BancFirst (BANF) Tops Q1 Earnings and Revenue Estimates

Group 1: Earnings Performance - BancFirst reported quarterly earnings of $1.67 per share, exceeding the Zacks Consensus Estimate of $1.58 per share, and up from $1.50 per share a year ago, representing an earnings surprise of 5.70% [1] - The company posted revenues of $164.84 million for the quarter, surpassing the Zacks Consensus Estimate by 3.09%, compared to $151 million in the same quarter last year [2] - BancFirst has surpassed consensus EPS estimates for four consecutive quarters [2] Group 2: Stock Performance and Outlook - BancFirst shares have declined approximately 8.3% since the beginning of the year, while the S&P 500 has decreased by 10.3% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters [4] - The current consensus EPS estimate for the next quarter is $1.50 on revenues of $158.7 million, and for the current fiscal year, it is $6.29 on revenues of $642.1 million [7] Group 3: Industry Context - The Banks - Southwest industry, to which BancFirst belongs, is currently ranked in the top 11% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact BancFirst's stock performance [5]