BancFirst (BANF) AI Stock Analysis

• Market Cap: $3.60B
• Dividend Yield: 1.58%
• Average Volume (3M): 114.33K
• Price to Earnings (P/E): 17.5
• Beta (1Y): 0.90
• Revenue Growth: -10.56%
• EPS Growth: 1.40%
• Country: US
• Employees: 2,109
• Sector: Financial
• Sector Strength: 93
• Industry: Banking
• EPS (TTM): 6.44
• Shares Outstanding: 33,228,203
• 10 Day Avg. Volume: 108,034
• 30 Day Avg. Volume: 114,328
• PEG Ratio: 12.55
• Price to Book (P/B): N/A
• Price to Sales (P/S): 5.95
• Price to Cash Flow (P/CF): 54.70
• P/FCF Ratio: 12.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $126.00
• Price Target Upside: 16.36% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

BancFirst's strong financial performance, characterized by impressive profitability, efficient cash flow management, and a debt-free balance sheet, forms the backbone of its solid stock score. While technical indicators suggest moderate momentum, the stock's valuation appears reasonable, providing a balanced investment opportunity. The absence of significant guidance or sentiment from recent earnings calls and corporate events keeps the focus on the company's financial fundamentals.

BancFirst Business Overview & Revenue Model

Company Description

BancFirst Corporation (BANF) is a financial holding company based in Oklahoma City, Oklahoma. It operates primarily through its subsidiary, BancFirst, which is a state-chartered bank. The company provides a comprehensive range of financial services, including commercial and retail banking, investment management, trust services, and wealth management. BancFirst serves a diverse customer base, including individuals, small businesses, and corporate clients, through a network of banking locations primarily situated in Oklahoma.

How the Company Makes Money

BancFirst makes money primarily through interest income generated from its lending activities. This includes loans to individuals, small and medium-sized enterprises, and large corporations, with interest collected on these loans forming a significant portion of its revenue. In addition to interest income, BancFirst earns revenue from fees and service charges associated with various banking services, such as account maintenance fees, transaction fees, and fees for investment and trust services. The bank also benefits from its investment portfolio, which contributes to interest and dividend income. BancFirst's strategic focus on expanding its footprint within Oklahoma and maintaining strong customer relationships aids in sustaining and growing its revenue streams. Significant partnerships with local businesses and participation in community development initiatives further enhance its market presence and profitability.

BancFirst Financial Statement Overview

Summary

BancFirst demonstrates strong financial health with excellent profitability, efficient operations, and robust cash flow management. The company benefits from a debt-free balance sheet, mitigating financial risk. Despite a slightly low equity ratio, BancFirst's financial position is stable. Continued revenue growth and effective cash flow management position the company well for future growth.

Income Statement

BancFirst exhibits strong profitability with a consistently high gross profit margin at 100%, reflecting efficient cost management. The net profit margin rose slightly to 29.89% in 2024 from 34.05% in 2023, indicating robust profitability. Revenue growth rate was impressive at 16.06% from 2023 to 2024, showing a positive growth trajectory. The EBIT margin significantly increased to 98.71% in 2024, showcasing operational efficiency. However, despite these strengths, the lack of EBITDA data for 2024 is a minor limitation.

Balance Sheet

The balance sheet of BancFirst is solid with a debt-free position, eliminating leverage risks. The equity ratio stands at 11.96% for 2024, indicating a stable capital structure. Return on Equity (ROE) is strong at 13.35%, signifying effective utilization of equity. Despite these positives, the relatively low equity ratio suggests a heavy reliance on liabilities, which could pose a risk if not managed carefully.

Cash Flow

BancFirst shows a healthy cash flow with a free cash flow growth rate of 24.06% from 2023 to 2024, indicating improved cash generation. The operating cash flow to net income ratio is 1.21, highlighting efficient cash conversion. Additionally, the free cash flow to net income ratio is 1.21, further supporting strong cash flow management. However, the absence of capital expenditures in 2024 may raise concerns about long-term growth investments.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
724.14M	623.94M	557.42M	485.69M	443.89M
	Gross Profit
724.14M	623.94M	557.42M	485.69M	443.89M
	EBIT
714.75M	269.95M	237.43M	208.40M	123.51M
	EBITDA
0.00	292.14M	259.48M	228.44M	141.94M
	Net Income Common Stockholders
216.35M	212.47M	193.10M	167.63M	99.59M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.45B	2.40B	4.71B	2.58B	2.17B
	Total Assets
13.55B	12.37B	12.39B	9.41B	9.21B
	Total Debt
86.16M	86.10M	86.04M	85.99M	26.80M
	Net Debt
-237.84M	-2.31B	-3.08B	-1.96B	-1.59B
	Total Liabilities
11.93B	10.94B	11.14B	8.23B	8.14B
	Stockholders Equity
1.62B	1.43B	1.25B	1.17B	1.07B
Cash Flow		Free Cash Flow
261.20M	210.54M	206.49M	162.54M	87.89M
	Operating Cash Flow
261.20M	233.04M	226.27M	189.79M	154.34M
	Investing Cash Flow
-71.39M	-669.71M	-1.52B	437.03M	-897.99M
	Financing Cash Flow
966.50M	-334.79M	2.41B	-193.71M	492.28M

BancFirst Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 108.28
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BANF, the sentiment is Negative. The current price of 108.28 is below the 20-day moving average (MA) of 117.26, below the 50-day MA of 117.93, and above the 200-day MA of 107.47, indicating a neutral trend. The MACD of -1.88 indicates Positive momentum. The RSI at 30.02 is Neutral, neither overbought nor oversold. The STOCH value of 11.82 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BANF.

BancFirst Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CFR	76 Outperform	$8.14B	14.57	15.13%	2.92%	7.81%	-2.49%
FNB	74 Outperform	$4.73B	10.86	7.53%	3.49%	15.52%	-3.89%
BANF	73 Outperform	$3.60B	17.52	14.16%	1.58%	-10.56%	1.40%
SFNC	65 Neutral	$2.51B	16.98	4.39%	4.08%	6.84%	-12.38%
Sector *	64 Neutral	$14.34B	10.61	9.28%	4.07%	18.04%	-9.54%
FULT	62 Neutral	$3.18B	11.71	9.69%	3.75%	21.10%	-4.20%
WAL	60 Neutral	$8.02B	10.90	12.32%	1.94%	13.60%	8.85%

BancFirst Corporate Events

BancFirst Announces Quarterly Dividend and Interest Payment

On February 27, 2025, BancFirst Corporation announced a quarterly cash dividend of $0.46 per share on its common stock, payable on April 15, 2025, to shareholders recorded by March 31, 2025. Additionally, BancFirst will pay interest on its Junior Subordinated Debentures, resulting in a $0.45 per share dividend on trust preferred securities, also payable on April 15, 2025, to shareholders recorded by March 31, 2025.