Bank First Corporation (BFC) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BFC SEC filings page.
Bank First Corporation (BFC) reported $217.9M in revenue over the twelve months to Jun 30, 2026, up 31.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Bank First's earnings recovered in FY2025, but cash conversion weakened while a highly leveraged balance sheet still drives the business.
Net income increased from$65.6M in FY2024 to$71.5M in FY2025, but operating cash flow moved the opposite way, falling from$65.8M to$62.5M while free cash flow also declined. This earnings-versus-cash divergence means the reported profit recovery did not translate into stronger cash generation.
Across FY2021-FY2025, total assets expanded while ROA remained between
Net profit margin held at
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Bank First Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Bank First Corporation earned a return on assets of 1.6% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from 1.5% the prior year. Earnings ranks banks on that return over three years, and Bank First Corporation scores 88/100 among other banks.
Bank First Corporation reported revenue of $173.9M in fiscal year 2025, against $157.5M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Bank First Corporation scores 10/100 among other banks.
Bank First Corporation funded 14.3% of its assets with shareholders' equity at the end of fiscal year 2025, holding $643.8M of equity against $4.5B of assets. Capital ranks banks on that cushion, and Bank First Corporation scores 76/100 among other banks.
Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. Bank First Corporation scores 90/100 on it among other banks.
Credit Quality measures the money a bank set aside for loans it expects to go bad, against the size of the loan book it set that money aside for. Bank First Corporation scores 90/100 on it among other banks.
Bank First Corporation reported net income of $71.5M in fiscal year 2025, against $65.6M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Bank First Corporation scores 57/100 among other banks.
Bank First Corporation passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Bank First Corporation generates $0.87 in operating cash flow ($62.5M OCF vs $71.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Bank First Corporation generated $65.0M in revenue in Q2 2026. This represents an increase of 56.2% from the same quarter a year earlier. Against the prior quarter it is up 2.0%.
Bank First Corporation reported $24.7M in net income in Q2 2026. This represents an increase of 46.3% from the same quarter a year earlier. Against the prior quarter it is up 23.5%.
Bank First Corporation earned $2.21 per diluted share (EPS) in Q2 2026. This represents an increase of 29.2% from the same quarter a year earlier. Against the prior quarter it is up 24.2%.
Not reported for Q2 2026.
Cash & Balance Sheet
Bank First Corporation generated $20.7M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 151.1% from the same quarter a year earlier. Against the prior quarter it is up 222.4%.
Bank First Corporation held $266.5M in cash as of Q2 2026; long-term debt is not reported for that period.
Bank First Corporation paid $0.55 per share in dividends in Q2 2026. This represents a decrease of 86.1% from the same quarter a year earlier. Against the prior quarter it is up 10.0%.
Margins & Returns
Bank First Corporation's net profit margin was 38.0% in Q2 2026, showing the share of revenue converted to profit. This is down 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.6 percentage points.
Bank First Corporation's ROE was 3.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Bank First Corporation spent $20.4M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 30.0% from the same quarter a year earlier. Against the prior quarter it is up 562.0%.
Bank First Corporation invested $3.8M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 3.9% from the same quarter a year earlier. Against the prior quarter it is down 28.3%.
Not reported for Q2 2026.
BFC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $65.0M+56.2% | $63.7M+47.8% | $44.9M+12.1% | $44.2M+8.4% | $41.6M+7.0% | $43.1M+14.3% | $40.1M-46.8% | $40.8M+3.7% |
| SG&A Expenses | $16.8M+61.3% | $21.8M+98.4% | $10.6M+6.9% | $10.5M+3.8% | $10.4M+4.2% | $11.0M+0.8% | $9.9M-4.5% | $10.1M-1.0% |
| Interest Expense | $20.7M+15.7% | $20.4M+10.1% | $16.5M-9.5% | $17.2M-5.2% | $17.9M+9.4% | $18.5M+16.3% | $18.2M+15.5% | $18.1M+40.4% |
| Income Tax | $5.9M+56.8% | $4.7M+21.2% | $4.5M+6.5% | $4.5M+8.6% | $3.8M+0.6% | $3.9M+114.4% | $4.2M-61.8% | $4.1M-15.2% |
| Net Income | $24.7M+46.3% | $20.0M+9.6% | $18.4M+4.9% | $18.0M+8.7% | $16.9M+5.1% | $18.2M+18.4% | $17.5M-49.7% | $16.6M+11.8% |
| EPS (Basic) | $2.21+29.2% | $1.78-2.2% | $1.87+6.9% | $1.83+10.9% | $1.71+7.5% | $1.82+20.5% | $1.75-48.4% | $1.65+15.4% |
| EPS (Diluted) | $2.21+29.2% | $1.78-2.2% | $1.87+6.9% | $1.83+10.9% | $1.71+7.5% | $1.82+20.5% | $1.75-48.4% | $1.65+15.4% |
| Diluted Shares (Avg) | 11M+12.6% | 11M+12.2% | N/A | 10M-1.7% | 10M-1.7% | 10M-2.2% | N/A | 10M-3.6% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
BFC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.9B+36.3% | $6.1B+34.7% | $4.5B+0.2% | $4.4B+2.9% | $4.4B+5.3% | $4.5B+9.9% | $4.5B+6.5% | $4.3B+5.1% |
| Cash & Equivalents | $266.5M+121.5% | $398.6M+32.5% | $243.2M-6.9% | $126.2M-38.3% | $120.3M+21.6% | $300.9M+260.9% | $261.3M+5.6% | $204.4M+169.8% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $245.4M+40.1% | $246.4M+40.7% | $175.1M0.0% | $175.1M0.0% | $175.1M0.0% | $175.1M0.0% | $175.1M0.0% | $175.1M0.0% |
| Total Liabilities | $5.1B+36.7% | $5.2B+36.1% | $3.9B+0.2% | $3.8B+3.5% | $3.8B+6.3% | $3.9B+10.5% | $3.9B+7.0% | $3.7B+4.4% |
| Total Equity | $819.3M+33.8% | $819.9M+26.4% | $643.8M+0.6% | $628.1M-0.1% | $612.3M-0.4% | $648.4M+6.4% | $639.7M+3.2% | $628.9M+8.9% |
| Retained Earnings | $450.0M+15.5% | $431.4M+4.8% | $417.0M+4.8% | $403.0M+4.7% | $389.5M+4.6% | $411.8M+14.4% | $398.0M+14.4% | $384.9M+21.7% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
BFC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $24.4M+106.2% | -$11.7M-289.0% | $29.0M-5.8% | $15.5M-17.7% | $11.9M-20.6% | $6.2M+364.0% | $30.8M+51.7% | $18.8M+7.4% |
| Stock-Based Compensation | N/A | $579K+5.1% | N/A | N/A | N/A | $551K-0.5% | N/A | N/A |
| Capital Expenditures | $3.8M+3.9% | $5.2M+143.3% | $2.7M-20.7% | $3.0M+61.4% | $3.6M+199.9% | $2.2M+176.9% | $3.4M+56.3% | $1.8M-59.5% |
| Free Cash Flow | $20.7M+151.1% | -$16.9M-521.0% | $26.3M-4.0% | $12.5M-26.3% | $8.2M-40.0% | $4.0M+628.1% | $27.4M+51.2% | $16.9M+31.1% |
| Investing Cash Flow | -$10.8M+68.4% | $238.8M+657.2% | $35.4M+124.3% | -$48.6M-29.7% | -$34.3M-27.6% | $31.5M+173.5% | -$145.7M-276.6% | -$37.5M-6.2% |
| Financing Cash Flow | -$145.7M+7.8% | -$71.8M-4034.4% | $52.7M-69.3% | $39.0M-68.6% | -$158.1M-674.2% | $1.8M+101.5% | $171.8M+149.3% | $124.1M+798.9% |
| Share Buybacks | $20.4M+30.0% | $3.1M-51.8% | -$1K | $0-100.0% | $15.7M+97.2% | $6.4M-71.4% | $0-100.0% | $1.7M+64.1% |
Not reported in any period shown, so not listed: Depreciation & Amortization, Dividends Paid.
BFC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 38.0%-2.6pp | 31.4%-10.9pp | 40.9%-2.8pp | 40.7%+0.1pp | 40.5%-0.8pp | 42.3%+1.5pp | 43.8%-2.5pp | 40.6%+2.9pp |
| Return on Equity | 3.0%+0.2pp | 2.4%-0.4pp | 2.9%+0.1pp | 2.9%+0.2pp | 2.8%+0.1pp | 2.8%+0.3pp | 2.7%-2.9pp | 2.6%+0.1pp |
| Return on Assets | 0.4%0.0pp | 0.3%-0.1pp | 0.4%0.0pp | 0.4%0.0pp | 0.4%0.0pp | 0.4%0.0pp | 0.4%-0.4pp | 0.4%0.0pp |
| Debt-to-Equity | 6.26+0.1x | 6.40+0.5x | 6.000.0x | 6.04+0.2x | 6.13+0.4x | 5.95+0.2x | 6.03+0.2x | 5.83-0.3x |
| Asset Turnover | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x |
| FCF Margin | 31.8%+12.0pp | -26.5%-35.8pp | 58.6%-9.8pp | 28.2%-13.3pp | 19.8%-15.5pp | 9.3%+7.8pp | 68.4%+44.3pp | 41.5%+8.7pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Bank First Corporation BFC | FY2025 | $173.9M | $71.5M | 41.1% | $1.7B | 69/100 |
| Westamerica Bancorporation WABC | FY2025 | $258.1M | $116.2M | 45.0% | $1.4B | 70/100 |
| Hope Bancorp, Inc. HOPE | FY2025 | $498.7M | $62.0M | 12.4% | $1.7B | 34/100 |
| Byline Bancorp, Inc. BY | FY2025 | $446.3M | $130.1M | 29.1% | $1.7B | 59/100 |
| Center Bancorp Inc CNOB | FY2025 | $388.3M | $80.4M | 20.7% | $1.5B | 52/100 |
| Origin Bancorp, Inc. OBK | FY2025 | $390.8M | $75.2M | 19.2% | $1.7B | 46/100 |
Where Bank First Corporation Ranks
Frequently Asked Questions
What is Bank First Corporation's annual revenue?
Bank First Corporation (BFC) reported $173.9M in total revenue for fiscal year 2025. This represents a 10.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Bank First Corporation's revenue growing?
Bank First Corporation (BFC) revenue grew by 10.4% year-over-year, from $157.5M to $173.9M in fiscal year 2025.
Is Bank First Corporation profitable?
Yes, Bank First Corporation (BFC) reported a net income of $71.5M in fiscal year 2025, with a net profit margin of 41.1%.
What is Bank First Corporation's net profit margin?
Bank First Corporation (BFC) had a net profit margin of 41.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Bank First Corporation pay dividends?
Yes, Bank First Corporation (BFC) paid $5.30 per share in dividends during fiscal year 2025.
What is Bank First Corporation's return on equity (ROE)?
Bank First Corporation (BFC) has a return on equity of 11.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Bank First Corporation's free cash flow?
Bank First Corporation (BFC) generated $51.0M in free cash flow during fiscal year 2025. This represents a -12.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Bank First Corporation's operating cash flow?
Bank First Corporation (BFC) generated $62.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Bank First Corporation's total assets?
Bank First Corporation (BFC) had $4.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Bank First Corporation's capital expenditures?
Bank First Corporation (BFC) invested $11.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Bank First Corporation's debt-to-equity ratio?
Bank First Corporation (BFC) had a debt-to-equity ratio of 6.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Bank First Corporation's return on assets (ROA)?
Bank First Corporation (BFC) had a return on assets of 1.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Bank First Corporation's P/E ratio?
Bank First Corporation (BFC) trades at 20.7x earnings, its market capitalization divided by net income of $81.1M net income, trailing 12 months to June 30, 2026. The market capitalization is $1.7B as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Bank First Corporation's price-to-sales ratio?
Bank First Corporation (BFC) trades at 7.7x sales, its market capitalization divided by revenue of $217.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.7B as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Bank First Corporation's Piotroski F-Score?
Bank First Corporation (BFC) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Bank First Corporation's earnings high quality?
Bank First Corporation (BFC) has an earnings quality ratio of 0.87x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Bank First Corporation?
Bank First Corporation (BFC) scores 69 out of 100 on our Financial Health Score, indicating strong standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.