Bankfirst Cap Stock Price, News & Analysis

BankFirst Capital Corporation (OTCQX: BFCC) is a registered bank holding company in the commercial banking industry, operating within the finance and insurance sector. According to multiple company announcements, BankFirst Capital Corporation is headquartered in Columbus, Mississippi and serves as the parent company of BankFirst Financial Services, its wholly owned banking subsidiary. BankFirst Financial Services was founded in 1888 and is described as locally owned, controlled, and operated, reflecting its roots as a community-focused financial institution.

The Bank is headquartered in Macon, Mississippi and operates a network of branch offices across Mississippi and Alabama. Company disclosures state that BankFirst maintains branch locations in numerous Mississippi communities, including Bay Springs, Coldwater, Columbus, Flowood, Heidelberg, Hattiesburg, Hernando, Independence, Jackson, Laurel, Louin, Madison, Newton, Oxford, Petal, Senatobia, Southaven, Starkville, Taylorsville, Tupelo, Water Valley, and West Point. In Alabama, the Bank operates branches in Addison, Aliceville, Arley, Bear Creek, Carrollton, Curry, Double Springs, Fayette, Gordo, Haleyville, Northport, and Tuscaloosa. The Bank also operates loan production offices in Biloxi and Brookhaven, Mississippi, and in Birmingham and Huntsville, Alabama. These locations position BankFirst as a regional banking organization with a footprint focused on Mississippi and Alabama.

BankFirst Capital Corporation reports that it is a bank holding company with total assets in the multi-billion-dollar range, with press releases referencing total assets of approximately $2.8–$3.34 billion at various reporting dates. The company also reports substantial loan and deposit balances and notes that BankFirst Financial Services participates in programs such as the Federal Home Loan Bank of Dallas advance capacity and the Federal Reserve Bank of St. Louis discount window, as well as off-balance sheet liquidity through the IntraFi Insured Cash Sweep program. These disclosures highlight the company’s role as a community banking organization with access to multiple funding and liquidity sources.

Business model and services

BankFirst Capital Corporation’s business model is centered on owning and operating BankFirst Financial Services, which provides banking services to businesses and consumers. Company press releases state that BankFirst offers services for businesses and consumers and specifically mention internet banking, no-fee ATM access, checking, certificate of deposit (CD) and money market accounts, merchant services, mortgage loans, and remote deposit capture. The bank also originates secondary market mortgages, some of which are retained to hold in-house, as discussed in several earnings releases. These activities indicate that the company’s primary revenue-generating activities are related to traditional commercial banking, including lending and deposit-taking, along with fee-based services such as mortgage banking and merchant services.

BankFirst’s earnings releases describe net interest income, net interest margin, loan balances, and deposit balances, reflecting a typical commercial banking income structure where interest income on loans and securities, less interest expense on deposits and borrowings, is a core driver of performance. Noninterest income items such as mortgage banking revenue are also discussed, indicating that fee-based income forms another component of the business model. The company also discusses credit quality metrics, including non-performing assets, net charge-offs, and allowance for credit losses, underscoring its focus on managing credit risk within its loan portfolio.

Community banking focus and regulatory programs

In multiple disclosures, BankFirst Capital Corporation emphasizes that BankFirst Financial Services is locally owned, controlled, and operated, and that it functions as a community bank. The company notes participation in the Emergency Capital Investment Program (ECIP) administered by the U.S. Department of the Treasury, under which it issued senior perpetual noncumulative preferred stock to Treasury. Press releases explain that the dividend rate on this preferred stock is tied to the bank’s extensions of credit to minority, rural, and urban low-income and underserved communities and low- and moderate-income borrowers. The company also notes that BankFirst is treated as a Community Development Financial Institution (CDFI) in the context of ECIP and has received a grant award under the CDFI Financial Assistance Program.

BankFirst has entered into an ECIP Securities Purchase Option Agreement with Treasury, which grants the company an option to purchase all of the ECIP-related preferred stock during a defined option period, subject to meeting specified “Threshold Conditions” related to lending activity and other eligibility criteria. Company disclosures describe conditions such as “Deep Impact Lending” and “Qualified Lending” percentages over specified consecutive quarters, as well as potential purchase price calculations based on present value. These details illustrate how BankFirst’s capital structure includes government-issued preferred stock tied to its lending to targeted communities.

Growth through acquisitions and capital actions

BankFirst Capital Corporation has described growth through acquisitions and capital management actions. The company reported the acquisition of Mechanics Banc Holding Company, effective January 1, 2023, which resulted in the assumption of additional ECIP-related preferred stock. More recently, BankFirst announced and then completed the acquisition of The Magnolia State Corporation and Magnolia State Bank, headquartered in Bay Springs, Mississippi. A press release dated March 21, 2025 described the signing of a definitive merger agreement with Magnolia, and a subsequent release dated July 1, 2025 confirmed completion of the acquisition. Following this transaction, BankFirst reported having 52 offices serving Mississippi and Alabama, with total assets of approximately $3.2 billion, gross loans of approximately $2.2 billion, and total deposits of approximately $2.8 billion as of the acquisition date.

BankFirst Capital Corporation has also disclosed stock repurchase programs authorized by its board of directors. Press releases describe a repurchase program authorized in May 2024 for up to $10.0 million of common stock and a subsequent program authorized on May 21, 2025, also for up to $10.0 million of common stock, with repurchases permitted through open market purchases or privately negotiated transactions, and potentially under Rule 10b5-1 trading plans. The company has reported periodic repurchases under these programs and has emphasized that the extent and timing of repurchases depend on factors such as stock price performance, market conditions, regulatory requirements, and availability of funds.

Dividends and shareholder returns

BankFirst Capital Corporation has communicated a pattern of returning capital to shareholders through cash dividends. Press releases dated November 20, 2024 and November 19, 2025 report that the board of directors declared cash dividends of $1.00 per share and $1.05 per share, respectively, payable to shareholders of record on specified dates. These announcements describe the dividends as annual dividends for the respective years. In addition to dividends on its common stock, the company discloses dividend payments on its ECIP preferred stock held by Treasury, with quarterly dividends paid in arrears on specified dates.

Financial performance and risk management themes

In its quarterly and annual earnings releases, BankFirst Capital Corporation discusses net income, net interest income, net interest margin, loan and deposit growth, liquidity sources, and credit quality metrics. The company repeatedly notes that credit quality remains a key focus, citing ratios of non-performing assets to total assets, net charge-offs to average loans, and allowance for credit losses as a percentage of total loans and nonperforming loans. Management commentary highlights monitoring of economic uncertainty, particularly in the commercial real estate market, and notes that additional provisions for credit losses may be necessary in future periods.

The company also provides information on its liquidity and capital position, including available borrowing capacity from the Federal Home Loan Bank of Dallas and the Federal Reserve Bank of St. Louis discount window, as well as access to funding through correspondent bank relationships. It describes limited reliance on wholesale funding and, at certain reporting dates, the absence of brokered deposits. BankFirst further explains its regulatory capital framework, including the Basel III Rules and the Community Bank Leverage Ratio (CBLR) framework, and notes that it and its bank subsidiary have elected to opt into the CBLR framework as qualifying community banking organizations.

Trading and market information

BankFirst Capital Corporation’s common stock is quoted on the OTCQX market under the symbol BFCC. Earnings releases reference trading data from OTCQX, including the number of trades, total shares traded, aggregate trading value, and closing share prices at various quarter-end dates, along with corresponding market capitalization figures. These disclosures indicate that BFCC is traded in the over-the-counter market rather than on a national securities exchange, and they provide context for the liquidity and valuation of the company’s common stock.

FAQs about BankFirst Capital Corporation (BFCC)

• What is BankFirst Capital Corporation?
  BankFirst Capital Corporation is a registered bank holding company headquartered in Columbus, Mississippi. It is the parent company of BankFirst Financial Services, a community bank that provides services to businesses and consumers, as described in the company’s press releases.
• What industry and sector does BFCC operate in?
  According to the provided classification, BankFirst Capital Corporation operates in the commercial banking industry within the finance and insurance sector, reflecting its role as a bank holding company.
• Who is BankFirst Financial Services?
  BankFirst Financial Services is the wholly owned banking subsidiary of BankFirst Capital Corporation. Company disclosures state that it was founded in 1888, is locally owned, controlled, and operated, and serves customers through branches and loan production offices in Mississippi and Alabama.
• Where is BankFirst Capital Corporation headquartered?
  Press releases identify BankFirst Capital Corporation as headquartered in Columbus, Mississippi. The BankFirst Financial Services bank subsidiary is headquartered in Macon, Mississippi.
• What geographic markets does BankFirst serve?
  According to company announcements, BankFirst Financial Services operates branch offices in multiple communities across Mississippi and Alabama, including cities such as Macon, Columbus, Hattiesburg, Jackson, Oxford, Starkville, Tupelo, Water Valley, West Point, Addison, Aliceville, Northport, and Tuscaloosa, among others. It also operates loan production offices in Biloxi and Brookhaven, Mississippi, and in Birmingham and Huntsville, Alabama.
• What services does BankFirst offer to customers?
  BankFirst states that it offers services for businesses and consumers, including internet banking, no-fee ATM access, checking, CD, and money market accounts, merchant services, mortgage loans, remote deposit capture, and other banking services. The bank also originates secondary market mortgages, some of which it retains in its loan portfolio.
• How does BankFirst participate in government capital programs?
  The company reports that it issued senior perpetual noncumulative preferred stock to the U.S. Department of the Treasury under the Emergency Capital Investment Program (ECIP) and later assumed additional ECIP-related preferred stock through acquisitions. It has also entered into an ECIP Securities Purchase Option Agreement that may allow it to repurchase this preferred stock if specified Threshold Conditions and eligibility criteria are met.
• Has BankFirst grown through acquisitions?
  Yes. BankFirst Capital Corporation reports that it acquired Mechanics Banc Holding Company effective January 1, 2023, and that it signed and then completed a definitive merger agreement to acquire The Magnolia State Corporation and Magnolia State Bank, with the Magnolia acquisition effective July 1, 2025. These transactions expanded the company’s assets, loans, deposits, and office network.
• Does BankFirst pay dividends to common shareholders?
  Yes. Press releases dated November 20, 2024 and November 19, 2025 state that the board of directors declared annual cash dividends of $1.00 and $1.05 per share of common stock, respectively, payable to shareholders of record on specified dates.
• What stock repurchase activity has BankFirst disclosed?
  BankFirst has announced stock repurchase programs authorizing up to $10.0 million of common stock repurchases in 2024 and again in 2025. The company reports that repurchases may occur through open market or privately negotiated transactions and that actual repurchase activity depends on factors such as stock price, market conditions, regulatory requirements, and available funds.
• On what market does BFCC trade?
  Company disclosures identify that BankFirst Capital Corporation’s common stock is quoted on the OTCQX market under the ticker symbol BFCC. Earnings releases reference trading activity and closing prices reported by OTCQX.