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Bank First National (BFC) Financials

Bank First National logo
$150.96 -2.80 (-1.82%)
As of 02:34 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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 15 15 25 27 38 45 45 75 66 71
Consolidated Net Income / (Loss)		 15 15 25 27 38 45 45 75 66 71
Net Income / (Loss) Continuing Operations		 15 15 25 27 38 45 45 75 66 71
Total Pre-Tax Income 		23 24 32 34 50 60 60 99 80 88
Total Revenue		 48 56 75 82 106 114 124 192 157 174
Net Interest Income / (Expense)		 39 46 63 70 87 90 104 133 138 152
Total Interest Income		 45 53 78 89 101 98 117 182 206 222
Loans and Leases Interest Income		 41 49 72 83 95 93 107 169 189 204
Investment Securities Interest Income		 3.87 4.61 5.84 6.23 5.43 4.96 9.58 9.50 11 12
Other Interest Income		 - - - - - - - 4.17 6.10 5.79
Total Interest Expense		 5.93 7.73 15 19 14 8.30 12 49 69 70
Deposits Interest Expense		 5.51 6.44 12 18 12 7.53 10 42 64 64
Short-Term Borrowings Interest Expense		 - 1.02 2.06 1.16 1.28 0.77 1.64 4.82 4.42 6.41
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 0.00
Total Non-Interest Income		 9.24 9.82 12 13 19 24 20 58 20 22
Service Charges on Deposit Accounts		 1.01 - - 0.55 1.49 1.62 1.92 2.86 2.94 2.95
Other Service Charges		 3.48 4.81 6.15 5.09 8.63 8.10 7.74 9.87 12 13
Net Realized & Unrealized Capital Gains on Investments		 1.04 0.86 0.59 5.20 6.98 9.93 4.62 42 1.30 1.80
Other Non-Interest Income		 3.72 4.15 4.77 1.79 1.80 3.88 5.42 3.32 3.20 4.20
Provision for Credit Losses		 0.32 1.06 2.94 5.25 7.13 3.10 2.20 4.68 -0.80 1.25
Total Non-Interest Expense		 25 30 40 43 49 51 62 88 79 84
Salaries and Employee Benefits		 13 17 22 23 27 29 33 40 41 42
Net Occupancy & Equipment Expense		 5.05 6.04 7.12 8.37 10 9.54 12 14 16 18
Marketing Expense		 0.20 0.18 0.22 0.27 0.23 0.23 0.27 0.33 0.31 0.18
Property & Liability Insurance Claims		 - - - - - - 1.10 1.83 1.85 2.31
Insurance Policy Acquisition Costs		 2.67 3.32 3.13 3.04 4.11 3.08 5.63 4.52 4.56 5.23
Other Operating Expenses		 3.82 4.15 6.63 7.18 5.24 7.79 7.84 19 10 11
Amortization Expense		 0.02 0.13 0.76 1.07 1.64 1.41 2.32 6.32 5.79 5.00
Other Special Charges		 0.03 -0.05 0.25 -0.07 - -0.02 -0.15 2.13 -0.69 -0.16
Income Tax Expense		 7.71 8.83 6.60 7.60 12 15 14 24 14 17
Basic Earnings per Share		 $2.40 $2.44 $3.81 $3.91 $5.07 $5.92 $5.58 $7.28 $6.50 $7.23
Weighted Average Basic Shares Outstanding		 - - 6.58M 7.09M 7.73M 7.58M 10.48M 10.14M 9.99M 11.20M
Diluted Earnings per Share		 $2.40 $2.44 $3.81 $3.87 $5.07 $5.92 $5.58 $7.28 $6.50 $7.23
Weighted Average Diluted Shares Outstanding		 - - 6.58M 7.09M 7.73M 7.58M 10.48M 10.14M 9.99M 11.20M
Weighted Average Basic & Diluted Shares Outstanding		 - - 6.58M 7.09M 7.73M 7.58M 10.48M 10.14M 9.99M 11.20M
Cash Dividends to Common per Share		 $0.59 $0.64 $0.68 $0.80 $0.81 $1.14 $0.94 $1.15 $1.55 $5.30

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 35 15 16 17 18 18 17 18 18 20 25
Consolidated Net Income / (Loss)		 35 15 16 17 18 18 17 18 18 20 25
Net Income / (Loss) Continuing Operations		 35 15 16 17 18 18 17 18 18 20 25
Total Pre-Tax Income 		46 17 20 21 22 22 21 22 23 25 31
Total Revenue		 75 38 39 41 40 43 42 44 45 64 65
Net Interest Income / (Expense)		 33 33 33 36 36 37 37 38 40 53 55
Total Interest Income		 49 49 49 54 54 55 55 55 57 74 76
Loans and Leases Interest Income		 45 45 46 49 48 49 50 52 53 65 67
Investment Securities Interest Income		 4.16 4.40 3.00 4.59 5.41 3.25 3.02 3.56 -1.76 6.42 6.54
Other Interest Income		 - - - - - 2.56 1.63 - - 2.62 2.20
Total Interest Expense		 16 16 16 18 18 19 18 17 16 20 21
Deposits Interest Expense		 13 15 16 16 16 17 16 16 15 20 19
Short-Term Borrowings Interest Expense		 2.13 0.51 0.55 1.67 1.70 1.66 1.67 1.43 1.64 0.34 1.50
Total Non-Interest Income		 42 4.40 5.88 4.89 4.51 6.59 4.92 5.95 4.76 11 10
Service Charges on Deposit Accounts		 0.74 0.73 0.74 0.73 0.74 0.73 0.73 0.74 0.75 0.96 0.95
Other Service Charges		 2.67 2.79 3.15 3.07 3.24 4.15 2.78 3.17 3.14 5.87 5.37
Net Realized & Unrealized Capital Gains on Investments		 39 0.22 0.28 0.38 0.43 0.33 0.34 0.48 0.65 1.08 0.66
Investment Banking Income		 - - - - - 0.02 0.02 - - 1.58 1.62
Other Non-Interest Income		 0.05 0.67 1.72 0.72 0.10 1.36 1.05 1.56 0.22 1.06 1.40
Provision for Credit Losses		 0.50 0.20 0.00 0.00 -1.00 0.40 0.20 0.65 - 0.00 0.00
Total Non-Interest Expense		 29 20 19 20 19 21 21 21 22 39 34
Salaries and Employee Benefits		 10 11 10 10 9.89 11 10 10 11 22 17
Net Occupancy & Equipment Expense		 3.21 3.97 3.44 4.10 4.13 4.04 4.54 4.07 5.45 5.97 6.68
Marketing Expense		 0.10 0.10 0.08 0.06 0.08 0.07 0.06 0.08 -0.03 0.08 0.15
Property & Liability Insurance Claims		 - 0.42 0.44 0.50 - 0.63 0.63 0.54 0.51 0.72 0.85
Insurance Policy Acquisition Costs		 -0.47 0.88 1.45 1.10 -0.22 0.79 1.14 1.82 1.49 2.40 1.99
Other Operating Expenses		 11 2.62 2.63 2.79 2.36 2.80 2.85 2.85 2.82 5.72 5.39
Amortization Expense		 1.60 1.50 1.48 1.43 1.39 1.30 1.27 1.23 1.20 2.57 2.55
Other Special Charges		 1.59 -0.05 -0.46 0.00 -0.19 0.00 -0.16 0.00 - -0.19 -0.03
Income Tax Expense		 11 1.81 3.77 4.12 4.25 3.88 3.79 4.48 4.52 4.70 5.94
Basic Earnings per Share		 $3.39 $1.51 $1.59 $1.65 $1.75 $1.82 $1.71 $1.83 $1.87 $1.78 $2.21
Weighted Average Basic Shares Outstanding		 10.14M 10.08M 10.01M 10.01M 9.99M 9.92M 9.83M 9.84M 11.20M 11.16M 11.09M
Diluted Earnings per Share		 $3.39 $1.51 $1.59 $1.65 $1.75 $1.82 $1.71 $1.83 $1.87 $1.78 $2.21
Weighted Average Diluted Shares Outstanding		 10.14M 10.08M 10.01M 10.01M 9.99M 9.92M 9.83M 9.84M 11.20M 11.16M 11.09M
Weighted Average Basic & Diluted Shares Outstanding		 10.14M 10.08M 10.01M 10.01M 9.99M 9.92M 9.83M 9.84M 11.20M 11.16M 11.09M

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 2025
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 12/31/2025
Net Change in Cash & Equivalents		 -5.49 22 5.77 -21 84 127 -178 128 14 -18
Net Cash From Operating Activities		 14 18 23 23 44 40 40 53 66 62
Net Cash From Continuing Operating Activities		 14 18 23 23 44 40 40 53 66 62
Net Income / (Loss) Continuing Operations		 15 15 25 27 38 45 45 75 66 71
Consolidated Net Income / (Loss)		 15 15 25 27 38 45 45 75 66 71
Provision For Loan Losses		 0.32 1.06 2.94 5.25 7.13 3.10 2.20 4.68 -0.80 1.25
Depreciation Expense		 0.90 1.13 1.12 1.27 1.54 1.78 1.66 2.07 2.25 2.42
Amortization Expense		 0.83 1.46 -4.66 1.24 4.74 1.00 1.75 2.51 1.89 0.82
Non-Cash Adjustments to Reconcile Net Income		 -3.37 -5.36 -3.32 -12 -12 -7.89 -11 -45 -5.92 -9.80
Changes in Operating Assets and Liabilities, net		 0.82 4.73 1.53 0.55 4.56 -3.15 0.47 14 2.86 -3.71
Net Cash From Investing Activities		 -83 -41 -30 -106 -206 -94 -178 269 -253 -16
Net Cash From Continuing Investing Activities		 -83 -41 -30 -106 -206 -94 -178 269 -253 -16
Purchase of Property, Leasehold Improvements and Equipment		 -1.27 -2.83 -7.93 -7.27 -8.37 -8.72 -6.87 -13 -7.23 -11
Purchase of Investment Securities		 -115 -116 -52 -164 -376 -135 -345 -68 -472 -297
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 0.00
Divestitures		 - - - - - 0.00 0.00 52 0.00 0.00
Sale and/or Maturity of Investments		 32 77 30 64 178 50 174 297 222 290
Other Investing Activities, net		 0.93 0.96 - 1.33 - - - 1.92 2.34 2.56
Net Cash From Financing Activities		 63 45 13 62 246 180 -40 -194 201 -65
Net Cash From Continuing Financing Activities		 63 45 13 62 246 180 -40 -194 201 -65
Net Change in Deposits		 64 34 51 18 307 208 -73 -159 228 35
Issuance of Debt		 327 497 1,214 44 94 5.00 3,129 122 140 220
Issuance of Common Equity		 0.45 0.90 1.35 0.00 0.02 0.11 0.11 0.20 0.25 0.74
Repayment of Debt		 -327 -477 -1,223 -4.00 -134 -20 -3,130 -113 -44 -246
Repurchase of Common Equity		 -2.59 -3.63 -10 -4.21 -4.37 -8.27 -14 -10 -32 -22
Payment of Dividends		 -3.67 -4.05 -4.53 -5.46 -6.15 -8.73 -7.82 -12 -16 -53
Other Financing Activities, Net		 4.49 -2.54 -16 14 -10 4.75 56 -21 -76 0.00
Cash Interest Paid		 5.79 6.75 14 19 15 7.06 11 44 66 71
Cash Income Taxes Paid		 8.20 7.98 5.78 6.68 10 17 14 24 14 16

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 172 -164 16 105 57 40 -181 5.86 117 155 -132
Net Cash From Operating Activities		 20 1.33 15 19 31 6.17 12 15 29 -12 24
Net Cash From Continuing Operating Activities		 20 1.33 15 19 31 6.17 12 15 29 -12 24
Net Income / (Loss) Continuing Operations		 35 15 16 17 18 18 17 18 18 20 25
Consolidated Net Income / (Loss)		 35 15 16 17 18 18 17 18 18 20 25
Depreciation Expense		 0.68 0.56 0.56 0.57 0.56 0.59 0.59 0.61 0.62 0.72 0.76
Amortization Expense		 7.12 -0.89 0.74 0.21 0.66 -1.33 0.43 0.58 0.13 -3.98 -2.12
Non-Cash Adjustments to Reconcile Net Income		 -40 1.43 -4.18 -4.22 2.22 -1.32 -4.28 -1.39 -1.80 -3.56 3.12
Changes in Operating Assets and Liabilities, net		 17 -15 1.76 5.66 11 -10 -1.97 -2.99 12 -25 -2.00
Net Cash From Investing Activities		 83 -43 -27 -37 -146 32 -34 -49 35 239 -11
Net Cash From Continuing Investing Activities		 83 -43 -27 -37 -146 32 -34 -49 35 239 -11
Purchase of Property, Leasehold Improvements and Equipment		 -2.17 -0.78 -1.21 -1.85 -3.40 -2.15 -3.62 -2.98 -2.69 -5.24 -3.76
Purchase of Investment Securities		 -12 -132 -44 -47 -250 -225 -40 -57 24 42 -22
Sale of Property, Leasehold Improvements and Equipment		 - 0.00 - - - 0.00 - - - 0.00 0.08
Sale and/or Maturity of Investments		 45 90 16 11 107 259 8.95 11 11 202 15
Net Cash From Financing Activities		 69 -122 28 124 172 1.82 -158 39 53 -72 -146
Net Cash From Continuing Financing Activities		 69 -122 28 124 172 1.82 -158 39 53 -72 -146
Net Change in Deposits		 35 -17 -16 85 176 13 -79 -57 157 15 -99
Issuance of Common Equity		 0.05 0.06 0.07 0.07 0.06 0.06 0.53 0.07 0.07 0.09 0.07
Repayment of Debt		 -20 -4.12 -47 7.00 - -0.51 -25 - -220 -78 -20
Repurchase of Common Equity		 -0.94 -22 -7.94 -1.70 - -6.38 -16 - 0.00 -3.08 -20
Payment of Dividends		 -3.11 -3.54 -3.51 -4.04 -4.47 -4.49 -39 -4.43 -4.44 -5.61 -6.09
Cash Interest Paid		 15 16 15 18 18 19 19 17 17 19 22
Cash Income Taxes Paid		 11 - - 4.00 3.80 0.00 - 4.70 4.50 0.06 8.53

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 2025
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 12/31/2025
Total Assets		 1,753 1,793 2,210 2,718 2,938 3,660 4,222 4,495 4,506
Cash and Due from Banks		 38 41 34 36 29 52 70 59 55
Interest Bearing Deposits at Other Banks		 15 22 19 134 268 68 177 202 188
Trading Account Securities		 159 160 225 172 219 350 246 334 268
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 2,215 2,871 3,299 3,473 3,560
Loans and Leases		 - - - - - 2,894 3,343 3,517 3,605
Allowance for Loan and Lease Losses		 - - - - - 23 44 44 44
Loans Held for Sale		 1,386 1,416 1,726 2,175 0.79 0.65 3.01 3.09 6.24
Premises and Equipment, Net		 19 24 35 43 49 56 70 71 79
Goodwill		 15 15 43 55 55 110 175 175 175
Intangible Assets		 5.58 5.30 9.67 5.44 4.04 17 27 21 16
Other Assets		 67 65 85 97 97 136 154 156 158
Total Liabilities & Shareholders' Equity		 1,753 1,793 2,210 2,718 2,938 3,660 4,222 4,495 4,506
Total Liabilities		 1,592 1,619 1,980 2,423 2,615 3,207 3,602 3,855 3,862
Non-Interest Bearing Deposits		 437 449 476 716 800 934 1,051 1,025 1,003
Interest Bearing Deposits		 1,070 1,108 1,367 1,605 1,729 2,126 2,382 2,636 2,693
Long-Term Debt		 20 12 68 41 26 25 47 147 122
Other Long-Term Liabilities		 17 19 22 25 20 24 46 47 45
Total Equity & Noncontrolling Interests		 162 174 230 295 323 453 620 640 644
Total Preferred & Common Equity		 162 174 230 295 323 453 620 640 644
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 162 174 230 295 323 453 620 640 644
Common Stock		 28 28 63 93 93 218 334 334 334
Retained Earnings		 146 168 189 221 258 295 348 398 417
Treasury Stock		 -13 -21 -25 -25 -32 -45 -53 -83 -102
Accumulated Other Comprehensive Income / (Loss)		 0.98 -0.37 2.49 5.76 3.61 -16 -8.75 -9.35 -5.02

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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 4,167 4,092 4,088 4,100 4,146 4,294 4,505 4,365 4,420 6,069 5,948
Cash and Due from Banks		 43 50 46 36 46 64 61 85 48 64 85
Interest Bearing Deposits at Other Banks		 127 61 29 47 53 140 240 36 78 334 182
Trading Account Securities		 276 269 256 250 239 238 274 277 274 601 609
Loans and Leases, Net of Allowance		 3,280 3,271 3,312 3,339 3,384 3,426 3,504 3,536 3,585 4,459 4,466
Loans and Leases		 3,323 3,314 3,356 3,383 3,429 3,471 3,548 3,580 3,630 4,516 4,522
Allowance for Loan and Lease Losses		 43 43 43 44 45 45 44 44 45 57 56
Loans Held for Sale		 2.34 1.56 1.16 1.29 2.27 4.37 2.68 5.27 4.18 9.75 4.84
Premises and Equipment, Net		 64 67 71 70 69 70 73 76 78 93 96
Goodwill		 175 175 175 175 175 175 175 175 175 246 245
Intangible Assets		 32 30 29 25 24 23 20 19 17 46 43
Other Assets		 3,449 167 168 156 155 155 156 157 160 216 217
Total Liabilities & Shareholders' Equity		 4,167 4,092 4,088 4,100 4,146 4,294 4,505 4,365 4,420 6,069 5,948
Total Liabilities		 3,605 3,521 3,510 3,491 3,531 3,666 3,857 3,753 3,792 5,249 5,128
Non-Interest Bearing Deposits		 1,100 1,084 1,065 990 976 1,022 994 990 985 1,497 1,498
Interest Bearing Deposits		 2,363 2,322 2,333 2,426 2,424 2,463 2,680 2,605 2,554 3,590 3,489
Long-Term Debt		 71 70 70 47 102 147 147 122 222 125 97
Other Long-Term Liabilities		 24 21 24 27 29 34 36 35 32 37 44
Total Equity & Noncontrolling Interests		 562 571 577 609 615 629 648 612 628 820 819
Total Preferred & Common Equity		 562 571 577 609 615 629 648 612 628 820 819
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 562 571 577 609 615 629 648 612 628 820 819
Common Stock		 332 333 333 332 333 333 332 333 333 501 501
Retained Earnings		 294 305 316 360 372 385 412 389 403 431 450
Treasury Stock		 -50 -52 -52 -73 -81 -83 -87 -102 -102 -103 -123
Accumulated Other Comprehensive Income / (Loss)		 -13 -15 -20 -9.41 -9.37 -6.48 -8.60 -7.76 -6.16 -9.45 -8.92

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 2025
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 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - 9,835,013.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 9,835,013.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 7.27
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 0.00% 15.65% 34.28% 10.32% 28.47% 7.45% 8.96% 54.78% -17.81% 10.41%
EBITDA Growth		 0.00% 9.78% 6.66% 29.11% 52.58% 11.75% 0.46% 63.99% -19.08% 9.26%
EBIT Growth		 0.00% 6.72% 32.79% 6.98% 45.46% 20.23% -0.56% 65.67% -19.52% 10.89%
NOPAT Growth		 0.00% 2.68% 66.24% 4.86% 42.53% 19.44% -0.51% 64.80% -12.01% 9.05%
Net Income Growth		 0.00% 2.68% 66.24% 4.86% 42.53% 19.44% -0.51% 64.80% -12.01% 9.05%
EPS Growth		 0.00% 1.67% 56.15% 1.57% 31.01% 16.77% -5.74% 30.47% -10.71% 11.23%
Operating Cash Flow Growth		 0.00% 27.11% 25.81% -1.75% 94.11% -8.37% -0.68% 32.34% 24.37% -5.11%
Free Cash Flow Firm Growth		 0.00% 0.00% 117.50% -368.38% 110.28% 174.52% -597.97% 34.45% 123.03% 334.97%
Invested Capital Growth		 0.00% 0.00% -5.23% 58.52% 8.05% 4.59% 47.89% 29.02% 5.96% -2.70%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 5.05% 4.54% -2.08% 4.77% 27.23% -18.31% 2.87%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 30.50% 4.35% -5.48% 6.16% 52.46% -22.23% 0.72%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 7.06% 13.44% -1.44% 3.56% 42.06% -23.35% 1.29%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 5.53% 11.98% -0.80% 3.86% 42.04% -20.93% 1.20%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 5.53% 11.98% -0.80% 3.86% 42.04% -20.93% 1.20%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 3.48% 10.46% -0.84% -0.71% 36.84% -20.15% 1.69%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 2.35% 2.82% 22.70% -13.01% 12.33% 0.55% 18.97% -2.79%
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% 3,017.55%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 12.59% 11.06% 8.33% 18.11% 11.73% 1.39% -9.91%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 50.68% 48.11% 38.21% 44.72% 53.11% 55.24% 50.93% 53.96% 53.12% 52.57%
EBIT Margin		 47.09% 43.45% 42.97% 41.66% 47.18% 52.79% 48.17% 51.56% 50.49% 50.71%
Profit (Net Income) Margin		 31.04% 27.56% 34.12% 32.44% 35.99% 40.00% 36.53% 38.89% 41.63% 41.12%
Tax Burden Percent		 65.93% 63.44% 79.42% 77.85% 76.28% 75.78% 75.82% 75.42% 82.46% 81.09%
Interest Burden Percent		 100.00% 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% 18.91%
Return on Invested Capital (ROIC)		 0.00% 13.36% 11.40% 9.50% 10.62% 11.94% 9.37% 11.30% 8.57% 9.21%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 13.36% 11.40% 9.50% 10.62% 11.94% 9.37% 11.30% 8.57% 9.21%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 5.58% 3.75% 3.69% 3.87% 2.78% 2.29% 2.59% 1.84% 1.93%
Return on Equity (ROE)		 0.00% 18.94% 15.15% 13.20% 14.49% 14.72% 11.66% 13.89% 10.41% 11.14%
Cash Return on Invested Capital (CROIC)		 0.00% -186.64% 16.77% -35.77% 2.88% 7.45% -29.27% -14.04% 2.79% 11.95%
Operating Return on Assets (OROA)		 0.00% 1.38% 1.81% 1.71% 2.02% 2.12% 1.81% 2.51% 1.82% 1.96%
Return on Assets (ROA)		 0.00% 0.87% 1.44% 1.33% 1.54% 1.61% 1.37% 1.89% 1.50% 1.59%
Return on Common Equity (ROCE)		 0.00% 18.94% 15.15% 13.20% 14.49% 14.72% 11.66% 13.89% 10.41% 11.14%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 9.47% 14.60% 11.60% 12.90% 14.08% 9.98% 12.02% 10.25% 11.10%
Net Operating Profit after Tax (NOPAT)		 15 15 25 27 38 45 45 75 66 71
NOPAT Margin		 31.04% 27.56% 34.12% 32.44% 35.99% 40.00% 36.53% 38.89% 41.63% 41.12%
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%
SG&A Expenses to Revenue		 38.64% 41.06% 38.66% 38.32% 35.69% 33.70% 36.53% 28.37% 36.11% 34.94%
Operating Expenses to Revenue		 52.25% 54.65% 53.10% 51.96% 46.09% 44.48% 50.05% 45.99% 50.02% 48.57%
Earnings before Interest and Taxes (EBIT)		 23 24 32 34 50 60 60 99 80 88
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 24 27 29 37 56 63 63 103 84 91
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 2.12
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 3.02
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 7.61 4.51 6.29 7.85
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 20.85 11.59 15.11 19.09
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.05% 1.35% 1.56% 4.35%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.80% 8.63% 6.62% 5.24%
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 1.62
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 7.64 3.86 5.57 7.15
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 15.00 7.15 10.48 13.60
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 15.86 7.48 11.02 14.10
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 20.92 9.92 13.37 17.39
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 19.90
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 13.41
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.00 0.42 0.25 0.50 0.26 0.21 0.27 0.20 0.23 0.19
Long-Term Debt to Equity		 0.00 0.12 0.07 0.30 0.14 0.08 0.06 0.08 0.23 0.19
Financial Leverage		 0.00 0.42 0.33 0.39 0.36 0.23 0.24 0.23 0.21 0.21
Leverage Ratio		 0.00 10.84 10.55 9.90 9.39 9.16 8.51 7.35 6.92 7.01
Compound Leverage Factor		 0.00 10.84 10.55 9.90 9.39 9.16 8.51 7.35 6.92 7.01
Debt to Total Capital		 0.00% 29.47% 19.78% 33.17% 20.78% 17.12% 21.30% 16.56% 18.72% 15.93%
Short-Term Debt to Total Capital		 0.00% 20.75% 14.49% 13.31% 9.77% 10.56% 16.88% 10.20% 0.00% 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% 15.93%
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%
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%
Common Equity to Total Capital		 0.00% 70.53% 80.22% 66.83% 79.22% 82.88% 78.70% 83.44% 81.28% 84.07%
Debt to EBITDA		 0.00 2.53 1.51 3.11 1.38 1.06 1.95 1.19 1.76 1.33
Net Debt to EBITDA		 0.00 -1.29 -2.27 0.76 -1.65 -3.67 0.05 -1.20 -1.36 -1.33
Long-Term Debt to EBITDA		 0.00 0.75 0.40 1.86 0.73 0.41 0.40 0.46 1.76 1.33
Debt to NOPAT		 0.00 4.41 1.69 4.28 2.03 1.47 2.71 1.65 2.25 1.71
Net Debt to NOPAT		 0.00 -2.25 -2.54 1.04 -2.44 -5.07 0.07 -1.67 -1.74 -1.70
Long-Term Debt to NOPAT		 0.00 1.31 0.45 2.56 1.08 0.56 0.56 0.63 2.25 1.71
Noncontrolling Interest Sharing Ratio		 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)		 0.00 -214 37 -100 10 28 -141 -93 21 93
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% 546.03%
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 1.32
Operating Cash Flow to Interest Expense		 2.43 2.37 1.55 1.16 3.17 4.85 3.21 1.08 0.96 0.89
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 0.73
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.00 0.03 0.04 0.04 0.04 0.04 0.04 0.05 0.04 0.04
Fixed Asset Turnover		 0.00 2.99 3.46 2.75 2.69 2.45 2.34 3.03 2.23 2.31
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 0.00 229 217 344 372 389 576 743 787 766
Invested Capital Turnover		 0.00 0.48 0.33 0.29 0.30 0.30 0.26 0.29 0.21 0.22
Increase / (Decrease) in Invested Capital		 0.00 229 -12 127 28 17 186 167 44 -21
Enterprise Value (EV)		 0.00 0.00 0.00 0.00 0.00 0.00 946 739 876 1,243
Market Capitalization		 0.00 0.00 0.00 0.00 0.00 0.00 943 864 990 1,365
Book Value per Share		 $0.00 $0.00 $26.23 $32.49 $38.14 $42.29 $50.18 $59.79 $63.89 $65.46
Tangible Book Value per Share		 $0.00 $0.00 $23.18 $25.00 $30.26 $34.51 $36.11 $40.30 $44.28 $46.01
Total Capital		 0.00 229 217 344 372 389 576 743 787 766
Total Debt		 0.00 68 43 114 77 67 123 123 147 122
Total Long-Term Debt		 0.00 20 12 68 41 26 25 47 147 122
Net Debt		 0.00 -34 -65 28 -93 -230 3.27 -124 -114 -121
Capital Expenditures (CapEx)		 1.27 2.83 7.48 7.27 8.09 8.17 6.87 13 4.85 11
Net Nonoperating Expense (NNE)		 0.00 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 67 123 123 147 122
Total Depreciation and Amortization (D&A)		 1.73 2.59 -3.55 2.51 6.28 2.78 3.41 4.59 4.15 3.24
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 $7.23
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 6.58M 7.09M 7.73M 7.58M 10.48M 10.14M 9.99M 11.20M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $3.81 $3.87 $5.07 $5.92 $5.58 $7.28 $6.50 $7.23
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 6.58M 7.09M 7.73M 7.58M 10.48M 10.14M 9.99M 11.20M
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
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 11.20M
Normalized Net Operating Profit after Tax (NOPAT)		 15 15 26 27 38 45 45 76 65 71
Normalized NOPAT Margin		 31.09% 27.51% 34.39% 32.37% 35.99% 39.99% 36.44% 39.73% 41.27% 41.04%
Pre Tax Income Margin		 47.09% 43.45% 42.97% 41.66% 47.18% 52.79% 48.17% 51.56% 50.49% 50.71%
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 1.26
NOPAT to Interest Expense		 2.51 1.98 1.71 1.37 2.74 5.47 3.63 1.52 0.96 1.02
EBIT Less CapEx to Interest Expense		 3.60 2.76 1.66 1.39 3.01 6.24 4.24 1.74 1.09 1.10
NOPAT Less CapEx to Interest Expense		 2.30 1.62 1.21 1.00 2.16 4.49 3.08 1.25 0.89 0.86
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 24.58% 26.42% 17.80% 20.47% 16.16% 19.22% 17.30% 16.05% 23.74% 73.43%
Augmented Payout Ratio		 41.93% 50.13% 58.84% 36.22% 27.64% 37.42% 48.96% 29.53% 72.43% 104.26%

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - 9,835,013.00 11,201,677.00 11,163,169.00
DEI Adjusted Shares Outstanding		 - - - - - - - - 9,835,013.00 11,201,677.00 11,163,169.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - 1.87 1.78 2.21
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 119.29% -0.88% 0.15% 3.72% -46.83% 14.25% 7.04% 8.41% 12.10% 47.82% 56.25%
EBITDA Growth		 195.08% 15.77% 9.53% 13.51% -57.23% 32.58% 8.77% -0.64% 2.82% 0.27% 28.91%
EBIT Growth		 174.47% 20.97% 5.02% 5.14% -52.65% 28.45% 4.24% 8.68% 5.16% 11.62% 48.23%
NOPAT Growth		 171.71% 44.31% 13.64% 11.81% -49.74% 18.36% 5.08% 8.69% 4.85% 9.58% 46.32%
Net Income Growth		 171.71% 44.31% 13.64% 11.81% -49.74% 18.36% 5.08% 8.69% 4.85% 9.58% 46.32%
EPS Growth		 137.06% 38.53% 16.06% 15.38% -48.38% 20.53% 7.55% 10.91% 6.86% -2.20% 29.24%
Operating Cash Flow Growth		 1.44% -67.70% 0.00% 7.44% 51.72% 363.96% -20.61% -17.73% -5.82% -288.96% 106.16%
Free Cash Flow Firm Growth		 23.85% 112.41% 88.09% 41.66% 79.80% -410.50% 98.68% 41.13% 248.48% -7.45% -33,085.41%
Invested Capital Growth		 29.02% -3.44% 7.81% 16.76% 5.96% 21.12% 2.42% 9.51% -2.70% 18.78% 24.74%
Revenue Q/Q Growth		 91.73% 0.00% 3.01% 4.87% -1.72% 7.61% -3.48% 6.21% 1.62% 41.90% 2.02%
EBITDA Q/Q Growth		 184.62% 0.00% 17.93% 0.73% 7.25% -2.67% -3.16% 9.09% 0.00% -9.40% 36.54%
EBIT Q/Q Growth		 133.98% 0.00% 15.13% 4.28% 5.38% 1.53% -6.57% 8.72% 1.97% 7.77% 24.07%
NOPAT Q/Q Growth		 135.73% 0.00% 4.20% 3.07% 5.97% 4.00% -7.49% 6.61% 2.22% 8.69% 23.53%
Net Income Q/Q Growth		 135.73% 0.00% 4.20% 3.07% 5.97% 4.00% -7.49% 6.61% 2.22% 8.69% 23.53%
EPS Q/Q Growth		 137.06% 0.00% 5.30% 3.77% 6.06% 4.00% -6.04% 7.02% 2.19% -4.81% 24.16%
Operating Cash Flow Q/Q Growth		 16.14% 0.00% 0.00% 25.76% 64.01% -79.98% 92.28% 30.32% 87.75% -140.16% 309.78%
Free Cash Flow Firm Q/Q Growth		 18.70% 0.00% -192.55% -164.22% 71.85% -351.08% 99.61% -11,704.44% 171.00% -426.43% -21.30%
Invested Capital Q/Q Growth		 11.73% 0.00% 9.18% 8.28% 1.39% 1.05% -7.68% 15.77% -9.91% 23.36% -3.05%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 71.38% 47.85% 54.78% 52.62% 57.42% 51.94% 52.11% 53.53% 52.67% 33.63% 45.01%
EBIT Margin		 61.04% 45.63% 50.99% 50.71% 54.37% 51.30% 49.65% 50.83% 51.00% 38.73% 47.11%
Profit (Net Income) Margin		 46.30% 40.83% 41.30% 40.59% 43.77% 42.30% 40.54% 40.70% 40.94% 31.35% 37.97%
Tax Burden Percent		 75.85% 89.49% 81.00% 80.05% 80.50% 82.46% 81.65% 80.06% 80.26% 80.95% 80.60%
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		 24.15% 10.51% 19.00% 19.95% 19.50% 17.54% 18.35% 19.94% 19.74% 19.05% 19.40%
Return on Invested Capital (ROIC)		 13.46% 0.00% 0.00% 10.86% 9.01% 9.49% 9.25% 8.46% 9.17% 7.01% 10.03%
ROIC Less NNEP Spread (ROIC-NNEP)		 13.46% 0.00% 0.00% 10.86% 9.01% 9.49% 9.25% 8.46% 9.17% 7.01% 10.03%
Return on Net Nonoperating Assets (RNNOA)		 3.08% 0.00% 0.00% 2.11% 1.93% 1.47% 1.69% 2.49% 1.92% 1.30% 1.53%
Return on Equity (ROE)		 16.54% 0.00% 0.00% 12.98% 10.95% 10.95% 10.94% 10.94% 11.09% 8.31% 11.56%
Cash Return on Invested Capital (CROIC)		 -14.04% 0.00% 0.00% -3.95% 2.79% -9.68% 7.15% -0.39% 11.95% -8.75% -12.19%
Operating Return on Assets (OROA)		 2.97% 0.00% 0.00% 2.33% 1.96% 1.94% 1.93% 1.97% 1.97% 1.42% 1.99%
Return on Assets (ROA)		 2.25% 0.00% 0.00% 1.87% 1.58% 1.60% 1.58% 1.58% 1.58% 1.15% 1.60%
Return on Common Equity (ROCE)		 16.54% 0.00% 0.00% 12.98% 10.95% 10.95% 10.94% 10.94% 11.09% 8.31% 11.56%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 13.19% 0.00% 10.55% 11.30% 11.25% 0.00% 8.93% 9.89%
Net Operating Profit after Tax (NOPAT)		 35 15 16 17 18 18 17 18 18 20 25
NOPAT Margin		 46.30% 40.83% 41.30% 40.59% 43.77% 42.30% 40.54% 40.70% 40.94% 31.35% 37.97%
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		 18.13% 39.64% 34.79% 35.02% 35.17% 34.98% 36.11% 33.14% 35.60% 43.67% 36.37%
Operating Expenses to Revenue		 38.29% 53.84% 49.01% 49.29% 48.13% 47.78% 49.87% 47.70% 49.00% 61.27% 52.89%
Earnings before Interest and Taxes (EBIT)		 46 17 20 21 22 22 21 22 23 25 31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 54 18 21 21 23 22 22 24 24 21 29
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.39 0.00 0.00 1.44 1.55 1.49 1.89 1.90 2.12 1.84 2.01
Price to Tangible Book Value (P/TBV)		 2.07 0.00 0.00 2.11 2.23 2.14 2.76 2.74 3.02 2.86 3.10
Price to Revenue (P/Rev)		 4.51 0.00 0.00 4.71 6.29 5.95 6.99 7.06 7.85 7.75 7.55
Price to Earnings (P/E)		 11.59 0.00 0.00 10.95 15.11 14.17 16.72 16.89 19.09 20.58 20.29
Dividend Yield		 1.35% 0.00% 0.00% 1.54% 1.56% 1.69% 4.46% 4.37% 4.35% 3.96% 1.31%
Earnings Yield		 8.63% 0.00% 0.00% 9.13% 6.62% 7.06% 5.98% 5.92% 5.24% 4.86% 4.93%
Enterprise Value to Invested Capital (EV/IC)		 1.00 0.00 0.00 1.10 1.11 1.03 1.58 1.52 1.62 1.31 1.61
Enterprise Value to Revenue (EV/Rev)		 3.86 0.00 0.00 4.41 5.57 5.01 7.00 7.63 7.15 6.34 6.77
Enterprise Value to EBITDA (EV/EBITDA)		 7.15 0.00 0.00 7.91 10.48 9.14 12.74 14.20 13.60 13.49 15.04
Enterprise Value to EBIT (EV/EBIT)		 7.48 0.00 0.00 8.20 11.02 9.66 13.59 14.81 14.10 13.60 14.64
Enterprise Value to NOPAT (EV/NOPAT)		 9.92 0.00 0.00 10.26 13.37 11.92 16.74 18.24 17.39 16.85 18.19
Enterprise Value to Operating Cash Flow (EV/OCF)		 13.96 0.00 0.00 15.38 13.31 11.53 17.14 20.05 19.90 27.63 25.76
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 41.10 0.00 22.34 0.00 13.41 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.20 0.08 0.17 0.23 0.23 0.23 0.20 0.35 0.19 0.15 0.12
Long-Term Debt to Equity		 0.08 0.08 0.17 0.23 0.23 0.23 0.20 0.35 0.19 0.15 0.12
Financial Leverage		 0.23 0.14 0.17 0.19 0.21 0.15 0.18 0.29 0.21 0.19 0.15
Leverage Ratio		 7.35 7.06 6.95 6.95 6.92 6.84 6.94 6.93 7.01 7.20 7.20
Compound Leverage Factor		 7.35 7.06 6.95 6.95 6.92 6.84 6.94 6.93 7.01 7.20 7.20
Debt to Total Capital		 16.56% 7.20% 14.27% 18.98% 18.72% 18.47% 16.60% 26.11% 15.93% 13.22% 10.55%
Short-Term Debt to Total Capital		 10.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 6.36% 7.20% 14.27% 18.98% 18.72% 18.47% 16.60% 26.11% 15.93% 13.22% 10.55%
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		 83.44% 92.80% 85.73% 81.02% 81.28% 81.53% 83.40% 73.89% 84.07% 86.78% 89.45%
Debt to EBITDA		 1.19 0.00 0.00 1.37 1.76 1.65 1.34 2.45 1.33 1.36 0.99
Net Debt to EBITDA		 -1.20 0.00 0.00 -0.53 -1.36 -1.73 0.02 1.06 -1.33 -2.99 -1.73
Long-Term Debt to EBITDA		 0.46 0.00 0.00 1.37 1.76 1.65 1.34 2.45 1.33 1.36 0.99
Debt to NOPAT		 1.65 0.00 0.00 1.78 2.25 2.15 1.76 3.14 1.71 1.70 1.19
Net Debt to NOPAT		 -1.67 0.00 0.00 -0.69 -1.74 -2.25 0.02 1.36 -1.70 -3.74 -2.10
Long-Term Debt to NOPAT		 0.63 0.00 0.00 1.78 2.25 2.15 1.76 3.14 1.71 1.70 1.19
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)		 -132 39 -36 -95 -27 -120 -0.47 -56 40 -129 -157
Operating Cash Flow to CapEx		 934.71% 170.82% 0.00% 1,017.94% 907.30% 286.39% 327.51% 519.01% 1,077.20% -222.35% 663.28%
Free Cash Flow to Firm to Interest Expense		 -8.39 2.44 -2.20 -5.23 -1.47 -6.51 -0.03 -3.25 2.41 -6.35 -7.59
Operating Cash Flow to Interest Expense		 1.29 0.08 0.00 1.03 1.69 0.33 0.66 0.90 1.76 -0.57 1.18
Operating Cash Flow Less CapEx to Interest Expense		 1.15 0.03 0.00 0.93 1.51 0.22 0.46 0.73 1.60 -0.83 1.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.00 0.00 0.05 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 3.03 0.00 0.00 2.74 2.23 2.29 2.30 2.29 2.31 2.35 2.54
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 743 657 717 776 787 795 734 850 766 945 916
Invested Capital Turnover		 0.29 0.00 0.00 0.27 0.21 0.22 0.23 0.21 0.22 0.22 0.26
Increase / (Decrease) in Invested Capital		 167 -23 52 111 44 139 17 74 -21 149 182
Enterprise Value (EV)		 739 0.00 0.00 851 876 815 1,159 1,289 1,243 1,234 1,475
Market Capitalization		 864 0.00 0.00 908 990 969 1,157 1,193 1,365 1,508 1,645
Book Value per Share		 $59.79 $60.08 $60.96 $62.80 $63.89 $64.88 $61.74 $63.87 $65.46 $73.19 $73.39
Tangible Book Value per Share		 $40.30 $40.30 $41.21 $43.06 $44.28 $45.36 $42.21 $44.30 $46.01 $47.13 $47.56
Total Capital		 743 657 717 776 787 795 734 850 766 945 916
Total Debt		 123 47 102 147 147 147 122 222 122 125 97
Total Long-Term Debt		 47 47 102 147 147 147 122 222 122 125 97
Net Debt		 -124 -36 3.37 -57 -114 -154 1.59 96 -121 -274 -170
Capital Expenditures (CapEx)		 2.17 0.78 0.00 1.85 3.40 2.15 3.62 2.98 2.69 5.24 3.69
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)		 123 47 102 147 147 147 122 222 122 125 97
Total Depreciation and Amortization (D&A)		 7.79 0.84 1.48 0.78 1.22 0.28 1.02 1.19 0.75 -3.26 -1.36
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.39 $1.51 $1.59 $1.65 $1.75 $1.82 $1.71 $1.83 $1.87 $1.78 $2.21
Adjusted Weighted Average Basic Shares Outstanding		 10.14M 10.08M 10.01M 10.01M 9.99M 9.92M 9.83M 9.84M 11.20M 11.16M 11.09M
Adjusted Diluted Earnings per Share		 $3.39 $1.51 $1.59 $1.65 $1.75 $1.82 $1.71 $1.83 $1.87 $1.78 $2.21
Adjusted Weighted Average Diluted Shares Outstanding		 10.14M 10.08M 10.01M 10.01M 9.99M 9.92M 9.83M 9.84M 11.20M 11.16M 11.09M
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		 10.14M 10.08M 10.01M 10.01M 9.99M 9.92M 9.83M 9.84M 11.20M 11.16M 11.09M
Normalized Net Operating Profit after Tax (NOPAT)		 36 15 16 17 17 18 17 18 18 20 25
Normalized NOPAT Margin		 47.90% 40.72% 40.34% 40.59% 43.40% 42.30% 40.23% 40.70% 40.94% 31.11% 37.93%
Pre Tax Income Margin		 61.04% 45.63% 50.99% 50.71% 54.37% 51.30% 49.65% 50.83% 51.00% 38.73% 47.11%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.92 1.08 1.21 1.14 1.20 1.20 1.16 1.31 1.39 1.21 1.48
NOPAT to Interest Expense		 2.22 0.97 0.98 0.91 0.96 0.99 0.94 1.05 1.12 0.98 1.19
EBIT Less CapEx to Interest Expense		 2.78 1.03 0.00 1.04 1.01 1.08 0.95 1.13 1.23 0.95 1.30
NOPAT Less CapEx to Interest Expense		 2.08 0.92 0.00 0.81 0.78 0.87 0.74 0.87 0.95 0.72 1.02
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 16.05% 0.00% 0.00% 17.12% 23.74% 24.14% 75.35% 74.37% 73.43% 73.21% 25.37%
Augmented Payout Ratio		 29.53% 0.00% 0.00% 56.76% 72.43% 47.58% 109.66% 105.57% 104.26% 98.79% 54.29%

Financials Breakdown Chart

Key Financial Trends

Bank First Corp. (NASDAQ:BFC) has expanded substantially since 2022, with total assets rising from $2.96 billion in Q2 2022 to $5.95 billion in Q2 2026. The balance-sheet growth has been accompanied by stronger earnings, although recent cash-flow and deposit trends warrant monitoring.

Quarterly profitability has improved steadily. Q2 2026 net interest income reached $55.0 million, up from $36.7 million in Q2 2025 and $23.5 million in Q2 2022. Net income increased 46% year over year to $24.7 million, while diluted EPS rose to $2.21 from $1.59. Compared with Q1 2026, net income increased approximately 24% and EPS rose from $1.78.

Loan growth remains an important earnings driver. Net loans reached $4.47 billion in Q2 2026, up 26% from $3.54 billion a year earlier. The allowance for loan losses declined to $56.0 million from $57.1 million in Q1, leaving the allowance at roughly 1.2% of gross loans, broadly consistent with the prior year. However, the absence of a credit-loss provision in both Q1 and Q2 2026 should be watched as the loan portfolio grows.

  • Strong earnings momentum: Q2 2026 net income rose to $24.7 million, compared with $16.9 million in Q2 2025 and $11.7 million in Q2 2022.
  • Expanding net interest income: Net interest income increased approximately 50% year over year to $55.0 million, supported by higher loan balances and improved interest income.
  • Improving shareholder earnings: Diluted EPS climbed from $1.59 in Q2 2025 to $2.21 in Q2 2026, even as the weighted-average share count declined modestly.
  • Loan portfolio growth: Net loans increased approximately 26% year over year to $4.47 billion, providing a larger base for future interest income.
  • Stronger operating cash generation: Operating cash flow improved to $24.4 million in Q2 2026 from $11.9 million in Q2 2025 and was positive after being negative in Q1 2026.
  • Growing capital base: Total common equity reached $819.3 million, up from $612.3 million in Q2 2025 and $314.2 million in Q2 2022, providing additional support for balance-sheet expansion.
  • Liquidity mix is changing: Cash and due from banks was relatively stable at $84.9 million, but interest-bearing deposits at other banks increased sharply year over year to $181.6 million and trading securities rose to $608.6 million.
  • Balance-sheet expansion is substantial: Total assets increased approximately 36% year over year and more than doubled from Q2 2022, but investors should assess whether this growth produces sufficient returns without increasing risk.
  • Deposits declined during Q2: Total deposits fell approximately 2% from Q1 2026 to $4.99 billion, creating a potential funding concern if the decline continues while loans remain near record levels.
  • Financing cash flow was heavily negative: Q2 2026 financing activities used $145.7 million, reflecting lower deposits, $20.0 million of debt repayment, $20.4 million of share repurchases and $6.1 million of dividends.

Overall, the statements show a larger and more profitable bank with substantial loan, asset and equity growth. The most favorable trend is the sustained improvement in net interest income and EPS. The key risks are the recent deposit outflow, reliance on balance-sheet expansion and the need to confirm that credit quality remains stable as loan growth continues. Several earlier figures were restated, and the available data represents quarterly snapshots rather than complete annual statements, so investors should review future filings for consistency.

09/16/26 02:35 PM ETAI Generated. May Contain Errors.

Bank First National Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Bank First National's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Bank First National's net income appears to be on an upward trend, with a most recent value of $71.50 million in 2025, rising from $14.91 million in 2016. The previous period was $65.56 million in 2024. View Bank First National's forecast to see where analysts expect Bank First National to go next.

Over the last 9 years, Bank First National's total revenue changed from $48.04 million in 2016 to $173.88 million in 2025, a change of 262.0%.

Bank First National's total liabilities were at $3.86 billion at the end of 2025, a 0.2% increase from 2024, and a 142.7% increase since 2017.

In the past 8 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 $55.35 million as of their latest financial filing in 2025.

Over the last 9 years, Bank First National's book value per share changed from 0.00 in 2016 to 65.46 in 2025, a change of 6,546.4%.


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Financial statements for NASDAQ:BFC last updated on 8/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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