BancFirst Corp to Acquire American Bank of Oklahoma

BancFirst Corporation (NASDAQ:BANF), a $4.3 billion market cap financial institution based in Oklahoma City, has announced its plans to acquire American Bank of Oklahoma (ABOK). The agreement, which was entered into on May 20, 2025, is set to expand BancFirst’s footprint in the region. According to InvestingPro data, BancFirst maintains a "GREAT" financial health score, suggesting strong positioning for this acquisition. ABOK, a privately held community bank located in Collinsville, Oklahoma, reports approximately $385 million in total assets, $280 million in loans, and $320 million in deposits. BancFirst’s strong track record includes 27 consecutive years of dividend increases, demonstrating consistent financial management.

The acquisition is on track for completion in the third quarter of 2025, pending regulatory approvals and standard closing conditions. Following the acquisition, American Bank of Oklahoma will continue to operate under its current name until its expected merger into BancFirst in the fourth quarter of 2025.

This strategic move aims to enhance BancFirst’s market presence in Oklahoma, providing an opportunity for the company to serve a larger customer base and integrate ABOK’s existing operations into its own. BancFirst Corporation, a financial holding company, operates through its principal subsidiary, BancFirst, a state-chartered bank in Oklahoma.

The information provided in this article is based on a press release statement filed with the SEC.

In other recent news, BancFirst Corporation reported first-quarter 2025 earnings that exceeded analyst expectations, with both earnings per share and revenue surpassing estimates. The company posted earnings per share of $1.67, beating the consensus estimate of $1.58, and reported revenue of $164.84 million, above the estimated $161.71 million. BancFirst’s net income increased to $56.1 million, up from $50.3 million in the same period last year, supported by growth in net interest income and noninterest income. The bank’s total assets reached $14.0 billion, with loans and deposits also showing significant growth. In a strategic move, BancFirst announced an agreement to acquire the American Bank of Oklahoma, which will add approximately $385 million in total assets. The acquisition is expected to close in the third quarter of 2025, pending regulatory approvals. DA Davidson maintained a Neutral rating on BancFirst’s stock with a price target of $120, noting the bank’s solid quarterly performance and effective cost control. The firm’s analysis highlighted BancFirst’s stable net interest margin and low net charge-offs, reflecting strong financial management. These developments indicate a steady operational performance for BancFirst in the current financial landscape.

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