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BankFirst Capital Corporation - $BFCC STOCK NEWS

Welcome to our dedicated page for BankFirst Capital Corporation news (Ticker: $BFCC), a resource for investors and traders seeking the latest updates and insights on BankFirst Capital Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BankFirst Capital Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of BankFirst Capital Corporation's position in the market.

Rhea-AI Summary

BankFirst Capital (OTCQX: BFCC) has announced a stock repurchase program authorized by its board of directors. The program allows for the repurchase of up to $10 million of its common stock. Purchases may occur in the open market or through private negotiations and adhere to SEC regulations, including Rule 10b-18 and Rule 10b5-1. The repurchase program is set to expire on May 21, 2025, unless terminated or extended by the board. The actual repurchase volume will depend on stock performance, market conditions, and other factors. The board's authorization does not require a minimum repurchase amount.

Rhea-AI Impact
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End-of-Day
1.29%
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buyback
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Rhea-AI Summary
BankFirst Capital (BFCC) reports first quarter 2024 earnings of $5.0 million, with net income of $0.93 per share. Total assets increased to $2.76 billion, total gross loans rose to $1.78 billion, and total deposits grew to $2.32 billion. The company's liquidity position is strong, with credit quality remaining solid. Despite challenges in the banking environment, the company's performance was deemed solid. Non-interest income increased by 5%, while non-interest expense rose by 4%. The company's market capitalization was $157.9 million as of March 31, 2024. The provision for credit losses increased to $525 thousand, with non-performing assets at 0.42% and net charge-offs at $276 thousand. The company continues to closely monitor credit quality due to economic uncertainty. Liquidity and capital position are stable, with the company operating under the Community Bank Leverage Ratio framework.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
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Rhea-AI Summary
BankFirst Capital Corporation (BFCC) reported net income of $6.5 million for Q4 2023, compared to $7.0 million in Q4 2022. Total assets increased by 11% to $2.7 billion, gross loans increased by 20% to $1.8 billion, and total deposits increased by 11% to $2.3 billion. Available liquidity sources totaled approximately $950.3 million. Non-interest income decreased by 39% to $6.1 million. The company paid a cash dividend of $0.90 per share. Credit quality remains strong with non-performing assets to total assets at 0.37%. CEO Moak Griffin expressed satisfaction with the company's performance and strategic objectives, despite the challenging banking environment.
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Rhea-AI Summary
BankFirst Capital Corporation (BFCC) Declares $0.90 Per Share Cash Dividend for 2023
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Rhea-AI Sentiment
End-of-Day
-0.19%
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dividends
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Rhea-AI Summary
BankFirst Capital Corporation (OTCQX: BFCC) reported net income of $8.4 million, or $1.55 per share, for Q3 2023, compared to $6.2 million, or $1.15 per share, for Q2 2023. Net interest income increased 26% to $21.6 million. Total assets increased 23% to $2.7 billion. Total loans increased 35% to $1.8 billion. Total deposits increased 26% to $2.3 billion. Credit quality remains strong with non-performing assets to total assets of 0.47%. The Bank received a $6.2 million Equitable Recovery Program grant.
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-7.59%
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1.09%
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Rhea-AI Summary
BankFirst Capital Corporation reported net income of $6.2 million for Q2 2023, compared to $7.1 million in Q1 2023. Net interest income increased 50% to $22.7 million. Total assets increased 22% to $2.7 billion. Total loans increased 42% to $1.7 billion. Total deposits increased 25% to $2.2 billion. Nonperforming assets improved to 0.44% of total assets. Bank awarded $6.2 million grant under the CDFI Equitable Recovery Program. Bank preparing for core conversion in August 2023.
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0.8%
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0.95%
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0.23%
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Rhea-AI Summary
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BankFirst Capital Corporation

OTC:BFCC

BFCC Rankings

BFCC Stock Data

156.60M
0.07%
Commercial Banking
Finance and Insurance
Link
United States of America
Columbus