BancFirst
Market Cap
US$1.1b
Last Updated
2020/04/07 23:37 UTC
Data Sources
Company Financials +
Executive Summary
BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -11.7% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet established dividend payer.
Similar Companies
Share Price & News
How has BancFirst's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BANF's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
2.6%
BANF
0.7%
US Banks
2.4%
US Market
1 Year Return
-36.2%
BANF
-28.9%
US Banks
-10.0%
US Market
Return vs Industry: BANF underperformed the US Banks industry which returned -32.9% over the past year.
Return vs Market: BANF underperformed the US Market which returned -13.3% over the past year.
Shareholder returns
| BANF | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.6% | 0.7% | 2.4% |
| 30 Day | -27.3% | -18.9% | -11.0% |
| 90 Day | -44.8% | -39.2% | -19.4% |
| 1 Year | -34.5%-36.2% | -26.8%-28.9% | -8.1%-10.0% |
| 3 Year | -18.7%-23.6% | -17.2%-23.3% | 17.3%9.6% |
| 5 Year | 26.2%13.6% | 8.1%-4.4% | 36.1%21.1% |
Price Volatility Vs. Market
How volatile is BancFirst's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Is It Smart To Buy BancFirst Corporation (NASDAQ:BANF) Before It Goes Ex-Dividend?3 weeks ago | Simply Wall St
Ronald Norick of BancFirst Corporation (NASDAQ:BANF) Just Spent US$382k On Shares3 weeks ago | Simply Wall St
Is There Now An Opportunity In BancFirst Corporation (NASDAQ:BANF)?Valuation
Is BancFirst undervalued compared to its fair value and its price relative to the market?
48.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BANF ($34.17) is trading below our estimate of fair value ($66.9)
Significantly Below Fair Value: BANF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BANF is good value based on its PE Ratio (8.3x) compared to the Banks industry average (8.6x).
PE vs Market: BANF is good value based on its PE Ratio (8.3x) compared to the US market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: BANF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BANF is overvalued based on its PB Ratio (1.1x) compared to the US Banks industry average (0.8x).
Next Steps
Future Growth
How is BancFirst forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
-11.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BANF's earnings are forecast to decline over the next 3 years (-11.7% per year).
Earnings vs Market: BANF's earnings are forecast to decline over the next 3 years (-11.7% per year).
High Growth Earnings: BANF's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BANF's revenue (1.2% per year) is forecast to grow slower than the US market (7% per year).
High Growth Revenue: BANF's revenue (1.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BANF's Return on Equity is forecast to be low in 3 years time (10.5%).
Next Steps
Past Performance
How has BancFirst performed over the past 5 years?
17.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BANF has high quality earnings.
Growing Profit Margin: BANF's current net profit margins (32.8%) are lower than last year (32.9%).
Past Earnings Growth Analysis
Earnings Trend: BANF's earnings have grown by 17.8% per year over the past 5 years.
Accelerating Growth: BANF's earnings growth over the past year (7.2%) is below its 5-year average (17.8% per year).
Earnings vs Industry: BANF earnings growth over the past year (7.2%) underperformed the Banks industry 10.9%.
Return on Equity
High ROE: BANF's Return on Equity (13.4%) is considered low.
Next Steps
Financial Health
How is BancFirst's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: BANF's level of assets compared to its equity is low.
Allowance for Bad Loans: BANF has a sufficient allowance for bad loans.
Low Risk Liabilities: BANF's liabilities are made up of primarily low risk sources of funding.
Loan Level: BANF has an acceptable proportion of non-loan assets held.
Low Risk Deposits: BANF's loans are broadly funded by customer deposits.
Level of Bad Loans: BANF has an appropriate level of bad loans (0.84%)
Next Steps
Dividend
What is BancFirst's current dividend yield, its reliability and sustainability?
3.74%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BANF's dividend (3.75%) is higher than the bottom 25% of dividend payers in the US market (2.01%).
High Dividend: BANF's dividend (3.75%) is low compared to the top 25% of dividend payers in the US market (5.66%).
Stability and Growth of Payments
Stable Dividend: BANF's dividends per share have been stable in the past 10 years.
Growing Dividend: BANF's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30%), BANF's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BANF's dividends in 3 years are forecast to be well covered by earnings (43.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.0yrs
Average management tenure
CEO
David Harlow (56yo)
2.92s
Tenure
US$663,805
Compensation
Mr. David R. Harlow has been the Chief Executive Officer of Bancfirst Corporation since May 25, 2017 and serves as its President. Mr. Harlow served as President of BancFirst since 2003 until July 2017. He  ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD663.81K) is below average for companies of similar size in the US market ($USD3.25M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 3.08yrs | US$523.43k | 0.56% $6.2m | |
| CEO, President & Director | 2.92yrs | US$663.81k | 0.046% $518.6k | |
| Executive VP | 5yrs | US$349.99k | 0.0026% $29.4k | |
| Advisory Director | no data | US$18.00k | no data | |
| Executive VP | 17.25yrs | US$231.52k | 0.049% $549.6k | |
| President of Commercial Capital | no data | no data | no data | |
| Senior VP & Controller | no data | no data | no data | |
| Executive VP & Chief Credit Officer of BancFirst | no data | US$166.94k | no data | |
| Executive Vice President of Asset Quality for BancFirst | no data | no data | no data | |
| Senior Advisor | 2.33yrs | no data | no data |
4.0yrs
Average Tenure
63yo
Average Age
Experienced Management: BANF's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 3.08yrs | US$523.43k | 0.56% $6.2m | |
| CEO, President & Director | 2.92yrs | US$663.81k | 0.046% $518.6k | |
| Advisory Director | no data | US$18.00k | no data | |
| Chairman Emeritus | 3.08yrs | US$100.00k | 0.13% $1.4m | |
| Vice Chairman of the Board | 23.92yrs | US$2.00k | 0.049% $546.1k | |
| Vice Chairman | 7.25yrs | US$512.25k | 0.093% $1.0m | |
| Independent Director | 18yrs | US$24.00k | 0.11% $1.2m | |
| Independent Director | 22yrs | US$31.63k | 0.16% $1.8m | |
| Lead Independent Director | 7.25yrs | US$95.46k | 0.20% $2.2m | |
| Independent Director | 5.5yrs | US$66.05k | 0.0061% $68.4k |
7.3yrs
Average Tenure
71yo
Average Age
Experienced Board: BANF's board of directors are considered experienced (7.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BANF insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
BancFirst Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: BancFirst Corporation
- Ticker: BANF
- Exchange: NasdaqGS
- Founded: 1984
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$1.117b
- Shares outstanding: 32.70m
- Website: https://www.bancfirst.bank
Number of Employees
Location
- BancFirst Corporation
- 101 North Broadway
- Oklahoma City
- Oklahoma
- 73102
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BANF | NasdaqGS (Nasdaq Global Select) | Yes | Common Shares | US | USD | Apr 1993 |
Biography
BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services. It also provides commercial, financial, and other loans for working capital, facilities acquisition or expansion, purchase of equipment, and other needs; construction, farmland, one-to-four family residence, multifamily residential property, and commercial real estate loans; and loans to finance purchases of consumer goods, such as automobiles, boats, household goods, vacations, and education. In addition, the company engages in the investment management and administration of trusts for individuals, corporations, and employee benefit plans, as well as bond trustee and paying agent business for various Oklahoma municipalities and governmental entities; and provision of item processing, research, and other correspondent banking services for financial institutions and governmental units. Further, it is involved in real estate investment and insurance agency services; and providing funds transfer, collection, safe deposit box, cash management, retail brokerage, and other services for individual and corporate customers. The company serves customers in non-metropolitan trade centers and cities in the metropolitan statistical areas of Oklahoma. It operates through 107 banking locations serving 58 communities in Oklahoma. The company was formerly known as United Community Corporation and changed its name to BancFirst Corporation in November 1988. BancFirst Corporation was incorporated in 1984 and is based in Oklahoma City, Oklahoma.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/07 23:37 |
| End of Day Share Price | 2020/04/07 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.