BancFirst Corporation Reports Strong Q1 2025 Earnings

BancFirst Corporation ( (BANF) ) has released its Q1 earnings. Here is a breakdown of the information BancFirst Corporation presented to its investors.

BancFirst Corporation is a financial services holding company based in Oklahoma, operating multiple subsidiary banks across Oklahoma and Texas, providing a range of banking services to communities in these regions.

In its latest earnings report for the first quarter of 2025, BancFirst Corporation announced a net income of $56.1 million, or $1.67 per diluted share, marking an increase from the previous year’s first quarter results. The company highlighted growth in net interest income and noninterest income, driven by higher loan volumes and increased trust revenue, treasury income, and insurance commissions.

Key financial metrics from the report indicate that BancFirst’s net interest income rose to $115.9 million, supported by a stable net interest margin of 3.70%. The provision for credit losses decreased significantly to $1.6 million from $4.0 million in the previous year, reflecting improved credit conditions. Noninterest expenses increased to $92.2 million, influenced by costs related to equity investments and higher employee benefits.

BancFirst’s total assets grew to $14.0 billion, with loans and deposits also showing substantial increases. The company’s asset quality remained stable, with nonaccrual loans slightly decreasing as a percentage of total loans. Despite market volatility, BancFirst’s management expressed cautious optimism, noting potential economic challenges ahead but maintaining a steady reserve for credit losses.

Looking forward, BancFirst Corporation remains focused on navigating the economic landscape with a cautious outlook, as management anticipates potential slowdowns but continues to emphasize strong fundamental performance.