BancFirst (BANF) Q1 2026 earnings summary

Executive summary

• Net income for Q1 2026 was $63.0 million, up from $56.1 million in Q1 2025, with diluted EPS of $1.85 versus $1.66 year-over-year.

• Net interest income rose to $127.6 million from $115.9 million, driven by higher loan volume and asset growth.

• Total assets reached $15.1 billion, an increase of $277.6 million since year-end 2025; loans grew by $51.4 million to $8.6 billion.

• Deposits increased by $230.7 million to $12.9 billion; stockholders' equity rose by $47.8 million to $1.9 billion.

Financial highlights

• Net interest margin was 3.74% in Q1 2026, up from 3.70% in Q1 2025.

• Provision for credit losses was $2.1 million, compared to $1.6 million a year earlier.

• Noninterest income totaled $51.4 million, up from $49.0 million, with increases in trust revenue, service charges, and securities transactions.

• Noninterest expense rose to $96.8 million, mainly due to higher salaries and benefits and ABOK conversion costs.

• Efficiency ratio improved to 54.07% from 55.92% year-over-year.

Outlook and guidance

• Management expects continued growth in earning assets and stable credit quality, but notes risks from economic conditions, interest rates, and regulatory changes.

• No material changes in risk factors or liquidity outlook since the last annual report.