BancFirst Corporation's Financial Performance and Competitive Analysis

Core Viewpoint - BancFirst Corporation is underperforming in terms of Return on Invested Capital (ROIC) compared to its Weighted Average Cost of Capital (WACC), indicating a need for improved operational efficiency and cost management [2][6]. Financial Performance - BancFirst has a ROIC of 5.56% and a WACC of 12.34%, resulting in a ROIC to WACC ratio of 0.45, which is below the industry standard [2][6]. - Comparatively, Community Trust Bancorp, Inc. (CTBI) has a ROIC of 9.08% and a WACC of 11.56%, leading to a ROIC to WACC ratio of 0.79, indicating better performance than BancFirst [3]. - City Holding Company (CHCO) excels with a ROIC of 39.88% and a WACC of 8.02%, achieving a ROIC to WACC ratio of 4.97, showcasing exceptional efficiency [3][6]. - Westamerica Bancorporation (WABC) has a ROIC of 13.23% and a WACC of 6.72%, resulting in a ROIC to WACC ratio of 1.97, indicating effective returns above its cost of capital [4]. - BOK Financial Corporation (BOKF) has a ROIC of 5.06% and a WACC of 12.56%, with a ROIC to WACC ratio of 0.40, similar to BancFirst's performance [4]. - Arrow Financial Corporation (AROW) shows a ROIC of 27.20% and a WACC of 18.52%, achieving a ROIC to WACC ratio of 1.47, indicating returns above its cost of capital [5].