Slide 1: BancFirst Corporation
Bancfirst. CORPORATION
Slide 2: BancFirst Corporation Profile
BancFirst Corporation Profile Relationship Banking • More Oklahoma households bank with BancFirst than any other bank • Overwhelmingly funded by core deposits • 109 locations in 64 Oklahoma communities including the MSAs of Oklahoma City, Tulsa, Muskogee and Lawton • Pegasus Bank and Worthington Ban
Slide 3: BancFirst Corporation Profile
BancFirst Corporation Profile Conservative Credit Culture • Aggressive loan review function • Proactive portfolio management • Historically low problem loan and charge off ratios Acquisition and Integration Strategy • Communities with a diversified employment base and reasonable growth • Disciplined
Slide 4: 2025 Highlights
2025 Highlights • Organic loan growth was 3.3% during 2025 • Asset quality remained strong as net charge-offs to average loans was 0.10% while nonperforming and restructured loans to total loans was 0.81% • Net interest margin was 3.74% during 2025 • Over 31 consecutive years of dividend growth • Co
Slide 5: Expansion to Texas
Expansion to Texas Dallas, TX based Pegasus Bank and Fort Worth, TX based Worthington Bank • Pegasus Bank and Worthington Bank operate as separate Texas state- charter banks under consolidated BANF, each bank has a separate board and management team • These banks add the high-growth MSA of Dallas-Fo
Slide 6: Pegasus & Worthington Total Deposits
Pegasus & Worthington Total Deposits $2,500,000 $2,000,000 ($ in Thousands) $1,500,000 $1,000,000 $500,000 $0 6
Slide 7: Pegasus & Worthington Total Loans
Pegasus & Worthington Total Loans $1,600,000 $1,400,000 $1,200,000 ($ in Thousands) $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 • Average annual loan growth was 13.3% over the last 10 years • Loans increased $96.0 million during 2025 when compared to December 2024. 7
Slide 8: BancFirst Locations
BancFfirst. CORPORATION BancFirst. CORPORATION | BancFirst Locations ‘Blackwell SNerdig is «Stillwater Sand Springse * Tulsa + 109 Staffed Offices + 64 Communities Jenkse ‘Kingfisher Guthr W at Me ratCamey “lnpool® Coveta YS equah handler» *Stroud Muskogee Edmond* + 32 Counties Pledmente “ome “Weath
Slide 9: Primary Risk Factors
Primary Risk Factors • Changes to the regional economy • Interest rate fluctuations and shifts in deposit mix • Ongoing pressure to non-interest income and expense, including cost associated with compliance and regulatory requirements • Changes in consumer behavior, including spending, borrowing and
Slide 10: Oklahoma Economic Overview
Oklahoma Economic Overview Source: Oklahoma.gov/treasurer *Monthly receipts were up $120.0 million or 8.5% from December 2025 vs. 2024. 10
Slide 11: Oklahoma Economic Overview
Oklahoma Economic Overview Source: Oklahoma.gov/treasurer *Oklahoma Unemployment sat at 4.4% in December 2025. 11
Slide 12: Dallas-Ft. Worth Overview
Dallas-Ft. Worth Overview *The DFW unemployment rate was 4.2%, in line with the state’s unemployment rate of 4.2% but below the nation’s jobless rate of 4.4%. 12
Slide 13: Energy Prices
Oil Price Energy Prices Gas Price $140.00 $16.00 $120.00 $14.00 $12.00 $100.00 $10.00 $80.00 $8.00 $60.00 $6.00 $40.00 $4.00 $20.00 $2.00 $- $- 2/1/22 8/1/22 2/1/23 8/1/23 2/1/24 8/1/24 2/1/25 8/1/25 2/1/26 Oil Natural Gas 13
Slide 14: Liquidity
Liquidity 5,000 Total Cash Total Cash/Total Assets 35.0% 4,500 30.0% 4,000 3,500 25.0% (Cash in Millions) 3,000 20.0% 2,500 15.0% 2,000 1,500 10.0% 1,000 5.0% 500 - 0.0% 14
Slide 15: Liquidity Portfolio
Liquidity Portfolio High Quality Liquidity Portfolio: $5.4 billion U.S Treasury • Portfolio used exclusively as an on- 16%(1) balance sheet source of liquidity: • 22% unencumbered Other Securities • 78% pledged as collateral for 1%(1) public funds on deposit, repurchase agreements and for other purp
Slide 16: Total Deposits
Total Deposits $20,000 $18,000 $16,000 $14,000 ($ in millions) $12,000 Sweeps $10,000 Total $8,000 Deposits $6,000 $4,000 $2,000 $0 • Average annual deposit growth was 8.1% in the last 10 years • From 2016 through 2025, growth from acquisitions was 2.6% compared to 5.5% organic growth in the same pe
Slide 17: Deposit Mix
Deposit Mix Other Savings 11% CDs < $250,000 9% Treasury Fund (MMDA) CDs > $250,000 38% 5% Interest-Bearing Demand Deposits Transaction 31% Accounts, 6% Community Banks, 46% Commercial, Retail, 49% 51% Metro Areas, 54% 17
Slide 18: Deposit Mix
Deposit Mix Demand & Interest Bearing Savings & MMDA CDs < $250,000 CDs > $250,000 Transaction Accts 100% 2% 2% 2% 3% 5% 5% 7% 6% 5% 6% 8% 10% 80% 35% 36% 39% 46% 47% 60% 48% 40% 57% 57% 54% 45% 20% 40% 37% 0% 2020 2021 2022 2023 2024 2025 18
Slide 19: Funding Rates
Funding Rates 6.00% 5.33% 5.33% 5.33% 5.26% 5.00% 4.65% 4.33% 4.33% 4.29% ($ in Thousands) 3.84% 3.90% 4.00% 3.70% 3.76% 3.81% 3.59% 3.36% 3.30% 3.27% 3.08% 3.00% 2.35% 2.39% 2.23% 2.18% 2.29% 2.12% 2.07% 2.07% 1.95% 2.00% Interest Bearing Deposits 1.00% Cost to Fund Average Earning Assets Avg Fed F
Slide 20: Delivery Channels
Delivery Channels 60,000 50,000 (Volume in Thousands) 40,000 Mobile App Teller Transactions 30,000 Online Banking 20,000 Daily Data Line Call Center 10,000 0 2021 2022 2023 2024 2025 20
Slide 21: POS Transactions and Demand Deposit Accounts
POS Transactions Number of Demand (in thousands) Deposit Accounts 110,000 350,000 100,000 300,000 90,000 80,000 250,000 70,000 200,000 60,000 150,000 50,000 40,000 100,000 30,000 50,000 20,000 10,000 - 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 POS Transactions Consumer Accounts POS Interchan
Slide 22: Total Loans
Total Loans $9,000 $8,000 $7,000 ($ in Millions) $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 • Average annual loan growth was 7.4% over the last 10 years. • Loans increased by 6.4% in 2025. 22
Slide 23: Loan Portfolio Composition
Loan Portfolio Composition Real Estate 68.5% total loans • 1-4 family not construction: 22.0% Agriculture, 6% Comm Non-RE, • Office professional: 7.4% 16% • Retail/shopping center: 5.6% Residential RE Consumer Non- • Multi-family residential: 5.4% All Other, 4% RE, 6% • Warehouse/storage: 5.0% • Far
Slide 24: Loan Portfolio Composition
Loan Portfolio Composition Community Banks, 41% Metro Areas, 59% Retail, 18% Commercial, 82% 24
Slide 25: BancFirst Corp Office Loans
BancFirst Corp Office Loans Owner Occupied $258,066,000 Balance Percent of total loans: 3.02% Owner Occupied $290,416,000 Committed Percent of total loans: 3.40% Non-Owner Occupied $399,505,000 Balance Percent of total loans: 4.68% Non-Owner Occupied $415,209,000 Committed Percent of total loans: 4.
Slide 26: Nonperforming Loans
Nonperforming Loans $80,000 0.90% $70,000 0.80% 0.70% $60,000 0.60% ($ in Thousands) $50,000 0.50% $40,000 0.40% $30,000 0.30% $20,000 0.20% $10,000 0.10% $0 0.00% 2017 2018 2019 2020 2021 2022 2023 2024 2025 Nonperforming Loans Nonperforming to Total Loans 26
Slide 27: FDIC Insured Institutions: Net Charge-Offs to Loans & Leases
FDIC Insured Institutions: 0.80% Net Charge-Offs to Loans & Leases 0.70% 0.60% 0.50% 0.40% 0.30% 0.20% 0.10% 0.00% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 US OK BANF 27
Slide 28: Change in Net Interest Income
Change in Net Interest Income $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 ($10,000) ($20,000) ($30,000) ($40,000) ($50,000) 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Volume Rate 28
Slide 29: Net Interest Income
Net Interest Income $600 6.00% $500 5.00% $400 4.00% ($ in Millions) $300 3.00% $200 2.00% $100 1.00% $0 0.00% Net Interest Income Net Interest Margin 29
Slide 30: Five-Year Interest Margin
Five-Year Interest Margin 4.20% 3.95% 4.00% 3.90% 3.85% 3.77% 3.75% 3.74% 3.68% 3.67% 3.79% 3.66% 3.71% 3.72% 3.80% 3.67% 3.65% 3.53% 3.51% 3.60% 3.44% 3.40% 3.23% 3.20% 3.08% 2.78% 3.00% 2.79% 2.80% 2.60% 30
Slide 31: Noninterest Income
Noninterest Income $250,000 70% 60% $200,000 50% ($ in thousands) $150,000 40% 30% $100,000 20% $50,000 10% $0 0% Noninterest Income Noninterest Income as Percentage of Noninterest Expense 31
Slide 32: Insurance and Trust Income
3 2 40,000 Insurance Pre-Tax Income Insurance Revenue 35,000 (In Thousands) 30,000 25,000 20,000 15,000 10,000 5,000 - $25,000 Trust Pre-Tax Income Trust Revenue $20,000 (In Thousands) $15,000 $10,000 $5,000 $0 32
Slide 33: Mortgage and Treasury Management Revenue
$8,000 Mortgage Pre-Tax Income Mortgage Revenue $7,000 (In Thousands) $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 $45,000 Treasury Management Revenue $40,000 (In Thousands) $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 33
Slide 34: Interchange Fees and NSF Fees
Interchange Fees $60,000 $50,000 (In Thousands) $40,000 $30,000 $20,000 $10,000 $0 $40,000 NSF Fees $35,000 (In Thousands) $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 34
Slide 35: Noninterest Income
Noninterest Income Cash Management, Trust Revenue, 12% 20% Secondary Mortgage Market, 2% Service Charges, 8% Other, 13% Insurance Commissions, 17% Overdraft Fees, 16% Interchange Fees, 12% 35
Slide 36: Tangible Book Value Average Stock Price Per Share
$140.00 Tangible Book Value Average Stock Price Per Share $119.36 $120.00 $98.85 $100.00 $90.57 $88.13 $80.00 $64.55 $57.85 $56.04 $60.00 $50.20 $49.20 $45.55 $42.92 $40.00 $37.50 $32.98 $31.90 $30.80 $24.74 $25.50 $27.47 $20.36 $22.28 $20.00 $0.00 36
Slide 37: Earnings Per Share
Earnings Per Share $7.50 $7.00 $6.50 $6.00 $5.50 $5.00 $4.50 $4.00 $3.50 $3.00 $2.50 $2.00 $1.50 $1.00 $0.50 $0.00 37
Slide 38: Dividend History
Dividend History $2.00 50.00% $1.80 45.00% $1.60 40.00% $1.40 35.00% $1.20 30.00% $1.00 25.00% $0.80 20.00% $0.60 15.00% $0.40 10.00% $0.20 5.00% $0.00 0.00% Dividends per Share Payout Ratio 38
Slide 39: Capital Ratios
Capital Ratios December 31, 2025 BancFirst Pegasus Worthington BancFirst (Bank) (Bank) (Bank) Corp Total Capital/Risk Assets 18.48% 16.93% 13.01% 19.88% Common Equity Tier 1/Risk Assets 17.11% 15.87% 12.05% 17.83% Tier 1 Capital/Risk Assets 17.38% 15.87% 12.05% 18.11% Leverage Ratio (Tier 1 Capital/
Slide 40: Stock Performance vs. the General Market since IPO
Stock Performance vs. the General Market since IPO 7000% BANF 6000% S&P 500 KBW Bank Index 5000% KRE Bank Index 4000% 3000% 2000% 1000% 0% -1000% • Average increase in shareholder return since IPO in 1993 has been 12.7% vs. S&P 500 of 10.6% and KBW Bank Index of 8.5%. • KRE Bank Index has an average
Slide 41: Summary
Summary • Number and quality of both household and commercial core deposit relationships • Sustained asset quality • Strong capital • Exceptional liquidity; high level of core deposit funding • Emphasis on non-interest income • Invested management • Acquisition/conversion expertise 41
Slide 42: One of America's Strongest Banks
One of America’s Strongest Banks 42
Slide 43: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 with respect to earnings, credit quality, corporate objectives, interest rates and other financial a