EX-99.1


	100 N. Broadway Ave
FOR IMMEDIATE RELEASE	Oklahoma City, OK 73102
Friday, October 17, 2025	www.bancfirst.bank

BANCFIRST CORPORATION REPORTS THIRD QUARTER EARNINGS

BancFirst Corporation (NASDAQ GS:BANF) reported net income of $62.7 million, or $1.85 per diluted share, for the third quarter of 2025 compared to net income of $58.9 million, or $1.75 per diluted share, for the third quarter of 2024.

The Company’s net interest income for the three-months ended September 30, 2025 increased to $125.6 million in comparison to $115.0 million for the same period in 2024. Higher loan volume along with general growth in earning assets were the primary drivers of the change in net interest income. Net interest margin improved slightly to 3.79% for the third quarter of 2025 from 3.78% for the third quarter of 2024. The Company recorded a provision for credit losses on loans of $4.2 million in the third quarter of 2025 and $3.0 million for the same period in 2024.

Noninterest income for the quarter totaled $49.9 million compared to $48.7 million last year. Trust revenue, treasury income, sweep fees and securities transactions each increased when compared to third quarter last year.

Noninterest expense grew to $92.1 million for the quarter-ended September 30, 2025 compared to $86.7 million in the same quarter in 2024. The increase in noninterest expense was primarily due to growth in salaries and employee benefits of $3.5 million. Also contributing to the increase was occupancy expense, due largely to repairs and maintenance, and increases in other noninterest expense driven primarily by professional fees.

At September 30, 2025, the Company’s total assets were $14.2 billion, an increase of $643.8 million from December 31, 2024. Loans grew $254.0 million from December 31, 2024, totaling $8.3 billion at September 30, 2025. Deposits totaled $12.1 billion, an increase of $399.8 million from year-end 2024. Off-balance sheet sweep accounts totaled $4.9 billion at September 30, 2025, down $316.4 million from December 31, 2024. The Company’s total stockholders’ equity was $1.8 billion, an increase of $161.6 million from the end of 2024.

Asset quality continued to be strong. Nonaccrual loans totaled $57.3 million, representing 0.69% of total loans at September 30, 2025, down from 0.72% at year-end 2024. The allowance for credit losses to total loans was 1.20% at September 30, 2025, down from 1.24% at December 31, 2024. Net charge-offs were $1.7 million for the quarter, compared to $775,000 for the third quarter last year.

BancFirst Corporation CEO David Harlow commented, “Loan growth and a sustained net interest margin led to another strong quarter for the company. Solid growth in noninterest income also contributed positively to the quarter. A mixed bag on the economy, stronger than expected growth and weaker employment prospects resulted in a Fed rate cut of 25 basis points in September, the first rate cut since December 2024. Our outlook is a mixed bag as well; however, on balance, we continue to believe a slowing economy in our region of the country is more likely than not and, as such, we have maintained a healthy allowance for credit losses as a percentage of loans.”

BancFirst Corporation (the Company) is an Oklahoma based financial services holding company. The Company operates three subsidiary banks, BancFirst, an Oklahoma state-chartered bank with 104 banking locations serving 59 communities across Oklahoma, Pegasus Bank, a Texas state-chartered bank with three banking locations in the Dallas Metroplex area, and Worthington Bank, a Texas state-chartered bank with three locations in the Fort Worth Metroplex area, one location in Arlington Texas and one location in Denton Texas. 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.

For additional information call:

Hannah Andrus, Chief Financial Officer at (405) 218-4174 or

David Harlow, Chief Executive Officer at (405) 270-1082.


BancFirst Corporation
Summary Financial Information
(Dollars in thousands, except per share and share data - Unaudited)

	2025			2025			2025			2024			2024
	3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr
Condensed Income Statements:
Net interest income	$	125,615		$	121,256		$	115,949		$	115,917		$	114,957
Provision for credit losses on loans		4,222			1,239			1,461			(1,400	)		3,031
Provision for off-balance sheet credit exposures		216			148			125			-			-
Noninterest income:
Trust revenue		5,850			5,795			5,539			5,551			5,672
Service charges on deposits		18,131			17,741			16,804			18,133			17,723
Securities transactions		492			(740	)		(333	)		355			(308	)
Sales of loans		916			830			636			731			721
Insurance commissions		8,954			7,920			10,410			7,914			9,391
Cash management		10,338			10,573			10,051			9,221			9,189
Other		5,185			5,929			5,787			5,114			6,324
Total noninterest income		49,866			48,048			48,894			47,019			48,712

Noninterest expense:
Salaries and employee benefits		57,681			55,147			54,593			54,327			54,215
Occupancy expense, net		6,434			6,037			5,753			5,977			5,776
Depreciation		4,725			4,691			4,808			4,593			4,482
Amortization of intangible assets		862			862			886			887			886
Data processing services		2,901			2,985			2,892			2,726			2,720
Net expense from other real estate owned		2,778			2,941			2,658			6,446			2,751
Marketing and business promotion		2,126			2,325			2,461			2,719			2,168
Deposit insurance		1,736			1,675			1,725			1,653			1,645
Other		12,829			11,536			16,403			13,007			12,091
Total noninterest expense		92,072			88,199			92,179			92,335			86,734
Income before income taxes		78,971			79,718			71,078			72,001			73,904
Income tax expense		16,317			17,371			14,966			15,525			15,001
Net income	$	62,654		$	62,347		$	56,112		$	56,476		$	58,903
Per Common Share Data:
Net income-basic	$	1.88		$	1.87		$	1.69		$	1.71		$	1.78
Net income-diluted		1.85			1.85			1.66			1.68			1.75
Cash dividends declared		0.49			0.46			0.46			0.46			0.46
Common shares outstanding		33,329,247			33,272,131			33,241,564			33,216,519			33,122,689
Average common shares outstanding -
Basic		33,310,290			33,255,015			33,232,788			33,172,530			33,097,164
Diluted		33,864,129			33,795,243			33,768,873			33,750,993			33,646,549
Performance Ratios:
Return on average assets		1.76	%		1.79	%		1.66	%		1.67	%		1.80	%
Return on average stockholders’ equity		14.18			14.74			13.85			14.04			15.14
Net interest margin		3.79			3.75			3.70			3.68			3.78
Efficiency ratio		52.47			52.10			55.92			56.67			52.99


BancFirst Corporation
Summary Financial Information
(Dollars in thousands, except per share and share data - Unaudited)

	2025			2025			2025			2024			2024
	3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr
Balance Sheet Data:

Total assets	$	14,198,140		$	14,045,780		$	14,038,055		$	13,554,314		$	13,313,482
Interest-bearing deposits with banks		3,849,736			3,737,763			3,706,328			3,315,932			2,743,578
Debt securities		1,015,941			1,104,604			1,167,441			1,211,754			1,376,913
Total loans		8,287,167			8,124,497			8,102,810			8,033,183			8,188,202
Allowance for credit losses		(99,511	)		(96,988	)		(100,455	)		(99,497	)		(101,882	)
Noninterest-bearing demand deposits		3,816,389			3,967,626			4,027,797			3,907,060			3,858,670
Money market and interest-bearing checking deposits		5,393,791			5,301,439			5,393,995			5,231,327			5,122,457
Savings deposits		1,251,394			1,205,602			1,174,685			1,110,020			1,082,855
Time deposits		1,656,813			1,581,525			1,530,273			1,470,139			1,410,370
Total deposits		12,118,387			12,056,192			12,126,750			11,718,546			11,474,352
Stockholders' equity		1,782,801			1,728,038			1,672,827			1,621,187			1,584,575
Book value per common share		53.49			51.94			50.32			48.81			47.84
Tangible book value per common share (non-GAAP)(1)		47.71			46.12			44.47			42.92			41.91
Balance Sheet Ratios:
Average loans to deposits		67.32	%		67.11	%		68.08	%		69.63	%		72.27	%
Average earning assets to total assets		93.00			92.97			93.10			93.14			93.02
Average stockholders' equity to average assets		12.38			12.14			12.00			11.87			11.88
Asset Quality Data:
Past due loans	$	7,959		$	7,515		$	5,120		$	7,739		$	4,628
Nonaccrual loans (3)		57,266			49,878			56,371			57,984			45,481
Other real estate owned and repossessed assets		53,233			53,022			35,542			33,665			39,519
Nonaccrual loans to total loans		0.69	%		0.61	%		0.70	%		0.72	%		0.56	%
Allowance to total loans		1.20			1.19			1.24			1.24			1.24
Allowance to nonaccrual loans		173.77			194.45			178.20			171.59			224.01
Net charge-offs to average loans		0.02			0.05			0.01			0.01			0.01

Reconciliation of Tangible Book Value Per Common Share (non-GAAP)(2):

Stockholders' equity	$	1,782,801		$	1,728,038		$	1,672,827		$	1,621,187		$	1,584,575
Less goodwill		182,263			182,263			182,263			182,263			182,263
Less intangible assets, net		10,548			11,410			12,272			13,158			14,045
Tangible stockholders’ equity (non-GAAP)	$	1,589,990		$	1,534,365		$	1,478,292		$	1,425,766		$	1,388,267
Common shares outstanding		33,329,247			33,272,131			33,241,564			33,216,519			33,122,689
Tangible book value per common share (non-GAAP)	$	47.71		$	46.12		$	44.47		$	42.92		$	41.91

(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.
(3) Government Agencies guarantee approximately $10.0 million of nonaccrual loans at September 30, 2025.


BancFirst Corporation
Summary Financial Information
(Dollars in thousands, except per share and share data - Unaudited)

	Nine months ended
	September 30,
	2025			2024
Condensed Income Statements:
Net interest income	$	362,820		$	330,957
Provision for credit losses on loans		6,922			10,404
Provision for off-balance sheet credit exposures		489			—
Noninterest income:
Trust revenue		17,184			16,250
Service charges on deposits		52,676			51,431
Securities transactions		(581	)		(258	)
Sales of loans		2,382			1,945
Insurance commissions		27,284			25,514
Cash management		30,962			26,989
Other		16,901			15,685
Total noninterest income		146,808			137,556

Noninterest expense:
Salaries and employee benefits		167,421			157,671
Occupancy expense, net		18,224			16,215
Depreciation		14,224			13,542
Amortization of intangible assets		2,610			2,659
Data processing services		8,778			8,032
Net expense from other real estate owned		8,377			6,609
Marketing and business promotion		6,912			6,670
Deposit insurance		5,136			4,697
Other		40,768			38,734
Total noninterest expense		272,450			254,829
Income before income taxes		229,767			203,280
Income tax expense		48,654			43,402
Net income	$	181,113		$	159,878
Per Common Share Data:
Net income-basic	$	5.44		$	4.84
Net income-diluted		5.36			4.76
Cash dividends declared		1.41			1.32
Common shares outstanding		33,329,247			33,122,689
Average common shares outstanding -
Basic		33,266,315			33,015,741
Diluted		33,812,270			33,567,117
Performance Ratios:
Return on average assets		1.74	%		1.68	%
Return on average stockholders’ equity		14.26			14.30
Net interest margin		3.75			3.75
Efficiency ratio		53.46			54.39


	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, 2025								September 30, 2025
				Interest		Average						Interest		Average
	Average			Income/		Yield/			Average			Income/		Yield/
	Balance			Expense		Rate			Balance			Expense		Rate
ASSETS
Earning assets:
Loans	$	8,167,950		$	143,698		6.98	%	$	8,094,825		$	420,408		6.94	%
Securities – taxable		1,061,971			6,515		2.43			1,131,722			20,408		2.41
Securities – tax exempt		1,246		11		3.47				1,849		55			3.99
Interest bearing deposits with banks and FFS		3,937,525			44,363		4.47			3,739,945			125,017		4.47
Total earning assets		13,168,692			194,587		5.86			12,968,341			565,888		5.83

Nonearning assets:
Cash and due from banks		205,722								210,268
Interest receivable and other assets		882,858								860,558
Allowance for credit losses		(97,456	)							(98,344	)
Total nonearning assets		991,124								972,482
Total assets	$	14,159,816							$	13,940,823

LIABILITIES AND STOCKHOLDERS’ EQUITY
Interest bearing liabilities:
Money market and interest-bearing checking deposits	$	5,386,505		$	41,263		3.04	%	$	5,337,406		$	122,546	3.07		%
Savings deposits		1,230,646			9,763		3.15			1,185,171			28,037		3.16
Time deposits		1,627,672			16,622		4.05			1,563,089			48,644	4.16
Short-term borrowings		9,304			100		4.28			4,930			158		4.28
Subordinated debt		86,192			1,030		4.74			86,177			3,091		4.80
Total interest bearing liabilities		8,340,319			68,778		3.27			8,176,773			202,476	3.31

Interest free funds:
Noninterest bearing deposits		3,888,147								3,906,936
Interest payable and other liabilities		178,438								159,434
Stockholders’ equity		1,752,912								1,697,680
Total interest free funds		5,819,497								5,764,050
Total liabilities and stockholders’ equity	$	14,159,816							$	13,940,823
Net interest income				$	125,809							$	363,412
Net interest spread							2.59	%							2.52	%
Effect of interest free funds							1.20	%							1.23	%
Net interest margin							3.79	%						3.75		%