Bankfirst Cap Corp Stock Price, News & Analysis

BankFirst Capital Corporation (OTCQX: BFCC) declared a cash dividend of $0.85 per share on November 17, 2022. This dividend is payable on December 9, 2022, for shareholders recorded as of December 1, 2022. With total assets around $2.2 billion as of September 30, 2022, the company continues to exhibit confidence in shareholder returns through consistent dividend payments. This marks a continued commitment to rewarding investors amidst a stable financial backdrop.

BankFirst Capital Corporation (OTCQX:BFCC) has successfully completed its acquisition of Tate Financial Corporation and its subsidiary, Sycamore Bank, enhancing its operational footprint in Mississippi and Alabama. This strategic move expands BankFirst's network to 38 offices, with total assets now approximated at $2.5 billion, gross loans at $1.4 billion, and total deposits reaching $2.1 billion. Key executives from Sycamore Bank have transitioned to roles within BankFirst, signaling a consolidation of leadership.

BankFirst Capital Corporation (OTCQX: BFCC) announced a definitive merger agreement to acquire Mechanics Banc Holding Company, the parent of Mechanics Bank, for all-cash consideration. This transaction, approved by both boards, is expected to close in Q1 2023, pending shareholder and regulatory approvals. BankFirst aims to expand its presence in the Water Valley and Oxford markets, enhancing community banking services with over 264 years of combined experience. Post-merger, BankFirst will operate 47 offices across Mississippi and Alabama, boasting assets exceeding $2.7 billion.

BankFirst Capital Corporation (OTCQX:BFCC) announced the opening of a new loan production office (LPO) in Tupelo, Mississippi, enhancing its market presence in northeast Mississippi. The LPO, located at 431 West Main Street, will be overseen by Jamie Osbirn, who has over 20 years of banking experience in the area. With this addition, BankFirst now operates 36 offices across Mississippi and Alabama, boasting assets exceeding $2 billion. President Moak Griffin expressed enthusiasm for serving the community's lending needs with this expansion.

BankFirst Capital Corporation (OTCQX: BFCC) has announced the opening of a new loan production office in Birmingham, Alabama. This expansion aims to enhance their footprint in the Alabama market, with the new office being managed by Stephen Walker, who brings over 18 years of financial services experience. With the establishment of this office, BankFirst now operates 41 offices across Mississippi and Alabama, boasting total assets exceeding $2.0 billion as of March 31, 2022.

BankFirst Capital Corporation (OTCQX:BFCC) announced the successful issuance of $175.0 million in senior perpetual noncumulative preferred stock to the U.S. Department of the Treasury, part of the Emergency Capital Investment Program (ECIP). This investment qualifies as Tier 1 capital for regulatory purposes and will pay non-cumulative dividends quarterly, starting after a two-year period. The program supports small and minority-owned businesses in underserved areas. BankFirst aims to redeem the preferred stock after five years, pending regulatory approval.

BankFirst Capital Corporation (OTCQX: BFCC) reported a fourth-quarter net income of $4.4 million or $0.84 per share, down from $5.3 million or $1.01 per share in Q3 2021, but up from $3.9 million or $0.76 per share in Q4 2020. For the entire year, net income reached $18.3 million, or $3.47 per share, a 36% increase compared to 2020. The company completed the acquisition of The Citizens Bank of Fayette, increasing total assets to approximately $2 billion. Participation in the Emergency Capital Investment Program could provide up to $175 million in investments.

BankFirst Capital Corporation (OTCQX:BFCC) has completed its acquisition of The Citizens Bank of Fayette, expanding its operations to 32 offices across Mississippi and Alabama. This strategic move increases BankFirst's total assets to approximately $2.0 billion, gross loans to $1.2 billion, and total deposits to $1.8 billion. Key executives from Citizens Bank are joining BankFirst, enhancing leadership in the Fayette region. The transaction is expected to create synergies and strengthen the bank's presence in the southeastern U.S.

BankFirst Capital Corporation (OTCQX: BFCC) has declared a cash dividend of $0.68 per share, payable on December 10, 2021, to shareholders of record as of December 1, 2021. This announcement was made by Moak Griffin, President and CEO of the company. BankFirst Capital Corporation, based in Columbus, Mississippi, has approximately $1.8 billion in total assets and operates numerous branches across Mississippi and Alabama.