BancFirst
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.
- Company typePublic
- Founded1889
- HeadquartersOklahoma City, United States
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
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.
BancFirst firmographics
Firmographics- 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
BancFirst industry classification
Industry- 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
Where BancFirst is headquartered
LocationHeadquarters
- HQ city
- Oklahoma City
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
BancFirst business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- 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
- Non-Interest Income: Fees from deposit account service charges, trust and investment management fees, merchant processing fees, mortgage banking revenue, and other banking services
- Trust & Investment Management: Fiduciary services, wealth management, and retirement services generating fees on $12.2B in assets under administration
- Commercial Lending: Term loans, working capital loans, construction loans, real estate loans, energy loans, agribusiness loans, and SBA loans to businesses
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Personal Checking Accounts - Multiple tiers from free to premium |
| Subscription | Monthly | Savings Accounts - Tiered by balance requirements |
| Usage-based | Monthly | Business Checking - Volume-based pricing |
| Transaction based/ take rate | Pay-as-you-go | Commercial Loans - Market rate lending |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels5 records
BancFirst product offering
Product offeringCore 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
Companies that use BancFirst
Customer profileNamed customers5 records
Segments6 records
Ideal customer profiles5 records
BancFirst technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature4 records
BancFirst partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core, minor and major.
- MastercardcoreDebit and credit cards issued through Mastercard network with global acceptance at millions of merchants and ATMs worldwide.
- Elan Financial ServicescoreCredit card issuer and servicer for BancFirst business credit cards pursuant to Visa U.S.A. Inc. license.
- Pegasus BankcoreTexas state-chartered bank subsidiary headquartered in Dallas, Texas, part of BancFirst Corporation structure.
- Worthington BankcoreTexas state-chartered bank subsidiary headquartered in Fort Worth, Texas, part of BancFirst Corporation structure.
- BancFirst Insurance ServicescoreIndependent insurance agency subsidiary providing personal and commercial insurance products.
- WalgreensminorSurcharge-free ATM access available at Walgreens locations throughout Oklahoma.
- Small Business Administration (SBA)coreCertified 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)coreOklahoma's #1 in-state originator under the Farm Loan Program for agricultural lending.
- Bureau of Indian Affairs (BIA)coreCertified under BIA Loan Program for over 30 years, banking more Native governments than any other Oklahoma bank.
- Visa U.S.A. Inc.coreLicensor for Visa business credit cards issued through Elan Financial Services.
- FIScoreTechnology provider for Trust Client Point portal enabling trust customers to access their accounts.
- Spirit BankCorp (SpiritBank)majorPending 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
BancFirst competitors and assessment
Company assessmentDirect 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
BancFirst social profiles
Digital presenceBancFirst compliance and trust
Trust signalCompliance2 records
BancFirst financial estimates
Financial estimateRevenue estimate
Valuation estimate
BancFirst leadership team
Management profileNumber of profiles
Profiles2 records
BancFirst subsidiaries and ownership
Company hierarchySubsidiaries7 records
BancFirst funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BancFirst M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BancFirst
What does BancFirst do?
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.
Is BancFirst a public or private company?
BancFirst is a public company. It is classified as public and is currently operating.
When was BancFirst founded?
BancFirst was founded in 1889. It employs 1,001 to 5,000 people.
Where is BancFirst based?
BancFirst is headquartered in Oklahoma City, United States, in the North America region.
How does BancFirst make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are non-Interest Income, trust & Investment Management and commercial Lending.
Who are BancFirst's main competitors?
Direct peers on record are Glacier Bancorp, Prosperity Bancshares, BOK Financial, First Financial Bankshares, Independent Bank Group, Commerce Bancshares, Cullen/Frost Bankers (Frost Bank) and Pinnacle Financial Partners. Arvest Bank (Arvest Holdings) is listed as a regional player. JPMorgan Chase is listed as a broad incumbent.
Does BancFirst have an API?
No public API is recorded for BancFirst.
What industry is BancFirst in?
BancFirst's product category is Retail Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 52211 and its SIC code is 6022.