BancFirst Corporation (BANF) Financial Statements (2024 and earlier)

Company Profile

Business Address 100 NORTH BROADWAY AVE
OKLAHOMA CITY, OK 73102-8401
State of Incorp. OK
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,397,4633,168,9102,050,0221,616,9121,868,2811,431,776
Cash and cash equivalents2,397,4633,168,9102,050,0221,616,9121,868,2811,424,255
Short-term investments      7,521
Total current assets:2,397,4633,168,9102,050,0221,616,9121,868,2811,431,776
Noncurrent Assets
Operating lease, right-of-use asset 5,9005,6005,0004,4005,700
Property, plant and equipment278,594278,088269,047261,677206,275174,362
Intangible assets, net (including goodwill)198,967202,038167,488168,921171,21296,219
Goodwill182,263182,055149,922149,922148,60479,749
Intangible assets, net (excluding goodwill)16,70419,98317,56618,99922,60816,470
Investment, proportional amortization method, elected, amount 46,40024,70020,10018,10020,40018,500
Total noncurrent assets:529,861510,426461,635453,098403,587289,081
Other undisclosed assets9,444,7188,708,5276,893,9557,142,3476,293,8905,853,401
TOTAL ASSETS:12,372,04212,387,8639,405,6129,212,3578,565,7587,574,258
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt3,351300 1,1001,1001,675
Total current liabilities:3,351300 1,1001,1001,675
Noncurrent Liabilities
Liabilities, other than long-term debt 26,80022,30017,00019,40015,60017,300
Investment program, proportional amortization method, elected, commitment 26,80022,30017,00019,40015,60017,300
Total noncurrent liabilities: 26,80022,30017,00019,40015,60017,300
Other undisclosed liabilities10,908,00011,114,4278,216,8788,123,9727,544,0696,652,494
Total liabilities:10,938,15111,137,0278,233,8788,144,4727,560,7696,671,469
Equity
Equity, attributable to parent1,433,8911,250,8361,171,7341,067,8851,004,989902,789
Common stock32,93332,87632,60332,72032,69432,604
Additional paid in capital174,695169,231159,914156,574153,353149,709
Accumulated other comprehensive income (loss)(50,042)(71,563)2,1507,4303,454(2,139)
Retained earnings1,276,3051,120,292977,067871,161815,488722,615
Total equity:1,433,8911,250,8361,171,7341,067,8851,004,989902,789
TOTAL LIABILITIES AND EQUITY:12,372,04212,387,8639,405,6129,212,3578,565,7587,574,258

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues658,761451,699360,810354,307360,533322,705
Net investment income623,936419,820327,021327,114336,657303,204
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(7,458)(10,076) (62,648)(8,287)(3,802)
Gross profit:651,303441,623360,810291,659352,246318,903
Operating expenses(42,041)(38,432)(35,737)(33,985)(30,467)(29,484)
Operating income:609,262403,191325,073257,674321,779289,419
Nonoperating income (expense)
(Profit (Loss) from Real Estate Operations)
(15,938)(9,911)(9,089)1,531785(239)
Interest and debt expense(199,480)(46,147)(11,364)(20,446)(54,736)(42,728)
Income from continuing operations before equity method investments, income taxes:393,844347,133304,620238,759267,828246,452
Other undisclosed loss from continuing operations before income taxes(123,896)(109,701)(96,222)(115,247)(98,266)(86,700)
Income from continuing operations before income taxes:269,948237,432208,398123,512169,562159,752
Income tax expense(57,483)(44,332)(40,768)(23,926)(34,683)(33,938)
Income from continuing operations:212,465193,100167,63099,586134,879125,814
Income before gain (loss) on sale of properties:167,63099,586134,879125,814
Net income available to common stockholders, diluted:212,465193,100167,63099,586134,879125,814

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:212,465193,100167,63099,586134,879125,814
Other comprehensive income (loss)(6,634)23,160(1,829)1,3261,918(139)
Comprehensive income:205,831216,260165,801100,912136,797125,675
Other undisclosed comprehensive income (loss), net of tax, attributable to parent28,155(96,873)(3,451)2,6503,675(291)
Comprehensive income, net of tax, attributable to parent:233,986119,387162,350103,562140,472125,384

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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