MASHINIi

BancFirst Corporation.

BANF.US | Other monetary intermediation

BancFirst Corporation is a financial holding company providing a range of commercial banking services to businesses and individuals. Its services include deposit accounts, loans (commercial, real estate, consumer), cash management, and trust services. The company operates primarily in Oklahoma, serv...Show More

Ethical Profile

Mixed.

Is BancFirst Corporation ethical? Reports from 2024 highlight concerns regarding lending disparities, with 69 loans to African Americans compared to 2413 to whites, and a 2.55:1 loan-to-denial ratio for African Americans versus 7.18:1 for whites. These disparities are part of a Community Reinvestment Act challenge, especially as its proposed acquisition, American Bank of Oklahoma, settled redlining charges with the DOJ in 2021. Internally, employee reviews suggest below-average engagement and satisfaction, citing concerns about work-life balance and compensation. The CEO median pay ratio stands at 27:1. Additionally, two executives had late Form 4 filings.

Value Scores

Better Health for All-10
-100100
Fair Money & Economic Opportunity-40
-100100
Fair Pay & Worker Respect10
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-10
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-30
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

-10

BancFirst's core business as a financial institution means many health-related KPIs are not directly applicable. The company offers Health Savings Accounts (HSAs) which facilitate tax-advantaged savings for qualified medical, dental, and vision care expenses.

1
These accounts have no monthly service charge for balances over $500.
2
However, NSF and overdraft fees represented 16.8% of noninterest income for the year ended December 31, 2024.
3
The company donated $10,000 to the INTEGRIS Health Foundation in 2026 to support the Joy Cart, which provides comfort and activities to patients and families during hospital stays.
4
BancFirst also offers Coverdell Education Accounts.
5
The company states it maintains the security and integrity of customer data and complies with privacy provisions of the GLB Act.
6
BancFirst discusses cybersecurity risks and measures to mitigate them, and its risk disclosures cover interest rate, credit, external, market, compliance, and regulatory risks.
7
The company mentions environmental liability risk associated with lending activities, particularly regarding hazardous or toxic substances on foreclosed properties.
8
BancFirst views its employees as a differentiator and focuses on providing fair and equitable compensation, training, and development opportunities.
9
The Community Reinvestment Act (CRA) requires the bank to assist in meeting the credit needs of its market areas, including providing credit to low- and moderate-income individuals and communities.
10
The bank made 17 donations totaling $8,000, primarily supporting community services for low- and moderate-income households or individuals, and its employees provided 126 hours of community development services.
11

Fair Money & Economic Opportunity

-40

American Bank of Oklahoma (ABOK), which BancFirst is acquiring, settled redlining charges with the Department of Justice in 2021, paying $1.15 million in August 2023.

1
This settlement addressed allegations of inadequate mortgage lending practices in predominantly Black and Hispanic neighborhoods in Tulsa from 2017-2021.
2
ABOK was also fined $7,500 by the FDIC in February for flood insurance violations.
3
BancFirst's previous acquisition, The First National Bank and Trust Company of Vinita, was placed under a prompt corrective action directive by the OCC in January 2021 for unsafe and unsound practices.
4
A Community Reinvestment Act challenge was filed with the Federal Reserve Board regarding BancFirst's proposed acquisition of ABOK, citing continued poor lending practices.
5
The Federal Reserve Board extended the processing schedule for the acquisition to allow for further review of public comments.
6
BancFirst's 2024 lending data shows a loan-to-denial ratio of 7.18 to 1 for white applicants and 2.55 to 1 for African American applicants.
7

Fair Pay & Worker Respect

10

BancFirst Corporation's CEO to median employee pay ratio was 27:1 in 2024.

1
The company's worker engagement score, based on an Indeed survey, was 66/100.
2

Fair Trade & Ethical Sourcing

0

BancFirst Corporation is a financial services company. The provided articles explicitly state that the KPIs related to fair trade and ethical sourcing are not applicable to its operations.

1
The company does not procure or trade physical commodities, nor does it have a supplier base requiring welfare or sourcing audits in the context of physical goods.
2
There is no exposure to upstream labor practices, no supply chain tiers to map for provenance, and no material sourcing of at-risk inputs.
3
Consequently, no remediation processes are required for such violations, and supplier contracts are not in scope for ethical sourcing clauses related to physical commodities.
4

Honest & Fair Business

-10

BancFirst demonstrates a basic commitment to honest and fair business practices, but lacks robust transparency and verification. The company's code of conduct includes anti-bribery provisions and an anonymous reporting tool ('EthicsPoint')

1
,
2
. However, there is no mention of regulatory fines in the provided articles
3
,
4
,
5
,
6
,
7
,
8
. The articles reference director independence, but lack quantitative data on the percentage of conflict-free board members
9
,
10
,
11
,
12
,
13
,
14
. There is no mention of a transparency index score, ESG controversy index, or complaint resolution times
15
,
16
,
17
,
18
,
19
,
20
. There were late Form 4 filings by two executives
21
. The company's subsidiaries are audited, implying some audit coverage
22
,
23
. The company has a compensation recovery policy effective December 1, 2023
24
. The absence of significant negative indicators and the presence of basic ethical infrastructure justify a score of -10. The late filings and lack of comprehensive data prevent a higher score.

Kind to Animals

0

BancFirst Corporation is a financial services company. The provided articles discuss BancFirst's support for a new agricultural facility at Oklahoma State University through a campaign donation.

1
However, none of the articles contain specific, concrete data points regarding BancFirst's direct involvement in animal-related activities, animal testing, sourcing of animal products, or measurable wildlife conservation initiatives. Therefore, no KPIs related to the 'Kind to Animals' value can be scored based on the evidence provided.

No War, No Weapons

0

No evidence available to assess BancFirst Corporation on No War, No Weapons.

Planet-Friendly Business

0

BancFirst Corporation reports 0.0% stranded assets.

1

Respect for Cultures & Communities

0

No evidence available to assess BancFirst Corporation on Respect for Cultures & Communities.

Safe & Smart Tech

-30

BancFirst reported zero major data breaches and no material adverse impact from cybersecurity threats or incidents as of February 28, 2025.

1
The company invested $3.6 million in cybersecurity infrastructure in 2023, which is approximately 0.89% of its 2023 net interest income of $402.3 million.
2
BancFirst requires annual security training for all employees with network access, including phishing simulations.
3
The company uses AI for risk assessment and customer service, but no specific AI ethics oversight mechanisms or governance information were mentioned.
4
BancFirst offers debit card controls and mobile banking alerts, allowing users to block authorizations, set alerts, and control spending limits.
5
Multi-factor authentication (MFA) is emphasized as a security measure.
6
The company states it adheres to regulatory changes in its risk assessment and is compliant with SEC financial reporting, Basel III capital requirements, Dodd-Frank Act (98.7%), and AML/KYC regulations.
7

Zero Waste & Sustainable Products

0

The provided articles announce the release of BancFirst's Sustainability Report but explicitly state that they do not contain any specific quantitative data, regulatory actions, certifications, or details regarding waste management, product recyclability, packaging sustainability, or other zero-waste practices.

1
Therefore, no KPIs can be scored based on the available evidence.

Own BancFirst Corporation?

Upload your portfolio and see how all your holdings score across 11 ethical dimensions.

Audit My Portfolio

AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.