Company: BANFP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-030159
Chunk: 241

Company: BANCFIRST CORP /OK/
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 241
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1,081,943

        10.43
        %

        414,882

        4.00
        %
         
        N/A

        N/A

        $
        518,603

        5.00
        %

        Pegasus

        130,792

        10.56
        %

        49,529

        4.00
        %
         
        N/A

        N/A

        61,911

        5.00
        %

        Worthington

        47,690

        8.62
        %

        22,140

        4.00
        %
         
        N/A

        N/A

        27,675

        5.00
        %

 89 

As of December 31, 2024, BancFirst, Pegasus and Worthington were classified by the Federal Reserve as “well capitalized” under the prompt corrective action provisions. The Common Equity Tier 1 Capital of BancFirst Corporation, BancFirst, Pegasus and Worthington includes common stock and related paid-in capital and retained earnings. In connection with the adoption of the Basel III Capital Rules, the election was made to opt-out of the requirement to include most components of accumulated other comprehensive income in Common Equity Tier 1 Capital. Common Equity Tier 1 Capital for BancFirst Corporation, BancFirst, Pegasus and Worthington is reduced by goodwill and other intangible assets, net of associated deferred tax liabilities. The Company’s trust preferred securities qualify as Tier 1 capital and its Subordinated Notes qualify as Tier 2 capital. BancFirst, Pegasus and Worthington have had no events or conditions that management believes would materially change their category under capital requirements existing as of the report dates.

(16) NET INCOME PER COMMON SHARE Basic and diluted net income per common share are calculated as follows:  

        Year ended December 31,

        2024

        2023

        2022

        (Dollars in thousands, except per share data)

        (Numerator)

        Income available to common stockholders
         
        $
        216,354

        $
        212,465

        $
        193,100

        (Denominator)

        Weighted-average shares outstanding for basic earnings per common share

        33,055,152

        32,919,348

        32,778,355