Bank First Corporation

Bank First Corporation

BFC
Bank First CorporationUS flagNASDAQ Capital Market
145.60
USD
-0.22
- -
1.63BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
5.87
6.35
6.48
7.08
8.2
10.44
11.47
13.86
14.23
14.71
13.51
15.33
17.2
18.76
Basic EPS, GAAP
1.79
1.99
2.13
2.4
2.44
3.81
3.94
5.11
5.96
5.62
7.32
6.5
7.23
7.19
Free Cash Flow per Basic Share
1.98
2.13
1.52
2.11
2.47
2.27
2.27
4.78
4.14
4.12
3.88
5.81
5.16
2.96
Dividend per Share
0.22
0.46
0.51
0.59
0.64
0.68
0.81
0.83
1.15
0.97
1.18
1.54
5.31
5.26
Book Value per Share
16.04
17.89
19.65
21.68
23.22
25.24
28.01
29.76
33.88
36.74
34.22
39.47
42.17
42.37
Tangible Book Value per Share
14.08
15.56
17.26
18.83
22.44
23.08
26.16
30.94
33.88
39.34
39.71
42.63
44.37
50.12
Basic Weighted Avg Shares
6
6
6
6
6
7
7
7
8
8
10
10
10
10
Sales/Revenue/Turnover
38
40
41
44
52
70
78
103
108
118
137
155
170
191
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1
1
1
1
1
2
2
3
3
4
8
8
7
9
Net Income, GAAP
12
13
13
15
15
25
27
38
45
45
75
66
71
73
Effective Tax Rate (%)
29.93
33.15
33.52
34.07
36.56
20.58
22.15
23.72
24.22
24.18
24.58
17.54
18.91
19.28
Profit Margin (%)
30.46
31.38
32.86
33.84
29.7
36.54
34.38
36.88
41.89
38.21
54.2
42.4
42.03
38.32
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
2
- -
- -
- -
15
12
68
41
26
25
51
147
92
125
Total Equity
102
109
119
128
162
174
230
295
323
453
620
640
644
820
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
11.72
11.63
11.3
11.54
10.91
16.19
14.91
18.51
18.95
16.33
23.15
17.57
17.54
17.37

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
30
- -
LT Borrowings
222
92
125
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
10
11
Market Capitalization
1,202
1,205
1,376

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
225
337
590
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
30
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.25%
18.1%
0.65%
Free Cash Flow
23.48%
9.68%
-12.94%
Net Income, GAAP
20.84%
16.15%
9.05%
Sales/Revenue/Turnover
15.75%
10.58%
10.01%
Total Cash Common Dividend
42.18%
70.41%
237.37%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
37
38
40
40
155
2025
42
41
43
45
170
2026
63
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.51
1.59
1.65
- -
6.5
2025
1.82
1.7
1.83
1.87
7.23
2026
1.79
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.35
0.35
0.4
- -
1.54
2025
0.45
3.95
0.45
0.45
5.31
2026
0.5
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Michael Molepske
Full Time Employees
380
Sector
Financial Services
Industry
Banks - Regional
Address
402 North 8th Street Manitowoc WI United States of America 54220
IPO Date
Oct 15, 2003
Business
Bank First Corporation (Nasdaq: BFC) operates as the holding company for Bank First, N.A., a community-focused financial institution that provides a broad range of consumer and commercial banking products and services to businesses, professionals, and individuals primarily in Wisconsin. The bank offers deposit products including checking accounts, savings accounts, money market accounts, cash management accounts, retirement accounts, health savings accounts, time deposits, and certificates of deposit; loan products such as commercial real estate loans, residential mortgages, home equity loans, commercial and industrial loans for working capital, accounts receivable, inventory financing and other business purposes, construction and development loans, residential 1-4 family loans, and consumer loans comprising secured and unsecured installment loans and revolving lines of credit; and additional services encompassing credit cards, online banking, telephone banking, mobile banking, treasury management, data processing, investment and safekeeping services, insurance through its affiliation with Ansay & Associates, LLC, and trust and investment advisory services via regional partners. Bank First, N.A., originally incorporated in 1894, maintains its headquarters in Manitowoc, Wisconsin, and operates 26 to 27 full-service banking locations across the state, with approximately 362 full-time equivalent employees and total assets of around $4.5 billion. In July 2025, Bank First Corporation signed a definitive agreement to acquire Centre 1 Bancorp, Inc., the parent of First National Bank and Trust, in an all-stock transaction valued at $174.3 million, under which Centre shareholders will receive 0.9200 shares of Bank First common stock per share; the merger, expected to close in the first quarter of 2026 with system conversion in the second quarter, will create a combined entity with nearly $6 billion in assets, $4.58 billion in loans, and $4.89 billion in deposits, marking Bank First's first expansion outside Wisconsin into southern Wisconsin and northern Illinois markets. This strategic transaction enhances lending capacity, broadens service capabilities including access to First National Bank and Trust's wealth management offerings for Bank First customers, and leverages Bank First's 40% ownership in Ansay & Associates for insurance, risk management, and employee benefits solutions to Centre customers, while Centre 1 Bancorp CEO Steve Eldred will join Bank First's board of directors post-merger. The bank has historically grown through acquisitions, de novo branch openings, and mergers, such as its prior completion of a merger with Partnership Community Bancshares, Inc., and changed its name from Bank First National Corporation to Bank First Corporation in June 2019.

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