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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
Revenue by Segment
Trust Revenue
CapyFin.comService charges on deposits Revenue
CapyFin.comSecurities transactions Revenue
CapyFin.comInsurance commissions Revenue
CapyFin.comCash management Revenue
CapyFin.comOther income Revenue
CapyFin.com 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.