Welcome to our dedicated page for Bankfirst Cap news (Ticker: BFCC), a resource for investors and traders seeking the latest updates and insights on Bankfirst Cap stock.
BankFirst Capital Corporation (NASDAQ: BFCC) maintains this dedicated news hub for investors and stakeholders tracking developments at this Mississippi-based community banking institution. Our curated collection provides official press releases and verified financial updates directly from the company.
This resource serves as your primary source for BFCC's strategic announcements, including quarterly earnings disclosures, leadership transitions, product launches, and regulatory filings. Users gain streamlined access to material information affecting the bank's operational performance and market position.
The archive features updates across key operational areas: financial results, branch network expansions, digital banking enhancements, and community development initiatives. All content undergoes verification to ensure compliance with financial disclosure standards.
Bookmark this page for convenient access to BFCC's latest corporate communications. For comprehensive analysis of these developments, consult our educational resources on evaluating banking sector investments.
BankFirst Capital (OTCQX: BFCC) reported Q3 2024 net income of $6.4 million, or $0.97 per share, compared to $6.5 million in Q2 2024 and $8.4 million in Q3 2023. Key metrics show total assets increased 2% to $2.8 billion, total gross loans grew 3% to $1.84 billion, and deposits rose 3% to $2.4 billion year-over-year. The bank maintains strong liquidity with approximately $985.2 million in available sources and credit quality remains robust with non-performing assets at 0.47%. Net interest income was $21.2 million with a margin of 3.44%, while the cost of funds was 2.04%.
BankFirst Capital (OTCQX: BFCC) reported net income of $6.5 million, or $1.09 per share, for Q2 2024, compared to $6.2 million in Q2 2023. Key highlights include:
- Total assets increased 3.6% to $2.8 billion
- Gross loans grew 5% to $1.8 billion
- Deposits rose 3.7% to $2.3 billion
- Net interest income was $20.9 million
- Net interest margin improved to 3.46%
- Credit quality remains strong with non-performing assets at 0.41%
The company announced a $10 million stock repurchase program and repurchased $7.5 million of subordinated notes. BankFirst also paid its first quarterly dividend of $595,000 on preferred stock issued to the U.S. Treasury under the Emergency Capital Investment Program.
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.
FAQ
What is the current stock price of Bankfirst Cap (BFCC)?
What is the market cap of Bankfirst Cap (BFCC)?
