EX-99.1

Exhibit 99.1


	100 N. Broadway Ave
FOR IMMEDIATE RELEASE	Oklahoma City, OK 73102
Thursday, July 17, 2025	www.bancfirst.bank

BANCFIRST CORPORATION REPORTS SECOND QUARTER EARNINGS

BancFirst Corporation (NASDAQ GS:BANF) reported net income of $62.3 million, or $1.85 per diluted share, for the second quarter of 2025 compared to net income of $50.6 million, or $1.51 per diluted share, for the second quarter of 2024.

The Company’s net interest income for the three-months ended June 30, 2025 increased to $121.3 million compared to $109.9 million for the same period in 2024. Higher loan volume along with general growth in earning assets were the primary drivers of the change in net interest income. Net interest margin was virtually unchanged at 3.75% for the second quarter of 2025 and 3.76% for the second quarter of 2024. The Company recorded a provision for credit losses on loans of $1.2 million in the second quarter of 2025 compared to $3.4 million for the same period in 2024.

Noninterest income for the quarter totaled $48.0 million compared to $43.9 million last year. Trust revenue, treasury income, sweep fees insurance commissions, and other noninterest income each increased when compared to second quarter last year. The increase in other noninterest income was driven by changes in cash surrender value of life insurance as well as gains on disposal of other assets. The increases were partially offset by losses on equity securities in the second quarter of 2025.

Noninterest expense grew to $88.2 million for the quarter-ended June 30, 2025 compared to $85.3 million in the same quarter in 2024. The increase in noninterest expenses were primarily due to growth in salaries and employee benefits of $3.2 million, an increase in occupancy expense of $804,000 and an increase in the net expense from other real estate owned of $1.3 million. These overall increases in noninterest expense were partially offset by a decrease in other noninterest expense.

At June 30, 2025, the Company’s total assets were $14.0 billion, an increase of $491.5 million from December 31, 2024. Loans grew $91.3 million from December 31, 2024, totaling $8.1 billion at June 30, 2025. Deposits totaled $12.1 billion, an increase of $337.6 million from year-end 2024. Sweep accounts totaled $5.3 billion at June 30, 2025, up $66.8 million from December 31, 2024. The Company’s total stockholders’ equity was $1.7 billion, an increase of $106.9 million from the end of 2024.

Nonaccrual loans totaled $49.9 million, representing 0.61% of total loans at June 30, 2025, down slightly from 0.72% at year-end 2024. The allowance for credit losses to total loans was 1.19% at June 30, 2025, down from 1.24% at December 31, 2024. Net charge-offs were $4.7 million for the quarter, including $3.7 million relating to one real estate loan that was taken into other real estate, compared to $999,000 for the second quarter last year.

BancFirst Corporation CEO David Harlow commented, “The Company reported a strong quarter, albeit impacted by one-time events that had an approximate $0.05 per diluted share effect. We anticipate closing the recently-announced American Bank of Oklahoma acquisition in the 3rd quarter adding the Collinsville and Skiatook communities to the 59 communities we currently serve across the State of Oklahoma. The Fed continues a wait and see approach to short-term rates and we believe the Company is in a well-balanced position should the Fed decide to lower rates in the back half of the year. While recent economic data and performance has been encouraging, the longer-term outlook continues to be clouded by both the ongoing evolution of global trade policy and continued geopolitical risks. The ultimate impact on our region and customer base remains uncertain in our view, thus we continue to maintain a healthy loan loss reserve as a percentage of loans.”

BancFirst Corporation (the Company) is an Oklahoma based financial services holding company. The Company operates three subsidiary banks, BancFirst, an Oklahoma state-chartered bank with 104 banking locations serving 59 communities across Oklahoma, Pegasus Bank, a Texas state-chartered bank with three banking locations in the Dallas Metroplex area, and Worthington Bank, a Texas state-chartered bank with three locations in the Fort Worth Metroplex area, one location in Arlington Texas and one location in Denton Texas. More information can be found at www.bancfirst.bank.

The Company may make forward-looking statements within the meaning of Section 27A of the securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 with respect to earnings, credit quality, corporate objectives, interest rates and other financial and business matters. Forward-looking statements include estimates and give management’s current expectations or forecasts of future events. The Company cautions readers that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, including economic conditions, the performance of financial markets and interest rates; legislative and regulatory actions and reforms; competition; as well as other factors, all of which change over time. Actual results may differ materially from forward-looking statements.

For additional information call:

Hannah Andrus, Chief Financial Officer at (405) 218-4174 or

David Harlow, Chief Executive Officer at (405) 270-1082.


BancFirst Corporation
Summary Financial Information
(Dollars in thousands, except per share and share data - Unaudited)

	2025			2025			2024				2024				2024
	2nd Qtr			1st Qtr			4th Qtr				3rd Qtr				2nd Qtr
Condensed Income Statements:
Net interest income	$	121,256		$	115,949		$	115,917			$	114,957			$	109,896
Provision for credit losses on loans		1,239			1,461			(1,400	)			3,031				3,358
Provision for off-balance sheet credit exposures		148			125			-		-		-		-		-
Noninterest income:
Trust revenue		5,795			5,539			5,551				5,672				5,490
Service charges on deposits		17,741			16,804			18,133				17,723				17,280
Securities transactions		(740	)		(333	)		355				(308	)			317
Sales of loans		830			636			731				721				733
Insurance commissions		7,920			10,410			7,914				9,391				6,668
Cash management		10,573			10,051			9,221				9,189				9,149
Other		5,929			5,787			5,114				6,324				4,307
Total noninterest income		48,048			48,894			47,019				48,712				43,944

Noninterest expense:
Salaries and employee benefits		55,147			54,593			54,327				54,215				51,928
Occupancy expense, net		6,037			5,753			5,977				5,776				5,233
Depreciation		4,691			4,808			4,593				4,482				4,504
Amortization of intangible assets		862			886			887				886				887
Data processing services		2,985			2,892			2,726				2,720				2,696
Net expense from other real estate owned		2,941			2,658			6,446				2,751				1,656
Marketing and business promotion		2,325			2,461			2,719				2,168				2,246
Deposit insurance		1,675			1,725			1,653				1,645				1,614
Other		11,536			16,403			13,007				12,091				14,552
Total noninterest expense		88,199			92,179			92,335				86,734				85,316
Income before income taxes		79,718			71,078			72,001				73,904				65,166
Income tax expense		17,371			14,966			15,525				15,001				14,525
Net income	$	62,347		$	56,112		$	56,476			$	58,903			$	50,641
Per Common Share Data:
Net income-basic	$	1.87		$	1.69		$	1.71			$	1.78			$	1.53
Net income-diluted		1.85			1.66			1.68				1.75				1.51
Cash dividends declared		0.46			0.46			0.46				0.46				0.43
Common shares outstanding		33,272,131			33,241,564			33,216,519				33,122,689				33,022,124
Average common shares outstanding -
Basic		33,255,015			33,232,788			33,172,530				33,097,164				33,001,180
Diluted		33,795,243			33,768,873			33,750,993				33,646,549				33,525,061
Performance Ratios:
Return on average assets		1.79	%		1.66	%		1.67	%			1.80	%			1.61	%
Return on average stockholders’ equity		14.74			13.85			14.04				15.14				13.72
Net interest margin		3.75			3.70			3.68				3.78				3.76
Efficiency ratio		52.10			55.92			56.67				52.99				55.46


BancFirst Corporation
Summary Financial Information
(Dollars in thousands, except per share and share data - Unaudited)

	2025			2025			2024			2024			2024
	2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr
Balance Sheet Data:

Total assets	$	14,045,780		$	14,038,055		$	13,554,314		$	13,313,482		$	12,737,318
Interest-bearing deposits with banks		3,737,763			3,706,328			3,315,932			2,743,578			2,299,019
Debt securities		1,104,604			1,167,441			1,211,754			1,376,913			1,441,365
Total loans		8,124,497			8,102,810			8,033,183			8,188,202			8,054,856
Allowance for credit losses		(96,988	)		(100,455	)		(99,497	)		(101,882	)		(99,626	)
Noninterest-bearing demand deposits		3,967,626			4,027,797			3,907,060			3,858,670			3,815,818
Money market and interest-bearing checking deposits		5,301,439			5,393,995			5,231,327			5,122,457			4,930,853
Savings deposits		1,205,602			1,174,685			1,110,020			1,082,855			1,084,266
Time deposits		1,581,525			1,530,273			1,470,139			1,410,370			1,184,665
Total deposits		12,056,192			12,126,750			11,718,546			11,474,352			11,015,602
Stockholders' equity		1,728,038			1,672,827			1,621,187			1,584,575			1,512,492
Book value per common share		51.94			50.32			48.81			47.84			45.80
Tangible book value per common share (non-GAAP)(1)		46.12			44.47			42.92			41.91			39.83
Balance Sheet Ratios:
Average loans to deposits		67.11	%		68.08	%		69.63	%		72.27	%		72.25	%
Average earning assets to total assets		92.97			93.10			93.14			93.02			92.77
Average stockholders' equity to average assets		12.14			12.00			11.87			11.88			11.71
Asset Quality Data:
Past due loans	$	7,515		$	5,120		$	7,739		$	4,628		$	4,280
Nonaccrual loans (3)		49,878			56,371			57,984			45,481			44,021
Other real estate owned and repossessed assets		53,022			35,542			33,665			39,519			38,497
Nonaccrual loans to total loans		0.61	%		0.70	%		0.72	%		0.56	%		0.55	%
Allowance to total loans		1.19			1.24			1.24			1.24			1.24
Allowance to nonaccrual loans		194.45			178.20			171.59			224.01			226.32
Net charge-offs to average loans		0.05			0.01			0.01			0.01			0.01

Reconciliation of Tangible Book Value Per Common Share (non-GAAP)(2):

Stockholders' equity	$	1,728,038		$	1,672,827		$	1,621,187		$	1,584,575		$	1,512,492
Less goodwill		182,263			182,263			182,263			182,263			182,263
Less intangible assets, net		11,410			12,272			13,158			14,045			14,931
Tangible stockholders’ equity (non-GAAP)	$	1,534,365		$	1,478,292		$	1,425,766		$	1,388,267		$	1,315,298
Common shares outstanding		33,272,131			33,241,564			33,216,519			33,122,689			33,022,124
Tangible book value per common share (non-GAAP)	$	46.12		$	44.47		$	42.92		$	41.91		$	39.83

(1) Refer to the “Reconciliation of Tangible Book Value per Common Share (non-GAAP)” Table.
(2) Tangible book value per common share is stockholders’ equity less goodwill and intangible assets, net, divided by common shares outstanding. This amount is a non-GAAP financial measure but has been included as it is considered to be a critical metric with which to analyze and evaluate the financial condition and capital strength of the Company. This measure should not be considered a substitute for operating results determined in accordance with GAAP.
(3) Government Agencies guarantee approximately $9.5 million of nonaccrual loans at June 30, 2025.


BancFirst Corporation
Summary Financial Information
(Dollars in thousands, except per share and share data - Unaudited)

	Six months ended
	June 30,
	2025			2024
Condensed Income Statements:
Net interest income	$	237,205		$	216,000
Provision for credit losses on loans		2,700			7,373
Provision for off-balance sheet credit exposures		273			—
Noninterest income:
Trust revenue		11,334			10,578
Service charges on deposits		34,545			33,708
Securities transactions		(1,073	)		50
Sales of loans		1,466			1,224
Insurance commissions		18,330			16,123
Cash management		20,624			17,800
Other		11,716			9,361
Total noninterest income		96,942			88,844

Noninterest expense:
Salaries and employee benefits		109,740			103,456
Occupancy expense, net		11,790			10,439
Depreciation		9,499			9,060
Amortization of intangible assets		1,748			1,773
Data processing services		5,877			5,312
Net expense from other real estate owned		5,599			3,858
Marketing and business promotion		4,786			4,502
Deposit insurance		3,400			3,052
Other		27,939			26,643
Total noninterest expense		180,378			168,095
Income before income taxes		150,796			129,376
Income tax expense		32,337			28,401
Net income	$	118,459		$	100,975
Per Common Share Data:
Net income-basic	$	3.56		$	3.06
Net income-diluted		3.51			3.01
Cash dividends declared		0.92			0.86
Common shares outstanding		33,272,131			33,022,124
Average common shares outstanding -
Basic		33,243,963			32,974,582
Diluted		33,782,069			33,520,247
Performance Ratios:
Return on average assets		1.73	%		1.62	%
Return on average stockholders’ equity		14.31			13.84
Net interest margin		3.72			3.73
Efficiency ratio		53.98			55.14


	BancFirst Corporation
	Consolidated Average Balance Sheets
	And Interest Margin Analysis
	Taxable Equivalent Basis
	(Dollars in thousands - Unaudited)

	Three Months Ended								Six Months Ended
	June 30, 2025								June 30, 2025
				Interest		Average						Interest		Average
	Average			Income/		Yield/			Average			Income/		Yield/
	Balance			Expense		Rate			Balance			Expense		Rate
ASSETS
Earning assets:
Loans	$	8,064,423		$	139,532		6.94	%	$	8,057,657		$	276,710		6.93	%
Securities – taxable		1,139,354			6,887		2.42			1,167,175			13,893		2.40
Securities – tax exempt		2,120		22		4.16				2,156		44			4.15
Interest bearing deposits with banks and FFS		3,784,951			42,186		4.47			3,639,517			80,654		4.47
Total earning assets		12,990,848			188,627		5.82			12,866,505			371,301		5.82

Nonearning assets:
Cash and due from banks		210,323								212,578
Interest receivable and other assets		869,769								849,224
Allowance for credit losses		(97,898	)							(98,795	)
Total nonearning assets		982,194								963,007
Total assets	$	13,973,042							$	13,829,512

LIABILITIES AND STOCKHOLDERS’ EQUITY
Interest bearing liabilities:
Money market and interest-bearing checking deposits	$	5,322,205		$	40,562		3.06	%	$	5,312,449		$	81,283	3.09		%
Savings deposits		1,185,678			9,375		3.17			1,162,057			18,274		3.17
Time deposits		1,565,251			16,152		4.14			1,530,263			32,022	4.22
Short-term borrowings		4,747			51		4.33			2,706			58		4.34
Subordinated debt		86,176			1,031		4.80			86,169			2,061		4.82
Total interest bearing liabilities		8,164,057			67,171		3.30			8,093,644			133,698	3.33

Interest free funds:
Noninterest bearing deposits		3,942,867								3,916,486
Interest payable and other liabilities		169,867								149,775
Stockholders’ equity		1,696,251								1,669,607
Total interest free funds		5,808,985								5,735,868
Total liabilities and stockholders’ equity	$	13,973,042							$	13,829,512
Net interest income				$	121,456							$	237,603
Net interest spread							2.52	%							2.49	%
Effect of interest free funds							1.23	%							1.23	%
Net interest margin							3.75	%						3.72		%