Bank First Corporation logo

Bank First Corporation

BFC

NASDAQFinancial ServicesBanks - Regional

Regular session

$153.36

+$0.6035 · +0.40%

Aug 24, 10:18 AM ET

BFC company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

40

Expensive

Momentum

43

Neutral

Sentiment

65

Bullish

Risk resilience

82

Low Risk

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Company profile

Company website

Bank First Corporation, established in 1894 and headquartered in Manitowoc, Wisconsin, functions as the parent entity for Bank First N.A. This financial institution delivers a comprehensive array of consumer and commercial financial solutions throughout Wisconsin, catering to a diverse clientele including businesses, professionals, individuals, associations, and governmental bodies. Its product suite encompasses various deposit accounts such as checking, savings, money market, retirement, and health savings accounts, alongside certificates of deposit and other time deposit options. It also provides residential mortgage products. Beyond core banking, Bank First offers credit cards, ATM services, insurance, data and information technology processing, investment and safekeeping services, and treasury management. Customers can also access their finances through online, telephone, and mobile banking platforms. The company's lending portfolio is extensive, covering various needs. It includes real estate financing, such as commercial property loans, residential mortgages, and home equity loans. For businesses, it provides commercial and industrial loans designed for working capital, accounts receivable and inventory financing, and other operational requirements. Further loan types include construction and development financing, residential loans for 1-4 family properties, and a range of consumer loans for personal and household use, offering both secured and unsecured installment loans as well as revolving lines of credit. Bank First Corporation operates through 21 branches situated across nine Wisconsin counties: Manitowoc, Outagamie, Brown, Winnebago, Sheboygan, Waupaca, Ozaukee, Monroe, and Jefferson. The company adopted its current name, Bank First Corporation, in June 2019, having previously operated as Bank First National Corporation.

Industry
Banks - Regional
Sector
Financial Services
Headquarters
US
CEO
Michael Molepske
Listed since
Oct 15, 2003
Employees
380

Market position

Day range

Current $153.36

52-week range

Current $153.36

Open
$153.14
Previous close
$152.76
Volume
4.05K
0.04× average
Average volume
93.68K
Average daily volume
Market cap
1.72B USD
Beta
0.41
Market reference 1
50-day average
$149.78
+2.39% above average
200-day average
$139.3
+10.10% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.27B USD
P/E (TTM)
19.94×
P/B (TTM)
2.09×
P/S (TTM)
5.9×
EV / EBITDA
13.5×
Earnings yield
5.97%
Free cash flow yield
4.26%
Dividend yield
1.27%

Profitability & efficiency

Gross margin
74.14%
Operating margin
34.54%
Net margin
27.80%
Return on equity
11.10%
Return on assets
1.58%
Return on invested capital
1.58%

Financial health

Debt / equity
0.13×
Current ratio
1.84×
Altman Z-score
-0.43
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends96%72%48%23%Gross margin, FY2021: 90.23%Gross margin, FY2022: 88.80%Gross margin, FY2023: 71.21%Gross margin, FY2024: 69.63%Gross margin, FY2025: 70.34%Operating margin, FY2021: 51.35%Operating margin, FY2022: 45.60%Operating margin, FY2023: 52.98%Operating margin, FY2024: 35.62%Operating margin, FY2025: 36.67%Net margin, FY2021: 38.91%Net margin, FY2022: 34.58%Net margin, FY2023: 39.96%Net margin, FY2024: 29.37%Net margin, FY2025: 29.73%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 90.23%. Gross margin FY2022 88.80%. Gross margin FY2023 71.21%. Gross margin FY2024 69.63%. Gross margin FY2025 70.34%. Operating margin FY2021 51.35%. Operating margin FY2022 45.60%. Operating margin FY2023 52.98%. Operating margin FY2024 35.62%. Operating margin FY2025 36.67%. Net margin FY2021 38.91%. Net margin FY2022 34.58%. Net margin FY2023 39.96%. Net margin FY2024 29.37%. Net margin FY2025 29.73%.

Income trends

Revenue

240.45M USD+7.71%

Operating income

88.17M USD+10.89%

Net income

71.5M USD+9.05%
Income trends across reported periods259.97M USD181.88M USD103.78M USD25.69M USDRevenue, FY2021: 116.78M USDRevenue, FY2022: 130.77M USDRevenue, FY2023: 186.47M USDRevenue, FY2024: 223.24M USDRevenue, FY2025: 240.45M USDOperating income, FY2021: 59.97M USDOperating income, FY2022: 59.63M USDOperating income, FY2023: 98.79M USDOperating income, FY2024: 79.51M USDOperating income, FY2025: 88.17M USDNet income, FY2021: 45.44M USDNet income, FY2022: 45.21M USDNet income, FY2023: 74.51M USDNet income, FY2024: 65.56M USDNet income, FY2025: 71.5M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 116.78M USD. Revenue FY2022 130.77M USD. Revenue FY2023 186.47M USD. Revenue FY2024 223.24M USD. Revenue FY2025 240.45M USD. Operating income FY2021 59.97M USD. Operating income FY2022 59.63M USD. Operating income FY2023 98.79M USD. Operating income FY2024 79.51M USD. Operating income FY2025 88.17M USD. Net income FY2021 45.44M USD. Net income FY2022 45.21M USD. Net income FY2023 74.51M USD. Net income FY2024 65.56M USD. Net income FY2025 71.5M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue240.45M USD223.24M USD186.47M USD130.77M USD116.78M USD
Cost of goods sold71.31M USD67.81M USD53.69M USD14.65M USD11.4M USD
Gross profit169.14M USD155.44M USD132.79M USD116.12M USD105.38M USD
Selling, general, and administrative55.9M USD43.06M USD42.51M USD34.52M USD28.74M USD
Operating expenses80.97M USD75.93M USD33.99M USD56.49M USD45.41M USD
Interest income221.72M USD206.41M USD182.48M USD116.53M USD98.39M USD
Interest expense70.06M USD68.61M USD49M USD12.45M USD8.3M USD
Depreciation and amortization5.59M USD8.05M USD8.4M USD3.97M USD3.19M USD
Operating income88.17M USD79.51M USD98.79M USD59.63M USD59.97M USD
Net income71.5M USD65.56M USD74.51M USD45.21M USD45.44M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
80%
8 beats, 2 misses, 0 met estimates
Average EPS surprise
+4.02%
10 comparable reports
Latest EPS result
2.45
Estimate 2.28 · Beat by 7.46%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.742.331.921.51Q1 '25No estimateQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 28, 2025: actual 1.75, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 15, 2025: actual 1.82, estimate 1.62, surprise +12.35%, Beat. Q3 2025, reported Jul 18, 2025: actual 1.71, estimate 1.8, surprise -5.00%, Miss. Q4 2025, reported Oct 21, 2025: actual 1.91, estimate 1.85, surprise +3.24%, Beat. Q1 2026, reported Jan 22, 2026: actual 2, estimate 1.81, surprise +10.50%, Beat. Q2 2026, reported Apr 16, 2026: actual 2.24, estimate 2.4, surprise -6.67%, Miss. Q3 2026, reported Jul 21, 2026: actual 2.45, estimate 2.28, surprise +7.46%, Beat. Q4 2026, reported Oct 20, 2026: actual —, estimate 2.63, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates68.43M58.29M48.14M38MQ1 '25No estimateQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 28, 2025: actual 58.37M USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 15, 2025: actual 41.94M USD, estimate 41.8M USD, surprise +0.34%, Beat. Q3 2025, reported Jul 18, 2025: actual 40.63M USD, estimate 44.15M USD, surprise -7.98%, Miss. Q4 2025, reported Oct 21, 2025: actual 42.89M USD, estimate 44.15M USD, surprise -2.85%, Miss. Q1 2026, reported Jan 22, 2026: actual 45M USD, estimate 43.85M USD, surprise +2.62%, Beat. Q2 2026, reported Apr 16, 2026: actual 63.75M USD, estimate 65.7M USD, surprise -2.97%, Miss. Q3 2026, reported Jul 21, 2026: actual 65M USD, estimate 65.25M USD, surprise -0.38%, Miss. Q4 2026, reported Oct 20, 2026: actual —, estimate 65.8M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$161

4.98% upside
Past 12 months12-month forecastHigh $161Average $161Low $161

Rating distribution

3 ratings

Limited analyst sample: 3 ratings. Interpret the distribution with caution.

Strong buy00%
Buy133%
Hold267%
Sell00%
Strong sell00%

Recent analyst actions

2 institutions
Hovde GroupupgradeMarket PerformOutperform

BFC news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$5.30

2025 complete year+364.9% since 2021

2026 partial: $1.05

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 23, 2026

$0.60

Quarterly

Record Sep 23, 2026 · Payment Oct 7, 2026

Dividend

Ex-dividend Jun 24, 2026

$0.55

Quarterly

Record Jun 24, 2026 · Payment Jul 8, 2026

Dividend

Ex-dividend Mar 25, 2026

$0.50

Quarterly

Record Mar 25, 2026 · Payment Apr 8, 2026

Dividend

Ex-dividend Dec 24, 2025

$0.45

Quarterly

Record Dec 24, 2025 · Payment Jan 7, 2026

Dividend

Ex-dividend Sep 24, 2025

$0.45

Quarterly

Record Sep 24, 2025 · Payment Oct 8, 2025

Dividend

Ex-dividend Jun 25, 2025

$0.45

Quarterly

Record Jun 25, 2025 · Payment Jul 9, 2025

BFC peers

ETFs holding BFC

Funds reporting this stock among their holdings, ordered by reported position size.

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