Here are 1-3 brief analogies for BancFirst (BANF):

• BancFirst is like U.S. Bancorp for Oklahoma, serving as a prominent regional bank with a strong focus on its home state.
• It's a more geographically concentrated version of PNC Financial Services, providing comprehensive banking services primarily within Oklahoma.

• Deposit Services: Provides a variety of checking, savings, money market, and certificate of deposit accounts for individuals and businesses.
• Lending Services: Offers commercial loans for businesses, residential mortgage loans, and various consumer loans such as auto and home equity loans.
• Treasury Management: Supplies businesses with cash management solutions, including ACH, wire transfers, online banking, and remote deposit capture.
• Wealth Management & Trust Services: Delivers financial planning, investment management, and trust administration for individuals and institutions.
• Credit Card Services: Issues credit cards for both personal and business use, facilitating convenient payments and credit access.
• Merchant Services: Provides businesses with payment processing solutions to accept various forms of customer payments.

BancFirst (symbol: BANF) is a financial institution that provides a wide range of banking and financial services. As such, it does not have a few "major customers" in the traditional sense, as its revenue is derived from a broad and diverse base of clients utilizing its various services. The company primarily serves a multitude of individual consumers and businesses.

The primary categories of customers BancFirst serves include:

• Individual Consumers: This category includes individuals and households who utilize personal checking and savings accounts, consumer loans (e.g., auto loans, personal loans), residential mortgages, and other personal financial services.
• Small to Medium-sized Businesses (SMBs): BancFirst provides a comprehensive suite of services to businesses, including business checking and savings accounts, commercial loans and lines of credit, treasury management services, and merchant services. These are typically local and regional businesses across various industries.
• Commercial and Corporate Clients: This segment includes larger businesses, corporations, and commercial real estate investors/developers that require more extensive lending solutions, sophisticated treasury management services, and other specialized financial products.

• Fiserv (FI)

David R. Harlow, President, Chief Executive Officer, and Director

Mr. Harlow was appointed CEO of BancFirst in May 2017. He first joined the company as Executive Vice President and Manager of Commercial Banking. Prior to his CEO role, he served as President of BancFirst Oklahoma City from 2003 to 2017. His career in the financial sector began in 1986 at Liberty Bank and Trust, where he spent 11 years and rose to Senior Vice President-Manager of their Metropolitan Lending Division. Before joining BancFirst in 1999, he was Executive Vice President of Dorchester Capital Corporation for two years.

Hannah Andrus, Executive Vice President, Chief Financial Officer, and Treasurer

Ms. Andrus assumed the role of Chief Financial Officer, Executive Vice President, and Treasurer of BancFirst effective May 8, 2024. Before joining BancFirst, she was an Assurance Senior Manager at Ernst & Young LLP. She is a Certified Public Accountant and holds a Master of Science in Accounting and a Bachelor of Business Administration from Southern Methodist University.

David E. Rainbolt, Executive Chairman of the Board

Mr. Rainbolt has served as Executive Chairman of BancFirst Corporation since May 2017. He previously held the positions of President and Chief Executive Officer of the company from January 1992 to May 2017, a tenure of 25 years. During his time as CEO, BancFirst grew significantly, expanding from under $700 million to over $7 billion in assets, went public, and completed 34 acquisitions. He also played a key role in modernizing Oklahoma's banking laws. Earlier in his career, Mr. Rainbolt was the Chief Financial Officer for United Community Corporation, a predecessor to BancFirst, in the mid-1980s, and served as President of Trencor Inc. from 1982 to 1984. He began his banking career as a financial analyst at Republic Bank in Dallas.

Dennis L. Brand, Vice Chairman

Mr. Brand has been the Vice Chairman of BancFirst since 2013. He previously served as the Senior Executive Vice President of the company. From 2005 to 2017, he was the President and Chief Executive Officer of BancFirst.

Darryl W. Schmidt, Director, Chief Executive Officer, BancFirst

Mr. Schmidt serves as a Director and as the Chief Executive Officer of BancFirst (the bank subsidiary).

The clear emerging threat to BancFirst (BANF) is the increasing competition from digital-first banks and fintech companies. These entities, including neobanks, online lenders, and tech companies offering financial services, leverage lower operational overheads and advanced digital platforms to attract customers with competitive rates, lower fees, and superior user experiences. This trend directly challenges BancFirst's traditional branch-based banking model and its ability to attract and retain deposits and lending clients, particularly among younger, digitally-native generations, mirroring the disruption seen in other industries.

BancFirst (symbol: BANF) Addressable Markets for Main Products and Services:

• Commercial Banking: The market size of the Commercial Banking industry in Oklahoma is estimated at $13.4 billion in 2025. This market size is for the region of Oklahoma.
• Deposits and Overall Banking Market:
  • Total assets of all FDIC-insured institutions in Oklahoma were approximately $201 billion in Q2 2025. This market size is for the region of Oklahoma.
  • Total deposits for banks in Oklahoma City averaged $2.55 billion in Q3 2024. This market size is for the region of Oklahoma City, Oklahoma.
  • Total assets for all Oklahoma state-chartered banks were over $99.9 billion as of June 30, 2024. This market size is for the region of Oklahoma.
• Lending (Commercial Real Estate, Residential Real Estate, Personal Loans):
  • Total loans for Oklahoma state-chartered banks were $62.19 billion as of June 30, 2024. This market size is for the region of Oklahoma.
  • The average home sale price in Oklahoma is $205,000.00, with an average loan amount of $202,390.00. This market data is for the region of Oklahoma.
• Wealth Management / Trust & Investment Services: The global wealth management market was valued at $1.25 trillion in 2020 and is projected to reach $3.43 trillion by 2030, growing at a CAGR of 10.7% from 2021 to 2030. While this provides a global context, specific regional market sizing for Oklahoma or Texas was not available in the provided search results.
• Insurance Services: null

Here are 3-5 expected drivers of future revenue growth for BancFirst (BANF) over the next 2-3 years:

1. Strategic Acquisitions and Market Expansion: BancFirst is actively pursuing growth through strategic acquisitions, notably the planned acquisition of American Bank of Oklahoma (ABOK). This acquisition is expected to close in Q3 2025, with integration anticipated in Q4 2025. This move is projected to add approximately $385 million in total assets, including $320 million in deposits and $280 million in loans, and expand BancFirst's presence into two new communities in Northeastern Oklahoma. This strategic expansion enhances the company's regional footprint and customer base.
2. Consistent Loan Volume Growth: A primary driver of BancFirst's net interest income has been, and is expected to continue to be, higher loan volume and general growth in earning assets. The company reported significant loan growth in recent quarters, with loans increasing by $254.0 million from December 31, 2024, to September 30, 2025, reaching $8.3 billion. This sustained increase in lending activities directly contributes to interest income.
3. Effective Net Interest Margin (NIM) Management in Changing Interest Rate Environment: BancFirst's net interest margin has remained relatively stable (e.g., 3.75% in Q2 2025 and 3.79% in Q3 2025), and the company is positioned for potential Federal Reserve interest rate cuts in the latter half of 2025. While the direct impact of rate cuts on NIM can vary, the company's ability to prudently manage its asset and liability mix in a dynamic rate environment will be key to sustaining and potentially growing net interest income.
4. Growth in Noninterest Income: BancFirst has demonstrated an increasing trend in noninterest income, which contributes to its overall revenue diversification. Recent earnings reports highlight growth in various noninterest income categories, including trust revenue, treasury income, sweep fees, and insurance commissions. Continued expansion and strong performance in these fee-based services are expected to bolster future revenue.
5. Robust Deposit Growth and Community-Focused Model: The company has consistently shown strong deposit inflows, reflecting its success in strengthening community relationships and customer loyalty. Deposits totaled $12.1 billion as of June 30, 2025, a substantial increase from the prior year. As of September 30, 2025, deposits continued to show an increase of $399.8 million from year-end 2024. This healthy and growing deposit base provides a stable and cost-effective funding source for BancFirst's lending and investment activities, supporting overall asset growth and revenue generation.

Share Repurchases

• BancFirst has a Stock Repurchase Program (SRP) that may be utilized to increase earnings per share and return on equity.
• The SRP can also be used to purchase treasury stock for the issuance of shares related to stock-based compensation plans and to provide liquidity for optionees and stockholders.
• All shares repurchased under the SRP are retired and not held as treasury stock.

Share Issuance

• The company issued common stock for stock options and engaged in stock-based compensation arrangements.
• Stock-based compensation expense for the six months ended June 30, 2025, was $1.709 million.
• Stock-based compensation expense for the six months ended June 30, 2024, was $1.635 million.

Outbound Investments

• BancFirst entered into an agreement to acquire American Bank of Oklahoma (ABOK), a privately held community bank with approximately $385 million in total assets, $280 million in loans, and $320 million in deposits, expected to close in Q3 2025.
• In April 2023, BancFirst acquired the Stroud, Oklahoma branch of RCB Bank, which included approximately $13.6 million in total assets, with $2.2 million in loans and $13.0 million in deposits.
• The company makes community investments in low-income housing and new market tax credit investments to support development and generate tax credits.

Capital Expenditures

• Capital expenditures are generally charged to the business unit utilizing the asset.
• The primary focus of capital expenditures includes BancFirst metropolitan banks, BancFirst community banks, Pegasus Bank, and Worthington Bank.
• Other areas for capital expenditures include other financial services and executive, operations, support, and eliminations.