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Article: BancFirst Corp. Sees Profits Decrease in 2003.
- Article from:
- Daily Oklahoman (Oklahoma City, OK)
- Article date:
- January 26, 2004
CopyrightCOPYRIGHT 2004 The Daily Oklahoman. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Don Mecoy
Jan. 26--Low interest rates and higher expenses took a bite out of annual profits last year for BancFirst Corp., the Oklahoma City banking company reported.
A stock buy-back program helped boost the company's per-share earnings despite the dip in net income.
The company's subsidiary bank, BancFirst, is Oklahoma's largest state-chartered bank with 86 banking locations in 42 communities across Oklahoma.
BancFirst trails only Bank of Oklahoma in deposits among state banks, holding 5.7 percent of the state market.
BancFirst posted profits of $31.9 million last year, down from $33.6 million in 2002.
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