BancFirst Corporation (BANF) Bundle
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 PositionBancFirst 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 |
BancFirst maintains a comprehensive service offering targeting multiple customer segments.
- Commercial banking services
- Personal banking solutions
- Wealth management
- Digital banking platforms
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% |
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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