BancFirst Corporation (NASDAQ GS:BANF) has reported its third-quarter earnings, showing a net income of $62.7 million, or $1.85 per diluted share, for the third quarter of 2025. This represents an increase from the net income of $58.9 million, or $1.75 per diluted share, for the third quarter of 2024.
The company's net interest income for the three-month period ended September 30, 2025, increased to $125.6 million, up from $115.0 million for the same period in 2024. The net interest margin improved slightly to 3.79% for the third quarter of 2025 from 3.78% for the third quarter of 2024.
Noninterest income for the quarter totaled $49.9 million, a slight increase from $48.7 million in the same period last year. Trust revenue, treasury income, sweep fees, and securities transactions all saw increases compared to the third quarter of the previous year.
However, noninterest expense grew to $92.1 million for the quarter-ended September 30, 2025, compared to $86.7 million in the same quarter in 2024. This increase was primarily due to growth in salaries and employee benefits of $3.5 million, as well as increases in occupancy expense and other noninterest expense categories.
As of September 30, 2025, BancFirst Corporation's total assets were $14.2 billion, representing an increase of $643.8 million from December 31, 2024. Loans also grew to $8.3 billion, up $254.0 million from the end of 2024, while deposits totaled $12.1 billion, an increase of $399.8 million from year-end 2024.
The company's total stockholders' equity was $1.8 billion, showing an increase of $161.6 million from the end of 2024. Asset quality remained strong, with nonaccrual loans totaling $57.3 million, representing 0.69% of total loans at September 30, 2025, down from 0.72% at year-end 2024.
BancFirst Corporation CEO David Harlow commented on the company's performance, noting that loan growth and a sustained net interest margin led to another strong quarter. He also mentioned that a mixed economic outlook has influenced the company's decision to maintain a healthy allowance for credit losses as a percentage of loans.
BancFirst Corporation is an Oklahoma-based financial services holding company, operating three subsidiary banks, and serving communities across Oklahoma and the Dallas-Fort Worth metroplex area.
As a result of these announcements, the company's shares have moved -6.53% on the market, and are now trading at a price of $114.68. For more information, read the company's full 8-K submission here.
