760498--3/16/2010--BANCFIRST_CORP

related topics

{stock, price, share}

{condition, economic, financial}

{competitive, industry, competition}

{acquisition, growth, future}

{loan, real, estate}

{regulation, change, law}

{product, liability, claim}

{system, service, information}

{stock, price, operating}

{regulation, government, change}

{loss, insurance, financial}

{product, market, service}

{provision, law, control}

{personnel, key, retain}

{control, financial, internal}

{tax, income, asset}

Risks Related to Our Industry The current economic environment poses significant challenges for us and could adversely affect our financial condition and results of operations. There can be no assurance that actions of the U.S. Government, Federal Reserve and other governmental and regulatory bodies for the purpose of stabilizing the financial markets will achieve the intended effect. Fluctuations in interest rates could reduce our profitability. We operate in a highly regulated environment and may be adversely affected by changes in federal and state laws and regulations. We may be required to pay significantly higher FDIC deposit insurance premiums and assessments in the future. Tax law changes may adversely affect our net income, effective tax rate and our overall results of operations and financial condition. Recent changes in laws and regulations may cause us to incur additional costs. Changes in monetary policies may have an adverse effect on our business. Risks Related to Our Business Our recent results may not be indicative of future results. If a significant number of customers fail to perform under their loans, our business, profitability, and financial condition would be adversely affected. Adverse changes in economic conditions, especially in the State of Oklahoma, could have a material adverse effect on our business, growth, and profitability. The soundness of other financial institutions could have a material adverse effect on our business, growth, and profitability. Competition with other financial institutions could adversely affect our profitability. Our concentration of real estate loans is subject to the local real estate market in which we operate. We rely heavily on our management team, and the unexpected loss of key managers may adversely affect our operations. Our information systems may experience an interruption or breach in security. We rely on certain external vendors. We are subject to environmental liability risk associated with lending activities. There can be no assurance that the integration of our acquisitions will be successful or will not result in unforeseen difficulties that may absorb significant management attention. If we fail to maintain an effective system of internal controls, we may not be able to accurately report our financial results or prevent fraud. Maintaining or increasing our market share depends on market acceptance and regulatory approval of new products and services. We have businesses other than banking. We have a continuing need for technological change. We may need to raise additional capital in the future, and such capital may not be available when needed or at all. Risks Associated with Our Common Stock Our stock price can be volatile. We may not continue to pay dividends on our common stock in the future. An investment in our common stock is not an insured deposit Our directors and executive officers own a significant portion of our common stock and can influence shareholder decisions. Our stockholder rights plan, amended and restated certificate of incorporation, as well as provisions of Oklahoma law, could make it difficult for a third party to acquire our company. The trading volume in our common stock is less than that of other larger financial services companies.

Full 10-K form ▸

760498--3/16/2010--BANCFIRST_CORP_/OK/