Steady income growth places BancFirst on banking honor roll
Steady profit growth has landed Oklahoma City-based BancFirst on a banking industry honor roll.
BancFirst made the KBW 2017 Bank Honor Roll, published by Keefe Bruyette & Woods, for the sixth consecutive year.
BancFirst is the only Oklahoma bank included, and one of only 16 banking institutions in the country, with a 10-year record that met KBW’s criteria for the 2017 Honor Roll. BancFirst is one of only nine banks that made the list the last two years out of 370 banks evaluated.
To qualify for the Honor Roll, banks must be publicly traded banking institutions with more than $500 million in total assets that meet the following conditions:
• No annual loss reported in net income per share before extraordinary items over the past 10 years.
• 2017 annual reported net income per share before extraordinary items equal to or greater than peak net income per share over the past 10 years.
• Consecutive increases in net income per share before extraordinary items since 2009.
“We are honored to be named to the KBW Bank Honor Roll again this year,” BancFirst Executive Chairman David Rainbolt said in a statement. “BancFirst has always made strength and safety top priorities, and this recognition reaffirms that our efforts continue to pay off. Every day we work to earn the trust and loyalty of our customers and these accolades provide great feedback for our team.”
KBW said it selected banking companies for the Bank Honor Roll to acknowledge high performers that exhibited consistent growth in the post-financial crisis period.
The Honor Roll banks significantly outperformed the banking industry during the fiveyear period between 2012 and 2017.
“These banks consistently set themselves apart from their peers despite a challenging yield-curve environment and stagnant loan growth,” KBW said when announcing the 2017 honor roll members.