A Business at a Glance
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BANCFIRST CORP /OK/
BANF
$3.9B
Mkt Cap
$116.58
+1.44%
BANCFIRST CORP /OK/ (BANF) has a current P/E ratio of 16.4, compared to its historical median P/E of 15.3. The stock is currently considered Fair based on its historical valuation range.
BANCFIRST CORP /OK/ (BANF) has a 5-year average return on invested capital (ROIC) of 14.8%. This indicates solid capital allocation.
BANCFIRST CORP /OK/ (BANF) has a market capitalization of $3.9B. It is classified as a mid-cap stock.
Yes, BANCFIRST CORP /OK/ (BANF) pays a dividend with a trailing twelve-month yield of 1.58%.
Based on historical P/E analysis, BANCFIRST CORP /OK/ (BANF) appears fair. The current P/E of 16.4 is 7% above its historical median of 15.3. The estimated fair value CAGR (P/E method) is 12.4%.
BANCFIRST CORP /OK/ (BANF) operates in the National Commercial Banks industry, within the Financials sector.
BANCFIRST CORP /OK/ (BANF) reported annual revenue of $960 million in its most recent fiscal year, based on SEC EDGAR filings.
BancFirst Corporation (the “Company”) is a financial holding company headquartered in Oklahoma City, Oklahoma and registered under the Bank Holding Company Act of 1956, as amended (the “BHC Act”). It conducts a vast majority of its operating activities through its wholly-owned subsidiary, BancFirst (“BancFirst”), an Oklahoma state-chartered bank headquartered in Oklahoma City, Oklahoma. The Company also conducts operating activities through its wholly-owned subsidiaries, Pegasus Bank (“Pegasus”), a Texas state-chartered bank headquartered in Dallas, Texas, Worthington Bank ("Worthington"), a Texas state-chartered bank headquartered in Arlington, Texas and, prior to its merger with BancFirst in February 2026, American Bank of Oklahoma (“ABOK”), an Oklahoma state-chartered bank headquartered in Collinsville, Oklahoma.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 960M | 960M | 909M | 809M | 604M | 497M |
| Net Income | 241M | 241M | 216M | 212M | 193M | 168M |
| EPS | $7.11 | $7.11 | $6.44 | $6.34 | $5.77 | $5.03 |
| Free Cash Flow | 237M | 237M | 225M | 211M | 206M | 177M |
| ROIC | 1.6% | 13.8% | 14.2% | 15.8% | 15.6% | 14.6% |
| Gross Margin | 71.3% | 71.3% | 68.5% | 74.4% | 90.7% | 96.0% |
| Debt/Equity | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.05 |
| Dividends/Share | $1.84 | $1.90 | $1.78 | $1.66 | $1.52 | $1.35 |
| Operating Income | 305M | 305M | 275M | 270M | 237M | 208M |
| Operating Margin | 31.8% | 31.8% | 30.3% | 33.4% | 39.3% | 41.9% |
| ROE | 13.0% | 13.8% | 14.2% | 15.8% | 15.9% | 15.0% |
| Shares Outstanding | 34M | 34M | 34M | 34M | 33M | 33M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 291M | 307M | 326M | 366M | 428M | 474M | 464M | 497M | 604M | 809M | 909M | 960M | 960M |
| Gross Margin | 94.5% | 93.5% | 91.9% | 92.0% | 89.1% | 86.7% | 82.1% | 96.0% | 90.7% | 74.4% | 68.5% | 71.3% | 71.3% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 109M | 113M | 120M | 125M | 140M | 153M | 165M | 167M | 185M | 200M | 212M | 226M | 226M |
| EBIT | 91M | 101M | 108M | 136M | 160M | 170M | 124M | 208M | 237M | 270M | 275M | 305M | 305M |
| Op. Margin | 31.4% | 33.0% | 33.2% | 37.2% | 37.3% | 35.8% | 26.6% | 41.9% | 39.3% | 33.4% | 30.3% | 31.8% | 31.8% |
| Net Income | 64M | 66M | 71M | 86M | 126M | 135M | 100M | 168M | 193M | 212M | 216M | 241M | 241M |
| Net Margin | 22.0% | 21.6% | 21.7% | 23.6% | 29.4% | 28.5% | 21.4% | 33.7% | 32.0% | 26.3% | 23.8% | 25.1% | 25.1% |
| Non-Recurring | 0 | 368K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 10.9% | 10.5% | 10.3% | 11.6% | 15.0% | 14.1% | 9.6% | 14.6% | 15.6% | 15.8% | 14.2% | 13.8% | 1.6% |
| ROE | 11.0% | 10.5% | 10.3% | 11.6% | 15.0% | 14.1% | 9.6% | 15.0% | 15.9% | 15.8% | 14.2% | 13.8% | 13.0% |
| ROA | 1.0% | 1.0% | 1.0% | 1.2% | 1.7% | 1.7% | 1.1% | 1.8% | 1.8% | 1.7% | 1.7% | 1.7% | 1.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 77M | 78M | 91M | 110M | 140M | 159M | 155M | 204M | 226M | 233M | 261M | 285M | 285M |
| Free Cash Flow | 65M | 67M | 80M | 92M | 88M | 132M | 88M | 177M | 206M | 211M | 225M | 237M | 237M |
| Owner Earnings | 64M | 65M | 77M | 97M | 125M | 142M | 135M | 182M | 202M | 208M | 236M | 259M | 259M |
| CapEx | 11M | 11M | 11M | 18M | 52M | 27M | 66M | 27M | 20M | 23M | 37M | 48M | 48M |
| Maint. CapEx | 11M | 12M | 12M | 12M | 14M | 16M | 18M | 20M | 22M | 22M | 22M | 23M | 23M |
| Growth CapEx | 141K | 0 | 0 | 6.2M | 38M | 11M | 48M | 7.2M | 0 | 315K | 15M | 26M | 26M |
| D&A | 11M | 12M | 12M | 12M | 14M | 16M | 18M | 20M | 22M | 22M | 22M | 23M | 23M |
| CapEx/OCF | 14.9% | 14.4% | 12.0% | 17.2% | 37.0% | 17.0% | 43.1% | 13.4% | 8.7% | 9.7% | 14.0% | 16.9% | 16.9% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 20M | 21M | 23M | 25M | 30M | 40M | 42M | 45M | 48M | 54M | 58M | 62M | 62M |
| Dividend Yield | 2.6% | 1.4% | 1.3% | 1.8% | 1.8% | 2.5% | 3.1% | 2.3% | 1.7% | 1.9% | 1.8% | 1.6% | 1.6% |
| Share Buybacks | 0 | 1.7M | 5.5M | 0 | 7.9M | 1.6M | 3.1M | 12M | 0 | 1.8M | 0 | 0 | 0 |
| Buyback Yield | N/A | 0.2% | 0.4% | N/A | 0.5% | 0.1% | 0.2% | 0.5% | N/A | 0.1% | N/A | N/A | 0.0% |
| Stock-Based Comp | 1.7M | 1.7M | 1.6M | 1.2M | 1.4M | 1.3M | 1.5M | 2.1M | 1.9M | 3.0M | 3.5M | 3.7M | 3.7M |
| Debt Repayment | 6.9M | 3.5M | 0 | 400K | 775K | 575K | 3.0M | 1.1M | 300K | 3.1M | 3.4M | 14M | 14M |
| Balance Sheet | |||||||||||||
| Net Debt | -2.4B | -2.1B | -2.3B | -2.2B | -2.2B | -2.4B | -2.2B | -2.5B | -4.7B | -3.9B | -4.8B | -5.3B | -4.4B |
| Cash & Equiv. | 1.9B | 1.6B | 1.9B | 1.8B | 1.4B | 1.9B | 1.6B | 2.1B | 3.2B | 2.4B | 3.6B | 4.4B | 4.4B |
| Long-Term Debt | 25K | 32K | N/A | N/A | N/A | N/A | 3.0M | 59M | N/A | 0 | 0 | 14M | 14M |
| Debt/Equity | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.1 |
| Equity | 609M | 656M | 711M | 776M | 903M | 1.0B | 1.1B | 1.2B | 1.3B | 1.4B | 1.6B | 1.9B | 1.9B |
| Total Assets | 6.6B | 6.7B | 7.0B | 7.3B | 7.6B | 8.6B | 9.2B | 9.4B | 12.4B | 12.4B | 13.6B | 14.8B | 14.8B |
| Total Liabilities | 6.0B | 6.0B | 6.3B | 6.5B | 6.7B | 7.6B | 8.1B | 8.2B | 11.1B | 10.9B | 11.9B | 13.0B | 13.0B |
| Intangibles | 11M | 16M | 13M | 11M | 16M | 23M | 19M | 18M | 20M | 17M | 13M | 21M | 21M |
| Retained Earnings | 493M | 536M | 578M | 639M | 723M | 815M | 871M | 977M | 1.1B | 1.3B | 1.4B | 1.6B | 1.6B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 2.02 | 1.05 | 1.11 | 2.65 | 3.76 | 4.05 | 3.00 | 5.03 | 5.77 | 6.34 | 6.44 | 7.11 | 7.11 |
| Owner EPS | 2.02 | 1.02 | 1.20 | 2.97 | 3.74 | 4.25 | 4.06 | 5.45 | 6.04 | 6.20 | 7.03 | 7.65 | 7.65 |
| Book Value | 19.27 | 10.35 | 11.17 | 23.78 | 26.98 | 30.18 | 32.17 | 35.16 | 37.38 | 42.79 | 48.26 | 54.79 | 54.79 |
| Cash Flow/Share | 2.43 | 1.23 | 1.42 | 3.36 | 4.18 | 4.77 | 4.66 | 6.12 | 6.76 | 6.95 | 7.77 | 8.43 | 7.78 |
| Dividends/Share | 0.62 | 0.34 | 0.36 | 0.76 | 0.90 | 1.20 | 1.28 | 1.35 | 1.52 | 1.66 | 1.78 | 1.90 | 1.84 |
| Shares Out. | 31.6M | 63.3M | 63.7M | 32.6M | 33.5M | 33.3M | 33.2M | 33.3M | 33.5M | 33.5M | 33.6M | 33.8M | 33.8M |
| Valuation | |||||||||||||
| P/E Ratio | 12.6 | 11.6 | 17.6 | 16.7 | 11.5 | 13.7 | 17.7 | 13.0 | 14.4 | 15.2 | 18.2 | 15.4 | 16.4 |
| P/FCF | 12.3 | 22.9 | 31.3 | 15.7 | 16.4 | 14.1 | 20.0 | 12.3 | 13.4 | 15.3 | 17.6 | 15.6 | 16.6 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -1.4 |
| Price/Book | 1.3 | 1.2 | 1.8 | 1.9 | 1.6 | 1.8 | 1.7 | 1.9 | 2.2 | 2.2 | 2.4 | 2.0 | 2.1 |
| Price/Sales | 2.7 | 2.7 | 2.8 | 4.0 | 4.3 | 3.9 | 3.0 | 4.1 | 5.1 | 4.6 | 5.1 | 5.8 | 4.1 |
| FCF Yield | 8.1% | 8.7% | 6.4% | 6.4% | 6.1% | 7.1% | 5.0% | 8.1% | 7.4% | 6.5% | 5.7% | 6.4% | 6.0% |
| Market Cap | 804M | 768M | 1.2B | 1.4B | 1.4B | 1.9B | 1.8B | 2.2B | 2.8B | 3.2B | 3.9B | 3.7B | 3.9B |
| Avg. Price | 23.78 | 24.70 | 27.09 | 42.15 | 49.37 | 48.78 | 40.78 | 59.21 | 84.72 | 84.14 | 96.11 | 118.27 | 116.58 |
| Year-End Price | 25.41 | 24.20 | 39.18 | 44.29 | 43.19 | 55.68 | 53.16 | 65.28 | 82.95 | 96.18 | 117.50 | 109.23 | 116.58 |
BANCFIRST CORP /OK/ passes 5 of 9 quality checks, suggesting mixed fundamentals.
BANCFIRST CORP /OK/ trades at 16.4x trailing earnings, compared to its 15-year median P/E of 15.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 16.5x vs a median of 15.7x. The company's 5-year average ROIC is 14.8% with a gross margin of 80.2%. Total shareholder yield (dividends) is 1.6%. At current prices, the estimated annualized return to fair value is +16.0%.
BANCFIRST CORP /OK/ (BANF) has a net profit margin of 25.1%. This is a strong margin indicating high profitability.
BANCFIRST CORP /OK/ (BANF) generated $237 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
BANCFIRST CORP /OK/ (BANF) has a debt-to-equity ratio of 0.01. This indicates a conservatively financed balance sheet.
BANCFIRST CORP /OK/ (BANF) reported earnings per share (EPS) of $7.11 in its most recent fiscal year.
BANCFIRST CORP /OK/ (BANF) has a return on equity (ROE) of 13.8%. This indicates moderate shareholder returns.
BANCFIRST CORP /OK/ (BANF) has a 5-year average gross margin of 80.2%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for BANCFIRST CORP /OK/ (BANF), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BANCFIRST CORP /OK/ (BANF) has a book value per share of $54.79, based on its most recent annual SEC filing.
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