BancFirst Corp. Reports Strong Q2 Earnings

By Bobby Samwell • Friday, July 18 15:32 • Permanent Link

BancFirst Corporation has reported its second-quarter earnings for 2025, showing significant growth compared to the same period in 2024. The company's net income for the second quarter of 2025 was $62.3 million, or $1.85 per diluted share, up from $50.6 million, or $1.51 per diluted share, in the second quarter of 2024.

The net interest income for the three-month period ending June 30, 2025, increased to $121.3 million from $109.9 million in the same period in 2024. This growth was primarily driven by higher loan volume and general growth in earning assets. The net interest margin remained relatively stable at 3.75% for the second quarter of 2025, compared to 3.76% for the second quarter of 2024.

Noninterest income for the quarter totaled $48.0 million, showing an increase from $43.9 million in the second quarter of the previous year. The increase was attributed to higher trust revenue, treasury income, sweep fees, insurance commissions, and other noninterest income, partially offset by losses on equity securities.

The company's total assets grew to $14.0 billion, representing an increase of $491.5 million from December 31, 2024. Loans also saw an increase, reaching $8.1 billion at June 30, 2025, up from $91.3 million from the end of 2024. Additionally, deposits totaled $12.1 billion, indicating a $337.6 million increase from year-end 2024.

Nonaccrual loans totaled $49.9 million, representing 0.61% of total loans at June 30, 2025, down slightly from 0.72% at year-end 2024. The allowance for credit losses to total loans decreased to 1.19% at June 30, 2025, from 1.24% at December 31, 2024.

CEO David Harlow commented on the strong quarter, noting the impact of one-time events that affected earnings per diluted share. He also mentioned the anticipation of closing the recently-announced American Bank of Oklahoma acquisition in the third quarter, which would add the Collinsville and Skiatook communities to the 59 communities BancFirst currently serves across the state of Oklahoma.

The longer-term outlook continues to be clouded by the ongoing evolution of global trade policy and geopolitical risks. As a result, the company maintains a healthy loan loss reserve as a percentage of loans.

Following these announcements, the company's shares moved 3.85%, and are now trading at a price of $136.33. For more information, read the company's full 8-K submission here.

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