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 demonstrated steady financial growth over the last few years, highlighted by improving earnings, strong net interest income, and a stable balance sheet.
Income Statement Trends:
- Net interest income has grown from approximately $23.48 million in Q2 2022 to $55.05 million in Q1 2025, driven by increased loans and leases interest income.
- Net income attributable to common shareholders increased consistently, reaching $18.24 million in Q1 2025 from $11.65 million in Q2 2022.
- Earnings per share have steadily increased, from $0.22 in Q2 2022 to $1.82 in Q1 2025 diluted EPS, showing improved profitability.
- Provision for credit losses fluctuated but currently stands at $400,000, indicating moderate impact from credit quality.
- Non-interest income remains a smaller component but shows steady contributions, with items like service charges and net capital gains.
- Non-interest expenses have increased over time, reaching over $20 million in Q1 2025 from about $13 million in Q2 2022, which could pressure margins.
Cash Flow Statement Highlights:
- Strong net cash from operating activities, with $6.17 million in Q1 2025, reflecting solid cash generation capabilities.
- Net cash from investing activities turned positive in Q1 2025 at $31.54 million, supported by the sale/maturity of investments exceeding purchases.
- Significant cash outflows for repurchase of common equity ($6.38 million in Q1 2025) might impact cash reserves but could support share price.
- The company maintains regular dividend payments with $0.45 per common share in Q1 2025, consistent with its history of dividends.
Balance Sheet Observations:
- Total assets have grown from approximately $2.96 billion in Q2 2022 to $4.51 billion in Q1 2025, suggesting growth in lending and investment operations.
- Loans and leases net of allowance increased steadily to $3.50 billion in Q1 2025 from about $3.27 billion in mid-2022, indicating loan portfolio growth.
- Allowance for loan and lease losses is stable at roughly 1.24% of loans in Q1 2025, providing reasonable cushion against credit losses.
- Common equity rose to $648.4 million in Q1 2025 from $314 million in Q2 2022, reflecting retained earnings growth and capital strengthening.
- Long-term debt increased but appears manageable relative to equity and assets, suggesting balanced leverage.
- Cash and due from banks increased to about $60.6 million in Q1 2025, supporting liquidity needs.
Summary: Bank First Corp has shown consistent earnings growth, supported by robust net interest income and expansion in loans and assets. The company's increased equity base and cash flow from operations suggest financial resilience. While non-interest expenses have increased, the firm maintains disciplined credit loss provisions and a steady dividend policy, which may appeal to income-oriented investors. Monitoring expense trends and credit quality will be important going forward, but overall the financial trends point to a solid and growing banking franchise.
08/29/25 12:05 AM ETAI Generated. May Contain Errors.