Annual Income Statements for Bank First National
This table shows Bank First National's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Bank First National
This table shows Bank First National's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
11 |
13 |
11 |
14 |
15 |
35 |
15 |
16 |
17 |
18 |
18 |
Consolidated Net Income / (Loss) |
|
11 |
13 |
11 |
14 |
15 |
35 |
15 |
16 |
17 |
18 |
18 |
Net Income / (Loss) Continuing Operations |
|
11 |
13 |
11 |
14 |
15 |
35 |
15 |
16 |
17 |
18 |
18 |
Total Pre-Tax Income |
|
14 |
17 |
14 |
19 |
20 |
46 |
17 |
20 |
21 |
22 |
22 |
Total Revenue |
|
33 |
34 |
38 |
39 |
39 |
75 |
38 |
39 |
41 |
40 |
43 |
Net Interest Income / (Expense) |
|
28 |
31 |
32 |
34 |
34 |
33 |
33 |
33 |
36 |
36 |
37 |
Total Interest Income |
|
31 |
36 |
41 |
46 |
47 |
49 |
49 |
49 |
54 |
54 |
55 |
Loans and Leases Interest Income |
|
28 |
33 |
38 |
43 |
44 |
45 |
45 |
46 |
49 |
48 |
49 |
Investment Securities Interest Income |
|
2.39 |
2.93 |
2.81 |
3.26 |
3.44 |
4.16 |
4.40 |
3.00 |
4.59 |
5.41 |
5.82 |
Total Interest Expense |
|
3.05 |
5.13 |
8.67 |
12 |
13 |
16 |
16 |
16 |
18 |
18 |
19 |
Deposits Interest Expense |
|
2.64 |
4.33 |
7.45 |
10 |
12 |
13 |
15 |
16 |
16 |
16 |
17 |
Short-Term Borrowings Interest Expense |
|
0.31 |
0.37 |
0.66 |
1.00 |
1.04 |
2.13 |
0.51 |
0.55 |
1.67 |
1.70 |
1.66 |
Federal Funds Purchased and Securities Sold Interest Expense |
|
0.10 |
0.44 |
0.56 |
0.57 |
0.25 |
0.43 |
0.02 |
0.00 |
0.00 |
- |
0.00 |
Total Non-Interest Income |
|
5.17 |
3.75 |
5.85 |
4.55 |
5.25 |
42 |
4.40 |
5.88 |
4.89 |
4.51 |
6.59 |
Service Charges on Deposit Accounts |
|
0.49 |
- |
0.64 |
0.75 |
0.73 |
0.74 |
0.73 |
0.74 |
0.73 |
0.74 |
0.73 |
Other Service Charges |
|
2.00 |
1.49 |
2.33 |
2.40 |
2.47 |
2.67 |
2.79 |
3.15 |
3.07 |
3.24 |
4.17 |
Net Realized & Unrealized Capital Gains on Investments |
|
1.12 |
1.57 |
1.03 |
1.01 |
1.03 |
39 |
0.22 |
0.28 |
0.38 |
0.43 |
0.33 |
Other Non-Interest Income |
|
1.56 |
-0.30 |
1.85 |
0.40 |
1.02 |
0.05 |
0.67 |
1.72 |
0.72 |
0.10 |
1.36 |
Provision for Credit Losses |
|
0.00 |
0.50 |
4.18 |
0.00 |
0.00 |
0.50 |
0.20 |
0.00 |
0.00 |
-1.00 |
0.40 |
Total Non-Interest Expense |
|
19 |
17 |
20 |
20 |
20 |
29 |
20 |
19 |
20 |
19 |
21 |
Salaries and Employee Benefits |
|
11 |
8.16 |
9.91 |
9.87 |
10 |
10 |
11 |
10 |
10 |
9.89 |
11 |
Net Occupancy & Equipment Expense |
|
2.75 |
3.93 |
3.46 |
3.41 |
3.61 |
3.21 |
3.97 |
3.44 |
4.10 |
4.13 |
4.04 |
Marketing Expense |
|
0.06 |
0.07 |
0.08 |
0.09 |
0.06 |
0.10 |
0.10 |
0.08 |
0.06 |
0.08 |
0.07 |
Property & Liability Insurance Claims |
|
- |
- |
- |
- |
- |
- |
0.42 |
- |
- |
- |
0.63 |
Insurance Policy Acquisition Costs |
|
2.54 |
0.53 |
2.20 |
1.35 |
1.44 |
-0.47 |
0.88 |
1.89 |
1.60 |
-0.22 |
0.79 |
Other Operating Expenses |
|
1.98 |
2.48 |
2.59 |
3.07 |
2.65 |
11 |
2.62 |
2.63 |
2.79 |
2.36 |
2.80 |
Amortization Expense |
|
0.75 |
0.98 |
1.42 |
1.67 |
1.63 |
1.60 |
1.50 |
1.48 |
1.43 |
1.39 |
1.30 |
Other Special Charges |
|
0.00 |
- |
0.00 |
0.49 |
0.05 |
1.59 |
-0.05 |
-0.46 |
0.00 |
-0.19 |
0.00 |
Income Tax Expense |
|
3.43 |
3.92 |
3.56 |
4.75 |
4.86 |
11 |
1.81 |
3.77 |
4.12 |
4.25 |
3.88 |
Basic Earnings per Share |
|
$1.26 |
$1.43 |
$1.09 |
$1.37 |
$1.43 |
$3.39 |
$1.51 |
$1.59 |
$1.65 |
$1.75 |
$1.82 |
Weighted Average Basic Shares Outstanding |
|
9.03M |
10.48M |
10.39M |
10.39M |
10.37M |
10.14M |
10.08M |
10.01M |
10.01M |
9.99M |
9.92M |
Diluted Earnings per Share |
|
$1.26 |
$1.43 |
$1.09 |
$1.37 |
$1.43 |
$3.39 |
$1.51 |
$1.59 |
$1.65 |
$1.75 |
$1.82 |
Weighted Average Diluted Shares Outstanding |
|
9.03M |
10.48M |
10.39M |
10.39M |
10.37M |
10.14M |
10.08M |
10.01M |
10.01M |
9.99M |
9.92M |
Weighted Average Basic & Diluted Shares Outstanding |
|
9.03M |
10.48M |
10.39M |
10.39M |
10.37M |
10.14M |
10.08M |
10.01M |
10.01M |
9.99M |
9.92M |
Cash Dividends to Common per Share |
|
$0.25 |
- |
$0.25 |
$0.30 |
$0.30 |
- |
$0.35 |
$0.35 |
$0.40 |
- |
$0.45 |
Annual Cash Flow Statements for Bank First National
This table details how cash moves in and out of Bank First National's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-5.49 |
22 |
5.77 |
-21 |
84 |
127 |
-178 |
128 |
14 |
Net Cash From Operating Activities |
|
14 |
18 |
23 |
23 |
44 |
40 |
40 |
53 |
66 |
Net Cash From Continuing Operating Activities |
|
14 |
18 |
23 |
23 |
44 |
40 |
40 |
53 |
66 |
Net Income / (Loss) Continuing Operations |
|
15 |
15 |
25 |
27 |
38 |
45 |
45 |
75 |
66 |
Consolidated Net Income / (Loss) |
|
15 |
15 |
25 |
27 |
38 |
45 |
45 |
75 |
66 |
Provision For Loan Losses |
|
0.32 |
1.06 |
2.94 |
5.25 |
7.13 |
3.10 |
2.20 |
4.68 |
-0.80 |
Depreciation Expense |
|
0.90 |
1.13 |
1.12 |
1.27 |
1.54 |
1.78 |
1.66 |
2.07 |
2.25 |
Amortization Expense |
|
0.83 |
1.46 |
-4.66 |
1.24 |
4.74 |
1.00 |
1.75 |
2.51 |
1.89 |
Non-Cash Adjustments to Reconcile Net Income |
|
-3.37 |
-5.36 |
-3.32 |
-12 |
-12 |
-7.89 |
-11 |
-45 |
-5.92 |
Changes in Operating Assets and Liabilities, net |
|
0.82 |
4.73 |
1.53 |
0.55 |
4.56 |
-3.15 |
0.47 |
14 |
2.86 |
Net Cash From Investing Activities |
|
-83 |
-41 |
-30 |
-106 |
-206 |
-94 |
-178 |
269 |
-253 |
Net Cash From Continuing Investing Activities |
|
-83 |
-41 |
-30 |
-106 |
-206 |
-94 |
-178 |
269 |
-253 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-1.27 |
-2.83 |
-7.93 |
-7.27 |
-8.37 |
-8.72 |
-6.87 |
-13 |
-7.23 |
Purchase of Investment Securities |
|
-115 |
-116 |
-52 |
-164 |
-376 |
-135 |
-345 |
-68 |
-472 |
Sale of Property, Leasehold Improvements and Equipment |
|
0.00 |
0.00 |
0.45 |
0.00 |
0.28 |
0.55 |
0.00 |
0.00 |
2.38 |
Divestitures |
|
- |
- |
- |
- |
- |
0.00 |
0.00 |
52 |
0.00 |
Sale and/or Maturity of Investments |
|
32 |
77 |
30 |
64 |
178 |
50 |
174 |
298 |
224 |
Net Cash From Financing Activities |
|
63 |
45 |
13 |
62 |
246 |
180 |
-40 |
-194 |
201 |
Net Cash From Continuing Financing Activities |
|
63 |
45 |
13 |
62 |
246 |
180 |
-40 |
-194 |
201 |
Net Change in Deposits |
|
64 |
34 |
51 |
18 |
307 |
208 |
-73 |
-159 |
228 |
Issuance of Debt |
|
327 |
497 |
1,214 |
44 |
94 |
5.00 |
3,129 |
122 |
140 |
Issuance of Common Equity |
|
0.45 |
0.90 |
1.35 |
0.00 |
0.02 |
0.11 |
0.11 |
0.20 |
0.25 |
Repayment of Debt |
|
-327 |
-477 |
-1,223 |
-4.00 |
-134 |
-20 |
-3,130 |
-113 |
-44 |
Repurchase of Common Equity |
|
-2.59 |
-3.63 |
-10 |
-4.21 |
-4.37 |
-8.27 |
-14 |
-10 |
-32 |
Payment of Dividends |
|
-3.67 |
-4.05 |
-4.53 |
-5.46 |
-6.15 |
-8.73 |
-7.82 |
-12 |
-16 |
Other Financing Activities, Net |
|
4.49 |
-2.54 |
-16 |
14 |
-10 |
4.75 |
56 |
-21 |
-76 |
Cash Interest Paid |
|
5.79 |
6.75 |
14 |
19 |
15 |
7.06 |
11 |
44 |
66 |
Cash Income Taxes Paid |
|
8.20 |
7.98 |
5.78 |
6.68 |
10 |
17 |
14 |
24 |
14 |
Quarterly Cash Flow Statements for Bank First National
This table details how cash moves in and out of Bank First National's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Change in Cash & Equivalents |
|
99 |
-24 |
50 |
-58 |
-36 |
172 |
-164 |
16 |
105 |
57 |
40 |
Net Cash From Operating Activities |
|
9.92 |
20 |
4.11 |
11 |
17 |
20 |
1.33 |
15 |
19 |
31 |
6.17 |
Net Cash From Continuing Operating Activities |
|
9.92 |
20 |
4.11 |
11 |
17 |
20 |
1.33 |
15 |
19 |
31 |
6.17 |
Net Income / (Loss) Continuing Operations |
|
11 |
13 |
11 |
14 |
15 |
35 |
15 |
16 |
17 |
18 |
18 |
Consolidated Net Income / (Loss) |
|
11 |
13 |
11 |
14 |
15 |
35 |
15 |
16 |
17 |
18 |
18 |
Provision For Loan Losses |
|
- |
0.50 |
4.18 |
- |
- |
0.50 |
0.20 |
- |
- |
-1.00 |
0.40 |
Depreciation Expense |
|
0.41 |
0.45 |
0.49 |
0.52 |
0.38 |
0.68 |
0.56 |
0.56 |
0.57 |
0.56 |
0.59 |
Amortization Expense |
|
0.74 |
1.02 |
0.87 |
-4.33 |
-1.14 |
7.12 |
-0.89 |
0.74 |
0.21 |
0.66 |
-0.32 |
Non-Cash Adjustments to Reconcile Net Income |
|
-3.11 |
-2.84 |
-6.57 |
2.48 |
-1.15 |
-40 |
1.43 |
-4.18 |
-4.22 |
2.22 |
-2.34 |
Changes in Operating Assets and Liabilities, net |
|
1.35 |
8.04 |
-5.54 |
-1.75 |
4.59 |
17 |
-15 |
1.76 |
5.66 |
11 |
-10 |
Net Cash From Investing Activities |
|
150 |
-39 |
206 |
16 |
-35 |
83 |
-43 |
-27 |
-37 |
-146 |
32 |
Net Cash From Continuing Investing Activities |
|
150 |
-39 |
206 |
16 |
-35 |
83 |
-43 |
-27 |
-37 |
-146 |
32 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-3.38 |
-1.55 |
-2.70 |
-4.05 |
-4.56 |
-2.17 |
-0.78 |
-1.21 |
-1.85 |
-3.40 |
-2.15 |
Purchase of Investment Securities |
|
-5.65 |
-41 |
-29 |
12 |
-39 |
-12 |
-132 |
-44 |
-47 |
-250 |
-225 |
Sale of Property, Leasehold Improvements and Equipment |
|
- |
- |
- |
- |
- |
- |
0.00 |
- |
- |
- |
0.00 |
Sale and/or Maturity of Investments |
|
159 |
4.00 |
237 |
7.93 |
8.27 |
45 |
90 |
16 |
11 |
107 |
259 |
Net Cash From Financing Activities |
|
-61 |
-5.53 |
-159 |
-86 |
-18 |
69 |
-122 |
28 |
124 |
172 |
1.82 |
Net Cash From Continuing Financing Activities |
|
-61 |
-5.53 |
-159 |
-86 |
-18 |
69 |
-122 |
28 |
124 |
172 |
1.82 |
Net Change in Deposits |
|
-68 |
-78 |
-129 |
-58 |
-7.06 |
35 |
-17 |
-16 |
85 |
176 |
13 |
Issuance of Common Equity |
|
-0.01 |
0.03 |
0.04 |
0.04 |
0.06 |
0.05 |
0.06 |
0.07 |
0.07 |
0.06 |
0.06 |
Repayment of Debt |
|
-102 |
-0.63 |
-92 |
-0.77 |
- |
-20 |
-4.12 |
-47 |
7.00 |
- |
-0.51 |
Repurchase of Common Equity |
|
-2.07 |
-0.00 |
-6.73 |
-1.34 |
-1.04 |
-0.94 |
-22 |
-7.94 |
-1.70 |
- |
-6.38 |
Payment of Dividends |
|
-2.26 |
-2.26 |
-2.62 |
-3.12 |
-3.12 |
-3.11 |
-3.54 |
-3.51 |
-4.04 |
-4.47 |
-4.49 |
Other Financing Activities, Net |
|
5.84 |
75 |
-51 |
-23 |
-6.61 |
59 |
-76 |
- |
- |
- |
0.00 |
Cash Interest Paid |
|
2.69 |
4.33 |
7.11 |
10 |
12 |
15 |
16 |
15 |
18 |
18 |
19 |
Annual Balance Sheets for Bank First National
This table presents Bank First National's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
1,753 |
1,793 |
2,210 |
2,718 |
2,938 |
3,660 |
4,222 |
4,495 |
Cash and Due from Banks |
|
38 |
41 |
34 |
36 |
29 |
52 |
70 |
59 |
Interest Bearing Deposits at Other Banks |
|
15 |
22 |
19 |
134 |
268 |
68 |
177 |
202 |
Trading Account Securities |
|
159 |
160 |
225 |
172 |
219 |
350 |
246 |
334 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
2,215 |
2,871 |
3,299 |
3,473 |
Loans and Leases |
|
- |
- |
- |
- |
- |
2,894 |
3,343 |
3,517 |
Allowance for Loan and Lease Losses |
|
- |
- |
- |
- |
- |
23 |
44 |
44 |
Loans Held for Sale |
|
1,386 |
1,416 |
1,726 |
2,175 |
0.79 |
0.65 |
3.01 |
3.09 |
Premises and Equipment, Net |
|
19 |
24 |
35 |
43 |
49 |
56 |
70 |
71 |
Goodwill |
|
15 |
15 |
43 |
55 |
55 |
110 |
175 |
175 |
Intangible Assets |
|
5.58 |
5.30 |
9.67 |
5.44 |
4.04 |
17 |
27 |
21 |
Other Assets |
|
67 |
65 |
85 |
97 |
97 |
136 |
154 |
156 |
Total Liabilities & Shareholders' Equity |
|
1,753 |
1,793 |
2,210 |
2,718 |
2,938 |
3,660 |
4,222 |
4,495 |
Total Liabilities |
|
1,592 |
1,619 |
1,980 |
2,423 |
2,615 |
3,207 |
3,602 |
3,855 |
Non-Interest Bearing Deposits |
|
437 |
449 |
476 |
716 |
800 |
934 |
1,051 |
1,025 |
Interest Bearing Deposits |
|
1,070 |
1,108 |
1,367 |
1,605 |
1,729 |
2,126 |
2,382 |
2,636 |
Long-Term Debt |
|
20 |
12 |
68 |
41 |
26 |
25 |
47 |
147 |
Other Long-Term Liabilities |
|
17 |
19 |
22 |
25 |
20 |
24 |
46 |
47 |
Total Equity & Noncontrolling Interests |
|
162 |
174 |
230 |
295 |
323 |
453 |
620 |
640 |
Total Preferred & Common Equity |
|
162 |
174 |
230 |
295 |
323 |
453 |
620 |
640 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
162 |
174 |
230 |
295 |
323 |
453 |
620 |
640 |
Common Stock |
|
28 |
28 |
63 |
93 |
93 |
218 |
334 |
334 |
Retained Earnings |
|
146 |
168 |
189 |
221 |
258 |
295 |
348 |
398 |
Treasury Stock |
|
-13 |
-21 |
-25 |
-25 |
-32 |
-45 |
-53 |
-83 |
Accumulated Other Comprehensive Income / (Loss) |
|
0.98 |
-0.37 |
2.49 |
5.76 |
3.61 |
-16 |
-8.75 |
-9.35 |
Quarterly Balance Sheets for Bank First National
This table presents Bank First National's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q2 2022 |
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Total Assets |
|
2,961 |
3,641 |
4,167 |
4,092 |
4,088 |
4,100 |
4,146 |
4,294 |
4,505 |
Cash and Due from Banks |
|
33 |
46 |
43 |
50 |
46 |
36 |
46 |
64 |
61 |
Interest Bearing Deposits at Other Banks |
|
11 |
98 |
127 |
61 |
29 |
47 |
53 |
140 |
240 |
Trading Account Securities |
|
326 |
344 |
276 |
269 |
256 |
250 |
239 |
238 |
274 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
3,280 |
3,271 |
3,312 |
3,339 |
3,384 |
3,426 |
3,504 |
Loans and Leases |
|
- |
- |
3,323 |
3,314 |
3,356 |
3,383 |
3,429 |
3,471 |
3,548 |
Allowance for Loan and Lease Losses |
|
- |
- |
43 |
43 |
43 |
44 |
45 |
45 |
44 |
Loans Held for Sale |
|
2,366 |
2,836 |
2.34 |
1.56 |
1.16 |
1.29 |
2.27 |
4.37 |
2.68 |
Premises and Equipment, Net |
|
51 |
57 |
64 |
67 |
71 |
70 |
69 |
70 |
73 |
Goodwill |
|
55 |
112 |
175 |
175 |
175 |
175 |
175 |
175 |
175 |
Intangible Assets |
|
3.45 |
18 |
32 |
30 |
29 |
25 |
24 |
23 |
20 |
Other Assets |
|
116 |
131 |
3,449 |
167 |
168 |
156 |
155 |
155 |
156 |
Total Liabilities & Shareholders' Equity |
|
2,961 |
3,641 |
4,167 |
4,092 |
4,088 |
4,100 |
4,146 |
4,294 |
4,505 |
Total Liabilities |
|
2,647 |
3,201 |
3,605 |
3,521 |
3,510 |
3,491 |
3,531 |
3,666 |
3,857 |
Non-Interest Bearing Deposits |
|
820 |
972 |
1,100 |
1,084 |
1,065 |
990 |
976 |
1,022 |
994 |
Interest Bearing Deposits |
|
1,782 |
2,166 |
2,363 |
2,322 |
2,333 |
2,426 |
2,424 |
2,463 |
2,680 |
Long-Term Debt |
|
19 |
26 |
71 |
70 |
70 |
47 |
102 |
147 |
147 |
Other Long-Term Liabilities |
|
10 |
15 |
24 |
21 |
24 |
27 |
29 |
34 |
36 |
Total Equity & Noncontrolling Interests |
|
314 |
439 |
562 |
571 |
577 |
609 |
615 |
629 |
648 |
Total Preferred & Common Equity |
|
314 |
439 |
562 |
571 |
577 |
609 |
615 |
629 |
648 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
314 |
439 |
562 |
571 |
577 |
609 |
615 |
629 |
648 |
Common Stock |
|
93 |
218 |
332 |
333 |
333 |
332 |
333 |
333 |
332 |
Retained Earnings |
|
277 |
285 |
294 |
305 |
316 |
360 |
372 |
385 |
412 |
Treasury Stock |
|
-43 |
-45 |
-50 |
-52 |
-52 |
-73 |
-81 |
-83 |
-87 |
Accumulated Other Comprehensive Income / (Loss) |
|
-12 |
-19 |
-13 |
-15 |
-20 |
-9.41 |
-9.37 |
-6.48 |
-8.60 |
Annual Metrics And Ratios for Bank First National
This table displays calculated financial ratios and metrics derived from Bank First National's official financial filings.
Metric |
|
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
0.00% |
15.65% |
34.28% |
10.32% |
28.47% |
7.45% |
8.96% |
54.78% |
-17.81% |
EBITDA Growth |
|
0.00% |
9.78% |
6.66% |
29.11% |
52.58% |
11.75% |
0.46% |
63.99% |
-19.08% |
EBIT Growth |
|
0.00% |
6.72% |
32.79% |
6.98% |
45.46% |
20.23% |
-0.56% |
65.67% |
-19.52% |
NOPAT Growth |
|
0.00% |
2.68% |
66.24% |
4.86% |
42.53% |
19.44% |
-0.51% |
64.80% |
-12.01% |
Net Income Growth |
|
0.00% |
2.68% |
66.24% |
4.86% |
42.53% |
19.44% |
-0.51% |
64.80% |
-12.01% |
EPS Growth |
|
0.00% |
1.67% |
56.15% |
1.57% |
31.01% |
16.77% |
-5.74% |
30.47% |
-10.71% |
Operating Cash Flow Growth |
|
0.00% |
27.11% |
25.81% |
-1.75% |
94.11% |
-8.37% |
-0.68% |
32.34% |
24.37% |
Free Cash Flow Firm Growth |
|
0.00% |
0.00% |
117.50% |
-368.38% |
110.28% |
174.52% |
-597.97% |
34.45% |
123.03% |
Invested Capital Growth |
|
0.00% |
0.00% |
-5.23% |
58.52% |
8.05% |
4.59% |
47.89% |
29.02% |
5.96% |
Revenue Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
5.05% |
4.54% |
-2.08% |
4.77% |
27.23% |
-18.31% |
EBITDA Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
30.50% |
4.35% |
-5.48% |
6.16% |
52.46% |
-22.23% |
EBIT Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
7.06% |
13.44% |
-1.44% |
3.56% |
42.06% |
-23.35% |
NOPAT Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
5.53% |
11.98% |
-0.80% |
3.86% |
42.04% |
-20.93% |
Net Income Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
5.53% |
11.98% |
-0.80% |
3.86% |
42.04% |
-20.93% |
EPS Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
3.48% |
10.46% |
-0.84% |
-0.71% |
36.84% |
-20.15% |
Operating Cash Flow Q/Q Growth |
|
0.00% |
0.00% |
2.35% |
2.82% |
22.70% |
-13.01% |
12.33% |
0.55% |
18.97% |
Free Cash Flow Firm Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
114.83% |
31.24% |
-67.00% |
25.90% |
174.87% |
Invested Capital Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
12.59% |
11.06% |
8.33% |
18.11% |
11.73% |
1.39% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
50.68% |
48.11% |
38.21% |
44.72% |
53.11% |
55.24% |
50.93% |
53.96% |
53.12% |
EBIT Margin |
|
47.09% |
43.45% |
42.97% |
41.66% |
47.18% |
52.79% |
48.17% |
51.56% |
50.49% |
Profit (Net Income) Margin |
|
31.04% |
27.56% |
34.12% |
32.44% |
35.99% |
40.00% |
36.53% |
38.89% |
41.63% |
Tax Burden Percent |
|
65.93% |
63.44% |
79.42% |
77.85% |
76.28% |
75.78% |
75.82% |
75.42% |
82.46% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
34.07% |
36.56% |
20.58% |
22.15% |
23.72% |
24.22% |
24.18% |
24.58% |
17.54% |
Return on Invested Capital (ROIC) |
|
0.00% |
13.36% |
11.40% |
9.50% |
10.62% |
11.94% |
9.37% |
11.30% |
8.57% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
13.36% |
11.40% |
9.50% |
10.62% |
11.94% |
9.37% |
11.30% |
8.57% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
5.58% |
3.75% |
3.69% |
3.87% |
2.78% |
2.29% |
2.59% |
1.84% |
Return on Equity (ROE) |
|
0.00% |
18.94% |
15.15% |
13.20% |
14.49% |
14.72% |
11.66% |
13.89% |
10.41% |
Cash Return on Invested Capital (CROIC) |
|
0.00% |
-186.64% |
16.77% |
-35.77% |
2.88% |
7.45% |
-29.27% |
-14.04% |
2.79% |
Operating Return on Assets (OROA) |
|
0.00% |
1.38% |
1.81% |
1.71% |
2.02% |
2.12% |
1.81% |
2.51% |
1.82% |
Return on Assets (ROA) |
|
0.00% |
0.87% |
1.44% |
1.33% |
1.54% |
1.61% |
1.37% |
1.89% |
1.50% |
Return on Common Equity (ROCE) |
|
0.00% |
18.94% |
15.15% |
13.20% |
14.49% |
14.72% |
11.66% |
13.89% |
10.41% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
9.47% |
14.60% |
11.60% |
12.90% |
14.08% |
9.98% |
12.02% |
10.25% |
Net Operating Profit after Tax (NOPAT) |
|
15 |
15 |
25 |
27 |
38 |
45 |
45 |
75 |
66 |
NOPAT Margin |
|
31.04% |
27.56% |
34.12% |
32.44% |
35.99% |
40.00% |
36.53% |
38.89% |
41.63% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
38.64% |
41.06% |
38.66% |
38.32% |
35.69% |
33.70% |
36.53% |
28.37% |
36.11% |
Operating Expenses to Revenue |
|
52.25% |
54.65% |
53.10% |
51.96% |
46.09% |
44.48% |
50.05% |
45.99% |
50.02% |
Earnings before Interest and Taxes (EBIT) |
|
23 |
24 |
32 |
34 |
50 |
60 |
60 |
99 |
80 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
24 |
27 |
29 |
37 |
56 |
63 |
63 |
103 |
84 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
2.08 |
1.39 |
1.55 |
Price to Tangible Book Value (P/TBV) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
2.89 |
2.07 |
2.23 |
Price to Revenue (P/Rev) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
7.61 |
4.51 |
6.29 |
Price to Earnings (P/E) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
20.85 |
11.59 |
15.11 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
1.05% |
1.35% |
1.56% |
Earnings Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
4.80% |
8.63% |
6.62% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
1.64 |
1.00 |
1.11 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
7.64 |
3.86 |
5.57 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
15.00 |
7.15 |
10.48 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
15.86 |
7.48 |
11.02 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
20.92 |
9.92 |
13.37 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
23.64 |
13.96 |
13.31 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
41.10 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.00 |
0.42 |
0.25 |
0.50 |
0.26 |
0.21 |
0.27 |
0.20 |
0.23 |
Long-Term Debt to Equity |
|
0.00 |
0.12 |
0.07 |
0.30 |
0.14 |
0.08 |
0.06 |
0.08 |
0.23 |
Financial Leverage |
|
0.00 |
0.42 |
0.33 |
0.39 |
0.36 |
0.23 |
0.24 |
0.23 |
0.21 |
Leverage Ratio |
|
0.00 |
10.84 |
10.55 |
9.90 |
9.39 |
9.16 |
8.51 |
7.35 |
6.92 |
Compound Leverage Factor |
|
0.00 |
10.84 |
10.55 |
9.90 |
9.39 |
9.16 |
8.51 |
7.35 |
6.92 |
Debt to Total Capital |
|
0.00% |
29.47% |
19.78% |
33.17% |
20.78% |
17.12% |
21.30% |
16.56% |
18.72% |
Short-Term Debt to Total Capital |
|
0.00% |
20.75% |
14.49% |
13.31% |
9.77% |
10.56% |
16.88% |
10.20% |
0.00% |
Long-Term Debt to Total Capital |
|
0.00% |
8.72% |
5.29% |
19.86% |
11.01% |
6.55% |
4.42% |
6.36% |
18.72% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
0.00% |
70.53% |
80.22% |
66.83% |
79.22% |
82.88% |
78.70% |
83.44% |
81.28% |
Debt to EBITDA |
|
0.00 |
2.53 |
1.51 |
3.11 |
1.38 |
1.06 |
1.95 |
1.19 |
1.76 |
Net Debt to EBITDA |
|
0.00 |
-1.29 |
-2.27 |
0.76 |
-1.65 |
-3.67 |
0.05 |
-1.20 |
-1.36 |
Long-Term Debt to EBITDA |
|
0.00 |
0.75 |
0.40 |
1.86 |
0.73 |
0.41 |
0.40 |
0.46 |
1.76 |
Debt to NOPAT |
|
0.00 |
4.41 |
1.69 |
4.28 |
2.03 |
1.47 |
2.71 |
1.65 |
2.25 |
Net Debt to NOPAT |
|
0.00 |
-2.25 |
-2.54 |
1.04 |
-2.44 |
-5.07 |
0.07 |
-1.67 |
-1.74 |
Long-Term Debt to NOPAT |
|
0.00 |
1.31 |
0.45 |
2.56 |
1.08 |
0.56 |
0.56 |
0.63 |
2.25 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
0.00 |
-214 |
37 |
-100 |
10 |
28 |
-141 |
-93 |
21 |
Operating Cash Flow to CapEx |
|
1,133.25% |
648.60% |
308.10% |
311.61% |
543.63% |
493.06% |
582.19% |
392.65% |
1,359.07% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
-27.68 |
2.52 |
-5.15 |
0.75 |
3.42 |
-11.34 |
-1.89 |
0.31 |
Operating Cash Flow to Interest Expense |
|
2.43 |
2.37 |
1.55 |
1.16 |
3.17 |
4.85 |
3.21 |
1.08 |
0.96 |
Operating Cash Flow Less CapEx to Interest Expense |
|
2.22 |
2.00 |
1.05 |
0.79 |
2.59 |
3.87 |
2.66 |
0.81 |
0.89 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
0.03 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.05 |
0.04 |
Fixed Asset Turnover |
|
0.00 |
2.99 |
3.46 |
2.75 |
2.69 |
2.45 |
2.34 |
3.03 |
2.23 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
0.00 |
229 |
217 |
344 |
372 |
389 |
576 |
743 |
787 |
Invested Capital Turnover |
|
0.00 |
0.48 |
0.33 |
0.29 |
0.30 |
0.30 |
0.26 |
0.29 |
0.21 |
Increase / (Decrease) in Invested Capital |
|
0.00 |
229 |
-12 |
127 |
28 |
17 |
186 |
167 |
44 |
Enterprise Value (EV) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
946 |
739 |
876 |
Market Capitalization |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
943 |
864 |
990 |
Book Value per Share |
|
$0.00 |
$0.00 |
$26.23 |
$32.49 |
$38.14 |
$42.29 |
$50.18 |
$59.79 |
$63.89 |
Tangible Book Value per Share |
|
$0.00 |
$0.00 |
$23.18 |
$25.00 |
$30.26 |
$34.51 |
$36.11 |
$40.30 |
$44.28 |
Total Capital |
|
0.00 |
229 |
217 |
344 |
372 |
389 |
576 |
743 |
787 |
Total Debt |
|
0.00 |
68 |
43 |
114 |
77 |
67 |
123 |
123 |
147 |
Total Long-Term Debt |
|
0.00 |
20 |
12 |
68 |
41 |
26 |
25 |
47 |
147 |
Net Debt |
|
0.00 |
-34 |
-65 |
28 |
-93 |
-230 |
3.27 |
-124 |
-114 |
Capital Expenditures (CapEx) |
|
1.27 |
2.83 |
7.48 |
7.27 |
8.09 |
8.17 |
6.87 |
13 |
4.85 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
0.00 |
68 |
43 |
114 |
77 |
67 |
123 |
123 |
147 |
Total Depreciation and Amortization (D&A) |
|
1.73 |
2.59 |
-3.55 |
2.51 |
6.28 |
2.78 |
3.41 |
4.59 |
4.15 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.00 |
$0.00 |
$3.81 |
$3.91 |
$5.07 |
$5.92 |
$5.58 |
$7.28 |
$6.50 |
Adjusted Weighted Average Basic Shares Outstanding |
|
0.00 |
0.00 |
6.58M |
7.09M |
7.73M |
7.58M |
10.48M |
10.14M |
9.99M |
Adjusted Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$3.81 |
$3.87 |
$5.07 |
$5.92 |
$5.58 |
$7.28 |
$6.50 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
0.00 |
0.00 |
6.58M |
7.09M |
7.73M |
7.58M |
10.48M |
10.14M |
9.99M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
0.00 |
0.00 |
6.58M |
7.09M |
7.73M |
7.58M |
10.48M |
10.14M |
9.99M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
15 |
15 |
26 |
27 |
38 |
45 |
45 |
76 |
65 |
Normalized NOPAT Margin |
|
31.09% |
27.51% |
34.39% |
32.37% |
35.99% |
39.99% |
36.44% |
39.73% |
41.27% |
Pre Tax Income Margin |
|
47.09% |
43.45% |
42.97% |
41.66% |
47.18% |
52.79% |
48.17% |
51.56% |
50.49% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
3.81 |
3.12 |
2.16 |
1.76 |
3.60 |
7.22 |
4.79 |
2.02 |
1.16 |
NOPAT to Interest Expense |
|
2.51 |
1.98 |
1.71 |
1.37 |
2.74 |
5.47 |
3.63 |
1.52 |
0.96 |
EBIT Less CapEx to Interest Expense |
|
3.60 |
2.76 |
1.66 |
1.39 |
3.01 |
6.24 |
4.24 |
1.74 |
1.09 |
NOPAT Less CapEx to Interest Expense |
|
2.30 |
1.62 |
1.21 |
1.00 |
2.16 |
4.49 |
3.08 |
1.25 |
0.89 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
24.58% |
26.42% |
17.80% |
20.47% |
16.16% |
19.22% |
17.30% |
16.05% |
23.74% |
Augmented Payout Ratio |
|
41.93% |
50.13% |
58.84% |
36.22% |
27.64% |
37.42% |
48.96% |
29.53% |
72.43% |
Quarterly Metrics And Ratios for Bank First National
This table displays calculated financial ratios and metrics derived from Bank First National's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
17.50% |
19.63% |
38.36% |
33.74% |
19.64% |
119.29% |
-0.88% |
0.15% |
3.72% |
-46.83% |
14.25% |
EBITDA Growth |
|
-1.62% |
25.10% |
11.85% |
23.56% |
28.47% |
195.08% |
15.77% |
9.53% |
13.51% |
-57.23% |
32.58% |
EBIT Growth |
|
-5.94% |
13.92% |
4.74% |
23.30% |
40.83% |
174.47% |
20.97% |
5.02% |
5.14% |
-52.65% |
28.45% |
NOPAT Growth |
|
-6.11% |
15.05% |
4.88% |
21.26% |
40.55% |
171.71% |
44.31% |
13.64% |
11.81% |
-49.74% |
18.36% |
Net Income Growth |
|
-6.11% |
15.05% |
4.88% |
21.26% |
40.55% |
171.71% |
44.31% |
13.64% |
11.81% |
-49.74% |
18.36% |
EPS Growth |
|
-13.70% |
-2.72% |
-18.66% |
-11.61% |
13.49% |
137.06% |
38.53% |
16.06% |
15.38% |
-48.38% |
20.53% |
Operating Cash Flow Growth |
|
0.00% |
28.12% |
65.42% |
45.65% |
76.17% |
1.44% |
-67.70% |
0.00% |
7.44% |
51.72% |
363.96% |
Free Cash Flow Firm Growth |
|
-805.65% |
-2,832.89% |
-992.17% |
-1,473.37% |
-38.29% |
23.85% |
112.41% |
88.09% |
41.66% |
79.80% |
-410.50% |
Invested Capital Growth |
|
35.65% |
47.89% |
90.65% |
90.24% |
36.39% |
29.02% |
-3.44% |
7.81% |
16.76% |
5.96% |
21.12% |
Revenue Q/Q Growth |
|
13.19% |
4.60% |
0.00% |
1.95% |
1.25% |
91.73% |
0.00% |
3.01% |
4.87% |
-1.72% |
7.61% |
EBITDA Q/Q Growth |
|
-6.52% |
23.91% |
0.00% |
24.65% |
-2.80% |
184.62% |
0.00% |
17.93% |
0.73% |
7.25% |
-2.67% |
EBIT Q/Q Growth |
|
-8.80% |
20.05% |
0.00% |
32.61% |
4.16% |
133.98% |
0.00% |
15.13% |
4.28% |
5.38% |
1.53% |
NOPAT Q/Q Growth |
|
-9.62% |
21.94% |
0.00% |
32.32% |
4.76% |
135.73% |
0.00% |
4.20% |
3.07% |
5.97% |
4.00% |
Net Income Q/Q Growth |
|
-9.62% |
21.94% |
0.00% |
32.32% |
4.76% |
135.73% |
0.00% |
4.20% |
3.07% |
5.97% |
4.00% |
EPS Q/Q Growth |
|
-18.71% |
13.49% |
0.00% |
25.69% |
4.38% |
137.06% |
0.00% |
5.30% |
3.77% |
6.06% |
4.00% |
Operating Cash Flow Q/Q Growth |
|
0.00% |
101.70% |
-79.44% |
168.57% |
58.20% |
16.14% |
0.00% |
0.00% |
25.76% |
64.01% |
-79.98% |
Free Cash Flow Firm Q/Q Growth |
|
-635.92% |
-47.65% |
0.00% |
3.63% |
46.04% |
18.70% |
0.00% |
-192.55% |
-164.22% |
71.85% |
-351.08% |
Invested Capital Q/Q Growth |
|
39.46% |
18.11% |
0.00% |
-2.21% |
-0.02% |
11.73% |
0.00% |
9.18% |
8.28% |
1.39% |
1.05% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
44.78% |
53.05% |
40.97% |
50.09% |
48.09% |
71.38% |
47.85% |
54.78% |
52.62% |
57.42% |
51.94% |
EBIT Margin |
|
42.50% |
48.77% |
37.38% |
48.63% |
50.02% |
61.04% |
45.63% |
50.99% |
50.71% |
54.37% |
51.30% |
Profit (Net Income) Margin |
|
32.06% |
37.37% |
28.04% |
36.40% |
37.66% |
46.30% |
40.83% |
41.30% |
40.59% |
43.77% |
42.30% |
Tax Burden Percent |
|
75.43% |
76.62% |
75.02% |
74.85% |
75.28% |
75.85% |
89.49% |
81.00% |
80.05% |
80.50% |
82.46% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
24.57% |
23.38% |
24.98% |
25.15% |
24.72% |
24.15% |
10.51% |
19.00% |
19.95% |
19.50% |
17.54% |
Return on Invested Capital (ROIC) |
|
0.00% |
9.59% |
7.28% |
10.32% |
9.84% |
13.46% |
0.00% |
0.00% |
10.86% |
9.01% |
9.49% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
9.59% |
7.28% |
10.32% |
9.84% |
13.46% |
0.00% |
0.00% |
10.86% |
9.01% |
9.49% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
2.34% |
1.29% |
1.51% |
1.31% |
3.08% |
0.00% |
0.00% |
2.11% |
1.93% |
1.47% |
Return on Equity (ROE) |
|
0.00% |
11.93% |
8.57% |
11.83% |
11.16% |
16.54% |
0.00% |
0.00% |
12.98% |
10.95% |
10.95% |
Cash Return on Invested Capital (CROIC) |
|
0.00% |
-29.27% |
-53.56% |
-52.68% |
-21.68% |
-14.04% |
0.00% |
0.00% |
-3.95% |
2.79% |
-9.68% |
Operating Return on Assets (OROA) |
|
0.00% |
1.83% |
1.42% |
1.98% |
1.95% |
2.97% |
0.00% |
0.00% |
2.33% |
1.96% |
1.94% |
Return on Assets (ROA) |
|
0.00% |
1.40% |
1.06% |
1.48% |
1.47% |
2.25% |
0.00% |
0.00% |
1.87% |
1.58% |
1.60% |
Return on Common Equity (ROCE) |
|
0.00% |
11.93% |
8.57% |
11.83% |
11.16% |
16.54% |
0.00% |
0.00% |
12.98% |
10.95% |
10.95% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
0.00% |
8.13% |
8.44% |
9.09% |
0.00% |
0.00% |
0.00% |
13.19% |
0.00% |
10.55% |
Net Operating Profit after Tax (NOPAT) |
|
11 |
13 |
11 |
14 |
15 |
35 |
15 |
16 |
17 |
18 |
18 |
NOPAT Margin |
|
32.06% |
37.37% |
28.04% |
36.40% |
37.66% |
46.30% |
40.83% |
41.30% |
40.59% |
43.77% |
42.30% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
41.47% |
35.38% |
35.31% |
34.43% |
35.32% |
18.13% |
39.64% |
34.79% |
35.02% |
35.17% |
34.98% |
Operating Expenses to Revenue |
|
57.50% |
49.77% |
51.63% |
51.37% |
49.98% |
38.29% |
53.84% |
49.01% |
49.29% |
48.13% |
47.78% |
Earnings before Interest and Taxes (EBIT) |
|
14 |
17 |
14 |
19 |
20 |
46 |
17 |
20 |
21 |
22 |
22 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
15 |
18 |
16 |
19 |
19 |
54 |
18 |
21 |
21 |
23 |
22 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.00 |
2.08 |
0.00 |
0.00 |
1.36 |
1.39 |
0.00 |
0.00 |
1.44 |
1.55 |
1.49 |
Price to Tangible Book Value (P/TBV) |
|
0.00 |
2.89 |
0.00 |
0.00 |
2.11 |
2.07 |
0.00 |
0.00 |
2.11 |
2.23 |
2.14 |
Price to Revenue (P/Rev) |
|
0.00 |
7.61 |
0.00 |
0.00 |
5.22 |
4.51 |
0.00 |
0.00 |
4.71 |
6.29 |
5.95 |
Price to Earnings (P/E) |
|
0.00 |
20.85 |
0.00 |
0.00 |
15.00 |
11.59 |
0.00 |
0.00 |
10.95 |
15.11 |
14.17 |
Dividend Yield |
|
0.00% |
1.05% |
0.00% |
0.00% |
1.45% |
1.35% |
0.00% |
0.00% |
1.54% |
1.56% |
1.69% |
Earnings Yield |
|
0.00% |
4.80% |
0.00% |
0.00% |
6.67% |
8.63% |
0.00% |
0.00% |
9.13% |
6.62% |
7.06% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
1.64 |
0.00 |
0.00 |
1.20 |
1.00 |
0.00 |
0.00 |
1.10 |
1.11 |
1.03 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
7.64 |
0.00 |
0.00 |
5.30 |
3.86 |
0.00 |
0.00 |
4.41 |
5.57 |
5.01 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
15.00 |
0.00 |
0.00 |
11.77 |
7.15 |
0.00 |
0.00 |
7.91 |
10.48 |
9.14 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
15.86 |
0.00 |
0.00 |
11.48 |
7.48 |
0.00 |
0.00 |
8.20 |
11.02 |
9.66 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
20.92 |
0.00 |
0.00 |
15.22 |
9.92 |
0.00 |
0.00 |
10.26 |
13.37 |
11.92 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
23.64 |
0.00 |
0.00 |
15.16 |
13.96 |
0.00 |
0.00 |
15.38 |
13.31 |
11.53 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
41.10 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.11 |
0.27 |
0.21 |
0.16 |
0.15 |
0.20 |
0.08 |
0.17 |
0.23 |
0.23 |
0.23 |
Long-Term Debt to Equity |
|
0.06 |
0.06 |
0.13 |
0.12 |
0.12 |
0.08 |
0.08 |
0.17 |
0.23 |
0.23 |
0.23 |
Financial Leverage |
|
0.12 |
0.24 |
0.18 |
0.15 |
0.13 |
0.23 |
0.14 |
0.17 |
0.19 |
0.21 |
0.15 |
Leverage Ratio |
|
8.60 |
8.51 |
8.05 |
7.97 |
7.60 |
7.35 |
7.06 |
6.95 |
6.95 |
6.92 |
6.84 |
Compound Leverage Factor |
|
8.60 |
8.51 |
8.05 |
7.97 |
7.60 |
7.35 |
7.06 |
6.95 |
6.95 |
6.92 |
6.84 |
Debt to Total Capital |
|
9.85% |
21.30% |
17.30% |
14.15% |
13.16% |
16.56% |
7.20% |
14.27% |
18.98% |
18.72% |
18.47% |
Short-Term Debt to Total Capital |
|
4.51% |
16.88% |
6.86% |
3.58% |
2.59% |
10.20% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
5.35% |
4.42% |
10.44% |
10.57% |
10.58% |
6.36% |
7.20% |
14.27% |
18.98% |
18.72% |
18.47% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
90.15% |
78.70% |
82.70% |
85.85% |
86.84% |
83.44% |
92.80% |
85.73% |
81.02% |
81.28% |
81.53% |
Debt to EBITDA |
|
0.00 |
1.95 |
1.82 |
1.38 |
1.29 |
1.19 |
0.00 |
0.00 |
1.37 |
1.76 |
1.65 |
Net Debt to EBITDA |
|
0.00 |
0.05 |
-0.80 |
-0.25 |
0.17 |
-1.20 |
0.00 |
0.00 |
-0.53 |
-1.36 |
-1.73 |
Long-Term Debt to EBITDA |
|
0.00 |
0.40 |
1.10 |
1.03 |
1.04 |
0.46 |
0.00 |
0.00 |
1.37 |
1.76 |
1.65 |
Debt to NOPAT |
|
0.00 |
2.71 |
2.57 |
1.95 |
1.67 |
1.65 |
0.00 |
0.00 |
1.78 |
2.25 |
2.15 |
Net Debt to NOPAT |
|
0.00 |
0.07 |
-1.14 |
-0.36 |
0.22 |
-1.67 |
0.00 |
0.00 |
-0.69 |
-1.74 |
-2.25 |
Long-Term Debt to NOPAT |
|
0.00 |
0.56 |
1.55 |
1.46 |
1.34 |
0.63 |
0.00 |
0.00 |
1.78 |
2.25 |
2.15 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-118 |
-174 |
-313 |
-301 |
-163 |
-132 |
39 |
-36 |
-95 |
-27 |
-120 |
Operating Cash Flow to CapEx |
|
0.00% |
1,292.83% |
152.15% |
272.95% |
383.33% |
934.71% |
170.82% |
0.00% |
1,017.94% |
907.30% |
286.39% |
Free Cash Flow to Firm to Interest Expense |
|
-38.59 |
-33.83 |
-36.07 |
-25.85 |
-12.57 |
-8.39 |
2.44 |
-2.20 |
-5.23 |
-1.47 |
-6.51 |
Operating Cash Flow to Interest Expense |
|
0.00 |
3.90 |
0.47 |
0.95 |
1.35 |
1.29 |
0.08 |
0.00 |
1.03 |
1.69 |
0.33 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
3.60 |
0.16 |
0.60 |
1.00 |
1.15 |
0.03 |
0.00 |
0.93 |
1.51 |
0.22 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
0.04 |
0.04 |
0.04 |
0.04 |
0.05 |
0.00 |
0.00 |
0.05 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
0.00 |
2.34 |
2.36 |
2.45 |
2.35 |
3.03 |
0.00 |
0.00 |
2.74 |
2.23 |
2.29 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
487 |
576 |
680 |
665 |
665 |
743 |
657 |
717 |
776 |
787 |
795 |
Invested Capital Turnover |
|
0.00 |
0.26 |
0.26 |
0.28 |
0.26 |
0.29 |
0.00 |
0.00 |
0.27 |
0.21 |
0.22 |
Increase / (Decrease) in Invested Capital |
|
128 |
186 |
323 |
315 |
177 |
167 |
-23 |
52 |
111 |
44 |
139 |
Enterprise Value (EV) |
|
0.00 |
946 |
0.00 |
0.00 |
798 |
739 |
0.00 |
0.00 |
851 |
876 |
815 |
Market Capitalization |
|
0.00 |
943 |
0.00 |
0.00 |
787 |
864 |
0.00 |
0.00 |
908 |
990 |
969 |
Book Value per Share |
|
$58.89 |
$50.18 |
$53.65 |
$54.95 |
$55.57 |
$59.79 |
$60.08 |
$60.96 |
$62.80 |
$63.89 |
$64.88 |
Tangible Book Value per Share |
|
$41.55 |
$36.11 |
$33.90 |
$35.18 |
$35.96 |
$40.30 |
$40.30 |
$41.21 |
$43.06 |
$44.28 |
$45.36 |
Total Capital |
|
487 |
576 |
680 |
665 |
665 |
743 |
657 |
717 |
776 |
787 |
795 |
Total Debt |
|
48 |
123 |
118 |
94 |
88 |
123 |
47 |
102 |
147 |
147 |
147 |
Total Long-Term Debt |
|
26 |
25 |
71 |
70 |
70 |
47 |
47 |
102 |
147 |
147 |
147 |
Net Debt |
|
-95 |
3.27 |
-52 |
-17 |
12 |
-124 |
-36 |
3.37 |
-57 |
-114 |
-154 |
Capital Expenditures (CapEx) |
|
0.00 |
1.55 |
2.70 |
4.05 |
4.56 |
2.17 |
0.78 |
0.00 |
1.85 |
3.40 |
2.15 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
48 |
123 |
118 |
94 |
88 |
123 |
47 |
102 |
147 |
147 |
147 |
Total Depreciation and Amortization (D&A) |
|
0.75 |
1.47 |
1.37 |
0.57 |
-0.76 |
7.79 |
0.84 |
1.48 |
0.78 |
1.22 |
0.28 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.26 |
$1.43 |
$1.09 |
$1.37 |
$1.43 |
$3.39 |
$1.51 |
$1.59 |
$1.65 |
$1.75 |
$1.82 |
Adjusted Weighted Average Basic Shares Outstanding |
|
9.03M |
10.48M |
10.39M |
10.39M |
10.37M |
10.14M |
10.08M |
10.01M |
10.01M |
9.99M |
9.92M |
Adjusted Diluted Earnings per Share |
|
$1.26 |
$1.43 |
$1.09 |
$1.37 |
$1.43 |
$3.39 |
$1.51 |
$1.59 |
$1.65 |
$1.75 |
$1.82 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
9.03M |
10.48M |
10.39M |
10.39M |
10.37M |
10.14M |
10.08M |
10.01M |
10.01M |
9.99M |
9.92M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
9.03M |
10.48M |
10.39M |
10.39M |
10.37M |
10.14M |
10.08M |
10.01M |
10.01M |
9.99M |
9.92M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
11 |
13 |
11 |
14 |
15 |
36 |
15 |
16 |
17 |
17 |
18 |
Normalized NOPAT Margin |
|
32.06% |
37.37% |
28.04% |
37.34% |
37.76% |
47.90% |
40.72% |
40.34% |
40.59% |
43.40% |
42.30% |
Pre Tax Income Margin |
|
42.50% |
48.77% |
37.38% |
48.63% |
50.02% |
61.04% |
45.63% |
50.99% |
50.71% |
54.37% |
51.30% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
4.58 |
3.27 |
1.64 |
1.62 |
1.52 |
2.92 |
1.08 |
1.21 |
1.14 |
1.20 |
1.20 |
NOPAT to Interest Expense |
|
3.46 |
2.50 |
1.23 |
1.21 |
1.14 |
2.22 |
0.97 |
0.98 |
0.91 |
0.96 |
0.99 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
2.96 |
1.33 |
1.27 |
1.17 |
2.78 |
1.03 |
0.00 |
1.04 |
1.01 |
1.08 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
2.20 |
0.92 |
0.87 |
0.79 |
2.08 |
0.92 |
0.00 |
0.81 |
0.78 |
0.87 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
0.00% |
17.30% |
19.17% |
21.26% |
21.17% |
16.05% |
0.00% |
0.00% |
17.12% |
23.74% |
24.14% |
Augmented Payout Ratio |
|
0.00% |
48.96% |
54.23% |
42.30% |
38.53% |
29.53% |
0.00% |
0.00% |
56.76% |
72.43% |
47.58% |
Key Financial Trends
Bank First Corp (NASDAQ:BFC) has exhibited consistent growth and strong financial performance over the past several quarters, with several notable trends observed in its recent quarterly reports.
Positive Highlights:
- Net income has steadily increased from $10.68 million in Q1 2023 to $18.24 million in Q1 2025, indicating improved profitability.
- Earnings per share (both basic and diluted) have grown from $1.09 in Q3 2023 to $1.82 in Q1 2025, showing good returns for shareholders.
- Total interest income rose from $40.9 million in Q1 2024 to $55 million in Q1 2025, driven by growth in loans and leases interest income.
- Total revenue increased quarter-on-quarter, with total revenue in Q1 2025 at $43.1 million compared to $37.7 million in Q1 2024 and $38 million in Q1 2023.
- Net cash from operating activities in Q1 2025 was $6.17 million, showing positive cash flow generation from core operations.
- Total assets have grown steadily over the past two years, from approximately $3 billion in 2022 to over $4.5 billion by Q1 2025, demonstrating balance sheet expansion.
- Loan portfolio growth is notable, with net loans and leases increasing from about $3.3 billion in early 2023 to $3.5 billion by Q1 2025.
- Dividend payments per share have consistently increased, from $0.22 in Q2 2022 to $0.45 in Q1 2025, reflecting management’s confidence and commitment to shareholder returns.
- The bank manages to keep provision for loan losses relatively steady and low, with $400,000 in Q1 2025, indicating minimal credit risk issues.
- Net cash from continuing investing activities turned positive in Q1 2025 ($31.5 million), compared to negative values in prior quarters, suggesting good management of investment securities.
Neutral Factors:
- Total non-interest expense has fluctuated but remains significant, around $20 million in recent quarters, emphasizing the need for ongoing expense management.
- There is ongoing repurchase of common equity, totaling $6.38 million in Q1 2025, which can be positive for shareholder value but requires capital deployment.
- The bank continues to invest in property, leasehold improvements, and equipment, with about $2.15 million spent in Q1 2025, indicating reinvestment in physical and operational capacity.
- Amortization expense remains meaningful but stable, supporting ongoing intangible asset management.
- There is a small issuance of common equity in Q1 2025, suggesting measured capital raising or employee stock programs.
Negative Considerations:
- Significant fluctuations in changes in operating assets and liabilities, with a negative $10.4 million adjustment in Q1 2025, indicate some operational cash flow volatility.
- Repayment of debt was negative $508,000 in Q1 2025, a minor outflow, but long-term debt remains elevated at around $147 million as of Q3 2024.
- Net cash from financing activities in Q1 2025 is modestly positive ($1.82 million) but has been highly variable historically, suggesting fluctuating capital structure management.
- Allowance for loan and lease losses saw an increase ($43.7 million in Q1 2025), which, although not alarming, suggests a cautious approach towards credit risk.
- Other comprehensive income items (negative $8.6 million in Q1 2025) can impact shareholders’ equity and indicate potential market or valuation adjustments.
Summary: Bank First Corp has demonstrated strong and consistent growth in profitability, earnings per share, and balance sheet size over recent quarters, underpinned by increased interest income and expanding loan portfolios. The company effectively manages credit risk with modest provisions and maintains healthy cash flows from operations and investing activities. Despite some cash flow variability and the ongoing need to manage expenses and capital structure, the growing dividend and equity repurchases highlight shareholder-friendly management actions. Overall, Bank First National appears financially robust with positive momentum heading into 2025.
09/18/25 04:35 AM ETAI Generated. May Contain Errors.