BancFirst Corporation Reports $66.7 Million Net Income in Q2 2026, Up from $62.3 Million Last Year

BancFirst Corporation reported a net income of $66.7 million for the second quarter of 2026, reflecting an increase from $62.3 million in the same period last year. The diluted earnings per share rose to $1.96, up from $1.85 in the prior year. The company's net interest income also saw a significant increase, reaching $133.5 million compared to $121.3 million in the second quarter of 2025, driven primarily by higher loan volumes and growth in earning assets. The net interest margin improved to 3.84%, up from 3.75% year-over-year.

In terms of overall financial performance, BancFirst's total assets increased to $15.1 billion as of June 30, 2026, a rise of $243.4 million from the end of 2025. Total loans grew by $110.6 million, totaling $8.7 billion, while total deposits increased by $155.9 million to $12.8 billion. The company’s stockholders’ equity also rose to $2.0 billion, marking an increase of $103 million over the previous period. The growth in deposits was attributed to a stable core deposit base, which accounted for 95.2% of total deposits.

BancFirst has been active in strategic acquisitions, having completed the acquisition of American Bank of Oklahoma in November 2025, which was merged into BancFirst in February 2026. The company also announced plans to acquire Spirit BankCorp, Inc., with the transaction expected to close in the fourth quarter of 2026, pending regulatory approvals. This acquisition is anticipated to enhance BancFirst's market presence in Oklahoma, as Spirit Bank has approximately $939.6 million in total assets.

Operationally, the company reported a provision for credit losses of $4.9 million in the second quarter of 2026, compared to $1.4 million in the same quarter of 2025. Noninterest income increased to $53.9 million, up from $48.0 million, driven by growth in trust revenue and service charges on deposits. However, noninterest expenses also rose to $97.5 million, primarily due to increased salaries and employee benefits, which grew by $5.2 million.

Looking ahead, BancFirst remains optimistic about its growth trajectory, supported by its strong financial position and strategic acquisitions. The company continues to monitor economic conditions and credit quality indicators closely, as it anticipates potential impacts from market fluctuations and regulatory changes. The management's focus on maintaining a robust capital position and enhancing operational efficiency is expected to support future growth and profitability.