OKLAHOMA CITY – BancFirst Corp. recently reported net income of $38.2 million, or $1.15 diluted earnings per share, for the fourth quarter of 2021. That’s compared to net income of $35.4 million, or $1.06 diluted earnings per share, for the fourth quarter of 2020.
The company recorded a net benefit from reversal of provisions for credit losses of $224,000 for the three months ending Dec. 31, 2021, compared to a provision for credit losses of $5 million for the three months ended Dec. 31, 2020, BancFirst announced. Net income for the year ending Dec. 31, 2021, was $167.6 million, or $5.03 diluted earnings per share, compared to $99.6 million, or $3 diluted earnings per share, for 2020.
The company recorded a net benefit from reversal of provisions for credit losses of $8.7 million for 2021, compared to a provision for credit losses of $62.6 million for the prior year, BancFirst reported.