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 reported a net income of $10.2 million or $1.34 per share for Q1 2022, down from $11.5 million or $1.49 per share in Q1 2021. The annualized return on average assets was 1.27% and return on common equity was 12.62%. A quarterly cash dividend of $0.22 was declared, up 4.8% year-over-year. Net interest income was $22.3 million, slightly down from the previous quarter, while total assets decreased to $2.92 billion. Nonperforming assets fell to $5.4 million, improving asset quality.
Bank First Corporation has announced a merger agreement with Denmark Bancshares, Inc. in a transaction valued at approximately $119 million. Under the agreement, Denmark shareholders can choose between $38.10 in cash or stock exchange for their shares. This merger aims to enhance Bank First's market presence in Northeast Wisconsin and improve services for customers of both institutions. As of December 31, 2021, Denmark had consolidated assets of $687.6 million. Upon completion, the combined entity will manage approximately $3.6 billion in assets. The closing is expected in early Q3 2022, pending regulatory approvals.
Bank First Corporation (NASDAQ: BFC) reported net income of $11.2 million ($1.46 per share) for Q4 2021, down from $11.5 million ($1.49 per share) in Q4 2020. For the full year, net income rose to $45.4 million ($5.92 per share) from $38.0 million ($5.07 per share) in 2020. Net interest income for Q4 was $23.2 million, up $0.3 million from Q3 but down $1.2 million from last year. Loan losses provision decreased, showing improved asset quality. Noninterest income fell to $5.7 million for Q4 2021. The bank's assets increased to $2.94 billion, with strong deposit growth.
Bank First Corporation (NASDAQ: BFC) reported a net income of $11.2 million, or $1.46 per share, for Q3 2021, an increase from $11.0 million in Q3 2020. For the first nine months, earnings rose to $34.3 million, or $4.45 per share, compared to $26.5 million in 2020. Net interest income was $22.9 million, matching last year's Q3, while NIM decreased to 3.47%. Total assets increased to $2.85 billion.
The bank approved a $0.22 dividend per share, payable on January 5, 2022.
Bank First Corporation (NASDAQ: BFC) reported a net income of $11.5 million, or $1.50 per share for Q2 2021, up from $8.3 million or $1.11 per share year-over-year. For H1 2021, net income reached $23.1 million, compared to $15.6 million in H1 2020. Net interest income (NII) was $21.8 million, a slight decrease from the previous quarter but an increase from last year. The total assets stood at $2.82 billion, with total loans of $2.23 billion. A dividend of $0.21 per share and a special dividend of $0.29 per share were also declared.
Bank First Corporation (NASDAQ: BFC) reported a net income of $11.5 million or $1.49 per share for Q1 2021, up from $7.3 million or $1.03 per share YoY. Net interest income was $22.1 million, a quarterly decrease of $2.4 million but an annual increase of $3.5 million. Total assets grew to $2.85 billion, up $128.2 million from Q4 2020. The Board declared a quarterly cash dividend of $0.21 per share, set for July 7, 2021.
Bank First Corporation (NASDAQ: BFC) reported a net income of $11.5 million for Q4 2020, up from $7.5 million in Q4 2019. For the full year, net income rose to $38.0 million, compared to $26.7 million in 2019. Net interest income (NII) increased by $5.7 million year-over-year, reaching $24.5 million in Q4 2020. The bank declared a quarterly dividend of $0.21 per share, payable on April 7, 2021. Total assets grew to $2.72 billion, and the loan portfolio expanded by $455.1 million over the year.
Bank First Corporation (NASDAQ: BFC) reported a net income of $11.0 million, or $1.42 per share, for Q3 2020, up from $6.7 million a year ago. For the first nine months, net income reached $26.5 million, a significant rise from $19.2 million in 2019. Net interest income increased to $22.9 million in Q3, boosted by acquisitions. The net interest margin was 3.84%. Total assets grew to $2.64 billion. The bank declared a quarterly dividend of $0.21 per share, payable on January 6, 2021.