Tearsheet

BancFirst (BANF)


Market Price (12/28/2025): $109.825 | Market Cap: $3.7 Bil
Sector: Financials | Industry: Regional Banks

BancFirst (BANF)


Market Price (12/28/2025): $109.825
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 8.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.0%, FCF Yield is 5.4%
Weak multi-year price returns
2Y Excs Rtn is -29%, 3Y Excs Rtn is -49%
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.
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 -118%
  
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 37%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 29%
  
3 Low stock price volatility
Vol 12M is 27%
  
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.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.0%, FCF Yield is 5.4%
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 -118%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 37%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 29%
3 Low stock price volatility
Vol 12M is 27%
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 -49%
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.

Valuation, Metrics & Events

BANF Stock


Why The Stock Moved


Qualitative Assessment

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Here are the key points for why BancFirst (symbol: BANF) stock moved by approximately -17.2% during the period from August 31, 2025, to December 28, 2025:

1. <b>1. Missing Q3 Earnings Estimates</b><br><br>BancFirst reported its third-quarter 2025 earnings on October 17, 2025, with a net income of $1.85 per diluted share. This figure, while an increase from the prior year, missed analysts' consensus estimates of $1.87 per share, which can negatively impact investor sentiment and stock price.

2. <b>2. Increased Provision for Credit Losses</b><br><br>In the third quarter of 2025, BancFirst increased its provision for credit losses on loans to $4.2 million, up from $3.0 million in the same period of 2024. This increase suggests a more cautious outlook on potential loan defaults, despite the company reporting continued strong asset quality.

3. <b>3. Caution on Economic Outlook and Federal Reserve Rate Cut</b><br><br>Despite a strong financial performance, BancFirst management expressed caution regarding potential economic downturns in their regional economy. Additionally, the Federal Reserve's decision in September 2025 to reduce interest rates by 25 basis points, the first such cut since December 2024, signaled mixed economic conditions that could impact BancFirst's future profitability and strategic direction.

4. <b>4. Growth in Noninterest Expense</b><br><br>The company experienced an increase in noninterest expense, which grew to $92.1 million in the third quarter of 2025, compared to $86.7 million in the third quarter of 2024. This rise was primarily attributed to higher salaries and employee benefits, occupancy expenses (including repairs and maintenance), and increased professional fees.

5. <b>5. Analyst Price Target Reductions</b><br><br>During the latter part of 2025, notably around November, several analyst firms revised their price targets for BancFirst downwards. For instance, KBW lowered its price target to $120, and DA Davidson reduced its target to $125. Such revisions often reflect a more conservative future outlook by financial analysts and can contribute to negative stock price movement.

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Stock Movement Drivers

Fundamental Drivers

The -16.1% change in BANF stock from 9/27/2025 to 12/27/2025 was primarily driven by a -17.3% change in the company's P/E Multiple.
927202512272025Change
Stock Price ($)130.79109.73-16.10%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)660.75672.561.79%
Net Income Margin (%)35.39%35.33%-0.18%
P/E Multiple18.6015.38-17.29%
Shares Outstanding (Mil)33.2633.31-0.17%
Cumulative Contribution-16.10%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025
ReturnCorrelation
BANF-16.1% 
Market (SPY)4.3%43.0%
Sector (XLF)3.3%71.2%

Fundamental Drivers

The -11.6% change in BANF stock from 6/28/2025 to 12/27/2025 was primarily driven by a -17.1% change in the company's P/E Multiple.
628202512272025Change
Stock Price ($)124.07109.73-11.56%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)645.29672.564.23%
Net Income Margin (%)34.42%35.33%2.62%
P/E Multiple18.5615.38-17.12%
Shares Outstanding (Mil)33.2333.31-0.23%
Cumulative Contribution-11.56%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025
ReturnCorrelation
BANF-11.6% 
Market (SPY)12.6%42.4%
Sector (XLF)7.4%63.5%

Fundamental Drivers

The -7.0% change in BANF stock from 12/27/2024 to 12/27/2025 was primarily driven by a -17.8% change in the company's P/E Multiple.
1227202412272025Change
Stock Price ($)118.04109.73-7.04%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)618.74672.568.70%
Net Income Margin (%)33.75%35.33%4.67%
P/E Multiple18.7115.38-17.77%
Shares Outstanding (Mil)33.1033.31-0.64%
Cumulative Contribution-7.04%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025
ReturnCorrelation
BANF-7.0% 
Market (SPY)17.0%55.5%
Sector (XLF)15.3%65.4%

Fundamental Drivers

The 31.7% change in BANF stock from 12/28/2022 to 12/27/2025 was primarily driven by a 29.2% change in the company's Total Revenues ($ Mil).
1228202212272025Change
Stock Price ($)83.33109.7331.68%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)520.49672.5629.22%
Net Income Margin (%)33.46%35.33%5.59%
P/E Multiple15.7115.38-2.06%
Shares Outstanding (Mil)32.8333.31-1.48%
Cumulative Contribution31.65%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025
ReturnCorrelation
BANF13.6% 
Market (SPY)48.0%47.4%
Sector (XLF)51.3%66.0%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
BANF Return-3%23%27%12%23%-5%98%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
BANF Win Rate58%50%75%50%50%67% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
BANF Max Drawdown-56%-7%0%-18%-16%-14% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[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] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventBANFS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-38.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven63.4%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven552 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-57.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven133.1%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven294 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-24.9%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven33.2%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven752 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-59.8%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven148.5%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven2,776 days1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

BancFirst's stock fell -38.8% during the 2022 Inflation Shock from a high on 8/15/2022. A -38.8% loss requires a 63.4% gain to breakeven.

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About BancFirst (BANF)

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. It operates through Metropolitan Banks, Community Banks, Pegasus Bank, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services. It also provides commercial, financial, and other loans for working capital, facilities acquisition or expansion, purchase of equipment, and other needs; lending services that include private banking, energy, commercial and residential real estate, and commercial and industrial loans; and loans to finance purchases of consumer goods, such as automobiles, boats, household goods, vacations, and education. In addition, the company engages in the investment management and administration of trusts for individuals, corporations, and employee benefit plans, as well as bond trustee and paying agent business for various Oklahoma municipalities and governmental entities; and provision of item processing, research, and other correspondent banking services. Further, it is involved in real estate investment and insurance agency services; and providing funds transfer, collection, safe deposit box, cash management, and other services. The company serves customers in non-metropolitan trade centers and cities in the metropolitan statistical areas of Oklahoma. It operates through 108 banking locations in Oklahoma and 3 banking locations in Dallas, Texas. The company was formerly known as United Community Corporation and changed its name to BancFirst Corporation in November 1988. BancFirst Corporation was incorporated in 1984 and is headquartered in Oklahoma City, Oklahoma.

AI Analysis | Feedback

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.

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  • 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.

AI Analysis | Feedback

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.

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  • Fiserv (FI)

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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).

AI Analysis | Feedback

The key risks to BancFirst's business include:

  1. Interest Rate Fluctuations: Changes in market interest rates can significantly impact BancFirst's net interest margin and overall profitability. The company is exposed to market risks, including interest rate and liquidity risks, and employs asset-liability management strategies to mitigate these, although external factors can affect their effectiveness.
  2. Credit and Lending Risks: BancFirst faces inherent credit and lending risks, particularly due to its substantial real estate loan portfolio. The volatility within the energy sector, especially in Oklahoma and Texas where BancFirst operates, could also adversely affect loan demand and credit quality. Recent reports have noted an increase in net charge-offs, signaling emerging credit risk that requires attention.
  3. Competitive Environment: BancFirst operates within a highly competitive banking landscape, particularly in Oklahoma and North Texas. The company faces competition from a range of local, regional, and national financial institutions, which could influence interest rates, fees, and the quality of services offered.

AI Analysis | Feedback

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.

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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

AI Analysis | Feedback

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.

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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.

Trade Ideas

Select ideas related to BANF. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
WU_11212025_Dip_Buyer_FCFYield11212025WUWestern UnionDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
14.5%14.5%-0.4%
COIN_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025COINCoinbase GlobalMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-1.5%-1.5%-1.5%
PYPL_11142025_Dip_Buyer_FCFYield11142025PYPLPayPalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-4.5%-4.5%-7.5%
V_11142025_Monopoly_xInd_xCD_Getting_Cheaper11142025VVisaMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
7.6%7.6%-2.7%
WD_11072025_Dip_Buyer_ValueBuy11072025WDWalker & DunlopDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-11.1%-11.1%-12.1%
BANF_9302022_Quality_Momentum_RoomToRun_10%09302022BANFBancFirstQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
-6.2%-1.2%-19.2%

Recent Active Movers

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Peer Comparisons for BancFirst

Peers to compare with:

Financials

BANFHPQHPEIBMCSCOAAPLMedian
NameBancFirstHP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price109.7323.2624.49305.0978.16273.4093.94
Mkt Cap3.721.932.6284.9309.24,074.4158.8
Rev LTM67355,29534,29665,40257,696408,62556,496
Op Inc LTM-3,6241,64411,54412,991130,21411,544
FCF LTM1962,80062711,85412,73396,1847,327
FCF 3Y Avg2242,9781,40011,75313,879100,5037,366
CFO LTM2483,6972,91913,48313,744108,5658,590
CFO 3Y Avg2573,6723,89613,49814,736111,5598,697

Growth & Margins

BANFHPQHPEIBMCSCOAAPLMedian
NameBancFirstHP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM8.7%3.2%13.8%4.5%8.9%6.0%7.3%
Rev Chg 3Y Avg9.2%-3.9%6.5%2.6%3.7%1.8%3.2%
Rev Chg Q7.2%4.2%14.4%9.1%7.5%9.6%8.3%
QoQ Delta Rev Chg LTM1.8%1.1%3.7%2.1%1.8%2.1%2.0%
Op Mgn LTM-6.6%4.8%17.7%22.5%31.9%17.7%
Op Mgn 3Y Avg-7.4%7.2%16.4%24.2%30.8%16.4%
QoQ Delta Op Mgn LTM--0.2%-1.4%0.6%0.4%0.1%0.1%
CFO/Rev LTM36.8%6.7%8.5%20.6%23.8%26.6%22.2%
CFO/Rev 3Y Avg40.5%6.8%12.7%21.4%26.1%28.4%23.8%
FCF/Rev LTM29.1%5.1%1.8%18.1%22.1%23.5%20.1%
FCF/Rev 3Y Avg35.3%5.5%4.6%18.6%24.6%25.6%21.6%

Valuation

BANFHPQHPEIBMCSCOAAPLMedian
NameBancFirstHP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap3.721.932.6284.9309.24,074.4158.8
P/S5.40.41.04.45.410.04.9
P/EBIT-6.819.925.122.531.322.5
P/E15.48.6572.736.029.941.033.0
P/CFO14.85.911.221.122.537.517.9
Total Yield8.2%14.1%2.3%5.0%5.4%2.8%5.2%
Dividend Yield1.7%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg6.5%10.6%5.5%6.4%6.0%3.1%6.2%
D/E0.00.50.70.20.10.00.2
Net D/E-1.20.30.60.20.00.00.1

Returns

BANFHPQHPEIBMCSCOAAPLMedian
NameBancFirstHP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn-1.7%-1.8%14.4%0.6%2.7%-1.5%-0.4%
3M Rtn-16.1%-11.9%2.7%7.9%17.0%7.1%4.9%
6M Rtn-11.6%-4.0%34.5%6.6%15.2%36.3%10.9%
12M Rtn-7.0%-27.0%16.2%40.5%34.5%7.5%11.8%
3Y Rtn31.7%-1.9%71.1%143.1%81.3%120.2%76.2%
1M Excs Rtn-5.5%-5.6%12.9%-2.2%-0.0%-3.7%-3.0%
3M Excs Rtn-20.4%-16.2%-1.7%3.6%12.7%2.8%0.6%
6M Excs Rtn-23.8%-16.3%22.3%-5.7%3.0%24.0%-1.3%
12M Excs Rtn-22.0%-42.9%-0.7%25.0%19.9%-8.4%-4.6%
3Y Excs Rtn-49.4%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

FDIC Bank Data

Financials

Segment Financials

Assets by Segment
$ Mil20242023202220212020
BancFirst Community Banks7,0136,8865,8215,5284,998
BancFirst Metropolitan Banks3,5993,4122,6282,7302,806
Executive, Operations & Support1,3081,4731,2021,074951
Pegasus1,2811,4041,046920738
Worthington600541   
Other Financial Services12217272137102
Eliminations-1,550-1,501-1,363-1,175-1,030
Total12,37212,3889,4069,2128,566


Price Behavior

Price Behavior
Market Price$109.73 
Market Cap ($ Bil)3.7 
First Trading Date03/26/1990 
Distance from 52W High-19.3% 
   50 Days200 Days
DMA Price$111.01$119.49
DMA Trendindeterminatedown
Distance from DMA-1.1%-8.2%
 3M1YR
Volatility26.0%27.3%
Downside Capture101.6489.78
Upside Capture-3.3868.49
Correlation (SPY)41.3%55.6%
BANF Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta1.070.960.921.160.820.95
Up Beta1.131.321.581.870.761.01
Down Beta1.341.321.181.340.800.80
Up Capture117%16%3%49%67%79%
Bmk +ve Days12253873141426
Stock +ve Days11182758123377
Down Capture93%114%112%117%100%101%
Bmk -ve Days7162452107323
Stock -ve Days8233567125370

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of BANF With Other Asset Classes (Last 1Y)
 BANFSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-6.2%16.3%17.8%72.1%8.6%4.4%-8.2%
Annualized Volatility27.2%19.0%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio-0.250.670.722.700.340.09-0.08
Correlation With Other Assets 65.5%55.7%-1.7%13.2%51.2%26.6%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of BANF With Other Asset Classes (Last 5Y)
 BANFSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return16.2%16.1%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility30.9%18.9%17.1%15.5%18.7%18.9%48.6%
Sharpe Ratio0.530.710.700.970.500.160.57
Correlation With Other Assets 59.9%41.4%-0.3%10.2%38.2%19.1%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of BANF With Other Asset Classes (Last 10Y)
 BANFSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return16.4%13.2%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility35.6%22.3%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio0.530.550.710.860.320.220.90
Correlation With Other Assets 67.5%50.4%-7.2%20.6%45.4%15.7%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity855,597
Short Interest: % Change Since 113020250.1%
Average Daily Volume123,867
Days-to-Cover Short Interest6.91
Basic Shares Quantity33,310,290
Short % of Basic Shares2.6%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
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%
...
SUMMARY STATS   
# Positive8710
# Negative785
Median Positive3.1%6.3%6.2%
Median Negative-1.4%-4.2%-4.0%
Max Positive10.4%14.6%19.5%
Max Negative-3.6%-7.7%-6.2%

SEC Filings

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Report DateFiling DateFiling
93020251107202510-Q 9/30/2025
6302025805202510-Q 6/30/2025
3312025509202510-Q 3/31/2025
12312024228202510-K 12/31/2024
93020241105202410-Q 9/30/2024
6302024806202410-Q 6/30/2024
3312024507202410-Q 3/31/2024
12312023227202410-K 12/31/2023
93020231106202310-Q 9/30/2023
6302023804202310-Q 6/30/2023
3312023509202310-Q 3/31/2023
12312022224202310-K 12/31/2022
93020221104202210-Q 9/30/2022
6302022805202210-Q 6/30/2022
3312022506202210-Q 3/31/2022
12312021225202210-K 12/31/2021