BANCFIRST CORPORATION REPORTS SECOND QUARTER EARNINGS

Rhea-AI Summary

BancFirst (NASDAQ: BANF) reported second quarter 2026 net income of $66.7 million, or $1.96 per diluted share, up from $62.3 million, or $1.85, in Q2 2025. Net interest income rose to $133.5 million from $121.3 million, with net interest margin improving to 3.84% from 3.75%.

Noninterest income increased to $53.9 million from $48.0 million, helped by higher trust revenues, deposit service charges, securities transactions, treasury income and $2.9 million of bank-owned life insurance gains. Noninterest expense grew to $97.5 million from $88.2 million, mainly due to higher salaries and benefits and greater other real estate owned expense.

Total assets reached $15.1 billion, loans $8.7 billion and deposits $12.8 billion as of June 30, 2026, all above year-end 2025 levels. Nonaccrual loans rose to 0.94% of total loans, while the allowance for credit losses increased to 1.25% of loans. BancFirst also announced the pending acquisition of SpiritBank, targeting a Q4 2026 close, subject to regulatory approval.

Positive

• Q2 2026 net income $66.7M vs. $62.3M in Q2 2025
• Q2 2026 diluted EPS $1.96 vs. $1.85 year over year
• Net interest income $133.5M vs. $121.3M in Q2 2025
• Net interest margin 3.84% vs. 3.75% in Q2 2025
• Noninterest income $53.9M vs. $48.0M in Q2 2025
• Total assets $15.1B, loans $8.7B, deposits $12.8B, all above year-end 2025
• Net charge-offs $2.4M vs. $4.7M in Q2 2025
• Tangible book value per share $52.21 vs. $46.12 in Q2 2025
• Six-month 2026 net income $129.7M vs. $118.5M in 2025
• SpiritBank acquisition announced, expanding presence in Tulsa market

Negative

• Provision for credit losses $4.9M vs. $1.4M in Q2 2025
• Noninterest expense $97.5M vs. $88.2M in Q2 2025
• Salaries and benefits expense $60.3M, up $5.2M year over year
• Net expense from other real estate owned up $1.6M period to period
• Nonaccrual loans 0.94% of loans vs. 0.72% at year-end 2025
• Other real estate owned and repossessed assets $61.7M vs. $49.1M at year-end 2025
• Return on average equity 13.84% in Q2 2026 vs. 14.74% in Q2 2025

News Explained

The pending SpiritBank acquisition is intended to add the Bristow and Sapulpa communities in the Tulsa metropolitan area and expand BancFirst’s Tulsa presence; closing and conversion remain anticipated in the fourth quarter of 2026, subject to regulatory approval.

Market Context

Recent insider activity was classified as Net Selling across 6 transactions. This adds a shareholder...

Analysis

Recent insider activity was classified as Net Selling across 6 transactions. This adds a shareholder-activity datapoint to Q2 earnings growth, while the rise in nonaccrual loans remains the principal credit-quality risk to monitor.

Key Figures

Net Income: $66.7 million Diluted EPS: $1.96 Net Interest Income: $133.5 million +5 more

8 metrics

Net Income $66.7 million Q2 2026 vs. $62.3 million in Q2 2025

Diluted EPS $1.96 Q2 2026 vs. $1.85 in Q2 2025

Net Interest Income $133.5 million Three months ended June 30, 2026 vs. $121.3 million

Net Interest Margin 3.84% Q2 2026 vs. 3.75% in Q2 2025

Provision for Credit Losses $4.9 million Quarter ended June 30, 2026 vs. $1.4 million in 2025

Noninterest Income $53.9 million Q2 2026 vs. $48.0 million in Q2 2025

Noninterest Expense $97.5 million Quarter ended June 30, 2026 vs. $88.2 million in 2025

Nonaccrual Loans 0.94% of total loans June 30, 2026 vs. 0.72% at year-end 2025

Previous Earnings Reports

5 past events · Latest: Apr 16 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 16	1Q26 earnings	Positive	+4.5%	Net income, diluted EPS, net interest income, and margin increased year over year.
Jan 22	4Q25 earnings	Positive	-7.6%	Net income and net interest income increased, but the stock declined 7.57%.
Oct 17	3Q25 earnings	Positive	-1.5%	Net income and net interest income increased, while the stock declined 1.53%.
Jul 17	2Q25 earnings	Positive	+3.1%	Net income and net interest income increased, alongside asset and deposit growth.
Apr 17	1Q25 earnings	Positive	+3.2%	Net income and net interest income increased, while credit quality remained stable.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Earnings reactions were mixed: Q1 2026 and Q2 2025 rose, while Q4 2025 and Q3 2025 declined.

Key Terms

net interest margin, nonaccrual loans, allowance for credit losses, net charge-offs

4 terms

net interest margin financial

"Net interest margin was 3.84% for the second 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.

nonaccrual loans financial

"Nonaccrual loans represented 0.94% of total loans"

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 1.25%"

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 totaled $2.4 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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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OKLAHOMA CITY, July 23, 2026 /PRNewswire/ -- BancFirst Corporation (NASDAQ GS: BANF) reported net income of $66.7 million, or $1.96 per diluted share, for the second quarter of 2026 compared to net income of $62.3 million, or $1.85 per diluted share, for the second quarter of 2025. 

The Company's net interest income for the three-months ending June 30, 2026 increased to $133.5 million from $121.3 million for the same period in 2025. Higher loan volume and general growth in earning assets were the primary drivers of the change in net interest income. Net interest margin was 3.84% for the second quarter of 2026 compared to 3.75% for the second quarter of 2025. The Company recorded a provision for credit losses of $4.9 million and $1.4 million for the quarter ended June 30, 2026 and 2025, respectively.

Noninterest income for the quarter totaled $53.9 million compared to $48.0 million in the same quarter last year. Trust revenue, service charges on deposits, securities transactions, and treasury income each increased when compared to second quarter of 2025. The Company also recorded gains of $2.9 million related to bank owned life insurance claims during the quarter. The increase in noninterest income was partially offset by a decrease in insurance commissions.

Noninterest expense grew to $97.5 million for the quarter ended June 30, 2026 compared to $88.2 million in the same quarter in 2025. The increase in noninterest expense was primarily attributable to the growth in salaries and employee benefits of $5.2 million. The total salaries and employee benefits expenses recorded of $60.3 million is after a favorable adjustment to the funded employee benefit trust of $800,000. Also driving the increase in noninterest expense was net expense from other real estate owned, which increased $1.6 million period to period.

At June 30, 2026, the Company's total assets were $15.1 billion, an increase of $243.4 million from December 31, 2025. Loans grew $110.6 million from December 31, 2025, totaling $8.7 billion at June 30, 2026. Deposits totaled $12.8 billion, an increase of $155.9 million from year-end 2025. Sweep accounts totaled $5.0 billion at June 30, 2026, up $100.8 million from December 31, 2025. The Company's stockholders' equity stood at $2.0 billion, an increase of $103.0 million from the end of 2025.

Nonaccrual loans represented 0.94% of total loans at June 30, 2026, up from 0.72% at year-end 2025. Nonaccrual loans totaled $81.4 million at the end of the second quarter 2026. The allowance for credit losses to total loans was 1.25% at June 30, 2026 and 1.22% at December 31, 2025. Net charge-offs totaled $2.4 million for the quarter compared to $4.7 million for the second quarter last year.

BancFirst Corporation CEO David Harlow commented, "The Company enjoyed a record quarter fueled by an expanding margin and earning asset growth. Noninterest income growth was solid across most major categories and expenses were managed in line with plan. We announced the acquisition of SpiritBank during the quarter, adding the Tulsa MSA communities of Bristow and Sapulpa while expanding our presence in the Tulsa market. Pending regulatory approval, a fourth quarter close and conversion is anticipated. Our economic outlook continues to be guarded, although charge-offs remain at historically low levels. With a $4.9 million provision during the quarter, our allowance for credit losses remains at a healthy level."

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		2026		2025		2025		2025
		2nd Qtr		1st Qtr		4th Qtr		3rd Qtr		2nd Qtr
Condensed Income Statements:
Net interest income		$                 133,536		$                 127,605		$                 127,667		$                 125,615		$                 121,256
Provision for credit losses on loans		4,831		2,578		(1,975)		4,222		1,239
Provision for/(benefit from) off-balance sheet credit exposures		48		(435)		234		216		148
Noninterest income:
Trust revenue		6,078		6,057		5,933		5,850		5,795
Service charges on deposits		19,090		18,042		18,393		18,131		17,741
Securities transactions		725		904		964		492		(740)
Sales of loans		913		780		781		916		830
Insurance commissions		7,481		9,440		7,643		8,954		7,920
Cash management		10,922		10,566		10,120		10,338		10,573
Other		8,740		5,602		9,499		5,185		5,929
Total noninterest income		53,949		51,391		53,333		49,866		48,048
Noninterest expense:
Salaries and employee benefits		60,306		58,855		58,570		57,681		55,147
Occupancy expense, net		6,320		6,286		6,946		6,434		6,037
Depreciation		4,988		4,816		4,872		4,725		4,691
Amortization of intangible assets		974		975		836		862		862
Data processing services		2,990		3,448		3,041		2,901		2,985
Net expense from other real estate owned		4,567		3,605		12,044		2,778		2,941
Marketing and business promotion		2,077		2,641		3,121		2,126		2,325
Deposit insurance		1,642		1,847		1,692		1,736		1,675
Other		13,667		14,316		16,268		12,829		11,536
Total noninterest expense		97,531		96,789		107,390		92,072		88,199
Income before income taxes		85,075		80,064		75,351		78,971		79,718
Income tax expense		18,388		17,069		15,854		16,317		17,371
Net income		$                   66,687		$                   62,995		$                   59,497		$                   62,654		$                   62,347
Per Common Share Data:
Net income-basic		$                      1.98		$                      1.88		$                      1.78		$                      1.88		$                      1.87
Net income-diluted		1.96		1.85		1.75		1.85		1.85
Cash dividends declared		0.49		0.49		0.49		0.49		0.46
Common shares outstanding		33,598,745		33,575,976		33,539,032		33,329,247		33,272,131
Average common shares outstanding -
Basic		33,586,922		33,557,536		33,423,922		33,310,290		33,255,015
Diluted		34,057,507		34,027,895		33,906,434		33,864,129		33,795,243
Performance Ratios:
Return on average assets		1.77 %		1.71 %		1.60 %		1.76 %		1.79 %
Return on average stockholders' equity		13.84		13.59		13.02		14.18		14.74
Net interest margin		3.84		3.74		3.71		3.79		3.75
Efficiency ratio		52.02		54.07		59.33		52.47		52.10

 

BancFirst Corporation
Summary Financial Information
(Dollars in thousands, except per share and share data - Unaudited)
		2026		2026		2025		2025		2025
		2nd Qtr		1st Qtr		4th Qtr		3rd Qtr		2nd Qtr
Balance Sheet Data:
Total assets		$ 15,082,243		$ 15,116,541		$ 14,838,893		$ 14,198,140		$ 14,045,780
Interest-bearing deposits with banks		4,164,678		4,430,751		4,177,406		3,849,736		3,737,763
Debt securities		1,113,240		886,519		924,948		1,015,941		1,104,604
Total loans		8,655,260		8,596,068		8,544,634		8,287,167		8,124,497
Allowance for credit losses		(107,810)		(105,330)		(104,299)		(99,511)		(96,988)
Noninterest-bearing demand deposits		4,162,306		4,105,840		3,897,613		3,816,389		3,967,626
Money market and interest-bearing checking deposits		5,442,757		5,605,932		5,610,882		5,393,791		5,301,439
Savings deposits		1,428,690		1,391,142		1,318,062		1,251,394		1,205,602
Time deposits		1,792,537		1,798,187		1,843,836		1,656,813		1,581,525
Total deposits		12,826,290		12,901,101		12,670,393		12,118,387		12,056,192
Stockholders' equity		1,957,097		1,901,912		1,854,125		1,782,801		1,728,038
Book value per common share		58.25		56.65		55.28		53.49		51.94
Tangible book value per common share (non-GAAP)(1)		52.21		50.58		49.20		47.71		46.12
Balance Sheet Ratios:
Average loans to deposits		67.02 %		67.02 %		66.43 %		67.32 %		67.11 %
Average earning assets to total assets		92.45		92.84		93.00		93.00		92.97
Average stockholders' equity to average assets		12.79		12.60		12.33		12.38		12.14
Asset Quality Data:
Past due loans		$          7,077		$          8,364		$          8,115		$          7,959		$          7,515
Nonaccrual loans (3)		81,420		62,178		61,130		57,266		49,878
Other real estate owned and repossessed assets		61,703		53,649		49,134		53,233		53,022
Nonaccrual loans to total loans		0.94 %		0.72 %		0.72 %		0.69 %		0.61 %
Allowance to total loans		1.25		1.23		1.22		1.20		1.19
Allowance to nonaccrual loans		132.41		169.40		170.62		173.77		194.45
Net charge-offs to average loans		0.03		0.02		0.02		0.02		0.05
Reconciliation of Tangible Book Value Per Common Share (non-GAAP)(2):
Stockholders' equity		$   1,957,097		$   1,901,912		$   1,854,125		$   1,782,801		$   1,728,038
Less goodwill		183,388		183,388		182,739		182,263		182,263
Less intangible assets, net		19,408		20,382		21,357		10,548		11,410
Tangible stockholders' equity (non-GAAP)		$   1,754,301		$   1,698,142		$   1,650,029		$   1,589,990		$   1,534,365
Common shares outstanding		33,598,745		33,575,976		33,539,032		33,329,247		33,272,131
Tangible book value per common share (non-GAAP)		$          52.21		$          50.58		$          49.20		$          47.71		$          46.12
(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 $7.9 million of nonaccrual loans at June 30, 2026.

 

BancFirst Corporation
Summary Financial Information
(Dollars in thousands, except per share and share data - Unaudited)
		Six months ended
		June 30,
		2026		2025
Condensed Income Statements:
Net interest income		$        261,141		$        237,205
Provision for credit losses on loans		7,409		2,700
(Benefit from)/provision for off-balance sheet credit exposures		(387)		273
Noninterest income:
Trust revenue		12,135		11,334
Service charges on deposits		37,132		34,545
Securities transactions		1,629		(1,073)
Sales of loans		1,693		1,466
Insurance commissions		16,921		18,330
Cash management		21,488		20,624
Other		14,342		11,716
Total noninterest income		105,340		96,942
Noninterest expense:
Salaries and employee benefits		119,161		109,740
Occupancy expense, net		12,606		11,790
Depreciation		9,804		9,499
Amortization of intangible assets		1,949		1,748
Data processing services		6,438		5,877
Net expense from other real estate owned		8,172		5,599
Marketing and business promotion		4,718		4,786
Deposit insurance		3,489		3,400
Other		27,983		27,939
Total noninterest expense		194,320		180,378
Income before income taxes		165,139		150,796
Income tax expense		35,457		32,337
Net income		$        129,682		$        118,459
Per Common Share Data:
Net income-basic		$              3.86		$              3.56
Net income-diluted		3.81		3.51
Cash dividends declared		0.98		0.92
Common shares outstanding		33,598,745		33,272,131
Average common shares outstanding -
Basic		33,572,310		33,243,963
Diluted		34,040,322		33,782,069
Performance Ratios:
Return on average assets		1.74 %		1.73 %
Return on average stockholders' equity		13.72		14.31
Net interest margin		3.79		3.72
Efficiency ratio		53.02		53.98

 

	BancFirst Corporation
	Consolidated Average Balance Sheets
	And Interest Margin Analysis
	Taxable Equivalent Basis
	(Dollars in thousands - Unaudited)
	Three Months Ended							Six Months Ended
	June 30, 2026							June 30, 2026
			Interest		Average					Interest		Average
	Average		Income/		Yield/			Average		Income/		Yield/
	Balance		Expense		Rate			Balance		Expense		Rate
ASSETS
Earning assets:
Loans	$        8,610,837		$           148,013		6.89	%		$ 8,580,750		$  292,330		6.87	%
Securities – taxable	999,677		7,413		2.97			950,975		13,286		2.82
Securities – tax exempt	6,756		68		4.01			7,148		134		3.77
Interest bearing deposits with banks and FFS	4,343,973		40,042		3.70			4,368,252		80,124		3.70
Total earning assets	13,961,243		195,536		5.62			13,907,125		385,874		5.60
Nonearning assets:
Cash and due from banks	217,300							221,400
Interest receivable and other assets	1,028,343							988,094
Allowance for credit losses	(105,148)							(104,780)
Total nonearning assets	1,140,495							1,104,714
Total assets	$       15,101,738							15,011,839
LIABILITIES AND STOCKHOLDERS' EQUITY
Interest bearing liabilities:
Money market and interest-bearing checking deposits	$        5,499,834		$             34,602		2.52	%		$ 5,546,776		$    69,920		2.54	%
Savings deposits	1,408,443		9,467		2.70			1,379,604		18,405		2.69
Time deposits	1,815,864		16,445		3.63			1,817,743		33,417		3.71
Short-term borrowings	13,798		102		2.97			14,444		244		3.40
Long-term borrowings	-		-		-			3,055		42		2.77
Subordinated debt	86,233		1,031		4.80			86,226		2,061		4.82
Other liabilities	16,747		199		4.76			16,736		332		4.00
Total interest bearing liabilities	8,840,919		61,846		2.81			8,864,584		124,421		2.83
Interest free funds:
Noninterest bearing deposits	4,123,897							4,059,407
Interest payable and other liabilities	204,942							182,001
Equity	1,931,980							1,905,847
Total interest free  funds	6,260,819							6,147,255
Total liabilities and stockholders' equity	$       15,101,738							15,011,839
Net interest income			$           133,690							$  261,453
Net interest spread					2.81	%						2.77	%
Effect of interest free funds					1.03	%						1.02	%
Net interest margin					3.84	%						3.79	%

 

View original content:https://www.prnewswire.com/news-releases/bancfirst-corporation-reports-second-quarter-earnings-302833674.html

SOURCE BancFirst Corporation

FAQ

What were BancFirst (NASDAQ: BANF) Q2 2026 earnings and diluted EPS?

BancFirst reported Q2 2026 net income of $66.7 million and diluted EPS of $1.96. According to BancFirst, this compares with $62.3 million of net income and $1.85 diluted EPS in the second quarter of 2025, reflecting year-over-year earnings growth.

How did BancFirst's net interest margin change in Q2 2026 versus Q2 2025?

BancFirst’s net interest margin was 3.84% in Q2 2026, up from 3.75% a year earlier. According to BancFirst, higher loan volume and general growth in earning assets were primary drivers of higher net interest income supporting this margin expansion.

What loan and deposit growth did BancFirst (BANF) report as of June 30, 2026?

As of June 30, 2026, loans totaled $8.7 billion and deposits $12.8 billion. According to BancFirst, loans increased $110.6 million and deposits rose $155.9 million from December 31, 2025, while total assets grew to $15.1 billion over the same period.

How did asset quality metrics trend for BancFirst in Q2 2026?

Nonaccrual loans were 0.94% of total loans at June 30, 2026, up from 0.72% at year-end 2025. According to BancFirst, the allowance for credit losses increased to 1.25% of total loans, while quarterly net charge-offs declined to $2.4 million from $4.7 million a year earlier.

What is the SpiritBank acquisition announced by BancFirst in 2026?

BancFirst announced the acquisition of SpiritBank during Q2 2026, subject to regulatory approval. According to BancFirst, the transaction adds Tulsa MSA communities Bristow and Sapulpa and expands its Tulsa market presence, with a targeted fourth quarter 2026 close and conversion.

How did BancFirst's six-month 2026 results compare to the first half of 2025?

For the six months ended June 30, 2026, BancFirst reported net income of $129.7 million and diluted EPS of $3.81. According to BancFirst, this compares with $118.5 million of net income and $3.51 diluted EPS for the same 2025 period.

What were BancFirst's key capital and book value metrics in Q2 2026?

Stockholders’ equity was $2.0 billion and book value per share $58.25 at June 30, 2026. According to BancFirst, tangible book value per share, a non-GAAP metric, reached $52.21, up from $46.12 at June 30, 2025, indicating continued capital growth.