OKLAHOMA CITY, Oct. 21, 2021 /PRNewswire/ -- BancFirst
Corporation (NASDAQ GS: BANF) reported net income of $38.8 million, or $1.16 diluted earnings per share, for the third
quarter of 2021 compared to net income of $20.9 million, or $0.63 diluted earnings per share, for the third
quarter of 2020. The Company recorded a provision for credit losses
of $1.5 million for the three months
ended September 30, 2021 compared to
a provision for credit losses of $18.7
million for the three months ended September 30, 2020. Net income for the nine
months ended September 30, 2021 was
$129.5 million, or $3.88 diluted earnings per share, compared to
$64.2 million, or $1.94 diluted earnings per share, for the nine
months ended September 30, 2020. The
Company recorded a net benefit from reversal of provisions for
credit losses of $8.5 million for the
nine months ended September 30, 2021
compared to a provision for credit losses of $57.7 million for the nine months ended
September 30, 2020.
BancFirst Corporation Executive Chairman David Rainbolt commented, "Recently, COVID cases
have begun to decline in Oklahoma,
but continue to impact some businesses. As a result, our revised
quarterly economic scenario supports a stable reserve.
Consequently, the provision was very slight this quarter. We
would anticipate the economic effects of the pandemic to wane more
rapidly over the next quarter which would imply a lower reserve
going forward."
The Company's net interest income for the third quarter of 2021
increased to $80.2 million compared
to $75.9 million for the third
quarter of 2020, as a result of an increase of $6.1 million in fee income from Paycheck
Protection Program (PPP) loan forgiveness. The net interest margin
for the quarter was 3.09% compared to 3.40% a year ago. Noninterest
income for the quarter totaled $39.8
million, compared to $34.6
million last year. The increase in noninterest income was
attributable to $2.9 million in
rental income from other real estate property, a $2.1 million increase in income from debit card
interchange fees and a $1.5 million
increase in insurance commissions. Noninterest expense for the
quarter increased to $70.2 million
compared to $66.1 million last year,
because of the increase in approximately $2.0 million related to other real estate
property operating costs and $1.0
million in net occupancy and depreciation primarily from the
Company's new corporate headquarters. The Company's effective tax
rate was 19.7% compared to 18.4% for the third quarter of 2020.
At September 30, 2021, the
Company's total assets were $11.3
billion, an increase of $2.1
billion from December 31,
2020. Loans totaled $6.0
billion, a decrease of $410.3
million from December 31, 2020
stemming from a net decrease of approximately $451.5 million in PPP loans and approximately
$21 million of loans that were sold
with the Company's Hugo, Oklahoma
branch, which were partially offset by approximately $149 million of acquired loans from the First
National Bank and Trust Company of Vinita, Oklahoma. Deposits totaled
$10.0 billion, an increase of
$1.9 billion from December 31, 2020. The increase in assets and
deposits was predominantly related to PPP and other government
stimulus payments. At September 30,
2021, the balance of PPP loans was $201.2 million. The Company's total stockholders'
equity was $1.1 billion, an increase
of $79.0 million over December 31, 2020. Off-balance sheet sweep
accounts totaled $2.7 billion at
September 30, 2021 compared to
$2.8 billion at December 31, 2020.
Nonaccrual loans represent 0.44% of total loans at September 30, 2021, down from 0.58% at year-end
2020. Net charge-offs for the quarter were 0.01% of average loans,
compared to 0.03% in the third quarter of 2020. The allowance
for credit losses to total loans was 1.43% at September 30, 2021 compared to 1.42% at year-end
2020, and the allowance for credit losses to nonaccrual loans was
324.96% compared to 243.35% at year-end 2020. At September 30, 2021, the Company's nonaccrual
loans decreased $10.9 million from
year-end 2020, as a result of the resolution of several loans,
which was offset by $7.2 million of
nonaccrual loans acquired from The First National Bank and Trust
Company of Vinita, Oklahoma. At
September 30, 2021, the Company's
other real estate owned (OREO) increased $6.8 million from December
31, 2020, and included approximately $4.0 million from the repossession of one
commercial real estate property, $2.4
million from the decommissioning of the Company's previous
headquarters, and approximately $600,000 acquired from The First National Bank
and Trust Company of Vinita,
Oklahoma.
BancFirst Corporation CEO David
Harlow commented, "Fees related to ongoing PPP loan
forgiveness and a year-to-date negative provision have allowed for
outsized EPS through the first nine months of the year. For
the remainder of this year and into 2022, our challenge will be to
grow loans and stabilize our margin while continuing to build upon
and expand our non-interest and fee based revenues."
BancFirst Corporation (the Company) is an Oklahoma based financial services holding
company. The Company operates two subsidiary banks,
BancFirst, an Oklahoma
state-chartered bank with 108 banking locations serving 59
communities across Oklahoma, and
Pegasus Bank, with 3 banking locations in Dallas, TX. More information can be found at
www.bancfirst.bank.
The Company may make forward-looking statements within the
meaning of Section 27A of the securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934 with respect to
earnings, credit quality, corporate objectives, interest rates and
other financial and business matters. Forward-looking
statements include estimates and give management's current
expectations or forecasts of future events. The Company
cautions readers that these forward-looking statements are subject
to numerous assumptions, risks and uncertainties, including
economic conditions, the performance of financial markets and
interest rates; legislative and regulatory actions and reforms;
competition; as well as other factors, all of which change over
time. Actual results may differ materially from
forward-looking statements.
BancFirst Corporation
|
Summary Financial
Information
|
(Dollars in
thousands, except per share and share data -
Unaudited)
|
|
|
|
2021
|
|
2021
|
|
2021
|
|
2020
|
|
2020
|
|
|
3rd
Qtr
|
|
2nd
Qtr
|
|
1st
Qtr
|
|
4th
Qtr
|
|
3rd
Qtr
|
Condensed
Income Statements:
|
|
|
|
|
|
|
|
|
|
|
Net interest
income
|
|
$
80,190
|
|
$
82,363
|
|
$
77,206
|
|
$
79,535
|
|
$
75,852
|
Provision for
(benefit from) credit losses
|
|
1,483
|
|
(9,949)
|
|
—
|
|
4,992
|
|
18,740
|
Non-interest
income:
|
|
|
|
|
|
|
|
|
|
|
Trust
revenue
|
|
3,210
|
|
3,264
|
|
3,102
|
|
2,976
|
|
3,131
|
Service charges on
deposits
|
|
21,706
|
|
20,524
|
|
19,100
|
|
19,796
|
|
19,078
|
Securities
transactions
|
|
150
|
|
172
|
|
95
|
|
156
|
|
—
|
Income from sales of
loans
|
|
1,594
|
|
2,133
|
|
2,010
|
|
1,852
|
|
1,873
|
Insurance
commissions
|
|
6,666
|
|
5,015
|
|
5,989
|
|
5,680
|
|
5,197
|
Cash
management
|
|
3,127
|
|
3,068
|
|
3,003
|
|
3,135
|
|
3,701
|
Other
|
|
3,333
|
|
10,442
|
|
6,636
|
|
1,825
|
|
1,595
|
Total noninterest
income
|
|
39,786
|
|
44,618
|
|
39,935
|
|
35,420
|
|
34,575
|
|
|
|
|
|
|
|
|
|
|
|
Non-interest
expense:
|
|
|
|
|
|
|
|
|
|
|
Salaries and employee
benefits
|
|
42,267
|
|
41,992
|
|
39,577
|
|
40,750
|
|
41,995
|
Occupancy expense,
net
|
|
5,086
|
|
4,528
|
|
4,348
|
|
4,533
|
|
4,503
|
Depreciation
|
|
4,207
|
|
4,133
|
|
3,877
|
|
3,779
|
|
3,795
|
Amortization of
intangible assets
|
|
755
|
|
809
|
|
793
|
|
915
|
|
968
|
Data processing
services
|
|
1,734
|
|
1,660
|
|
1,678
|
|
1,763
|
|
1,669
|
Net expense from
other real estate owned
|
|
1,810
|
|
3,357
|
|
1,510
|
|
420
|
|
196
|
Marketing and
business promotion
|
|
1,796
|
|
1,648
|
|
1,879
|
|
1,671
|
|
1,485
|
Deposit
insurance
|
|
846
|
|
766
|
|
876
|
|
857
|
|
723
|
Other
|
|
11,713
|
|
15,130
|
|
10,425
|
|
10,923
|
|
10,749
|
Total
noninterest expense
|
|
70,214
|
|
74,023
|
|
64,963
|
|
65,611
|
|
66,083
|
Income before
income taxes
|
|
48,279
|
|
62,907
|
|
52,178
|
|
44,352
|
|
25,604
|
Income tax
expense
|
|
9,529
|
|
14,715
|
|
9,658
|
|
8,994
|
|
4,714
|
Net
income
|
|
$
38,750
|
|
$
48,192
|
|
$
42,520
|
|
$
35,358
|
|
$
20,890
|
Per Common
Share Data:
|
|
|
|
|
|
|
|
|
|
|
Net
income-basic
|
|
$
1.18
|
|
$
1.47
|
|
$
1.30
|
|
$
1.08
|
|
$
0.64
|
Net
income-diluted
|
|
1.16
|
|
1.45
|
|
1.27
|
|
1.06
|
|
0.63
|
Cash dividends
declared
|
|
0.36
|
|
0.34
|
|
0.34
|
|
0.34
|
|
0.34
|
Common shares
outstanding
|
|
32,572,217
|
|
32,784,513
|
|
32,771,013
|
|
32,719,852
|
|
32,679,191
|
Average common
shares outstanding -
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
32,744,104
|
|
32,779,227
|
|
32,756,852
|
|
32,690,296
|
|
32,668,789
|
Diluted
|
|
33,267,955
|
|
33,405,923
|
|
33,408,116
|
|
33,275,550
|
|
33,168,938
|
Performance
Ratios:
|
|
|
|
|
|
|
|
|
|
|
Return on
average assets
|
|
1.37%
|
|
1.79%
|
|
1.69%
|
|
1.45%
|
|
0.86%
|
Return on
average stockholders' equity
|
|
13.42
|
|
17.42
|
|
15.90
|
|
13.25
|
|
7.89
|
Net interest
margin
|
|
3.09
|
|
3.32
|
|
3.36
|
|
3.55
|
|
3.40
|
Efficiency
ratio
|
|
58.52
|
|
58.29
|
|
55.46
|
|
57.08
|
|
59.84
|
|
|
|
|
|
|
|
|
|
|
|
BancFirstCorporation
|
Summary Financial
Information
|
(Dollars in
thousands, except per share and share data -
Unaudited)
|
|
|
|
|
|
|
|
Nine months
ended
|
September
30,
|
|
|
2021
|
|
2020
|
Condensed
Income Statements:
|
|
|
|
|
Net interest
income
|
|
$
239,759
|
|
$
227,133
|
(Benefit from)
provision for credit losses
|
|
(8,466)
|
|
57,656
|
Non-interest
income:
|
|
|
|
|
Trust
revenue
|
|
9,576
|
|
10,154
|
Service charges on
deposits
|
|
61,330
|
|
54,642
|
Securities
transactions
|
|
417
|
|
(545)
|
Income from sales of
loans
|
|
5,737
|
|
4,215
|
Insurance
commissions
|
|
17,670
|
|
15,316
|
Cash
management
|
|
9,198
|
|
12,276
|
Other
|
|
20,411
|
|
5,744
|
Total noninterest
income
|
|
124,339
|
|
101,802
|
|
|
|
|
|
Non-interest
expense:
|
|
|
|
|
Salaries and employee
benefits
|
|
123,836
|
|
123,977
|
Occupancy expense,
net
|
|
13,962
|
|
11,888
|
Depreciation
|
|
12,217
|
|
10,830
|
Amortization of
intangible assets
|
|
2,357
|
|
2,900
|
Data processing
services
|
|
5,072
|
|
4,990
|
Net income (expense)
from other real estate owned
|
|
6,677
|
|
(1,951)
|
Marketing and
business promotion
|
|
5,323
|
|
5,325
|
Deposit
insurance
|
|
2,488
|
|
1,224
|
Other
|
|
37,268
|
|
32,936
|
Total noninterest
expense
|
|
209,200
|
|
192,119
|
Income before
income taxes
|
|
163,364
|
|
79,160
|
Income tax
expense
|
|
33,902
|
|
14,932
|
Net
income
|
|
$
129,462
|
|
$
64,228
|
Per Common
Share Data:
|
|
|
|
|
Net
income-basic
|
|
$
3.95
|
|
$
1.97
|
Net
income-diluted
|
|
3.88
|
|
1.94
|
Cash dividends
declared
|
|
1.04
|
|
0.98
|
Common shares
outstanding
|
|
32,572,217
|
|
32,679,191
|
Average common
shares outstanding -
|
|
|
|
|
Basic
|
|
32,760,015
|
|
32,666,554
|
Diluted
|
|
33,358,837
|
|
33,190,294
|
Performance
Ratios:
|
|
|
|
|
Return on
average assets
|
|
1.61%
|
|
0.93%
|
Return on
average stockholders' equity
|
|
15.54
|
|
8.24
|
Net interest
margin
|
|
3.25
|
|
3.58
|
Efficiency
ratio
|
|
57.46
|
|
58.41
|
BancFirstCorporation
|
Summary Financial
Information
|
(Dollars in
thousands, except per share and share data -
Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2021
|
|
2021
|
|
2021
|
|
2020
|
|
2020
|
|
|
3rd
Qtr
|
|
2nd
Qtr
|
|
1st
Qtr
|
|
4th
Qtr
|
|
3rd
Qtr
|
Balance Sheet
Data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
assets
|
|
$
11,302,771
|
|
$
11,015,287
|
|
$
10,549,305
|
|
$
9,212,357
|
|
$
9,618,868
|
Interest-bearing
deposits with banks
|
|
3,836,809
|
|
3,373,099
|
|
2,788,316
|
|
1,336,394
|
|
1,609,462
|
Debt
securities
|
|
529,484
|
|
563,771
|
|
520,543
|
|
555,196
|
|
596,941
|
Total
loans
|
|
6,037,886
|
|
6,207,262
|
|
6,380,108
|
|
6,448,225
|
|
6,660,694
|
Allowance for credit
losses
|
|
(86,463)
|
|
(83,963)
|
|
(90,860)
|
|
(91,366)
|
|
(106,126)
|
Deposits
|
|
9,992,044
|
|
9,728,389
|
|
9,371,940
|
|
8,064,704
|
|
8,495,891
|
Stockholders'
equity
|
|
1,146,874
|
|
1,131,591
|
|
1,094,671
|
|
1,067,885
|
|
1,043,752
|
Book value per common
share
|
|
35.21
|
|
34.52
|
|
33.40
|
|
32.64
|
|
31.94
|
Tangible book value
per common share (non-GAAP)(1)
|
|
30.04
|
|
29.35
|
|
28.27
|
|
27.47
|
|
26.74
|
Balance Sheet
Ratios:
|
|
|
|
|
|
|
|
|
|
|
Average loans to
deposits
|
|
61.56%
|
|
65.36%
|
|
70.84%
|
|
77.02%
|
|
78.55%
|
Average earning
assets to total assets
|
|
92.13
|
|
92.01
|
|
91.54
|
|
91.82
|
|
91.99
|
Average stockholders'
equity to average assets
|
|
10.22
|
|
10.25
|
|
10.64
|
|
10.91
|
|
10.90
|
Asset Quality
Data:
|
|
|
|
|
|
|
|
|
|
|
Past due
loans
|
|
$
5,186
|
|
$
4,386
|
|
$
5,282
|
|
$
4,802
|
|
$
6,412
|
Nonaccrual loans
(5)
|
|
26,607
|
|
29,802
|
|
35,326
|
|
37,545
|
|
82,385
|
Restructured
loans
|
|
7,073
|
|
7,485
|
|
7,801
|
|
7,784
|
|
2,837
|
Total nonperforming
and restructured loans
|
|
38,866
|
|
41,673
|
|
48,409
|
|
50,131
|
|
91,634
|
Other real estate
owned and repossessed assets
|
|
39,060
|
|
40,183
|
|
30,320
|
|
32,480
|
|
4,939
|
Total nonperforming
and restructured assets
|
|
77,926
|
|
81,856
|
|
78,729
|
|
82,611
|
|
96,573
|
Nonaccrual loans to
total loans
|
|
0.44%
|
|
0.48%
|
|
0.55%
|
|
0.58%
|
|
1.24%
|
Nonaccrual loans to
total Non-PPP loans (non-GAAP)(3)
|
|
0.46
|
|
0.51
|
|
0.62
|
|
0.65
|
|
1.41
|
Nonperforming and
restructured loans to total loans
|
|
0.64
|
|
0.67
|
|
0.76
|
|
0.78
|
|
1.38
|
Nonperforming and
restructured loans to total Non-PPP loans (non-GAAP)(3)
|
|
0.67
|
|
0.71
|
|
0.85
|
|
0.86
|
|
1.57
|
Nonperforming and
restructured assets to total assets
|
|
0.69
|
|
0.74
|
|
0.75
|
|
0.90
|
|
1.00
|
Allowance to total
loans
|
|
1.43
|
|
1.35
|
|
1.42
|
|
1.42
|
|
1.59
|
Allowance to total
Non-PPP loans (non-GAAP)(3)
|
|
1.48
|
|
1.44
|
|
1.60
|
|
1.58
|
|
1.82
|
Allowance to
nonaccrual loans
|
|
324.96
|
|
281.73
|
|
257.20
|
|
243.35
|
|
128.82
|
Allowance to
nonperforming and restructured loans
|
|
222.46
|
|
201.48
|
|
187.69
|
|
182.26
|
|
115.81
|
Net charge-offs to
average loans
|
|
0.01
|
|
0.06
|
|
0.01
|
|
0.30
|
|
0.03
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of
Tangible Book Value Per Common Share (non-GAAP)(2):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stockholders'
equity
|
|
$
1,146,874
|
|
$
1,131,591
|
|
$
1,094,671
|
|
$
1,067,885
|
|
$
1,043,752
|
Less
goodwill
|
|
149,922
|
|
149,922
|
|
149,922
|
|
149,922
|
|
149,922
|
Less intangible
assets, net
|
|
18,325
|
|
19,283
|
|
18,206
|
|
18,999
|
|
19,914
|
Tangible
stockholders' equity (non-GAAP)
|
|
$
978,627
|
|
$
962,386
|
|
$
926,543
|
|
$
898,964
|
|
$
873,916
|
Common shares
outstanding
|
|
32,572,217
|
|
32,784,513
|
|
32,771,013
|
|
32,719,852
|
|
32,679,191
|
Tangible book value
per common share (non-GAAP)
|
|
$
30.04
|
|
$
29.35
|
|
$
28.27
|
|
$
27.47
|
|
$
26.74
|
|
|
|
|
|
|
|
|
|
|
|
(1) Refer to the
"Reconciliation of Tangible Book Value per Common Share (non-GAAP)"
Table.
|
(2) Tangible book value per
common share is stockholders' equity less goodwill and intangible
assets, net, divided by common shares outstanding. This amount is a
non-GAAP financial measure but has been included as it is
considered to be a critical metric with which to analyze and
evaluate the financial condition and capital strength of the
Company. This measure should not be considered a substitute for
operating results determined in accordance with
GAAP.
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of
Non-PPP loan ratios (non-GAAP)(4):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
loans
|
|
$
6,037,886
|
|
$
6,207,262
|
|
$
6,380,108
|
|
$
6,448,225
|
|
$
6,660,694
|
Less PPP
loans
|
|
201,208
|
|
368,620
|
|
713,714
|
|
652,693
|
|
831,703
|
Total Non-PPP loans
(non-GAAP)
|
|
$
5,836,678
|
|
$
5,838,642
|
|
$
5,666,394
|
|
$
5,795,532
|
|
$
5,828,991
|
|
|
|
|
|
|
|
|
|
|
|
Nonaccrual loans
(5)
|
|
26,607
|
|
29,802
|
|
35,326
|
|
37,545
|
|
82,385
|
Nonaccrual loans to
total Non-PPP loans (non-GAAP)
|
|
0.46%
|
|
0.51%
|
|
0.62%
|
|
0.65%
|
|
1.41%
|
Total nonperforming
and restructured loans
|
|
38,866
|
|
41,673
|
|
48,409
|
|
50,131
|
|
91,634
|
Nonperforming and
restructured loans to total Non-PPP loans (non-GAAP)
|
|
0.67%
|
|
0.71%
|
|
0.85%
|
|
0.86%
|
|
1.57%
|
Allowance for credit
losses
|
|
(86,463)
|
|
(83,963)
|
|
(90,860)
|
|
(91,366)
|
|
(106,126)
|
Allowance to total
Non-PPP loans (non-GAAP)
|
|
1.48%
|
|
1.44%
|
|
1.60%
|
|
1.58%
|
|
1.82%
|
|
|
|
|
|
|
|
|
|
|
|
(3) Refer to the
"Reconciliation of Non-PPP loan ratios (non-GAAP)"
Table.
|
(4) Nonaccrual loans to total
Non-PPP loans is nonaccrual loans, divided by total loans less
Paycheck Protection Program (PPP) loans. Nonperforming and
restructured loans to total Non-PPP loans is nonperforming and
restructured loans, divided by total loans less PPP loans.
Allowance to total Non-PPP loans is allowance for credit losses,
divided by total loans less PPP loans. These amounts are non-GAAP
financial measures but have been included as they are considered
critical metrics with which to analyze and evaluate the financial
condition and capital strength of the Company. These measures
should not be considered substitutes for operating results
determined in accordance with GAAP.
|
(5) Government
Agencies guarantee approximately $3.1 million of nonaccrual loans
at September 30, 2021.
|
BancFirst
Corporation
|
Consolidated
Average Balance Sheets
|
And Interest
Margin Analysis
|
Taxable Equivalent
Basis
|
(Dollars in
thousands - Unaudited)
|
|
|
|
Three Months
Ended
|
|
Nine Months
Ended
|
|
|
|
September 30,
2021
|
|
September 30,
2021
|
|
|
|
|
|
Interest
|
|
Average
|
|
|
|
Interest
|
|
Average
|
|
|
|
Average
|
|
Income/
|
|
Yield/
|
|
Average
|
|
Income/
|
|
Yield/
|
|
|
|
Balance
|
|
Expense
|
|
Rate
|
|
Balance
|
|
Expense
|
|
Rate
|
|
ASSETS
|
|
Earning
assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans
|
|
$
6,103,533
|
|
$
80,370
|
|
5.22
|
%
|
$
6,267,176
|
|
$
240,733
|
|
5.14
|
%
|
Debt
securities – taxable
|
|
536,690
|
|
1,484
|
|
1.10
|
|
531,109
|
|
4,779
|
|
1.20
|
|
Debt
securities – tax exempt
|
|
6,336
|
|
45
|
|
2.83
|
|
13,530
|
|
222
|
|
2.20
|
|
Interest
bearing deposits with banks and FFS
|
|
3,682,313
|
|
1,441
|
|
0.16
|
|
3,064,852
|
|
2,861
|
|
0.12
|
|
Total earning
assets
|
|
10,328,872
|
|
83,340
|
|
3.20
|
|
9,876,667
|
|
248,595
|
|
3.37
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonearning
assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and due
from banks
|
|
269,153
|
|
|
|
|
|
270,724
|
|
|
|
|
|
Interest
receivable and other assets
|
|
696,567
|
|
|
|
|
|
688,223
|
|
|
|
|
|
Allowance for
credit losses
|
|
(83,969)
|
|
|
|
|
|
(89,116)
|
|
|
|
|
|
Total nonearning
assets
|
|
881,751
|
|
|
|
|
|
869,831
|
|
|
|
|
|
Total assets
|
|
$
11,210,623
|
|
|
|
|
|
$
10,746,498
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND
STOCKHOLDERS' EQUITY
|
Interest bearing
liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transaction
deposits
|
|
$
881,043
|
|
$
161
|
|
0.07
|
%
|
$
835,363
|
|
$
465
|
|
0.07
|
%
|
Savings
deposits
|
|
3,825,687
|
|
989
|
|
0.10
|
|
3,675,121
|
|
3,034
|
|
0.11
|
|
Time
deposits
|
|
659,490
|
|
838
|
|
0.50
|
|
658,306
|
|
2,814
|
|
0.57
|
|
Short-term
borrowings
|
|
2,713
|
|
—
|
|
0.10
|
|
2,595
|
|
1
|
|
0.07
|
|
Subordinated
debt
|
|
85,964
|
|
1,031
|
|
4.76
|
|
46,957
|
|
2,100
|
|
5.98
|
|
Total interest bearing
liabilities
|
|
5,454,897
|
|
3,019
|
|
0.22
|
|
5,218,342
|
|
8,414
|
|
0.22
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest free
funds:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noninterest
bearing deposits
|
|
4,547,944
|
|
|
|
|
|
4,363,925
|
|
|
|
|
|
Interest
payable and other liabilities
|
|
61,794
|
|
|
|
|
|
50,469
|
|
|
|
|
|
Stockholders'
equity
|
|
1,145,988
|
|
|
|
|
|
1,113,762
|
|
|
|
|
|
Total interest free
funds
|
|
5,755,726
|
|
|
|
|
|
5,528,156
|
|
|
|
|
|
Total liabilities and
stockholders' equity
|
|
$
11,210,623
|
|
|
|
|
|
$
10,746,498
|
|
|
|
|
|
Net interest
income
|
|
|
|
$
80,321
|
|
|
|
|
|
$
240,181
|
|
|
|
Net interest
spread
|
|
|
|
|
|
2.98
|
%
|
|
|
|
|
3.15
|
%
|
Effect of interest
free funds
|
|
|
|
|
|
0.11
|
%
|
|
|
|
|
0.10
|
%
|
Net interest
margin
|
|
|
|
|
|
3.09
|
%
|
|
|
|
|
3.25
|
%
|
View original
content:https://www.prnewswire.com/news-releases/bancfirst-corporation-reports-third-quarter-earnings-301406173.html
SOURCE BancFirst