Welcome to our dedicated page for Bank First news (Ticker: BFC), a resource for investors and traders seeking the latest updates and insights on Bank First stock.
Bank First Corp (BFC) provides comprehensive financial services as a relationship-focused community bank with over a century of operational history. This news hub offers investors and stakeholders timely access point for official corporate communications and market developments.
Track strategic initiatives through press releases covering earnings reports, branch expansions, product launches, and regulatory updates. Our curated collection simplifies monitoring of BFC's community partnerships, technology investments, and risk management practices.
Key content categories include:
• Financial performance updates
• Acquisition announcements
• Digital banking innovations
• Leadership appointments
• Community reinvestment initiatives
Bookmark this page for streamlined access to BFC's evolving story. Combine historical context with real-time updates to inform your analysis of this Wisconsin-based financial institution.
Bank First (NASDAQ: BFC) reported strong Q1 2025 financial results with net income of $18.2 million, or $1.82 per share, representing a 20.53% increase from the prior-year quarter. The bank achieved a net interest income of $36.5 million, up $3.2 million year-over-year, and maintained a healthy net interest margin of 3.65%.
Key highlights include:
- Total assets reached $4.51 billion
- Loan portfolio grew to $3.55 billion
- Core deposits increased to $3.67 billion
- Quarterly cash dividend declared at $0.45 per share
Asset quality improved with nonperforming assets decreasing to $7.6 million (0.17% of total assets). The bank's stockholders' equity totaled $648.4 million, with book value per share at $65.02 and tangible book value at $45.46.
Bank First (BFC) reported Q4 2024 net income of $17.5 million ($1.75 per share), compared to $34.9 million ($3.39 per share) in Q4 2023. Full-year 2024 earnings were $65.6 million ($6.50 per share), versus $74.5 million ($7.28 per share) in 2023.
The bank's net interest income was $35.6 million in Q4 2024, with a net interest margin of 3.61%. Total assets reached $4.50 billion, up 6.5% year-over-year. Loans grew 5.2% to $3.52 billion, while deposits increased 6.7% to $3.66 billion.
The Board declared a quarterly cash dividend of $0.45 per share, matching the previous quarter and representing a 28.6% increase from the prior year. Asset quality remained strong with nonperforming assets at just 0.21% of total assets.
Bank First (NASDAQ: BFC) reported net income of $16.6 million, or $1.65 per share, for the third quarter of 2024, compared to $14.8 million, or $1.43 per share, for the same period in 2023. For the nine months ended September 30, 2024, the bank earned $48.0 million, or $4.75 per share, up from $39.6 million, or $3.89 per share, in 2023.
Key highlights include:
- Net interest income increased to $35.9 million in Q3 2024
- Net interest margin improved to 3.76%
- No provision for credit losses recorded in Q3 2024
- Total assets reached $4.29 billion, up $207.0 million year-over-year
- Total loans grew to $3.47 billion, a 4.9% annualized increase in Q3
- Deposits increased to $3.48 billion, with 10% annualized growth in Q3
- Quarterly cash dividend increased by 12.5% to $0.45 per share
Bank First (NASDAQ: BFC) reported net income of $16.1 million, or $1.59 per share, for the second quarter of 2024. This compares to $14.1 million, or $1.37 per share, for the same period in 2023. For the first six months of 2024, the bank earned $31.5 million, or $3.10 per share.
Key financial highlights include:
- Net interest income of $33.0 million, down slightly from previous periods
- Net interest margin of 3.63%
- No provision for credit losses in Q2 2024
- Noninterest income of $5.9 million, up from previous quarters
- Total assets of $4.15 billion as of June 30, 2024
- Total loans of $3.43 billion, up $85.7 million from December 31, 2023
- Total deposits of $3.40 billion
The Board of Directors approved a quarterly cash dividend of $0.40 per share, a 14.3% increase from the prior quarter and a 33.3% increase year-over-year.
Bank First (NASDAQ: BFC) has successfully implemented UFS's Empowered Core banking platform, enhancing its growth strategies by providing greater flexibility, speed to market, Fintech enablement, and acquisition capabilities. The platform build-out, initiated seven months ago, culminated in a smooth data migration on June 23, 2024, ensuring no customer impact. This upgrade strengthens Bank First's long-term partnership with UFS, which delivers high IT efficiency and support. UFS President Eric Jones highlighted the successful collaboration, noting the platform's potential for optimizing technology for regional banks.
Bank First Corporation (NASDAQ: BFC) reported a net income of $10.7 million or $1.09 per share for Q1 2023, a slight increase from $10.2 million in Q1 2022. Adjusted net income reached $14.7 million, or $1.50 per share, compared to $10.5 million for the same period last year. The bank declared a quarterly cash dividend of $0.30 per share, marking a 20% increase from the previous quarter. Net interest income surged to $32.2 million, a rise of $9.9 million year-over-year, with a net interest margin of 3.74%. However, a provision for credit losses increased to $4.2 million due to the adoption of CECL. Total assets increased to $4.17 billion, with total loans at $3.32 billion, reflecting solid growth.
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