{"id":15416,"date":"2023-05-29T20:45:21","date_gmt":"2023-05-30T00:45:21","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/bancfirst-a-long-term-investment-for-capital-gains-nasdaqbanf\/"},"modified":"2023-05-29T20:45:23","modified_gmt":"2023-05-30T00:45:23","slug":"bancfirst-a-long-term-investment-for-capital-gains-nasdaqbanf","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=15416","title":{"rendered":"BancFirst: A Long-Term Investment For Capital Gains (NASDAQ:BANF)"},"content":{"rendered":"
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Introduction<\/h2>\n

BancFirst Corporation (NASDAQ:BANF<\/span>) is a financial holding company headquartered in Oklahoma City, and operates a number of subsidiary banks, where the vast majority of its business is done through its wholly owned subsidiary BancFirst. The vast majority of its presence is in Oklahoma – in 2022, its market share of deposits within the state of Oklahoma was 7.19%.<\/span><\/p>\n

BancFirst Corporation currently has 106 banking locations in 59 communities in Oklahoma, 3 banking locations in the Dallas Metroplex area, and 4 locations in Dallas-Fort Worth Metroplex area. BancFirst provides commercial banking services to retail customers, as well as small to medium sized businesses.<\/p>\n

It acts as a “super community bank”, which means that management is decentralized to the community banking offices, which allows them to respond to local demands and needs. On the other hand, BancFirst centralizes almost all of its processing, support, and investment functions as a means to achieve operational efficiency and operational consistency.<\/span><\/p>\n

BancFirst’s primary lending activity is business and industry financing in its geographic locales, mainly for small to medium sized businesses in light manufacturing, local wholesale and retail trade, commercial and residential real estate development and construction, services, agriculture, and energy. The consumer lending business largely consists of automobile financing, home equity loans, and personal loans, as well as residential loans for home in areas outside of large metropolitan areas.<\/p>\n

Deposit services include checking accounts, Negotiable Order of Withdrawal accounts, savings accounts, money market accounts, sweep accounts, individual retirement accounts, and certificates of deposit.<\/p>\n

In this article, I will take a very data and numbers-driven approach to evaluate BancFirst.<\/p>\n

Examining Assets & Liabilities<\/h2>\n

Below I will present the 6 balance sheet items that are of the most interest, in a time series from 2009 to present. The other assets and liabilities not displayed here are not of significant magnitude or interest. This following chart and the associated graphs will allow us to see the growth of BancFirst over the years since the Great Financial Crisis, and also pass some judgments about management’s decision making.<\/p>\n

All figures are in millions. All figures were extracted from the 2010, 2012, 2014, 2016, 2018, 2020, 2022 10-K filings, as well as the Q1 2023 10-K filing.<\/p>\n

<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\nInterest Bearing Deposits With Banks<\/td>\nDebt Securities Available For Sale<\/td>\nLoans, Net Of Allowance For Credit Losses<\/td>\nGoodwill<\/td>\nNon-Interest-Bearing Deposits<\/td>\nInterest-Bearing Deposits<\/td>\n<\/tr>\n
2009<\/td>\n930<\/td>\n417<\/td>\n2,702<\/td>\n35<\/td>\n1,158<\/td>\n2,771<\/td>\n<\/tr>\n
2010<\/td>\n1,111<\/td>\n746<\/td>\n2,776<\/td>\n45<\/td>\n1,318<\/td>\n3,185<\/td>\n<\/tr>\n
2011<\/td>\n1,544<\/td>\n615<\/td>\n3,013<\/td>\n45<\/td>\n1,705<\/td>\n3,333<\/td>\n<\/tr>\n
2012<\/td>\n1,732<\/td>\n563<\/td>\n3,242<\/td>\n45<\/td>\n2,017<\/td>\n3,424<\/td>\n<\/tr>\n
2013<\/td>\n1,661<\/td>\n528<\/td>\n3,348<\/td>\n45<\/td>\n2,086<\/td>\n3,334<\/td>\n<\/tr>\n
2014<\/td>\n1,710<\/td>\n525<\/td>\n3,820<\/td>\n45<\/td>\n2,411<\/td>\n3,494<\/td>\n<\/tr>\n
2015<\/td>\n1,395<\/td>\n553<\/td>\n4,190<\/td>\n54<\/td>\n2,410<\/td>\n3,564<\/td>\n<\/tr>\n
2016<\/td>\n1,667<\/td>\n470<\/td>\n4,352<\/td>\n54<\/td>\n2,527<\/td>\n3,721<\/td>\n<\/tr>\n
2017<\/td>\n1,542<\/td>\n462<\/td>\n4,620<\/td>\n54<\/td>\n2,550<\/td>\n3,865<\/td>\n<\/tr>\n
2018<\/td>\n1,196<\/td>\n771<\/td>\n4,925<\/td>\n80<\/td>\n2,614<\/td>\n3,992<\/td>\n<\/tr>\n
2019<\/td>\n1,646<\/td>\n490<\/td>\n5,608<\/td>\n149<\/td>\n2,956<\/td>\n4,527<\/td>\n<\/tr>\n
2020<\/td>\n1,336<\/td>\n552<\/td>\n6,303<\/td>\n150<\/td>\n3,791<\/td>\n4,274<\/td>\n<\/tr>\n
2021<\/strong><\/td>\n1,821<\/strong><\/td>\n532<\/strong><\/td>\n6,086<\/strong><\/td>\n150<\/strong><\/td>\n3,775<\/strong><\/td>\n4,317<\/strong><\/td>\n<\/tr>\n
2022<\/strong><\/td>\n2,910<\/strong><\/td>\n1,538<\/strong><\/td>\n6,851<\/strong><\/td>\n182<\/strong><\/td>\n4,945<\/strong><\/td>\n6,029<\/strong><\/td>\n<\/tr>\n
2023 Q1<\/td>\n2,624<\/td>\n1,616<\/td>\n7,024<\/td>\n182<\/td>\n4,540<\/td>\n6,070<\/td>\n<\/tr>\n<\/table>\n

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