Overview

* BancFirst ( BANF ) Q2 net income rises to $62.3 mln, beating analyst expectations, per LSEG data

* EPS for Q2 beats consensus, per LSEG data

* Co's expects acquisition of American Bank of Oklahoma to close in Q3

Outlook

* BancFirst ( BANF ) sees potential impact from Fed's interest rate decisions

* Company maintains healthy loan loss reserve amid geopolitical risks

Result Drivers

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

* NONINTEREST INCOME GROWTH - Rise in trust revenue, treasury income, sweep fees, and insurance commissions contributed to noninterest income growth

* EXPENSE INCREASE - Growth in salaries, employee benefits, and occupancy expenses led to higher noninterest expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS Beat $1.85 $1.65 (3

Analysts

)

Q2 Net Beat $62.35 $56.10

Income mln mln (2

Analysts

)

Q2 Net $121.26

Interest mln

Income

Q2 $1.24

Credit mln

Loss

Provisio

n

Q2 Net 3.8%

Interest

Margin

Q2 $79.72

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy."

* Wall Street's median 12-month price target for BancFirst Corp ( BANF ) is $120.00, about 6.5% below its July 16 closing price of $127.81

* The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

(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.)