BancFirst

What BancFirst does

BancFirst Corporation is Oklahoma's largest state-chartered bank, publicly traded on the NASDAQ Global Select Market under ticker BANF, with corporate roots tracing to the Oklahoma Land Run of 1889 and headquartered at 100 N. Broadway in Oklahoma City. The holding company operates a primary Oklahoma state-chartered bank subsidiary alongside Texas state-chartered subsidiaries Pegasus Bank (Dallas) and Worthington Bank (Fort Worth), an independent insurance agency (BancFirst Insurance Services), and a Trust and Investment Management division. The bank serves more than 220,000 households across 64 Oklahoma communities through a network of 109 branch locations and 250+ ATMs, supported by a workforce of more than 2,000 employees.

The product platform spans personal banking (checking, savings, CDs, IRAs, debit cards, private banking), consumer and commercial lending (including specialized agribusiness, energy, SBA, home equity, mortgage, and credit card products), treasury management (information/payables/receivables/liquidity/fraud prevention), merchant services, international banking, and trust and wealth management services managing $12.2 billion in assets under administration. Distribution combines a traditional physical-branch community-banking model with omnichannel digital banking — iOS and Android mobile apps, Business Online Banking, contact-center support, and Interactive Teller Machines — supplemented by a Walgreens surcharge-free ATM partnership. Technology integrations rely on third-party partners including Mastercard (debit/credit network), Elan Financial Services/Visa (corporate credit cards), FIS (Trust Client Point portal), and WealthAccess (trust platform).

The business model is classic commercial banking: net interest income from loan portfolios and investment securities (offsetting interest paid on deposits), augmented by non-interest income from deposit service charges, trust and investment management fees, merchant processing fees, and mortgage banking revenue. Customers are segmented across Individual Consumers, Small to Medium Businesses, Large Commercial/Corporate, High Net Worth Individuals, Agriculture/Agricultural Operations, and Native American Communities, with commercial relationship managers providing dedicated coverage to business and government clients. Growth is delivered through a combination of organic relationship banking and disciplined in-market M&A, illustrated by the November 2025 acquisition of American Bank of Oklahoma (with Q1 2026 conversion) and the announced June 2026 acquisition of SpiritBank (a ~$939.6M-asset Tulsa community bank, expected to close Q4 2026). As of March 31, 2026, total corporate assets reached $15.1 billion.

Name

BancFirst

Legal name

BancFirst Corporation

Website

https://bancfirst.bank

Company type

Public

Founded year

1889

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

BancFirst is Oklahoma's largest state-chartered bank, publicly traded on NASDAQ as BANF, providing consumer, commercial, agricultural, SBA, and trust/wealth management services through 109 branches across 64 Oklahoma communities to over 220,000 households.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Offices of Bank Holding Companies (551111)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Community banking services
• Commercial lending
• Treasury management
• Wealth management
• SBA lending

Headquarters

HQ city

Oklahoma City

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Net Interest Income: Interest income from loan portfolio including commercial loans, real estate loans, consumer loans, and investment securities, offset by interest paid on deposits
2. Non-Interest Income: Fees from deposit account service charges, trust and investment management fees, merchant processing fees, mortgage banking revenue, and other banking services
3. Trust & Investment Management: Fiduciary services, wealth management, and retirement services generating fees on $12.2B in assets under administration
4. Commercial Lending: Term loans, working capital loans, construction loans, real estate loans, energy loans, agribusiness loans, and SBA loans to businesses

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

BancFirst is Oklahoma's largest state-chartered bank providing a full suite of personal and commercial banking services. It operates 109 branches across 64 Oklahoma communities serving 220,000+ households with deposits, consumer and commercial loans, treasury management, merchant services, SBA lending, agribusiness and energy loans, plus trust and investment management on $12.2 billion in assets under administration.

Product overview

BancFirst is a regional bank offering a comprehensive suite of banking products organized around personal banking (checking, savings, loans, credit cards, private banking), business banking (checking accounts, merchant services, treasury management, international banking), and trust & investment management services. The core banking platform is supplemented by digital banking through online and mobile channels, with insurance services offered through a wholly-owned subsidiary. Key products include multiple checking and savings account tiers, commercial and consumer lending (including SBA loans and specialized agribusiness/energy loans), merchant payment processing, and fiduciary services. The company operates primarily in Oklahoma with subsidiaries in Texas.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Personal checking account products including Loyalty Checking (with cell phone protection, accidental death insurance, roadside assistance, and overdraft fee waiver), Performance Checking (interest-bearing with check access), E-Connect Checking (card-based electronic account, no overdraft fees), and BancFree Checking (no balance or transaction fees). For individual consumers and households.
• Personal Savings Accounts Savings products including BancFirst Savings Account, Treasury Fund Account (tiered-rate for high balances), Just for Kids Savings Account, Coverdell Education Savings Account (ESA), and Health Savings Account (HSA). For individual consumers and households.
• Certificates of Deposit Time deposit accounts offering fixed interest rates for specified terms. For individual consumers seeking guaranteed returns.
• Individual Retirement Accounts Tax-advantaged retirement savings accounts including Traditional IRA and Roth IRA options. For individual consumers planning for retirement.
• Consumer Lending Products Personal loans, home equity loans and lines of credit, home mortgage loans, and personal credit cards. For individual consumers.
• Private Banking Banking services for high-net-worth individuals with personalized financial solutions.
• Business Checking Accounts Business checking including Business Essentials Checking (designed for low transaction volume) and Commercial Checking (for medium to high-volume businesses with competitive earnings credit and detailed monthly analysis). For small and medium-sized businesses.
• Commercial Loans Term loans, working capital loans, construction loans, real estate loans, energy loans, agribusiness loans, and SBA loans to businesses. For small, medium, and large commercial clients.
• SBA Loans Government-guaranteed small business loans under SBA 7(a) and other SBA loan programs. BancFirst is Oklahoma's #1 SBA originator for 34 consecutive years. For small businesses.
• Treasury Management Business cash management services including information management (EDI, business online banking, image services), payables (ACH, integrated payables, reconciliation services, corporate purchase card), receivables, liquidity solutions, and fraud prevention. For commercial customers.
• Merchant Services Payment processing solutions including point of sale (mobile, handheld, countertop, online), standard and bundled pricing for small businesses, and fraud prevention tools. For business merchants.
• International Banking Foreign exchange services and international transaction capabilities for business customers.
• Trust & Investment Management Wealth management, fiduciary services (estate planning, trust administration, guardianship), retirement services, and corporate trust services. Manages $12.2B in assets under administration. For high-net-worth individuals, families, and corporate trust clients.
• Insurance Services BancFirst Insurance Services provides personal and commercial insurance products through the company's wholly-owned insurance subsidiary.

Quantifiable outcome

• Oklahoma's #1 SBA lender for 34 consecutive years
• +2 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core, minor and major.

• MastercardcoreTechnology or IntegrationDebit and credit cards issued through Mastercard network with global acceptance at millions of merchants and ATMs worldwide.
• Elan Financial ServicescoreTechnology or IntegrationCredit card issuer and servicer for BancFirst business credit cards pursuant to Visa U.S.A. Inc. license.
• Pegasus BankcoreOthersTexas state-chartered bank subsidiary headquartered in Dallas, Texas, part of BancFirst Corporation structure.
• Worthington BankcoreOthersTexas state-chartered bank subsidiary headquartered in Fort Worth, Texas, part of BancFirst Corporation structure.
• BancFirst Insurance ServicescoreOthersIndependent insurance agency subsidiary providing personal and commercial insurance products.
• WalgreensminorChannel Partner/ Reseller/ DistributorSurcharge-free ATM access available at Walgreens locations throughout Oklahoma.
• Small Business Administration (SBA)coreStrategic or Co-development PartnerCertified SBA lender with Oklahoma's #1 originator status for 34 consecutive years for SBA 7(a) and other SBA loan programs.
• Farm Services Agency (FSA)coreStrategic or Co-development PartnerOklahoma's #1 in-state originator under the Farm Loan Program for agricultural lending.
• Bureau of Indian Affairs (BIA)coreStrategic or Co-development PartnerCertified under BIA Loan Program for over 30 years, banking more Native governments than any other Oklahoma bank.
• Visa U.S.A. Inc.coreTechnology or IntegrationLicensor for Visa business credit cards issued through Elan Financial Services.
• FIScoreTechnology or IntegrationTechnology provider for Trust Client Point portal enabling trust customers to access their accounts.
• Spirit BankCorp (SpiritBank)majorOthersPending acquisition of SpiritBank, a privately held community bank in Tulsa, Oklahoma with $939.6M in assets, $618.4M in loans, and $847.2M in deposits. Expected to close Q4 2026 pending regulatory approvals.

Scale indicators11 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Glacier Bancorp: Multi-state community bank holding company operating decentralized community bank subsidiaries. Comparable in M&A-driven growth strategy and community-bank operating model.
• Prosperity Bancshares: Texas-focused bank holding company with strong community banking footprint, similar asset size, and concentration in non-metro and suburban markets across the South-Central U.S.
• BOK Financial: Tulsa-headquartered bank holding company with $50B+ in assets operating in Oklahoma and surrounding states. Most directly comparable in geography, customer base, and energy-sector lending concentration, though larger in scale.
• First Financial Bankshares: Texas-based bank holding company operating community banks in non-metro markets with conservative underwriting and strong efficiency. Comparable in commercial/community banking focus and Texas/Oklahoma overlap through subsidiary markets.
• Independent Bank Group: Texas-based community bank holding company with comparable commercial and consumer banking mix, serving similar SMB and consumer customers in Texas and Oklahoma-adjacent markets.
• Commerce Bancshares: Missouri-headquartered bank holding company with similar community/commercial banking orientation, conservative credit profile, and comparable scale and operating geography.
• Cullen/Frost Bankers (Frost Bank): Texas-based regional bank holding company with similar relationship-banking model, comparable asset size, and focus on commercial/SMB lending. Closely aligned in business mix and conservative credit culture.
• Pinnacle Financial Partners: Tennessee-headquartered bank holding company known for relationship-driven commercial banking and SMB focus, with comparable asset size and similar branch-led distribution model.

Regional players

• Arvest Bank (Arvest Holdings): Arkansas-headquartered community bank holding company with similar relationship-banking model and regional focus, primarily serving Arkansas, Oklahoma, and neighboring states — a near-geographic peer.

Broad incumbents

• JPMorgan Chase: Largest U.S. bank with significant SMB, treasury management, and wealth management offerings overlapping with BancFirst's product set, particularly in commercial banking and merchant services. Competes indirectly via digital channels.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/BancFirstOklahoma
• Facebookfacebook.com/bancfirst
• LinkedInlinkedin.com/company/bancfirst/mycompany
• Instagraminstagram.com/bancfirstok
• Xx.com/bancfirstok

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BancFirst