BancFirst (BANF) AI Stock Analysis

• Market Cap: $3.99B
• Dividend Yield: 1.53%
• Average Volume (3M): 80.32K
• Price to Earnings (P/E): 18.2
• Beta (1Y): 0.87
• Revenue Growth: 2.59%
• EPS Growth: 7.66%
• Country: US
• Employees: 2,135
• Sector: Financial
• Sector Strength: 73
• Industry: Banks - Regional
• EPS (TTM): 1.67
• Shares Outstanding: 33,242,813
• 10 Day Avg. Volume: 77,332
• 30 Day Avg. Volume: 80,322
• PEG Ratio: 1.00
• Price to Book (P/B): 2.31
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 14.00
• Enterprise Value/Market Cap: -0.05
• Enterprise Value/Revenue: -0.07
• Enterprise Value/Gross Profit: -0.30
• Enterprise Value/Ebitda: -0.17
• 1Y Price Target: $121.50
• Price Target Upside: 1.33% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 69 Neutral
• Price Target: ―

BancFirst's overall stock score reflects its strong financial performance marked by robust profitability and cash flow management. Despite technical indicators signaling potential caution and a fair valuation, the company's debt-free balance sheet and effective operations position it well for future growth. Investors should consider both the financial strengths and mixed technical signals when evaluating the stock.

BancFirst Business Overview & Revenue Model

Company Description

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. It operates through Metropolitan Banks, Community Banks, Pegasus Bank, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services. It also provides commercial, financial, and other loans for working capital, facilities acquisition or expansion, purchase of equipment, and other needs; lending services that include private banking, energy, commercial and residential real estate, and commercial and industrial loans; and loans to finance purchases of consumer goods, such as automobiles, boats, household goods, vacations, and education. In addition, the company engages in the investment management and administration of trusts for individuals, corporations, and employee benefit plans, as well as bond trustee and paying agent business for various Oklahoma municipalities and governmental entities; and provision of item processing, research, and other correspondent banking services. Further, it is involved in real estate investment and insurance agency services; and providing funds transfer, collection, safe deposit box, cash management, and other services. The company serves customers in non-metropolitan trade centers and cities in the metropolitan statistical areas of Oklahoma. It operates through 108 banking locations in Oklahoma and 3 banking locations in Dallas, Texas. The company was formerly known as United Community Corporation and changed its name to BancFirst Corporation in November 1988. BancFirst Corporation was incorporated in 1984 and is headquartered in Oklahoma City, 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
224.55M	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: Neutral
• Last Price: 119.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BANF, the sentiment is Neutral. The current price of 119.9 is below the 20-day moving average (MA) of 124.21, above the 50-day MA of 118.73, and above the 200-day MA of 115.15, indicating a neutral trend. The MACD of 0.33 indicates Positive momentum. The RSI at 43.60 is Neutral, neither overbought nor oversold. The STOCH value of 38.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BANF.

BancFirst Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AX	80 Outperform	$3.95B	9.54	17.80%	―	15.93%	0.17%
AUB	75 Outperform	$4.38B	14.08	7.30%	4.42%	26.09%	-19.05%
ABCB	70 Neutral	$4.18B	11.26	10.19%	1.32%	7.16%	31.69%
BANF	69 Neutral	$3.99B	18.18	14.14%	1.53%	2.59%	7.66%
TFSL	67 Neutral	$3.57B	44.25	4.22%	8.90%	8.99%	3.89%
ASB	67 Neutral	$3.78B	26.79	3.23%	4.03%	0.21%	-12.02%
Sector *	64 Neutral	$12.77B	9.71	7.85%	78.05%	12.07%	-7.97%

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.