Company: BANFP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-030159
Chunk: 114

Company: BANCFIRST CORP /OK/
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 114
---
        2,947

        2,116

        Stock-based compensation

        2,178

        2,199

        Investments in partnership interests

        8,319

        7,260

        Other

        1,284

        911

        Gross deferred tax assets

        48,517

        53,263

        Intangibles

        (4,929
        )

        (5,639
        )

        Basis difference related to tax credits

        (6,806
        )

        (5,462
        )

        Depreciation

        (19,406
        )

        (21,833
        )

        Prepaid expense deducted

        (1,243
        )

        (1,243
        )

        Other

        (308
        )

        (181
        )

        Gross deferred tax liabilities

        (32,692
        )

        (34,358
        )

        Net deferred tax asset
         
        $
        15,825

        $
        18,905

        The Company recognizes accrued interest and penalties related to unrecognized tax benefits, if applicable, in income tax expense. During the years ended December 31, 2024, 2023 and 2022, the Company did not recognize or accrue any interest and penalties related to unrecognized tax benefits. Federal and various state income tax statutes dictate that tax returns filed in any of the previous three reporting periods remain open to examination, which includes tax return years 2021 to 2023. The Company has no open examinations with either the Internal Revenue Service or any state agency. Management performs an analysis of the Company’s tax position annually and believes it is more likely than not that all of its tax positions will be utilized in future years.

 84 

(13) STOCK-BASED COMPENSATION On May 25, 2023, the shareholders of the Company adopted the BancFirst Corporation 2023 Restricted Stock Unit Plan (the "RSU Plan"). The RSU Plan was effective as of June 1, 2023 and for a period of ten years thereafter. The RSU Plan will continue in effect after such ten-year period until all matters relating to the payment of awards and administration of the RSU Plan have been settled. At December 31, 2024 there were 457,175 shares available for future grants. The restricted stock units ("RSU's") vest beginning two years