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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 03, 2022

 

 

BancFirst Corporation

(Exact name of Registrant as Specified in Its Charter)

 

 

Oklahoma

0-14384

73-1221379

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

100 N. Broadway Ave.

 

Oklahoma City, Oklahoma

 

73102-8405

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 405 270-1086

 

None

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock, $1.00 Par Value Per Share

 

BANF

 

NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

Item 7.01 Regulation FD Disclosure.

BancFirst Corporation Announces End of Year Assets Under Ten Billion.

 

As disclosed in the Company’s previous annual and quarterly reports, it was likely that the Company would exceed $10 billion in total assets at December 31, 2021, which would have resulted in a material decrease in debit card interchange fee revenue in 2022. However, the Company’s year-end sweep program was successful, and total assets were reduced below $10 billion at December 31, 2021. If current deposit growth trends continue into 2022 it is unlikely that the Company will be able to be below $10 billion in total assets again at December 31, 2022, and accordingly debit card interchange fee revenue would be materially reduced in 2023.

 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

 

BANCFIRST CORPORATION

 

 

 

 

Date:

January 3, 2022

By:

/s/ Kevin Lawrence

 

 

 

Kevin Lawrence
Executive Vice President
Chief Financial Officer