BANF

MKT CAP:$4B

BancFirst Corporation

Market Cap

$4B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$114.85+$8.38 (+7.87%)

Apr 23, 2026

Company Details

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. It operates through Metropolitan Banks, Community Banks...

CEO

David R. Harlow

IPO Date

Mar 26, 1990

Website

www.bancfirst.bank

Key Metrics TTM

Revenue

$824M

-9.3% YoY

Net Income

$241M

EPS (Diluted)

$7.12

Free Cash Flow

$237M

Revenue / Share

$24.31

Gross Margin

82.9%

Operating Margin

36.8%

Net Margin

29.2%

FCF Margin

28.7%

P/S

4.6x

P/E

15.9x

Earnings Reports

FY 2025

Feb 26, 2026

$824M-9.3%EPS $7.12

Q4 2025

Feb 26, 2026

$181M-22.5%EPS $1.75

Q3 2025

Nov 7, 2025

$175M-25.8%EPS $1.85

Q2 2025

Aug 5, 2025

$236M+6.3%EPS $1.85

Q1 2025

May 9, 2025

$231M+6.8%EPS $1.67

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$122M	$116M	$44M
Q2 22	$134M	$129M	$55M
Q3 22	$163M	$147M	$68M
Q4 22	$184M	$155M	$70M
Q1 23	$193M	$155M	$74M
Q2 23	$199M	$151M	$70M
Q3 23	$205M	$146M	$65M
Q4 23	$213M	$150M	$60M
Q1 24	$217M	$147M	$64M
Q2 24	$222M	$150M	$65M
Q3 24	$236M	$161M	$74M
Q4 24	$233M	$164M	$72M
Q1 25	$231M	$163M	$71M
Q2 25	$236M	$168M	$80M
Q3 25	$175M	$171M	$79M
Q4 25	$181M	$181M	$74M

Valuation

Quarter	P/S	P/E
Q1 22	5.4x	16.9x
Q2 22	6.4x	20.4x
Q3 22	5.5x	17.1x
Q4 22	4.5x	14.2x
Q1 23	4.0x	12.6x
Q2 23	4.1x	13.4x
Q3 23	3.6x	12.6x
Q4 23	3.8x	14.5x
Q1 24	3.4x	13.8x
Q2 24	3.3x	14.3x
Q3 24	3.9x	16.6x
Q4 24	4.4x	18.3x
Q1 25	3.9x	16.4x
Q2 25	4.4x	17.5x
Q3 25	4.8x	17.9x
Q4 25	4.4x	15.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$64M	$57M
Q2 22	$56M	$51M
Q3 22	$59M	$56M
Q4 22	$47M	$42M
Q1 23	$70M	$62M
Q2 23	$60M	$55M
Q3 23	$61M	$56M
Q4 23	$43M	$38M
Q1 24	$66M	$56M
Q2 24	$100M	$94M
Q3 24	$78M	$72M
Q4 24	$17M	$2M
Q1 25	$77M	$66M
Q2 25	$78M	$64M
Q3 25	$75M	$64M
Q4 25	$55M	$43M

Capital Expenditures

Quarter	CapEx
Q1 22	$7M
Q2 22	$5M
Q3 22	$3M
Q4 22	$5M
Q1 23	$8M
Q2 23	$5M
Q3 23	$5M
Q4 23	$5M
Q1 24	$10M
Q2 24	$6M
Q3 24	$5M
Q4 24	$15M
Q1 25	$11M
Q2 25	$14M
Q3 25	$12M
Q4 25	$12M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+1.8%	+15.8%
Q2 22	+3.5%	+18.3%
Q3 22	+32.8%	+27.2%
Q4 22	+47.7%	+43.2%
Q1 23	+58.2%	+51.6%
Q2 23	+48.2%	+63.4%
Q3 23	+25.3%	+46.8%
Q4 23	+15.6%	+33.7%
Q1 24	+12.0%	+28.1%
Q2 24	+11.9%	+22.1%
Q3 24	+15.5%	+16.5%
Q4 24	+9.8%	+6.0%
Q1 25	+6.8%	+5.2%
Q2 25	+6.3%	-0.3%
Q3 25	-25.8%	-40.6%
Q4 25	-22.5%	-33.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$458.0K	0.4%
Q2 22	$460.0K	0.3%
Q3 22	$627.0K	0.4%
Q4 22	$396.0K	0.2%
Q1 23	$382.0K	0.2%
Q2 23	$831.0K	0.4%
Q3 23	$864.0K	0.4%
Q4 23	$922.0K	0.4%
Q1 24	$715.0K	0.3%
Q2 24	$920.0K	0.4%
Q3 24	$945.0K	0.4%
Q4 24	$872.0K	0.4%
Q1 25	$790.0K	0.3%
Q2 25	$919.0K	0.4%
Q3 25	$1M	0.6%
Q4 25	$960.0K	0.5%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$45M	$2M
Q2 22	$46M	$2M
Q3 22	$49M	$2M
Q4 22	$49M	$2M
Q1 23	$51M	$3M
Q2 23	$51M	$2M
Q3 23	$52M	$2M
Q4 23	$52M	$3M
Q1 24	$53M	$2M
Q2 24	$54M	$2M
Q3 24	$56M	$2M
Q4 24	$56M	$3M
Q1 25	$56M	$2M
Q2 25	$57M	$2M
Q3 25	$73M	$2M
Q4 25	$99M	$3M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$3.3B	$1.5B	$4.9B
Q4 22	$3.2B	$1.5B	$4.7B
Q1 23	$2.8B	$1.6B	$4.5B
Q2 23	$2.4B	$1.6B	$4.0B
Q3 23	$2.3B	$1.5B	$3.9B
Q4 23	$2.4B	$1.6B	$4.0B
Q1 24	$2.5B	$1.5B	$4.1B
Q2 24	$2.5B	$1.4B	$3.9B
Q3 24	$3.0B	$1.4B	$4.4B
Q4 24	$3.6B	$330M	$3.9B
Q1 25	$4.0B	$335M	$4.3B
Q2 25	$4.0B	$336M	$4.3B
Q3 25	$4.1B	$356M	$4.4B
Q4 25	$227M	$0	$227M
Q1 26	$4.4B	$0	$4.4B
Q1 26	$4.4B	$909M	$5.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	33M	+0.4%	-0.3%
Q2 22	33M	+0.3%	+0.0%
Q3 22	34M	+0.4%	+0.8%
Q4 22	34M	-0.1%	+1.0%
Q1 23	33M	-0.1%	+0.4%
Q2 23	33M	+0.0%	+0.1%
Q3 23	34M	+0.2%	+0.0%
Q4 23	33M	-0.2%	-0.1%
Q1 24	34M	+0.1%	+0.1%
Q2 24	34M	+0.0%	+0.2%
Q3 24	34M	+0.4%	+0.3%
Q4 24	34M	+0.3%	+0.8%
Q1 25	34M	-0.2%	+0.5%
Q2 25	34M	+0.4%	+0.8%
Q3 25	34M	+0.2%	+0.6%
Q4 25	34M	+0.1%	+0.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$62.7K	2K
Q2 22	$68.8K	2K
Q3 22	$83.9K	2K
Q4 22	$94.4K	2K
Q1 23	$99.2K	2K
Q2 23	$102.0K	2K
Q3 23	$105.1K	2K
Q4 23	$100.8K	2K
Q1 24	$102.7K	2K
Q2 24	$105.5K	2K
Q3 24	$112.1K	2K
Q4 24	$110.7K	2K
Q1 25	$109.7K	2K
Q2 25	$112.1K	2K
Q3 25	$83.2K	2K
Q4 25	$85.8K	2K

Revenue / Employee