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Bank First National (BFC) Financials

Bank First National logo
$116.45 +0.90 (+0.78%)
Closing price 04:00 PM Eastern
Extended Trading
$116.47 +0.02 (+0.02%)
As of 04:10 PM Eastern
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Annual Income Statements for Bank First National

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.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 15 15 25 27 38 45 45 75 66
Consolidated Net Income / (Loss)		 15 15 25 27 38 45 45 75 66
Net Income / (Loss) Continuing Operations		 15 15 25 27 38 45 45 75 66
Total Pre-Tax Income 		23 24 32 34 50 60 60 99 80
Total Revenue		 48 56 75 82 106 114 124 192 157
Net Interest Income / (Expense)		 39 46 63 70 87 90 104 133 138
Total Interest Income		 45 53 78 89 101 98 117 182 206
Loans and Leases Interest Income		 41 49 72 83 95 93 107 169 189
Investment Securities Interest Income		 3.87 4.61 5.84 6.23 5.43 4.96 9.58 14 17
Total Interest Expense		 5.93 7.73 15 19 14 8.30 12 49 69
Deposits Interest Expense		 5.51 6.44 12 18 12 7.53 10 42 64
Short-Term Borrowings Interest Expense		 - 1.02 2.06 1.16 1.28 0.77 1.64 4.82 4.42
Federal Funds Purchased and Securities Sold Interest Expense		 0.07 0.27 0.40 0.46 0.11 0.01 0.54 1.81 0.02
Total Non-Interest Income		 9.24 9.82 12 13 19 24 20 58 20
Service Charges on Deposit Accounts		 1.01 - - 0.55 1.49 1.62 1.92 2.86 2.94
Other Service Charges		 3.48 4.81 6.15 5.09 8.63 8.10 7.74 9.87 12
Net Realized & Unrealized Capital Gains on Investments		 1.04 0.86 0.59 5.20 6.98 9.93 4.62 42 1.30
Other Non-Interest Income		 3.72 4.15 4.77 1.79 1.80 3.88 5.42 3.32 3.20
Provision for Credit Losses		 0.32 1.06 2.94 5.25 7.13 3.10 2.20 4.68 -0.80
Total Non-Interest Expense		 25 30 40 43 49 51 62 88 79
Salaries and Employee Benefits		 13 17 22 23 27 29 33 40 41
Net Occupancy & Equipment Expense		 5.05 6.04 7.12 8.37 10 9.54 12 14 16
Marketing Expense		 0.20 0.18 0.22 0.27 0.23 0.23 0.27 0.33 0.31
Property & Liability Insurance Claims		 - - - - - - 1.10 1.83 1.85
Insurance Policy Acquisition Costs		 2.67 3.32 3.13 3.04 4.11 3.08 5.63 4.52 4.56
Other Operating Expenses		 3.82 4.15 6.63 7.18 5.24 7.79 7.84 19 10
Amortization Expense		 0.02 0.13 0.76 1.07 1.64 1.41 2.32 6.32 5.79
Other Special Charges		 0.03 -0.05 0.25 -0.07 - -0.02 -0.15 2.13 -0.69
Income Tax Expense		 7.71 8.83 6.60 7.60 12 15 14 24 14
Basic Earnings per Share		 $2.40 $2.44 $3.81 $3.91 $5.07 $5.92 $5.58 $7.28 $6.50
Weighted Average Basic Shares Outstanding		 - - 6.58M 7.09M 7.73M 7.58M 10.48M 10.14M 9.99M
Diluted Earnings per Share		 $2.40 $2.44 $3.81 $3.87 $5.07 $5.92 $5.58 $7.28 $6.50
Weighted Average Diluted Shares Outstanding		 - - 6.58M 7.09M 7.73M 7.58M 10.48M 10.14M 9.99M
Weighted Average Basic & Diluted Shares Outstanding		 - - 6.58M 7.09M 7.73M 7.58M 10.48M 10.14M 9.99M
Cash Dividends to Common per Share		 $0.59 $0.64 $0.68 $0.80 $0.81 $1.14 $0.94 $1.15 $1.55

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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
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
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
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
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
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
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
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 demonstrated solid financial performance over the past four years, with several key trends emerging from the latest financial statements through Q1 2025.

Positive Highlights:

  • Net income has consistently grown, reaching $18.24 million in Q1 2025, up from $10.68 million in Q1 2023 and $12.84 million in Q4 2022, reflecting improved profitability.
  • Earnings per share have steadily increased, currently at $1.82 basic and diluted in Q1 2025, compared to $1.09 in Q1 2023, indicating enhanced shareholder value.
  • Net interest income improved to $36.54 million in Q1 2025, up from approximately $32.2 million in Q1 2023, showing strength in core banking operations.
  • Total assets grew to approximately $4.5 billion by Q1 2025, compared to about $4.17 billion in Q1 2023, signaling asset base expansion.
  • Loan portfolio net of allowances increased to about $3.5 billion in Q1 2025, from roughly $3.28 billion in Q1 2023, supporting revenue growth from lending activities.
  • The bank's total deposits rose to approximately $3.58 billion (sum of interest and non-interest bearing) in Q1 2025, indicating strong customer funding.
  • Dividend payments and share repurchases reflect ongoing commitment to returning capital to shareholders, with cash dividends per share increasing from $0.25 in Q1 2023 to $0.45 in Q1 2025.
  • Capital structure remains strong with total common equity increasing to approximately $648 million in Q1 2025 from $562 million in Q1 2023, enhancing financial stability.
  • Operational expenses have been managed in line with revenue growth; while total non-interest expenses rose to about $20.6 million in Q1 2025, this is balanced by higher total revenue of $43.1 million.

Neutral Observations:

  • Provision for loan losses was $400,000 in Q1 2025, which is stable but requires monitoring in line with credit quality trends.
  • Net cash from operating activities decreased in Q1 2025 compared to prior quarters, influenced by changes in operating assets and liabilities.
  • There is some fluctuation in amortization and depreciation expenses quarter to quarter, which is typical for banking operations with intangible assets and fixed assets.

Potential Concerns:

  • Significant purchases of investment securities ($225 million in Q1 2025) outpaced sales/maturities, which could impact liquidity depending on market conditions.
  • Repurchase of common equity was high at approximately $6.38 million in Q1 2025, which, while benefiting EPS, reduces cash reserves.
  • Short-term borrowings interest expense has remained around $1.6 million in Q1 2025, indicating reliance on costlier short-term funding that may pressure margins.
  • Fluctuations in changes in operating assets and liabilities caused volatile net cash from operating activities across recent quarters, which could reflect changes in loan demand or deposit flows.
  • Accumulated other comprehensive income/loss was negative and increased in magnitude, reaching -$8.6 million in Q1 2025, which could affect book equity if these unrealized losses persist.

Summary: Bank First Corp’s financials show steady growth in profitability, asset base and equity capital over the last four years, with improving earnings per share and dividends enhancing shareholder value. The bank maintains a strong deposit base and expanding loan portfolio, supporting continued revenue growth. However, investors should watch the high level of investment purchases relative to sales, the impact of recent share repurchases on liquidity, and the volatility in operating cash flows driven by balance sheet management. Overall, the trend is positive for long-term value creation, balanced with typical banking sector risks around asset-liability management and market conditions.

08/08/25 06:01 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Bank First National's Financials

When does Bank First National's financial year end?

According to the most recent income statement we have on file, Bank First National's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Bank First National's net income changed over the last 8 years?

Bank First National's net income appears to be on an upward trend, with a most recent value of $65.56 million in 2024, rising from $14.91 million in 2016. The previous period was $74.51 million in 2023. Find out what analysts predict for Bank First National in the coming months.

How has Bank First National's revenue changed over the last 8 years?

Over the last 8 years, Bank First National's total revenue changed from $48.04 million in 2016 to $157.48 million in 2024, a change of 227.8%.

How much debt does Bank First National have?

Bank First National's total liabilities were at $3.86 billion at the end of 2024, a 7.0% increase from 2023, and a 142.2% increase since 2017.

How much cash does Bank First National have?

In the past 7 years, Bank First National's cash and equivalents has ranged from $29.17 million in 2021 to $69.97 million in 2023, and is currently $59.16 million as of their latest financial filing in 2024.

How has Bank First National's book value per share changed over the last 8 years?

Over the last 8 years, Bank First National's book value per share changed from 0.00 in 2016 to 63.89 in 2024, a change of 6,389.1%.


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This page (NASDAQ:BFC) was last updated on 8/8/2025 by MarketBeat.com Staff
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