BancFirst Q2 net income $50.6M ($1.51 EPS), down from $55.0M YoY; loan growth strong

BANCFIRST CORP /OK/

2024-Q2 EPS reported $3.01

Net income $50.6M ($1.51 diluted EPS) vs $55.0M ($1.64) in Q2 2023; net interest income $109.9M (+4% YoY).
Net interest margin 3.76% vs 3.87% YoY; provision for credit losses $3.4M vs $2.8M.
Noninterest income $43.9M, down $4.1M YoY primarily from $5.7M Durbin Amendment interchange fee reduction.
Loans grew $394.7M since Dec 2023 to $8.1B; deposits up $315.5M to $11.0B; nonaccrual loans 0.55% vs 0.32% year-end.
CEO cites strong loan growth but uncertain credit outlook; allowance for credit losses unchanged from Q1.

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