Zacks Investment Research·Jun 17, 2026
New Strong Sell Stocks for June 17thBFC, BSM and SKY have been added to the Zacks Rank #5 (Strong Sell) List on June 17, 2026.
Bank First Corporation(BFC)Earnings, Financials & Key Ratios
BFC•NASDAQ•Banking & Credit
$149.57
20.7× P/E·Price updated Jul 7, 2026
AboutBank First Corporation operates as a holding company for Bank First N.A. that provides consumer and commercial financial services to businesses, professionals, consumers, associations, individuals, and governmental authorities in Wisconsin. The company offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products. It also provides credit cards; ATM processing; insurance; data processing and other information technology; investment and safekeeping; treasury management; and online, telephone, and mobile banking services. The company's loan products include real estate loans, including commercial real estate, residential mortgage, and home equity loans; commercial and industrial loans for working capital, accounts receivable, inventory financing, and other business purposes; construction and development loans; residential 1-4 family loans; and consumer loans for personal and household purposes, including secured and unsecured installment loans, and revolving lines of credit. It operates through 21 offices in Manitowoc, Outagamie, Brown, Winnebago, Sheboygan, Waupaca, Ozaukee, Monroe, and Jefferson counties in Wisconsin. The company was formerly known as Bank First National Corporation and changed its name to Bank First Corporation in June 2019. Bank First Corporation was founded in 1894 and is headquartered in Manitowoc, Wisconsin.Show more
- Net Interest Income$152M+10.1%
- Total Revenue$240M+7.7%
- Net Income$71M+9.0%
- Return on Equity11.14%+7.0%
- Net Interest Margin3.35%+9.4%
- Efficiency Ratio33.67%-1.0%
- ROA1.59%+5.4%
- Equity / Assets14.24%
- Book Value per Share65.47+2.9%
BFC Price & Volume
Bank First Corporation (BFC) stock price & volume — 10-year historical chart
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Aggressive Inorganic Expansion Drives Rapid Asset Growth
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Accelerating
Profitability:Strong
Financial:Healthy
Cash Flow:Mixed
Primary Risk:CRE Concentration and Integration
Key Thesis Takeaways
- Bank First Corporation is currently executing an aggressive inorganic growth strategy, evidenced by a surge in total assets to $6.1 billion in 2026Q1.
- While the bank maintains a lean operating model with a 46.5% efficiency ratio, investors should monitor the significant concentration of investment securities, which now represent 83.6% of total assets.
- Future performance will likely depend on the bank's ability to integrate recent acquisitions while managing the interest rate sensitivity inherent in its large securities portfolio.
Verdict Logic
while the bank demonstrates strong earnings potential with $20.0 million in 2026Q1 net income, the high valuation reflected in a 2.26 P/B ratio and the risks associated with an 83.6% securities-to-assets concentration warrant a cautious approach.
BFC Growth Metrics
Bank First Corporation (BFC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years18.03%
5 Years15.49%
3 Years22.51%
TTM-
Profit CAGR
10 Years18.23%
5 Years13.45%
3 Years16.5%
TTM7.09%
EPS CAGR
10 Years13%
5 Years7.44%
3 Years9.15%
TTM5.74%
Return on Capital
10 Years13.51%
5 Years12%
3 Years9.95%
Last Year3.31%
BFC Recent Earnings
Bank First Corporation (BFC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (78%)●Beat Revenue 3/12 qtrs (33%)
Q2 2026Latest
Apr 16, 2026Metric
Actual
Est
EPS
$2.24-6.7%
$2.40
Rev
$64M-3.0%
$66M
Q1 2026
Feb 27, 2026Metric
Actual
Est
EPS
$1.87
—
Rev
$61M
—
Q1 2026
Jan 22, 2026Metric
Actual
Est
EPS
$2.00+10.5%
$1.81
Rev
$45M+2.6%
$44M
Q4 2025
Oct 21, 2025Metric
Actual
Est
EPS
$1.91+3.2%
$1.85
Rev
$43M-2.8%
$44M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 16, 2026 | $2.24vs $2.40-6.7% | $64Mvs $66M-3.0% |
| Q1 2026 | Feb 27, 2026 | $1.87 | $61M |
| Q1 2026 | Jan 22, 2026 | $2.00vs $1.81+10.5% | $45Mvs $44M+2.6% |
| Q4 2025 | Oct 21, 2025 | $1.91vs $1.85+3.2% | $43Mvs $44M-2.8% |
Based on last 12 quarters of dataView full earnings history →
Latest BFC News
Recent stock market news and headlines for Bank First Corporation (BFC)
Peers Comparison
Key metrics vs top competitors for Bank First Corporation (BFC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $149.57 | $1.68B | 20.69 | 7.71% | 29.73% | 11.14% | 3.57% | |
| $63.34 | $528.43M | 10.45 | 6.43% | 18.74% | 14.12% | — | |
| $57.40 | $457.66M | 12.90 | 6.13% | 18.69% | 13.31% | — | |
| $24.06 | $171.21M | 13.67 | -1.44% | 12.96% | 7.98% | — | |
| $23.29 | $224.61M | 15.95 | -9.41% | 16.49% | 8% | — | |
| $34.67 | $4.97B | 19.59 | 11.71% | 31.14% | 14.2% | — |
Compare BFC vs Peers
Bank First Corporation (BFC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BFC SEC Filings & Documents
Bank First Corporation (BFC) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Jun 23, 2026·SEC
Material company update
Jun 18, 2026·SEC
Material company update
May 19, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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BFC Frequently Asked Questions
Bank First Corporation (BFC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Bank First Corporation growing?
Bank First Corporation (BFC) grew revenue by 7.7% over the past year. This is steady growth.
Is BFC profitable?
Yes, Bank First Corporation (BFC) is profitable, generating $73.2M in net income for fiscal year 2025 (29.7% net margin).
Dividend & Returns
Does BFC pay dividends?
Yes, Bank First Corporation (BFC) pays a dividend with a yield of 3.57%. This makes it attractive for income-focused investors.
What is BFC's return on equity?
Bank First Corporation (BFC) has a return on equity (ROE) of 11.1%. This is reasonable for most industries.
Industry Metrics
What is Bank First Corporation's net interest margin?
Bank First Corporation (BFC) has a net interest margin (NIM) of 3.4%. This indicates healthy earnings from lending activities.
What is Bank First Corporation's efficiency ratio?
Bank First Corporation (BFC) has an efficiency ratio of 33.7%. This is excellent, indicating strong cost control.