BANCFIRST CORP /OK/ BANF
BancFirst Corporation (the "Company") is a financial holding company headquartered in Oklahoma City, Oklahoma and registered under the Bank Holding Company Act of 1956, as amended (the "BHC Act"). It conducts a vast majority of its operating activities through its wholly-owned subsidiary, BancFirst ("BancFirst"), an Oklahoma state-chartered bank headquartered in Oklahoma City, Oklahoma. The Company also conducts operating activities through its wholly-owned subsidiaries, Pegasus Bank ("Pegasus"), a Texas state-chartered bank headquartered in Dallas, Texas, Worthington Bank ("Worthington"), a Texas state-chartered bank headquartered in Arlington, Texas and, prior to its merger with BancFirst in February 2026, American Bank of Oklahoma ("ABOK"), an Oklahoma state-chartered bank headquartered in Collinsville, Oklahoma. In addition, the Company owns 100% of the common securities of BFC Capital Trust II (a Delaware business trust), 100% of Council Oak Partners LLC, an Oklahoma limited liability company engaging in investing activities, 100% of BancFirst Insurance Services, Inc., an Oklahoma business corporation operating as an independent insurance agency, 100% of BFC-PNC, LLC, an operating subsidiary to hold other real estate owned and 80% of Calimesa Town Center, LLC an operating subsidiary to hold other real estate owned.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $760.3M | $724.1M | $623.9M | $419.8M | $327.0M | $327.1M | $336.7M | $303.2M | $248.1M | $218.6M |
| Interest expense | $490.5M | $446.9M | $424.5M | $373.7M | $11.4M | $20.4M | $54.7M | $42.7M | $20.9M | $14.7M |
| Pre-tax income | $305.1M | $275.3M | $269.9M | $237.4M | $208.4M | $123.5M | $169.6M | $159.8M | $136.3M | $107.9M |
| Income tax | $64.5M | $58.9M | $57.5M | $44.3M | $40.8M | $23.9M | $34.7M | $33.9M | $49.9M | $37.3M |
| Net income | $240.6M | $216.4M | $212.5M | $193.1M | $167.6M | $99.6M | $134.9M | $125.8M | $86.4M | $70.7M |
| EPS, basic | 7.22 | 6.55 | 6.45 | 5.89 | 5.12 | 3.05 | 4.13 | 3.85 | 2.72 | 2.27 |
| EPS, diluted | 7.11 | 6.44 | 6.34 | 5.77 | 5.03 | 3.00 | 4.05 | 3.76 | 2.65 | 2.22 |
| Shares, diluted (wtd. avg.) | $33.8M | $33.6M | $33.5M | $33.4M | $33.3M | $33.2M | $33.3M | $33.4M | $32.6M | $31.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $227.0M | $237.8M | $225.5M | $259.0M | $228.8M | $280.5M | $222.0M | $228.4M | $1.76B | $1.85B |
| Property, plant and equipment | $325.9M | $295.9M | $278.6M | $278.1M | $269.0M | $261.7M | $206.3M | $174.4M | $134.1M | $126.8M |
| Goodwill | $182.7M | $182.3M | $182.3M | $182.1M | $149.9M | $149.9M | $148.6M | $79.7M | $54.0M | $54.0M |
| Other intangibles | $21.4M | $13.2M | $16.7M | $20.0M | $17.6M | $19.0M | $22.6M | $16.5M | $11.1M | $13.3M |
| Total assets | $14.84B | $13.55B | $12.37B | $12.39B | $9.41B | $9.21B | $8.57B | $7.57B | $7.25B | $7.02B |
| Short-term debt | $10.0M | $0 | $3.4M | $300.0K | $0 | $1.1M | $1.1M | $1.7M | $900.0K | $500.0K |
| Total liabilities | $12.98B | $11.93B | $10.94B | $11.14B | $8.23B | $8.14B | $7.56B | $6.67B | $6.48B | $6.31B |
| Retained earnings | $1.61B | $1.43B | $1.28B | $1.12B | $977.1M | $871.2M | $815.5M | $722.6M | $638.6M | $577.6M |
| Total equity | $1.85B | $1.62B | $1.43B | $1.25B | $1.17B | $1.07B | $1.00B | $902.8M | $775.6M | $711.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $285.3M | $261.2M | $233.0M | $226.3M | $203.9M | $154.9M | $159.0M | $140.0M | $109.7M | $90.5M |
| Depreciation and amortisation | $22.5M | $21.7M | $22.2M | $22.0M | $20.0M | $18.4M | $16.0M | $13.5M | $11.8M | $12.4M |
| Stock-based compensation | $3.7M | $3.5M | $3.0M | $1.9M | $2.1M | $1.5M | $1.3M | $1.4M | $1.2M | $1.6M |
| Capital expenditure | $48.3M | $36.7M | $22.5M | $19.8M | $27.3M | $66.4M | $27.1M | $51.9M | $18.0M | $10.8M |
| Investing cash flow | $15.5M | -$71.4M | -$669.7M | -$1.52B | $422.9M | -$898.5M | $50.3M | -$293.8M | -$349.8M | -$98.0M |
| Financing cash flow | $549.8M | $966.5M | -$334.8M | $2.41B | -$193.7M | $492.3M | $234.7M | -$179.8M | $147.4M | $259.8M |
| Dividends paid | $62.2M | $57.8M | $53.6M | $48.5M | $45.1M | $42.5M | $39.8M | $30.3M | $24.8M | $22.8M |
| Buybacks | — | — | $1.8M | — | $11.7M | $3.1M | $1.6M | $7.9M | — | $5.5M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-075954.
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