earnings
confidence high
sentiment neutral
materiality 0.60
BancFirst Q2 EPS $1.34, net income $44.7M down from $48.2M; NII rises to $86.9M
BANCFIRST CORP /OK/
2022-Q2 EPS reported
$2.42
- Q2 2022 EPS $1.34 vs $1.45 YoY; net income $44.7M vs $48.2M.
- Net interest income rose to $86.9M from $82.4M; core NIM expansion driven by 150 bps fed rate hikes.
- Provision for credit losses $501K vs $9.9M benefit a year ago; nonaccrual loans improved to 0.21% of loans.
- Total assets $12.5B (+33% from Dec 2021) driven by deposit inflows and Worthington acquisition; loans $6.6B.
- CEO expects continued margin expansion; company well-positioned with strong capital base.