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Bancfirst Corporation  (BANF)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $105.6600 $-1.86 -1.730%
Day's High: $108.74 Week Perf: 5.8 %
Day's Low: $ 105.48 30 Day Perf: 24 %
Volume (M): 137 52 Wk High: $ 108.74
Volume (M$): $ 14,495 52 Wk Avg: $89.44
Open: $106.97 52 Wk Low: $79.99



 Market Capitalization (Millions $) 3,544
 Shares Outstanding (Millions) 34
 Employees 1,744
 Revenues (TTM) (Millions $) 607
 Net Income (TTM) (Millions $) 221
 Cash Flow (TTM) (Millions $) -997
 Capital Exp. (TTM) (Millions $) 22

Bancfirst Corporation

The Company was incorporated as United Community Corporation in July 1984 for the purpose of becoming a bank holding company. In June 1985, it merged with seven Oklahoma bank holding companies that had operated under common ownership and the Company has conducted business as a bank holding company since that time. Over the next several years the Company acquired additional banks and bank holding companies, and in November 1988 the Company changed its name to BancFirst Corporation. Effective April 1, 1989, the Company consolidated its 12 subsidiary banks and formed BancFirst. Over the intervening decades, the Company has continued to expand through acquisitions and de-novo branches. The Company currently has 99 banking locations serving 53 communities throughout Oklahoma.

The Company’s strategy focuses on providing a full range of commercial banking services to retail customers and small to medium-sized businesses in both the non-metropolitan trade centers and cities in the metropolitan statistical areas of Oklahoma. The Company operates as a “super community bank”, managing its community banking offices on a decentralized basis, which permits them to be responsive to local customer needs. Underwriting, funding, customer service and pricing decisions are made by presidents in each market within the Company’s strategic parameters. At the same time, the Company generally has a larger lending capacity, broader product line and greater operational scale than its principal competitors in the non-metropolitan market areas (which typically are independently-owned community banks). In the metropolitan markets served by the Company, the Company’s strategy is to focus on the needs of local businesses that seek more responsive services than are available at larger institutions.


The Bank maintains a strong community orientation by, among other things, selecting members of the communities in which the Bank’s branches operate to local consulting boards that assist in marketing and providing feedback on the Bank’s products and services to meet customer needs. As a result of the development of broad banking relationships with its customers and community branch network, the Bank’s lending and investing activities are funded almost entirely by core deposits.
The Bank centralizes virtually all of its processing, support and investment functions in order to achieve consistency and operational efficiencies. The Bank maintains centralized control functions such as operations support, bookkeeping, accounting, loan review, compliance and internal auditing to ensure effective risk management. The Bank also provides centrally certain specialized financial services that require unique expertise.


The Bank provides a wide range of retail and commercial banking services, including: commercial, real estate, agricultural and consumer lending; depository and funds transfer services; collections; safe deposit boxes; cash management services; trust services; retail brokerage services; and other services tailored for both individual and corporate customers. Through its Technology and Operations Center, the Bank provides item processing, research and other correspondent banking services to financial institutions and governmental units.


The Bank’s primary lending activity is the financing of business and industry in its market areas. Its commercial loan customers are generally small to medium-sized businesses engaged in light manufacturing, local wholesale and retail trade, commercial and residential real estate development and construction, services, agriculture and the energy industry. Most forms of commercial lending are offered, including commercial mortgages, other forms of asset-based financing and working capital lines of credit. In addition, the Bank offers Small Business Administration (“SBA”) guaranteed loans through BancFirst Commercial Capital, a division established in 1991.
Consumer lending activities of the Bank consist of traditional forms of financing for automobiles, home equity loans and other personal loans. Residential loans consist primarily of home loans in non-metropolitan areas which are generally shorter in duration than typical mortgages and reprice within five years.


The Bank’s range of deposit services include checking accounts, Negotiable Order of Withdrawal (“NOW”) accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts and certificates of deposit. Overdraft protection and auto draft services are also offered. Deposits of the Bank are insured by the Deposit Insurance Fund administered by the Federal Deposit Insurance Corporation (“FDIC”).


Trust services offered through the Bank’s Trust and Investment Management Division (the “Trust Division”) consist primarily of investment management and administration of trusts for individuals, corporations and employee benefit plans. Investment options include pooled equity and fixed income funds managed by the Trust Division and advised by nationally recognized investment management firms. In addition, the Trust Division serves as bond trustee and paying agent for various Oklahoma municipalities and governmental entities.



   Company Address: 100 N. Broadway Ave. Oklahoma City 73102 OK
   Company Phone Number: 270-1086   Stock Exchange / Ticker: NASDAQ BANF
   


Customers Net Income fell by BANF's Customers Net Profit Margin fell to

-6.33 %

17.2 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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Bancfirst Corporation

Bancfirst Corporation Maintains Steady Progress with Minimal Market Disruptions throughout the July-September 30, 2023 Fiscal Period

Bancfirst Corporation, a prominent commercial bank, recently announced disappointing earnings for the financial period closing on September 30, 2023. The company's earnings per share (EPS) deteriorated by 7.88%, dropping from $1.65 to $1.52. Additionally, its revenue witnessed a decrease of 0.658% to $146.45 million, compared to $151.08 million in the same period of the previous year.
These results are in contrast to the overall performance of the commercial banks sector, which experienced a remarkable 7.83% growth in the third quarter of 2023 compared to the same period in the previous year. This discrepancy reveals that Bancfirst Corporation's performance did not align with the industry trend.

Bancfirst Corporation

Bancfirst Corporation Stuns with Double-Digit Revenue Ascend and Profitability Spike in Fiscal Year 2023!

Bancfirst Corporation, a leading financial institution, has recently reported impressive financial results for the fiscal span ending June 30, 2023. The company witnessed a significant increase in both revenue and profitability during this period.
In terms of revenue, Bancfirst Corporation recorded a growth of 17.146%, reaching $151.08 million. This is a remarkable achievement compared to the prior year period. However, it is worth mentioning that there was a slight decrease of -2.319% in revenue when compared to the previous financial reporting period, where the company generated $154.66 million.

Bancfirst Corporation

Bancfirst Corporation Reports Record-Breaking Q1 2023 Revenue Surge and Profitability Leap

Financial news report: Bancfirst's Q1 2023 Revenue Increase and profitability jump
Bancfirst has reported a revenue increase of 33.08% in the first quarter of 2023, year on year to cumulative value of $586 million. This marks a new company high as revenue per employee has grown on trailing twelve months basis to $335,886. Bancfirst has 1,744 employees. However, among the companies peers within the Financial sector, employees of 359 other companies have achieved higher revenue per employee. Meanwhile, Bancfirst's overall ranking has deteriorated compared to the fourth quarter of 2022, from 719 to 1321.
BANFs' fiscal first quarter of 2023 profitability jumped by 59.26 % to $1.72 per share relative to a year ago on growing Revenue of 33.076 % to $154.66 million. In the prior quarter BANF realized Revenue of $154.74 million and $1.69 per share. Bottom-line of $57.533 million in the fiscal first quarter of 2023 increased by 60.19 % from net earnings of $35.915 million reported in the fiscal first quarter of 2023 a year ago.






 

Bancfirst's Segments
 
 
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