secwatch.observer — SEC 8-K summary
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Issuer:     BANCFIRST CORP /OK/ (BANF)
CIK:        0000760498
Form:       8-K
Filed at:   2022-04-21T23:59:59+00:00
Accession:  0000950170-22-005924
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BancFirst Q1 net income $35.9M ($1.08 EPS) vs $42.5M ($1.27) prior year; Worthington acquisition closed
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- Net income $35.9M, diluted EPS $1.08, down from $42.5M ($1.27) in Q1 2021.
- Net interest margin fell to 2.78% from 3.36% due to $8.1M decline in PPP fee income.
- Provision for credit losses $2.9M vs zero; noninterest expense rose $7.5M to $72.5M.
- Acquired Worthington National Bank (assets $488M, loans $261M, deposits $430M) on Feb 8, 2022.
- Total assets $12.6B, up $3.2B; loans $6.5B, up $313.8M; nonaccrual loans improved to 0.27%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/760498/000095017022005924/0000950170-22-005924-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/760498/000095017022005924/banf-20220421.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-005924

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