BancFirst Q3 2026 earnings rise to $67.3 million
Nonaccrual loans were 0.87% of total loans, and quarterly net charge-offs totaled $4.0 million.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
BancFirst Corporation reported third-quarter 2026 net income of $67.3 million, or $1.97 per diluted share, compared with $62.7 million and $1.85 in the third quarter of 2025. Net interest income rose to $136.0 million from $125.6 million, which the company attributed mainly to higher loan volume and growth in earning assets; net interest margin was 3.85%, versus 3.79%.
Noninterest income was $51.4 million, compared with $49.9 million, while noninterest expense increased to $98.2 million from $92.1 million, including a $4.1 million increase in salaries and employee benefits. At September 30, 2026, total assets were $15.0 billion, loans were $8.7 billion and deposits totaled $12.7 billion.
Nonaccrual loans were $75.6 million, or 0.87% of total loans, compared with 0.72% at year-end 2025; net charge-offs were $4.0 million versus $1.7 million in the third quarter of 2025. CEO David Harlow said the previously announced acquisition of Tulsa-based Spirit Bank was on schedule to close in October. He also said higher interest rates and a higher-for-longer rate outlook were expected to dampen future economic activity.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate point2026 third-quarter net income reached $67.3 million, versus $62.7 million.
Negative
- None.
Insights
Analyzing...
8-K Event Classification
Key Figures
Key Terms
Net interest margin financial
Nonaccrual loans financial
Purchased credit deteriorated loans financial
Allowance for credit losses financial
Earnings Snapshot
CEO David Harlow said higher interest rates and a higher-for-longer rate outlook were expected to have a dampening effect on future economic activity.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much did BANF earn in Q3 2026?
What was BANF's net interest income in Q3 2026?
What was the main driver of BANF's nonaccrual loan balance?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, 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): |
(Exact name of Registrant as Specified in Its Charter)
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(Address of Principal Executive Offices) |
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Registrant’s Telephone Number, Including Area Code: |
(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:
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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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 Third Quarter Earnings
On October 21, 2026, BancFirst Corporation announced its results of operations for the quarter ended September 30, 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 October 21, 2026, issued by BancFirst Corporation titled “BancFirst Corporation Reports Third 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.
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BANCFIRST CORPORATION |
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Date: |
October 21, 2026 |
By: |
/s/ Hannah Andrus |
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Hannah Andrus |
Exhibit 99.1
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100 N. Broadway Ave |
FOR IMMEDIATE RELEASE |
Oklahoma City, OK 73102 |
Wednesday, October 21, 2026 |
www.bancfirst.bank |
BANCFIRST CORPORATION REPORTS THIRD QUARTER EARNINGS
BancFirst Corporation (NASDAQ GS: BANF) reported net income of $67.3 million, or $1.97 per diluted share, for the third quarter of 2026 compared to net income of $62.7 million, or $1.85 per diluted share, for the third quarter of 2025.
The Company’s net interest income for the three-months ending September 30, 2026 increased to $136.0 million from $125.6 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 3.85% for the third quarter of 2026 compared to 3.79% for the third quarter of 2025. The Company recorded a provision for credit losses of $3.1 million and $4.4 million for the quarters ended September 30, 2026 and 2025, respectively.
Noninterest income for the quarter totaled $51.4 million compared to $49.9 million for the same quarter last year. Service charges on deposits and treasury income each increased when compared to third quarter of 2025.
Noninterest expense grew to $98.2 million for the quarter ended September 30, 2026 compared to $92.1 million in the same quarter in 2025. The increase in noninterest expense was primarily attributable to the growth in salaries and employee benefits of $4.1 million.
At September 30, 2026, the Company’s total assets were $15.0 billion, an increase of $182.3 million from December 31, 2025. Loans grew $187.9 million from December 31, 2025, totaling $8.7 billion at September 30, 2026. Deposits totaled $12.7 billion, an increase of $29.3 million from year-end 2025. Sweep accounts totaled $4.7 billion at the end of the third quarter, down $282.5 million from December 31, 2025. The Company’s stockholders’ equity stood at $2.0 billion, an increase of $142.9 million from the end of 2025.
Nonaccrual loans represented 0.87% of total loans at September 30, 2026, up from 0.72% at year-end 2025. Nonaccrual loans totaled $75.6 million at the end of the third quarter 2026; one commercial loan was the primary driver of the nonaccrual loans balance. The allowance for credit losses to total loans was 1.23% at September 30, 2026 and 1.22% at December 31, 2025. Net charge-offs totaled $4.0 million for the quarter compared to $1.7 million for the third quarter last year. Of the $4.0 million net charge-offs for the quarter, $1.8 million was related to purchased credit deteriorated loans. At acquisition, the Company identified these loans as credit deteriorated and recorded reserves for expected credit losses. These loans performed in line with expectations subsequent to acquisition.
BancFirst Corporation CEO David Harlow commented, “Earnings for the quarter were strong, driven by growth in earning assets, a sustained margin, year-over-year growth in non-interest income combined with expenses in line with plan. Capital levels remain strong and the allowance for credit losses is ample – both at levels necessary to support the Company through future economic cycles. Asset quality metrics are stable and charge-offs remain in line with historical levels. While business development pipelines are encouraging, we expect higher interest rates and a higher-for-longer rate outlook to have a dampening effect on future economic activity. Our previously announced acquisition of Tulsa-based Spirit Bank is on schedule to close in October.”
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 108 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.
1
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.
2
BancFirst Corporation |
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Summary Financial Information |
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(Dollars in thousands, except per share and share data - Unaudited) |
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2026 |
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2026 |
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2026 |
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2025 |
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2025 |
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3rd Qtr |
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2nd Qtr |
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1st Qtr |
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4th Qtr |
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3rd Qtr |
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Condensed Income Statements: |
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Net interest income |
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$ |
135,999 |
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$ |
133,536 |
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$ |
127,605 |
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$ |
127,667 |
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$ |
125,615 |
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Provision for credit losses on loans |
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3,203 |
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4,831 |
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2,578 |
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(1,975 |
) |
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4,222 |
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Provision for/(benefit from) off-balance sheet credit exposures |
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(110 |
) |
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48 |
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(435 |
) |
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234 |
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216 |
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Noninterest income: |
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Trust revenue |
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5,874 |
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6,078 |
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6,057 |
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5,933 |
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5,850 |
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Service charges on deposits |
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19,308 |
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19,090 |
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18,042 |
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18,393 |
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18,131 |
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Securities transactions |
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103 |
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725 |
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904 |
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964 |
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492 |
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Sales of loans |
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800 |
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913 |
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780 |
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|
781 |
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916 |
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Insurance commissions |
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8,680 |
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7,481 |
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9,440 |
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7,643 |
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8,954 |
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Cash management |
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10,933 |
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10,922 |
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10,566 |
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10,120 |
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10,338 |
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Other |
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5,688 |
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8,740 |
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5,602 |
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9,499 |
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5,185 |
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Total noninterest income |
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51,386 |
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53,949 |
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51,391 |
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53,333 |
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49,866 |
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Noninterest expense: |
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Salaries and employee benefits |
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61,829 |
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60,306 |
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58,855 |
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58,570 |
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57,681 |
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Occupancy expense, net |
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6,672 |
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6,320 |
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6,286 |
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6,946 |
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6,434 |
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Depreciation |
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5,101 |
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|
4,988 |
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4,816 |
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4,872 |
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4,725 |
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Amortization of intangible assets |
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|
975 |
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|
974 |
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975 |
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|
836 |
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|
862 |
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Data processing services |
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3,043 |
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2,990 |
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3,448 |
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3,041 |
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2,901 |
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Net expense from other real estate owned |
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2,420 |
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4,567 |
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3,605 |
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12,044 |
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2,778 |
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Marketing and business promotion |
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2,311 |
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2,077 |
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2,641 |
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3,121 |
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2,126 |
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Deposit insurance |
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1,775 |
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1,642 |
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1,847 |
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1,692 |
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1,736 |
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Other |
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14,083 |
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13,667 |
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14,316 |
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16,268 |
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|
12,829 |
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Total noninterest expense |
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98,209 |
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97,531 |
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96,789 |
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|
107,390 |
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|
92,072 |
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Income before income taxes |
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86,083 |
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85,075 |
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80,064 |
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|
75,351 |
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78,971 |
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Income tax expense |
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18,829 |
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18,388 |
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17,069 |
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15,854 |
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|
16,317 |
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Net income |
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$ |
67,254 |
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$ |
66,687 |
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$ |
62,995 |
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$ |
59,497 |
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$ |
62,654 |
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Per Common Share Data: |
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Net income-basic |
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$ |
2.00 |
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$ |
1.98 |
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$ |
1.88 |
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$ |
1.78 |
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$ |
1.88 |
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Net income-diluted |
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1.97 |
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1.96 |
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|
1.85 |
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|
|
1.75 |
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|
1.85 |
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Cash dividends declared |
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0.52 |
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0.49 |
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0.49 |
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0.49 |
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0.49 |
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Common shares outstanding |
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33,619,174 |
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33,598,745 |
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33,575,976 |
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33,539,032 |
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33,329,247 |
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Average common shares outstanding - |
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Basic |
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33,610,010 |
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33,586,922 |
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33,557,536 |
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33,423,922 |
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33,310,290 |
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Diluted |
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34,086,332 |
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34,057,507 |
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34,027,895 |
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33,906,434 |
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33,864,129 |
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Performance Ratios: |
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Return on average assets |
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1.76 |
% |
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1.77 |
% |
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1.71 |
% |
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1.60 |
% |
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1.76 |
% |
Return on average stockholders’ equity |
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13.42 |
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13.84 |
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13.59 |
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13.02 |
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14.18 |
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Net interest margin |
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3.85 |
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3.84 |
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3.74 |
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3.71 |
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|
3.79 |
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Efficiency ratio |
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52.41 |
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52.02 |
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54.07 |
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|
59.33 |
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|
52.47 |
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3
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BancFirst Corporation |
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Summary Financial Information |
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(Dollars in thousands, except per share and share data - Unaudited) |
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2026 |
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2026 |
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2026 |
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2025 |
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2025 |
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3rd Qtr |
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2nd Qtr |
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1st Qtr |
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4th Qtr |
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3rd Qtr |
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Balance Sheet Data: |
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Total assets |
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$ |
15,021,230 |
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$ |
15,082,243 |
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$ |
15,116,541 |
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$ |
14,838,893 |
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$ |
14,198,140 |
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Interest-bearing deposits with banks |
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4,010,740 |
|
|
|
4,164,678 |
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|
|
4,430,751 |
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|
|
4,177,406 |
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|
|
3,849,736 |
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Debt securities |
|
|
1,100,934 |
|
|
|
1,113,240 |
|
|
|
886,519 |
|
|
|
924,948 |
|
|
|
1,015,941 |
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Total loans |
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8,732,546 |
|
|
|
8,655,260 |
|
|
|
8,596,068 |
|
|
|
8,544,634 |
|
|
|
8,287,167 |
|
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Allowance for credit losses |
|
|
(107,048 |
) |
|
|
(107,810 |
) |
|
|
(105,330 |
) |
|
|
(104,299 |
) |
|
|
(99,511 |
) |
|
Noninterest-bearing demand deposits |
|
|
4,049,891 |
|
|
|
4,162,306 |
|
|
|
4,105,840 |
|
|
|
3,897,613 |
|
|
|
3,816,389 |
|
|
Money market and interest-bearing checking deposits |
|
|
5,400,606 |
|
|
|
5,442,757 |
|
|
|
5,605,932 |
|
|
|
5,610,882 |
|
|
|
5,393,791 |
|
|
Savings deposits |
|
|
1,450,321 |
|
|
|
1,428,690 |
|
|
|
1,391,142 |
|
|
|
1,318,062 |
|
|
|
1,251,394 |
|
|
Time deposits |
|
|
1,798,892 |
|
|
|
1,792,537 |
|
|
|
1,798,187 |
|
|
|
1,843,836 |
|
|
|
1,656,813 |
|
|
Total deposits |
|
|
12,699,710 |
|
|
|
12,826,290 |
|
|
|
12,901,101 |
|
|
|
12,670,393 |
|
|
|
12,118,387 |
|
|
Stockholders' equity |
|
|
1,997,061 |
|
|
|
1,957,097 |
|
|
|
1,901,912 |
|
|
|
1,854,125 |
|
|
|
1,782,801 |
|
|
Book value per common share |
|
|
59.40 |
|
|
|
58.25 |
|
|
|
56.65 |
|
|
|
55.28 |
|
|
|
53.49 |
|
|
Tangible book value per common share (non-GAAP)(1) |
|
|
53.40 |
|
|
|
52.21 |
|
|
|
50.58 |
|
|
|
49.20 |
|
|
|
47.71 |
|
|
Balance Sheet Ratios: |
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|
|
|
|
|
|
|
|
|
|
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|
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Average loans to deposits |
|
|
67.49 |
% |
|
|
67.02 |
% |
|
|
67.02 |
% |
|
|
66.43 |
% |
|
|
67.32 |
% |
|
Average earning assets to total assets |
|
|
92.66 |
|
|
|
92.45 |
|
|
|
92.84 |
|
|
|
93.00 |
|
|
|
93.00 |
|
|
Average stockholders' equity to average assets |
|
|
13.14 |
|
|
|
12.79 |
|
|
|
12.60 |
|
|
|
12.33 |
|
|
|
12.38 |
|
|
Asset Quality Data: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Past due loans |
|
$ |
6,028 |
|
|
$ |
7,077 |
|
|
$ |
8,364 |
|
|
$ |
8,115 |
|
|
$ |
7,959 |
|
|
Nonaccrual loans (3) |
|
|
75,620 |
|
|
|
81,420 |
|
|
|
62,178 |
|
|
|
61,130 |
|
|
|
57,266 |
|
|
Other real estate owned and repossessed assets |
|
|
60,299 |
|
|
|
61,703 |
|
|
|
53,649 |
|
|
|
49,134 |
|
|
|
53,233 |
|
|
Nonaccrual loans to total loans |
|
|
0.87 |
% |
|
|
0.94 |
% |
|
|
0.72 |
% |
|
|
0.72 |
% |
|
|
0.69 |
% |
|
Allowance to total loans |
|
|
1.23 |
|
|
|
1.25 |
|
|
|
1.23 |
|
|
|
1.22 |
|
|
|
1.20 |
|
|
Allowance to nonaccrual loans |
|
|
141.56 |
|
|
|
132.41 |
|
|
|
169.40 |
|
|
|
170.62 |
|
|
|
173.77 |
|
|
Net charge-offs to average loans |
|
|
0.04 |
|
|
|
0.03 |
|
|
|
0.02 |
|
|
|
0.02 |
|
|
|
0.02 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Reconciliation of Tangible Book Value Per Common Share (non-GAAP)(2): |
|
|
|
|
|
|
|
|
|
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Stockholders' equity |
|
$ |
1,997,061 |
|
|
$ |
1,957,097 |
|
|
$ |
1,901,912 |
|
|
$ |
1,854,125 |
|
|
$ |
1,782,801 |
|
|
Less goodwill |
|
|
183,388 |
|
|
|
183,388 |
|
|
|
183,388 |
|
|
|
182,739 |
|
|
|
182,263 |
|
|
Less intangible assets, net |
|
|
18,433 |
|
|
|
19,408 |
|
|
|
20,382 |
|
|
|
21,357 |
|
|
|
10,548 |
|
|
Tangible stockholders’ equity (non-GAAP) |
|
$ |
1,795,240 |
|
|
$ |
1,754,301 |
|
|
$ |
1,698,142 |
|
|
$ |
1,650,029 |
|
|
$ |
1,589,990 |
|
|
Common shares outstanding |
|
|
33,619,174 |
|
|
|
33,598,745 |
|
|
|
33,575,976 |
|
|
|
33,539,032 |
|
|
|
33,329,247 |
|
|
Tangible book value per common share (non-GAAP) |
|
$ |
53.40 |
|
|
$ |
52.21 |
|
|
$ |
50.58 |
|
|
$ |
49.20 |
|
|
$ |
47.71 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
(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 $4.1 million of nonaccrual loans at September 30, 2026. |
|
|||||||||||||||||||
4
BancFirst Corporation |
|
|||||||
Summary Financial Information |
|
|||||||
(Dollars in thousands, except per share and share data - Unaudited) |
|
|||||||
|
|
|
|
|
|
|
||
|
|
Nine months ended |
|
|||||
September 30, |
|
|||||||
|
|
2026 |
|
|
2025 |
|
||
Condensed Income Statements: |
|
|
|
|
|
|
||
Net interest income |
|
$ |
397,140 |
|
|
$ |
362,820 |
|
Provision for credit losses on loans |
|
|
10,612 |
|
|
|
6,922 |
|
(Benefit from)/provision for off-balance sheet credit exposures |
|
|
(497 |
) |
|
|
489 |
|
Noninterest income: |
|
|
|
|
|
|
||
Trust revenue |
|
|
18,009 |
|
|
|
17,184 |
|
Service charges on deposits |
|
|
56,440 |
|
|
|
52,676 |
|
Securities transactions |
|
|
1,732 |
|
|
|
(581 |
) |
Sales of loans |
|
|
2,493 |
|
|
|
2,382 |
|
Insurance commissions |
|
|
25,601 |
|
|
|
27,284 |
|
Cash management |
|
|
32,421 |
|
|
|
30,962 |
|
Other |
|
|
20,030 |
|
|
|
16,901 |
|
Total noninterest income |
|
|
156,726 |
|
|
|
146,808 |
|
|
|
|
|
|
|
|
||
Noninterest expense: |
|
|
|
|
|
|
||
Salaries and employee benefits |
|
|
180,990 |
|
|
|
167,421 |
|
Occupancy expense, net |
|
|
19,278 |
|
|
|
18,224 |
|
Depreciation |
|
|
14,905 |
|
|
|
14,224 |
|
Amortization of intangible assets |
|
|
2,924 |
|
|
|
2,610 |
|
Data processing services |
|
|
9,481 |
|
|
|
8,778 |
|
Net expense from other real estate owned |
|
|
10,592 |
|
|
|
8,377 |
|
Marketing and business promotion |
|
|
7,029 |
|
|
|
6,912 |
|
Deposit insurance |
|
|
5,264 |
|
|
|
5,136 |
|
Other |
|
|
42,066 |
|
|
|
40,768 |
|
Total noninterest expense |
|
|
292,529 |
|
|
|
272,450 |
|
Income before income taxes |
|
|
251,222 |
|
|
|
229,767 |
|
Income tax expense |
|
|
54,286 |
|
|
|
48,654 |
|
Net income |
|
$ |
196,936 |
|
|
$ |
181,113 |
|
Per Common Share Data: |
|
|
|
|
|
|
||
Net income-basic |
|
$ |
5.86 |
|
|
$ |
5.44 |
|
Net income-diluted |
|
|
5.78 |
|
|
|
5.36 |
|
Cash dividends declared |
|
|
1.50 |
|
|
|
1.41 |
|
Common shares outstanding |
|
|
33,619,174 |
|
|
|
33,329,247 |
|
Average common shares outstanding - |
|
|
|
|
|
|
||
Basic |
|
|
33,585,015 |
|
|
|
33,266,315 |
|
Diluted |
|
|
34,057,527 |
|
|
|
33,812,270 |
|
Performance Ratios: |
|
|
|
|
|
|
||
Return on average assets |
|
|
1.75 |
% |
|
|
1.74 |
% |
Return on average stockholders’ equity |
|
|
13.62 |
|
|
|
14.26 |
|
Net interest margin |
|
|
3.81 |
|
|
|
3.75 |
|
Efficiency ratio |
|
|
52.82 |
|
|
|
53.46 |
|
5
|
BancFirst Corporation |
|
|
||||||||||||||||||||||
|
Consolidated Average Balance Sheets |
|
|
||||||||||||||||||||||
|
And Interest Margin Analysis |
|
|
||||||||||||||||||||||
|
Taxable Equivalent Basis |
|
|
||||||||||||||||||||||
|
(Dollars in thousands - Unaudited) |
|
|
||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Three Months Ended |
|
|
|
Nine Months Ended |
|
|
||||||||||||||||||
|
September 30, 2026 |
|
|
|
September 30, 2026 |
|
|
||||||||||||||||||
|
|
|
|
Interest |
|
|
Average |
|
|
|
|
|
|
Interest |
|
|
Average |
|
|
||||||
|
Average |
|
|
Income/ |
|
|
Yield/ |
|
|
|
Average |
|
|
Income/ |
|
|
Yield/ |
|
|
||||||
|
Balance |
|
|
Expense |
|
|
Rate |
|
|
|
Balance |
|
|
Expense |
|
|
Rate |
|
|
||||||
ASSETS |
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Earning assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Loans |
$ |
8,667,984 |
|
|
$ |
150,005 |
|
|
|
6.87 |
|
% |
|
$ |
8,610,147 |
|
|
$ |
442,335 |
|
|
|
6.87 |
|
% |
Securities – taxable |
|
1,095,827 |
|
|
|
9,007 |
|
|
|
3.26 |
|
|
|
|
999,790 |
|
|
|
22,293 |
|
|
|
2.98 |
|
|
Securities – tax exempt |
|
6,486 |
|
|
64 |
|
|
3.92 |
|
|
|
|
6,925 |
|
|
198 |
|
|
|
3.82 |
|
|
|||
Interest bearing deposits with banks and FFS |
|
4,247,434 |
|
|
|
40,003 |
|
|
|
3.74 |
|
|
|
|
4,327,537 |
|
|
|
120,127 |
|
|
|
3.71 |
|
|
Total earning assets |
|
14,017,731 |
|
|
|
199,079 |
|
|
|
5.63 |
|
|
|
|
13,944,399 |
|
|
|
584,953 |
|
|
|
5.61 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Nonearning assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Cash and due from banks |
|
208,416 |
|
|
|
|
|
|
|
|
|
|
217,024 |
|
|
|
|
|
|
|
|
||||
Interest receivable and other assets |
|
1,008,461 |
|
|
|
|
|
|
|
|
|
|
994,958 |
|
|
|
|
|
|
|
|
||||
Allowance for credit losses |
|
(106,823 |
) |
|
|
|
|
|
|
|
|
|
(105,469 |
) |
|
|
|
|
|
|
|
||||
Total nonearning assets |
|
1,110,054 |
|
|
|
|
|
|
|
|
|
|
1,106,513 |
|
|
|
|
|
|
|
|
||||
Total assets |
$ |
15,127,785 |
|
|
|
|
|
|
|
|
|
$ |
15,050,912 |
|
|
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Interest bearing liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Money market and interest-bearing checking deposits |
$ |
5,480,251 |
|
|
$ |
35,611 |
|
|
|
2.58 |
|
% |
|
$ |
5,524,357 |
|
|
$ |
105,531 |
|
|
2.55 |
|
% |
|
Savings deposits |
|
1,445,206 |
|
|
|
9,871 |
|
|
|
2.71 |
|
|
|
|
1,401,712 |
|
|
|
28,276 |
|
|
|
2.70 |
|
|
Time deposits |
|
1,798,060 |
|
|
|
16,192 |
|
|
|
3.57 |
|
|
|
|
1,811,110 |
|
|
|
49,609 |
|
|
|
3.66 |
|
|
Short-term borrowings |
|
6,007 |
|
|
|
29 |
|
|
|
1.94 |
|
|
|
|
11,600 |
|
|
|
273 |
|
|
|
3.15 |
|
|
Long-term borrowings |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
2,026 |
|
|
|
42 |
|
|
|
2.77 |
|
|
Subordinated debt |
|
86,247 |
|
|
|
1,030 |
|
|
|
4.74 |
|
|
|
|
86,233 |
|
|
|
3,091 |
|
|
|
4.79 |
|
|
Other liabilities |
|
16,769 |
|
|
|
201 |
|
|
|
4.76 |
|
|
|
|
16,747 |
|
|
|
533 |
|
|
|
4.26 |
|
|
Total interest bearing liabilities |
|
8,832,540 |
|
|
|
62,934 |
|
|
|
2.83 |
|
|
|
|
8,853,785 |
|
|
|
187,355 |
|
|
2.83 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Interest free funds: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Noninterest bearing deposits |
|
4,119,209 |
|
|
|
|
|
|
|
|
|
|
4,079,560 |
|
|
|
|
|
|
|
|
||||
Interest payable and other liabilities |
|
188,240 |
|
|
|
|
|
|
|
|
|
|
184,104 |
|
|
|
|
|
|
|
|
||||
Equity |
|
1,987,796 |
|
|
|
|
|
|
|
|
|
|
1,933,463 |
|
|
|
|
|
|
|
|
||||
Total interest free funds |
|
6,295,245 |
|
|
|
|
|
|
|
|
|
|
6,197,127 |
|
|
|
|
|
|
|
|
||||
Total liabilities and stockholders’ equity |
$ |
15,127,785 |
|
|
|
|
|
|
|
|
|
$ |
15,050,912 |
|
|
|
|
|
|
|
|
||||
Net interest income |
|
|
|
$ |
136,145 |
|
|
|
|
|
|
|
|
|
$ |
397,598 |
|
|
|
|
|
||||
Net interest spread |
|
|
|
|
|
|
|
2.80 |
|
% |
|
|
|
|
|
|
|
|
2.78 |
|
% |
||||
Effect of interest free funds |
|
|
|
|
|
|
|
1.05 |
|
% |
|
|
|
|
|
|
|
|
1.03 |
|
% |
||||
Net interest margin |
|
|
|
|
|
|
|
3.85 |
|
% |
|
|
|
|
|
|
|
3.81 |
|
% |
|||||
6