8-K

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) February 25, 2010

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)	(I.R.S. Employer Identification No.)
101 North Broadway, Oklahoma City, Oklahoma		73102
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code (405) 270-1086

(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 (see General Instruction A.2. below):

¨ 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))

Item 7.01 Regulation FD Disclosure

A representative of the registrant made a presentation at KBW’s 2010 Regional Bank Conference on February 24, 2010. A copy of the materials discussed at the presentations is being furnished as Exhibit 99 to this report, and is incorporated in its entirety herein by reference.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits.

Exhibit No.	Description
99.1	BancFirst Corporation Investor Presentation

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 hereunto duly authorized.

BANCFIRST CORPORATION

(Registrant)

Date: February 25, 2010	/s/    JOE T. SHOCKLEY, JR.
	(Signature)
	Joe T. Shockley, Jr.
	Executive Vice President
	Chief Financial Officer

EX-99.1

Exhibit 99.1

BancFirst Corporation

Super Community Bank

Total Assets:  $4.4 billion

Total Equity:  $430 million

1,500+ Employees

Largest State Chartered Bank in Oklahoma

Symbol BANF on NASDAQ Global Select

Locations

Mergers and Acquisitions

Community Profile

Population of 5,000 or more residents

Institution of Higher Learning

Diversified Employment Base

Reasonable Market Share

Compatible Culture

Oklahoma Companies

•

Largest Employers

EMPLOYER  

EMPLOYEES

–

State of OK

37,000

–

Wal-Mart

30,000

–

Tinker AFB

27,000

–

Fort Sill

21,400

–

USPS

16,500

–

OU

13,000

–

OSU

12,000

–

American Airlines

7,500

–

Tulsa Public Schools

7,000

–

Chickasaw Nation

6,000

–

Cherokee Nation

5,900

–

Choctaw Nation

5,000

–

OKC Schools

5,000

•

Largest Public

Companies

COMPANY 

MARKET CAP ($B)

–

Devon Energy

$31.0

–

Chesapeake

17.1

–

Williams Co

13.1

–

Continental Resources     6.8

–

Helmerich & Payne

4.7

–

Magellan Midstream

4.7

–

ONEOK Inc

4.5

–

OGE Energy

3.6

–

BOK Financial

3.2

–

Unit Corp

2.3

–

Arena Resources

1.6

–

SandRidge

1.6

Corporate Management

Decentralized Bank Management

Company Overview

$823

$873

$1,048

$1,236

$1,346

$2,336

$2,336

$2,570

$2,757

$2,797

$2,921

$3,047

$3,223

$3,419

$3,743

$3,851

$4,416

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

$4,500

1993

1995

1997

1999

2001

2003

2005

2007

2009

Total Assets

(in millions)

$466

$522

$625

$764

$858

$1,339

$1,455

$1,666

$1,717

$1,815

$1,947

$2,094

$2,317

$2,326

$2,487

$2,724

$2,739

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

1993

1995

1997

1999

2001

2003

2005

2007

2009

Total Loans

(in millions)

Loan Portfolio Composition

Source: BancFirst Corporation 12/31/09 8-K

Composition

28%

3%

21%

19%

13%

7%

4%

3%

2%

RE Comm

Energy

RE 1-4 Family

Commercial

Consumer

RE Constr

RE Other

Agriculture

Other

Lending Concentrations

•

Maximum In-House Limit:      

$30 million

•

25 Largest Relationships

–

1 relationship                        

$32.6 million (approved overage)

–

1 relationship                         

$25-30 million

–

7 relationships                         

$20-25 million

–

4 relationships

$15-20 million

–

12 relationships

$10-15 million

Distribution:

Amount

Energy

Commercial

Real Estate

Stock/Notes

> $30MM

1

$25-30MM

1

$20-25MM

1                     1  

3  

2   

$15-20MM

4

$10-15MM

3

3

6

Specialized Lending

SBA

# 1 SBA Lender in Oklahoma for the last 17 years 

$293 million in loans generated over the past decade

Most experienced lending staff in Oklahoma

Home Mortgage

Student Lending

Oklahoma’s largest guaranteed student lender

Portfolio of over 50,000 loans equaling approximately $181 million

Funding loans on 40 plus Oklahoma campuses

Oklahoma vs US Single-Family       

Housing Permits

Oklahoma vs

US Non-farm Employment

-0.05%

0.05%

0.15%

0.25%

0.35%

0.45%

0.55%

0.65%

0.75%

0.85%

1993

1995

1997

1999

2001

2003

2005

2007

2009

BancFirst

Peer

Net Charge-offs/

Average Loans

FDIC Insured Institutions:

Net Charge-Offs to Loans & Leases

0.00

0.50

1.00

1.50

2.00

2003

2004

2005

2006

2007

2008

2009

US

Oklahoma

BancFirst

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

2006

2007

2008

2009

US

Oklahoma

BancFirst

Source: Federal Deposit Insurance Corporation

FDIC Insured Institutions:               

Nonaccrual loans to Loans and Leases

1.70%

1.56%

1.40%

1.47%

1.55%

1.52%

1.43%

1.34%

1.34%

1.23%

1.19%

1.19%

1.17%

1.24%

1.34%

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

1.40%

1.60%

1.80%

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

Loan Loss Reserve

as % of Loans

29%

12%

10%

49%

Demand Deposit

Transaction/Savings

CD  < $100,000

CD > $100,000

Deposit Mix

•

No brokered deposits

As of 12/31/2009

BancFirst Deposit Market Share

Location

Amount ($MM)

Market Share

Rank

•

Statewide

$3,177

5.51%

3

•

OKC MSA

1,115

5.64

4

•

Tulsa MSA

410

2.58

8

•

Lawton

192          22.98

1

•

Shawnee

148          25.49

2

•

Ardmore

154          21.36

2

•

Duncan

146          21.75

2

•

Stillwater

144          12.59

2

As of 6/30/2007

50%

55%

60%

65%

70%

75%

80%

85%

90%

95%

100%

2003

2004

2005

2006

2007

2008

2009

US

Oklahoma

BancFirst

Source: Federal Deposit Insurance Corporation

FDIC Insured Institutions:            

Average Loans to Deposits

Capital Ratios

December 31, 2009

12/31/2009

12/31/2008

12/31/2009

12/31/2008

BancFirst

BancFirst

BancFirst

BancFirst

Well

(Bank)

(Bank)

Corp

Corp

Total Capital/Risk Assets

14.18%

12.99%

14.96%

13.78%

> 10.00%

Tier 1 Capital/Risk Assets

12.93%

11.82%

13.73%

12.61%

> 6.00%

Leverage Ratio

8.71%

9.39%

9.23%

10.02%

> 5.00%

(Tier 1 Capital/TA)

Tang. Com. Eq./TA

8.65%

9.31%

8.56%

9.24%

> 3.00%

Net Income

$11.1

$11.5

$12.9

$15.1

$15.7

$21.6

$23.9

$26.2

$28.0

$33.6

$31.9

$37.2

$42.8

$49.4

$53.1

$44.8

$32.6

$0

$10

$20

$30

$40

$50

$60

1993

1995

1997

1999

2001

2003

2005

2007

2009

Net Interest Margin Comparison

2.00

2.50

3.00

3.50

4.00

4.50

5.00

2003

2004

2005

2006

2007

2008

2009

Date

All Banks

Over $5B

Under $5B

BancFirst

9%

55%

10%

4%

12%

10%

Trust Revenue

Service Charges

Insurance Commissions

Premium on sale of loans

Cash Management

Other

Noninterest Income

As of 12/312009

Financial Services

Cash Management Services

Council Oak Investment Corp.

-

Management Buyout

-

Mezzanine Capital/Financing

-

Acquisition/Generational Transfers

Brokerage and Investment Services

Full Service Trust Department

Wilcox Jones & McGrath

-

Full service insurance agency

Net Income Per Share

•

Net Income Per Share Adjusted for Stock Split (Fully Diluted)

$0.89

$0.90

$1.01

$1.17

$1.21

$1.14

$1.38

$1.60

$1.67

$2.03

$2.00

$2.33

$2.68

$3.07

$3.33

$2.85

$2.09

$0.00

$1.00

$2.00

$3.00

$4.00

1993

1995

1997

1999

2001

2003

2005

2007

2009

America’s Best Banks

Bank Director Magazine

BancFirst was the 18th top

performing  bank of the largest

publicly traded banks and thrifts

nationwide in 2009

Based on profitability,

capitalization and asset quality

metrics

Fourth consecutive year ranked

in top 20

Only Oklahoma bank

in top quartile

Source: Bank Director Magazine

Stock Performance vs

Regional Banks

-75.00%

-50.00%

-25.00%

0.00%

25.00%

50.00%

Jun-06

Dec-06

Jun-07

Dec-07

Jun-08

Dec-08

Jun-09

Dec-09

BANF

KBW Regional Bank Index

Stock Performance vs the

General Market since IPO

Average increase in common stock price since

IPO has been 11.7% vs. S&P 500 of 7.7%.

-200%

0%

200%

400%

600%

800%

1993

1995

1997

1999

2001

2003

2004

2006

2008

BANF

S&P 500

Summary

Strong Capital

Exceptional Liquidity

Consistent Management

No TARP

No FHLB Borrowings

Opportunities

Expand Market Share –

Oklahoma

Enter New Markets –

Contiguous States

Stock Buyback

Forward-Looking Statements

This presentation contains forward-looking statements within

the meaning of Section 27A of the Securities Act of 1933 and

Section 21E of the Securities Exchange Act of 1934 with

respect to earnings and other financial information, corporate

objectives, and other business matters.  Forward-looking

statements include estimates and give our current expectations

or forecasts of future events.  These forward-looking

statements are subject to numerous assumptions, risks and

uncertainties.  Actual results may differ materially.  These risks

and other factors are described more fully in the Company’s

Annual Report on Form 10-K for 2008 and other filings with the

Securities and Exchange Commission.