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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,168,9102,050,0221,616,9121,868,2811,431,7761,757,875
Cash and cash equivalents3,168,9102,050,0221,616,9121,868,2811,424,2551,757,875
Short-term investments     7,521 
Total current assets:3,168,9102,050,0221,616,9121,868,2811,431,7761,757,875
Noncurrent Assets
Operating lease, right-of-use asset 5,6005,0004,4005,700
Property, plant and equipment278,088269,047261,677206,275174,362134,088
Intangible assets, net (including goodwill)202,038167,488168,921171,21296,21965,124
Goodwill182,055149,922149,922148,60479,74954,042
Intangible assets, net (excluding goodwill)19,98317,56618,99922,60816,47011,082
Amortization method qualified affordable housing project investments 24,70020,10018,10020,40018,50016,900
Total noncurrent assets:510,426461,635453,098403,587289,081216,112
Other undisclosed assets8,708,5276,893,9557,142,3476,293,8905,853,4015,279,169
TOTAL ASSETS:12,387,8639,405,6129,212,3578,565,7587,574,2587,253,156
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt300 1,1001,1001,675900
Total current liabilities:300 1,1001,1001,675900
Noncurrent Liabilities
Liabilities, other than long-term debt 22,30017,00019,40015,60017,30015,300
Qualified affordable housing project investments, commitment 22,30017,00019,40015,60017,30015,300
Total noncurrent liabilities: 22,30017,00019,40015,60017,30015,300
Other undisclosed liabilities11,114,4278,216,8788,123,9727,544,0696,652,4946,461,327
Total liabilities:11,137,0278,233,8788,144,4727,560,7696,671,4696,477,527
Equity
Equity, attributable to parent1,250,8361,171,7341,067,8851,004,989902,789775,629
Common stock32,87632,60332,72032,69432,60431,895
Additional paid in capital169,231159,914156,574153,353149,709107,481
Accumulated other comprehensive income (loss)(71,563)2,1507,4303,454(2,139)(2,327)
Retained earnings1,120,292977,067871,161815,488722,615638,580
Total equity:1,250,8361,171,7341,067,8851,004,989902,789775,629
TOTAL LIABILITIES AND EQUITY:12,387,8639,405,6129,212,3578,565,7587,574,2587,253,156

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues451,699360,810354,307360,533322,705342,373
Net investment income419,820327,021327,114336,657303,204248,068
Financial services revenue94,305
Cost of revenue(10,076) (62,648)(8,287)(3,802)(8,512)
Provision for loan, lease, and other losses(10,076) (62,648)(8,287)(3,802)
Financial services costs(8,512)
Gross profit:441,623360,810291,659352,246318,903333,861
Operating expenses(38,432)(35,737)(33,985)(30,467)(29,484)(151,971)
Operating income:403,191325,073257,674321,779289,419181,890
Nonoperating income (expense)
(Profit (Loss) from Real Estate Operations)
(9,911)(9,089)1,531785(239) 
Interest and debt expense(46,147)(11,364)(20,446)(54,736)(42,728)(20,929)
Income from continuing operations before equity method investments, income taxes:347,133304,620238,759267,828246,452160,961
Other undisclosed loss from continuing operations before income taxes(109,701)(96,222)(115,247)(98,266)(86,700)(24,656)
Income from continuing operations before income taxes:237,432208,398123,512169,562159,752136,305
Income tax expense(44,332)(40,768)(23,926)(34,683)(33,938)(49,866)
Income from continuing operations:193,100167,63099,586134,879125,81486,439
Income before gain (loss) on sale of properties:167,63099,586134,879125,81486,439
Net income available to common stockholders, diluted:193,100167,63099,586134,879125,81486,439

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:193,100167,63099,586134,879125,81486,439
Other comprehensive income (loss)23,160(1,829)1,3261,918(139) 
Comprehensive income:216,260165,801100,912136,797125,67586,439
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(96,873)(3,451)2,6503,675(291)(2,421)
Comprehensive income, net of tax, attributable to parent:119,387162,350103,562140,472125,38484,018

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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