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On Thursday, BancFirst Corporation (NASDAQ:BANF), a $4.16 billion market cap financial institution with a solid track record of dividend payments, reported the outcomes of its annual shareholder meeting held on May 22, 2025, and announced upcoming dividend payments. According to InvestingPro data, the company has maintained dividend payments for 33 consecutive years, demonstrating remarkable consistency in shareholder returns. The Oklahoma City-based financial institution confirmed that all 17 directors proposed by the board were elected, the appointment of Forvis Mazars, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified, and the executive compensation was approved.
The meeting saw a strong turnout with over 29 million shares represented, out of the 33 million shares entitled to vote. Detailed voting results for each director nominee, as well as the number of votes for, against, abstentions, and broker non-votes, were disclosed.
Additionally, the company’s Board of Directors declared a quarterly cash dividend of $0.46 per share on its common stock, representing a yield of 1.46% and marking the company’s 27th consecutive year of dividend increases. This dividend is payable on July 15, 2025, to shareholders of record as of June 30, 2025. InvestingPro subscribers can access 8 additional key insights about BancFirst’s financial health and growth prospects, including detailed dividend analysis and future growth projections. BancFirst Corporation will also make a quarterly interest payment on $26.8 million of its 7.20% Junior Subordinated Debentures associated with the trust preferred securities issued by BFC Capital Trust II. Consequently, a dividend of $0.45 per share on the trust preferred securities will be paid on the same date to shareholders on record by the end of June.
The information in this article is based on a press release statement and enhanced with financial data from InvestingPro, which indicates that BancFirst is currently trading near its Fair Value, with a P/E ratio of 18.65 and maintains a "GOOD" overall financial health rating.
In other recent news, BancFirst Corporation reported first-quarter 2025 earnings that surpassed analyst expectations, with earnings per share reaching $1.67, beating the consensus estimate of $1.58. The company’s revenue also exceeded forecasts, totaling $164.84 million against the expected $161.71 million. Net income rose to $56.1 million, up from $50.3 million in the previous year, with net interest income increasing to $115.9 million, driven by higher loan volumes. BancFirst announced plans to acquire American Bank of Oklahoma, which holds approximately $385 million in total assets. This acquisition aims to expand BancFirst’s presence in Oklahoma and is expected to be completed in the third quarter of 2025, pending regulatory approvals. Keefe, Bruyette & Woods maintained a Market Perform rating for BancFirst, while DA Davidson reiterated a Neutral rating with a $120 price target, highlighting effective cost control and stable asset quality. The acquisition strategy aligns with BancFirst’s historical approach of acquiring smaller, community-focused franchises. The company continues to demonstrate solid performance, with analysts expecting ongoing activity in mergers and acquisitions.
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