Group 1: Company Performance - BancFirst (BANF) has gained approximately 24.5% year-to-date, outperforming the average gain of 21.8% in the Finance group [9] - The Zacks Consensus Estimate for BancFirst's full-year earnings has increased by 4.9% over the past three months, indicating a positive earnings outlook [5] - BancFirst holds a Zacks Rank of 2 (Buy), suggesting strong potential for future performance [3][7] Group 2: Industry Comparison - BancFirst is part of the Banks - Southwest industry, which has seen an average gain of about 22.3% this year, indicating that BancFirst is performing better than its peers in this specific industry [4] - The Finance sector, which includes 871 companies, ranks 3 in the Zacks Sector Rank, reflecting overall strength within the sector [7] - In contrast, Brookfield Corp. (BN), which belongs to the Real Estate - Operations industry, has returned 44.2% year-to-date, while its industry has gained 18.5% [2][6]

Group 1: TPG RE Finance Trust (TRTX) - TPG RE Finance Trust is a commercial real estate finance company focusing on originating, acquiring, and managing commercial mortgage loans and related debt instruments, with a Zacks Consensus Estimate for current year earnings increasing by 1.8% over the last 60 days [1] Group 2: BancFirst (BANF) - BancFirst is a bank holding company providing a full range of commercial banking services to retail customers and small to medium-sized businesses, with a Zacks Consensus Estimate for current year earnings increasing nearly 2.1% over the last 60 days [5] Group 3: LATAM Airlines Group (LTM) - LATAM Airlines Group operates domestic and international passenger and cargo air services primarily in Chile, the United States, South Pacific, Europe, and Latin America, with a Zacks Consensus Estimate for current year earnings increasing nearly 26.4% over the last 60 days [7] Group 4: Dividend Yields - TPG RE Finance Trust has a dividend yield of 1.7%, compared to the industry average of 0.0% [2] - Another Zacks Rank 1 company has a dividend yield of 11.3%, compared to the industry average of 0.0% [4] - A different Zacks Rank 1 company has a dividend yield of 1.6%, compared to the industry average of 0.6% [3]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: BancFirst (BANF) - BancFirst currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, BANF shares increased by 13.19%, outperforming the Zacks Banks - Southwest industry, which rose by 6.6% [5] - In a longer timeframe, BANF shares have gained 20.11% over the past quarter and 39.87% over the last year, while the S&P 500 increased by 10.53% and 37.42%, respectively [6] Trading Volume - The average 20-day trading volume for BANF is 107,274 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for BANF have been revised upwards, raising the consensus estimate from $6.07 to $6.37 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions noted [9]

Group 1: Company Overview - BancFirst (BANF) is a stock that has shown strong performance compared to its peers in the Finance sector, gaining about 24% year-to-date [4] - The Zacks Rank for BancFirst is currently 1 (Strong Buy), indicating a favorable outlook based on earnings estimate revisions [3] Group 2: Sector and Industry Performance - The Finance sector, which includes 872 individual stocks, has an average year-to-date gain of approximately 23.3%, with BancFirst outperforming this average [4] - BancFirst is part of the Banks - Southwest industry, which has gained about 26.8% year-to-date, indicating that while BancFirst is performing well, it is slightly underperforming its specific industry [6] Group 3: Analyst Sentiment - The Zacks Consensus Estimate for BancFirst's full-year earnings has increased by 4.9% over the past quarter, reflecting improved analyst sentiment and a stronger earnings outlook [4]

Financial Performance - BancFirst Corporation reported total interest income of $187.65 million for the three months ended September 30, 2024, an increase of 17.2% compared to $160.23 million for the same period in 2023[6]. - Net interest income after provision for credit losses was $111.93 million for the three months ended September 30, 2024, up from $102.00 million in the same period last year, reflecting a growth of 9.5%[6]. - Noninterest income totaled $48.71 million for the three months ended September 30, 2024, compared to $44.45 million for the same period in 2023, marking an increase of 9.1%[6]. - Net income for the three months ended September 30, 2024, was $58.90 million, compared to $50.99 million for the same period in 2023, indicating a year-over-year increase of 15.4%[6]. - Basic earnings per share for the three months ended September 30, 2024, was $1.78, up from $1.55 in the same period last year, reflecting a growth of 14.8%[6]. - Total noninterest expense increased to $86.73 million for the three months ended September 30, 2024, from $81.22 million in the same period last year, representing a rise of 6.2%[6]. Equity and Dividends - Total stockholders' equity increased to $1.58 billion as of September 30, 2024, compared to $1.37 billion at the end of September 2023, showing a growth of 15.2%[7]. - The company declared dividends on common stock of $0.46 per share for the three months ended September 30, 2024, compared to $0.43 per share in the same period last year[7]. Interest and Expenses - BancFirst Corporation's total interest expense for the three months ended September 30, 2024, was $72.69 million, an increase from $55.92 million in the same period of 2023, reflecting a rise of 30.0%[6]. - The provision for credit losses increased to $10,404 from $7,458, indicating a rise of approximately 39.1% year-over-year[4]. Cash Flow and Investments - Cash provided by operating activities increased to $244,068, compared to $190,281 in the same period last year, marking an increase of about 28.3%[4]. - Cash receipts from the sale of loans originated for sale rose to $152,279, up from $118,786, reflecting a growth of approximately 28.2%[4]. - Net cash used in investing activities was $(388,422), an improvement from $(535,996) in the prior year, indicating a reduction of about 27.5%[4]. - The estimated fair value of total debt securities available for sale as of September 30, 2024, was $1,376,075, down from $1,553,905 at the end of 2023[18]. Loans and Credit Quality - Loans held for investment totaled $8,180,361 thousand as of September 30, 2024, representing an increase from $7,656,645 thousand as of December 31, 2023, indicating a growth of approximately 6.8%[24]. - Nonaccrual loans totaled $45,481 thousand as of September 30, 2024, a significant increase from $24,573 thousand as of December 31, 2023[31]. - The company monitors credit quality indicators including loan delinquencies and nonaccrual loans, which are reviewed regularly[34]. - The total past due loans as of September 30, 2024, amounted to $74,633 thousand, with $17,754 thousand past due for 30-59 days and $17,001 thousand for 60-89 days[32]. Charge-offs and Allowance for Credit Losses - Total current-period gross charge-offs reached $1,730 million, a significant increase compared to previous periods[39]. - The allowance for credit losses at the end of the period was $101,882 million, reflecting a provision for losses of $3,031 million during the current period[46]. - The provision for credit losses methodology follows the current expected credit loss (CECL) model, which is detailed in the company's Annual Report[44]. Capital Ratios - BancFirst Corporation's total capital to risk-weighted assets ratio was 17.53% as of September 30, 2024, significantly above the required 8.00%[73]. - The Common Equity Tier 1 Capital ratio for BancFirst Corporation was 15.48%, exceeding the required 4.50%[73]. Stock and Compensation - The Company issued $60 million in subordinated notes with a fixed interest rate of 3.50% per annum, maturing on June 30, 2036[58]. - The stock-based compensation expense for the nine months ended September 30, 2024, was $2,580, up from $2,077 in the same period of 2023[68]. - The total intrinsic value of options exercised in the nine months ended September 30, 2024, was $11,931, compared to $2,507 in the same period of 2023[66]. Market and Fair Value - The fair value of U.S. Treasury securities was $1,331,323,000, down from $1,498,045,000 as of December 31, 2023[82]. - The fair value of derivative assets as of September 30, 2024, was $26,376,000, while derivative liabilities were $24,717,000[82]. - The company’s policy is to recognize transfers in and out of Levels 1, 2, and 3 as of the end of the reporting period[84].

Core Viewpoint - BancFirst (BANF) has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Outlook - The Zacks rating upgrade indicates a positive earnings outlook for BancFirst, likely leading to increased buying pressure and a rise in stock price [2]. - BancFirst is projected to earn $6.37 per share for the fiscal year ending December 2024, reflecting a year-over-year change of 0.5% [5]. Earnings Estimate Revisions - Over the past three months, the Zacks Consensus Estimate for BancFirst has increased by 4.9%, indicating a steady rise in analysts' earnings estimates [5]. - The correlation between earnings estimate revisions and near-term stock movements is strong, suggesting that tracking these revisions can be beneficial for investment decisions [4]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [4]. - BancFirst's upgrade to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [6].

BancFirst (BANF) came out with quarterly earnings of $1.75 per share, beating the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $1.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.46%. A quarter ago, it was expected that this Oklahoma financial services holding company would post earnings of $1.42 per share when it actually produced earnings of $1.51, delivering a surprise of 6.34%.Over the las ...

Exhibit 99.1 100 N. Broadway Ave FOR IMMEDIATE RELEASE Oklahoma City, OK 73102 Thursday, October 17, 2024 www.bancfirst.bank BANCFIRST CORPORATION REPORTS THIRD QUARTER EARNINGS BancFirst Corporation (NASDAQ GS:BANF) reported net income of $58.9 million, or $1.75 per diluted share, for the third quarter of 2024 compared to net income of $51.0 million, or $1.52 per diluted share, for the third quarter of 2023. The Company's net interest income for the third quarter of 2024 increased to $115.0 million from $1 ...

OKLAHOMA CITY, Oct. 17, 2024 /PRNewswire/ -- BancFirst Corporation (NASDAQ GS:BANF) reported net income of $58.9 million, or $1.75 per diluted share, for the third quarter of 2024 compared to net income of $51.0 million, or $1.52 per diluted share, for the third quarter of 2023.The Company's net interest income for the third quarter of 2024 increased to $115.0 million from $104.3 million for the same period in 2023. Loan volume was the primary driver of the change in net interest income, but was partially o ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider BancFirst (BANF) . This company, which is in the Zacks Banks - Southwest industry, shows potential for another earnings beat.This Oklahoma financial services holding company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters ...