BancFirst Corporation

AI-generated fair value estimate for this company.

Method: Dividend discount model: $251.83M TTM net income; ~15.2% sustainable ROE on ~$1.65B tangible book supports a ~74% payout ratio at a 4% terminal earnings/asset growth rate (retention = growth/ROE); resulting ~$193M forward dividend base; 9% cost of equity; 4% terminal growth; 33.60M shares outstanding.

Reasoning: As a well-capitalized regional bank, BancFirst's free cash flow is not a meaningful standalone valuation metric because of regulatory capital requirements; a dividend discount model tied to sustainable ROE and the retention needed to fund modest single-digit growth better reflects value creation for a conservatively run community bank.