BANCFIRST CORPORATION REPORTS FIRST QUARTER EARNINGS

Rhea-AI Summary

BancFirst (NASDAQ:BANF) reported net income of $63.0 million or $1.85 diluted EPS for Q1 2026, up from $56.1 million or $1.66 diluted EPS in Q1 2025. Net interest income rose to $127.6 million and net interest margin was 3.74%.

Total assets were $15.1 billion, loans $8.6 billion, deposits $12.9 billion, and stockholders' equity $1.9 billion. The company completed the conversion of American Bank of Oklahoma and maintained an allowance for credit losses of 1.23% of loans.

Positive

• Net income of $63.0M, up from $56.1M year-over-year
• Net interest income increased to $127.6M, driven by higher loan volume
• Deposits grew to $12.9B, up $230.7M from year-end 2025
• Completed conversion of American Bank of Oklahoma during the quarter

Negative

• Provision for credit losses increased to $2.1M from $1.6M
• Net charge-offs rose to $1.5M versus $0.503M in prior year quarter

Key Figures

Q1 2026 net income: $63.0M Q1 2026 diluted EPS: $1.85 Net interest income: $127.6M +5 more

8 metrics

Q1 2026 net income $63.0M Compared to $56.1M in Q1 2025

Q1 2026 diluted EPS $1.85 Compared to $1.66 in Q1 2025

Net interest income $127.6M Q1 2026 vs $115.9M in Q1 2025

Provision for credit losses $2.1M Quarter ended March 31, 2026 vs $1.6M in 2025

Net interest margin 3.74% Q1 2026 vs 3.70% in Q1 2025

Total assets $15.1B At March 31, 2026; up $277.6M from Dec 31, 2025

Total loans $8.6B At March 31, 2026; up $51.4M from year-end 2025

Nonaccrual loans $62.2M (0.72%) 0.72% of total loans at March 31, 2026

Market Reality Check

Price: $116.85 Vol: Volume 71,010 is below th...

low vol

$116.85 Last Close

Volume Volume 71,010 is below the 20-day average 165,405, at 0.43x typical activity ahead of the release. low

Technical Price $113.03 is trading below the 200-day MA at $117.66, indicating a weaker intermediate trend into earnings.

Peers on Argus

BANF slipped 1.22% while peers were mixed: IBOC -1.03%, SFBS -1.92%, IFS -10.98%...

BANF slipped 1.22% while peers were mixed: IBOC -1.03%, SFBS -1.92%, IFS -10.98%, but ASB and AUB were modestly positive. This points to stock-specific rather than broad sector pressure.

Previous Earnings Reports

5 past events · Latest: Jan 22 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 22	Q4 2025 earnings	Positive	-7.6%	Higher net income and net interest income with stable asset quality metrics.
Oct 17	Q3 2025 earnings	Positive	-1.5%	Earnings and margin expansion driven by loan growth and higher earning assets.
Jul 17	Q2 2025 earnings	Positive	+3.1%	Strong net income growth with higher assets, loans, deposits and solid credit.
Apr 17	Q1 2025 earnings	Positive	+3.2%	Improved net income and net interest income with modest asset quality gains.
Jan 23	Q4 2024 earnings	Positive	-2.1%	Record annual earnings and higher net interest income with growing balance sheet.

Pattern Detected

Earnings releases have produced mixed reactions, with 3 divergence events and 2 alignments between strong fundamentals and next-day price moves.

Recent Company History

Recent BANF earnings have generally shown rising net income, expanding net interest income and stable credit quality. Q1 and Q2 2025 results were described as strong, with higher assets, loans and deposits, and those quarters saw positive price reactions. By Q3 and Q4 2025, earnings and margins continued to improve, but shares reacted negatively to some reports. Today’s Q1 2026 update, featuring higher net income and loan growth, fits the pattern of steady operational performance against inconsistent market responses.

Historical Comparison

-1.0% avg move · Over the last five earnings reports, BANF’s average next-day move was -0.99%, showing that solid res...

earnings

-1.0%

Average Historical Move earnings

Over the last five earnings reports, BANF’s average next-day move was -0.99%, showing that solid results have not consistently translated into positive price action.

Across recent earnings, BancFirst has reported steady growth in net income, net interest income and balance sheet size while maintaining stable nonaccrual and allowance ratios.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2025-08-05

BancFirst has an effective Form S-3ASR shelf filed on 2025-08-05, with no recorded usage to date. The filing covers common stock and provides flexibility to issue securities in the future, but no offering size or takedowns are specified in the provided data.

Market Pulse Summary

This announcement highlights year-over-year growth in Q1 2026 net income, improved net interest marg...

Analysis

This announcement highlights year-over-year growth in Q1 2026 net income, improved net interest margin and solid balance sheet expansion in loans, deposits and assets. Credit quality indicators, including nonaccrual loans at 0.72% of total loans and an allowance ratio of 1.23%, remain stable. Historically, earnings reports have produced mixed share reactions despite consistent fundamentals. Investors may watch upcoming quarters for trends in credit costs, expense growth and any utilization of the existing S-3 shelf registration.

Key Terms

net interest margin, provision for credit losses, noninterest income, noninterest expense, +4 more

8 terms

net interest margin financial

"Net interest margin was 3.74% for the first quarter of 2026..."

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

provision for credit losses financial

"The Company recorded a provision for credit losses of $2.1 million..."

Provision for credit losses is an amount set aside by a financial institution to cover potential future losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution manage risks and stay financially healthy. For investors, it signals how cautious a lender is about potential loan defaults and can impact the company's profitability and financial stability.

noninterest income financial

"Noninterest income for the quarter totaled $51.4 million..."

Noninterest income is the money a bank or financial firm earns from activities other than charging interest on loans, such as account fees, transaction charges, advisory and underwriting fees, trading gains, and service income — like a store making extra money from repairs, warranties or delivery charges rather than product sales. It matters to investors because it shows how diversified a company’s revenue is and whether it can withstand changes in interest rates; a strong noninterest income stream can stabilize profits but may also be more variable than steady loan interest.

noninterest expense financial

"Noninterest expense grew to $96.8 million for the quarter-ended March 31, 2026..."

Costs a company incurs that are not tied to borrowing or lending, such as employee pay, rent, technology, marketing, and office supplies. Think of a household: noninterest expense is everything you pay for living and running the home except mortgage or loan interest; for investors, it shows how efficiently a company runs its core operations and directly affects profit margins and the cash available for growth or dividends.

nonaccrual loans financial

"Nonaccrual loans represented 0.72% of total loans at both March 31, 2026..."

Nonaccrual loans are loans a lender has stopped counting toward interest income because the borrower is overdue or unlikely to pay; the lender only records cash payments received and may set aside extra funds to cover potential losses. For investors, a rising number or amount of nonaccrual loans signals weaker credit quality, lower future interest revenue and larger potential write-downs — similar to pausing expected subscription income when many customers stop paying.

allowance for credit losses financial

"The allowance for credit losses to total loans was 1.23% at March 31, 2026..."

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

net charge-offs financial

"Net charge-offs were $1.5 million for the quarter..."

Net charge-offs are the amount of loans or credit a lender removes from its books as uncollectible after subtracting any money later recovered from previously written-off accounts. Think of it like a store writing off unpaid tabs but getting back a few dollars later — the net figure shows the real loss. Investors watch this to judge a lender’s loan quality, future profits and how much capital may be needed to cover bad debts.

Volcker rule regulatory

"a $4.4 million expense related to the disposition of certain equity investments no longer permissible under the Volcker rule..."

The Volcker Rule is a banking regulation that prohibits banks from using their own funds to make speculative trading bets and restricts their ability to own or sponsor hedge funds and private equity vehicles — like preventing a shop from gambling with its cash register or running risky side businesses. It matters to investors because it changes how banks earn and risk money: it tends to limit volatile trading profits while reducing the chance that depositor funds or a bank’s core business suffer large losses, affecting a bank’s stability and returns.

AI-generated analysis. Not financial advice.

OKLAHOMA CITY, April 16, 2026 /PRNewswire/ -- 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 three locations 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.

 

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
	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
	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.

 

	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	%

 

View original content:https://www.prnewswire.com/news-releases/bancfirst-corporation-reports-first-quarter-earnings-302745243.html

SOURCE BancFirst

FAQ

What were BancFirst (BANF) Q1 2026 earnings and EPS reported on April 16, 2026?

BancFirst reported net income of $63.0 million, or $1.85 per diluted share, for Q1 2026. According to the company, this compares to $56.1 million, or $1.66 diluted EPS, in Q1 2025, reflecting higher net interest income and noninterest income.

How did BancFirst's net interest income and margin change in Q1 2026 for BANF?

Net interest income rose to $127.6 million and net interest margin was 3.74% in Q1 2026. According to the company, higher loan volume and growth in earning assets were the primary drivers of the increase in net interest income.

What balance-sheet changes did BancFirst (BANF) report for March 31, 2026?

At March 31, 2026 BancFirst had $15.1 billion in total assets, $8.6 billion in loans and $12.9 billion in deposits. According to the company, deposits increased $230.7 million and assets rose $277.6 million since year-end 2025.

Did BancFirst (BANF) report any notable credit quality metrics in Q1 2026?

Nonaccrual loans were 0.72% of total loans and the allowance for credit losses was 1.23% of loans at March 31, 2026. According to the company, net charge-offs were $1.5 million for the quarter, higher than the prior-year quarter.

How did BancFirst's noninterest income and expenses affect Q1 2026 results for BANF?

Noninterest income totaled $51.4 million, while noninterest expense was $96.8 million in Q1 2026. According to the company, revenue gains in trust, fees and treasury income were partly offset by higher salaries and conversion expenses.

What corporate event did BancFirst (BANF) complete in Q1 2026 and what was its impact?

BancFirst completed the conversion of American Bank of Oklahoma during the quarter. According to the company, conversion-related expenses were recorded in noninterest expense and the integration contributed to reported staffing and expense levels.