Welcome to our dedicated page for Bank First SEC filings (Ticker: BFC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Bank First Corporation filings document its bank holding company operations, Nasdaq-listed common stock and disclosures for Bank First, N.A. Form 8-K reports furnish quarterly earnings, financial condition updates, share repurchase authorization, board appointments and completed bank merger disclosures.
Proxy materials cover annual meeting voting, director elections, executive compensation, auditor matters and corporate governance. The filing record also reflects capital-structure information for BFC common stock and material-event reporting related to acquisitions, governance changes and shareholder matters.
Bank First Corporation expanded significantly and reported higher profitability for the quarter ended June 30, 2026. Quarterly net income was $24.7M, up from about $16.9M a year earlier, with diluted EPS of $2.21 versus $1.71. Net interest income was $55.0M compared with $36.7M, and noninterest income was $10.0M versus $4.9M.
Total assets were about $5.95B, loans $4.52B, and deposits $4.99B, including the impact of the January 1, 2026 acquisition of Centre 1 Bancorp, Inc. Centre shareholders received 0.9200 Bank First shares per Centre share; total consideration was approximately $168.8M, largely via 1,382,940 new shares, creating about $70.2M of goodwill and a $31.9M core deposit intangible.
The allowance for credit losses on loans was $56.0M, with an additional $4.0M allowance on unfunded commitments, and there was no provision for credit losses in the first half of 2026. On May 19, 2026 the company agreed to merge with PSB Holdings, Inc., a transaction expected to close on December 4, 2026; based on June 30, 2026 data, the combined entity would have roughly $7.5B in assets, $5.6B in loans, and $6.2B in deposits.
Bank First Corp lists Kantamneni SriRaj as the sole reporting person, identified as a director of the company. A Form 3 is submitted for this individual, and an Exhibit 24 Power of Attorney is referenced in the exhibit list.
Bank First Corp director Pearson Tracy C submitted an initial insider ownership report as a director of the company. The report does not list any common stock or derivative security positions and reports no insider buy, sell, or other transactions for this reporting person.
Bank First Corp director William J. Ring reported initial beneficial ownership of 2590 shares of Bank First Corp common stock on June 16, 2026. These shares are held indirectly through a trust, and no purchase or sale transactions are reported in this statement.
Bank First Corporation plans to acquire PSB Holdings, Inc. in a stock-for-stock merger where each PSB common share will be converted into 0.3470 of a Bank First common share, with cash paid for fractional shares. The exchange ratio is fixed, so the number of Bank First shares issuable is set, but the dollar value to PSB holders will fluctuate with Bank First’s market price.
Based on Bank First’s May 18, 2026 price of $143.66, the merger terms implied about $49.85 per PSB share versus PSB’s $27.60 price, an 80.6% premium; using the July 29, 2026 Bank First price of $151.78, the implied value was $52.67 versus PSB’s $50.67. The merger consideration can be adjusted downward if PSB’s tangible book value at closing is below $122,837,000.
PSB’s 7,200 preferred shares will be redeemed immediately before closing in exchange for Bank First promissory notes at $1,000 per preferred share, bearing 8.83% fixed interest and maturing October 1, 2027. The merger is subject to approval by at least two-thirds of PSB common and preferred shares (voting separately), regulatory approvals, tax opinions that the transaction qualifies as a Section 368(a) reorganization, and a cap on dissenting common shares of 5%.
Bank First Corporation is proposing a stock-for-stock acquisition of PSB Holdings, Inc. under a May 19, 2026 merger agreement. Each PSB common share will be converted into 0.3470 of a share of Bank First common stock, with cash paid instead of fractional shares and a possible downward adjustment if PSB’s tangible book value is below $122,837,000 at closing.
The deal is structured to qualify as a tax-free reorganization for PSB common shareholders, while PSB preferred holders will have their shares redeemed for Bank First promissory notes bearing 8.83% interest and maturing October 1, 2027. Completion requires regulatory approvals and approval by at least two-thirds of PSB common and preferred shares, with dissenters’ rights available to PSB common holders and the merger terminable if more than 5% of those shares exercise such rights.
Bank First Corporation filed an amended report to correct the anticipated closing date of its Peoples acquisition in a previously issued earnings release; financial results remain unchanged. For the quarter ended June 30, 2026, net income was $24.7 million, or $2.21 per share, compared with $16.9 million, or $1.71 per share, in the prior-year second quarter. For the first six months of 2026, net income was $44.7 million, or $3.99 per share, versus $35.1 million, or $3.53 per share, for the same period in 2025. Adjusted non-GAAP net income for the second quarter was $27.3 million, or $2.45 per share, up from $16.7 million, or $1.69 per share, a year earlier.
The acquisition of Centre, which added $1.48 billion in assets on January 1, 2026 and increased total assets by 33%, helped lift net interest income to $55.0 million and expand net interest margin to 4.13%, from 3.72% in the prior-year quarter. No provision for credit losses was recorded in the second quarter, supported by a $12.8 million addition to the allowance at closing and modest loan contraction excluding Centre. At June 30, 2026, total assets were $5.95 billion, loans were $4.52 billion, and deposits were $4.99 billion. Nonperforming assets were $27.8 million, or 0.47% of total assets, while stockholders’ equity was $819.3 million, supporting book value per share of $73.95 and tangible book value per share of $47.92. The board declared a quarterly dividend of $0.60 per share, up $0.05 from the prior quarter and $0.15 from the prior-year second quarter.
Bank First Corporation reported higher earnings for the quarter ended June 30, 2026. Net income was $24.7 million, or $2.21 per share, compared with $16.9 million, or $1.71 per share, in the prior-year quarter. For the first six months of 2026, net income was $44.7 million, or $3.99 per share, up from $35.1 million, or $3.53 per share, a year earlier.
Results were significantly influenced by the January 1, 2026 acquisition of Centre 1 Bancorp, Inc., which added $1.48 billion in assets and new trust and wealth management revenue. Net interest income rose to $55.0 million in Q2, with net interest margin expanding to 4.13% from 3.72% a year ago, aided by purchase accounting accretion and improved spreads on earning assets and funding costs.
Total assets reached $5.95 billion, loans $4.52 billion, and deposits $4.99 billion at June 30, 2026, with nearly all deposits characterized as core. Asset quality metrics remained moderate: nonperforming assets were $27.8 million, or 0.47% of assets. Stockholders’ equity increased to $819.3 million, book value per share to $73.95, and tangible book value per share to $47.92. The board declared a quarterly dividend of $0.60 per share, up 9.1% from the prior quarter and 33.3% from the prior-year quarter.
Bank First Corporation is registering shares of its common stock on Form S-4 to acquire PSB Holdings, Inc. in an all‑stock merger. Each share of PSB common stock will be converted into 0.3470 of a share of Bank First common stock, with cash paid in lieu of fractional shares and a potential downward adjustment if PSB’s tangible book value is below $122,837,000 at closing.
PSB preferred stock will be redeemed immediately prior to closing in exchange for Bank First promissory notes bearing 8.83% interest and maturing on October 1, 2027. The PSB board unanimously recommends shareholders vote for the merger; completion requires approval by PSB common and preferred shareholders, regulatory approvals, and that dissenters’ rights are not validly exercised for more than 5% of PSB common shares.