BancFirst Q4 net income falls to $48.9 million; record 2023 EPS of $6.34
BancFirst reported fourth-quarter 2023 net income of $48.9 million, or $1.46 per diluted share, down from $57.1 million, or $1.70, a year earlier, as net interest income and noninterest income declined. For the full year, net income rose to $212.5 million, or $6.34 per diluted share, from $193.1 million, or $5.77. CEO David Harlow said the company expects earnings to be lower in 2024, citing a full year of Durbin Amendment impact, ongoing margin pressure and higher regulatory compliance costs.
Key points
- Q4 2023 net income $48.9 million, $1.46 diluted EPS, versus $57.1 million and $1.70 in Q4 2022
- Full-year 2023 net income $212.5 million, $6.34 diluted EPS, versus $193.1 million and $5.77 in 2022
- Q4 net interest margin 3.67% versus 3.83% a year earlier; noninterest income $45.2 million versus $48.2 million
- CEO said 2024 earnings will be less, citing the Durbin Amendment, deposit competition and the $10 billion asset threshold
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 18, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.