Bancfirst

BANF · Nasdaq · Financials · Financials, fiscal 2016 to 2025

BANF · Last close · November 6, 2026

$115.20

Bancfirst's revenue rose 9.4% to $691 million in fiscal 2025. Net income was $241 million, up 11.2%. Its return on equity was 13.8%, down from 14.2% a year earlier. Its efficiency ratio was 55.0%, about the same as 55.0% a year earlier. It paid out $62 million in dividends and buybacks. The diluted share count rose 0.7%.

BancFirst Corporation Latest fiscal year ended December 31, 2025 10-K filed February 26, 2026 · 0001193125-26-075954 Updated November 7, 2026

Revenue

$691M

9.4%

Net income

$241M

11.2%

Return on equity

13.8%

0.3 pts

Return on tangible equity

15.5%

0.6 pts

Efficiency ratio

55.0%

0.0 pts

Market cap

$3.9B

Nov 6 close

P/E

15.3x

On $7.53 EPS, 4 qtrs

Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

What Bancfirst does

BancFirst is a financial holding company based in Oklahoma City. It does most of its business through BancFirst, an Oklahoma state-chartered bank, and also owns two Texas banks, Pegasus Bank in Dallas and Worthington Bank in Arlington. It also owns an insurance agency.

BancFirst has 109 banking locations in 62 communities across Oklahoma, while the Texas banks have a handful of locations in the Dallas and Fort Worth areas. It serves individuals and small to medium-sized businesses in smaller trade centers and in cities, and it describes its approach as a community bank, with local advisory boards for its branches. Its lending and investing is funded almost entirely by core deposits.

It offers commercial, real estate, energy, agricultural and consumer loans, deposit and funds transfer services, cash management, trust services and safe deposit boxes. It also provides item processing and other services to other financial institutions and government bodies. Its main lending is to businesses such as light manufacturers, local wholesalers and retailers, real estate developers, agriculture and the energy industry. It grew by buying more than 40 banks over the decades.

Its biggest risks, as it describes them

Changes in interest rates that could reduce its profits.
Falling oil and natural gas prices, which matter to many of its borrowers in Oklahoma.
Borrowers failing to repay loans, and a weak Oklahoma economy.
Banking rules and consumer protection laws that could cut its fee income.
Acquisitions that may be hard to integrate and could absorb management's attention.

From Bancfirst's annual report on Form 10-K, filed February 26, 2026, in our words; the 10-K has the full description and every risk factor. Updated with each new annual report.

Income statement

Revenue and net income

US$ billions, fiscal years; net losses in red. Revenue on the left axis, net income on the right; zero is the same line on both. Revenue is net of interest expense.

Revenue (left axis)Net income (right axis)

Efficiency ratio and net interest income

Percent of revenue. The efficiency ratio is noninterest expense over revenue.

Efficiency ratioNet interest income share

From fiscal 2016 to 2025, earnings per share grew 13.8% a year and net income 14.6% a year, as new shares raised the share count by 6% and diluted each share's earnings.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Return on equity

Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.

Return on equityReturn on tangible common equity

Balance sheet

Loans and deposits

US$ billions, at each fiscal year end

Loans, netDeposits

Total assets and shareholders' equity

US$ billions, at each fiscal year end. Assets on the left axis, equity on the right.

Total assets (left axis)Equity (right axis)

Five years at a glance

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Loans, net	6,086	6,851	7,560	—	—
Deposits	8,092	10,974	10,700	11,718	12,670
Loans to deposits	75.2%	62.4%	70.7%	—	—
Provision for credit losses	−9	10	8	9	6
Provision to average loans	−0.1%	0.2%	0.1%	—	—
Total assets	9,406	12,388	12,372	13,554	14,839
Shareholders' equity	1,172	1,251	1,434	1,621	1,854

US$ millions unless stated, at each fiscal year end.

Cash flow

Stock-based compensation and buybacks

US$ billions, fiscal years. Shares paid to employees (stock-based compensation, a cost that uses no cash) against cash spent buying shares back. Buybacks that only match it leave the share count roughly where it was.

Stock-based compensationShare buybacks

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Projections

Project Bancfirst's revenue, net income and earnings per share five years ahead in a bull, a base and a bear case with your own figures, and see the share prices your P/E estimates give them. Every projected figure is yours: it is not a forecast of ours.

Open Bancfirst's projections

Insider trades

Over the 12 months between November 7, 2025 and November 6, 2026, no insider bought Bancfirst shares on the open market, and 2 insiders sold $26.4 million.

Buys and sells by month

US$ millions, open-market purchases (up) and sales (down) by officers, directors and 10% owners in each month.

BoughtSold

Date	Insider	Trade	Shares	Price	Value	Filing
Aug 13, 2026	David E RainboltDirector, 10% owner	Sold	8,506	$115.00	$978,190	Form 4
Aug 6, 2026	David E RainboltDirector, 10% owner	Sold	3,000	$115.00	$345,000	Form 4
Aug 5, 2026	David E RainboltDirector, 10% owner	Sold	2,000	$115.03	$230,060	Form 4
Aug 4, 2026	David E RainboltDirector, 10% owner	Sold	17,830	$115.06	$2.1 million	Form 4
Aug 3, 2026	David E RainboltDirector, 10% owner	Sold	11,497	$115.09	$1.3 million	Form 4
Jul 29, 2026	David E RainboltDirector, 10% owner	Sold	12,718	$115.05	$1.5 million	Form 4
Jul 28, 2026	David E RainboltDirector, 10% owner	Sold	81,492	$116.71	$9.5 million	Form 4
Jul 27, 2026	David E RainboltDirector, 10% owner	Sold	29,740	$116.49	$3.5 million	Form 4
May 7, 2026	David E RainboltDirector, 10% owner	Sold	9,001	$115.11	$1.0 million	Form 4
May 6, 2026	David E RainboltDirector, 10% owner	Sold	6,219	$115.07	$715,620	Form 4
Apr 29, 2026	David E RainboltDirector, 10% owner	Sold	1	$115.00	$115	Form 4
Apr 28, 2026	David E RainboltDirector, 10% owner	Sold	24,614	$115.55	$2.8 million	Form 4

The latest 12 of 16 trades. Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Compare

Put Bancfirst side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Net margin	Return on equity	Return on tangible equity	Efficiency ratio	Compare
Bancfirst	FY25	9.4%	34.8%	13.8%	15.5%	55.0%
NBT Bancorp	FY25	20.8%	24.3%	9.9%	13.5%	63.9%	Compare
Merchants Bancorp	FY25	1.6%	32.1%	9.7%	7.7%	44.0%	Compare
Bancorp	FY25	31.9%	32.4%	30.9%	30.9%	31.7%	Compare
Bank of Hawaii	FY25	12.1%	28.7%	11.7%	10.7%	61.8%	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	311	345	386	419	444	486	557	610	631	691
Revenue growth	5.5%	11.1%	11.7%	8.7%	5.9%	9.4%	14.8%	9.4%	3.5%	9.4%
Net interest income	204	227	260	282	307	316	374	424	447	490
Noninterest income	107	118	125	137	137	170	184	185	185	200
Noninterest expense	191	200	222	241	258	286	310	332	347	380
Provision for credit losses	—	—	—	8	63	−9	10	8	9	6
Net income	71	86	126	135	100	168	193	212	216	241
Diluted EPS (US$)	2.22	2.65	3.76	4.05	3.00	5.03	5.77	6.34	6.44	7.11
Diluted shares (millions)	32	33	33	33	33	33	33	34	34	34
Payouts
Dividends paid	23	25	30	40	42	45	48	54	58	62
Share buybacks	6	0	8	2	3	12	0	2	0	0
Balance sheet at fiscal year end
Loans, net	4,352	4,670	4,925	5,608	6,303	6,086	6,851	7,560	—	—
Deposits	6,248	6,415	6,606	7,484	8,065	8,092	10,974	10,700	11,718	12,670
Total assets	7,019	7,253	7,574	8,566	9,212	9,406	12,388	12,372	13,554	14,839
Shareholders' equity	711	776	903	1,005	1,068	1,172	1,251	1,434	1,621	1,854
Ratios
Return on equity	10.3%	11.6%	15.0%	14.1%	9.6%	15.0%	15.9%	15.8%	14.2%	13.8%
Return on tangible common equity	11.5%	12.8%	16.6%	16.2%	11.2%	17.3%	18.5%	18.3%	16.1%	15.5%
Return on assets	1.0%	1.2%	1.7%	1.7%	1.1%	1.8%	1.8%	1.7%	1.7%	1.7%
Efficiency ratio	61.6%	58.0%	57.6%	57.6%	58.1%	58.9%	55.6%	54.5%	55.0%	55.0%

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: Bancfirst's Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with Bancfirst.