BancFirst Q4 EPS $1.46 vs $1.70 YoY; CEO warns 2024 earnings will be lower

BANCFIRST CORP /OK/

2023-FY EPS reported $6.34

Q4 net income $48.9M ($1.46 diluted EPS) vs $57.1M ($1.70) a year ago.
Full year 2023 net income $212.5M ($6.34 EPS) vs $193.1M ($5.77) for 2022, a record.
Net interest margin fell to 3.67% from 3.83%; no provision for credit losses in Q4 vs $3.8M last year.
Noninterest income down $3M to $45.2M due to Durbin amendment; interchange fees fell $5.3M.
CEO expects lower 2024 earnings due to full-year Durbin impact, margin pressure, and increased regulatory costs from crossing $10B asset threshold.

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 year ended December 31, 2023 results: net income Net income for the year ended December 31, 2023 was $212.5 million, EPS $6.34 diluted earnings per share.

Period: year ended December 31, 2023
Net income: Net income for the year ended December 31, 2023 was $212.5 million
EPS: $6.34 diluted earnings per share
Result: reported results

Exact text from the filing

Net income for the year ended December 31, 2023 was $212.5 million, or $6.34 diluted earnings per share, compared to $193.1 million, or $5.77 diluted earnings per share, for the year ended December 31, 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BANCFIRST CORP /OK/ reported fourth quarter of 2023 results: net income net income of $48.9 million, EPS $1.46 diluted earnings per share.

Period: fourth quarter of 2023
Net income: net income of $48.9 million
EPS: $1.46 diluted earnings per share
Result: reported results

Exact text from the filing

BancFirst Corporation (NASDAQ GS:BANF) reported net income of $48.9 million, or $1.46 diluted earnings per share, for the fourth quarter of 2023 compared to net income of $57.1 million, or $1.70 diluted earnings per share, for the fourth quarter of 2022.

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Source: SEC EDGAR

accession 0000950170-24-005423

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