- BancFirst’s provision for credit losses was $3.03 million, a 31% increase year-over-year, beating the estimate of $4.99 million.
- Earnings per share (EPS) were $1.75, higher than last year’s $1.52 and the estimated $1.58.
- The net interest margin improved to 3.78%, slightly above last year’s 3.73% and the estimate of 3.77%.
- Pretax profit rose to $73.9 million, a 13% year-over-year increase, surpassing the estimate of $68.4 million.
- Return on average common equity was 15.1%, compared to 14.9% from the previous year.
- Total loans reached $8.19 billion, marking a 1.7% increase from the previous quarter and exceeding the estimate of $8.14 billion.
- Net interest income was $115.0 million, a 4.6% increase quarter-over-quarter, beating the estimate of $111.8 million.
- Cash and due from banks decreased by 3.9% from the previous quarter, totaling $195.6 million.
- Analyst recommendations consist of 0 buys, 3 holds, and 0 sells.
A look at Bancfirst Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, BancFirst Corp. shows promising long-term potential. With a strong Momentum score of 5, the company is indicating positive trends that could lead to continued growth. Additionally, the Growth and Resilience scores of 4 suggest that BancFirst is well-positioned to expand and adapt in changing market conditions. Although the Value and Dividend scores are at 3, they still reflect decent performance in these areas. Overall, BancFirst Corp. seems to have a bright outlook based on these scores.
BancFirst Corp. is a bank holding company offering a wide range of retail and commercial banking services, including lending, depository services, cash management, and more. Operating through multiple segments, such as Metropolitan Banks, Community Banks, and Other Financial Services, the company serves both individual and corporate customers. The focus on traditional banking products like lending and deposit accounts, coupled with specialty units for small business lending, mortgage lending, and trust services, positions BancFirst well in the financial services industry. Established in 1984 and based in Oklahoma City, BancFirst Corp. is showing resilience and growth potential in its operations.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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