BancFirst reports Q1 net income $57.5M, EPS $1.72, up 60% from prior year

BANCFIRST CORP /OK/

2023-Q1 EPS reported $1.72

Net income of $57.5M ($1.72 diluted EPS) vs $35.9M ($1.08) in Q1 2022.
Net interest income $109.2M (up 45% YoY); net interest margin 3.89% vs 2.78%.
Deposits down $364M to $10.6B; sweep accounts up $395M to $4.1B; loans up $175M to $7.1B.
Nonaccrual loans 0.25% of total; allowance 1.33%; net charge-offs minimal.
CEO David Harlow notes recession headwinds but highlights strong liquidity, capital, and credit quality.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BANCFIRST CORP /OK/ reported the quarter ended March 31, 2023 results: net income $57.5 million, EPS $1.72 diluted earnings per share.

Period: the quarter ended March 31, 2023
Net income: $57.5 million
EPS: $1.72 diluted earnings per share
Result: reported results

Exact text from the filing

BancFirst Corporation (NASDAQ GS:BANF) reported net income of $57.5 million, or $1.72 diluted earnings per share, for the first quarter of 2023 compared to net income of $35.9 million, or $1.08 diluted earnings per share, for the first quarter of 2022.

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Source: SEC EDGAR

accession 0000950170-23-014484

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