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Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information (11) SEGMENT INFORMATION

The Company, along with its chief operating decision maker (CODM), which is BancFirst Corporation's Chief Executive Officer, evaluates its performance with an internal profitability measurement system that measures the profitability of its business units on a pre-tax basis. The financial information for each business unit is presented on the basis used internally by management and the CODM to evaluate performance and allocate resources. The Company utilizes a transfer pricing system to allocate the benefit or cost of funds provided or used by the various business units. Certain services provided by the support group to other business units, such as item processing, are allocated at rates approximating the cost of providing the services. Eliminations are adjustments to consolidate the business units. Capital expenditures are generally charged to the business unit using the asset.

The six principal business units are BancFirst metropolitan banks, BancFirst community banks, Pegasus, Worthington, other financial services and executive, operations and support. BancFirst metropolitan banks, BancFirst community banks, Pegasus and Worthington offer traditional banking products such as commercial and retail lending and a full line of deposit accounts. BancFirst metropolitan banks consist of banking locations in the metropolitan Oklahoma City and Tulsa areas. BancFirst community banks consist of banking locations in communities in Oklahoma outside the Oklahoma City and Tulsa metropolitan areas. Pegasus consists of banking locations in the Dallas metropolitan area. Worthington consists of banking locations in the Arlington, Fort Worth and Denton Texas. Other financial services are specialty product business units including guaranteed small business lending, residential mortgage lending, trust services, securities brokerage, electronic banking and insurance. The executive, operations and support groups represent executive management, operational support and corporate functions that are not allocated to the other business units.

The results of operations and selected financial information for the six business units are as follows:

 

 

BancFirst Metropolitan
Banks

 

 

BancFirst Community
Banks

 

 

Pegasus

 

 

Worthington

 

 

Other
Financial
Services

 

 

Executive,
Operations
& Support

 

 

Eliminations

 

 

Consolidated

 

 

 

(Dollars in thousands)

 

Three Months Ended March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

49,386

 

 

$

105,612

 

 

$

19,709

 

 

$

8,593

 

 

$

2,376

 

 

$

(2,041

)

 

$

(1,159

)

 

$

182,476

 

Interest expense

 

 

20,529

 

 

 

39,465

 

 

 

7,185

 

 

 

3,197

 

 

 

979

 

 

 

(3,641

)

 

 

(1,187

)

 

 

66,527

 

Total provision for/(benefit
   from) credit losses

 

 

(51

)

 

 

1,187

 

 

 

105

 

 

 

132

 

 

 

18

 

 

 

195

 

 

 

—

 

 

 

1,586

 

Noninterest income

 

 

6,227

 

 

 

17,746

 

 

 

559

 

 

 

229

 

 

 

16,662

 

 

 

62,203

 

 

 

(54,732

)

 

 

48,894

 

Depreciation and
   amortization

 

 

480

 

 

 

2,653

 

 

 

148

 

 

 

168

 

 

 

143

 

 

 

2,102

 

 

 

—

 

 

 

5,694

 

Other noninterest expense

 

 

11,562

 

 

 

34,726

 

 

 

5,642

 

 

 

3,762

 

 

 

14,617

 

 

 

16,317

 

 

 

(141

)

 

 

86,485

 

Income before taxes

 

$

23,093

 

 

$

45,327

 

 

$

7,188

 

 

$

1,563

 

 

$

3,281

 

 

$

45,189

 

 

$

(54,563

)

 

$

71,078

 

Loans held for investment

 

$

2,423,864

 

 

$

4,129,905

 

 

$

888,551

 

 

$

462,816

 

 

$

96,689

 

 

$

92,702

 

 

$

—

 

 

$

8,094,527

 

Total assets

 

$

3,559,494

 

 

$

8,049,771

 

 

$

1,518,402

 

 

$

668,920

 

 

$

102,351

 

 

$

1,869,371

 

 

$

(1,730,254

)

 

$

14,038,055

 

Total deposits

 

$

2,973,626

 

 

$

7,414,687

 

 

$

1,296,438

 

 

$

581,139

 

 

$

—

 

 

$

—

 

 

$

(139,140

)

 

$

12,126,750

 

Capital expenditures

 

$

940

 

 

$

2,451

 

 

$

194

 

 

$

36

 

 

$

272

 

 

$

7,417

 

 

$

—

 

 

$

11,310

 

Three Months Ended March 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

50,976

 

 

$

98,878

 

 

$

18,864

 

 

$

7,510

 

 

$

2,304

 

 

$

(5,557

)

 

$

(1,332

)

 

$

171,643

 

Interest expense

 

 

22,783

 

 

 

38,867

 

 

 

7,997

 

 

 

3,121

 

 

 

1,285

 

 

 

(7,182

)

 

 

(1,332

)

 

 

65,539

 

Total provision for/(benefit
   from) credit losses

 

 

(244

)

 

 

1,323

 

 

 

2,730

 

 

 

122

 

 

 

43

 

 

 

41

 

 

 

—

 

 

 

4,015

 

Noninterest income

 

 

5,169

 

 

 

15,918

 

 

 

320

 

 

 

221

 

 

 

15,163

 

 

 

58,428

 

 

 

(50,319

)

 

 

44,900

 

Depreciation and
   amortization

 

 

547

 

 

 

2,464

 

 

 

181

 

 

 

161

 

 

 

120

 

 

 

1,969

 

 

 

—

 

 

 

5,442

 

Other noninterest expense

 

 

10,728

 

 

 

33,350

 

 

 

5,131

 

 

 

3,658

 

 

 

9,684

 

 

 

14,972

 

 

 

(186

)

 

 

77,337

 

Income before taxes

 

$

22,331

 

 

$

38,792

 

 

$

3,145

 

 

$

669

 

 

$

6,335

 

 

$

43,071

 

 

$

(50,133

)

 

$

64,210

 

Loans held for investment

 

$

2,413,397

 

 

$

3,951,360

 

 

$

812,261

 

 

$

427,922

 

 

$

102,115

 

 

$

97,805

 

 

$

(23,000

)

 

$

7,781,860

 

Total assets

 

$

3,283,434

 

 

$

7,452,457

 

 

$

1,322,543

 

 

$

618,111

 

 

$

111,953

 

 

$

1,404,833

 

 

$

(1,590,906

)

 

$

12,602,425

 

Total deposits

 

$

2,538,277

 

 

$

6,842,481

 

 

$

1,122,732

 

 

$

512,205

 

 

$

—

 

 

$

—

 

 

$

(106,074

)

 

$

10,909,621

 

Capital expenditures

 

$

680

 

 

$

2,722

 

 

$

26

 

 

$

4,526

 

 

$

35

 

 

$

2,262

 

 

$

—

 

 

$

10,251