Bank First Corp SEC Filings

Bank First Corporation is a community-focused bank holding company headquartered in Manitowoc, Wisconsin, with 38 offices across Wisconsin and northern Illinois. Through Bank First, N.A., it offers a full suite of retail and commercial banking services to businesses, professionals and consumers.

As of December 31, 2025, the company reported total assets of $4.51 billion, total loans of $3.60 billion, total deposits of $3.70 billion and stockholders’ equity of $643.8 million. Real estate loans were $2.67 billion, or 74.1% of loans, and nonaccrual loans were $5.8 million, only 0.2% of total loans, indicating strong asset quality.

The strategic plan is organized around regulatory CAMELS components plus information technology, emphasizing disciplined credit, relationship-based growth, selective acquisitions, and interest rate neutrality. The acquisition of Centre 1 Bancorp, Inc. on January 1, 2026, supports this expansion strategy.

Bank First Corp Chairman and CEO Michael B. Molepske reported a Form 4 showing a bona fide gift of 1,450 shares of Bank First Corp common stock on February 18, 2026. The gifted shares were held indirectly by a trust, which now holds 47,449 shares after the transfer. Following the same date, Molepske’s direct ownership is listed at 52,928 common shares, and an additional 1,082 shares are held indirectly by his spouse. The reported gift transaction lists a reference price of $146.53 per share.

Bank First Corp director Eldred Steven M reported selling a total of 16,000 shares of Bank First common stock in two open-market transactions. On 02/06/2026, he sold 8,000 shares at $145.02 each, and on 02/11/2026, he sold another 8,000 shares at $151.95 each.

After these sales, he directly owns 125,680 common shares. He also has indirect beneficial ownership through trusts holding 31,065, 11,287, and 14,424 shares, indicating he continues to hold a significant stake in the company.

Bank First Corp director Todd A. Sprang bought additional company stock in the open market. On 01/27/2026, he purchased 150 shares of Bank First common stock at a price of $141.06 per share. Following this transaction, he beneficially owned 1,158 shares, including shares accumulated through dividend reinvestment plans.

The Vanguard Group filed an amended Schedule 13G reporting beneficial ownership of 598,817 shares of Bank First Corp common stock, representing 6.08% of the outstanding class.

Vanguard reports shared voting power over 69,224 shares and shared dispositive power over all 598,817 shares, with no sole voting or dispositive power. The filing notes an internal realignment on January 12, 2026, after which certain Vanguard subsidiaries are expected to report beneficial ownership separately while pursuing the same investment strategies. Vanguard states the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Bank First. The filing also explains that Vanguard’s clients have rights to dividends and sale proceeds, and that no other single person has more than a 5% interest in these securities.

Bank First Corp director Eldred Steven M filed an initial ownership report showing his holdings of the company’s common stock. He beneficially owns 141,680 shares directly and an additional 56,776 shares indirectly held in a trust, reflecting his equity stake as a board member.

Bank First Corporation filed a current report to disclose that it has announced its earnings for the quarter ended December 31, 2025. The earnings details are provided in a separate press release that is attached as Exhibit 99.1 and incorporated by reference into the report. The company states that this earnings information is being furnished, not filed, which means it is not subject to certain liability provisions of the Securities Exchange Act and is not automatically incorporated into other Securities Act or Exchange Act filings.

Bank First Corporation reported a leadership change, announcing that Steven M. Eldred has been elected to its Board of Directors, effective January 13, 2026. This expands the company’s board and brings an additional voice into its governance and strategic oversight. The company also referenced a related press release dated January 20, 2026 providing further details.

Bank First Corporation (BFC) reported higher profitability for Q3 2025. Net income rose to $17.99 million from $16.55 million a year ago, with diluted EPS of $1.83 versus $1.65. Net interest income increased to $38.25 million from $35.88 million as loan interest rose, while interest expense declined year over year.

For the first nine months, net income reached $53.11 million (up from $48.02 million) on net interest income of $111.49 million. Noninterest income improved, led by gains in service charges, loan sales, and Ansay income. Noninterest expense was higher, reflecting staffing, data processing, FDIC premiums, and intangible amortization.

The balance sheet showed loans of $3.63 billion and deposits of $3.54 billion at September 30, 2025. Cash and equivalents were $126.18 million. Stockholders’ equity was $628.13 million, with accumulated other comprehensive loss narrowing. Financing cash flows reflected $48.06 million in dividends, $22.04 million in share repurchases, and a net deposit outflow. Shares outstanding were 9,835,013 as of November 7, 2025.