BancFirst (BANF) has rounded out FY 2025 with Q4 revenue of US$182.7 million and basic EPS of US$1.78, while trailing twelve month revenue came in at US$685.0 million with EPS of US$7.22. The bank has seen revenue move from US$622.4 million and EPS of US$6.55 on a trailing basis a year earlier to the latest US$685.0 million and US$7.22 respectively, giving investors a clear sense of how the top line and EPS have tracked over the past year. With trailing net income of US$240.6 million and a 35.1% net margin, the latest results put profitability at the center of the story for anyone watching FY 2025.

See our full analysis for BancFirst.

With the headline numbers on the table, the next step is to see how this earnings profile lines up against the widely followed narratives around BancFirst’s growth, profitability and risk.

3.79% net interest margin supports profitability story

• Across FY 2025, reported net interest margin sat around 3.7% to 3.79%, with Q3 at 3.79% and Q2 at 3.75%, alongside a trailing twelve month net profit margin of 35.1%.
• What stands out for a more bullish view is how these margins line up with earnings growth, as trailing twelve month EPS of US$7.22 and earnings growth of 11.3% over the last year sit close to the 12% five year earnings growth rate. This supports the idea of a consistently profitable bank, even though near term earnings growth forecasts of about 0.2% per year are much lower than the broader market’s 16.2%.
  • Supporters of the bullish angle can point to US$240.6 million of trailing twelve month net income and a 35.1% net margin as evidence that profitability is currently strong in absolute terms.
  • On the other hand, the step down from 12% five year earnings growth to 11.3% over the last year serves as a reminder that past expansion does not automatically match the slower earnings growth forecasts in the data.

To see how this earnings profile fits into the bigger long term story and valuation work, it is worth reading the full narrative that ties these margins, growth rates, and risks together. 📊 Read the full BancFirst Consensus Narrative.

Loan book around US$8.3b with contained non performing balances

• Total loans in the quarterly snapshots sit around US$8.1b to US$8.3b, with US$8,278.2 million reported for Q3 2025, while non performing loans in the trailing data range between US$50.1 million and US$65.7 million.
• Bears sometimes focus on regional bank credit quality, but here the data shows non performing loans staying within a relatively tight band over the last several quarters. Q3 2025 reported US$65.2 million of non performing loans against a loan book of roughly US$8.3b, and trailing twelve month snapshots show similar ranges, which gives you a concrete sense of asset quality rather than leaving it as a vague concern.
  • Critics who worry broadly about regional bank credit risk can compare US$65.2 million of non performing loans to total loans of US$8,278.2 million in Q3 2025 to see the scale in context.
  • The trailing twelve month data also shows non performing loans moving between US$50.1 million and US$65.7 million, so anyone building a cautious thesis has to weigh that relatively stable range against their broader concerns about credit cycles.

Mixed signals between 15x P/E and DCF fair value of US$194.07

• The trailing P/E of 15x sits above both the peer average of 14.4x and the US banks industry average of 12.1x, while a DCF fair value in the dataset of US$194.07 compares to the current share price of US$108.47, which is about 44% below that DCF figure.
• This combination creates a clear tension for a bearish style narrative that leans on valuation multiples. While the P/E ratio is richer than peers and the industry, the DCF fair value in the data is materially higher than the current price, so anyone arguing solely from the higher P/E multiple has to reconcile that with the large gap between US$108.47 and the DCF fair value of US$194.07.
  • Skeptics who focus on the 15x P/E versus the 12.1x industry level can point to the slower revenue growth forecast of 3.5% and modest expected earnings growth of 0.2% per year to argue that the premium multiple is not trivial.
  • At the same time, the trailing twelve month net margin of 35.1% and five year earnings growth of 12% per year provide hard numbers that help explain why a cash flow based model could support a higher DCF fair value than what the multiples alone might imply.

Next Steps

Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on BancFirst's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move.

See What Else Is Out There

BancFirst’s richer 15x P/E against peers, paired with modest 3.5% revenue and 0.2% earnings growth forecasts, highlights a valuation premium without rapid growth expectations.

If that trade off makes you cautious about paying up for slower growth, you can quickly compare alternatives using our these 864 undervalued stocks based on cash flows to focus on companies priced more tightly against their fundamentals right now.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.