14
Shareholders’ Meeting May 24, 2018
• Total Assets: $7.6 billion
• Total Equity: $838 million
• 159,000 Oklahoma Households
• 36,000 Oklahoma Businesses
• 1,880+ Employees
• Largest State Chartered Bank in Oklahoma
• Symbol BANF on NASDAQ Global Select
BancFirst Corporation
4
Balance Sheet
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
Total Assets ($ in Millions)
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
Total Deposits ($ in Millions)
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
Total Loans ($ in Millions)
$0$100$200$300$400$500$600$700$800$900
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
Equity ($ in Millions)
Demand Deposits39%
Interest-Bearing Transaction
Accounts, 12%
Treasury Fund (MMDA)
28%
Other Savings10%
CDs < $250,0009%
CDs > $250,0002%
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Metro Areas, 47%
Community Banks, 53%
Retail, 78%
Commercial, 22%
Deposit Mix
• Beta of all deposits was 0.48 for 1st quarter 2018 and 0.20 over last 5 rate increases (125 basis points since December 2015).
NOTE: Basel III became effective on 1/1/2015
Capital Ratios
7
Basel III BancFirst BancFirst Well
(Bank) Corp Capitalized
Total Capital/Risk Assets 13.46% 15.48% > 10.00%
Common Equity Tier 1/Risk 12.10% 13.93% > 6.50%Assets
Tier 1 Capital/Risk Assets 12.48% 14.51% > 8.00%
Leverage Ratio 8.96% 10.43% > 5.00%(Tier 1 Capital/TA)
March 31, 2018
Commercial, 18%
RE 1-4 Family, 19%
RE Comm -Investor, 19%
RE Comm -Owner Occupied,
13%
RE Constr, 10% RE Other, 6%Consumer, 5%
Agriculture, 3%
Direct Energy, 2%
Indirect Energy, 1%
Other, 4%
8
Loan Portfolio Composition
Metro Areas, 50%
Community Banks, 50%
Commercial, 84%
Retail, 16%
Income Statement
0.45 0.45 0.50 0.59 0.61 0.57 0.69
0.80 0.84 1.02 1.00
1.17 1.34
1.54 1.67
1.43
1.05
1.35 1.47
1.68 1.75 2.02 2.09
2.22
2.65
0.680.89
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Q1
2017
Q1
2018
Earnings Per Share
$0
$20
$40
$60
$80
$100
$120
$140
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Q1
2017
Q1
2018
Noninterest Income
0.060.070.080.090.110.130.150.170.180.200.240.270.30
0.340.38
0.420.450.480.52
0.560.60
0.650.70
0.740.8
$0.00$0.10$0.20$0.30$0.40$0.50$0.60$0.70$0.80$0.90
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Dividends Declared
$0
$50
$100
$150
$200
$250
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Q1
2017
Q1
2018
Net Interest Income
10
($30,000)
($20,000)
($10,000)
$0
$10,000
$20,000
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Volume/Rate Analysis
Volume Rate
Change in Net Interest Income
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Service Charges NSF Fees Insurance CommTrust Cash Mgmt Loan Sales
Non-interest Income Composition
-500%
0%
500%
1000%
1500%
2000%
BANF
S&P 500
KBW Bank Index
12
• Average increase in common stock price since IPO has been 12.6% vs. S&P 500 of 6.8% and KBW Bank Index of 4.4%
• BancFirst has a beta of 0.61
Stock Performance vs. the General Market since IPO
One of America’s Strongest Banks
13
Forward-Looking StatementsThis 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 2016 and other filings with the Securities and Exchange Commission.
