The net interest income of BancFirst was $37.5 million for the fourth of 2007, compared to $36.9 million for the fourth quarter of 2006. The company’s net interest margin was 4.54% compared to 4.71% in the fourth quarter of 2006.
Total earning assets for the company averaged $3.3 billion in the fourth quarter up from $3.1 billion posted in 2006. During the fourth quarter of 2007, loans increased $87 million. The loan loss provision totaled $980,000 due primarily to the fourth quarter loan growth.
For the full-year period ended December 31, 2007, net income was $53.1 million, or $3.33 diluted earnings per share, compared to net income of $49.4 million, or $3.07 diluted earnings per share for the full-year period of 2006. Net interest income was $148.29 million for the full-year period of 2007, compared to $143.69 million for the full-year period of 2006.
