Company profile

Ticker
BANF
Exchange
CEO
David R. Harlow
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
731221379

BANF stock data

(
)

Calendar

11 May 20
3 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 83.97M 86.19M 86.43M 83.1M
Net income 22.61M 35.51M 33.37M 34.17M
Diluted EPS 0.68 1.07 1 1.02
Net profit margin 26.92% 41.20% 38.61% 41.12%
Net change in cash 227.03M
Cash on hand 1.7B
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 336.66M 303.2M 248.07M 218.57M
Net income 134.88M 125.81M 86.44M 70.67M
Diluted EPS 4.05 3.76 2.65 2.22
Net profit margin 40.06% 41.49% 34.84% 32.33%
Net change in cash -333.62M -92.59M 252.28M
Cash on hand 1.42B 1.76B 1.85B

Financial data from Bancfirst earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
14 May 20 Dennis L Brand Common Stock Buy Aquire P 30 1,000 30K 26,000
18 Mar 20 Randy Foraker Common Stock Buy Aquire P 32 230 7.36K 470
18 Mar 20 Joe Goyne Common Stock Buy Aquire P 31.75 500 15.88K 3,500
17 Mar 20 Gregory Wedel Common Stock Buy Aquire P 33.722 2,000 67.44K 2,000
17 Mar 20 McCasland Thomas Howard III Common Stock Sell Dispose S 34.8921 18,000 628.06K 74,380
17 Mar 20 McCasland Thomas Howard III Common Stock Buy Aquire P 34.8921 18,000 628.06K 92,380
13F holders
Current Prev Q Change
Total holders 113 117 -3.4%
Opened positions 18 10 +80.0%
Closed positions 22 11 +100.0%
Increased positions 39 41 -4.9%
Reduced positions 36 45 -20.0%
13F shares
Current Prev Q Change
Total value 3.42B 1.06B +223.5%
Total shares 11.22M 11.71M -4.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Vanguard 2.1M $70.17M +4.6%
BLK BlackRock 1.53M $51.09M +8.3%
Dimensional Fund Advisors 1.07M $35.71M -3.8%
NTRS Northern Trust 502.52K $16.77M +0.3%
JHG Janus Henderson 478.78K $15.98M -23.7%
FMR 459.28K $15.33M -39.2%
STT State Street 394.35K $13.29M -4.2%
Geode Capital Management 380.02K $12.68M +4.7%
JPM JPMorgan Chase & Co. 379.2K $12.65M +2.8%
Cardinal Capital Management 330.51K $11.03M +0.9%
Largest transactions
Shares Bought/sold Change
FMR 459.28K -295.88K -39.2%
Norges Bank 0 -258.86K EXIT
JHG Janus Henderson 478.78K -148.43K -23.7%
BLK BlackRock 1.53M +117.67K +8.3%
Kennedy Capital Management 0 -99.87K EXIT
Vanguard 2.1M +93.28K +4.6%
Panagora Asset Management 115.04K +87.8K +322.4%
Millennium Management 172.11K +73.8K +75.1%
Martingale Asset Management L P 14.51K -63.41K -81.4%
Renaissance Technologies 121.9K -55.4K -31.2%

Financial report summary

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Risks
  • The COVID-19 pandemic has impacted our business, and the ultimate impact on our business and financial results will depend on future developments, which are highly uncertain and cannot be predicted, including the scope and duration of the pandemic and actions taken by governmental authorities in response to the pandemic.
Management Discussion
  • For the three months ended March 31, 2020, net interest income, which is the Company’s principal source of operating revenue, increased $7.2 million compared to the three months ended March 31, 2019. Net interest income increased due to loan growth and the drop in interest rates on deposits. Net interest margin is the ratio of taxable-equivalent net interest income to average earning assets for the period. The Company’s net interest margin for the first quarter of 2020 decreased slightly compared to the first quarter of 2019, primarily due to the lower average rates on federal funds and securities during the quarter.
  • The Company’s provision for credit losses for the first quarter of 2020 was $19.6 million compared to $1.7 million a year ago. The increase in the provision was related to reserve build up for expected credit losses stemming from the COVID-19 pandemic and low energy prices. The Company’s provision this quarter is based on a modestly optimistic assumption on the timing of an end to the pandemic, as well as the magnitude of the government’s stimulus response to it. To the extent the amount of time the economy remains shuttered or otherwise adversely affected is more extended than the Company’s current base projection, the Company will see a continuation of higher than normal provision in future periods. The Company establishes an allowance as an estimate of the expected credit losses in the loan portfolio at the balance sheet date. Management believes the allowance for credit losses is appropriate based upon management’s best estimate of expected losses within the existing loan portfolio. Should any of the factors considered by management in evaluating the appropriate level of the allowance for credit losses change, the Company’s estimate of expected credit losses could also change, which could affect the amount of future provisions for credit losses. Net loan charge-offs were $1.0 million for the first quarter of 2020, compared to $158,000 for the first quarter of 2019. The rate of net charge-offs to average total loans, as presented in the preceding table, continues to be at a low level.
  • Noninterest income, as presented in the preceding table, increased by $3.1 million for first quarter of 2020 compared to the first quarter of 2019. The increase in noninterest income was primarily due to increased trust revenue, service charges on deposits and insurance commissions. Noninterest income also included increases in debit card usage fees and non-sufficient funds fees. The Company had fees from debit card usage totaling $8.2 million and $7.8 million during the three month periods ended March 31, 2020 and 2019, respectively. This represents 23.3% and 24.4% of the Company’s noninterest income for the three month periods ended March 31, 2020 and 2019, respectively. In addition, the Company has non-sufficient funds fees totaling $8.3 million and $7.6 million for the three month periods ended March 31, 2020 and 2019, respectively. This represents 23.5% and 23.8% of the Company’s noninterest income for the three month periods ended March 31, 2020 and 2019, respectively.
Content analysis ?
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Constraining
Legalese
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Readability
H.S. freshman Bad
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