BancFirst (BANF) Q4 2025 earnings summary

Executive summary

• Achieved record net income of $59.5 million and diluted EPS of $1.75 for Q4 2025, up from $56.5 million and $1.68 in Q4 2024.

• Net interest income rose to $127.7 million, driven by higher loan volume, growth in earning assets, and the acquisition of American Bank of Oklahoma.

• Noninterest income increased to $53.3 million, aided by a $4.5 million gain on Visa B-1 stock sale and growth in trust, treasury, and fee income.

• Noninterest expense grew to $107.4 million, mainly due to higher real estate write-downs, salary and benefit increases, and costs from the recent acquisition.

• Total assets reached $14.8 billion, loans $8.5 billion, and deposits $12.7 billion at year-end 2025.

Financial highlights

• Net interest margin improved to 3.71% in Q4 2025 from 3.68% in Q4 2024.

• Return on average assets was 1.60% and return on average equity was 13.02% for Q4 2025.

• Efficiency ratio increased to 59.33% in Q4 2025 from 56.67% in Q4 2024.

• Book value per share rose to $55.28 and tangible book value per share to $49.20 at December 31, 2025.

• Net charge-offs were $1.6 million for the quarter, up from $985,000 a year ago.

Outlook and guidance

• Management maintains a mixed outlook on the economy and continues to uphold a healthy allowance for credit losses.

• DFW banks Pegasus and Worthington are outperforming the company average in growth rates.