Bank First (BFC) OKs 2-year, $60M-per-year stock repurchase plan

Rhea-AI Filing Summary

Bank First Corporation renewed its share repurchase program, authorizing the company to buy back up to $60 million of common stock per year for two years, ending on April 20, 2028. The company may repurchase shares in open market or privately negotiated transactions at its discretion, depending on market conditions and other factors.

Insights

Bank capital allocation analyst

Bank First renewed a flexible $60M-a-year stock buyback through 2028.

Bank First Corporation has renewed a share repurchase program allowing buybacks of up to $60 million of common stock per year for two years, ending on April 20, 2028. Repurchases can be made in the open market or via privately negotiated deals.

Because the authorization is framed as "up to" a maximum, actual repurchase activity will depend on market conditions and internal capital needs. The disclosure emphasizes that timing, price, volume and nature of any repurchases will vary based on these factors.

The program provides a framework for potential capital return but does not commit the company to specific purchase amounts. Future disclosures in company filings can clarify how much of the $60 million-per-year capacity is actually utilized during the authorized period.

8-K Event Classification

Item 7.01 — Regulation FD Disclosure

1 item

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Key Figures

Annual repurchase authorization: $60 million per year Program duration: 2 years Program end date: April 20, 2028

3 metrics

Annual repurchase authorization $60 million per year Maximum common stock buybacks authorized under renewed program

Program duration 2 years Renewed repurchase program length

Program end date April 20, 2028 End of period during which repurchases may be made

Key Terms

share repurchase program, open market transactions, privately negotiated transactions

3 terms

share repurchase program financial

"renewed its share repurchase program, pursuant to which the Company may repurchase up to $60 million"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

open market transactions financial

"The Company may repurchase shares from time to time in open market transactions or through privately negotiated transactions"

Open market transactions are the buying and selling of a company’s shares or other securities conducted on public exchanges or through the wider market rather than through private deals or negotiated placements. They matter to investors because these trades change supply and demand in real time—like shoppers affecting a store’s inventory—and so can move prices, signal management or investor sentiment, affect liquidity, and alter ownership stakes that influence future returns and risk.

privately negotiated transactions financial

"in open market transactions or through privately negotiated transactions at the Company’s discretion"

Privately negotiated transactions are deals made directly between parties without involving a public marketplace or open auction. They are like private sales between two individuals rather than items sold at a busy marketplace open to everyone. For investors, these transactions can offer more tailored terms and privacy, but they may also carry different risks and less transparency compared to public exchanges.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)   April 22, 2026

Bank First Corporation

(Exact name of registrant as specified in its charter)

Wisconsin	001-38676	39-1435359
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

402 North 8th Street, Manitowoc, WI	54220
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code   (920) 652-3100

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Ticker symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	BFC	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for company with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 7.01 Regulation FD Disclosure

On April 21, 2026, Bank First Corporation (the “Company”) renewed its share repurchase program, pursuant to which the Company may repurchase up to $60 million of its common stock, per year for a period of two (2) years, ending on April 20, 2028. The Company may repurchase shares from time to time in open market transactions or through privately negotiated transactions at the Company’s discretion and in accordance with applicable securities laws. The timing, price, volume and nature of any share repurchases will be based on market conditions and other factors.

Pursuant to General Instruction B.2 of Form 8-K, the information in this Item 7.01 is being furnished to the Securities and Exchange Commission and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities under that Section. Furthermore, the information in this Item 7.01 shall not be deemed to be incorporated by reference into the filings of the Registrant under the Securities Act of 1933, as amended, or the Exchange Act.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BANK FIRST CORPORATION
Date: April 22, 2026	By:	/s/ Kevin M. LeMahieu
		Kevin M. LeMahieu
		Chief Financial Officer

FAQ

What did Bank First Corporation (BFC) announce in this 8-K filing?

Bank First Corporation renewed its share repurchase program. The company may repurchase up to $60 million of its common stock per year for two years, ending April 20, 2028, using open market or privately negotiated transactions at its discretion.

How large is Bank First Corporation’s renewed share repurchase authorization?

The renewed program allows up to $60 million in repurchases per year. Bank First Corporation may buy back as much as $60 million of its common stock annually over a two-year period, subject to market conditions and other considerations described in the filing.

How long will Bank First Corporation’s renewed buyback program run?

The repurchase program runs for two years, ending April 20, 2028. During this period, Bank First Corporation can repurchase up to $60 million of common stock per year, with actual activity determined by market conditions and internal factors.

How can Bank First Corporation (BFC) execute share repurchases under this program?

Repurchases may occur in open market or privately negotiated transactions. Bank First Corporation has discretion over timing, price, volume and nature of buybacks, provided transactions comply with applicable securities laws and reflect prevailing market conditions.

Does Bank First’s renewed repurchase program obligate it to buy back shares?

No, the program authorizes but does not require repurchases. The company may buy back up to $60 million of stock per year, but actual repurchases will depend on market conditions and other factors described in the disclosure.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.0 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 33.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 21.9 KB