BFC · Bank First Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $2.40M | $2.30M | $2.07M | $1.51M | - | - |
| Operating Income | $88.17M | $79.51M | $98.79M | $49.88M | $59.97M | $49.88M |
| Interest Expense | - | - | $49.00M | $12.45M | $8.30M | $13.87M |
| Income Tax | $16.67M | $13.95M | $24.28M | $14.42M | $14.52M | $11.83M |
| Net Income | $71.50M | $65.56M | $74.51M | $45.21M | $45.44M | $38.05M |
| EPS - Basic | $7.23 | $6.50 | $7.28 | $5.58 | $5.92 | $5.07 |
| EPS - Diluted | $7.23 | $6.50 | $7.28 | $5.58 | $5.92 | $5.07 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $243.21M | $261.33M | $247.47M | $119.35M | $296.86M | $170.22M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $4.51B | $4.50B | $4.22B | $3.66B | $2.94B | $2.72B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | $7.96M | $23.34M |
| Total Liabilities | $3.86B | $3.86B | $3.60B | $3.21B | $2.61B | $2.42B |
| Stockholders' Equity | $643.84M | $639.68M | $619.80M | $453.10M | $322.65M | $294.86M |
| Retained Earnings | $417.00M | $398.00M | $348.00M | $295.50M | $258.10M | $221.39M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $62.48M | $65.85M | $52.95M | $40.01M | $40.28M | $43.96M |
| Investing Cash Flow | ($15.97M) | ($252.94M) | $269.00M | ($177.81M) | ($93.89M) | ($206.03M) |
| Financing Cash Flow | ($64.64M) | $200.95M | ($193.82M) | ($39.71M) | $180.24M | $245.83M |
| CapEx | $11.44M | $7.22M | $13.48M | $6.87M | $8.72M | $8.37M |
| Free Cash Flow | $51.04M | $58.62M | $39.46M | $33.14M | $31.57M | $35.59M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | 0.71 | 0.89 | 0.53 | 0.73 | 0.69 | 0.94 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 18.9% | 17.5% | 24.6% | 24.2% | 24.2% | 23.7% |
| Return on assets | 1.6% | 1.5% | 1.8% | 1.2% | 1.5% | 1.4% |
| Return on equity | 11.1% | 10.2% | 12.0% | 10.0% | 14.1% | 12.9% |
| Return on invested capital | - | - | - | - | 13.7% | 12.0% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | 0.02 | 0.08 |
| Debt / Assets | - | - | - | - | 0.00 | 0.01 |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | 2.0x | 4.0x | 7.2x | 3.6x |
| Equity multiplier | 7.00 | 7.03 | 6.81 | 8.08 | 9.10 | 9.22 |
| Liabilities / Assets | 0.86 | 0.86 | 0.85 | 0.88 | 0.89 | 0.89 |
| Efficiency | ||||||
| Asset turnover | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 16.8x | 15.2x | 11.9x | 16.6x | 12.2x | 12.8x |
| P / B | 1.9x | 1.6x | 1.4x | 1.7x | 1.7x | 1.6x |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | 10.6x | 9.0x | 6.3x | 12.3x | - | - |
| Growth | ||||||
| Revenue growth (YoY) | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 10.9% | -19.5% | 98.1% | -16.8% | 20.2% | 45.5% |
| Net income growth (YoY) | 9.0% | -12.0% | 64.8% | -0.5% | 19.4% | 42.5% |
| EPS growth (YoY) | 11.2% | -10.7% | 30.5% | -5.7% | 16.8% | 31.0% |
| EPS CAGR (3y) | 9.0% | 3.2% | 12.8% | 13.0% | 35.1% | - |
| EPS CAGR (5y) | 7.4% | 10.9% | 24.8% | - | - | - |
| FCF growth (YoY) | -12.9% | 48.6% | 19.1% | 5.0% | -11.3% | 131.4% |
| FCF CAGR (5y) | 7.5% | 30.7% | 24.6% | - | - | - |
| Book value growth (YoY) | 0.6% | 3.2% | 36.8% | 40.4% | 9.4% | 28.1% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- -Asset turnover improved
Peer comparison
Same SIC group: National Commercial Banks
Comparing Bank First Corp against the 5 most active filers in the same SIC group.
Dividends
$1.85/share trailing 12 months · -64.1% YoY
| Ex-date | Per share |
|---|---|
| Mar 25, 2026 | $0.5000 |
| Dec 24, 2025 | $0.4500 |
| Sep 24, 2025 | $0.4500 |
| Jun 25, 2025 | $0.4500 |
| May 9, 2025 | $3.5000 |
| Mar 26, 2025 | $0.4500 |
| Dec 23, 2024 | $0.4500 |
| Sep 25, 2024 | $0.4000 |
| Jun 26, 2024 | $0.3500 |
| Mar 26, 2024 | $0.3500 |
| Dec 26, 2023 | $0.3000 |
| Sep 19, 2023 | $0.3000 |
| Jun 20, 2023 | $0.3000 |
| Mar 21, 2023 | $0.2500 |
| Dec 20, 2022 | $0.2500 |
| Sep 20, 2022 | $0.2500 |
| Jun 21, 2022 | $0.2200 |
| Mar 22, 2022 | $0.2200 |
| Dec 21, 2021 | $0.2200 |
| Sep 21, 2021 | $0.5000 |
| Jun 22, 2021 | $0.2100 |
| Mar 23, 2021 | $0.2100 |
| Dec 22, 2020 | $0.2100 |
| Sep 22, 2020 | $0.2000 |