Company: BANFP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-030159
Chunk: 169

Company: BANCFIRST CORP /OK/
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 169
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ATED FINANCIAL DATA

    (Dollars in thousands, except per share data)

    At and for the Year Ended December 31,

    2024

    2023

    2022

    Income Statement Data

    Net interest income
     
    $
    446,874

    $
    424,456

    $
    373,673

    Provision for credit losses

    9,004

    7,458

    10,076

    Noninterest income

    184,575

    185,408

    183,747

    Noninterest expense

    347,164

    332,458

    309,912

    Net income

    216,354

    212,465

    193,100

    Per Common Share Data

    Net income – basic
     
    $
    6.55

    $
    6.45

    $
    5.89

    Net income – diluted

    6.44

    6.34

    5.77

    Cash dividends

    1.78

    1.66

    1.52

    Selected Financial Ratios

    Performance ratios:

    Return on average assets

    1.68
    %

    1.75
    %

    1.56
    %

    Return on average stockholders’ equity

    14.23

    15.89

    16.11

    Cash dividends payout ratio

    27.18

    25.74

    25.81

    Net interest spread

    2.29

    2.42

    2.93

    Net interest margin

    3.73

    3.79

    3.29

    Efficiency ratio

    54.98

    54.51

    55.60

Net Interest Income 

Net interest income, which is the Company’s principal source of operating revenue, increased $22.4 million in 2024. The primary driver of the increase in net interest income was higher interest rates and loan volume. Higher interest rates and increasing loan volume were partially offset by the expense associated with the increase in rates on interest-bearing deposits.

Changes in the volume of earning assets and interest-bearing liabilities and changes in interest rates, determine the changes in net interest income