BancFirst Corporation reported a net income of $62.7 million for the third quarter of 2025, reflecting a 4.0% increase from $58.9 million in the same period last year. Diluted earnings per share rose to $1.85, up from $1.75 in the prior year. The company's net interest income also saw an increase, reaching $125.6 million, compared to $114.9 million in the third quarter of 2024, driven by higher loan volumes and growth in earning assets. The net interest margin improved slightly to 3.79% from 3.78% year-over-year.
Total assets for BancFirst increased to $14.2 billion as of September 30, 2025, a rise of $643.8 million from the end of 2024. Loans held for investment grew by $254 million, totaling $8.3 billion, while total deposits increased by $399.8 million to $12.1 billion. The company’s allowance for credit losses stood at 1.20% of total loans, down from 1.24% at the end of 2024, indicating stable asset quality. Nonaccrual loans decreased slightly to $57.3 million, representing 0.69% of total loans.
In terms of operational developments, BancFirst announced its agreement to acquire American Bank of Oklahoma, a community bank with approximately $385 million in total assets. This acquisition is expected to close in the fourth quarter of 2025, with the integration into BancFirst anticipated in early 2026. The company continues to focus on expanding its market presence, particularly in Oklahoma and Texas, where it operates multiple banking locations.
BancFirst's noninterest income for the third quarter of 2025 totaled $49.9 million, an increase from $48.7 million in the previous year, with notable contributions from trust revenue and treasury income. However, noninterest expenses also rose to $92.1 million, primarily due to increased salaries and employee benefits. The company’s efficiency ratio improved slightly to 52.47% from 52.99% year-over-year, reflecting better cost management relative to income.
Looking ahead, BancFirst remains optimistic about its growth trajectory, supported by a strong capital position and a diversified revenue stream. The company’s total stockholders’ equity increased to $1.8 billion, bolstered by retained earnings and stock issuances related to compensation plans. Management anticipates continued growth in both loans and deposits, while maintaining a focus on asset quality and operational efficiency in a competitive banking environment.
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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