BancFirst (BANF)


Market Price (9/21/2026): $109.28 | Market Cap: $3.7 BilSector: Financials | Industry: Regional Banks

BancFirst (BANF)


Market Price (9/21/2026): $109.28
Market Cap: $3.7 Bil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.5%, FCF Yield is 6.7%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -128%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 34%

Low stock price volatility
Vol 12M is 26%

Capital ratio is >2x the minimum of 6%
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 16%

Uninsured deposits are low
Uninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 6.5%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology.

Weak multi-year price returns
2Y Excs Rtn is -29%, 3Y Excs Rtn is -42%

Key risks
BANF key risks include [1] significant credit exposure to the volatile energy sector in its Oklahoma and Texas markets and [2] a substantial concentration in real estate loans, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.5%, FCF Yield is 6.7%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -128%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 34%
3 Low stock price volatility
Vol 12M is 26%
4 Capital ratio is >2x the minimum of 6%
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 16%
5 Uninsured deposits are low
Uninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 6.5%
6 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology.
7 Weak multi-year price returns
2Y Excs Rtn is -29%, 3Y Excs Rtn is -42%
8 Key risks
BANF key risks include [1] significant credit exposure to the volatile energy sector in its Oklahoma and Texas markets and [2] a substantial concentration in real estate loans, Show more.

BANF in ETFs

Weight = BANF's share of each fund

VTI0.00%
ITOT0.00%
IWM0.08%
IJR0.13%
VIG0.01%
VYM0.01%
VB0.03%
KRE0.49%
+18 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/1/2026

BancFirst (BANF) stock has remained largely at the same level since 5/31/2026 because of the following key factors:

1. BancFirst's strong fiscal Q2 2026 financial performance was largely counterbalanced by broader regional banking sector pressures. The company reported net income of $66.687 million for fiscal Q2 2026 (ended June 30, 2026), an increase from $62.347 million in fiscal Q2 2025. Diluted earnings per share (EPS) rose to $1.96, surpassing the consensus estimate of $1.80. Net interest income also increased to $133.536 million from $121.256 million in the prior year, with the net interest margin improving to 3.84%. This robust company-specific performance likely provided support for the stock. However, the broader regional banking sector in fiscal Q2 2026 experienced headwinds, including a slowdown in deposit growth to 0.85% for community banks and pressure on net interest margins due to rising and flattening interest rates, which likely capped significant upward movement for BANF's stock.

2. Strategic acquisition activity signaled growth but introduced short-term integration considerations. In June 2026, BancFirst announced an agreement to acquire Spirit BankCorp and its subsidiary SpiritBank, which holds approximately $939.6 million in assets. This followed the company's acquisition of American Bank of Oklahoma in fiscal Q4 2025. While such acquisitions demonstrate a growth-oriented strategy and are a trend in the regional banking sector for achieving scale, the market often adopts a "wait-and-see" approach during integration periods, which can lead to neutral stock movement. The company also increased its provision for credit losses to $4.879 million in fiscal Q2 2026, up from $1.387 million in fiscal Q2 2025, a factor that might reflect general credit quality concerns or acquisition-related adjustments.

Show more
Updated on 9/1/2026

BancFirst (BANF) stock has remained largely at the same level since 5/31/2026 because of the following key factors:

1. BancFirst's strong fiscal Q2 2026 financial performance was largely counterbalanced by broader regional banking sector pressures. The company reported net income of $66.687 million for fiscal Q2 2026 (ended June 30, 2026), an increase from $62.347 million in fiscal Q2 2025. Diluted earnings per share (EPS) rose to $1.96, surpassing the consensus estimate of $1.80. Net interest income also increased to $133.536 million from $121.256 million in the prior year, with the net interest margin improving to 3.84%. This robust company-specific performance likely provided support for the stock. However, the broader regional banking sector in fiscal Q2 2026 experienced headwinds, including a slowdown in deposit growth to 0.85% for community banks and pressure on net interest margins due to rising and flattening interest rates, which likely capped significant upward movement for BANF's stock.

2. Strategic acquisition activity signaled growth but introduced short-term integration considerations. In June 2026, BancFirst announced an agreement to acquire Spirit BankCorp and its subsidiary SpiritBank, which holds approximately $939.6 million in assets. This followed the company's acquisition of American Bank of Oklahoma in fiscal Q4 2025. While such acquisitions demonstrate a growth-oriented strategy and are a trend in the regional banking sector for achieving scale, the market often adopts a "wait-and-see" approach during integration periods, which can lead to neutral stock movement. The company also increased its provision for credit losses to $4.879 million in fiscal Q2 2026, up from $1.387 million in fiscal Q2 2025, a factor that might reflect general credit quality concerns or acquisition-related adjustments.

3. Moderate analyst sentiment and price targets contributed to a lack of strong directional movement. Despite BancFirst's positive fiscal Q2 2026 earnings beat, the overall analyst consensus for BANF stock remained a "Hold." The average 12-month stock price target was approximately $124.33, representing an upside of around 8.18% from recent prices, but not signaling an aggressive buy recommendation that would typically drive a substantial rally. Furthermore, one firm, Keefe Bruyette, reportedly lowered its price target for BancFirst to $121 from $123 during this period, indicating a somewhat cautious outlook from the analyst community and contributing to the stock trading within a relatively stable range.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The -1.4% change in BANF stock from 5/31/2026 to 9/20/2026 was primarily driven by a -3.0% change in the company's P/E Multiple.
(LTM values as of)53120269202026Change
Stock Price ($)109.81108.29-1.4%
Change Contribution By: 
Total Revenues ($ Mil)7057232.6%
Net Income Margin (%)35.1%34.8%-0.8%
P/E Multiple14.914.4-3.0%
Shares Outstanding (Mil)3434-0.1%
Cumulative Contribution-1.4%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/20/2026
ReturnCorrelation
BANF-1.4% 
Market (SPY)0.9%8.0%
Sector (XLF)8.3%56.1%

Fundamental Drivers

The -0.7% change in BANF stock from 2/28/2026 to 9/20/2026 was primarily driven by a -4.6% change in the company's P/E Multiple.
(LTM values as of)22820269202026Change
Stock Price ($)109.02108.29-0.7%
Change Contribution By: 
Total Revenues ($ Mil)6917234.7%
Net Income Margin (%)34.8%34.8%0.0%
P/E Multiple15.114.4-4.6%
Shares Outstanding (Mil)3334-0.5%
Cumulative Contribution-0.7%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/20/2026
ReturnCorrelation
BANF-0.7% 
Market (SPY)11.6%23.0%
Sector (XLF)9.2%53.6%

Fundamental Drivers

The -17.1% change in BANF stock from 8/31/2025 to 9/20/2026 was primarily driven by a -22.3% change in the company's P/E Multiple.
(LTM values as of)83120259202026Change
Stock Price ($)130.69108.29-17.1%
Change Contribution By: 
Total Revenues ($ Mil)6617239.4%
Net Income Margin (%)35.4%34.8%-1.6%
P/E Multiple18.614.4-22.3%
Shares Outstanding (Mil)3334-1.0%
Cumulative Contribution-17.1%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/20/2026
ReturnCorrelation
BANF-17.1% 
Market (SPY)19.4%28.3%
Sector (XLF)4.7%57.6%

Fundamental Drivers

The 19.4% change in BANF stock from 8/31/2023 to 9/20/2026 was primarily driven by a 16.7% change in the company's Total Revenues ($ Mil).
(LTM values as of)83120239202026Change
Stock Price ($)90.66108.2919.4%
Change Contribution By: 
Total Revenues ($ Mil)62072316.7%
Net Income Margin (%)36.3%34.8%-4.1%
P/E Multiple13.314.48.9%
Shares Outstanding (Mil)3334-2.0%
Cumulative Contribution19.4%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/20/2026
ReturnCorrelation
BANF19.4% 
Market (SPY)75.6%43.4%
Sector (XLF)69.8%63.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
BANF Return23%27%12%23%-8%4%105%
Peers Return26%5%-1%22%6%12%89%
S&P 500 Return27%-19%24%23%16%12%103%

Monthly Win Rates [3]
BANF Win Rate50%75%50%50%67%56% 
Peers Win Rate63%50%48%57%58%53% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
BANF Max Drawdown-29%-26%-22%-16%-22%-14% 
Peers Max Drawdown-24%-25%-33%-16%-23%-12% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: BOKF, CFR, PB, TCBI, IBOC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)

How Low Can It Go

EventBANFS&P 500
2025 US Tariff Shock
  % Loss-15.6%-18.8%
  % Gain to Breakeven18.5%23.1%
  Time to Breakeven20 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-17.7%-9.5%
  % Gain to Breakeven21.5%10.5%
  Time to Breakeven56 days24 days
2023 SVB Regional Banking Crisis
  % Loss-18.8%-6.7%
  % Gain to Breakeven23.2%7.1%
  Time to Breakeven29 days31 days
2020 COVID-19 Crash
  % Loss-53.8%-33.7%
  % Gain to Breakeven116.2%50.9%
  Time to Breakeven251 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-17.9%-19.2%
  % Gain to Breakeven21.9%23.8%
  Time to Breakeven212 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-19.5%-12.2%
  % Gain to Breakeven24.2%13.9%
  Time to Breakeven128 days62 days

Compare to BOKF, CFR, PB, TCBI, IBOC

In The Past

BancFirst's stock fell -15.6% during the 2025 US Tariff Shock. Such a loss loss requires a 18.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventBANFS&P 500
2020 COVID-19 Crash
  % Loss-53.8%-33.7%
  % Gain to Breakeven116.2%50.9%
  Time to Breakeven251 days140 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-21.2%-17.9%
  % Gain to Breakeven26.9%21.8%
  Time to Breakeven32 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-21.2%-15.4%
  % Gain to Breakeven27.0%18.2%
  Time to Breakeven619 days125 days
2008-2009 Global Financial Crisis
  % Loss-36.3%-53.4%
  % Gain to Breakeven56.9%114.4%
  Time to Breakeven411 days1085 days

Compare to BOKF, CFR, PB, TCBI, IBOC

In The Past

BancFirst's stock fell -15.6% during the 2025 US Tariff Shock. Such a loss loss requires a 18.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About BancFirst (BANF)

BancFirst Corporation (BANF) operates as a bank holding company, primarily providing a comprehensive suite of commercial banking services. It caters to a broad customer base, including individual retail customers and small to medium-sized businesses.

The company's core offerings include various deposit accounts such as checking, savings, money market, and certificates of deposit. On the lending side, BancFirst provides a wide range of loans including commercial, financial, and real estate loans for businesses, as well as consumer loans for personal needs like auto purchases, home goods, and education.

Beyond traditional banking, BancFirst also offers specialized services such as investment management, trust administration for individuals and corporations, and correspondent banking services. It also acts as a bond trustee for Oklahoma municipalities. Geographically, BancFirst primarily serves customers across Oklahoma through 108 banking locations, with an additional three branches located in Dallas, Texas.

AI Analysis | Feedback

1. The Wells Fargo of Oklahoma.

2. Like a regional JPMorgan Chase, focused on Oklahoma and parts of Texas.

AI Analysis | Feedback

  • Deposit Accounts: Offers various checking, savings, money market, and certificate of deposit accounts for retail and business customers.
  • Lending Services: Provides commercial, real estate, energy, and consumer loans to individuals and businesses for diverse financial needs.
  • Wealth Management & Trust Services: Manages trusts for individuals, corporations, and employee benefit plans, alongside bond trustee and paying agent services.
  • Business Banking Services: Delivers a suite of services including cash management, funds transfer, collection, and item processing for businesses and correspondent banks.
  • Insurance Agency Services: Operates an insurance agency offering various insurance products.

AI Analysis | Feedback

BancFirst (symbol: BANF) serves a diverse customer base, primarily consisting of a wide range of individuals and businesses rather than a few specific major companies. Given the nature of its banking services, it provides offerings to a multitude of customers within the following categories:

  • Retail Customers / Individuals: This category includes individuals who utilize BancFirst's personal banking services such as checking accounts, savings accounts, money market accounts, individual retirement accounts, and consumer loans (e.g., for automobiles, boats, household goods, vacations, and education). It also includes individuals for whom BancFirst provides investment management and trust administration.

  • Small to Medium-sized Businesses: BancFirst provides commercial banking services, including checking accounts, commercial loans for working capital, facilities acquisition or expansion, equipment purchases, and commercial and industrial loans. This category also encompasses corporations and employee benefit plans for which BancFirst offers investment management and trust administration services.

  • Governmental and Institutional Entities: BancFirst serves various Oklahoma municipalities and governmental entities by engaging in bond trustee and paying agent business.

AI Analysis | Feedback

null

AI Analysis | Feedback

David R. Harlow

President and Chief Executive Officer, BancFirst Corporation

David R. Harlow became Chief Executive Officer of BancFirst Corporation in May 2017. He joined BancFirst in 1999 as Executive Vice President and Manager of Commercial Banking for BancFirst Oklahoma City. In 2003, he was appointed Regional Executive and President of BancFirst Oklahoma City, where he oversaw the overall management and administration of the corporation's largest bank. Before joining BancFirst, he spent 11 years at Liberty Bank and Trust, progressing from a Loan Administration Officer to Senior Vice President-Manager of their Metropolitan Lending Division. He also served as Executive Vice President of Dorchester Capital Corporation for two years.

Hannah Andrus

Executive Vice President, Chief Financial Officer, Principal Accounting Officer and Treasurer

Hannah Andrus was appointed Executive Vice President, Chief Financial Officer, Principal Accounting Officer, and Treasurer for BancFirst Corporation. She joined BancFirst in 2024, coming from Ernst & Young where she worked as an Assurance Senior Manager. Ms. Andrus holds an M.S. in Accounting and a B.B.A. from Southern Methodist University and is a Certified Public Accountant (CPA).

David E. Rainbolt

Executive Chairman

David E. Rainbolt has served as Executive Chairman of BancFirst Corporation since March 23, 2017. He previously held the positions of Chief Executive Officer and President from January 1992 to May 25, 2017. Earlier in his career, he was the Chief Financial Officer when the company was formed through a 7-bank roll-up in 1985. During his 25-year tenure as CEO, BancFirst went public, expanded into metropolitan areas, and completed 34 acquisitions, growing its assets significantly from under $700 million to over $7 billion. He has been a director of BancFirst Corporation since July 1984. Prior to his extensive career at BancFirst, Mr. Rainbolt served as President of Trencor Inc. from January 1982 to January 1984. His father, H.E. "Gene" Rainbolt, initiated the acquisition of various Oklahoma banks in the 1960s, leading to the formation of United Community Corporation in 1985, which was the predecessor to BancFirst. David Rainbolt was also instrumental in modernizing Oklahoma's banking laws.

Darryl W. Schmidt

President and Chief Executive Officer, BancFirst

Darryl W. Schmidt has served as President and Chief Executive Officer of BancFirst, the principal bank subsidiary, since May 2017. He joined BancFirst in 2002. His previous roles at the company include Chief Credit Officer from 2002 to 2015, and he held a dual role as both Chief Credit Officer and Director of Community Banking from 2007 to 2015. Earlier in his career, Mr. Schmidt worked as a Credit Review Officer at Farm Credit Bank of Wichita in 1989.

Dennis L. Brand

Vice Chairman

Dennis L. Brand has been Vice Chairman of BancFirst Corporation since 2013 and has been an executive officer since 1992. He previously served as President and CEO of BancFirst, the subsidiary bank, from 2005 to 2017. His career at BancFirst also includes roles as Senior Executive Vice President (starting 2005), Executive Vice President & COO (2003–2004), Executive Vice President of Community Banking (1999–2003), and Regional Executive and President of BancFirst Shawnee (1992–1999). Mr. Brand initially joined BancFirst in 1993 as president of BancFirst of Shawnee.

AI Analysis | Feedback

The key risks to BancFirst's business include:

  1. Interest Rate Risks: BancFirst's profitability is significantly influenced by fluctuations in interest rates. The company's net interest income, which is the primary source of its earnings, is derived from the difference between interest earned on loans and investments and interest paid on deposits and borrowings. Changes in market interest rates could adversely affect this net interest margin, thereby reducing profitability.
  2. Competition and Regional Economic Conditions: BancFirst operates in a highly competitive banking environment, particularly in its key markets of Oklahoma and North Texas. The company faces competition from larger financial institutions that may have greater lending capacity and a broader range of products and services. Additionally, BancFirst's financial performance, results of operations, and cash flows are heavily dependent on the economic conditions within Oklahoma and North Texas. Downturns in these regional economies could negatively impact loan demand, credit quality, and overall business activity.
  3. Credit and Lending Risks: BancFirst is exposed to inherent credit and lending risks, particularly due to its substantial real estate loan portfolio. Adverse market downturns or environmental liabilities could negatively affect the value and performance of these real estate loans. Furthermore, the volatility of the energy sector, prevalent in Oklahoma and Texas, could impact loan demand and the credit quality of borrowers within this industry.

AI Analysis | Feedback

The most prominent emerging threats to BancFirst stem from the accelerated digitalization of financial services and the rise of competitors unburdened by legacy physical infrastructure:

  • Digital-Only Banks (Neobanks): The increasing proliferation and adoption of digital-first banks, such as Chime, Ally Bank, and N26, pose a significant threat. These neobanks often offer lower fees, higher interest rates, and more streamlined, app-based user experiences, directly challenging BancFirst's traditional retail banking offerings (checking, savings, and basic consumer loans) and its ability to attract and retain tech-savvy customers who prefer entirely digital interactions over physical branch visits.

  • Fintech Disruptors in Lending and Payments: Specialized financial technology (fintech) companies are rapidly gaining market share by offering faster, more convenient, and often cheaper alternatives for specific banking services. Examples include online lenders (e.g., SoFi, LendingClub) providing personal, business, and mortgage loans with quicker approval processes, and advanced payment platforms (e.g., PayPal, Venmo, Cash App) that streamline transactions and reduce reliance on traditional bank transfers and check-based payments. These disruptors directly compete with BancFirst's loan portfolio and fee-based transaction services.

AI Analysis | Feedback

For BancFirst, the addressable markets for its main products and services primarily cover the regions of Oklahoma and Dallas, Texas.

Commercial Banking Services (including deposits and various loans)

  • Oklahoma: The commercial banking industry in Oklahoma is projected to have a market size of approximately $13.4 billion in 2026. Additionally, the total assets for all banks in Oklahoma reached $201.01 billion as of the second quarter of 2025. The total banking assets supervised by the Oklahoma State Banking Department were over $99.9 billion in 2024.
  • Texas: State-chartered banks in Texas held $452.3 billion in total assets as of December 31, 2024.

Lending Services

  • Commercial and Real Estate Loans:
    • Oklahoma: New lending to small businesses through loans of $1 million or less amounted to $4.2 billion in 2020. The commercial real estate market in Oklahoma City shows demand across various sectors, including multifamily, office, industrial, retail, self-storage, and hospitality.
    • Texas: The Texas commercial real estate market generated approximately $120 billion in annual transaction volume, with a year-over-year growth of 5.2%. Direct spending on commercial real estate in Texas exceeded $71.7 billion in 2023.
  • Consumer Loans:
    • Texas: The total unsecured personal loan debt in Texas was estimated to be between $28 billion and $30 billion in early 2025, with most of it concentrated in the four largest metropolitan areas. In 2023, OCCC-licensed lenders and financial service providers in Texas made 11.37 million loans for $9.2 billion.

Investment Management and Trust Services

  • Oklahoma: The market size for the Portfolio Management & Investment Advice industry in Oklahoma is projected to be $1.5 billion in 2026.
  • Dallas, Texas: The Dallas/Fort Worth market is a significant wealth hub, with over 2,330 ultra-high net worth households (with $30 million or more in net worth). Dallas-Fort Worth has grown to become the second-largest hub for financial workers in the country.

AI Analysis | Feedback

BancFirst (BANF) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
  • Strategic Acquisitions: BancFirst plans to continue expanding its market presence through strategic acquisitions. For instance, the recent acquisition of American Bank of Oklahoma in November 2025 added substantial loans and deposits and broadened its reach in Northeastern Oklahoma, highlighting a consistent strategy of growth through M&A.
  • Loan Volume Growth and Net Interest Income: An increase in loan volume and growth in earning assets are anticipated to be primary drivers for net interest income, which constitutes the largest portion of BancFirst's total revenue. The company's Dallas-Fort Worth (DFW) banks, Pegasus and Worthington, have shown growth rates that exceed the company average, contributing significantly to loan growth.
  • Geographic Expansion in Texas: The ongoing expansion in the Dallas and Fort Worth Metroplex areas, through its Pegasus Bank and Worthington Bank operations, is a crucial driver. These Texas-based banks are outperforming the company average in growth, indicating that this market expansion will contribute meaningfully to future revenue.
  • Growth in Noninterest Income: BancFirst is also focused on increasing noninterest income, which includes revenue from trust services, treasury management, and various fee-based services. This diversified income stream is expected to contribute to overall revenue growth.

AI Analysis | Feedback

Share Repurchases

  • In 2023, BancFirst repurchased 20,702 shares of common stock for $1.8 million at an average price of $87.88 per share.
  • No shares were repurchased in 2024 or 2025, despite the maintenance of a stock repurchase program.
  • As of December 31, 2024, up to 479,784 shares remained available for repurchase under the existing Stock Repurchase Program.

Share Issuance

  • Common stock issuances in 2025 were primarily related to stock-based compensation plans and the acquisition of American Bank of Oklahoma.
  • As of September 30, 2025, 29,559 shares were available for future issuance under the Deferred Stock Compensation Plan.
  • BancFirst has an effective shelf registration statement that allows it to offer and sell an indeterminate amount of common stock in future offerings.

Outbound Investments

  • BancFirst acquired American Bank of Oklahoma (ABOK) in 2025, which added approximately $385 million in total assets, $280 million in loans, and $320 million in deposits.
  • The ABOK acquisition aims to expand BancFirst's market presence in northeastern Oklahoma, particularly in the Collinsville and Skiatook areas.
  • In 2021, BancFirst acquired First National Bank and Trust.

Capital Expenditures

  • BancFirst invested $11.5 million in capital expenditures in Q4 2025, primarily for funding long-term assets and infrastructure.
  • Capital expenditures are generally charged to various business units, including BancFirst metropolitan banks, community banks, Pegasus, Worthington, and other financial services.

Peer Outperformance in Regional Banks

BANF has outperformed 80% of its 264 Regional Banks peers over 5Y. Among the peers that beat it are FBP, OFG and BPOP. Regional Banks ranks 7th of 18 industries in Financials by median 5Y return.
Share of Regional Banks constituents that BANF has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
2%
of 288 industry peers · -16.4% return
3Y
7%
of 277 industry peers · 34.7% return
5Y
80%
of 264 industry peers · 113.0% return
Regional Banks peers with revenue growth within 4pp of BANF's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
BANF BancFirst 5.4% 14.4x -16.4%34.7%113.0%
FBP First BanCorp 2.9% 11.4x 29.1%131.6%174.3% +61pp
OFG OFG Bancorp 4.5% 10.1x 22.2%99.4%162.8% +50pp
BPOP Popular 2.8% 10.7x 29.5%183.6%160.6% +48pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is BANF's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Reinsurance 6 24.2%70.6%133.7% SPNT 170% · RGA 154% · RNR 140%
Investment Banking & Brokerage 13 -1.7%105.1%116.5% IBKR 527% · SNEX 257% · HOOD 183%
Diversified Banks 12 27.5%129.8%116.3% CM 161% · JPM 159% · RY 149%
Life & Health Insurance 20 8.6%57.6%105.8% JXN 534% · UNM 373% · FG 207%
Multi-Sector Holdings 4 6.8%50.2%87.3% JONE 361% · VOYA 88% · BRK-B 87%
Property & Casualty Insurance 42 9.6%67.5%67.8% ASIC 2760900% · HRTG 445% · UVE 331%
Regional Banks ← 265 23.9%91.7%67.1% ESQ 391% · GCBC 340% · VBNK 335%
Multi-line Insurance 9 8.8%71.2%64.1% GNW 201% · L 112% · SLF 104%
Financial Exchanges & Data 15 -0.1%17.4%32.7% VIRT 184% · CBOE 135% · CME 83%
Diversified Financial Services 4 -7.3%22.1%32.6% FRHC 168% · EQH 119% · TMS -54%
Consumer Finance 30 1.7%89.6%26.9% ENVA 447% · EZPW 319% · FCFS 168%
Insurance Brokers 16 -15.1%-6.3%20.3% LIFE 200% · ARX 87% · AJG 70%
Commercial & Residential Mortgage Finance 14 -50.2%32.8%13.9% FNMA 454% · FMCC 436% · ACT 204%
Asset Management & Custody Banks 84 -11.7%17.6%12.0% WT 348% · SII 279% · VCTR 274%
Specialized Finance 3 14.0%42.2%-2.8% EFC 27% · CACC -3% · HASI -16%
Mortgage REITs 33 -13.0%7.4%-16.5% NREF 53% · RITM 42% · DX 34%
Transaction & Payment Processing Services 15 -1.0%-5.9%-42.9% V 74% · MA 73% · CPAY 58%
Diversified Capital Markets 20 -36.3%20.7%-48.1% OPY 196% · LPLA 136% · GOLD 90%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

BANFBOKFCFRPBTCBIIBOCMedian
NameBancFirstBOK Fina.Cullen/F.Prosperi.Texas Ca.Internat. 
Mkt Price108.29132.75159.8070.0294.9070.24101.59
Mkt Cap3.68.010.07.14.14.45.7
Rev LTM7232,1932,2991,3321,3278591,330
Op Inc LTM-------
FCF LTM2451,504541590472453506
FCF 3Y Avg2311,223421520405455438
CFO LTM2891,504720621488470554
CFO 3Y Avg2701,223570547438475511

Growth & Margins

BANFBOKFCFRPBTCBIIBOCMedian
NameBancFirstBOK Fina.Cullen/F.Prosperi.Texas Ca.Internat. 
Rev Chg LTM9.4%11.7%7.4%12.9%33.1%4.0%10.5%
Rev Chg 3Y Avg5.4%2.1%5.6%6.5%8.1%2.2%5.5%
Rev Chg Q10.7%9.3%5.3%25.6%9.1%3.2%9.2%
QoQ Delta Rev Chg LTM2.6%2.3%1.3%6.1%2.2%0.8%2.2%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM40.0%68.6%31.3%46.6%36.8%54.7%43.3%
CFO/Rev 3Y Avg40.9%60.1%26.7%46.0%39.2%56.6%43.4%
FCF/Rev LTM33.9%68.6%23.6%44.3%35.5%52.7%39.9%
FCF/Rev 3Y Avg35.1%60.1%19.8%43.7%36.1%54.1%39.9%

Valuation

BANFBOKFCFRPBTCBIIBOCMedian
NameBancFirstBOK Fina.Cullen/F.Prosperi.Texas Ca.Internat. 
Mkt Cap3.68.010.07.14.14.45.7
P/S5.03.64.35.33.15.14.7
P/Op Inc-------
P/EBIT-------
P/E14.412.314.612.511.310.612.4
P/CFO12.65.313.911.48.59.310.3
Total Yield8.7%10.0%9.4%11.3%8.8%11.5%9.7%
Dividend Yield1.8%1.9%2.6%3.3%0.0%2.0%2.0%
FCF Yield 3Y Avg6.7%18.1%5.5%8.0%11.2%11.2%9.6%
D/E0.00.40.00.40.20.00.1
Net D/E-1.30.0-0.80.1-0.7-0.9-0.7

Returns

BANFBOKFCFRPBTCBIIBOCMedian
NameBancFirstBOK Fina.Cullen/F.Prosperi.Texas Ca.Internat. 
1M Rtn-4.1%-5.5%-2.0%-3.0%-3.3%-1.7%-3.1%
3M Rtn-2.3%2.3%10.4%-0.8%-4.0%-3.6%-1.5%
6M Rtn4.2%7.1%22.5%10.1%3.6%6.4%6.8%
12M Rtn-16.4%21.5%29.4%9.8%9.6%2.7%9.7%
3Y Rtn34.7%80.7%91.2%42.0%59.4%77.0%68.2%
1M Excs Rtn-3.4%-4.7%-1.6%-2.4%-2.4%-1.1%-2.4%
3M Excs Rtn-4.3%0.3%8.4%-2.8%-6.0%-5.6%-3.5%
6M Excs Rtn-10.9%-9.2%7.9%-5.0%-12.0%-9.8%-9.5%
12M Excs Rtn-31.9%7.0%14.4%-5.8%-4.2%-12.6%-5.0%
3Y Excs Rtn-42.4%-0.1%11.8%-31.3%-16.4%0.2%-8.2%

Comparison Analyses

null

FDIC Bank Data

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
BancFirst Community Banks350318300281247
BancFirst Metropolitan Banks144139145130101
Other Financial Services7065575982
Pegasus5550534726
Executive, Operations, Support and Eliminations454036  
Worthington252019160
American Bank of Oklahoma (ABOK)200  
Eliminations   -198-170
Executive, Operations & Support   222200
Total691631610557486


Operating Income by Segment
$ Mil201520142013
BancFirst Community Banks727259
Executive Operations & Support423832
BancFirst Metropolitan Banks403636
Other Financial Services161110
Eliminations-69-66-56
Total1019181


Assets by Segment
$ Mil20252024202320222021
BancFirst Community Banks8,1797,8117,0136,8865,821
BancFirst Metropolitan Banks3,5893,5403,5993,4122,628
Pegasus1,6101,4181,2811,4041,046
Worthington6446456005410
American Bank of Oklahoma (ABOK)39400  
Executive, Operations, Support and Eliminations3285-242  
Other Financial Services9513612217272
Eliminations   -1,501-1,363
Executive, Operations & Support   1,4731,202
Total14,83913,55412,37212,3889,406


Price Behavior

Price Behavior
Market Price$108.29 
Market Cap ($ Bil)3.6 
First Trading Date03/26/1990 
Distance from 52W High-16.4% 
   50 Days200 Days
DMA Price$113.16$111.35
DMA Trendindeterminateindeterminate
Distance from DMA-4.3%-2.7%
 3M1YR
Volatility19.2%25.3%
Downside Capture29.0966.47
Upside Capture13.6733.89
Correlation (SPY)11.4%27.7%
BANF Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta0.330.410.050.340.570.84
Up Beta0.700.05-0.570.160.680.93
Down Beta-0.420.790.450.280.600.71
Up Capture-7%21%9%32%25%52%
Bmk +ve Days10213268138427
Stock +ve Days10213664123377
Down Capture75%79%15%53%76%97%
Bmk -ve Days11213259113324
Stock -ve Days11212862127372

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BANF
BANF-16.0%25.6%-0.72-
Sector ETF (XLF)4.5%14.6%0.0857.6%
Equity (SPY)16.9%12.9%0.9428.0%
Gold (GLD)19.1%29.3%0.60-2.3%
Commodities (DBC)46.3%20.6%1.73-22.5%
Real Estate (VNQ)4.9%13.6%0.1040.7%
Bitcoin (BTCUSD)-30.6%44.3%-0.7017.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BANF
BANF17.0%30.0%0.55-
Sector ETF (XLF)10.1%18.4%0.4157.4%
Equity (SPY)12.9%17.2%0.5740.8%
Gold (GLD)19.1%18.8%0.83-1.1%
Commodities (DBC)11.2%19.5%0.453.8%
Real Estate (VNQ)1.1%18.8%-0.0540.2%
Bitcoin (BTCUSD)12.5%52.5%0.4217.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BANF
BANF14.1%35.6%0.47-
Sector ETF (XLF)12.9%22.1%0.5367.3%
Equity (SPY)15.1%18.0%0.7249.1%
Gold (GLD)12.1%16.4%0.61-5.0%
Commodities (DBC)8.3%18.1%0.3716.9%
Real Estate (VNQ)4.4%20.7%0.1845.6%
Bitcoin (BTCUSD)62.6%66.2%1.0215.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date8312026
Short Interest: Shares Quantity0.9 Mil
Short Interest: % Change Since 81520263.8%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest8.7 days
Basic Shares Quantity33.6 Mil
Short % of Basic Shares2.7%

Earnings Returns History

Updated 8/25/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/23/20261.4%-2.4%-1.7%
1/23/20260.1%1.4%2.8%
7/17/20253.1%-3.4%-6.2%
4/17/20253.2%7.8%18.6%
1/23/2025-2.2%-1.9%-3.8%
10/17/2024-1.4%-5.6%5.3%
7/18/20245.0%8.6%2.6%
10/20/202210.4%3.8%9.3%
...
SUMMARY STATS   
# Positive858
# Negative585
Median Positive2.9%6.3%5.5%
Median Negative-1.4%-2.9%-3.8%
Max Positive10.4%8.6%19.5%
Max Negative-3.6%-7.7%-6.2%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/23/20261.4%-2.4%-1.7%
1/23/20260.1%1.4%2.8%
7/17/20253.1%-3.4%-6.2%
4/17/20253.2%7.8%18.6%
1/23/2025-2.2%-1.9%-3.8%
10/17/2024-1.4%-5.6%5.3%
7/18/20245.0%8.6%2.6%
10/20/202210.4%3.8%9.3%
4/21/2022-0.9%-2.2%-4.0%
7/15/2021-3.6%-7.7%-2.3%
4/15/20211.3%-2.2%5.7%
1/21/20212.6%-5.2%5.0%
10/15/2020-1.1%6.3%19.5%
SUMMARY STATS   
# Positive858
# Negative585
Median Positive2.9%6.3%5.5%
Median Negative-1.4%-2.9%-3.8%
Max Positive10.4%8.6%19.5%
Max Negative-3.6%-7.7%-6.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/07/202610-Q
03/31/202605/08/202610-Q
12/31/202502/26/202610-K
09/30/202511/07/202510-Q
06/30/202508/05/202510-Q
03/31/202505/09/202510-Q
12/31/202402/28/202510-K
09/30/202411/05/202410-Q
06/30/202408/06/202410-Q
03/31/202405/07/202410-Q
12/31/202302/27/202410-K
09/30/202311/06/202310-Q
06/30/202308/04/202310-Q
03/31/202305/09/202310-Q
12/31/202202/24/202310-K
09/30/202211/04/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/07/202610-Q
03/31/202605/08/202610-Q
12/31/202502/26/202610-K
09/30/202511/07/202510-Q
06/30/202508/05/202510-Q
03/31/202505/09/202510-Q
12/31/202402/28/202510-K
09/30/202411/05/202410-Q
06/30/202408/06/202410-Q
03/31/202405/07/202410-Q
12/31/202302/27/202410-K
09/30/202311/06/202310-Q
06/30/202308/04/202310-Q
03/31/202305/09/202310-Q
12/31/202202/24/202310-K
09/30/202211/04/202210-Q
06/30/202208/05/202210-Q
03/31/202205/06/202210-Q
12/31/202102/25/202210-K
09/30/202111/05/202110-Q
06/30/202108/09/202110-Q
03/31/202105/05/202110-Q
12/31/202002/26/202110-K
09/30/202011/09/202010-Q
06/30/202008/10/202010-Q
03/31/202005/11/202010-Q
12/31/201902/28/202010-K
09/30/201911/08/201910-Q

Insider Activity

Updated 8/31/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Rainbolt, David E David and Kim Rainbolt FoundationSell8132026115.008,506  Form
2Rainbolt, David E David and Kim Rainbolt FoundationSell8062026115.003,000345,000978,190Form
3Rainbolt, David E David and Kim Rainbolt FoundationSell8062026115.032,000230,0501,323,478Form
4Rainbolt, David E David and Kim Rainbolt FoundationSell8042026115.0617,8302,051,4931,553,980Form
5Rainbolt, David E David and Kim Rainbolt FoundationSell8042026115.0911,4971,323,1833,606,441Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Rainbolt, David E David and Kim Rainbolt FoundationSell8132026115.008,506  Form
2Rainbolt, David E David and Kim Rainbolt FoundationSell8062026115.003,000345,000978,190Form
3Rainbolt, David E David and Kim Rainbolt FoundationSell8062026115.032,000230,0501,323,478Form
4Rainbolt, David E David and Kim Rainbolt FoundationSell8042026115.0617,8302,051,4931,553,980Form
5Rainbolt, David E David and Kim Rainbolt FoundationSell8042026115.0911,4971,323,1833,606,441Form
6Rainbolt, David E David and Kim Rainbolt FoundationSell7282026116.4929,7403,464,36515,963,920Form
7Rainbolt, David E David and Kim Rainbolt FoundationSell5072026115.119,0011,036,06619,197,657Form
8Rainbolt, David E David and Kim Rainbolt FoundationSell5072026115.076,219715,62320,227,535Form
9Rainbolt, David E David and Kim Rainbolt FoundationSell5012026115.00111520,930,345Form
10Rainbolt, David E David and Kim Rainbolt FoundationSell4282026115.5524,6142,844,20921,031,017Form
11Rainbolt, David E David and Kim Rainbolt FoundationSell4282026115.0120523,57723,763,136Form
12Rainbolt, David E David and Kim Rainbolt FoundationSell4242026115.0265074,76523,789,402Form
13Rainbolt, David E David and Kim Rainbolt FoundationSell4242026115.5317,5272,024,85923,968,941Form
14Foraker, RandyExecutive Vice PresidentDirectSell2112026119.913,000  Form
Core Cache Last Updated: 9/20/2026