EX-99.1

Please wait


	100 N. Broadway Ave
FOR IMMEDIATE RELEASE	Oklahoma City, OK 73102
Thursday, January 22, 2026	www.bancfirst.bank

BANCFIRST CORPORATION REPORTS FOURTH QUARTER EARNINGS

BancFirst Corporation (NASDAQ GS:BANF) reported net income of $59.5 million, or $1.75 per diluted share, for the fourth quarter of 2025 compared to net income of $56.5 million, or $1.68 per diluted share, for the fourth quarter of 2024.

The Company’s net interest income for the three-months ended December 31, 2025 increased to $127.7 million in comparison to $115.9 million for the same period in 2024. Higher loan volume and growth in other earning assets were the primary drivers of the change in net interest income. A contributor to the increase in net interest income was also the Company’s November 2025 acquisition of American Bank of Oklahoma. Net interest margin improved slightly to 3.71% for the fourth quarter of 2025 from 3.68% for the fourth quarter of 2024. The Company recorded a reversal of provision for credit losses on loans of $2.0 million in the three months ending December 31, 2025 compared to a reversal of $1.4 million for the same period in 2024.

Noninterest income for the quarter totaled $53.3 million compared to $47.0 million last year. The increase in noninterest income was primarily due to a gain on the sale of Visa B-1 stock of $4.5 million. In addition, trust revenue, treasury income, sweep fees and securities transactions each increased when compared to fourth quarter last year.

Noninterest expense grew to $107.4 million for the quarter-ended December 31, 2025 compared to $92.3 million in the same quarter in 2024. The increase in noninterest expense was primarily driven by an increase in net expense from other real estate owned of $5.6 million which largely consisted of an increase in write-downs of other real estate of $4.1 million and other real estate expense of $1.4 million. Also contributing to noninterest expense was growth in salaries and employee benefits of $4.2 million, occupancy expense of $1 million and other noninterest expense of $3.2 million. American Bank of Oklahoma contributed $1.6 million of noninterest expense for the quarter.

At December 31, 2025, the Company’s total assets were $14.8 billion, an increase of $1.3 billion from December 31, 2024. Loans grew $511.4 million from December 31, 2024, totaling $8.5 billion at December 31, 2025. Deposits totaled $12.7 billion, an increase of $951.8 million from year-end 2024. Off-balance sheet sweep accounts totaled $4.9 billion at December 31, 2025, down $262.6 million from December 31, 2024. The Company’s total stockholders’ equity totaled $1.9 billion at December 31, 2025.

Asset quality was strong through the quarter. Nonaccrual loans of $61.1 million represented 0.72% of total loans at December 31, 2025, relatively unchanged from $58.0 million or 0.72% of total loans at year-end 2024. The allowance for credit losses to total loans was 1.22% at December 31, 2025, down slightly from 1.24% at December 31, 2024. Net charge-offs were $1.6 million for the quarter, compared to $985,000 for the fourth quarter last year.

On November 17, 2025, the Company acquired American Bank of Oklahoma ("ABOK"), for aggregate consideration totaling $33 million. ABOK is a community bank headquartered in Collinsville, Oklahoma with six banking locations in Oklahoma. Upon acquisition, ABOK had approximately $413 million in total assets, $244 million in loans and $341 million in deposits. ABOK will continue to operate under its present name until it is merged into BancFirst, which is expected to be in the first quarter of 2026.

BancFirst Corporation CEO David Harlow commented, “The Company reported record net income and record earnings per share for the fifth consecutive year. Loan growth, a stable net interest margin and solid growth in most all non-interest income categories contributed positively to the year’s results. We closed on our previously announced acquisition of American Bank of Oklahoma in the quarter adding the Tulsa MSA

communities of Collinsville and Skiatook to the 58 communities across the state that BancFirst serves. Our DFW banks Pegasus and Worthington continue to perform well with growth rates exceeding those of the company as a whole. Asset quality remains solid and charge-offs were in line at historical levels. Our outlook on the economy remains mixed and thus we continue to maintain 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 four subsidiary banks, BancFirst, an Oklahoma state-chartered bank with 105 banking locations serving 58 communities across Oklahoma, Pegasus Bank, a Texas state-chartered bank with three banking locations in the Dallas Metroplex area, Worthington Bank, a Texas state-chartered bank with threelocations in the Fort Worth Metroplex area, one location in Arlington Texas and one location in Denton Texas and American Bank of Oklahoma with six banking locations in Oklahoma. 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			2025			2024
	4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr
Condensed Income Statements:
Net interest income	$	127,667		$	125,615		$	121,256		$	115,949		$	115,917
Provision for credit losses on loans		(1,975	)		4,222			1,239			1,461			(1,400	)
Provision for off-balance sheet credit exposures		234			216			148			125			-
Noninterest income:
Trust revenue		5,933			5,850			5,795			5,539			5,551
Service charges on deposits		18,393			18,131			17,741			16,804			18,133
Securities transactions		964			492			(740	)		(333	)		355
Sales of loans		781			916			830			636			731
Insurance commissions		7,643			8,954			7,920			10,410			7,914
Cash management		10,120			10,338			10,573			10,051			9,221
Other		9,499			5,185			5,929			5,787			5,114
Total noninterest income		53,333			49,866			48,048			48,894			47,019

Noninterest expense:
Salaries and employee benefits		58,570			57,681			55,147			54,593			54,327
Occupancy expense, net		6,946			6,434			6,037			5,753			5,977
Depreciation		4,872			4,725			4,691			4,808			4,593
Amortization of intangible assets		836			862			862			886			887
Data processing services		3,041			2,901			2,985			2,892			2,726
Net expense from other real estate owned		12,044			2,778			2,941			2,658			6,446
Marketing and business promotion		3,121			2,126			2,325			2,461			2,719
Deposit insurance		1,692			1,736			1,675			1,725			1,653
Other		16,268			12,829			11,536			16,403			13,007
Total noninterest expense		107,390			92,072			88,199			92,179			92,335
Income before income taxes		75,351			78,971			79,718			71,078			72,001
Income tax expense		15,854			16,317			17,371			14,966			15,525
Net income	$	59,497		$	62,654		$	62,347		$	56,112		$	56,476
Per Common Share Data:
Net income-basic	$	1.78		$	1.88		$	1.87		$	1.69		$	1.71
Net income-diluted		1.75			1.85			1.85			1.66			1.68
Cash dividends declared		0.49			0.49			0.46			0.46			0.46
Common shares outstanding		33,539,032			33,329,247			33,272,131			33,241,564			33,216,519
Average common shares outstanding -
Basic		33,423,922			33,310,290			33,255,015			33,232,788			33,172,530
Diluted		33,906,434			33,864,129			33,795,243			33,768,873			33,750,993
Performance Ratios:
Return on average assets		1.60	%		1.76	%		1.79	%		1.66	%		1.67	%
Return on average stockholders’ equity		13.02			14.18			14.74			13.85			14.04
Net interest margin		3.71			3.79			3.75			3.70			3.68
Efficiency ratio		59.33			52.47			52.10			55.92			56.67


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

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

Total assets	$	14,838,893		$	14,198,140		$	14,045,780		$	14,038,055		$	13,554,314
Interest-bearing deposits with banks		4,177,406			3,849,736			3,737,763			3,706,328			3,315,932
Debt securities		924,948			1,015,941			1,104,604			1,167,441			1,211,754
Total loans		8,544,634			8,287,167			8,124,497			8,102,810			8,033,183
Allowance for credit losses		(104,299	)		(99,511	)		(96,988	)		(100,455	)		(99,497	)
Noninterest-bearing demand deposits		3,897,613			3,816,389			3,967,626			4,027,797			3,907,060
Money market and interest-bearing checking deposits		5,610,882			5,393,791			5,301,439			5,393,995			5,231,327
Savings deposits		1,318,062			1,251,394			1,205,602			1,174,685			1,110,020
Time deposits		1,843,836			1,656,813			1,581,525			1,530,273			1,470,139
Total deposits		12,670,393			12,118,387			12,056,192			12,126,750			11,718,546
Stockholders' equity		1,854,125			1,782,801			1,728,038			1,672,827			1,621,187
Book value per common share		55.28			53.49			51.94			50.32			48.81
Tangible book value per common share (non-GAAP)(1)		49.20			47.71			46.12			44.47			42.92
Balance Sheet Ratios:
Average loans to deposits		66.43	%		67.32	%		67.11	%		68.08	%		69.63	%
Average earning assets to total assets		93.00			93.00			92.97			93.10			93.14
Average stockholders' equity to average assets		12.33			12.38			12.14			12.00			11.87
Asset Quality Data:
Past due loans	$	7,506		$	7,959		$	7,515		$	5,120		$	7,739
Nonaccrual loans (3)		61,130			57,266			49,878			56,371			57,984
Other real estate owned and repossessed assets		49,116			53,233			53,022			35,542			33,665
Nonaccrual loans to total loans		0.72	%		0.69	%		0.61	%		0.70	%		0.72	%
Allowance to total loans		1.22			1.20			1.19			1.24			1.24
Allowance to nonaccrual loans		170.62			173.77			194.45			178.20			171.59
Net charge-offs to average loans		0.02			0.02			0.05			0.01			0.01

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

Stockholders' equity	$	1,854,125		$	1,782,801		$	1,728,038		$	1,672,827		$	1,621,187
Less goodwill		182,739			182,263			182,263			182,263			182,263
Less intangible assets, net		21,357			10,548			11,410			12,272			13,158
Tangible stockholders’ equity (non-GAAP)	$	1,650,029		$	1,589,990		$	1,534,365		$	1,478,292		$	1,425,766
Common shares outstanding		33,539,032			33,329,247			33,272,131			33,241,564			33,216,519
Tangible book value per common share (non-GAAP)	$	49.20		$	47.71		$	46.12		$	44.47		$	42.92

(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 $10.6 million of nonaccrual loans at December 31, 2025.


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

	Twelve months ended
	December 31,
	2025			2024
Condensed Income Statements:
Net interest income	$	490,487		$	446,874
Provision for credit losses on loans		4,947			9,004
Provision for off-balance sheet credit exposures		723			-
Noninterest income:
Trust revenue		23,117			21,801
Service charges on deposits		71,069			69,564
Securities transactions		383			97
Sales of loans		3,163			2,676
Insurance commissions		34,927			33,428
Cash management		41,082			36,210
Other		26,400			20,799
Total noninterest income		200,141			184,575

Noninterest expense:
Salaries and employee benefits		225,991			211,998
Occupancy expense, net		25,170			22,192
Depreciation		19,096			18,135
Amortization of intangible assets		3,446			3,546
Data processing services		11,819			10,758
Net expense from other real estate owned		20,421			13,055
Marketing and business promotion		10,033			9,389
Deposit insurance		6,828			6,350
Other		57,036			51,741
Total noninterest expense		379,840			347,164
Income before income taxes		305,118			275,281
Income tax expense		64,508			58,927
Net income	$	240,610		$	216,354
Per Common Share Data:
Net income-basic	$	7.22		$	6.55
Net income-diluted		7.11			6.44
Cash dividends declared		1.90			1.78
Common shares outstanding		33,539,032			33,216,519
Average common shares outstanding -
Basic		33,306,040			33,055,152
Diluted		33,837,333			33,617,015
Performance Ratios:
Return on average assets		1.70	%		1.68	%
Return on average stockholders’ equity		13.93			14.23
Net interest margin		3.74			3.73
Efficiency ratio		55.00			54.98


	BancFirst Corporation
	Consolidated Average Balance Sheets
	And Interest Margin Analysis
	Taxable Equivalent Basis
	(Dollars in thousands - Unaudited)

	Three Months Ended								Twelve Months Ended
	December 31, 2025								December 31, 2025
				Interest		Average						Interest		Average
	Average			Income/		Yield/			Average			Income/		Yield/
	Balance			Expense		Rate			Balance			Expense		Rate
ASSETS
Earning assets:
Loans	$	8,361,327		$	145,747		6.92	%	$	8,161,998		$	566,155		6.94	%
Securities – taxable		990,344			6,269		2.51			1,096,087			26,676		2.43
Securities – tax exempt		4,523		48		4.17				2,523		103			4.07
Interest bearing deposits with banks and FFS		4,324,507			43,050		3.95			3,887,286			168,067		4.32
Total earning assets		13,680,701			195,114		5.66			13,147,894			761,001		5.79

Nonearning assets:
Cash and due from banks		219,243								212,530
Interest receivable and other assets		913,585								873,924
Allowance for credit losses		(102,881	)							(99,488	)
Total nonearning assets		1,029,947								986,966
Total assets	$	14,710,648							$	14,134,860

LIABILITIES AND STOCKHOLDERS’ EQUITY
Interest bearing liabilities:
Money market and interest-bearing checking deposits	$	5,529,879		$	39,587		2.84	%	$	5,385,919		$	162,133	3.01		%
Savings deposits		1,283,474			9,156		2.83			1,209,949			37,193		3.07
Time deposits		1,745,324			17,342		3.94			1,609,022			65,986		4.10
Short-term borrowings		13,327			131		3.91			7,046			289		4.10
Long-term borrowings		9,750			44		1.79			2,458			44		1.79
Subordinated debt		86,206			1,031		4.74			86,184			4,122		4.78
Total interest bearing liabilities		8,667,960			67,291		3.08			8,300,578			269,767	3.25

Interest free funds:
Noninterest bearing deposits		4,027,236								3,937,258
Interest payable and other liabilities		202,158								170,203
Stockholders’ equity		1,813,294								1,726,821
Total interest free funds		6,042,688								5,834,282
Total liabilities and stockholders’ equity	$	14,710,648							$	14,134,860
Net interest income				$	127,823							$	491,234
Net interest spread							2.58	%							2.54	%
Effect of interest free funds							1.13	%							1.20	%
Net interest margin							3.71	%						3.74		%