BancFirst Corp Q3 2025 Net Income Rises to $62.7 Million

By Tamara Parker • Sunday, October 19 15:33 • Permanent Link

BancFirst Corporation (NASDAQ GS:BANF) has reported its financial results for the third quarter of 2025, showing a net income of $62.7 million, or $1.85 per diluted share, compared to $58.9 million, or $1.75 per diluted share, for the same period in 2024. Net interest income for the three-month period ended September 30, 2025, increased to $125.6 million from $115.0 million in 2024, with the net interest margin improving slightly to 3.79% from 3.78% in 2024.

The provision for credit losses on loans was $4.2 million in the third quarter of 2025, up from $3.0 million for the same period in 2024. Noninterest income for the quarter totaled $49.9 million compared to $48.7 million in 2024, driven by increases in trust revenue, treasury income, sweep fees, and securities transactions.

Noninterest expenses grew to $92.1 million for the quarter ended September 30, 2025, from $86.7 million in the same quarter in 2024. Total assets were $14.2 billion at the end of the third quarter of 2025, an increase of $643.8 million from December 31, 2024. Loans grew by $254.0 million, totaling $8.3 billion at September 30, 2025, and deposits totaled $12.1 billion, an increase of $399.8 million from year-end 2024.

Total stockholders' equity was $1.8 billion, an increase of $161.6 million from the end of 2024. Nonaccrual loans totaled $57.3 million, representing 0.69% of total loans at September 30, 2025, down from 0.72% at year-end 2024, and the allowance for credit losses to total loans was 1.20%, down from 1.24% at December 31, 2024. Net charge-offs were $1.7 million for the quarter, compared to $775,000 for the third quarter of 2024.

CEO David Harlow expressed satisfaction with the company's performance, citing loan growth, sustained net interest margin, and solid growth in noninterest income as key contributors to a strong quarter. The company's outlook reflects a mixed economic environment, with expectations of a slowing economy in its region.

BancFirst Corporation operates three subsidiary banks, serving communities across Oklahoma and the Dallas and Fort Worth metroplex areas in Texas. The market has reacted to these announcements by moving the company's shares -6.53% to a price of $114.68. For the full picture, make sure to review BANCFIRST CORP /OK/'s 8-K report.

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