BancFirst Corporation reported a net income of $63.0 million for the first quarter of 2026, reflecting an increase from $56.1 million in the same period last year. This translates to diluted earnings per share of $1.85, up from $1.66 in the first quarter of 2025. The company's net interest income rose to $127.6 million, a 10.1% increase from $115.9 million in the prior year, primarily driven by higher loan volumes and growth in earning assets. The net interest margin improved to 3.74% from 3.70% year-over-year.
Total assets for BancFirst increased to $15.1 billion as of March 31, 2026, up $277.6 million from $14.8 billion at the end of 2025. Loans held for investment grew by $51.4 million to $8.6 billion, while total deposits rose by $230.7 million to $12.9 billion. The increase in deposits was attributed to a rise in noninterest-bearing demand deposits, which accounted for 31.8% of total deposits, compared to 30.8% at the end of the previous year.
The company’s noninterest income also saw a rise, totaling $51.4 million, compared to $48.9 million in the first quarter of 2025. This increase was supported by higher trust revenue, service charges on deposits, and treasury income, although it was partially offset by a decline in insurance commissions. Noninterest expenses increased to $96.8 million, primarily due to higher salaries and employee benefits, which rose by $4.3 million.
BancFirst's acquisition of American Bank of Oklahoma (ABOK) in November 2025 contributed to its growth strategy, with ABOK being merged into BancFirst in February 2026. The acquisition added approximately $416.6 million in assets and $244 million in loans to BancFirst's portfolio. The company recorded a core deposit intangible of about $11.6 million and goodwill of approximately $1.1 million related to this acquisition.
Looking ahead, BancFirst remains optimistic about its growth trajectory, supported by a strong capital position and a focus on expanding its banking communities in Oklahoma. The company’s total stockholders' equity increased to $1.9 billion, reflecting a solid capital base to support future growth initiatives. The management anticipates continued growth in net interest income and noninterest income, while maintaining a strong focus on credit quality and operational efficiency.
About BANCFIRST CORP /OK/
BancFirst Corporation is a financial holding company operating primarily through its wholly-owned state-chartered banks in Oklahoma and Texas. It offers a broad range of commercial and retail banking services, including lending, deposit accounts, cash management, trust, and insurance services, targeting individuals, small to medium-sized businesses, and local communities. BancFirst emphasizes community banking with decentralized decision-making, funded mainly by core deposits, and focuses on personalized service and operational efficiency.
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