BANCFIRST CORP /OK/ Earnings Per Share Disclosure
(16) NET INCOME PER COMMON SHARE
Basic and diluted net income per common share are calculated as follows:
|
|
|
|
|
|
|
|
|
|
|||
|
|
Year ended December 31, |
|
|||||||||
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
|
|
(Dollars in thousands, except per share data) |
|
|||||||||
(Numerator) |
|
|
|
|
|
|
|
|
|
|||
Income available to common stockholders |
|
$ |
240,610 |
|
|
$ |
216,354 |
|
|
$ |
212,465 |
|
(Denominator) |
|
|
|
|
|
|
|
|
|
|||
Weighted-average shares outstanding for basic earnings per |
|
|
33,306,040 |
|
|
|
33,055,152 |
|
|
|
32,919,348 |
|
Dilutive effect of stock compensation |
|
|
531,293 |
|
|
|
561,863 |
|
|
|
575,139 |
|
Weighted-average shares outstanding for diluted earnings per |
|
|
33,837,333 |
|
|
|
33,617,015 |
|
|
|
33,494,487 |
|
|
|
|
|
|
|
|
|
|
|
|||
Basic earnings per share |
|
$ |
7.22 |
|
|
$ |
6.55 |
|
|
$ |
6.45 |
|
Diluted earnings per share |
|
$ |
7.11 |
|
|
$ |
6.44 |
|
|
$ |
6.34 |
|
The following table shows the number of options and RSU's that were excluded from the computation of diluted net income per common share for each period because they were anti-dilutive for the period:
|
|
Shares |
|
|
December 31, 2025 |
|
|
42,183 |
|
December 31, 2024 |
|
|
216,272 |
|
December 31, 2023 |
|
|
280,150 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Feb 24, 2023 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.