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Intangible Assets and Goodwill (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets

The following is a summary of intangible assets:

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

 

(Dollars in thousands)

 

As of December 31, 2024

 

 

 

 

 

 

 

 

 

Core deposit intangibles

 

$

33,550

 

 

$

(20,454

)

 

$

13,096

 

Customer relationship intangibles

 

 

3,350

 

 

 

(3,288

)

 

 

62

 

Total

 

$

36,900

 

 

$

(23,742

)

 

$

13,158

 

As of December 31, 2023

 

 

 

 

 

 

 

 

 

Core deposit intangibles

 

$

33,550

 

 

$

(17,027

)

 

$

16,523

 

Customer relationship intangibles

 

 

3,350

 

 

 

(3,169

)

 

 

181

 

Total

 

$

36,900

 

 

$

(20,196

)

 

$

16,704

 
Estimated Amortization of Intangible Assets

Estimated amortization of intangible assets for the next five years, as of December 31, 2024, is as follows (dollars in thousands):

 

Estimated Amortization

 

 

 

2025

 

$

3,249

 

2026

 

 

2,645

 

2027

 

 

2,641

 

2028

 

 

1,821

 

2029

 

 

1,437

 
Summary of Goodwill by Business Segment

The following is a summary of goodwill by business segment:

 

 

 

BancFirst Metropolitan Banks

 

 

BancFirst Community Banks

 

 

Pegasus

 

 

Worthington

 

 

Other Financial Services

 

 

Executive, Operations & Support

 

 

Consolidated

 

 

 

(Dollars in thousands)

 

Year Ended December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning and end of period

 

$

13,767

 

 

$

61,420

 

 

$

68,855

 

 

$

32,133

 

 

$

5,464

 

 

$

624

 

 

$

182,263

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

13,767

 

 

$

61,212

 

 

$

68,855

 

 

$

32,133

 

 

$

5,464

 

 

$

624

 

 

$

182,055

 

Acquisitions

 

 

—

 

 

 

208

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

208

 

Balance at end of period

 

$

13,767

 

 

$

61,420

 

 

$

68,855

 

 

$

32,133

 

 

$

5,464

 

 

$

624

 

 

$

182,263