BancFirst (BANF) AI Stock Analysis

• Market Cap: $3.72B
• Dividend Yield: 1.7%
• Average Volume (3M): 108.19K
• Price to Earnings (P/E): 15.7
• Beta (1Y): 0.76
• Revenue Growth: 6.55%
• EPS Growth: 12.94%
• Country: US
• Employees: 2,135
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 1.75
• Shares Outstanding: 33,334,170
• 10 Day Avg. Volume: 107,408
• 30 Day Avg. Volume: 108,190
• PEG Ratio: 1.44
• Price to Book (P/B): 0.59
• Price to Sales (P/S): 4.30
• P/FCF Ratio: 12.42
• Enterprise Value/Market Cap: -0.17
• Enterprise Value/Revenue: -0.78
• Enterprise Value/Gross Profit: -0.94
• Enterprise Value/Ebitda: -1.98
• 1Y Price Target: $123.67
• Price Target Upside: 6.99% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 3
• EPS Forecast (FY): 7.02
• Revenue Forecast (FY): $709.20M

• Rating: 65 Neutral
• Price Target: $124.00 ▲(7.28% Upside)
• Action: Reiterated Date: 02/28/26
• Date: Action: Reiterated 02/28/26

The score is primarily supported by strong profitability and a very low-debt balance sheet, but is held back by the reported zero TTM operating/free cash flow (a significant quality concern) and a modest TTM revenue decline. Technicals and valuation are generally neutral, with corporate events providing a small positive boost.

Positive Factors

Profitability

Sustained high margins indicate robust core banking profitability versus peers, enabling internal capital generation and resilience to credit cycles. Over 2–6 months this supports the bank’s ability to absorb loan losses, fund operations, and maintain shareholder distributions despite top-line softness.

Conservative Balance Sheet

Exceptionally low leverage provides strong solvency and funding flexibility, reducing rollover and interest-rate risks. This durable strength supports lending capacity, regulatory resilience and the ability to sustain capital returns or weather regional loan stress over the coming months.

Capital Return & Leadership Continuity

Ongoing quarterly dividends signal disciplined capital allocation and a shareholder-friendly policy; appointment of an experienced principal accounting officer improves financial governance and continuity. Both factors support stable policy and investor confidence over the medium term.

Negative Factors

Cash Flow Quality

Zero reported operating and free cash flow is a major durability concern: it implies weak cash conversion of earnings or reporting irregularities. If persistent, this constrains lending growth, capital returns, and the bank’s ability to self-fund investments or absorb future credit losses.

Revenue Decline

A reversal from prior growth to a ~6% TTM revenue decline signals structural pressure on loan demand or fee income. Sustained top-line weakness will erode operating leverage and could compress long-term earnings power even if margins remain elevated in the near term.

Moderating Return on Equity

ROE falling to ~8.6% reduces capital efficiency and investor returns relative to historic levels. If this moderation persists, it limits dividend growth potential and suggests the bank is generating lower returns on its equity base, impacting long-term shareholder value creation.

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 generates revenue primarily through net interest income and non-interest income. The main revenue stream comes from lending activities, where the bank earns interest on loans provided to customers, including commercial loans, consumer loans, and mortgages. Additionally, BancFirst collects fees from various banking services, such as account maintenance fees, transaction fees, and service charges. The bank also earns income from investment securities and other financial products offered to customers. Significant partnerships with local businesses and community organizations help drive customer acquisition and enhance service offerings, contributing positively to its earnings.

BancFirst Financial Statement Overview

Summary

Strong profitability (TTM net margin ~29%, EBIT margin ~37%) and an exceptionally conservative balance sheet (TTM debt-to-equity ~0.2%) support resilience. Offsetting these strengths are a TTM revenue decline (~6%) and a major red flag in cash flow quality, with TTM operating cash flow and free cash flow reported as zero versus strong positive levels in 2024.

Income Statement

BANF shows strong profitability for a regional bank, with TTM (Trailing-Twelve-Months) net margin of ~29% and EBIT margin of ~37%, both higher than 2024 levels. Revenue momentum, however, has weakened: after growth in 2021–2024, TTM revenue declined ~6%, which softens the otherwise solid earnings profile. Overall, profitability is a clear strength, while the near-term top-line slowdown is the main offset.

Balance Sheet

Leverage appears very conservative in the latest period, with TTM (Trailing-Twelve-Months) debt-to-equity near zero (~0.2%) versus ~5–7% in prior years, signaling strong balance-sheet flexibility. Returns on equity remain healthy but have moderated in TTM (~8.6%) versus the low-to-mid teens in 2021–2024, suggesting reduced efficiency or a larger equity base. Net-net: very strong solvency and cushion, with some recent pressure on shareholder returns.

Cash Flow

Cash flow quality is mixed due to the latest data: TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are reported as zero, which drives an apparent collapse versus 2024’s positive operating cash flow (~$261M) and strong free cash flow (~$225M), and implies weak cash conversion relative to net income in the most recent period. In 2021–2024, free cash flow consistently covered most of earnings, so the TTM reading looks like a sharp deterioration (or a reporting anomaly), but based on the provided numbers it is a meaningful red flag.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	824.33M	908.71M	809.34M	603.57M	497.05M
Gross Profit	683.43M	622.45M	602.41M	547.34M	494.38M
EBITDA	325.92M	296.96M	292.14M	259.48M	228.44M
Net Income	240.61M	216.35M	212.47M	193.10M	167.63M
Balance Sheet
Total Assets	14.71B	13.55B	12.37B	12.39B	9.41B
Cash, Cash Equivalents and Short-Term Investments	4.32B	3.88B	3.95B	4.71B	2.58B
Total Debt	13.33M	86.16M	89.45M	86.34M	85.99M
Total Liabilities	8.67B	11.93B	10.94B	11.14B	8.23B
Stockholders Equity	6.04B	1.62B	1.43B	1.25B	1.17B
Cash Flow
Free Cash Flow	285.28M	224.55M	210.54M	206.49M	176.68M
Operating Cash Flow	285.28M	261.20M	233.04M	226.27M	203.93M
Investing Cash Flow	15.54M	-71.39M	-669.71M	-1.52B	422.88M
Financing Cash Flow	549.77M	966.50M	-334.79M	2.41B	-193.71M

BancFirst Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 115.59
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• 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 Positive. The current price of 115.59 is above the 20-day moving average (MA) of 115.19, above the 50-day MA of 112.39, and below the 200-day MA of 119.76, indicating a neutral trend. The MACD of 0.54 indicates Positive momentum. The RSI at 52.99 is Neutral, neither overbought nor oversold. The STOCH value of 39.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BANF.

BancFirst Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IBOC	80 Outperform	$4.28B	10.20	14.31%	2.03%	0.99%	4.94%
UCB	78 Outperform	$3.96B	12.63	9.23%	3.02%	5.63%	65.11%
SFBS	75 Outperform	$4.57B	16.54	15.24%	1.82%	3.97%	24.91%
ASB	74 Outperform	$4.52B	9.84	3.78%	3.51%	-1.44%	-21.65%
TCBI	71 Outperform	$4.27B	14.64	9.44%	―	5.19%	3454.95%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BANF	65 Neutral	$3.72B	15.69	13.85%	1.70%	6.55%	12.94%

BancFirst Corporate Events

BancFirst Announces New Accounting Officer and Dividends

BancFirst Corporation has appointed Hannah Andrus as its new principal accounting officer, effective March 1, 2026, following the retirement of longtime principal accounting officer Randy Foraker on February 27, 2026. Andrus, who joined the company in 2024, brings prior experience as an assurance senior manager at Ernst & Young and holds advanced accounting credentials, signaling continuity and depth in the bank’s financial leadership.

On February 27, 2026, the board also declared a quarterly cash dividend of $0.49 per share on BancFirst’s common stock, payable April 15, 2026, to shareholders of record as of March 31, 2026. In addition, BancFirst will fund the quarterly interest on its junior subordinated debentures tied to BFC Capital Trust II, enabling a $0.45 per share dividend on the trust preferred securities on the same April 15, 2026 payment date, underscoring the company’s ongoing capital return to investors.

The most recent analyst rating on (BANF) stock is a Buy with a $122.00 price target. To see the full list of analyst forecasts on BancFirst stock, see the BANF Stock Forecast page.