NASDAQ$BANF
BancFirst Corporation · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
BancFirst reported strong earnings for the third quarter of 2022, driven by margin expansion and solid loan growth.
BancFirst Corporation reported a net income of $55.4 million, or $1.65 diluted earnings per share, for the third quarter of 2022, compared to $38.8 million, or $1.16 diluted earnings per share, for the third quarter of 2021. The company's net interest income increased to $100.9 million from $80.2 million in the same quarter last year. Total assets reached $12.5 billion, and deposits totaled $11.1 billion.
- Net income increased to $55.4 million, or $1.65 diluted EPS, compared to $38.8 million, or $1.16 diluted EPS, in Q3 2021.
- Net interest income rose to $100.9 million from $80.2 million year-over-year.
- Noninterest income increased to $49.3 million, driven by sweep fees and income from an equity interest.
- Total assets grew to $12.5 billion, and deposits reached $11.1 billion.
Headline financials
Revenue & EPS history
BancFirst · Revenue · Quarterly
$150M
Revenue by segment
BancFirst · $49.3M total across 7 segments · Q3 2022
- Service charges on deposits$22.2M—44.9%
- Other income$7.99M—16.2%
- Insurance commissions$7.5M—15.2%
- Cash management$5.62M—11.4%
- Trust revenue$4.13M—8.4%
- Sales of loans$969K—2.0%
- Securities transactions$966K—2.0%
Forward guidance
BancFirst expects to maintain current CECL reserves in the near term and anticipates an economic slowdown in Oklahoma and Texas.
Tailwinds
- Strong quarter reported at $1.65/share.
- Margin expansion as a result of continued fed tightening.
- Solid loan growth.
- Non-Interest income expanded across most all major categories.
- Asset quality remained superior with YTD net charge offs of 1 bps.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
+1.1%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+4.2%
Avg return
30 days after
62%
41 / 66 earnings
Positive
+10.9%
Q1 2017
Best reaction
-9.0%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +8.5% | +2.0% | -4.5% | |
| Q4 2025 | -7.7% | -8.0% | -0.5% | |
| Q3 2025 | -1.8% | -1.7% | -3.1% | |
| Q2 2025 | -1.5% | +1.2% | +6.9% | |
| Q1 2025 | +3.2% | +8.4% | +17.3% | |
| Q4 2024 | -2.2% | -2.5% | -4.3% | |
| Q3 2024 | +1.8% | -1.8% | +8.7% | |
| Q2 2024 | +5.0% | +7.7% | +2.6% | |
| Q1 2024 | +9.9% | +13.6% | +13.3% | |
| Q4 2023 | +1.3% | +5.0% | +1.3% | |
| Q3 2023 | +0.3% | -2.6% | +3.8% | |
| Q2 2023 | -3.7% | -3.5% | -4.7% | |
| Q1 2023 | -9.0% | -3.1% | +3.8% | |
| Q4 2022 | -3.0% | -2.7% | +5.1% | |
| Q3 2022 | +6.9% | +0.4% | +5.8% | |
| Q2 2022 | +9.8% | +17.3% | +27.4% | |
| Q1 2022 | -1.6% | -1.3% | -4.7% | |
| Q4 2021 | -1.9% | -0.8% | +2.1% | |
| Q3 2021 | -0.4% | -0.5% | +2.9% | |
| Q2 2021 | -2.7% | -5.2% | -1.4% | |
| Q1 2021 | +0.3% | -4.2% | +4.7% | |
| Q4 2020 | +0.4% | -2.9% | +1.8% | |
| Q3 2020 | +0.6% | +2.6% | +21.5% | |
| Q2 2020 | +1.2% | +0.7% | +16.5% | |
| Q1 2020 | -1.5% | +6.7% | +6.5% | |
| Q4 2019 | -2.4% | -3.0% | -5.2% | |
| Q3 2019 | +3.5% | +4.9% | +4.5% | |
| Q2 2019 | +6.1% | +4.0% | -1.6% | |
| Q1 2019 | +0.8% | +2.7% | -0.7% | |
| Q4 2018 | +3.0% | +1.6% | +7.9% | |
| Q3 2018 | +0.6% | -3.1% | -0.2% | |
| Q2 2018 | +4.6% | +3.5% | +3.1% | |
| Q1 2018 | +7.6% | +8.9% | +8.9% | |
| Q4 2017 | +3.2% | +3.2% | +2.7% | |
| Q3 2017 | -2.4% | -2.6% | -6.9% | |
| Q2 2017 | +9.9% | +9.7% | -1.2% | |
| Q1 2017 | +10.9% | +11.1% | +3.6% | |
| Q4 2016 | +0.8% | +0.6% | +2.8% | |
| Q3 2016 | -2.3% | -1.2% | +13.9% | |
| Q2 2016 | +7.0% | +7.5% | +8.0% | |
| Q1 2016 | +4.2% | — | — | |
| Q4 2015 | -1.7% | — | — | |
| Q3 2015 | -0.3% | — | — | |
| Q2 2015 | +0.5% | — | — | |
| Q1 2015 | -2.3% | — | — | |
| Q4 2014 | +3.9% | — | — | |
| Q3 2014 | -0.2% | — | — | |
| Q2 2014 | +2.2% | — | — | |
| Q1 2014 | +2.7% | — | — | |
| Q4 2013 | +1.6% | — | — | |
| Q3 2013 | +3.1% | — | — | |
| Q2 2013 | +2.3% | — | — | |
| Q1 2013 | +0.6% | — | — | |
| Q4 2012 | -2.8% | — | — | |
| Q3 2012 | +2.5% | — | — | |
| Q2 2012 | +0.8% | — | — | |
| Q1 2011 | -1.2% | — | — | |
| Q1 2012 | +0.1% | — | — | |
| Q4 2009 | +1.2% | — | — | |
| Q4 2011 | +1.2% | — | — | |
| Q4 2010 | +1.2% | — | — | |
| Q3 2011 | -4.5% | — | — | |
| Q3 2010 | -4.5% | — | — | |
| Q2 2010 | -2.5% | — | — | |
| Q2 2011 | -2.5% | — | — | |
| Q1 2010 | +4.3% | — | — |
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