BancFirst Corporation (BANF): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama dinámico de la banca regional, Bancfirst Corporation (BANF) surge como una potencia estratégica, elaborando meticulosamente su modelo de negocio para satisfacer las intrincadas necesidades financieras de las diversas comunidades de Oklahoma. Al combinar soluciones bancarias personalizadas con tecnologías digitales de vanguardia, Banf se ha posicionado ingeniosamente como un socio financiero versátil que comprende los requisitos matizados de pequeñas empresas, empresas agrícolas y clientes individuales por igual. Su enfoque integral trasciende los paradigmas bancarios tradicionales, ofreciendo una integración perfecta de los servicios locales basados ​​en relaciones y productos financieros sofisticados que atienden a un ecosistema de mercado en evolución.

Bancfirst Corporation (BANF) - Modelo de negocios: asociaciones clave

Asociaciones bancarias de negocios locales y regionales

A partir del cuarto trimestre de 2023, BancFirst Corporation mantiene asociaciones estratégicas con aproximadamente 1,287 empresas locales y regionales en Oklahoma. La cartera de préstamos comerciales del banco totaliza $ 2.3 mil millones, con un valor de asociación promedio de $ 1.8 millones por relación comercial.

Categoría de asociación	Número de asociaciones	Valor total
Asociaciones de pequeñas empresas	872	$ 1.1 mil millones
Asociaciones comerciales de tamaño mediano	315	$ 762 millones
Grandes asociaciones corporativas	100	$ 437 millones

Empresas de inversión y redes de asesoramiento financiero

BancFirst colabora con 43 empresas de inversión y redes de asesoramiento financiero, que administran aproximadamente $ 687 millones en activos de inversión combinados.

• Las 5 principales redes de asociación de inversión generan $ 412 millones en activos administrados
• Duración promedio de la asociación: 7.3 años
• Ingresos de asociación de inversión: $ 24.6 millones en 2023

Asociaciones de proveedores de tecnología

BancFirst ha establecido asociaciones con 12 proveedores de tecnología especializados en plataformas de banca digital. Las inversiones de asociación tecnológica totalizaron $ 18.3 millones en 2023.

Socio tecnológico	Servicio proporcionado	Inversión anual
Fiserv	Sistema bancario central	$ 5.2 millones
Jack Henry	Soluciones de banca digital	$ 4.7 millones
Otros proveedores de tecnología	Ciberseguridad, IA, servicios en la nube	$ 8.4 millones

Asociaciones de gestión de seguros y patrimonio

BancFirst mantiene relaciones con 27 proveedores de gestión de seguros y patrimonio, generando $ 56.4 millones en ingresos combinados para 2023.

Redes de préstamos agrícolas y comerciales

El banco ha establecido 214 asociaciones de préstamos agrícolas y comerciales en Oklahoma, con una cartera de préstamos totales de $ 1.6 mil millones a diciembre de 2023.

Tipo de red de préstamos	Número de asociaciones	Cartera de préstamos totales
Préstamo agrícola	127	$ 892 millones
Préstamo comercial	87	$ 708 millones

Bancfirst Corporation (BANF) - Modelo de negocio: actividades clave

Servicios de banca comercial y minorista

Bancfirst Corporation opera 252 ubicaciones bancarias en Oklahoma a partir de 2023. Los activos totales informados en $ 21.4 mil millones. Los ingresos por intereses netos para 2022 fueron de $ 636.3 millones.

Categoría de servicio bancario	Volumen total (2023)
Cuentas corrientes comerciales	87,345
Cuentas corrientes personales	214,567
Cuentas de ahorro de negocios	45,213

Originación de préstamo y gestión de cartera

Valor total de la cartera de préstamos de $ 16.9 mil millones en 2023. Desglose de composición de préstamos:

• Préstamos inmobiliarios comerciales: $ 6.3 mil millones
• Comercial & Préstamos industriales: $ 4.2 mil millones
• Préstamos hipotecarios residenciales: $ 3.8 mil millones
• Préstamos al consumidor: $ 2.6 mil millones

Desarrollo de la plataforma de banca digital

Transacciones bancarias digitales en 2023: 42.6 millones. Usuarios de banca móvil: 187,000.

Servicio digital	Compromiso de usuario
Aplicación de banca móvil	187,000 usuarios activos
Pago de factura en línea	124,500 usuarios
Captura de depósito remoto	98,300 usuarios

Asesoramiento financiero y gestión de patrimonio

Activos de gestión de patrimonio bajo administración: $ 2.3 mil millones. CLIENTES AVENTILOR TOTAL: 14,750.

Evaluación de riesgos y evaluación de crédito

Métricas de evaluación de crédito para 2023:

• Tasa promedio de incumplimiento del préstamo: 0.72%
• Provisión de pérdida de préstamo: $ 48.6 millones
• Umbral de puntaje de crédito para préstamos comerciales: 680
• Activos ponderados por el riesgo: $ 15.2 mil millones

Bancfirst Corporation (BANF) - Modelo de negocio: recursos clave

Red bancaria regional fuerte en Oklahoma

A partir del cuarto trimestre de 2023, BancFirst Corporation opera 242 ubicaciones bancarias en Oklahoma. Activos totales: $ 18.4 mil millones. La red de sucursales abarca 153 ciudades dentro del estado.

Métrico	Valor
Ubicaciones bancarias totales	242
Activos totales	$ 18.4 mil millones
Ciudades cubiertas	153

Equipo experimentado de gestión financiera

Composición de liderazgo:

• David Harlow - Presidente y CEO
• Kevin Groothuis - Director Financiero
• Promedio de tenencia ejecutiva: 15.6 años

Infraestructura avanzada de tecnología de banca digital

Inversión tecnológica en 2023: $ 24.7 millones

Servicio digital	Tasa de adopción de usuarios
Banca móvil	68%
Banca en línea	72%

Cartera de préstamos e inversiones diversificadas

Desglose de la cartera de préstamos (cuarto trimestre 2023):

• Préstamos comerciales: $ 6.2 mil millones
• Préstamos inmobiliarios: $ 5.9 mil millones
• Préstamos al consumidor: $ 3.4 mil millones
• Préstamos agrícolas: $ 1.7 mil millones

Sistemas robustos de gestión de relaciones con el cliente

Base total de clientes: 387,000 a diciembre de 2023

Segmento de clientes	Número de clientes
Banca personal	276,000
Banca de negocios	89,000
Gestión de patrimonio	22,000

Bancfirst Corporation (BANF) - Modelo de negocio: propuestas de valor

Soluciones bancarias personalizadas para comunidades locales

A partir del cuarto trimestre de 2023, Bancfirst Corporation atiende a 177 ubicaciones de servicios financieros en Oklahoma, con activos totales de $ 16.7 mil millones. El banco proporciona soluciones bancarias personalizadas específicamente adaptadas a las necesidades locales del mercado.

Segmento de mercado	Número de ubicaciones	Cobertura de activos
Banca comunitaria de Oklahoma	177	$ 16.7 mil millones

Tasas de interés competitivas y productos financieros

BancFirst ofrece productos financieros competitivos con la siguiente estructura de tarifas:

Tipo de producto	Rango de tasas de interés
Cuentas de ahorro personal	0.50% - 2.25%
Verificación de negocios	0.10% - 1.75%
Tasas de CD	3.50% - 5.25%

Experiencia bancaria digital y en persona integral

Métricas de banca digital para BancFirst en 2023:

• Usuarios de banca móvil: 215,000
• Volumen de transacciones en línea: 3.2 millones mensuales
• Disponibilidad de la plataforma digital: 99.98%

Servicios de préstamos especializados para empresas y agricultura

Desglose de la cartera de préstamos para 2023:

Segmento de préstamos	Valor total del préstamo	Porcentaje de cartera
Préstamo comercial	$ 4.3 mil millones	42%
Préstamos agrícolas	$ 1.9 mil millones	18%
Préstamos para pequeñas empresas	$ 1.2 mil millones	12%

Toma de decisiones locales y servicio al cliente receptivo

Métricas de servicio al cliente para 2023:

• Tiempo de respuesta promedio: 12 minutos
• Calificación de satisfacción del cliente: 4.7/5
• Ramas de toma de decisiones locales: 100% de la red

BancFirst Corporation (BANF) - Modelo de negocios: relaciones con los clientes

Gestión de la relación bancaria personal

A partir del cuarto trimestre de 2023, Bancfirst Corporation mantuvo 125 ubicaciones bancarias en Oklahoma con 1,287 empleados totales dedicados a la gestión de la relación con el cliente.

Segmento de clientes	Enfoque de gestión de relaciones	Frecuencia de interacción promedio
Clientes bancarios personales	Gestión de cuentas personalizada	4-6 puntos de contacto por año
Clientes bancarios de negocios	Gerentes de relaciones dedicadas	8-12 puntos de contacto por año

Soporte bancario en línea y móvil

En 2023, BancFirst reportó 78,436 usuarios de banca digital activo con las siguientes métricas de participación digital:

• Descargas de aplicaciones de banca móvil: 52,310
• Usuarios activos de banca en línea: 64,892
• Volumen de transacciones digitales: 3.2 millones de transacciones mensuales

Construcción de relaciones centradas en la comunidad

Bancfirst invirtió $ 1.37 millones en programas de participación comunitaria y patrocinio local durante 2023.

Gerentes de relaciones dedicadas para clientes comerciales

A partir de 2023, BancFirst asignó a 87 gerentes de relaciones dedicadas específicamente para clientes comerciales y de banca comercial, atendiendo aproximadamente 4,500 cuentas comerciales.

Servicios regulares de consulta financiera y asesoramiento

Tipo de servicio	Interacciones anuales del cliente	Duración promedio del servicio
Consultas de gestión de patrimonio	2-4 por cliente	1.5 horas por sesión
Planificación financiera comercial	3-6 por cliente comercial	2 horas por sesión

Bancfirst Corporation (BANF) - Modelo de negocios: canales

Red de sucursales bancarias físicas

A partir de 2024, BancFirst Corporation opera 106 sucursales bancarias en Oklahoma. El banco mantiene una presencia concentrada en las siguientes regiones clave:

Región	Número de ramas
Área metropolitana de Oklahoma City	42 ramas
Área metropolitana de Tulsa	28 ramas
Otras regiones de Oklahoma	36 ramas

Plataforma bancaria en línea

La plataforma digital de BancFirst proporciona servicios bancarios integrales con las siguientes características:

• Seguimiento del saldo de la cuenta
• Historial de transacciones
• Servicios de pago de facturas
• Transferencias de fondos
• Declaraciones electrónicas

Base de usuarios en línea: 187,500 clientes activos de banca digital a partir del cuarto trimestre de 2023

Aplicación de banca móvil

Estadísticas de aplicaciones móviles para BancFirst:

Métrico	2024 datos
Descargas totales de aplicaciones móviles	124,600
Usuarios activos mensuales	89,300
Volumen de transacción móvil	3.2 millones de transacciones mensuales

Red de cajeros automáticos

BancFirst mantiene la siguiente infraestructura de ATM:

• Ubicaciones de cajeros automáticos totales: 168
• Transacciones de cajeros automáticos gratis: 1.1 millones mensuales
• Cobertura geográfica: Red estatal Oklahoma

Servicios de banca telefónica

Métricas de canales de banca telefónica:

Métrico de servicio	2024 datos
Personal del centro de llamadas	42 representantes
Volumen diario promedio de llamadas	2.750 llamadas
Tiempo de respuesta promedio	2.3 minutos

BancFirst Corporation (BANF) - Modelo de negocio: segmentos de clientes

Empresas pequeñas a medianas

A partir del cuarto trimestre de 2023, BancFirst atiende a aproximadamente 12.500 clientes comerciales pequeños a medianos en todo Oklahoma. La cartera de préstamos comerciales del banco para SMB se valoró en $ 1.37 mil millones.

Segmento de negocios	Número de clientes	Tamaño promedio del préstamo
Negocios minoristas	4,750	$285,000
Servicios profesionales	3,900	$412,000
Fabricación	2,850	$625,000

Empresas del sector agrícola

Bancfirst tiene una división dedicada de préstamos agrícolas con $ 620 millones en préstamos agrícolas a diciembre de 2023.

• Total de clientes agrícolas: 3,275
• Tamaño promedio del préstamo agrícola: $ 189,500
• Cobertura geográfica: principalmente regiones agrícolas de Oklahoma y Texas

Clientes de banca minorista individual

Total de clientes de banca minorista: 287,400 a finales de 2023.

Tipo de cliente	Números de cuenta	Saldo de cuenta promedio
Comprobación personal	165,200	$8,750
Cuentas de ahorro	122,200	$15,400

Individuos de alto nivel de red

Bancfirst maneja $ 425 millones en activos de cliente de alto nivel de red a partir de 2023.

• Número de clientes de alto nivel de red: 1.850
• Umbral de activos mínimo: $ 1 millón
• Valor de la cartera promedio: $ 229,700

Gobierno local y clientes municipales

Portafolio de banca municipal: $ 780 millones en depósitos y préstamos municipales.

Tipo de cliente	Número de clientes	Volumen bancario total
Gobiernos municipales	87	$ 425 millones
Gobiernos del condado	42	$ 225 millones
Distritos escolares	63	$ 130 millones

Bancfirst Corporation (BANF) - Modelo de negocio: Estructura de costos

Operación de rama y gastos de mantenimiento

Para el año fiscal 2023, Bancfirst Corporation informó que la operación de sucursal y los gastos de mantenimiento por un total de $ 43.6 millones. Esto incluye costos asociados con:

• Mantenimiento de infraestructura de rama física
• Gestión de servicios públicos e instalaciones
• Sistemas de seguridad de ramas
• Mantenimiento de equipos y muebles

Categoría de gastos	Monto ($)
Mantenimiento de la instalación	18,200,000
Utilidades de rama	12,400,000
Sistemas de seguridad	7,900,000
Mantenimiento del equipo	5,100,000

Tecnología e inversiones en infraestructura digital

En 2023, Bancfirst invirtió $ 37.2 millones en tecnología e infraestructura digital, que abarca:

• Actualizaciones del sistema bancario central
• Mejoras de ciberseguridad
• Desarrollo de la plataforma de banca digital
• TI Mantenimiento de infraestructura

Área de inversión tecnológica	Monto ($)
Sistema bancario central	15,600,000
Ciberseguridad	9,800,000
Plataforma de banca digital	7,300,000
Infraestructura	4,500,000

Salarios y beneficios de los empleados

Para el año fiscal 2023, la compensación total de empleados de Bancfirst alcanzó los $ 156.4 millones, lo que incluye:

• Salarios base
• Bonos de rendimiento
• Beneficios de atención médica
• Contribuciones de jubilación

Componente de compensación	Monto ($)
Salarios base	98,700,000
Bonos de rendimiento	32,900,000
Beneficios de atención médica	15,600,000
Contribuciones de jubilación	9,200,000

Costos de cumplimiento regulatorio

Los gastos de cumplimiento regulatorio de Bancfirst para 2023 totalizaron $ 22.5 millones, cubriendo:

• Personal legal y de cumplimiento
• Informes regulatorios
• Auditoría y gestión de riesgos
• Capacitación de cumplimiento

Categoría de gastos de cumplimiento	Monto ($)
Personal de cumplimiento	9,800,000
Informes regulatorios	5,700,000
Auditoría y gestión de riesgos	4,300,000
Capacitación de cumplimiento	2,700,000

Gastos de marketing y adquisición de clientes

En 2023, Bancfirst gastó $ 16.8 millones en esfuerzos de marketing y adquisición de clientes, que incluyen:

• Publicidad digital
• Campañas de medios tradicionales
• Programas de referencia de clientes
• Tecnología de marketing

Categoría de gastos de marketing	Monto ($)
Publicidad digital	7,200,000
Medios tradicionales	4,900,000
Programas de referencia de clientes	2,800,000
Tecnología de marketing	1,900,000

Bancfirst Corporation (BANF) - Modelo de negocios: flujos de ingresos

Ingresos por intereses de préstamos e inversiones

Para el año fiscal 2023, Bancfirst Corporation informó ingresos por intereses netos de $ 356.4 millones. El desglose de los ingresos de intereses incluye:

Categoría	Monto ($)
Interés de préstamo	$ 312.7 millones
Intereses de valores de inversión	$ 43.7 millones

Tarifas de servicio y cargos de transacción

Los ingresos por tarifas de servicio para 2023 totalizaron $ 87.6 millones, con los siguientes componentes clave:

• CARGOS DE SERVICIO DE CUENTA DE DISPOSITOS: $ 42.3 millones
• Cajeros automáticos y tarifas bancarias electrónicas: $ 22.1 millones
• Tarifas de sobregiro y transacción: $ 23.2 millones

Servicios de gestión de patrimonio y asesoramiento

Los ingresos de gestión de patrimonio para 2023 alcanzaron $ 24.5 millones, que incluyen:

Servicio	Ingresos ($)
Aviso de inversión	$ 15.3 millones
Servicios de confianza	$ 9.2 millones

Productos de préstamos hipotecarios y comerciales

Los préstamos comerciales e hipotecarios generaron $ 98.7 millones en ingresos para 2023:

• Tarifas de originación de préstamos comerciales: $ 67.4 millones
• Tarifas de préstamos hipotecarios: $ 31.3 millones

Tarifas de inversión y gestión del Tesoro

Los servicios de inversión y gestión del tesoro contribuyeron con $ 33.2 millones en 2023:

Categoría de servicio	Ingresos ($)
Servicios del Tesoro corporativo	$ 22.6 millones
Tarifas de gestión de inversiones	$ 10.6 millones

BancFirst Corporation (BANF) - Canvas Business Model: Value Propositions

You're looking at the core reasons customers choose BancFirst Corporation over other regional players. It's not just about having an account; it's about how they structure their service delivery.

Community-centric banking with local decision-making authority

BancFirst Corporation delivers value through a decentralized community banking approach, meaning local bankers hold decision-making authority. This structure supports their mission to be the Premier Oklahoma Based Financial Institution. The bank operates a network of over 104 banking locations across 59 communities in Oklahoma as of mid-2025. This local empowerment allows for responsiveness to customer needs that a centralized model often misses. This is the essence of their 'super community bank' model.

Comprehensive suite of commercial, retail, and wealth management services

The offering covers the full spectrum of financial needs for individuals and businesses. This suite includes commercial banking, retail banking, and wealth management services. Noninterest income for the third quarter of 2025 totaled $49.9 million, which reflects revenue generated from these diverse fee-based services.

The specialized services are a key component of this suite:

• Commercial and consumer banking.
• Mortgage lending and equipment financing.
• Treasury management solutions.
• Electronic banking solutions.

Financial stability and superior asset quality for depositor confidence

Depositors gain confidence from the bank's solid financial footing. As of September 30, 2025, BancFirst Corporation's total assets stood at $14.2 billion, with total deposits reaching $12.1 billion. The bank maintains a strong asset quality profile, which is a critical value proposition. Nonaccrual loans represented only 0.69% of total loans at September 30, 2025. Furthermore, the allowance for credit losses to total loans was maintained at 1.20% as of that date. The Net Interest Margin for the third quarter of 2025 was 3.79%.

Here is a snapshot of the financial strength supporting this value proposition:

Metric (As of Sept 30, 2025)	Amount	Ratio/Context
Total Assets	$14.2 billion	Up $643.8 million since year-end 2024
Total Deposits	$12.1 billion	Up $399.8 million since year-end 2024
Total Loans	$8.3 billion	Grew $254.0 million since year-end 2024
Nonaccrual Loans	$57.3 million	0.69% of total loans
Net Income (Q3 2025)	$62.7 million	Year-over-year increase from $58.9 million

Personalized, relationship-focused customer care, a key differentiator

The commitment to deep community ties translates directly into personalized service. This relationship focus is what the 'super community bank' model is designed to deliver, contrasting with larger, less personal institutions. The bank emphasizes cultivating lifelong connections with its customers. This cultural DNA is a primary reason clients choose BancFirst Corporation.

Access to specialized services like trust administration and insurance

Beyond core lending and deposits, BancFirst Corporation provides specialized financial services. Trust revenue and insurance commissions contribute directly to the Noninterest Income stream. For context, in the second quarter of 2025, trust revenue was $5.8 million, and insurance commissions reached $7.9 million. These specialized offerings round out the comprehensive value provided to clients seeking more than just standard transactional banking.

BancFirst Corporation (BANF) - Canvas Business Model: Customer Relationships

BancFirst Corporation emphasizes a relationship-centric approach, which is the core differentiator in its community banking model. This is supported by a significant physical footprint and investment in personnel.

The company's physical presence is extensive across its primary operating regions. As of late 2025, BancFirst Corporation operates a network spanning over 100 banking locations. Specifically, the Oklahoma state-chartered bank has 104 banking locations serving 59 communities across Oklahoma. Furthermore, the Texas subsidiaries add 7 more locations across the Dallas and Fort Worth Metroplex areas and Denton. This physical network supports the high-touch service model for its $12.1 billion in total deposits as of September 30, 2025.

The commitment to personalized service is reflected in operational expenses. Noninterest expense in the third quarter of 2025 reached $92.1 million, which included a $3.5 million increase in salaries and employee benefits, reflecting the investment in staff required for relationship management.

The relationship focus manifests across service tiers:

• Dedicated relationship managers for commercial and private banking clients are the backbone of business services.
• High-touch, personalized service is delivered through the extensive local branch network.
• The bank supports its community focus with programs for local businesses and financial literacy.

For automated service, BancFirst Corporation has introduced new features to its online and mobile banking platforms, enhancing user interfaces and security measures. For direct support outside of standard hours, the Customer Service Call Center is available from 8 am to 10 pm. For automated account information, the BancFirst Daily Data Line operates 24-hour service.

Advisory relationships are managed through the Wealth Management and Trust Services segment. This segment contributed positively to the bank's performance, with trust revenue increasing in the third quarter of 2025. The trust division, BancFirst Trust & Investment Management, manages significant assets, with its latest disclosed 13F portfolio valued at $262,945,590 as of September 30, 2025.

Here is a look at the asset allocation within the managed equity portfolio for BancFirst Trust & Investment Management as of Q3 2025:

Industry Sector	Portfolio Percentage (Stocks)	Portfolio Value (Approximate)
NATIONAL COMMERCIAL BANKS	43.4%	$114.1 Million
PETROLEUM REFINING	15.0%	$39.4 Million
RETAIL-VARIETY STORES	12.8%	$33.6 Million
Financials (Overall Sector Allocation)	56.7%	$149.1 Million

The noninterest income for Q3 2025 was $49.9 million, which included gains from trust revenue, treasury income, sweep fees, and securities transactions. The allowance for credit losses to total loans was 1.20% at September 30, 2025.

BancFirst Corporation (BANF) - Canvas Business Model: Channels

You're looking at how BancFirst Corporation gets its services-from checking accounts to wealth management-into the hands of its customers across its operating footprint as of late 2025. The strategy blends a deep, local physical presence with necessary digital tools.

Physical branch network (BancFirst, Pegasus Bank, Worthington Bank) is the backbone, especially in Oklahoma, where the company claims more Oklahoma households bank with them than any other bank. This network is decentralized to support a relationship banking approach.

Entity	Primary State(s)	Reported Banking Locations	Geographic Focus Detail
BancFirst	Oklahoma	104	Communities across 59 Oklahoma communities, including MSAs of Oklahoma City, Tulsa, Muskogee, and Lawton.
Pegasus Bank	Texas	Subset of 8 total TX locations	Dallas metropolitan area.
Worthington Bank	Texas	Subset of 8 total TX locations	Arlington, Fort Worth, and Denton, Texas areas.

The total physical footprint across the three banks adds up to a significant number of access points, supporting the company's total assets of $14.2 billion as of Q3 2025.

Digital banking channels (online and mobile applications) provide the necessary convenience layer. While specific user adoption rates aren't public, this centralized technology platform is designed to streamline operations across the various physical offices.

• Online banking access for account management.
• Mobile applications for on-the-go banking functions.
• Centralized technology platform supporting all digital delivery.

Internal sales force for commercial and private banking is supported by the overall employee base. The total headcount for BancFirst Corporation stood at 2,135 employees as of early 2025.

ATMs and telephone banking services round out the basic transactional access points. BancFirst maintains a network of more than 350 ATMs across Oklahoma, including placement within all Oklahoma Walgreens stores. Telephone banking remains a standard, though less emphasized, channel.

BancFirst Investment Services and BancFirst Insurance Services subsidiaries serve as key channels for fee-based revenue streams, moving beyond pure lending and deposit gathering. Trust assets under management for BancFirst were reported at $11.5 billion. The insurance agency specializes in commercial lines and was noted as one of the 2024 Top 100 Property/Casualty Agencies by Insurance Journal. These services help generate noninterest income, which for Q3 2025 was $49.9 million.

Finance: draft 13-week cash view by Friday.

BancFirst Corporation (BANF) - Canvas Business Model: Customer Segments

You're looking at the core groups BancFirst Corporation serves to generate its $125.6 million in net interest income for the three months ended September 30, 2025.

Small to mid-sized businesses and commercial real estate investors

This segment drives a significant portion of the $8.3 billion in total loans held for investment as of September 30, 2025. The lending focus here is broad, covering the needs of established enterprises and property investors across their operating footprint.

The loan book supporting these clients includes specific categories:

• Commercial and industrial loans
• Commercial real estate owner occupied loans
• Commercial real estate non-owner occupied loans
• Construction and development loans

Retail customers across Oklahoma and the Dallas/Fort Worth Metroplex

Retail customers provide the foundation for the $12.1 billion in deposits reported on September 30, 2025. BancFirst Corporation maintains a strong physical presence to serve this segment.

Geographic reach and scale for retail and community banking include:

Entity	Primary Market	Locations as of Q3 2025
BancFirst (Oklahoma bank)	Oklahoma	104 banking locations serving 59 communities
Pegasus Bank / Worthington Bank	Texas (Dallas/Fort Worth Metroplex)	Locations integrated within the Texas operations

Retail customers use a variety of deposit products, including checking, savings, money market, and certificates of deposit.

High-net-worth individuals utilizing wealth management and trust services

This group is served through BancFirst Investment Services and BancFirst Trust and Investment Management. The managed investment portfolio value provides a concrete measure of this segment's scale.

For the reporting period ending September 30, 2025, the 13F portfolio value managed by BancFirst Trust & Investment Management was $262,945,590.

Key service offerings for this segment include:

• Investment management
• Fiduciary and trust services
• Estate administration

The Trust revenue for the third quarter of 2025 showed an increase compared to the third quarter of 2024, indicating growth in this service line.

Agricultural and energy sector businesses in the core Oklahoma market

BancFirst Corporation dedicates specialized lending expertise to key Oklahoma industries. This focus is reflected in specific loan types on the balance sheet.

The loan portfolio composition relevant to these sectors includes:

Sector Focus	Loan Type Mentioned	Balance Sheet Relevance (as of 09/30/2025)
Agricultural	Agricultural loans	Part of the $8.3 billion total loans
Energy	Oil and gas loans	Part of the $8.3 billion total loans

The industry allocation within the Trust & Investment Management portfolio also shows concentration in related areas, with 20.79% in Petroleum Refining as of Q3 2025.

Community and municipal organizations

BancFirst Corporation supports local governance and non-profit entities through specialized services beyond standard commercial banking. This segment is crucial for maintaining the bank's community-centric value proposition.

Services provided to these organizations include:

• Bond trustee business for various Oklahoma municipalities
• Paying agent services for governmental entities
• Depository and funds transfer services

The bank's overall structure includes BancFirst Community Banks, which are designed to cater directly to the needs of smaller communities.

BancFirst Corporation (BANF) - Canvas Business Model: Cost Structure

You're looking at the expense side of BancFirst Corporation's operations as of late 2025. This is where the rubber meets the road for a community-focused bank; costs are directly tied to maintaining a physical presence and managing credit risk.

A major chunk of the operating outlay is personnel. Employee salaries and benefits are a significant driver of the total Noninterest Expense. For the quarter ended September 30, 2025, BancFirst Corporation reported Noninterest Expense grew to $92.1 million. This increase, compared to $86.7 million in the same quarter in 2024, was primarily due to a growth in salaries and employee benefits amounting to $3.5 million.

The physical footprint is a fixed cost anchor. Occupancy and equipment costs are substantial because BancFirst Corporation maintains a wide network. The main subsidiary, BancFirst, operates 104 banking locations serving 59 communities across Oklahoma. To be fair, the total network includes Pegasus Bank with three locations in the Dallas Metroplex and Worthington Bank with five locations across the Fort Worth area, Arlington, and Denton, Texas, bringing the total physical locations to at least 112. You've got to pay for the real estate and the tech that runs it all.

Credit risk management is a direct, variable cost. The company recorded a Provision for credit losses on loans of $4.2 million in the third quarter of 2025. This was an increase from the $3.0 million set aside in the third quarter of 2024, showing management's increased caution about potential economic challenges.

Interest expense paid on customer deposits and borrowings is the other massive cost center, though we see its net effect rather than the gross cost. For Q3 2025, Net Interest Income was $125.6 million, up from $115.0 million the prior year, indicating that interest paid on liabilities is a fluctuating, but large, component of the overall cost of funds. The Net Interest Margin was reported at 3.79% for Q3 2025.

Finally, there are the professional and compliance overheads. Increases in other noninterest expense were driven primarily by professional fees, which, alongside occupancy expense, also contributed to the rise in the total Noninterest Expense for the quarter. Regulatory compliance costs are baked into these professional fees.

Here's a quick snapshot of the key Q3 2025 expense and related items:

Cost Category	Financial Amount (Q3 2025)	Context/Detail
Total Noninterest Expense	$92.1 million	Compared to $86.7 million in Q3 2024.
Salaries and Employee Benefits Growth	$3.5 million increase	Primary driver of Noninterest Expense growth.
Provision for Credit Losses on Loans	$4.2 million	Up from $3.0 million in Q3 2024.
Net Interest Income (Proxy for Interest Costs)	$125.6 million	Net result after interest expense on deposits/borrowings.
BancFirst Subsidiary Branch Count	104	Locations for the main Oklahoma state-chartered bank.

The total asset base at September 30, 2025, stood at $14.2 billion. Finance: draft 13-week cash view by Friday.

BancFirst Corporation (BANF) - Canvas Business Model: Revenue Streams

You're looking at how BancFirst Corporation (BANF) brings in the money, and as of late 2025, the core is still traditional banking income. The primary driver remains the spread between what they earn on assets and what they pay out on liabilities. For the three months ended September 30, 2025, the Net Interest Income from loans and earning assets hit $125.6 million. This was up from $115.0 million in the same period last year, helped by higher loan volume and general growth in earning assets. The Net Interest Margin (NIM) for that quarter was 3.79%.

The secondary, but still significant, revenue bucket is Noninterest Income, which totaled $49.9 million for Q3 2025. This figure represents a solid increase from $48.7 million the prior year. Honestly, this shows the bank is getting more out of its fee-based services, which is a good sign for diversification. The overall reported revenue for the quarter, combining both streams, was $175.48 million.

Revenue Component	Q3 2025 Amount	Year-over-Year Trend (vs Q3 2024)
Net Interest Income	$125.6 million	Increased
Total Noninterest Income	$49.9 million	Increased
Total Reported Revenue	$175.48 million	Increased

The components driving that Noninterest Income are key to understanding the fee structure. You can see the direct contributions from managing client assets and providing transactional services. The performance metrics for the quarter were strong; the Return on Average Assets (ROAA) stood at 1.76%, and the Return on Average Equity (ROAE) was 14.18%.

Here's a look at the specific fee and non-interest revenue sources that make up that $49.9 million:

• Trust revenue was a positive contributor.
• Treasury income provided a lift.
• Sweep fees from client balances were up.
• Gains from securities transactions also increased.

We know that service charges on deposit accounts and other banking fees are a standard part of this mix, though the specific dollar amount isn't broken out separately from the $49.9 million total. Similarly, gains from securities transactions and insurance commissions are explicitly mentioned as growing areas within that noninterest income. Commercial loan origination and servicing fees definitely contribute to the overall fee income, reflecting the $8.3 billion in total loans on the books as of September 30, 2025.

Finance: draft 13-week cash view by Friday.