BancFirst (BANF) investor relations material

Executive summary

• Net income for Q2 2026 was $66.7 million ($1.96 per diluted share), up from $62.3 million ($1.85 per diluted share) in Q2 2025, driven by higher loan volume and earning asset growth.

• Net interest income rose to $133.5 million from $121.3 million, with net interest margin increasing to 3.84% from 3.75%.

• Noninterest income increased to $53.9 million, supported by gains in trust revenue, service charges, securities transactions, and treasury income.

• Noninterest expense grew to $97.5 million, mainly due to higher salaries/benefits and increased OREO expenses.

• Announced acquisition of Spirit BankCorp, Inc. (SpiritBank), expanding presence in Oklahoma and Tulsa, expected to close in Q4 2026 pending regulatory approval.

Financial highlights

• Net interest income for the six months ended June 30, 2026, was $261.1 million, up 10.1% year-over-year.

• Provision for credit losses on loans was $4.8 million for Q2 2026, up from $1.2 million in Q2 2025.

• Net loan charge-offs were $2.4 million for Q2 2026, down from $4.7 million in Q2 2025.

• Total assets reached $15.1 billion, loans $8.7 billion, and deposits $12.8 billion as of June 30, 2026.

• Stockholders' equity rose to $2.0 billion, up $103 million from year-end 2025.

Outlook and guidance

• Management expects continued growth in earning assets and loans, with stable credit quality and a guarded economic outlook.

• No material changes in risk factors or liquidity outlook since the last annual report.

• SpiritBank acquisition expected to close in Q4 2026, pending regulatory approval.