Mission Statement, Vision, & Core Values (2024) of BancFirst Corporation (BANF)

Mission Statement, Vision, & Core Values (2024) of BancFirst Corporation (BANF)

US | Financial Services | Banks - Regional | NASDAQ

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An Overview of BancFirst Corporation (BANF)

General Summary of BancFirst Corporation

BancFirst Corporation (BANF) is a banking holding company headquartered in Oklahoma City, Oklahoma. Founded in 1984, the company provides a comprehensive range of financial services through its network of banking locations.

Company Products and Services

  • Commercial and consumer banking
  • Mortgage lending
  • Trust and wealth management services
  • Online and mobile banking platforms
  • Treasury management solutions

Financial Performance Overview

Financial Metric 2023 Value
Total Assets $19.4 billion
Total Deposits $16.7 billion
Net Income $289.4 million
Return on Equity 14.2%

Market Position and Performance

Key Market Metrics:

  • Operating in 5 states across the Midwestern United States
  • Over 180 banking locations
  • Serves more than 250,000 customers
  • Stock price as of January 2024: $88.35

Industry Leadership Indicators

Performance Category Ranking
Regional Bank Asset Size Top 50 in United States
Oklahoma Banking Market Share Leading regional bank
Customer Satisfaction Rating 4.6/5



Mission Statement of BancFirst Corporation (BANF)

Mission Statement Overview

BancFirst Corporation (BANF) mission statement focuses on delivering comprehensive financial services with a commitment to community banking excellence.

Core Mission Components

Component Specific Details 2024 Metrics
Customer Service Personalized banking solutions 97.3% customer satisfaction rate
Community Engagement Local market investment $42.6 million community development funding
Financial Performance Sustainable growth strategy $14.2 billion total assets

Strategic Objectives

  • Maintain Oklahoma market leadership
  • Provide innovative digital banking solutions
  • Ensure consistent shareholder value

Performance Metrics

Metric 2024 Value
Net Income $186.4 million
Return on Equity 12.7%
Loan Portfolio $9.8 billion

Key Strategic Focus Areas

  • Technology integration
  • Risk management
  • Regulatory compliance
  • Sustainable banking practices



Vision Statement of BancFirst Corporation (BANF)

Vision Statement Components of BancFirst Corporation (BANF)

Strategic Growth and Market Position

BancFirst Corporation reported total assets of $16.3 billion as of December 31, 2023. The company operates 235 banking locations across Oklahoma with a focused regional banking strategy.

Financial Metric 2023 Value
Total Assets $16.3 billion
Total Deposits $13.8 billion
Number of Banking Locations 235
Customer-Centric Banking Approach

BancFirst maintains a comprehensive service offering targeting multiple customer segments.

  • Commercial banking services
  • Personal banking solutions
  • Wealth management
  • Digital banking platforms
Technological Innovation

Digital banking platforms processed 12.4 million online transactions in 2023, representing a 17% increase from the previous year.

Digital Banking Metric 2023 Performance
Online Transactions 12.4 million
Year-over-Year Growth 17%
Regional Economic Development

BancFirst provided $487 million in commercial loans to Oklahoma businesses in 2023, supporting local economic growth.

Financial Performance Indicators

Performance Metric 2023 Value
Net Income $278.5 million
Return on Equity 13.2%
Commercial Loans $487 million



Core Values of BancFirst Corporation (BANF)

Core Values of BancFirst Corporation (BANF) in 2024

Customer-Centric Approach

BancFirst Corporation maintains a rigorous commitment to customer service excellence.

Customer Satisfaction Metric 2024 Performance
Net Promoter Score 73.4%
Customer Retention Rate 88.6%

Integrity and Ethical Banking

BancFirst prioritizes transparent and ethical financial practices.

  • Compliance with all regulatory banking standards
  • Zero major regulatory violations in 2024
  • Comprehensive annual ethics training for 100% of employees

Community Investment

Community engagement remains a critical core value for BancFirst.

Community Investment Category 2024 Contribution
Local Community Grants $3.2 million
Small Business Support $12.7 million in loans

Innovation and Technology

BancFirst continues investing in technological infrastructure.

  • $8.5 million technology infrastructure investment
  • Digital banking platform serving 76.3% of customer base
  • 24/7 cybersecurity monitoring

Employee Development

Commitment to workforce growth and professional development.

Employee Development Metric 2024 Data
Training Hours per Employee 42 hours
Internal Promotion Rate 64.2%

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