BancFirst (BANF) came out with quarterly earnings of $1.67 per share, beating the Zacks Consensus Estimate of $1.58 per share. This compares to earnings of $1.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.70%. A quarter ago, it was expected that this Oklahoma financial services holding company would post earnings of $1.61 per share when it actually produced earnings of $1.68, delivering a surprise of 4.35%.Over the last ...

Financial Performance - BancFirst Corporation reported net income of $56.1 million, or $1.67 per diluted share, for Q1 2025, an increase from $50.3 million, or $1.50 per diluted share, in Q1 2024, representing a 11.5% increase in net income year-over-year[1] - Net interest income for Q1 2025 increased to $115.9 million, up from $106.1 million in Q1 2024, driven by higher loan volume and growth in earning assets, with a net interest margin unchanged at 3.70%[2] - Noninterest income totaled $49.0 million in Q1 2025, compared to $44.9 million in the same quarter last year, reflecting increases in trust revenue, treasury income, sweep fees, and insurance commissions[3] - Noninterest expense rose to $92.2 million in Q1 2025, up from $82.8 million in Q1 2024, influenced by a $4.4 million expense related to the disposition of certain equity investments and a $3.1 million increase in salaries and employee benefits[4] Asset and Loan Growth - Total assets reached $14.0 billion as of March 31, 2025, an increase of $483.7 million from December 31, 2024, with total loans growing to $8.1 billion[5] - Total assets increased to $14,038.0 million in Q1 2025, up from $13,554.3 million in Q4 2024, representing a growth of 3.6%[14] - Total loans reached $8,102.81 million in Q1 2025, slightly up from $8,033.183 million in Q4 2024, indicating a growth of 0.9%[14] - Average loans to deposits ratio was 68.08% in Q1 2025, down from 69.63% in Q4 2024, indicating a tightening liquidity position[14] Deposit Growth - Deposits increased to $12.1 billion, up $408.2 million from year-end 2024, while sweep accounts totaled $5.5 billion, reflecting a $324.6 million increase[5] - Total deposits increased to $12,126.7 million in Q1 2025, compared to $11,718.5 million in Q4 2024, reflecting a growth of 3.5%[14] Credit Quality - Nonaccrual loans amounted to $56.4 million, representing 0.70% of total loans, a slight decrease from 0.72% at year-end 2024, with net charge-offs of $503,000 for the quarter compared to $3.5 million in Q1 2024[6] - Nonaccrual loans amounted to $56,371 million in Q1 2025, compared to $57,984 million in Q4 2024, showing a decrease of 2.8%[14] - The allowance for credit losses to total loans remained unchanged at 1.24% as of March 31, 2025, indicating a cautious outlook amid potential economic slowdown[7] - The allowance for credit losses was $100,455 million in Q1 2025, slightly up from $99,497 million in Q4 2024, reflecting a 1.0% increase[14] - The net charge-offs to average loans ratio remained stable at 0.01% in Q1 2025, consistent with previous quarters[14] Equity and Book Value - Tangible book value per common share (non-GAAP) increased to $44.47 in Q1 2025 from $42.92 in Q4 2024, a rise of 3.6%[14] - Stockholders' equity rose to $1,672.82 million in Q1 2025, up from $1,621.18 million in Q4 2024, marking a growth of 3.2%[14] Operational Overview - The Company operates three subsidiary banks across Oklahoma and Texas, enhancing its regional presence and service capabilities[7] Forward-Looking Statements - Forward-looking statements indicate management's expectations regarding earnings, credit quality, and economic conditions, with caution advised due to market volatility and potential risks[8]

Wall Street expects a year-over-year increase in earnings on higher revenues when BancFirst (BANF) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move ...

Investors might want to bet on BancFirst (BANF) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system ...

Company Overview - BancFirst Corporation operates 104 banking locations in Oklahoma and has a market share of deposits of 6.84% as of June 30, 2024[27]. - The company employs 2,135 full-time equivalent employees as of December 31, 2024, focusing on training and development to enhance employee skills[21]. - BancFirst's primary lending activities include commercial loans to small to medium-sized businesses, with a focus on light manufacturing, retail trade, and agriculture[15]. - The company has expanded through acquisitions and currently operates through its wholly-owned subsidiaries, Pegasus Bank and Worthington Bank, in Texas[10]. - BancFirst's strategy emphasizes community banking, allowing local branches to respond quickly to customer needs while maintaining centralized support functions[13]. - The company offers a wide range of financial services, including commercial, real estate, and consumer lending, as well as trust and insurance services[14]. Financial Performance - The Company's net income for 2024 was $216.4 million, or $6.44 per diluted share, compared to $212.5 million, or $6.34 per diluted share for 2023[198]. - Net interest income increased to $446.9 million in 2024, up from $424.5 million in 2023, driven by higher interest rates and loan volume, although the net interest margin decreased to 3.73% from 3.79%[199]. - The provision for credit losses rose to $9.0 million in 2024 from $7.5 million in 2023, primarily due to loan growth[200]. - Noninterest income totaled $184.6 million in 2024, a slight decrease from $185.4 million in 2023, mainly due to a $10.8 million reduction in interchange fees[201]. - Noninterest expense increased to $347.2 million in 2024 from $332.5 million in 2023, largely due to higher salaries and employee benefits[202]. - Total assets at year-end 2024 were $13.6 billion, an increase of $1.2 billion from December 31, 2023, with loans growing by $373.0 million to $8.0 billion[203]. - The Company's total stockholders' equity increased by $187.3 million to $1.6 billion at year-end 2024[203]. Regulatory Environment - The company is subject to comprehensive regulation by the Federal Reserve Board and other regulatory authorities, impacting its growth and earnings performance[32]. - The company must maintain "well capitalized" and "well managed" status to retain its financial holding company status[39]. - A depository institution subsidiary is considered "well capitalized" if it meets specific capital requirements, including a total risk-based capital ratio of 10.0% or greater[58]. - The Basel III Capital Rules require a minimum Common Equity Tier 1 (CET1) capital ratio of 4.5% and a capital conservation buffer of 2.5%[54]. - The company is subject to limitations on dividends if it does not meet capital requirements, as paying dividends that deplete capital is considered unsafe[44]. - The Federal Reserve Board requires bank holding companies to act as a source of strength for their subsidiary banks, which may include committing resources to support them[48]. - The company must comply with capital adequacy standards established by the Federal Reserve Board and the FDIC, based on the Basel III Capital Rules[50]. - If a depository institution is deemed "undercapitalized," it must submit a capital restoration plan, which requires the parent holding company to guarantee compliance[59]. - The company is restricted from making capital distributions if it would result in the depository institution being "undercapitalized"[60]. - The Federal Reserve Board has the authority to impose limitations on a financial holding company's activities if it fails to meet capital and management requirements[40]. Risk Factors - The company faces risks from interest rate fluctuations, which could compress net interest margins if rates decline[115]. - A significant portion of the loan portfolio is exposed to credit risk, with potential adverse effects if borrower defaults exceed the allowance for credit losses[121]. - The company operates exclusively within the State of Oklahoma, making it sensitive to local economic conditions, which could impact loan demand and profitability[123]. - Increased competition for deposits has been noted, with a shift from non-interest-bearing to interest-bearing deposits potentially reducing net interest margins[127]. - Liquidity risk is a significant concern for the company, as it relies heavily on external funding sources, and unexpected declines in dividends from subsidiaries could adversely affect liquidity[138]. - The company may need to raise additional capital in the future, which could be affected by market conditions and financial performance[161]. Cybersecurity and Operational Risks - The company has implemented multiple layers of cybersecurity controls to protect sensitive data and ensure business continuity in the event of a cyber-attack[76]. - Cybersecurity threats pose a significant risk, as breaches could disrupt operations and result in unauthorized access to sensitive information, potentially harming the company's reputation[149]. - The Company has established comprehensive incident response and recovery plans for cybersecurity incidents, which are regularly tested[175]. - The company relies on external vendors for essential products and services, which poses operational and informational security risks[157]. - The effectiveness of internal controls is crucial for reliable financial reporting; any material weaknesses could harm the Company's business and investor confidence[159]. Shareholder and Stock Information - The company’s directors and executive officers owned 32% of the outstanding common stock as of January 31, 2025, giving them significant influence over shareholder decisions[152]. - The trading volume of the company's common stock is lower than that of larger financial services companies, which could lead to increased stock price volatility[150]. - The Company has a Stock Repurchase Program in place, with up to 479,784 shares available for repurchase as of December 31, 2024[187]. - Future dividend payments will depend on the Company's earnings, financial condition, and capital needs, as determined by the Board of Directors[185]. - The company may face challenges in maintaining its dividend payments due to federal regulatory considerations, which could impact stock price and investor confidence[151]. Community and CRA Ratings - BancFirst received a "satisfactory" rating in its most recent CRA examination in 2024[89]. - Pegasus also received a "satisfactory" rating in its last examination in 2020[89]. - Worthington achieved an "outstanding" rating in its last examination in 2018[89]. - The final rule from the OCC, Federal Reserve Board, and FDIC to modernize the CRA framework will become effective on January 1, 2026, with data reporting requirements starting on January 1, 2027[90][92].

Core Viewpoint - Companies with favorable efficiency levels are more likely to attract investors due to their expected impressive returns, which are believed to be positively correlated with price performance [1] Efficiency Ratios - The efficiency ratio is a key indicator of a company's financial health, analyzing how effectively a company utilizes its assets and liabilities [1] - Popular efficiency ratios to consider when selecting stocks include Receivables Turnover, Asset Utilization, Inventory Turnover, and Operating Margin [2][3][4][5] Receivables Turnover - This ratio measures a company's ability to extend credit and collect debts, with a high ratio indicating effective collection of accounts receivable [2] Asset Utilization - This ratio indicates a company's capability to convert assets into output, with a higher ratio suggesting greater efficiency [3] Inventory Turnover - This ratio assesses a company's ability to maintain an appropriate inventory level, with a high value indicating low inventory relative to cost of goods sold (COGS) [4] Operating Margin - This measure reflects a company's ability to control operating expenses, with a higher ratio indicating more efficient management compared to peers [5] Screening Criteria - A favorable Zacks Rank (1 Strong Buy) is added to the screening process to enhance profitability [6] - The screening criteria narrowed down over 7,906 stocks to 10, focusing on those with efficiency ratios above industry averages [7] Selected Companies - **Deckers Outdoor (DECK)**: A leading designer and producer of niche footwear with a four-quarter average positive earnings surprise of 36.8% [7] - **Flexsteel Industries (FLXS)**: Engaged in the design and manufacture of upholstered furniture, with a four-quarter average positive earnings surprise of 19.8% [9] - **Commerce Bancshares (CBSH)**: A bank holding company providing a range of banking services, with a four-quarter average positive earnings surprise of 10.2% [10] - **BancFirst (BANF)**: Focuses on commercial banking services for retail customers and small to medium-sized businesses, with a four-quarter average positive earnings surprise of 7.9% [11]

Group 1 - BancFirst reported quarterly earnings of $1.68 per share, exceeding the Zacks Consensus Estimate of $1.61 per share, and up from $1.46 per share a year ago, representing an earnings surprise of 4.35% [1] - The company posted revenues of $162.94 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.64%, and an increase from $150.22 million year-over-year [2] - BancFirst has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] Group 2 - The stock has gained about 3% since the beginning of the year, compared to the S&P 500's gain of 3.5%, suggesting a slight underperformance relative to the market [3] - The current consensus EPS estimate for the upcoming quarter is $1.52 on revenues of $159.5 million, and for the current fiscal year, it is $6.15 on revenues of $644.5 million [7] - The Zacks Industry Rank for Banks - Southwest is in the top 6% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] Group 3 - The estimate revisions trend for BancFirst is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, suggesting it is expected to outperform the market in the near future [6] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - Another company in the same industry, Cullen/Frost Bankers, is expected to report quarterly earnings of $2.17 per share, reflecting a year-over-year change of -0.5% [9]

Exhibit 99.1 FOR IMMEDIATE RELEASE Oklahoma City, OK 73102 100 N. Broadway Ave Thursday, January 23, 2025 www.bancfirst.bank BANCFIRST CORPORATION REPORTS FOURTH QUARTER EARNINGS BancFirst Corporation (NASDAQ GS:BANF) reported net income of $56.5 million, or $1.68 diluted earnings per share, for the fourth quarter of 2024 compared to net income of $48.9 million, or $1.46 diluted earnings per share, for the fourth quarter of 2023. Net income for the year ended December 31, 2024 was $216.4 million, or $6.44 d ...

Group 1: Company Performance - BancFirst (BANF) has gained approximately 24.5% year-to-date, outperforming the average gain of 21.8% in the Finance group [9] - The Zacks Consensus Estimate for BancFirst's full-year earnings has increased by 4.9% over the past three months, indicating a positive earnings outlook [5] - BancFirst holds a Zacks Rank of 2 (Buy), suggesting strong potential for future performance [3][7] Group 2: Industry Comparison - BancFirst is part of the Banks - Southwest industry, which has seen an average gain of about 22.3% this year, indicating that BancFirst is performing better than its peers in this specific industry [4] - The Finance sector, which includes 871 companies, ranks 3 in the Zacks Sector Rank, reflecting overall strength within the sector [7] - In contrast, Brookfield Corp. (BN), which belongs to the Real Estate - Operations industry, has returned 44.2% year-to-date, while its industry has gained 18.5% [2][6]

Group 1: TPG RE Finance Trust (TRTX) - TPG RE Finance Trust is a commercial real estate finance company focusing on originating, acquiring, and managing commercial mortgage loans and related debt instruments, with a Zacks Consensus Estimate for current year earnings increasing by 1.8% over the last 60 days [1] Group 2: BancFirst (BANF) - BancFirst is a bank holding company providing a full range of commercial banking services to retail customers and small to medium-sized businesses, with a Zacks Consensus Estimate for current year earnings increasing nearly 2.1% over the last 60 days [5] Group 3: LATAM Airlines Group (LTM) - LATAM Airlines Group operates domestic and international passenger and cargo air services primarily in Chile, the United States, South Pacific, Europe, and Latin America, with a Zacks Consensus Estimate for current year earnings increasing nearly 26.4% over the last 60 days [7] Group 4: Dividend Yields - TPG RE Finance Trust has a dividend yield of 1.7%, compared to the industry average of 0.0% [2] - Another Zacks Rank 1 company has a dividend yield of 11.3%, compared to the industry average of 0.0% [4] - A different Zacks Rank 1 company has a dividend yield of 1.6%, compared to the industry average of 0.6% [3]