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OKLAHOMA CITY - BancFirst Corporation (NASDAQ:BANF) reported first quarter 2025 earnings that exceeded analyst expectations, with revenue also coming in above estimates. The Oklahoma-based bank holding company saw growth in net interest income and noninterest income compared to the same period last year.
BancFirst posted earnings per share of $1.67 for Q1, beating the analyst consensus of $1.58 by $0.09. Revenue rose to $164.84 million, surpassing estimates of $161.71 million.
Net income increased to $56.1 million, up from $50.3 million in Q1 2024. Net interest income grew to $115.9 million, compared to $106.1 million a year ago, driven by higher loan volume and growth in earning assets. The net interest margin remained steady at 3.70%.
Noninterest income totaled $49.0 million, up from $44.9 million in the prior year quarter, with gains seen in trust revenue, treasury income, sweep fees and insurance commissions.
Total (EPA:TTEF) assets reached $14.0 billion as of March 31, 2025, an increase of $483.7 million from the end of 2024. Loans grew by $69.6 million to $8.1 billion, while deposits rose $408.2 million to $12.1 billion.
CEO David Harlow commented, "The Company continues to perform fundamentally well; however, the current bond and equity market volatility presents a unique backdrop. The ultimate impact on our region’s economy, our customers and, thus, credit quality remains to be seen."
The stock showed no significant movement following the earnings release, suggesting investors viewed the results as largely in-line with expectations despite the beats on EPS and revenue.
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