• BancFirst Corporation reported fourth-quarter 2025 net income of US$59.5 million, up from US$56.48 million a year earlier, with both basic and diluted earnings per share from continuing operations also higher year-on-year.
• This capped a fifth consecutive year of record net income and earnings per share, supported by the acquisition of American Bank of Oklahoma and very low net charge-offs of US$1.6 million, equal to just 0.02% of loans.
• We’ll examine how this fifth straight year of record earnings and the American Bank of Oklahoma acquisition shape BancFirst’s investment narrative.

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What Is BancFirst's Investment Narrative?

To own BancFirst, you have to be comfortable backing a steady, regional bank story built around consistent profitability, disciplined credit and measured expansion in its home markets. The latest quarter fits that picture: net income edged higher again and net charge-offs were just US$1.6 million, about 0.02% of loans, which keeps asset quality firmly in focus after the one larger real estate charge-off earlier in 2025. That supports the existing short term catalysts of stable earnings, regular dividend growth and integration of the American Bank of Oklahoma acquisition, rather than changing them in a big way. The stock’s recent 1-year total return decline, despite trading below several fair value estimates, suggests the market is still weighing slower forecast growth and relatively low return on equity against this solid operating profile.

However, credit quality remaining this clean is something investors should not take for granted. Despite retreating, BancFirst's shares might still be trading 42% above their fair value. Discover the potential downside here.

Exploring Other Perspectives

With one Simply Wall St Community fair value at US$122.67, opinions are just a starting point; you still need to weigh record earnings and low charge-offs against slower expected growth and modest returns.

Explore another fair value estimate on BancFirst - why the stock might be worth as much as 13% more than the current price!

Build Your Own BancFirst Narrative

Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your BancFirst research is our analysis highlighting 3 key rewards that could impact your investment decision.
• Our free BancFirst research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate BancFirst's overall financial health at a glance.

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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.