BFC on Nasdaq
Bank First Corporation
Public bank in Wisconsin.1
Price unavailable
Last updated Oct 16, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement in the latest annual report, as filed.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Loans, including fees | $203.7M | $189.0M | $168.8M |
| Taxable | $11.3M | $10.3M | $8.5M |
| Tax-exempt | $943.0K | $964.0K | $1.0M |
| Other | $5.8M | $6.1M | $4.2M |
| Total interest income | $221.7M | $206.4M | $182.5M |
| Deposits | $63.6M | $64.2M | $42.4M |
| Securities sold under repurchase agreements | $22.0K | $1.8M | |
| Borrowed funds | $6.4M | $4.4M | $4.8M |
| Total interest expense | $70.1M | $68.6M | $49.0M |
| Net interest income | $151.7M | $137.8M | $133.5M |
| Provision for credit losses | $1.2M | -$800.0K | $4.7M |
| Net interest income after provision for credit losses | $150.4M | $138.6M | $128.8M |
| Service charges | $8.4M | $8.0M | $7.0M |
| Income from Ansay | $3.9M | $3.5M | $2.9M |
| "Income from UFS, LLC (""UFS"")" | $2.3M | ||
| Loan servicing income | $2.9M | $2.9M | $2.9M |
| Valuation adjustment on MSR | $281.0K | -$299.0K | $395.0K |
| Net gain on sales of mortgage loans | $1.8M | $1.3M | $897.0K |
| Gain on sale of UFS | $38.9M | ||
| Other | $4.8M | $4.2M | $2.8M |
| Total noninterest income | $22.2M | $19.7M | $58.1M |
| Salaries, commissions, and employee benefits | $42.5M | $40.9M | $40.4M |
| Occupancy | $7.8M | $6.0M | $5.7M |
| Data processing | $10.3M | $9.7M | $8.0M |
| Postage, stationery, and supplies | $950.0K | $932.0K | $1.5M |
| Net gain on sales and valuations of OREO | -$159.0K | -$694.0K | $2.1M |
| Net loss on sale of securities | $34.0K | $7.9M | |
| Advertising | $176.0K | $313.0K | $326.0K |
| Charitable contributions | $972.0K | $793.0K | $944.0K |
| Federal deposit insurance | $2.3M | $1.9M | $1.8M |
| Outside service fees | $5.2M | $4.6M | $4.5M |
| Amortization of intangibles | $5.0M | $5.8M | $6.3M |
| Other | $9.4M | $8.6M | $8.6M |
| Total noninterest expense | $84.5M | $78.8M | $88.1M |
| Income before provision for income taxes | $88.2M | $79.5M | $98.8M |
| Provision for income taxes | $16.7M | $13.9M | $24.3M |
| Net Income | $71.5M | $65.6M | $74.5M |
| Earnings per share - basic | $7.23 | $6.50 | $7.28 |
| Earnings per share - diluted | $7.23 | $6.50 | $7.28 |
Every line of the balance sheet in the latest annual report, as filed.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and due from banks | $55.3M | $59.2M | |
| Interest-bearing deposits | $187.9M | $202.2M | |
| Cash and cash equivalents | $243.2M | $261.3M | |
| Securities held to maturity, at amortized cost ($105,146 and $109,424 fair value at December 31, 2025 and December 31, 2024, respectively) | $103.7M | $110.8M | |
| Securities available for sale, at fair value ($171,796 and $235,909 amortized cost at December 31, 2025 and December 31, 2024, respectively) | $164.4M | $223.1M | |
| Loans held for sale | $6.2M | $3.1M | |
| Loans | $3.6B | $3.5B | |
| "Allowance for credit losses - loans (""ACL-Loans"")" | -$44.4M | -$44.2M | -$43.6M |
| Loans, net | $3.6B | $3.5B | |
| Premises and equipment, net | $79.2M | $71.1M | |
| Goodwill | $175.1M | $175.1M | |
| Other investments | $23.6M | $22.6M | |
| Cash value of life insurance | $61.1M | $61.5M | |
| Core deposit intangibles, net | $16.2M | $21.2M | |
| "Mortgage servicing rights (""MSR"")" | $13.7M | $13.4M | $13.7M |
| "Other real estate owned (""OREO"")" | $741.0K | $2.6M | |
| "Investment in Ansay and Associates, LLC (""Ansay"")" | $35.4M | $34.1M | |
| Other assets | $23.9M | $24.0M | |
| TOTAL ASSETS | $4.5B | $4.5B | |
| Interest-bearing deposits | $2.7B | $2.6B | |
| Noninterest-bearing deposits | $1.0B | $1.0B | |
| Total deposits | $3.7B | $3.7B | |
| Notes payable | $110.0M | $135.4M | |
| Subordinated notes | $12.0M | $12.0M | |
| Other liabilities | $44.5M | $46.9M | |
| Total liabilities | $3.9B | $3.9B | |
| Common stock - $0.01 par value; Authorized - 20,000,000 shares; Issued - 11,515,130 shares as of December 31, 2025 and December 31, 2024; Outstanding - 9,834,623 and 10,012,088 shares as of December 31, 2025 and December 31, 2024, respectively | $115.0K | $115.0K | |
| Additional paid-in capital | $333.8M | $333.8M | |
| Retained earnings | $417.0M | $398.0M | |
| Treasury stock, at cost - 1,680,507 and 1,503,042 shares as of December 31, 2025 and December 31, 2024, respectively | -$102.1M | -$82.9M | |
| Accumulated other comprehensive loss | -$5.0M | -$9.4M | |
| Total stockholders' equity | $643.8M | $639.7M | $619.8M |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $4.5B | $4.5B | |
| Securities held to maturity, fair value | $105.1M | $109.4M | |
| Securities available for sale, amortized cost | $171.8M | $235.9M | |
| Serial preferred stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Serial preferred stock, shares authorized | 5.0M shares | 5.0M shares | |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, shares authorized | 20.0M shares | 20.0M shares | |
| Common stock, shares issued | 11.5M shares | 11.5M shares | |
| Common stock, shares outstanding | 9.8M shares | 10.0M shares | |
| Treasury stock, shares | 1.7M shares | 1.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $71.5M | $65.6M | $74.5M |
| Provision for credit losses | $1.2M | -$800.0K | $4.7M |
| Depreciation and amortization of premises and equipment | $2.4M | $2.3M | $2.1M |
| Amortization of intangibles | $5.0M | $5.8M | $6.3M |
| Net accretion of securities | -$3.4M | -$3.4M | -$2.4M |
| Amortization of stock-based compensation | $2.1M | $2.2M | $2.1M |
| Accretion of purchase accounting valuations | -$2.9M | -$4.6M | -$6.9M |
| Net change in deferred loan fees and costs | -$772.0K | -$488.0K | -$1.4M |
| Expense (benefit) from deferred income taxes | $180.0K | $1.8M | -$1.7M |
| Change in fair value of MSR and other investments | -$1.3M | $296.0K | -$693.0K |
| Loss from sale and disposal of premises and equipment | $916.0K | $375.0K | $363.0K |
| Net (gain) loss on sale of OREO and valuation allowance | -$159.0K | -$694.0K | $2.1M |
| Proceeds from sales of mortgage loans | $169.3M | $118.2M | $74.7M |
| Originations of mortgage loans held for sale | -$170.7M | -$117.0M | -$76.2M |
| Gain on sales of mortgage loans | -$1.8M | -$1.3M | -$897.0K |
| Realized loss on sale of securities | $34.0K | $7.9M | |
| Realized gain on sale of UFS | -$38.9M | ||
| Net earnings on life insurance | -$1.6M | -$1.7M | -$1.5M |
| Increase in other assets | -$1.2M | -$3.0M | -$2.0M |
| (Decrease) increase in other liabilities | -$2.5M | $5.8M | $15.9M |
| Net cash provided by operating activities | $62.5M | $65.8M | $52.9M |
| Activity in securities available for sale and held to maturity: Sales | $10.2M | $76.0M | |
| Activity in securities available for sale and held to maturity: Maturities, prepayments, and calls | $287.3M | $206.4M | $126.7M |
| Activity in securities available for sale and held to maturity: Purchases | -$212.7M | -$302.2M | -$26.6M |
| Proceeds from other investments | $248.0K | ||
| Net increase in loans | -$84.7M | -$168.9M | -$37.4M |
| Proceeds from sale of UFS | $51.7M | ||
| Dividends received from UFS | $1.7M | ||
| Dividends received from Ansay | $2.6M | $2.3M | $1.9M |
| Proceeds from sale of OREO | $900.0K | $3.9M | $1.8M |
| "Net (purchase) sales of Federal Home Loan Bank (""FHLB"") stock" | $79.0K | -$1.3M | $262.0K |
| "Net purchases of Federal Reserve Bank (""FRB"") stock" | -$3.9M | ||
| Proceeds from life insurance | $2.0M | $1.4M | |
| Proceeds from sale of premises and equipment | $1.0K | $2.4M | |
| Purchases of premises and equipment | -$11.4M | -$7.2M | -$13.5M |
| Net cash received in business combination | $90.0M | ||
| Net cash (used in) provided by investing activities | -$16.0M | -$252.9M | $269.0M |
| Net increase (decrease) in deposits | $34.7M | $228.1M | -$159.4M |
| Net decrease in securities sold under repurchase agreements | -$75.7M | -$21.4M | |
| Proceeds from advances of notes payable | $220.0M | $140.0M | $121.7M |
| Repayment of notes payable | -$245.5M | -$40.0M | -$93.1M |
| Repayment of subordinated notes | -$11.5M | ||
| Repayment of junior subordinated debentures | -$4.1M | -$8.2M | |
| Dividends paid | -$52.5M | -$15.6M | -$12.0M |
| Proceeds from sales of common stock | $737.0K | $245.0K | $195.0K |
| Repurchase of common stock | -$22.0M | -$31.9M | -$10.0M |
| Net cash (used in) provided by financing activities | -$64.6M | $201.0M | -$193.8M |
| Net (decrease) increase in cash and cash equivalents | -$18.1M | $13.9M | $128.1M |
| Interest | $71.0M | $66.0M | $44.1M |
| Income taxes | $15.9M | $14.1M | $23.8M |
| Loans transferred to OREO | $412.0K | ||
| Closed branch building transferred to OREO | $1.7M | $2.6M | |
| MSR resulting from sale of loans | $2.0M | $1.3M | $879.0K |
| Amortization of unrealized holding gains on securities transferred from available for sale to held to maturity recognized in other comprehensive income, net of tax | -$1.0K | ||
| Change in unrealized loss on investment securities available for sale, net of tax | $4.3M | -$639.0K | -$1.1M |
| Common stock issued in acquisition | $115.1M |
Former names
- Bank First National CorpAug 15, 2018 to Jun 27, 20193
Timeline
- 1894Went public Listed on NASDAQ1
Recent filings
- Sep 11, 20264 OWNERSHIP DOCUMENT
- Aug 24, 20264 OWNERSHIP DOCUMENT
- Aug 7, 202610-Q
- Aug 6, 20263 OWNERSHIP DOCUMENT
- Aug 6, 20263 OWNERSHIP DOCUMENT
- Aug 6, 20263 OWNERSHIP DOCUMENT
- Aug 3, 2026424B3
- Aug 3, 2026EFFECT
- Jul 30, 2026S-4/A
- Jul 22, 20268-K/A
- Jul 21, 20268-K
- Jul 17, 2026S-4
- Jul 1, 20264 OWNERSHIP DOCUMENT
- Jun 26, 202611-K
- Jun 23, 20268-K
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- WikidataQ111384715
- SEC EDGARCIK 1746109
Sources
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