Bank First Corp BFC

Financials SIC 6021 - National Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

Bank First Corporation is a Wisconsin corporation that was organized in April 1982 to serve as the holding company for Bank First, N.A., a national banking association founded in 1894. The Bank is a wholly-owned subsidiary of the Company. The Company and the Bank are headquartered in Manitowoc, Wisconsin, and the Bank is a member of the Board of Governors of the Federal Reserve System (the "Federal Reserve") and regulated by the Office of the Comptroller of the Currency (the "OCC"). The Bank has thirty-eight (38) offices, including its headquarters, in Brown, Columbia, Dane, Door, Fond du Lac, Green, Jefferson, Manitowoc, Monroe, Outagamie, Ozaukee, Rock, Shawano, Sheboygan, Walworth, Waupaca, Waushara, and Winnebago counties in the State of Wisconsin and Winnebago county in the State of Illinois. We serve businesses, professionals and consumers with a wide variety of financial services, including retail and commercial banking. Some of the products that we offer include checking accounts, savings accounts, money market accounts, cash management accounts, certificates of deposit, commercial and industrial loans, commercial real estate loans, construction and development loans, residential mortgages, consumer loans, credit cards, online banking, telephone banking and mobile banking.

Last close 147.34 2026-10-23
Market cap $1.63B 2026-06-30 share count
52-week range 119.08 - 159.09

Valuation FY2025 figures against the last close

P/S7.4x
P/E20.4x
P/FCF32.0x
EV/EBITDA—
Dividend yield—
Diluted EPS7.23

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $221.7M$206.4M$182.5M$116.5M$98.4M$100.7M$89.2M$77.9M$53.5M$44.7M
Interest expense $151.7M$137.8M$133.5M$104.1M$8.3M$13.9M$19.5M$14.8M$7.7M$5.9M
Pre-tax income $88.2M$79.5M$98.8M$59.6M$60.0M$49.9M$34.3M$32.1M$24.1M$22.6M
Income tax $16.7M$13.9M$24.3M$14.4M$14.5M$11.8M$7.6M$6.6M$8.8M$7.7M
Net income $71.5M$65.6M$74.5M$45.2M$45.4M$38.0M$26.7M$25.5M$15.3M$14.9M
EPS, basic 7.236.507.285.585.925.073.913.812.442.40
EPS, diluted 7.236.507.285.585.925.073.873.812.442.40
Shares, diluted (wtd. avg.) 9.9M10.1M10.2M8.1M7.6M7.5M6.9M6.7M6.3M6.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $243.2M$261.3M$247.5M$119.4M$296.9M$170.2M$86.5M$107.7M$102.0M$80.2M
Property, plant and equipment $79.2M$71.1M$69.9M$56.4M$49.5M$43.2M$35.3M$24.5M$18.6M—
Goodwill $175.1M$175.1M$175.1M$110.2M$55.4M$55.5M$28.4M$15.0M$7.1M—
Other intangibles $16.2M$21.2M$27.0M——$9.2M$9.7M$5.3M$5.6M—
Total assets $4.51B$4.50B$4.22B$3.66B$2.94B$2.72B$2.21B$1.79B$1.75B—
Short-term debt ——————$1.40B———
Long-term debt ————$8.0M$23.3M$39.8M$0——
Total liabilities $3.86B$3.86B$3.60B$3.21B$2.61B$2.42B$1.98B$1.62B$1.59B—
Retained earnings $417.0M$398.0M$348.0M$295.5M$258.1M$221.4M$189.5M$168.4M$145.9M—
Total equity $643.8M$639.7M$619.8M$453.1M$322.7M$294.9M$230.2M$174.3M$161.7M$127.5M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $62.5M$65.8M$52.9M$40.0M$40.3M$44.0M$22.6M$23.1M$18.3M$14.4M
Depreciation and amortisation $2.4M$2.3M$2.1M$1.7M$1.8M$1.5M————
Stock-based compensation $2.1M$2.2M$2.1M$1.7M$1.4M$1.1M$685.0K$556.0K$465.0K$419.0K
Capital expenditure $11.4M$7.2M$13.5M$6.9M$8.7M$8.4M$7.3M$7.9M$2.8M$1.3M
Investing cash flow -$16.0M-$252.9M$269.0M-$177.8M-$93.9M-$206.0M-$106.2M-$30.1M-$41.4M-$83.0M
Financing cash flow -$64.6M$201.0M-$193.8M-$39.7M$180.2M$245.8M$62.2M$12.8M$44.9M$63.1M
Buybacks $22.0M$31.9M$10.0M$14.3M$8.3M$4.4M$4.2M$10.4M$3.6M$2.6M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-048526.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 100M 200M 300M Revenue, FY2016: 44.7M Net income, FY2016: 14.9M Revenue, FY2017: 53.5M Net income, FY2017: 15.3M Revenue, FY2018: 77.9M Net income, FY2018: 25.5M Revenue, FY2019: 89.2M Net income, FY2019: 26.7M Revenue, FY2020: 100.7M Net income, FY2020: 38M Revenue, FY2021: 98.4M Net income, FY2021: 45.4M Revenue, FY2022: 116.5M Net income, FY2022: 45.2M Revenue, FY2023: 182.5M Net income, FY2023: 74.5M Revenue, FY2024: 206.4M Net income, FY2024: 65.6M Revenue, FY2025: 221.7M Net income, FY2025: 71.5M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $44.7M $53.5M $77.9M $89.2M $100.7M $98.4M $116.5M $182.5M $206.4M $221.7M
Gross profit — — — — — — — — — —
Net income $14.9M $15.3M $25.5M $26.7M $38.0M $45.4M $45.2M $74.5M $65.6M $71.5M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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