# EDGAR Filing Document

**Accession Number:** 0000760498
**File Stem:** 0000950170-25-096620
**Filing Date:** 2025-7
**Character Count:** 28993
**Document Hash:** 79aae86152177f550c9803c5b3a7efba
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-096620.hdr.sgml**: 20250717

**ACCESSION NUMBER**: 0000950170-25-096620

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20250717

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250717

**DATE AS OF CHANGE**: 20250717

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BANCFIRST CORP /OK/
- **CENTRAL INDEX KEY:** 0000760498
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 731221379
- **STATE OF INCORPORATION:** OK
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-14384
- **FILM NUMBER:** 251130873

**BUSINESS ADDRESS:**
- **STREET 1:** 100 NORTH BROADWAY AVE
- **CITY:** OKLAHOMA CITY
- **STATE:** OK
- **ZIP:** 73102-8401
- **BUSINESS PHONE:** 4052701000

**MAIL ADDRESS:**
- **STREET 1:** 100 NORTH BROADWAY AVE
- **CITY:** OKLAHOMA CITY
- **STATE:** OK
- **ZIP:** 73102-8401

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UNITED COMMUNITY CORP
- **DATE OF NAME CHANGE:** 19890401

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

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## **FORM** 8-K

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** July 17, 2025<br>

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BancFirst Corporation

**(Exact name of Registrant as Specified in Its Charter)**

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| | | |
|:---|:---|:---|
| Oklahoma | 0-14384 | 73-1221379 |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| 100 N. Broadway Ave. |  |  |
| Oklahoma City**,** Oklahoma |  | 73102-8405 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

---

**Registrant's Telephone Number, Including Area Code:** 405 270-1086<br>

Not Applicable

**(Former Name or Former Address, if Changed Since Last Report)**

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | |
|:---|:---|
| **<br>Title of each class** | **<br>Name of each exchange on which registered** |
| Common Stock, $1.00 Par Value Per Share<br> BANF | Nasdaq Global Select Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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## **Item 2.02 Results of Operations and Financial Condition.** 
**BancFirst Corporation Reports Second Quarter Earnings**

On July 17, 2025, BancFirst Corporation announced its results of operations for the quarter ended June 30, 2025. A copy of the related press release is being filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference in its entirety.

## **Item 9.01 Financial Statements and Exhibits.** 

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| | |
|:---|:---|
| **(d)** | **Exhibits.** |
| **<u>Exhibit No.</u>**  | **<u>Description</u>** |
| 99.1 | [<u>Press Release, dated July 17, 2025, issued by BancFirst Corporation titled "BancFirst Corporation Reports Second Quarter Earnings."</u>](banf-ex99_1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the inline XBRL document).  |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
|  |  |  | **BANCFIRST CORPORATION** |
| Date: | July 17, 2025 | By:  | /s/ Hannah Andrus |
|  |  |  | Hannah Andrus<br>Executive Vice President<br>Chief Financial Officer |

---

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## Exhibit 99.1

**Exhibit 99.1**

![img44656334_0.jpg](img44656334_0.jpg)

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| | |
|:---|:---|
|  | 100 N. Broadway Ave |
| **FOR IMMEDIATE RELEASE** | Oklahoma City, OK 73102 |
| Thursday, July 17, 2025 | <u>www.bancfirst.bank</u> |

---

**BANCFIRST CORPORATION REPORTS SECOND QUARTER EARNINGS**

BancFirst Corporation (NASDAQ GS:BANF) reported net income of $62.3 million, or $1.85 per diluted share, for the second quarter of 2025 compared to net income of $50.6 million, or $1.51 per diluted share, for the second quarter of 2024.

The Company's net interest income for the three-months ended June 30, 2025 increased to $121.3 million compared to $109.9 million for the same period in 2024. Higher loan volume along with general growth in earning assets were the primary drivers of the change in net interest income. Net interest margin was virtually unchanged at 3.75% for the second quarter of 2025 and 3.76% for the second quarter of 2024. The Company recorded a provision for credit losses on loans of $1.2 million in the second quarter of 2025 compared to $3.4 million for the same period in 2024.

Noninterest income for the quarter totaled $48.0 million compared to $43.9 million last year. Trust revenue, treasury income, sweep fees insurance commissions, and other noninterest income each increased when compared to second quarter last year. The increase in other noninterest income was driven by changes in cash surrender value of life insurance as well as gains on disposal of other assets. The increases were partially offset by losses on equity securities in the second quarter of 2025.

Noninterest expense grew to $88.2 million for the quarter-ended June 30, 2025 compared to $85.3 million in the same quarter in 2024. The increase in noninterest expenses were primarily due to growth in salaries and employee benefits of $3.2 million, an increase in occupancy expense of $804,000 and an increase in the net expense from other real estate owned of $1.3 million. These overall increases in noninterest expense were partially offset by a decrease in other noninterest expense.

At June 30, 2025, the Company's total assets were $14.0 billion, an increase of $491.5 million from December 31, 2024. Loans grew $91.3 million from December 31, 2024, totaling $8.1 billion at June 30, 2025. Deposits totaled $12.1 billion, an increase of $337.6 million from year-end 2024. Sweep accounts totaled $5.3 billion at June 30, 2025, up $66.8 million from December 31, 2024. The Company's total stockholders' equity was $1.7 billion, an increase of $106.9 million from the end of 2024.

Nonaccrual loans totaled $49.9 million, representing 0.61% of total loans at June 30, 2025, down slightly from 0.72% at year-end 2024. The allowance for credit losses to total loans was 1.19% at June 30, 2025, down from 1.24% at December 31, 2024. Net charge-offs were $4.7 million for the quarter, including $3.7 million relating to one real estate loan that was taken into other real estate, compared to $999,000 for the second quarter last year.

BancFirst Corporation CEO David Harlow commented, "The Company reported a strong quarter, albeit impacted by one-time events that had an approximate $0.05 per diluted share effect. We anticipate closing the recently-announced American Bank of Oklahoma acquisition in the 3<sup>rd</sup> quarter adding the Collinsville and Skiatook communities to the 59 communities we currently serve across the State of Oklahoma. The Fed continues a wait and see approach to short-term rates and we believe the Company is in a well-balanced position should the Fed decide to lower rates in the back half of the year. While recent economic data and performance has been encouraging, the longer-term outlook continues to be clouded by both the ongoing evolution of global trade policy and continued geopolitical risks. The ultimate impact on our region and customer base remains uncertain in our view, thus we continue to maintain a healthy loan loss reserve as a percentage of loans."

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BancFirst Corporation (the Company) is an Oklahoma based financial services holding company. The Company operates three subsidiary banks, BancFirst, an Oklahoma state-chartered bank with 104 banking locations serving 59 communities across Oklahoma, Pegasus Bank, a Texas state-chartered bank with three banking locations in the Dallas Metroplex area, and Worthington Bank, a Texas state-chartered bank with three locations in the Fort Worth Metroplex area, one location in Arlington Texas and one location in Denton Texas. More information can be found at <u>www.bancfirst.bank</u>.

The Company may make forward-looking statements within the meaning of Section 27A of the securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 with respect to earnings, credit quality, corporate objectives, interest rates and other financial and business matters. Forward-looking statements include estimates and give management's current expectations or forecasts of future events. The Company cautions readers that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, including economic conditions, the performance of financial markets and interest rates; legislative and regulatory actions and reforms; competition; as well as other factors, all of which change over time. Actual results may differ materially from forward-looking statements.

**For additional information call:** 

Hannah Andrus, Chief Financial Officer at (405) 218-4174 or

David Harlow, Chief Executive Officer at (405) 270-1082.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **BancFirst Corporation** | **BancFirst Corporation** | **BancFirst Corporation** | **BancFirst Corporation** | **BancFirst Corporation** | **BancFirst Corporation** |
| **Summary Financial Information** | **Summary Financial Information** | **Summary Financial Information** | **Summary Financial Information** | **Summary Financial Information** | **Summary Financial Information** |
| **(Dollars in thousands, except per share and share data - Unaudited)** | **(Dollars in thousands, except per share and share data - Unaudited)** | **(Dollars in thousands, except per share and share data - Unaudited)** | **(Dollars in thousands, except per share and share data - Unaudited)** | **(Dollars in thousands, except per share and share data - Unaudited)** | **(Dollars in thousands, except per share and share data - Unaudited)** |
|  | **2025** | **2025** | **2024** | **2024** | **2024** |
|  | **2nd Qtr** | **1st Qtr** | **4th Qtr** | **3rd Qtr** | **2nd Qtr** |
| **Condensed Income Statements:** |  |  |  |  |  |
| Net interest income | $121256 | $115949 | $115917 | $114957 | $109896 |
| Provision for credit losses on loans | 1239 | 1461 | (1400) | 3031 | 3358 |
| Provision for off-balance sheet credit exposures | 148 | 125 | - | - | - |
| Noninterest income: |  |  |  |  |  |
| &nbsp;&nbsp;Trust revenue | 5795 | 5539 | 5551 | 5672 | 5490 |
| &nbsp;&nbsp;Service charges on deposits | 17741 | 16804 | 18133 | 17723 | 17280 |
| &nbsp;&nbsp;Securities transactions | (740) | (333) | 355 | (308) | 317 |
| &nbsp;&nbsp;Sales of loans | 830 | 636 | 731 | 721 | 733 |
| &nbsp;&nbsp;Insurance commissions | 7920 | 10410 | 7914 | 9391 | 6668 |
| &nbsp;&nbsp;Cash management | 10573 | 10051 | 9221 | 9189 | 9149 |
| &nbsp;&nbsp;Other | 5929 | 5787 | 5114 | 6324 | 4307 |
| &nbsp;&nbsp;Total noninterest income | 48048 | 48894 | 47019 | 48712 | 43944 |
| Noninterest expense: |  |  |  |  |  |
| &nbsp;&nbsp;Salaries and employee benefits | 55147 | 54593 | 54327 | 54215 | 51928 |
| &nbsp;&nbsp;Occupancy expense, net | 6037 | 5753 | 5977 | 5776 | 5233 |
| &nbsp;&nbsp;Depreciation | 4691 | 4808 | 4593 | 4482 | 4504 |
| &nbsp;&nbsp;Amortization of intangible assets | 862 | 886 | 887 | 886 | 887 |
| &nbsp;&nbsp;Data processing services | 2985 | 2892 | 2726 | 2720 | 2696 |
| &nbsp;&nbsp;Net expense from other real estate owned | 2941 | 2658 | 6446 | 2751 | 1656 |
| &nbsp;&nbsp;Marketing and business promotion | 2325 | 2461 | 2719 | 2168 | 2246 |
| &nbsp;&nbsp;Deposit insurance | 1675 | 1725 | 1653 | 1645 | 1614 |
| &nbsp;&nbsp;Other | 11536 | 16403 | 13007 | 12091 | 14552 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expense | 88199 | 92179 | 92335 | 86734 | 85316 |
| Income before income taxes | 79718 | 71078 | 72001 | 73904 | 65166 |
| Income tax expense | 17371 | 14966 | 15525 | 15001 | 14525 |
| Net income | $62347 | $56112 | $56476 | $58903 | $50641 |
| **Per Common Share Data:** |  |  |  |  |  |
| Net income-basic | $1.87 | $1.69 | $1.71 | $1.78 | $1.53 |
| Net income-diluted | 1.85 | 1.66 | 1.68 | 1.75 | 1.51 |
| Cash dividends declared | 0.46 | 0.46 | 0.46 | 0.46 | 0.43 |
| Common shares outstanding | 33272131 | 33241564 | 33216519 | 33122689 | 33022124 |
| Average common shares outstanding - |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | 33255015 | 33232788 | 33172530 | 33097164 | 33001180 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | 33795243 | 33768873 | 33750993 | 33646549 | 33525061 |
| **Performance Ratios:** |  |  |  |  |  |
| Return on average assets | 1.79% | 1.66% | 1.67% | 1.80% | 1.61% |
| Return on average stockholders' equity | 14.74 | 13.85 | 14.04 | 15.14 | 13.72 |
| Net interest margin | 3.75 | 3.70 | 3.68 | 3.78 | 3.76 |
| Efficiency ratio | 52.10 | 55.92 | 56.67 | 52.99 | 55.46 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **BancFirst Corporation** | **BancFirst Corporation** | **BancFirst Corporation** | **BancFirst Corporation** | **BancFirst Corporation** | **BancFirst Corporation** |
| **Summary Financial Information** | **Summary Financial Information** | **Summary Financial Information** | **Summary Financial Information** | **Summary Financial Information** | **Summary Financial Information** |
| **(Dollars in thousands, except per share and share data - Unaudited)** | **(Dollars in thousands, except per share and share data - Unaudited)** | **(Dollars in thousands, except per share and share data - Unaudited)** | **(Dollars in thousands, except per share and share data - Unaudited)** | **(Dollars in thousands, except per share and share data - Unaudited)** | **(Dollars in thousands, except per share and share data - Unaudited)** |
|  | **2025** | **2025** | **2024** | **2024** | **2024** |
|  | **2nd Qtr** | **1st Qtr** | **4th Qtr** | **3rd Qtr** | **2nd Qtr** |
| **Balance Sheet Data:** |  |  |  |  |  |
| Total assets | $14045780 | $14038055 | $13554314 | $13313482 | $12737318 |
| Interest-bearing deposits with banks | 3737763 | 3706328 | 3315932 | 2743578 | 2299019 |
| Debt securities | 1104604 | 1167441 | 1211754 | 1376913 | 1441365 |
| Total loans | 8124497 | 8102810 | 8033183 | 8188202 | 8054856 |
| Allowance for credit losses | (96988) | (100455) | (99497) | (101882) | (99626) |
| Noninterest-bearing demand deposits | 3967626 | 4027797 | 3907060 | 3858670 | 3815818 |
| Money market and interest-bearing checking deposits | 5301439 | 5393995 | 5231327 | 5122457 | 4930853 |
| Savings deposits | 1205602 | 1174685 | 1110020 | 1082855 | 1084266 |
| Time deposits | 1581525 | 1530273 | 1470139 | 1410370 | 1184665 |
| Total deposits | 12056192 | 12126750 | 11718546 | 11474352 | 11015602 |
| Stockholders' equity | 1728038 | 1672827 | 1621187 | 1584575 | 1512492 |
| Book value per common share | 51.94 | 50.32 | 48.81 | 47.84 | 45.80 |
| Tangible book value per common share (non-GAAP)(1) | 46.12 | 44.47 | 42.92 | 41.91 | 39.83 |
| **Balance Sheet Ratios:** |  |  |  |  |  |
| Average loans to deposits | 67.11% | 68.08% | 69.63% | 72.27% | 72.25% |
| Average earning assets to total assets | 92.97 | 93.10 | 93.14 | 93.02 | 92.77 |
| Average stockholders' equity to average assets | 12.14 | 12.00 | 11.87 | 11.88 | 11.71 |
| **Asset Quality Data:** |  |  |  |  |  |
| Past due loans | $7515 | $5120 | $7739 | $4628 | $4280 |
| Nonaccrual loans (3) | 49878 | 56371 | 57984 | 45481 | 44021 |
| Other real estate owned and repossessed assets | 53022 | 35542 | 33665 | 39519 | 38497 |
| Nonaccrual loans to total loans | 0.61% | 0.70% | 0.72% | 0.56% | 0.55% |
| Allowance to total loans | 1.19 | 1.24 | 1.24 | 1.24 | 1.24 |
| Allowance to nonaccrual loans | 194.45 | 178.20 | 171.59 | 224.01 | 226.32 |
| Net charge-offs to average loans | 0.05 | 0.01 | 0.01 | 0.01 | 0.01 |
| **Reconciliation of Tangible Book Value Per Common Share (non-GAAP)(2):** | **Reconciliation of Tangible Book Value Per Common Share (non-GAAP)(2):** | **Reconciliation of Tangible Book Value Per Common Share (non-GAAP)(2):** |  |  |  |
| Stockholders' equity | $1728038 | $1672827 | $1621187 | $1584575 | $1512492 |
| Less goodwill | 182263 | 182263 | 182263 | 182263 | 182263 |
| Less intangible assets, net | 11410 | 12272 | 13158 | 14045 | 14931 |
| Tangible stockholders' equity (non-GAAP) | $1534365 | $1478292 | $1425766 | $1388267 | $1315298 |
| Common shares outstanding | 33272131 | 33241564 | 33216519 | 33122689 | 33022124 |
| Tangible book value per common share (non-GAAP) | $46.12 | $44.47 | $42.92 | $41.91 | $39.83 |
| (1) Refer to the "Reconciliation of Tangible Book Value per Common Share (non-GAAP)" Table. | (1) Refer to the "Reconciliation of Tangible Book Value per Common Share (non-GAAP)" Table. | (1) Refer to the "Reconciliation of Tangible Book Value per Common Share (non-GAAP)" Table. | (1) Refer to the "Reconciliation of Tangible Book Value per Common Share (non-GAAP)" Table. | (1) Refer to the "Reconciliation of Tangible Book Value per Common Share (non-GAAP)" Table. | (1) Refer to the "Reconciliation of Tangible Book Value per Common Share (non-GAAP)" Table. |
| (2) Tangible book value per common share is stockholders' equity less goodwill and intangible assets, net, divided by common shares outstanding. This amount is a non-GAAP financial measure but has been included as it is considered to be a critical metric with which to analyze and evaluate the financial condition and capital strength of the Company. This measure should not be considered a substitute for operating results determined in accordance with GAAP. | (2) Tangible book value per common share is stockholders' equity less goodwill and intangible assets, net, divided by common shares outstanding. This amount is a non-GAAP financial measure but has been included as it is considered to be a critical metric with which to analyze and evaluate the financial condition and capital strength of the Company. This measure should not be considered a substitute for operating results determined in accordance with GAAP. | (2) Tangible book value per common share is stockholders' equity less goodwill and intangible assets, net, divided by common shares outstanding. This amount is a non-GAAP financial measure but has been included as it is considered to be a critical metric with which to analyze and evaluate the financial condition and capital strength of the Company. This measure should not be considered a substitute for operating results determined in accordance with GAAP. | (2) Tangible book value per common share is stockholders' equity less goodwill and intangible assets, net, divided by common shares outstanding. This amount is a non-GAAP financial measure but has been included as it is considered to be a critical metric with which to analyze and evaluate the financial condition and capital strength of the Company. This measure should not be considered a substitute for operating results determined in accordance with GAAP. | (2) Tangible book value per common share is stockholders' equity less goodwill and intangible assets, net, divided by common shares outstanding. This amount is a non-GAAP financial measure but has been included as it is considered to be a critical metric with which to analyze and evaluate the financial condition and capital strength of the Company. This measure should not be considered a substitute for operating results determined in accordance with GAAP. | (2) Tangible book value per common share is stockholders' equity less goodwill and intangible assets, net, divided by common shares outstanding. This amount is a non-GAAP financial measure but has been included as it is considered to be a critical metric with which to analyze and evaluate the financial condition and capital strength of the Company. This measure should not be considered a substitute for operating results determined in accordance with GAAP. |
| (3) Government Agencies guarantee approximately $9.5 million of nonaccrual loans at June 30, 2025. | (3) Government Agencies guarantee approximately $9.5 million of nonaccrual loans at June 30, 2025. | (3) Government Agencies guarantee approximately $9.5 million of nonaccrual loans at June 30, 2025. | (3) Government Agencies guarantee approximately $9.5 million of nonaccrual loans at June 30, 2025. | (3) Government Agencies guarantee approximately $9.5 million of nonaccrual loans at June 30, 2025. | (3) Government Agencies guarantee approximately $9.5 million of nonaccrual loans at June 30, 2025. |

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| | | |
|:---|:---|:---|
| **BancFirst Corporation** | **BancFirst Corporation** | **BancFirst Corporation** |
| **Summary Financial Information** | **Summary Financial Information** | **Summary Financial Information** |
| **(Dollars in thousands, except per share and share data - Unaudited)** | **(Dollars in thousands, except per share and share data - Unaudited)** | **(Dollars in thousands, except per share and share data - Unaudited)** |
|  | **Six months ended** | **Six months ended** |
|  | **June 30,** | **June 30,** |
|  | **2025** | **2024** |
| **Condensed Income Statements:** |  |  |
| Net interest income | $237205 | $216000 |
| Provision for credit losses on loans | 2700 | 7373 |
| Provision for off-balance sheet credit exposures | 273 |  |
| Noninterest income: |  |  |
| &nbsp;&nbsp;Trust revenue | 11334 | 10578 |
| &nbsp;&nbsp;Service charges on deposits | 34545 | 33708 |
| &nbsp;&nbsp;Securities transactions | (1073) | 50 |
| &nbsp;&nbsp;Sales of loans | 1466 | 1224 |
| &nbsp;&nbsp;Insurance commissions | 18330 | 16123 |
| &nbsp;&nbsp;Cash management | 20624 | 17800 |
| &nbsp;&nbsp;Other | 11716 | 9361 |
| &nbsp;&nbsp;Total noninterest income | 96942 | 88844 |
| Noninterest expense: |  |  |
| &nbsp;&nbsp;Salaries and employee benefits | 109740 | 103456 |
| &nbsp;&nbsp;Occupancy expense, net | 11790 | 10439 |
| &nbsp;&nbsp;Depreciation | 9499 | 9060 |
| &nbsp;&nbsp;Amortization of intangible assets | 1748 | 1773 |
| &nbsp;&nbsp;Data processing services | 5877 | 5312 |
| &nbsp;&nbsp;Net expense from other real estate owned | 5599 | 3858 |
| &nbsp;&nbsp;Marketing and business promotion | 4786 | 4502 |
| &nbsp;&nbsp;Deposit insurance | 3400 | 3052 |
| &nbsp;&nbsp;Other | 27939 | 26643 |
| Total noninterest expense | 180378 | 168095 |
| Income before income taxes | 150796 | 129376 |
| Income tax expense | 32337 | 28401 |
| Net income | $118459 | $100975 |
| **Per Common Share Data:** |  |  |
| Net income-basic | $3.56 | $3.06 |
| Net income-diluted | 3.51 | 3.01 |
| Cash dividends declared | 0.92 | 0.86 |
| Common shares outstanding | 33272131 | 33022124 |
| Average common shares outstanding - |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | 33243963 | 32974582 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | 33782069 | 33520247 |
| **Performance Ratios:** |  |  |
| Return on average assets | 1.73% | 1.62% |
| Return on average stockholders' equity | 14.31 | 13.84 |
| Net interest margin | 3.72 | 3.73 |
| Efficiency ratio | 53.98 | 55.14 |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **BancFirst Corporation** | **BancFirst Corporation** | **BancFirst Corporation** | **BancFirst Corporation** | **BancFirst Corporation** | **BancFirst Corporation** | **BancFirst Corporation** |
|  | **Consolidated Average Balance Sheets** | **Consolidated Average Balance Sheets** | **Consolidated Average Balance Sheets** | **Consolidated Average Balance Sheets** | **Consolidated Average Balance Sheets** | **Consolidated Average Balance Sheets** | **Consolidated Average Balance Sheets** |
|  | **And Interest Margin Analysis** | **And Interest Margin Analysis** | **And Interest Margin Analysis** | **And Interest Margin Analysis** | **And Interest Margin Analysis** | **And Interest Margin Analysis** | **And Interest Margin Analysis** |
|  | **Taxable Equivalent Basis** | **Taxable Equivalent Basis** | **Taxable Equivalent Basis** | **Taxable Equivalent Basis** | **Taxable Equivalent Basis** | **Taxable Equivalent Basis** | **Taxable Equivalent Basis** |
|  | **(Dollars in thousands - Unaudited)** | **(Dollars in thousands - Unaudited)** | **(Dollars in thousands - Unaudited)** | **(Dollars in thousands - Unaudited)** | **(Dollars in thousands - Unaudited)** | **(Dollars in thousands - Unaudited)** | **(Dollars in thousands - Unaudited)** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** |
|  | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
|  |  | **Interest** | **Average** |  | **Interest** | **Average** | **Average** |
|  | **Average** | **Income/** | **Yield/** | **Average** | **Income/** | **Yield/** | **Yield/** |
|  | **Balance** | **Expense** | **Rate** | **Balance** | **Expense** | **Rate** | **Rate** |
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |  |  |  |  |
| Earning assets: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans | $8064423 | $139532 | 6.94% | $8057657 | $276710 |  | 6.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities – taxable | 1139354 | 6887 | 2.42 | 1167175 | 13893 |  | 2.40 |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities – tax exempt | 2120 | 22 | 4.16 | 2156 | 44 |  | 4.15 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest bearing deposits with banks and FFS | 3784951 | 42186 | 4.47 | 3639517 | 80654 |  | 4.47 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total earning assets | 12990848 | 188627 | 5.82 | 12866505 | 371301 |  | 5.82 |
| Nonearning assets: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and due from banks | 210323 |  |  | 212578 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest receivable and other assets | 869769 |  |  | 849224 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Allowance for credit losses | (97898) |  |  | (98795) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total nonearning assets | 982194 |  |  | 963007 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | $13973042 |  |  | $13829512 |  |  |  |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** | **LIABILITIES AND STOCKHOLDERS' EQUITY** | **LIABILITIES AND STOCKHOLDERS' EQUITY** | **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |  |  |
| Interest bearing liabilities: |  |  |  |  |  |  |  |
| Money market and interest-bearing checking deposits | $5322205 | $40562 | 3.06% | $5312449 | $81283 | 3.09 | 3.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings deposits | 1185678 | 9375 | 3.17 | 1162057 | 18274 |  | 3.17 |
| &nbsp;&nbsp;&nbsp;&nbsp;Time deposits | 1565251 | 16152 | 4.14 | 1530263 | 32022 | 4.22 | 4.22 |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term borrowings | 4747 | 51 | 4.33 | 2706 | 58 |  | 4.34 |
| &nbsp;&nbsp;&nbsp;&nbsp;Subordinated debt | 86176 | 1031 | 4.80 | 86169 | 2061 |  | 4.82 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total interest bearing liabilities | 8164057 | 67171 | 3.30 | 8093644 | 133698 | 3.33 | 3.33 |
| Interest free funds: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest bearing deposits | 3942867 |  |  | 3916486 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest payable and other liabilities | 169867 |  |  | 149775 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Stockholders' equity | 1696251 |  |  | 1669607 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total interest free funds | 5808985 |  |  | 5735868 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total liabilities and stockholders' equity | $13973042 |  |  | $13829512 |  |  |  |
| Net interest income |  | $121456 |  |  | $237603 |  |  |
| Net interest spread |  |  | 2.52% |  |  |  | 2.49% |
| Effect of interest free funds |  |  | 1.23% |  |  |  | 1.23% |
| Net interest margin |  |  | 3.75% |  |  | 3.72 | 3.72% |

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