BancFirst reports Q1 EPS $1.67, consensus $1.58

Nonaccrual loans totaled $56.4M, representing 0.70% of total loans at March 31, down slightly from 0.72% at year-end 2024. BancFirst (BANF) CEO David Harlow commented, “The Company continues to perform fundamentally well; however, the current bond and equity market volatility presents a unique backdrop. The ultimate impact on our region’s economy, our customers and, thus, credit quality remains to be seen. We are cautious in our outlook for the remainder of the year with the likelihood of an economic slowdown increasing and, as a result, our reserve for credit losses as a percentage of loans is unchanged from year-end 2024.”