BankFirst Capital Corporation (BFCC) reports company developments tied to its role as the public parent of BankFirst Financial Services, its wholly owned subsidiary bank. Recurring news includes operating and financial results, cash dividend declarations, capital-structure disclosures, governance matters, shareholder voting items and material agreements.
The company's updates focus on bank holding company actions, common-stock dividends, board-level decisions and financial reporting for an OTCQX-traded issuer.
BankFirst Capital Corporation (OTCQX: BFCC) has reported a record quarterly net income of $4.3 million or $0.81 per share for Q1 2021, reflecting a 48% increase year-over-year. Total assets have risen 35% to $1.78 billion compared to Q1 2020, largely due to organic growth and participation in the Paycheck Protection Program (PPP). Non-interest income increased 32% to $6 million, driven by higher mortgage lending income. However, net interest income decreased 1% to $12.7 million due to Federal Reserve interest rate cuts, and net loans outstanding were down 1% from the previous quarter.
BankFirst Capital Corporation (OTCQX: BFCC) will present live at VirtualInvestorConferences.com on March 10, 2021, at 11:00 AM ET. The event will feature Moak Griffin, President and CEO, and Luke Yeatman, CFO, allowing real-time interaction with investors. An archived webcast will be available for those unable to attend live. Investors are encouraged to pre-register and run system checks for a smooth experience. BankFirst, with assets of $1.7 billion, operates multiple branches across Mississippi and Alabama, offering diverse banking services.
BankFirst Capital Corporation (OTCQX: BFCC) announced the retirement of William L. Freeman, Jr. from its board of directors, effective February 17, 2021. His retirement was not due to any disagreements with the company. Freeman will remain a director of the Bank. To fill his vacancy, Dr. Melinda W. Pilkinton has been appointed to the board. Dr. Pilkinton brings over 20 years of experience as a social science researcher and holds degrees from Mississippi State University and the University of Southern Mississippi. BankFirst has been operational since 1888 and is a $1.7 billion financial institution.