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 Corporation (NASDAQ: BFC) is a commercial banking holding company whose news flow reflects its activities in lending, deposits, acquisitions, and technology. Through its subsidiary Bank First, N.A., the company issues regular earnings releases that discuss net income, net interest income, net interest margin, asset quality, and capital position, giving investors insight into its financial performance and balance sheet trends over time.
News about Bank First frequently covers quarterly and annual results, including discussions of loan growth, deposit composition, and noninterest income sources such as its investment in Ansay & Associates, LLC. These releases often highlight the role of core deposits, the proportion of noninterest-bearing demand deposits, and the impact of credit quality and provision for credit losses on results. Updates also describe dividend declarations and share repurchase activity, which are relevant for shareholders tracking capital management decisions.
Another major category of BFC news involves mergers and acquisitions. The company has reported on the signing, regulatory approval, and completion of its acquisition of Centre 1 Bancorp, Inc., parent of The First National Bank and Trust Company. These announcements detail how the transaction expands Bank First’s footprint in Wisconsin and the Stateline area of Illinois, increases its asset base, and adds trust and wealth management capabilities.
Bank First also issues news related to technology and operations, such as the successful implementation of the Empowered Core banking platform developed by UFS. Such updates describe how technology projects support growth, digital banking, and acquisition integration. For investors and observers, the BFC news page offers a consolidated view of financial results, strategic transactions, technology initiatives, and other material developments affecting the company.
Bank First Corporation (Nasdaq: BFC) announced on Jan 2, 2026 that it has completed the acquisition of Centre 1 Bancorp, parent of The First National Bank and Trust Company.
Effective immediately, Bank First is adding trust and wealth management services and integrating First National Bank and Trust personnel. The combined company will operate 38 branches across Wisconsin and the Stateline area of Illinois and hold approximately $6 billion in assets. First National Bank and Trust will remain a division until a planned system conversion in May 2026, when locations will transition to the Bank First brand and digital platform. Centre CEO Steve Eldred will join Bank First's board.
Bank First (NASDAQ: BFC) reported net income of $18.0 million and $53.1 million for the three and nine months ended September 30, 2025, respectively, with EPS of $1.83 (Q3) and $5.36 (YTD).
NII was $38.3 million in Q3 with a net interest margin of 3.88%. Total loans were $3.63 billion (+$158.7M YoY) and total deposits were $3.54 billion. Provision for credit losses was $0.7 million in Q3 and $1.3 million YTD. Nonperforming assets totaled $13.9 million (0.31% of assets).
The board declared a quarterly cash dividend of $0.45 per share payable January 7, 2026.
Bank First Corporation (Nasdaq: BFC) received all required regulatory approvals to complete its planned merger with Centre 1 Bancorp, Inc., parent of The First National Bank and Trust.
The transaction is slated to close on January 1, 2026, subject to customary closing conditions and approval by Centre shareholders. After closing, First National Bank and Trust will operate as a division of Bank First until a system conversion expected in Q2 2026, when branches will adopt the Bank First name and clients will move to Bank First's digital banking platform.
Bank First reported total assets of approximately $4.4 billion and serves central and northeastern Wisconsin with commercial, mortgage, and consumer lending products.
Bank First Corporation (Nasdaq: BFC) has announced a definitive agreement to acquire Centre 1 Bancorp in an all-stock transaction valued at $174.3 million. Under the agreement, Centre shareholders will receive 0.9200 shares of Bank First common stock for each Centre share.
The merger will create a combined institution with approximately $5.91 billion in total assets, $4.58 billion in loans, and $4.89 billion in deposits. This strategic move marks Bank First's first out-of-state expansion into southern Wisconsin and northern Illinois markets. The transaction is expected to close in Q1 2026, with system conversion anticipated in Q2 2026.
Post-merger, Centre's CEO Steve Eldred will join Bank First's Board of Directors. The combined entity will benefit from enhanced lending capacity, expanded wealth management services, and Bank First's 40% ownership in Ansay & Associates insurance agency.
Bank First Corporation (NASDAQ: BFC) reported strong Q2 2025 financial results with net income of $16.9 million, or $1.71 per share, up from $16.1 million in Q2 2024. The bank's performance showed improvement with net interest margin increasing to 3.72% from 3.63% year-over-year. Total assets reached $4.37 billion, while loans grew to $3.58 billion.
The bank declared a quarterly cash dividend of $0.45 per share and a special dividend of $3.50 per share. Asset quality remained strong with minimal nonperforming assets at 0.31% of total assets. The bank's stockholders' equity stood at $612.3 million, with book value per share at $62.27, despite capital returns through dividends ($43.6 million) and share repurchases ($22.0 million) in the first half of 2025.
The bank continues to benefit from yield curve normalization and maintains strong core deposits representing nearly all of its $3.60 billion deposit base.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.
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