Sweep accounts totaled $5.1 billion at March 31, 2026, up $160.2 million from December 31, 2025. The Company’s total stockholders’ equity was $1.9 billion, an increase of $47.8 million from the end of 2025.

Nonaccrual loans represented 0.72% of total loans at both March 31, 2026 and year-end 2025; nonaccrual loans totaled $62.2 million at the end of the first quarter 2026. The allowance for credit losses to total loans was 1.23% at March 31, 2026 and 1.22% at December 31, 2025. Net charge-offs were $1.5 million for the quarter compared to $503,000 for the first quarter last year.

BancFirst Corporation CEO David Harlow commented, “Strong deposit growth in the quarter, margin expansion, and increases in non-interest income compared to prior year combined to result in a strong quarter for the Company. We also successfully completed the conversion of American Bank of Oklahoma into BancFirst during the quarter. The economy in our region of the country continues to perform well and charge-offs for the quarter were in line with historical levels. Loans were up modestly from year end while credit quality remained solid. With so many variables in play at the macro level of the economy, our longer-term outlook remains a mixed bag and thus we continue to maintain a healthy allowance for credit losses as a percentage of loans.”

BancFirst Corporation (the Company) is an Oklahoma based financial services holding company. The Company operates three subsidiary banks, BancFirst, an Oklahoma state-chartered bank with 109 banking locations serving 62 communities across Oklahoma, Pegasus Bank, a Texas state-chartered bank with three banking locations in the Dallas Metroplex area, and Worthington Bank, a Texas state-chartered bank

with threelocations in the Fort Worth Metroplex area, one location in Arlington Texas and one location in Denton Texas. More information can be found at www.bancfirst.bank.

The Company may make forward-looking statements within the meaning of Section 27A of the securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 with respect to earnings, credit quality, corporate objectives, interest rates and other financial and business matters. Forward-looking statements include estimates and give management’s current expectations or forecasts of future events. The Company cautions readers that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, including economic conditions, the performance of financial markets and interest rates; legislative and regulatory actions and reforms; competition; as well as other factors, all of which change over time. Actual results may differ materially from forward-looking statements.

For additional information call:

Hannah Andrus, Chief Financial Officer at (405) 218-4174 or

David Harlow, Chief Executive Officer at (405) 270-1082.

BancFirst Corporation
Summary Financial Information
(Dollars in thousands, except per share and share data - Unaudited)
	2026			2025			2025			2025			2025
	1st Qtr			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
Condensed Income Statements:
Net interest income	$	127,605		$	127,667		$	125,615		$	121,256		$	115,949
Provision for credit losses on loans		2,578			(1,975	)		4,222			1,239			1,461
(Benefit from)/provision for off-balance sheet credit exposures		(435	)		234			216			148			125
Noninterest income:
Trust revenue		6,057			5,933			5,850			5,795			5,539
Service charges on deposits		18,042			18,393			18,131			17,741			16,804
Securities transactions		904			964			492			(740	)		(333	)
Sales of loans		780			781			916			830			636
Insurance commissions		9,440			7,643			8,954			7,920			10,410
Cash management		10,566			10,120			10,338			10,573			10,051
Other		5,602			9,499			5,185			5,929			5,787
Total noninterest income		51,391			53,333			49,866			48,048			48,894
Noninterest expense:
Salaries and employee benefits		58,855			58,570			57,681			55,147			54,593
Occupancy expense, net		6,286			6,946			6,434			6,037			5,753
Depreciation		4,816			4,872			4,725			4,691			4,808
Amortization of intangible assets		975			836			862			862			886
Data processing services		3,448			3,041			2,901			2,985			2,892
Net expense from other real estate owned		3,605			12,044			2,778			2,941			2,658
Marketing and business promotion		2,641			3,121			2,126			2,325			2,461
Deposit insurance		1,847			1,692			1,736			1,675			1,725
Other		14,316			16,268			12,829			11,536			16,403
Total noninterest expense		96,789			107,390			92,072			88,199			92,179
Income before income taxes		80,064			75,351			78,971			79,718			71,078
Income tax expense		17,069			15,854			16,317			17,371			14,966
Net income	$	62,995		$	59,497		$	62,654		$	62,347		$	56,112
Per Common Share Data:
Net income-basic	$	1.88		$	1.78		$	1.88		$	1.87		$	1.69
Net income-diluted		1.85			1.75			1.85			1.85			1.66
Cash dividends declared		0.49			0.49			0.49			0.46			0.46
Common shares outstanding		33,575,976			33,539,032			33,329,247			33,272,131			33,241,564
Average common shares outstanding -
Basic		33,557,536			33,423,922			33,310,290			33,255,015			33,232,788
Diluted		34,027,895			33,906,434			33,864,129			33,795,243			33,768,873
Performance Ratios:
Return on average assets		1.71	%		1.60	%		1.76	%		1.79	%		1.66	%
Return on average stockholders’ equity		13.59			13.02			14.18			14.74			13.85
Net interest margin		3.74			3.71			3.79			3.75			3.70
Efficiency ratio		54.07			59.33			52.47			52.10			55.92
BancFirst Corporation
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Summary Financial Information
(Dollars in thousands, except per share and share data - Unaudited)
			2025			2025			2025			2025
			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
Balance Sheet Data:
Total assets	15,116,541		$	14,838,893		$	14,198,140		$	14,045,780		$	14,038,055
Interest-bearing deposits with banks	4,430,751			4,177,406			3,849,736			3,737,763			3,706,328
Debt securities	886,519			924,948			1,015,941			1,104,604			1,167,441
Total loans	8,596,068			8,544,634			8,287,167			8,124,497			8,102,810
Allowance for credit losses	(105,330	)		(104,299	)		(99,511	)		(96,988	)		(100,455	)
Noninterest-bearing demand deposits	4,105,840			3,897,613			3,816,389			3,967,626			4,027,797
Money market and interest-bearing checking deposits	5,605,932			5,610,882			5,393,791			5,301,439			5,393,995
Savings deposits	1,391,142			1,318,062			1,251,394			1,205,602			1,174,685
Time deposits	1,798,187			1,843,836			1,656,813			1,581,525			1,530,273
Total deposits	12,901,101			12,670,393			12,118,387			12,056,192			12,126,750
Stockholders' equity	1,901,912			1,854,125			1,782,801			1,728,038			1,672,827
Book value per common share	56.65			55.28			53.49			51.94			50.32
Tangible book value per common share (non-GAAP)(1)	50.58			49.20			47.71			46.12			44.47
Balance Sheet Ratios:
Average loans to deposits	67.02	%		66.43	%		67.32	%		67.11	%		68.08	%
Average earning assets to total assets	92.84			93.00			93.00			92.97			93.10
Average stockholders' equity to average assets	12.60			12.33			12.38			12.14			12.00
Asset Quality Data:
Past due loans	8,364		$	8,115		$	7,959		$	7,515		$	5,120
Nonaccrual loans (3)	62,178			61,130			57,266			49,878			56,371
Other real estate owned and repossessed assets	53,649			49,134			53,233			53,022			35,542
Nonaccrual loans to total loans	0.72	%		0.72	%		0.69	%		0.61	%		0.70	%
Allowance to total loans	1.23			1.22			1.20			1.19			1.24
Allowance to nonaccrual loans	169.40			170.62			173.77			194.45			178.20
Net charge-offs to average loans	0.02			0.02			0.02			0.05			0.01
Reconciliation of Tangible Book Value Per Common Share (non-GAAP)(2):
Stockholders' equity	1,901,912		$	1,854,125		$	1,782,801		$	1,728,038		$	1,672,827
Less goodwill	183,388			182,739			182,263			182,263			182,263
Less intangible assets, net	20,382			21,357			10,548			11,410			12,272
Tangible stockholders’ equity (non-GAAP)	1,698,142		$	1,650,029		$	1,589,990		$	1,534,365		$	1,478,292
Common shares outstanding	33,575,976			33,539,032			33,329,247			33,272,131			33,241,564
Tangible book value per common share (non-GAAP)	50.58		$	49.20		$	47.71		$	46.12		$	44.47
(1) Refer to the “Reconciliation of Tangible Book Value per Common Share (non-GAAP)” Table.
(2) Tangible book value per common share is stockholders’ equity less goodwill and intangible assets, net, divided by common shares outstanding. This amount is a non-GAAP financial measure but has been included as it is considered to be a critical metric with which to analyze and evaluate the financial condition and capital strength of the Company. This measure should not be considered a substitute for operating results determined in accordance with GAAP.
(3) Government Agencies guarantee approximately 10.8 million of nonaccrual loans at March 31, 2026.

All values are in US Dollars.

	BancFirst Corporation
	Consolidated Average Balance Sheets
	And Interest Margin Analysis
	Taxable Equivalent Basis
	(Dollars in thousands - Unaudited)
	Three Months Ended
	March 31, 2026
				Interest		Average
	Average			Income/		Yield/
	Balance			Expense		Rate
ASSETS
Earning assets:
Loans	$	8,550,328		$	144,317		6.85	%
Securities – taxable		901,732			5,873		2.64
Securities – tax exempt		7,545		66		3.56
Interest bearing deposits with banks and FFS		4,392,801			40,082		3.70
Total earning assets		13,852,406			190,338		5.57
Nonearning assets:
Cash and due from banks		225,545
Interest receivable and other assets		947,400
Allowance for credit losses		(104,409	)
Total nonearning assets		1,068,536
Total assets	$	14,920,942
LIABILITIES AND STOCKHOLDERS' EQUITY
Interest bearing liabilities:
Money market and interest-bearing checking deposits	$	5,594,239		$	35,318		2.56	%
Savings deposits		1,350,444			8,938		2.68
Time deposits		1,819,643			16,972		3.78
Short-term borrowings		15,096			142		3.82
Long-term borrowings		6,144			42		2.77
Subordinated debt		86,219			1,030		4.85
Other liabilities		16,725			133		3.23
Total interest bearing liabilities		8,888,510			62,575		2.86
Interest free funds:
Noninterest bearing deposits		3,994,201
Interest payable and other liabilities		158,808
Equity		1,879,423
Total interest free funds		6,032,432
Total liabilities and stockholders’ equity	$	14,920,942
Net interest income				$	127,763
Net interest spread							2.71	%
Effect of interest free funds							1.03	%
Net interest margin							3.74	%