BancFirst Q1 net income falls to $50.3 million, or $1.50 per share, from $57.5 million
BancFirst reported first-quarter 2024 net income of $50.3 million, or $1.50 per diluted share, down from $57.5 million, or $1.72 per diluted share, a year earlier. Lower net interest income and noninterest income, plus higher noninterest expense and a larger loan loss provision, drove the decline, while total assets and deposits grew from year-end 2023.
Key points
- Net interest income fell to $106.1 million from $109.2 million, and net interest margin was 3.70% versus 3.89%.
- Noninterest income totaled $44.9 million versus $47.8 million, mainly due to an approximate $5.3 million reduction in interchange fees tied to the Durbin Amendment.
- Provision for credit losses was $4.0 million, compared with $2.3 million in the first quarter of 2023.
- Nonaccrual loans were $42.0 million, or 0.54% of total loans at March 31, 2024, up from 0.32% at year-end 2023.
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 April 18, 2024.
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