In the Q2, Bancfirst Corporation's corporate clients experienced a decline by -10.21 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 7.13 %. During the corresponding time, Bancfirst Corporation recorded a revenue increase by 8.75 % year on year, sequentially revenue grew by 3.25 %. While revenue at the Bancfirst Corporation's corporate clients fell by -5.05 % year on year, sequentially revenue grew by 12.72 %.
Customers of Bancfirst Corporation saw their costs of revenue decline by -10.21 % in Q2 compare to a year ago, sequentially costs of revenue grew by 7.13 %, for the same period Bancfirst Corporation recorded revenue increase by 8.75 % year on year, sequentially revenue grew by 3.25 %.
Bancfirst's Comment on Sales, Marketing and Customers
BancFirst provides banking services to customers and small to medium-sized businesses in non-metropolitan trade centers and metropolitan statistical areas of Oklahoma. Its commercial loan portfolio includes businesses involved in light manufacturing, local wholesale and retail trade, commercial and residential real estate development and construction, services, agriculture, and the energy sector. The bank offers retail and commercial banking services such as commercial, real estate, energy, agricultural, and consumer lending; depository and funds transfer services; collections; safe deposit boxes; cash management; and trust services. It also delivers item processing, research, and correspondent banking services to financial institutions and governmental units. Consumer lending products include automobile financing, home equity loans, and other personal loans. Residential lending primarily consists of home loans in non-metropolitan areas. Deposit products include checking accounts, NOW accounts, savings accounts, money market accounts, Health Savings Accounts, Coverdell Education Accounts, individual retirement accounts, and certificates of deposit. Trust services encompass investment management and administration of trusts for individuals, corporations, and employee benefit plans, as well as serving as bond trustee and paying agent for Oklahoma municipalities and governmental entities. BancFirst also offers insurance services covering business and personal insurance, employee benefits, surety bonds, and claims and risk management.
Bancfirst’s Comment on Sales, Marketing and Customers
BancFirst provides banking services to customers and small to medium-sized businesses in non-metropolitan trade centers and metropolitan statistical areas of Oklahoma. Its commercial loan portfolio includes businesses involved in light manufacturing, local wholesale and retail trade, commercial and residential real estate development and construction, services, agriculture, and the energy sector. The bank offers retail and commercial banking services such as commercial, real estate, energy, agricultural, and consumer lending; depository and funds transfer services; collections; safe deposit boxes; cash management; and trust services. It also delivers item processing, research, and correspondent banking services to financial institutions and governmental units. Consumer lending products include automobile financing, home equity loans, and other personal loans. Residential lending primarily consists of home loans in non-metropolitan areas. Deposit products include checking accounts, NOW accounts, savings accounts, money market accounts, Health Savings Accounts, Coverdell Education Accounts, individual retirement accounts, and certificates of deposit. Trust services encompass investment management and administration of trusts for individuals, corporations, and employee benefit plans, as well as serving as bond trustee and paying agent for Oklahoma municipalities and governmental entities. BancFirst also offers insurance services covering business and personal insurance, employee benefits, surety bonds, and claims and risk management.
Sources:
Bancfirst Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Bancfirst Corporation’s corporate clients.
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