Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: BancFirst (BANF) - BancFirst currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, BANF shares increased by 13.19%, outperforming the Zacks Banks - Southwest industry, which rose by 6.6% [5] - In a longer timeframe, BANF shares have gained 20.11% over the past quarter and 39.87% over the last year, while the S&P 500 increased by 10.53% and 37.42%, respectively [6] Trading Volume - The average 20-day trading volume for BANF is 107,274 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for BANF have been revised upwards, raising the consensus estimate from $6.07 to $6.37 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions noted [9]

Group 1: Company Overview - BancFirst (BANF) is a stock that has shown strong performance compared to its peers in the Finance sector, gaining about 24% year-to-date [4] - The Zacks Rank for BancFirst is currently 1 (Strong Buy), indicating a favorable outlook based on earnings estimate revisions [3] Group 2: Sector and Industry Performance - The Finance sector, which includes 872 individual stocks, has an average year-to-date gain of approximately 23.3%, with BancFirst outperforming this average [4] - BancFirst is part of the Banks - Southwest industry, which has gained about 26.8% year-to-date, indicating that while BancFirst is performing well, it is slightly underperforming its specific industry [6] Group 3: Analyst Sentiment - The Zacks Consensus Estimate for BancFirst's full-year earnings has increased by 4.9% over the past quarter, reflecting improved analyst sentiment and a stronger earnings outlook [4]

Financial Performance - BancFirst Corporation reported total interest income of $187.65 million for the three months ended September 30, 2024, an increase of 17.2% compared to $160.23 million for the same period in 2023[6]. - Net interest income after provision for credit losses was $111.93 million for the three months ended September 30, 2024, up from $102.00 million in the same period last year, reflecting a growth of 9.5%[6]. - Noninterest income totaled $48.71 million for the three months ended September 30, 2024, compared to $44.45 million for the same period in 2023, marking an increase of 9.1%[6]. - Net income for the three months ended September 30, 2024, was $58.90 million, compared to $50.99 million for the same period in 2023, indicating a year-over-year increase of 15.4%[6]. - Basic earnings per share for the three months ended September 30, 2024, was $1.78, up from $1.55 in the same period last year, reflecting a growth of 14.8%[6]. - Total noninterest expense increased to $86.73 million for the three months ended September 30, 2024, from $81.22 million in the same period last year, representing a rise of 6.2%[6]. Equity and Dividends - Total stockholders' equity increased to $1.58 billion as of September 30, 2024, compared to $1.37 billion at the end of September 2023, showing a growth of 15.2%[7]. - The company declared dividends on common stock of $0.46 per share for the three months ended September 30, 2024, compared to $0.43 per share in the same period last year[7]. Interest and Expenses - BancFirst Corporation's total interest expense for the three months ended September 30, 2024, was $72.69 million, an increase from $55.92 million in the same period of 2023, reflecting a rise of 30.0%[6]. - The provision for credit losses increased to $10,404 from $7,458, indicating a rise of approximately 39.1% year-over-year[4]. Cash Flow and Investments - Cash provided by operating activities increased to $244,068, compared to $190,281 in the same period last year, marking an increase of about 28.3%[4]. - Cash receipts from the sale of loans originated for sale rose to $152,279, up from $118,786, reflecting a growth of approximately 28.2%[4]. - Net cash used in investing activities was $(388,422), an improvement from $(535,996) in the prior year, indicating a reduction of about 27.5%[4]. - The estimated fair value of total debt securities available for sale as of September 30, 2024, was $1,376,075, down from $1,553,905 at the end of 2023[18]. Loans and Credit Quality - Loans held for investment totaled $8,180,361 thousand as of September 30, 2024, representing an increase from $7,656,645 thousand as of December 31, 2023, indicating a growth of approximately 6.8%[24]. - Nonaccrual loans totaled $45,481 thousand as of September 30, 2024, a significant increase from $24,573 thousand as of December 31, 2023[31]. - The company monitors credit quality indicators including loan delinquencies and nonaccrual loans, which are reviewed regularly[34]. - The total past due loans as of September 30, 2024, amounted to $74,633 thousand, with $17,754 thousand past due for 30-59 days and $17,001 thousand for 60-89 days[32]. Charge-offs and Allowance for Credit Losses - Total current-period gross charge-offs reached $1,730 million, a significant increase compared to previous periods[39]. - The allowance for credit losses at the end of the period was $101,882 million, reflecting a provision for losses of $3,031 million during the current period[46]. - The provision for credit losses methodology follows the current expected credit loss (CECL) model, which is detailed in the company's Annual Report[44]. Capital Ratios - BancFirst Corporation's total capital to risk-weighted assets ratio was 17.53% as of September 30, 2024, significantly above the required 8.00%[73]. - The Common Equity Tier 1 Capital ratio for BancFirst Corporation was 15.48%, exceeding the required 4.50%[73]. Stock and Compensation - The Company issued $60 million in subordinated notes with a fixed interest rate of 3.50% per annum, maturing on June 30, 2036[58]. - The stock-based compensation expense for the nine months ended September 30, 2024, was $2,580, up from $2,077 in the same period of 2023[68]. - The total intrinsic value of options exercised in the nine months ended September 30, 2024, was $11,931, compared to $2,507 in the same period of 2023[66]. Market and Fair Value - The fair value of U.S. Treasury securities was $1,331,323,000, down from $1,498,045,000 as of December 31, 2023[82]. - The fair value of derivative assets as of September 30, 2024, was $26,376,000, while derivative liabilities were $24,717,000[82]. - The company’s policy is to recognize transfers in and out of Levels 1, 2, and 3 as of the end of the reporting period[84].

Core Viewpoint - BancFirst (BANF) has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Outlook - The Zacks rating upgrade indicates a positive earnings outlook for BancFirst, likely leading to increased buying pressure and a rise in stock price [2]. - BancFirst is projected to earn $6.37 per share for the fiscal year ending December 2024, reflecting a year-over-year change of 0.5% [5]. Earnings Estimate Revisions - Over the past three months, the Zacks Consensus Estimate for BancFirst has increased by 4.9%, indicating a steady rise in analysts' earnings estimates [5]. - The correlation between earnings estimate revisions and near-term stock movements is strong, suggesting that tracking these revisions can be beneficial for investment decisions [4]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [4]. - BancFirst's upgrade to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [6].

BancFirst (BANF) came out with quarterly earnings of $1.75 per share, beating the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $1.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.46%. A quarter ago, it was expected that this Oklahoma financial services holding company would post earnings of $1.42 per share when it actually produced earnings of $1.51, delivering a surprise of 6.34%.Over the las ...

Exhibit 99.1 100 N. Broadway Ave FOR IMMEDIATE RELEASE Oklahoma City, OK 73102 Thursday, October 17, 2024 www.bancfirst.bank BANCFIRST CORPORATION REPORTS THIRD QUARTER EARNINGS BancFirst Corporation (NASDAQ GS:BANF) reported net income of $58.9 million, or $1.75 per diluted share, for the third quarter of 2024 compared to net income of $51.0 million, or $1.52 per diluted share, for the third quarter of 2023. The Company's net interest income for the third quarter of 2024 increased to $115.0 million from $1 ...

Core Insights - BancFirst Corporation reported a net income of $58.9 million, or $1.75 per diluted share, for Q3 2024, an increase from $51.0 million, or $1.52 per diluted share, in Q3 2023 [1] - The company's net interest income rose to $115.0 million in Q3 2024 from $104.3 million in Q3 2023, driven primarily by loan volume [1] - Noninterest income for the quarter increased to $48.7 million compared to $44.4 million in the previous year, with growth in trust revenue, treasury income, sweep fees, and insurance commissions [1] Financial Performance - Net interest margin improved to 3.78% in Q3 2024 from 3.73% in Q3 2023 [1] - Noninterest expense increased to $86.7 million in Q3 2024 from $81.2 million in Q3 2023, mainly due to a $4.0 million rise in salaries and employee benefits [1] - The effective tax rate decreased to 20.3% in Q3 2024 from 21.8% in Q3 2023 [1] Balance Sheet Highlights - Total assets reached $13.3 billion as of September 30, 2024, up by $941.4 million from December 31, 2023 [1] - Loans increased by $528.1 million to $8.2 billion, while deposits rose by $774.2 million to $11.5 billion [1] - Total stockholders' equity grew to $1.6 billion, an increase of $150.7 million from December 31, 2023 [1] Credit Quality - Nonaccrual loans totaled $45.5 million, representing 0.56% of total loans, up from 0.32% at year-end 2023 [1] - The allowance for credit losses to total loans was 1.24% as of September 30, 2024, compared to 1.26% at the end of 2023 [1] - Net charge-offs for the quarter were $775,000, down from $1.5 million in Q3 2023 [1] Management Commentary - The CEO noted that loan growth, improved net interest margin, and growth in non-interest income contributed to a strong quarter [1] - The potential for further short-term rate reductions and changes in the yield curve create uncertainty regarding the outlook for net interest margin [1] - The company remains well-positioned to manage asset and liability pricing effectively in the coming months [1]

Core Viewpoint - BancFirst (BANF) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of exceeding expectations and positive analyst sentiment [1][2]. Earnings Performance - BancFirst has consistently beaten earnings estimates, with an average surprise of 7.91% over the last two quarters [1]. - In the last reported quarter, BancFirst achieved earnings of $1.51 per share, surpassing the Zacks Consensus Estimate of $1.42 per share by 6.34% [1]. - For the previous quarter, the company reported earnings of $1.50 per share against an expected $1.37 per share, resulting in a surprise of 9.49% [1]. Analyst Estimates - Recent estimates for BancFirst have been trending upward, indicating positive sentiment among analysts [2]. - The Zacks Earnings ESP for BancFirst is currently +0.32%, suggesting that analysts are optimistic about the company's earnings prospects [3]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat, with historical data indicating that nearly 70% of stocks with this combination exceed consensus estimates [2][3]. Importance of Earnings ESP - The Earnings ESP metric compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [3]. - A positive Earnings ESP indicates bullish sentiment, while a negative value does not necessarily predict an earnings miss [3]. - Monitoring the Earnings ESP is crucial for increasing the chances of successful investment decisions prior to earnings releases [4].

Wall Street expects a year-over-year increase in earnings on higher revenues when BancFirst (BANF) reports results for the quarter ended September 2024. 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 ...

Welcome back for another edition of upcoming dividend increases. Next week also closes out the third quarter of 2024. I have a strong list for your consideration this week. Not only do we have thirteen increases, but two are Dividend Kings! Illinois ToolDerek is an individual investor seeking to navigate the investment world to provide a wealthy and stable retirement for his family. He aims to help fellow investors, notably younger investors, establish a plan to produce a growing income stream. Derek holds ...