BANCFIRST CORP OK
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 5, 2024
BANF$117.72-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Comprehensive Income
(Dollars in thousands, except per share data)
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| INTEREST INCOME | ||||
| Loans, including fees | $144,024 | $121,891 | $413,860 | $340,899 |
| Securities: | ||||
| Taxable | 8,341 | 9,260 | 26,454 | 27,659 |
| Tax-exempt | 18 | 22 | 56 | 52 |
| Federal funds sold | 1 | 63 | 25 | 176 |
| Interest-bearing deposits with banks | 35,266 | 28,989 | 97,363 | 87,703 |
| Total interest income | 187,650 | 160,225 | 537,758 | 456,489 |
| INTEREST EXPENSE | ||||
| Deposits | 71,615 | 54,838 | 203,507 | 133,747 |
| Short-term borrowings | 48 | 49 | 203 | 261 |
| Subordinated debt | 1,030 | 1,030 | 3,091 | 3,091 |
| Total interest expense | 72,693 | 55,917 | 206,801 | 137,099 |
| Net interest income | 114,957 | 104,308 | 330,957 | 319,390 |
| Provision for credit losses | 3,031 | 2,312 | 10,404 | 7,458 |
| Net interest income after provision for credit losses | 111,926 | 101,996 | 320,553 | 311,932 |
| NONINTEREST INCOME | ||||
| Trust revenue | 5,672 | 4,866 | 16,250 | 13,678 |
| Service charges on deposits | 17,723 | 17,027 | 51,431 | 60,526 |
| Securities transactions | (308) | (361) | (258) | (464) |
| Sales of loans | 721 | 734 | 1,945 | 2,095 |
| Insurance commissions | 9,391 | 8,429 | 25,514 | 23,395 |
| Cash management | 9,189 | 8,177 | 26,989 | 22,838 |
| (Loss)/gain on sale of other assets | (63) | 464 | (67) | 1,258 |
| Other | 6,387 | 5,113 | 15,752 | 16,925 |
| Total noninterest income | 48,712 | 44,449 | 137,556 | 140,251 |
| NONINTEREST EXPENSE | ||||
| Salaries and employee benefits | 54,215 | 50,200 | 157,671 | 149,255 |
| Occupancy, net | 5,776 | 5,487 | 16,215 | 15,588 |
| Depreciation | 4,482 | 4,685 | 13,542 | 14,097 |
| Amortization of intangible assets | 886 | 885 | 2,659 | 2,645 |
| Data processing services | 2,720 | 1,820 | 8,032 | 6,144 |
| Net expense from other real estate owned | 2,751 | 2,720 | 6,609 | 8,068 |
| Marketing and business promotion | 2,168 | 2,034 | 6,670 | 6,461 |
| Deposit insurance | 1,645 | 1,419 | 4,697 | 4,495 |
| Other | 12,091 | 11,965 | 38,734 | 35,889 |
| Total noninterest expense | 86,734 | 81,215 | 254,829 | 242,642 |
| Income before taxes | 73,904 | 65,230 | 203,280 | 209,541 |
| Income tax expense | 15,001 | 14,242 | 43,402 | 46,010 |
| Net income | $58,903 | $50,988 | $159,878 | $163,531 |
| NET INCOME PER COMMON SHARE | ||||
| Basic | $1.78 | $1.55 | $4.84 | $4.97 |
| Diluted | $1.75 | $1.52 | $4.76 | $4.88 |
| OTHER COMPREHENSIVE GAIN/(LOSS) | ||||
| Unrealized income/(loss) on debt securities, net of tax (expense)/benefit of $(7,387), $1,919, $(7,922) and $1,765, respectively | 23,844 | (6,172) | 25,645 | (5,614) |
| Other comprehensive income/(loss), net of tax (expense)/benefit of $(7,387), $1,919, $(7,922) and $1,765, respectively | 23,844 | (6,172) | 25,645 | (5,614) |
| Comprehensive income | $82,747 | $44,816 | $185,523 | $157,917 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.