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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,409,1422,836,3913,168,9103,333,3053,879,3414,091,404
Cash and cash equivalents2,409,1422,836,3913,168,9103,333,3053,879,3414,091,404
Total current assets:2,409,1422,836,3913,168,9103,333,3053,879,3414,091,404
Noncurrent Assets
Operating lease, right-of-use asset   5,6006,0005,3005,000
Property, plant and equipment279,758279,461278,088278,159279,609283,843
Intangible assets, net (including goodwill)200,278201,158202,038202,918205,382202,019
Goodwill182,055182,055182,055182,055183,639176,563
Intangible assets, net (excluding goodwill)18,22319,10319,98320,86321,74325,456
Amortization method qualified affordable housing project investments   24,700   
Total noncurrent assets:480,036480,619510,426487,077490,291490,862
Other undisclosed assets9,131,0879,015,0958,708,5278,631,9968,160,4418,042,165
TOTAL ASSETS:12,020,26512,332,10512,387,86312,452,37812,530,07312,624,431
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt3,893203,4943004,6006,1003,300
Total current liabilities:3,893203,4943004,6006,1003,300
Noncurrent Liabilities
Liabilities, other than long-term debt   22,300   
Qualified affordable housing project investments, commitment   22,300   
Total noncurrent liabilities:   22,300   
Other undisclosed liabilities10,675,58110,817,72911,114,42711,252,62911,338,27811,453,329
Total liabilities:10,679,47411,021,22311,137,02711,257,22911,344,37811,456,629
Equity
Equity, attributable to parent1,340,7911,310,8821,250,8361,195,1491,185,6951,167,802
Common stock32,93932,90032,87632,85632,78132,726
Additional paid in capital172,358170,231169,231168,217165,295163,392
Accumulated other comprehensive loss(71,005)(56,914)(71,563)(82,240)(46,488)(29,516)
Retained earnings1,206,4991,164,6651,120,2921,076,3161,034,1071,001,200
Total equity:1,340,7911,310,8821,250,8361,195,1491,185,6951,167,802
TOTAL LIABILITIES AND EQUITY:12,020,26512,332,10512,387,86312,452,37812,530,07312,624,431

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues158,115155,270143,338122,53298,17287,657
Net investment income150,818145,446135,793114,01291,49678,519
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(2,824)(2,322)(3,776)(2,863)(501)(2,936)
Gross profit:155,291152,948139,562119,66997,67184,721
Operating expenses(10,115)(10,497)(10,532)(9,631)(9,157)(9,112)
Operating income:145,176142,451129,030110,03888,51475,609
Nonoperating income (expense)
(Profit (Loss) from Real Estate Operations)
(2,889)(2,459)(6,235)(2,392)510(1,794)
Interest and debt expense(44,892)(36,290)(25,441)(13,065)(4,629)(3,012)
Income from continuing operations before equity method investments, income taxes:97,395103,70297,35494,58184,39570,803
Other undisclosed loss from continuing operations before income taxes(27,429)(29,357)(27,215)(26,244)(29,148)(27,094)
Income from continuing operations before income taxes:69,96674,34570,13968,33755,24743,709
Income tax expense(14,956)(16,812)(13,013)(12,985)(10,540)(7,794)
Income from continuing operations:55,01057,53357,12655,35244,70735,915
Income before gain (loss) on sale of properties:55,35244,70735,915
Net income available to common stockholders, diluted:55,01057,53357,12655,35244,70735,915

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:55,01057,53357,12655,35244,70735,915
Other comprehensive income (loss)4,3504,50449,652(11,033)(5,240)(10,219)
Comprehensive income:59,36062,037106,77844,31939,46725,696
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(18,441)10,145(38,975)(24,719)(11,732)(21,447)
Comprehensive income, net of tax, attributable to parent:40,91972,18267,80319,60027,7354,249

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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