Bank First Corp (BFC) Financial Statements
Industry: National Commercial Banks
In fiscal 2025, Bank First reported revenue of $173.9M, up 10.4% from $157.5M the year before. Net income was $71.5M (a 41.1% net margin), or $7.23 per diluted share. Net interest income was $151.7M, and the efficiency ratio (noninterest expense / revenue) was 48.6%. Operating activities generated $62.5M of cash, leaving $51.0M of free cash flow. At fiscal year end, Bank First held $4.51B in total assets against $3.86B in total liabilities, including $243.2M of cash and equivalents.
Open the full interactive Bank First financials → Quarterly statements, key ratios, valuation history and price charts.
Bank First Key Stats
| Share Price | $146.41 |
|---|---|
| Market Cap | $1.63B |
| P/E Ratio | 20.3 |
| Revenue YoY Growth | +10.4% |
| 52-Week Range | $117.30 – $157.79 |
| Shares Outstanding | 11.1 million (basic, 2026 Q2) |
Bank First Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $86.8M | $90.1M | $104.1M | $133.5M | $137.8M | $151.7M |
| Provision for Credit Losses | $7.1M | $3.1M | $2.2M | $4.7M | -$800,000 | $1.2M |
| Noninterest Income | $23.5M | $23.5M | $19.8M | $58.1M | $19.7M | $22.2M |
| Noninterest Expense | $53.4M | $50.5M | $62.1M | $88.1M | $78.8M | $84.5M |
| Revenue | $110.4M | $113.6M | $123.9M | $191.6M | $157.5M | $173.9M |
| Pre-Tax Income | $49.9M | $60.0M | $59.6M | $98.8M | $79.5M | $88.2M |
| Income Tax | $11.8M | $14.5M | $14.4M | $24.3M | $13.9M | $16.7M |
| Net Income | $38.0M | $45.4M | $45.2M | $74.5M | $65.6M | $71.5M |
| Diluted EPS | $5.07 | $5.92 | $5.58 | $7.28 | $6.50 | $7.23 |
Bank First Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $44.2M | $44.9M | $63.7M | $65.0M |
| Net Income | $18.0M | $18.4M | $20.0M | $24.7M |
| Diluted EPS | $1.83 | $1.86 | $1.78 | $2.21 |
Bank First Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $170.2M | $296.9M | $119.4M | $247.5M | $261.3M | $243.2M |
| Loans (Net) | $2.17B | $2.22B | $2.87B | $3.30B | $3.47B | $3.56B |
| Total Assets | $2.72B | $2.94B | $3.66B | $4.22B | $4.50B | $4.51B |
| Deposits | $2.32B | $2.53B | $3.06B | $3.43B | $3.66B | $3.70B |
| Total Long-Term Debt | $23.3M | $8.0M | $25.4M | $47.3M | $147.4M | $122.0M |
| Total Liabilities | $2.42B | $2.61B | $3.21B | $3.60B | $3.86B | $3.86B |
| Shareholders' Equity | $294.9M | $322.7M | $453.1M | $619.8M | $639.7M | $643.8M |
Bank First Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $44.0M | $40.3M | $40.0M | $52.9M | $65.8M | $62.5M |
| Cash From Investing | -$206.0M | -$93.9M | -$177.8M | $269.0M | -$252.9M | -$16.0M |
| Cash From Financing | $245.8M | $180.2M | -$39.7M | -$193.8M | $201.0M | -$64.6M |
| Free Cash Flow | $35.6M | $31.6M | $33.1M | $39.5M | $58.6M | $51.0M |
Figures from Bank First's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Bank First financials page for every line item.
Bank First Company Profile
| Ticker | BFC |
|---|---|
| Exchange | Nasdaq |
| Industry | National Commercial Banks |
| Headquarters | Manitowoc, Wisconsin |
| Incorporated in | Wisconsin |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001746109 |
Frequently Asked Questions
What was Bank First's revenue in fiscal 2025?
Bank First (BFC) reported revenue of $173.9M for fiscal 2025.
What is Bank First's annual revenue history?
Bank First's annual revenue by fiscal year: 2020: $110.4M; 2021: $113.6M; 2022: $123.9M; 2023: $191.6M; 2024: $157.5M; 2025: $173.9M.
What was Bank First's net income in fiscal 2025?
Bank First reported net income of $71.5M for fiscal 2025.
What was Bank First's earnings per share (EPS) in fiscal 2025?
Bank First's diluted EPS was $7.23 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Bank First generate in fiscal 2025?
Bank First generated $51.0M of free cash flow in fiscal 2025.
What was Bank First's revenue last quarter?
In its most recent reported quarter (2026 Q2), Bank First reported revenue of $65.0M.
How much debt does Bank First have?
Bank First reported $122.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Bank First are outstanding?
Bank First reported a weighted average of 11.1 million basic shares outstanding in 2026 Q2.
What is Bank First's market cap?
Based on its latest closing price, Bank First (BFC) has a market capitalization of about $1.63B.
When does Bank First's fiscal year end?
Bank First's fiscal year end, as registered with the SEC, is December 31.
Where is Bank First headquartered?
Bank First lists its business address in Manitowoc, Wisconsin in its SEC filings.