NASDAQ$BANF
BancFirst Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
BancFirst reported Q3 2023 earnings, with net income of $51.0 million and diluted earnings per share of $1.52.
BancFirst Corporation reported a decrease in net income for the third quarter of 2023 compared to the same period in 2022, while net interest income increased. The company faced headwinds including reduced interchange fees and increased regulatory overhead.
- Net income for Q3 2023 was $51.0 million, or $1.52 diluted earnings per share, compared to $55.4 million, or $1.65 diluted earnings per share, for Q3 2022.
- Net interest income for Q3 2023 increased to $104.3 million, up from $100.9 million in Q3 2022, driven by rising short-term interest rates and loan growth.
- Total assets were $12.1 billion as of September 30, 2023, a decrease of $273.3 million from December 31, 2022.
- Loans totaled $7.5 billion, an increase of $526.7 million from December 31, 2022.
Headline financials
Revenue & EPS history
BancFirst · Revenue · Quarterly
$149M
Revenue by segment
BancFirst · $44.4M total across 7 segments · Q3 2023
- Service charges on deposits$17M-23.2%38.3%
- Insurance commissions$8.43M+12.4%19.0%
- Cash management$8.18M+45.4%18.4%
- Other income$5.58M-30.2%12.5%
- Trust revenue$4.87M+18.0%10.9%
- Sales of loans$734K-24.3%1.7%
- Securities transactions-$361K-137.4%-0.8%
Forward guidance
BancFirst anticipates continued headwinds in the coming months, including deposit pricing pressure and increased overhead due to regulatory requirements for holding companies with assets exceeding $10 billion.
Tailwinds
- Talented bankers
- Fortress balance sheet
- Top-tier liquidity
- Favorable market position
- Solid quarter at $1.52 diluted earnings per share
Headwinds
- Impact of reduced interchange fees under the Durbin Amendment
- Deposit pricing pressure
- Increased overhead required to meet regulatory requirements
- Assets exceeding $10 billion
- Continuing headwinds in the coming months
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 2023
+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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