BancFirst reports Q2 EPS $1.64, consensus $1.61

The company’s net interest income for the second quarter of 2023 increased to $105.9 million compared to $86.9 million for the quarter ended June 30, 2022. Rising short-term interest rates and modest loan growth drove the increase. The net interest margin for the quarter was 3.87% compared to 3.89% in the first quarter and 3.05% a year ago. For the second quarter of 2023, the Company recorded a provision for credit losses of $2.8 million driven by loan growth, compared to $501,000 for the second quarter of 2022.