BancFirst Q2 net income $55M ($1.64 EPS) vs $44.7M ($1.34) YoY; NIM 3.87%

BANCFIRST CORP /OK/

2023-Q2 EPS reported $3.36

Net income $55.0M, $1.64 diluted EPS, up from $44.7M ($1.34) in Q2 2022.
Net interest margin improved to 3.87% from 3.05% a year ago; net interest income $105.9M vs $86.9M.
Provision for credit losses $2.8M vs $501K; noninterest income $48.0M, up from $42.6M on sweep fee growth.
Total assets $12.0B; loans grew $357.7M to $7.3B; deposits down $499M to $10.5B as sweep accounts rose $567.7M.
Credit quality strong: nonaccrual loans 0.25% of total loans, allowance 1.33%, net charge-offs 0.01%.

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 June 30, 2023 results: revenue $105.9 million, net income $55.0 million, EPS $1.64 diluted earnings per share.

Period: the quarter ended June 30, 2023
Revenue: $105.9 million
Net income: $55.0 million
EPS: $1.64 diluted earnings per share
Result: reported results

Exact text from the filing

or $3.36 per share, compared to $80.6 million, or $2.42 per share, for the first half of 2022. The Company’s net interest income for the second quarter of 2023 increased to $105.9 million compared to $86.9 million for the quarter ended June 30, 2022. Rising short-term interest rates and modest loan growth drove the increase. The net interest margin for the quarter

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Source: SEC EDGAR

accession 0000950170-23-033692

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