#United States #Oklahoma City #BancFirst #American Bank #Oklahoma Bank

BancFirst Corporation Reports Record Earnings in Fourth Quarter 2025

BancFirst Corporation, based in Oklahoma, has reported impressive financial results for the fourth quarter of 2025. With net income reaching $59.5 million, or $1.75 per diluted share, this marks an increase from the $56.5 million earned in the fourth quarter of the previous year. This achievement showcases the company’s continued success in navigating the economic landscape and offering solid banking solutions.

Key Financial Highlights

During the three months ending December 31, 2025, BancFirst's net interest income grew to $127.7 million, a notable rise compared to $115.9 million recorded in the same period of 2024. This growth can primarily be attributed to heightened loan volumes and the acquisition of American Bank of Oklahoma in November 2025, which further boosted earning assets. Additionally, the net interest margin saw a slight uptick to 3.71% from 3.68% year-over-year.

The bank also reported a reversal of provision for credit losses amounting to $2.0 million, indicating a favorable outlook in credit quality. Noninterest income also climbed, totaling $53.3 million compared to $47.0 million in 2024, benefiting from gains in various categories including a $4.5 million profit from the sale of Visa B-1 stock.

Expenses and Growth

Noninterest expenses for BancFirst rose to $107.4 million, an increase from $92.3 million in the same quarter of the prior year. This increase is primarily due to heightened costs associated with real estate and employee benefits, which are essential for supporting the bank's growth strategy. Notably, the American Bank acquisition contributed approximately $1.6 million of this expense in the fourth quarter.

At the conclusion of 2025, BancFirst's total assets amounted to $14.8 billion, reflecting a substantial increase of $1.3 billion from the previous year. The bank's loans also demonstrated strong growth, totaling $8.5 billion, marking a rise of $511.4 million year-on-year. Deposits grew by $951.8 million to reach $12.7 billion, solidifying BancFirst’s position within the financial landscape.

Asset Quality and Future Outlook

Maintaining strong asset quality, BancFirst reported nonaccrual loans at $61.1 million, representing 0.72% of total loans, consistent with the previous year’s figures. The allowance for credit losses slightly decreased to 1.22%, indicating effective management of credit risk.

Looking forward, BancFirst Corporation remains optimistic about the economy, while being cautious. CEO David Harlow stated that the bank's fifth consecutive year of record earnings is a testament to the effective management of loan growth, net interest margins, and non-interest income. The success of their acquisition strategy promises to enhance service capabilities across the Tulsa MSA.

Conclusion

As BancFirst moves into 2026, continued growth in loan portfolios and deposits, alongside strategic acquisitions, will likely solidify the institution's reputation as a pillar of financial stability in Oklahoma and beyond. The company's proactive approach towards asset management and customer service will be key in navigating the evolving financial landscape.

For more information about BancFirst Corporation, visit BancFirst's official website.