Bank First Corporation
Description
Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, consumers, associations, individuals, and governmental authorities in Wisconsin. It offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products. The company's loan products include real estate loans, including commercial real estate, residential mortgage, and home equity loans; commercial and industrial loans for working capital, accounts receivable, inventory financing, and other business purposes; construction and development loans; residential 1-4 family loans; and consumer loans for personal and household purposes, including secured and unsecured installment loans, and revolving lines of credit. It also provides credit cards; ATM processing; insurance; data processing and other information technology; investment and safekeeping; treasury management; and online, telephone, and mobile banking services. The company was formerly known as Bank First National Corporation and changed its name to Bank First Corporation in June 2019. Bank First Corporation was founded in 1894 and is headquartered in Manitowoc, Wisconsin.
About
CEO
Mr. Michael B. Molepske
Employees
364
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNCM
Address
402 North 8th Street, Manitowoc, WI 54220, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 20, 2026 | — | — | — | — |
| Oct 13, 2025 | — | — | — | — |
| Jul 14, 2025 | — | — | — | — |
| Apr 14, 2025 | — | — | — | — |
| Jan 22, 2025 | 1.58 | 1.74 | 0.16 | 10.13% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 2 | 2 | 2 | 2 |
| Average estimate | 1.62 | 1.73 | 6.92 | 7.40 |
| Low estimate | 1.61 | 1.72 | 6.90 | 7.35 |
| High estimate | 1.62 | 1.74 | 6.93 | 7.45 |
| Last year EPS | 1.51 | 1.56 | 6.45 | 6.92 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
6.950%
Next qtr. (Jun 2025)
10.900%
Current year (Dec 2025)
7.210%
Next year (Dec 2026)
7.010%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 137.47M | 118.32M | 108.48M | 103.15M | 77.65M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 40.68M | 33.43M | 28.74M | 33.89M | 28.27M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 98.79M | 59.63M | 59.97M | 49.88M | 34.29M |
| Tax provision | 24.28M | 14.42M | 14.52M | 11.83M | 7.60M |
| Net income | 74.51M | 45.21M | 45.44M | 38.05M | 26.69M |
| Basic EPS | 7.28 | 5.58 | 5.92 | 5.07 | 3.91 |
| Diluted EPS | 7.28 | 5.58 | 5.92 | 5.07 | 3.87 |
| Basic average shares | 10.17M | 8.04M | 7.62M | 7.44M | 6.77M |
| Diluted average shares | 10.17M | 8.04M | 7.62M | 7.44M | 6.77M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 74.51M | 45.21M | 45.44M | 38.05M | 26.69M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | 425,000 | 330,000 | 351,000 | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 69.97M | 51.52M | 29.17M | 36.26M | 33.82M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 247.47M | 119.35M | 296.86M | 170.22M | 53.06M |
| Other short term investments | 159.97M | 305.03M | 212.69M | 165.04M | 185.64M |
| Accounts receivable | — | — | — | — | — |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 1.58M | 1.58M | 1.58M | 1.59M | 1.70M |
| Land and improvements | 13.59M | 9.54M | 9.76M | 4.90M | 4.58M |
| Machinery furniture equipment | 7.17M | 6.50M | 5.96M | 5.83M | 5.36M |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -13.25M | -11.38M | -10.31M | -8.90M | -8.11M |
| Goodwill | 390.88M | 246.82M | 119.77M | 120.11M | 96.58M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 40.66M | 26.41M | 9.05M | 9.17M | 9.67M |
| Investments and advances | 299.81M | 410.41M | 270.54M | 222.88M | 270.46M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | — | — | — | — |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 51.39M | 25.43M | 25.51M | 40.97M | 68.41M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 115,000 | 101,000 | 85,000 | 85,000 | 79,000 |
| Retained earnings | 348.00M | 295.50M | 258.10M | 221.39M | 189.49M |
| Other shareholders equity | -8.75M | -15.57M | 3.61M | 5.76M | 2.49M |
| Total shareholders equity | 619.80M | 453.10M | 322.65M | 294.86M | 230.21M |
| Additional paid in capital | 333.82M | 218.26M | 93.15M | 92.85M | 63.09M |
| Treasury stock | 53.39M | 45.19M | 32.29M | 25.23M | 24.94M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||
| Net Income | 74.51M | 45.21M | 45.44M | 38.05M | 26.69M | 25.46M | 15.31M | 14.91M | 13.40M | 12.62M | 11.56M | 10.42M | 8.55M | 7.45M | 6.67M | 6.24M | 7.40M | — | 6.82M | 7.90M | 7.63M | 7.09M | 5.41M | 5.30M | 4.93M | 4.60M |
| Depreciation | 8.40M | 3.97M | 3.19M | 3.17M | 2.34M | 1.87M | 1.26M | 918,000 | 912,000 | 966,000 | 999,000 | 1.01M | 1.01M | 949,000 | 1.37M | 987,000 | 842,000 | — | 1.51M | 1.75M | 2.03M | 1.67M | 1.51M | 1.25M | 726,000 | 707,526 |
| Deferred Taxes | -1.72M | -869,000 | -1,000 | -116,000 | 856,000 | 1.15M | 624,000 | -66,000 | 218,000 | -806,000 | -365,000 | 135,000 | -941,000 | 201,000 | -183,000 | — | — | — | — | — | — | — | — | — | 51,000 | -240,000 |
| Stock-Based Compensation | 2.14M | 1.66M | 1.39M | 1.08M | 685,000 | 556,000 | 465,000 | 419,000 | 341,000 | 232,000 | 170,000 | 118,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -8.45M | -4.96M | 3.26M | 1.16M | -6.93M | -6.27M | -1.53M | 805,000 | -142,000 | 531,000 | 1.34M | 2.99M | 2.55M | -1.53M | 842,000 | -19.95M | -24.87M | — | 1.24M | -437,000 | 2.10M | 2.53M | 947,000 | 1.72M | -190,000 | 1.08M |
| Accounts Receivable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 13.91M | 470,000 | -3.15M | 4.56M | 548,000 | 1.53M | 4.73M | 822,000 | -540,000 | 3.36M | -273,000 | 671,000 | 1.11M | -1.40M | 1.34M | 1.26M | 2.29M | — | — | — | — | — | — | — | — | — |
| Operating Cash Flow | 88.80M | 45.49M | 50.13M | 47.90M | 24.20M | 24.29M | 20.86M | 17.81M | 14.18M | 16.90M | 13.43M | 15.35M | 12.28M | 5.67M | 10.04M | -11.46M | -14.33M | — | 9.57M | 9.21M | 11.76M | 11.29M | 7.86M | 8.27M | 5.52M | 6.15M |
| Investing Activities | ||||||||||||||||||||||||||
| Capital Expenditures | -13.48M | -6.87M | -8.17M | -8.09M | -7.27M | -7.48M | -2.83M | -1.27M | -2.77M | -2.94M | -179,000 | -1.59M | -1.54M | -1.43M | -212,000 | -1.90M | -956,000 | — | -829,000 | -893,000 | -701,000 | -305,000 | -398,000 | -1.41M | -2.08M | -670,552 |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | 89.96M | 154.36M | — | 35.30M | -9.77M | — | -19.88M | — | — | — | — | — | 2.86M | — | -2.60M | -6.02M | -10.21M | — | -2.04M | -85,000 | — | — | -67,000 | — | -4.26M | — |
| Purchase of Investments | -26.65M | -142.41M | -93.77M | -28.76M | -117.55M | -22.91M | -49.59M | -44.67M | -41.66M | -39.82M | -29.61M | -15.96M | -38.31M | -35.42M | -124.30M | -101.58M | -80.34M | — | -22.67M | -89.57M | -65.11M | -39.12M | -51.49M | -59.18M | -67.97M | -46.14M |
| Sale of Investments | 254.70M | 14.69M | 43.12M | 133.22M | 59.85M | 22.70M | 62.38M | 30.73M | 19.86M | 38.77M | 32.94M | 28.26M | 51.11M | 85.89M | 123.05M | 191.23M | 78.86M | — | 23.09M | 69.39M | 61.17M | 32.42M | 33.98M | 15.04M | 45.49M | 30.77M |
| Investing Cash Flow | 302.74M | 15.83M | -56.66M | 133.74M | -73.09M | -3.81M | -9.60M | -15.24M | -25.08M | -2.19M | 5.64M | 11.84M | 17.15M | 49.59M | -2.41M | -122.56M | -13.73M | — | -23.41M | -36.42M | -39.28M | -24.63M | -17.91M | -45.55M | -28.82M | -16.04M |
| Financing Activities | ||||||||||||||||||||||||||
| Long-Term Debt Issuance | 121.70M | 3.13B | 5.00M | 94.00M | 44.00M | 1.21B | 491.50M | 325.40M | 221.50M | 233.10M | 120.90M | 51.00M | — | 14.08M | 50.19M | 44.50M | 33.59M | — | 10.22M | 27.00M | — | 21.75M | — | 31.32M | 26.94M | 16.03M |
| Long-Term Debt Payments | -112.86M | -3.13B | -20.38M | -134.40M | -4.00M | -1.22B | -476.50M | -326.70M | -221.90M | -239.82M | -125.03M | -52.59M | -4.41M | -25.13M | -11.78M | -15.56M | -21.07M | — | -5.07M | -16.63M | -6.23M | -30.79M | -18.54M | -36.00M | -19.50M | — |
| Other Financing Charges | — | — | — | — | — | — | — | — | — | — | — | — | — | 229,000 | 750,000 | -6,000 | — | — | — | — | — | — | 40.00M | 21.00M | 28.69M | -2.77M |
| Financing Cash Flow | -12.97M | -22.91M | -32.27M | -50.90M | 40.33M | -27.13M | 13.22M | -7.11M | -4.06M | -14.27M | -9.19M | -9.58M | -10.07M | -11.30M | 45.10M | 41.89M | 29.93M | — | 14.59M | 15.04M | -3.21M | 7.47M | 23.57M | 22.94M | 33.21M | 13.15M |
| Other Cash Details | ||||||||||||||||||||||||||
| End Cash Position | 247.47M | 119.35M | 296.86M | 170.22M | 86.45M | 107.74M | 101.98M | 80.16M | 85.64M | 61.85M | 71.76M | 111.62M | 40.94M | 32.39M | 42.96M | 37.37M | 46.67M | — | 56.41M | 39.87M | 35.77M | 56.09M | 39.90M | 26.37M | 40.72M | 30.84M |
| Income Tax Paid | 23.81M | 14.14M | 16.76M | 10.18M | 6.68M | 5.78M | 7.98M | 8.20M | 8.15M | 5.99M | 4.82M | 4.07M | 2.92M | 3.87M | 1.61M | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 44.15M | 11.31M | 7.06M | 14.97M | 18.94M | 14.44M | 6.75M | 5.79M | 5.08M | 4.62M | 4.99M | 6.04M | 7.87M | 10.33M | 13.77M | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 39.46M | 33.14M | 31.57M | 35.59M | 15.38M | 15.13M | 15.50M | 13.09M | 9.54M | 13.49M | 12.77M | 13.68M | 11.86M | 9.81M | 12.30M | 11.25M | 10.45M | — | 8.35M | 7.10M | 9.28M | 11.04M | 7.46M | 6.86M | 3.41M | 5.47M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 292,349 | 30.22M | 2.92% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 281,946 | 29.14M | 2.82% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 121,023 | 12.51M | 1.21% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 99,767 | 10.31M | 1.00% |
| iShares Russell 2000 Value ETF | Nov 30, 2024 | 98,158 | 10.15M | 0.98% |
| Fidelity Extended Market Index Fund | Nov 30, 2024 | 49,932 | 5.16M | 0.50% |
| Vanguard Russell 2000 Index Fund | Nov 30, 2024 | 46,201 | 4.78M | 0.46% |
| Schwab Strategic Tr-Schwab U.S. Small Cap ETF | Nov 30, 2024 | 43,712 | 4.52M | 0.44% |
| Avantis U.S. Small Cap Value ETF | Nov 30, 2024 | 27,730 | 2.87M | 0.28% |
| Schwab Capital Trust-Small Cap Index Fund | Oct 31, 2024 | 23,549 | 2.43M | 0.24% |
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