BancFirst
Market Cap
US$1.9b
Last Updated
2019/10/19 23:31 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.
Snowflake
Fundamentals
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
Market Performance
7 Day Return
5.7%
BANF
2.7%
US Banks
0.4%
US Market
1 Year Return
3.4%
BANF
2.7%
US Banks
6.9%
US Market
Return vs Industry: BANF matched the US Banks industry which returned 2.7% over the past year.
Return vs Market: BANF underperformed the US Market which returned 6.9% over the past year.
Shareholder returns
| BANF | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.7% | 2.7% | 0.4% |
| 30 Day | 2.6% | 0.7% | -1.1% |
| 90 Day | 0.5% | 3.0% | -0.5% |
| 1 Year | 5.9%3.4% | 5.7%2.7% | 9.3%6.9% |
| 3 Year | 74.1%64.7% | 52.1%41.6% | 45.8%36.4% |
| 5 Year | 99.4%80.2% | 69.2%50.7% | 62.9%45.1% |
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
5 hours ago | Simply Wall St
BancFirst Corporation Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year1 week ago | Simply Wall St
Do BancFirst's (NASDAQ:BANF) Earnings Warrant Your Attention?3 weeks ago | Simply Wall St
Does Market Volatility Impact BancFirst Corporation's (NASDAQ:BANF) Share Price?Valuation
Is BancFirst undervalued compared to its fair value and its price relative to the market?
19.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: BANF ($58.3) is trading below our estimate of fair value ($72.38)
Significantly Undervalued: BANF is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BANF is poor value based on its PE Ratio (14.4x) compared to the Banks industry average (12.6x).
PE vs Market: BANF is good value based on its PE Ratio (14.4x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
Low PEG Ratio: BANF is poor value based on its PEG Ratio (17.7x)
Price to Book Ratio
PB vs Industry: BANF is overvalued based on its PB Ratio (2x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is BancFirst forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
0.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BANF's forecast earnings growth (0.8% per year) is below the savings rate (2.7%).
Earnings vs Market: BANF's earnings (0.8% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: BANF's earnings are forecast to grow, but not significantly.
Revenue vs Market: BANF's revenue (4.4% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: BANF's revenue (4.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: BANF's Return on Equity is forecast to be low in 3 years time (12.4%).
Next Steps
Past Performance
How has BancFirst performed over the past 5 years?
17.3%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: BANF's earnings have grown by 17.3% per year over the past 5 years.
Accelerating Growth: BANF's earnings growth over the past year (17.3%) exceeds its 5-year average (17.3% per year).
Earnings vs Industry: BANF earnings growth over the past year (17.3%) underperformed the Banks industry 29.6%.
Return on Equity
High ROE: BANF's Return on Equity (13.8%) is considered low.
Return on Assets
ROA vs Industry: BANF has a higher Return on Assets than the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate BANF's Return on Capital Employed to determine if it has improved over the past 3 years.
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
Inventory Level: BANF has a low level of unsold assets or inventory.
Debt Coverage by Assets: BANF's debt is covered by short term assets (assets are 68.230500x debt).
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 (0.73%)
Next Steps
Dividend
What is BancFirst's current dividend yield, its reliability and sustainability?
2.20%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: BANF's dividend (2.2%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: BANF's dividend (2.2%) is low compared to the top 25% of dividend payers in the US market (3.73%).
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 (30.2%), 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 (32.3% payout ratio).
Next Steps
Management
What is the CEO of BancFirst's salary, the management and board of directors tenure and is there insider trading?
14.5yrs
Average management tenure
CEO
David Harlow (56yo)
2.4yrs
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 has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Management Age and Tenure
14.5yrs
Average Tenure
63yo
Average Age
Experienced Management: BANF's management team is seasoned and experienced (14.5 years average tenure).
Board Age and Tenure
5.0yrs
Average Tenure
63yo
Average Age
Experienced Board: BANF's board of directors are considered experienced (5 years average tenure).
Insider Trading
Insider Buying: BANF insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 4,000 |
| Max Price | US$55.05 |
| Entity | Individual |
| Shares | 2,000 |
| Max Price | US$53.00 |
| Entity | Individual |
| Shares | 2,000 |
| Max Price | US$53.74 |
Ownership Breakdown
Management Team
T. Faison
President of Commercial Capital
- Tenure: 0yrs
Bill Johnstone (71yo)
Vice Chairman of the Board
- Tenure: 23.4yrs
- Compensation: US$2.00k
David Rainbolt (63yo)
Executive Chairman
- Tenure: 2.6yrs
- Compensation: US$523.43k
Dennis Brand (71yo)
Vice Chairman
- Tenure: 6.8yrs
- Compensation: US$512.25k
Randy Foraker (63yo)
Executive VP
- Tenure: 16.8yrs
- Compensation: US$231.52k
D. Hannah (63yo)
- Tenure: 0yrs
Darry Schmidt (57yo)
Director
- Tenure: 2.4yrs
- Compensation: US$661.40k
David Harlow (56yo)
CEO, President & Director
- Tenure: 2.4yrs
- Compensation: US$663.81k
Laura Ratliff
Advisory Director
- Tenure: 0yrs
- Compensation: US$18.00k
Kevin Lawrence (40yo)
Executive VP
- Tenure: 4.5yrs
- Compensation: US$349.99k
Board Members
Gene Rainbolt (90yo)
Chairman Emeritus
- Tenure: 2.6yrs
- Compensation: US$100.00k
Bill Johnstone (71yo)
Vice Chairman of the Board
- Tenure: 23.4yrs
- Compensation: US$2.00k
David Rainbolt (63yo)
Executive Chairman
- Tenure: 2.6yrs
- Compensation: US$523.43k
Dennis Brand (71yo)
Vice Chairman
- Tenure: 6.8yrs
- Compensation: US$512.25k
C. Craig (74yo)
Independent Director
- Tenure: 21.5yrs
- Compensation: US$31.63k
Darry Schmidt (57yo)
Director
- Tenure: 2.4yrs
- Compensation: US$661.40k
G. Williams (58yo)
Lead Independent Director
- Tenure: 6.8yrs
- Compensation: US$95.46k
David Harlow (56yo)
CEO, President & Director
- Tenure: 2.4yrs
- Compensation: US$663.81k
Laura Ratliff
Advisory Director
- Tenure: 0yrs
- Compensation: US$18.00k
Greg Wedel (58yo)
Independent Director
- Tenure: 5yrs
- Compensation: US$66.05k
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$1.903b
- Shares outstanding: 32.64m
- 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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 23:31 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.