BancFirst Corporation Reports $62.3 Million Net Income in Q2 2025, Announces Acquisition of American Bank of Oklahoma

BancFirst Corporation reported a net income of $62.3 million for the second quarter of 2025, a significant increase from $50.6 million in the same period last year. This translates to a diluted earnings per share of $1.85, up from $1.51 in the prior year. The company's net interest income also saw a rise, reaching $121.3 million compared to $109.9 million in the second quarter of 2024, driven primarily by higher loan volumes and growth in earning assets. The net interest margin remained stable at 3.75%, slightly down from 3.76% a year earlier.

In terms of overall financial performance, BancFirst's total assets increased to $14.0 billion as of June 30, 2025, up from $13.6 billion at the end of 2024. The growth in assets was supported by a $91.3 million increase in loans, totaling $8.1 billion, and a $337.6 million rise in deposits, which reached $12.1 billion. The company’s allowance for credit losses decreased to 1.19% of total loans, down from 1.24% at year-end 2024, reflecting improved credit quality. Nonaccrual loans also declined to $49.9 million, representing 0.61% of total loans, compared to 0.72% at the end of 2024.

Strategically, 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 third quarter of 2025, pending regulatory approvals. The company continues to focus on expanding its market presence, particularly in Oklahoma and Texas, where it operates through its various banking subsidiaries.

Operationally, BancFirst reported a total of 33,272,131 shares outstanding as of June 30, 2025, with a book value per share of $51.94, up from $48.81 at the end of 2024. The company’s stockholders' equity increased to $1.7 billion, reflecting a strong capital position. The company also maintained a healthy liquidity profile, with cash and due from banks, federal funds sold, and interest-bearing deposits totaling $4.0 billion, representing 28.5% of total assets.

Looking ahead, BancFirst remains optimistic about its growth trajectory, supported by a solid loan portfolio and strategic acquisitions. The company anticipates continued improvement in its financial performance, although it acknowledges potential risks related to economic conditions and regulatory changes that could impact its operations.