Results of Operations and Selected Financial Information |
The results of operations and selected financial information for the six business units are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BancFirst Metropolitan Banks |
|
|
BancFirst Community Banks |
|
|
Pegasus |
|
|
Worthington |
|
|
Other Financial Services |
|
|
Executive, Operations & Support |
|
|
Eliminations |
|
|
Consolidated |
|
|
|
(Dollars in thousands) |
|
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income |
|
$ |
120,226 |
|
|
$ |
229,196 |
|
|
$ |
51,277 |
|
|
$ |
17,395 |
|
|
$ |
4,164 |
|
|
$ |
2,198 |
|
|
$ |
— |
|
|
$ |
424,456 |
|
Provision for/(benefit from) credit losses |
|
|
4,836 |
|
|
|
2,331 |
|
|
|
(328 |
) |
|
|
564 |
|
|
|
79 |
|
|
|
(24 |
) |
|
|
— |
|
|
|
7,458 |
|
Noninterest income |
|
|
24,793 |
|
|
|
70,824 |
|
|
|
1,646 |
|
|
|
1,170 |
|
|
|
52,711 |
|
|
|
250,968 |
|
|
|
(216,704 |
) |
|
|
185,408 |
|
Depreciation and amortization |
|
|
2,347 |
|
|
|
10,514 |
|
|
|
804 |
|
|
|
496 |
|
|
|
481 |
|
|
|
7,547 |
|
|
|
— |
|
|
|
22,189 |
|
Other expenses |
|
|
46,329 |
|
|
|
123,554 |
|
|
|
20,084 |
|
|
|
13,636 |
|
|
|
37,495 |
|
|
|
70,293 |
|
|
|
(1,122 |
) |
|
|
310,269 |
|
Income before taxes |
|
$ |
91,507 |
|
|
$ |
163,621 |
|
|
$ |
32,363 |
|
|
$ |
3,869 |
|
|
$ |
18,820 |
|
|
$ |
175,350 |
|
|
$ |
(215,582 |
) |
|
$ |
269,948 |
|
Total assets |
|
$ |
3,598,888 |
|
|
$ |
7,012,905 |
|
|
$ |
1,280,618 |
|
|
$ |
600,364 |
|
|
$ |
121,601 |
|
|
$ |
1,307,714 |
|
|
$ |
(1,550,048 |
) |
|
$ |
12,372,042 |
|
Capital expenditures |
|
$ |
2,752 |
|
|
$ |
5,156 |
|
|
$ |
528 |
|
|
$ |
5,497 |
|
|
$ |
108 |
|
|
$ |
8,463 |
|
|
$ |
— |
|
|
$ |
22,504 |
|
December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income |
|
$ |
97,728 |
|
|
$ |
208,728 |
|
|
$ |
46,439 |
|
|
$ |
14,919 |
|
|
$ |
8,065 |
|
|
$ |
(2,226 |
) |
|
$ |
20 |
|
|
$ |
373,673 |
|
(Benefit from)/provision for credit losses |
|
|
2,186 |
|
|
|
2,451 |
|
|
|
2,840 |
|
|
|
(43 |
) |
|
|
(161 |
) |
|
|
2,803 |
|
|
|
— |
|
|
|
10,076 |
|
Noninterest income |
|
|
32,756 |
|
|
|
72,385 |
|
|
|
1,026 |
|
|
|
1,034 |
|
|
|
50,643 |
|
|
|
223,844 |
|
|
|
(197,941 |
) |
|
|
183,747 |
|
Depreciation and amortization |
|
|
2,821 |
|
|
|
10,453 |
|
|
|
789 |
|
|
|
398 |
|
|
|
519 |
|
|
|
7,068 |
|
|
|
— |
|
|
|
22,048 |
|
Other expenses |
|
|
42,583 |
|
|
|
117,248 |
|
|
|
19,013 |
|
|
|
9,280 |
|
|
|
36,271 |
|
|
|
64,325 |
|
|
|
(856 |
) |
|
|
287,864 |
|
Income before taxes |
|
$ |
82,894 |
|
|
$ |
150,961 |
|
|
$ |
24,823 |
|
|
$ |
6,318 |
|
|
$ |
22,079 |
|
|
$ |
147,422 |
|
|
$ |
(197,065 |
) |
|
$ |
237,432 |
|
Total assets |
|
$ |
3,412,369 |
|
|
$ |
6,886,066 |
|
|
$ |
1,404,033 |
|
|
$ |
541,002 |
|
|
$ |
171,679 |
|
|
$ |
1,473,443 |
|
|
$ |
(1,500,729 |
) |
|
$ |
12,387,863 |
|
Capital expenditures |
|
$ |
2,026 |
|
|
$ |
10,146 |
|
|
$ |
311 |
|
|
$ |
262 |
|
|
$ |
67 |
|
|
$ |
6,973 |
|
|
$ |
— |
|
|
$ |
19,785 |
|
December 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income |
|
$ |
77,840 |
|
|
$ |
180,925 |
|
|
$ |
24,222 |
|
|
$ |
— |
|
|
$ |
35,244 |
|
|
$ |
(3,295 |
) |
|
$ |
721 |
|
|
$ |
315,657 |
|
Provision for credit losses |
|
|
(5,474 |
) |
|
|
(4,694 |
) |
|
|
1,395 |
|
|
|
— |
|
|
|
109 |
|
|
|
(26 |
) |
|
|
— |
|
|
|
(8,690 |
) |
Noninterest income |
|
|
23,257 |
|
|
|
65,600 |
|
|
|
1,448 |
|
|
|
— |
|
|
|
47,124 |
|
|
|
203,005 |
|
|
|
(170,402 |
) |
|
|
170,032 |
|
Depreciation and amortization |
|
|
2,593 |
|
|
|
10,483 |
|
|
|
782 |
|
|
|
— |
|
|
|
557 |
|
|
|
5,626 |
|
|
|
— |
|
|
|
20,041 |
|
Other expenses |
|
|
39,356 |
|
|
|
110,574 |
|
|
|
15,317 |
|
|
|
— |
|
|
|
60,435 |
|
|
|
41,199 |
|
|
|
(941 |
) |
|
|
265,940 |
|
Income before taxes |
|
$ |
64,622 |
|
|
$ |
130,162 |
|
|
$ |
8,176 |
|
|
$ |
— |
|
|
$ |
21,267 |
|
|
$ |
152,911 |
|
|
$ |
(168,740 |
) |
|
$ |
208,398 |
|
Total assets |
|
$ |
2,627,874 |
|
|
$ |
5,821,220 |
|
|
$ |
1,045,699 |
|
|
$ |
— |
|
|
$ |
71,694 |
|
|
$ |
1,201,974 |
|
|
$ |
(1,362,849 |
) |
|
$ |
9,405,612 |
|
Capital expenditures |
|
$ |
1,612 |
|
|
$ |
7,390 |
|
|
$ |
363 |
|
|
$ |
— |
|
|
$ |
400 |
|
|
$ |
17,486 |
|
|
$ |
— |
|
|
$ |
27,251 |
|
|