BANF FY 2022 Earnings Report — BancFirst Corporation Revenue & Financial Results | Market Cap Arena

BancFirst CorporationBANF

FY 2022 Earnings

Reported February 24, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$604M	—	$497M	—	21.4%
Op. Income	$237M	—	$208M	—	13.9%
Gross Margin	90.7%	—	99.5%	—	-8.8pp
Net Margin	32.0%	—	33.7%	—	-1.7pp
EPS (Diluted)	$5.77	—	$5.03	—	14.7%
Free Cash Flow	$206M	—	$177M	—	16.9%

Revenue Flow

Item	Amount
REVENUE	$604M
Cost of Revenue	$56M
GROSS PROFIT	$547M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$190M
SG&A Expenses	$198M
Other Expenses	$112M
Operating Expenses	$310M
Cost & Expenses	$366M
OPERATING INCOME	$237M
Interest Income	$420M
Interest Expense	$46M
Other Income/Expenses	$0
INCOME BEFORE TAX	$237M
Income Tax Expense	$44M
Net Income from Continuing Ops	$193M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$193M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$193M
D&A	$22M
EBIT	$237M
EBITDA	$259M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$604M
Cost of Revenue	$56M
GROSS PROFIT	$547M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$190M
SG&A Expenses	$198M
Other Expenses	$112M
Operating Expenses	$310M
Cost & Expenses	$366M
OPERATING INCOME	$237M
Interest Income	$420M
Interest Expense	$46M
Other Income/Expenses	$0
INCOME BEFORE TAX	$237M
Income Tax Expense	$44M
Net Income from Continuing Ops	$193M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$193M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$193M
D&A	$22M
EBIT	$237M
EBITDA	$259M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$193M
Depreciation & Amortization	$22M
Stock-Based Compensation	$2M
Deferred Income Tax	$322.0K
Other Non-Cash Items	$23M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$226M
Capital Expenditure	-$20M
Acquisitions (Net)	$121M
Purchases of Investments	-$1.9B
Sales/Maturities of Investments	$781M
Other Investing Activities	-$516M
NET CASH FROM INVESTING	-$1.5B
Net Debt Issuance	$300.0K
Common Stock Repurchased	$0
Common Dividends Paid	-$48M
Other Financing Activities	$2.5B
NET CASH FROM FINANCING	$2.4B
FREE CASH FLOW	$206M
Net Change in Cash	$1.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.2B
Short-Term Investments	$1.5B
Net Receivables	$302M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.0B
PP&E (Net)	$278M
Goodwill	$182M
Intangible Assets	$20M
Long-Term Investments	$6.9B
Tax Assets	$0
Other Non-Current Assets	$40M
TOTAL NON-CURRENT ASSETS	$7.4B
TOTAL ASSETS	$12.4B
Account Payables	$76M
Short-Term Debt	$300.0K
Deferred Revenue	$0
Other Current Liabilities	$11.0B
TOTAL CURRENT LIABILITIES	$11.1B
Long-Term Debt	$86M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$86M
TOTAL LIABILITIES	$11.1B
Common Stock	$33M
Additional Paid-In Capital	$169M
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$72M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$12.4B
Total Debt	$86M
Net Debt	-$3.1B