# BancFirst Corporation (BANF) NASDAQ Q2 2025 Earnings Report
**Release Date: July 17, 2025**
BancFirst Corporation (NASDAQ GS: BANF) has reported its second quarter earnings for 2025, showcasing significant financial growth compared to the same quarter in 2024.
### Key Financial Highlights:
– **Net Income**:
– $62.3 million, or $1.85 per diluted share, for Q2 2025.
– Up **23.4%** from $50.6 million, or $1.51 per diluted share, in Q2 2024.
– **Net Interest Income**:
– Increased to $121.3 million in Q2 2025.
– Up **10.5%** from $109.9 million in Q2 2024.
– **Net Interest Margin**: 3.75% in Q2 2025, down slightly from 3.76% in Q2 2024.
– **Provision for Credit Losses**:
– $1.2 million for Q2 2025, down significantly by **64.7%** from $3.4 million in Q2 2024.
– **Noninterest Income**:
– Totaled $48.0 million, an increase of **9.4%** from $43.9 million in Q2 2024.
– This included increases across various segments such as trust revenue, treasury income, insurance commissions, and sweep fees.
– **Noninterest Expense**:
– Grew to $88.2 million in Q2 2025, a rise of **3.6%** from $85.3 million in Q2 2024.
– Increased primarily due to growth in salaries and employee benefits ($3.2 million), occupancy expense ($804,000), and net expense from other real estate owned ($1.3 million).
– **Assets**:
– Total assets at $14.0 billion, an increase of **3.6%** or $491.5 million from the end of 2024.
– **Loans**:
– Grew by $91.3 million from the end of 2024, totaling $8.1 billion.
– **Deposits**:
– Total deposits increased by $337.6 million from year-end 2024, reaching $12.1 billion.
– Sweep accounts rose by $66.8 million to $5.3 billion.
– **Stockholders’ Equity**:
– Total stockholders’ equity was $1.7 billion, up **6.6%** from the end of 2024.
– **Nonaccrual Loans**:
– Totaled $49.9 million, representing **0.61%** of total loans, down from **0.72%** at year-end 2024.
– **Allowance for Credit Losses**:
– As a percentage of total loans, it was **1.19%**, down from 1.24% at December 31, 2024.
– **Net Charge-offs**:
– Recorded at $4.7 million for the quarter, compared to $999,000 in the second quarter last year.
### Dividends and Share Repurchase:
– **Cash Dividends Declared**:
– $0.46 per share for Q2 2025, unchanged from Q1 2025, and up from $0.43 in Q2 2024.
Additionally, the company has mentioned an anticipated closing of the acquisition of American Bank of Oklahoma in the third quarter of 2025, which will extend its market presence within Oklahoma.
### Performance Ratios:
– **Return on Average Assets**: 1.79% in Q2 2025, up from 1.61% in Q2 2024.
– **Return on Average Stockholders’ Equity**: 14.74% in Q2 2025, an increase from 13.72% in Q2 2024.
– **Efficiency Ratio**: 52.10% for Q2 2025, improved from 55.46% in Q2 2024.
### Summary:
BancFirst Corporation has demonstrated significant year-over-year improvement in its financial performance for Q2 2025. Key metrics indicate robust growth in net income, net interest income, and improved efficiency ratios, despite slight increases in noninterest expenses and net charge-offs. The company remains well-positioned in the financial market with a healthy balance sheet, supported by a strong capital base and positive income trends.
| 2025 | 2025 | 2024 | 2024 | 2024 | |
|---|---|---|---|---|---|
| 2nd Qtr | 1st Qtr | 4th Qtr | 3rd Qtr | 2nd Qtr | |
| Net interest income | $121,256 | $115,949 | $115,917 | $114,957 | $109,896 |
| Provision for credit losses on loans | 1,239 | 1,461 | (1,400) | 3,031 | 3,358 |
| Provision for off-balance sheet | 148 | 125 | – | – | – |
| credit exposures | |||||
| Noninterest income: | |||||
| Trust revenue | 5,795 | 5,539 | 5,551 | 5,672 | 5,490 |
| Service charges on deposits | 17,741 | 16,804 | 18,133 | 17,723 | 17,280 |
| Securities transactions | (740) | (333) | 355 | (308) | 317 |
| Sales of loans | 830 | 636 | 731 | 721 | 733 |
| Insurance commissions | 7,920 | 10,410 | 7,914 | 9,391 | 6,668 |
| Cash management | 10,573 | 10,051 | 9,221 | 9,189 | 9,149 |
| Other | 5,929 | 5,787 | 5,114 | 6,324 | 4,307 |
| Total noninterest income | 48,048 | 48,894 | 47,019 | 48,712 | 43,944 |
| Noninterest expense: | |||||
| Salaries and employee benefits | 55,147 | 54,593 | 54,327 | 54,215 | 51,928 |
| Occupancy expense, net | 6,037 | 5,753 | 5,977 | 5,776 | 5,233 |
| Depreciation | 4,691 | 4,808 | 4,593 | 4,482 | 4,504 |
| Amortization of intangible assets | 862 | 886 | 887 | 886 | 887 |
| Data processing services | 2,985 | 2,892 | 2,726 | 2,720 | 2,696 |
| Net expense from other real estate owned | 2,941 | 2,658 | 6,446 | 2,751 | 1,656 |
| Marketing and business promotion | 2,325 | 2,461 | 2,719 | 2,168 | 2,246 |
| Deposit insurance | 1,675 | 1,725 | 1,653 | 1,645 | 1,614 |
| Other | 11,536 | 16,403 | 13,007 | 12,091 | 14,552 |
| Total noninterest expense | 88,199 | 92,179 | 92,335 | 86,734 | 85,316 |
| Income before income taxes | 79,718 | 71,078 | 72,001 | 73,904 | 65,166 |
| Income tax expense | 17,371 | 14,966 | 15,525 | 15,001 | 14,525 |
| Net income | $62,347 | $56,112 | $56,476 | $58,903 | $50,641 |
| Per Common Share Data: | |||||
| Net income-basic | $1.87 | $1.69 | $1.71 | $1.78 | $1.53 |
| Net income-diluted | 1.85 | 1.66 | 1.68 | 1.75 | 1.51 |
| Cash dividends declared | 0.46 | 0.46 | 0.46 | 0.46 | 0.43 |
| Common shares outstanding | 33,272,131 | 33,241,564 | 33,216,519 | 33,122,689 | 33,022,124 |
| Average common shares | |||||
| outstanding – | |||||
| Basic | 33,255,015 | 33,232,788 | 33,172,530 | 33,097,164 | 33,001,180 |
| Diluted | 33,795,243 | 33,768,873 | 33,750,993 | 33,646,549 | 33,525,061 |
| Performance Ratios: | |||||
| Return on average assets | 1.79% | 1.66% | 1.67% | 1.80% | 1.61% |
| Return on average stockholders’ equity | 14.74 | 13.85 | 14.04 | 15.14 | 13.72 |
| Net interest margin | 3.75 | 3.70 | 3.68 | 3.78 | 3.76 |
| Efficiency ratio | 52.10 | 55.92 | 56.67 | 52.99 | 55.46 |
| 2025 | 2025 | 2024 |
|---|
