Overview

* BancFirst ( BANF ) Q3 net income and EPS miss analyst expectations

* Net interest income rose to $125.6 mln, driven by higher loan volumes

* Noninterest income increased, led by trust revenue and securities transactions

Outlook

* Company expects a slowing economy in its region

* Company maintains healthy allowance for credit losses

Result Drivers

* HIGHER LOAN VOLUME - Increased loan volume and growth in earning assets drove net interest income higher

* NONINTEREST INCOME GROWTH - Increases in trust revenue and securities transactions boosted noninterest income

* INCREASED EXPENSES - Growth in salaries and employee benefits, along with occupancy and professional fees, raised noninterest expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS Miss $1.85 $1.86 (3

Analysts

)

Q3 Net Miss $62.65 $62.80

Income mln mln (3

Analysts

)

Q3 Net $125.61

Interest mln

Income

Q3 $4.22

Credit mln

Loss

Provisio

n

Q3 Net 3.79%

Interest

Margin

Q3 $78.97

Pretax mln

Profit

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)