OKLAHOMA CITY, Aug. 24, 2018 /PRNewswire/ -- BancFirst
Corporation (NASDAQ GS:BANF) today announced that its Board of
Directors has declared a $0.30 per
share cash dividend on the Company's common stock, an increase of
42.9% over the quarterly dividend that was paid in each of the
previous four quarters. Both improving net interest income and the
recent passage of the Tax Cuts and Jobs Act have markedly increased
earnings of the Company. Notwithstanding the large percentage
increase, dividend payout relative to earnings remains at prudent
levels in comparison to industry peers. Congressional changes to
corporate tax rates could affect future dividend levels. The
dividend is payable October 15, 2018,
to shareholders of record on September
28, 2018.
BancFirst Corporation (the Company) is an Oklahoma based financial services holding
company. The Company's principal subsidiary bank, BancFirst,
is Oklahoma's largest
state-chartered bank with 107 banking locations serving 58
communities across Oklahoma. More
information can be found at http://www.bancfirst.bank.
The Company may make 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 and business matters. Forward-looking
statements include estimates and give management's current
expectations or forecasts of future events. The Company
cautions readers that these forward-looking statements are subject
to numerous assumptions, risks and uncertainties, including
economic conditions, the performance of financial markets and
interest rates; legislative and regulatory actions and reforms;
competition; as well as other factors, all of which change over
time. Actual results may differ materially from
forward-looking statements.
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SOURCE BancFirst