How did BANF's Q4 earnings surprise impact its annual performance?

BANF's Q4 earnings surprise had a positive impact on its annual performance, as indicated by the following:

1. **Revenue and Earnings Performance**: BancFirst Corporation (BANF) reported a net income (FY) of $1.51 EPS for the quarter, surpassing the consensus estimate of $1.42 by $0.09. This positive surprise reflects the bank's strong financial performance during the quarter.

|code|Ticker|Name|Date|Net Income (FY)|market_code|
|---|---|---|---|---|---|
|BANF|BANF.O|Bancfirst|2020|9.9586E7|185|
|BANF|BANF.O|Bancfirst|2021|1.6763E8|185|
|BANF|BANF.O|Bancfirst|2022|1.931E8|185|
|BANF|BANF.O|Bancfirst|2023|2.12465E8|185|
|BANF|BANF.O|Bancfirst|2024|2.16354E8|185|

2. **Annual Net Income**: The surprise in Q4 contributes to the annual net income, as the bank's revenue for the quarter was $153.84 million, slightly higher than analyst estimates of $149.75 million. This slight variance may not significantly impact the annual revenue, but it indicates the bank's performance is trending positively.
3. **Analyst Estimates and Ratings**: Analysts at DA Davidson boosted their Q3 2024 earnings per share (EPS) estimates for BancFirst, anticipating continued strong performance. This adjustment in estimates reflects confidence in the bank's ability to perform well across multiple quarters, including Q4.
4. **Institutional Holdings and Market Sentiment**: Institutional investors like SG Americas Securities LLC and Barclays PLC have increased their holdings in BancFirst, indicating confidence in the bank's future prospects. This sentiment can be influenced by the bank's strong earnings performance, including any surprises.
5. **Market Reaction and Outlook**: The market generally reacts positively to earnings surprises, as they indicate better-than-expected business performance. This positive reaction can lead to increased investor confidence and potentially higher stock prices, which can contribute to the bank's annual performance.

In conclusion, BANF's Q4 earnings surprise of $0.09 per share, coupled with slightly higher revenue, reflects strong financial performance during the quarter. This positive performance likely contributes to the bank's annual net income, bolstering market confidence and potentially leading to increased institutional holdings.