BancFirst Corporation reported a net income of $240.6 million for the fiscal year ending December 31, 2025, translating to $7.11 per diluted share, an increase from $216.4 million or $6.44 per diluted share in 2024. The company's net interest income rose to $490.5 million, up from $446.9 million in the previous year, primarily driven by higher loan volumes and growth in other earning assets. The net interest margin slightly increased to 3.74% from 3.73% in 2024. The provision for credit losses decreased to $5.7 million from $9.0 million, reflecting lower loss rates in recent periods.
In terms of operational developments, BancFirst's total assets grew to $14.8 billion, an increase of $1.3 billion from the previous year. Loans held for investment rose by $511.5 million to $8.5 billion, while total deposits increased by $951.8 million to $12.7 billion. The acquisition of American Bank of Oklahoma (ABOK) in November 2025 contributed significantly to this growth, adding approximately $243.1 million in loans and $329.5 million in deposits. The company now operates 109 banking locations across Oklahoma, along with additional branches in Texas through its subsidiaries Pegasus and Worthington.
BancFirst's asset quality remained stable, with nonaccrual loans totaling $61.1 million, representing 0.72% of total loans, unchanged from the previous year. The allowance for credit losses to total loans was 1.22%, slightly down from 1.24% in 2024. The company reported net charge-offs of $8.5 million for 2025, compared to $6.3 million in 2024. The company’s strong community orientation and decentralized management approach have allowed it to maintain high-quality service and develop long-term customer relationships.
Looking ahead, BancFirst's management expressed confidence in the company's ability to continue its growth trajectory, supported by a strong capital position and a diversified loan portfolio. The company’s total stockholders' equity increased to $1.9 billion, with a leverage ratio well above regulatory requirements. The company plans to maintain its dividend policy, with $204.9 million of equity available for dividends without regulatory approval as of January 1, 2026. The outlook remains positive, with expectations for continued profitability and strategic growth through both organic means and potential acquisitions.
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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