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Dec 31, 2024
BancFirst Q4 2024 Earnings Report
BancFirst Corporation reported increased net income and earnings per share for the fourth quarter of 2024.
Key Takeaways
BancFirst Corporation reported a net income of $56.5 million, or $1.68 diluted earnings per share, for the fourth quarter of 2024, compared to $48.9 million, or $1.46 diluted earnings per share, for the fourth quarter of 2023. The company's net interest income increased to $115.9 million, and total assets reached $13.6 billion.
Net income for Q4 2024 was $56.5 million, or $1.68 diluted earnings per share.
Net interest income for Q4 2024 increased to $115.9 million.
Total assets reached $13.6 billion as of December 31, 2024.
Loans grew to $8.0 billion, and deposits totaled $11.7 billion.
BancFirst
BancFirst
BancFirst Revenue by Segment
Forward Guidance
BancFirst's outlook for 2025 is positive overall, supported by the strong performance of the economy in its region.
Positive Outlook
- The Company reported record net income and record earnings per share for the fourth consecutive year.
- Loan growth was the primary driver of improved results in 2024 when compared to last year.
- Asset quality remained strong.
- The return of deposit growth was encouraging.
- The economy in our region of the country continues to perform well.