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Financials · BFC

Bank First Corporation (BFC) financials

For the twelve months ended Sep 30, 2026, Bank First Corporation reported $239.04M of revenue and $86.88M of net income.

Revenue, TTM
$239.04M
Revenue growth, YoY
+41.4%
Net income, TTM
$86.88M
Net income growth, YoY
+23.0%
Net margin
36.3%
Free cash flow, TTM
$56.15M
EPS, diluted, TTM
$8.01
EPS growth, YoY
+12.7%
Cash
$212.22M
P/E
18.87
P/S
6.86
Market cap
$1.64B
Annual revenue$173.88M
FY2016FY2025
Annual net income$71.50M
FY2016FY2025
Annual free cash flow$51.04M
FY2016FY2025

BFC revenue and earnings growth

BFC revenueQ3 2026$65.33M

Quarter YoY
+47.8%
QoQ
+0.5%
FY YoY
+10.4%
5Y CAGR
+10.5%

BFC revenue was $65.33M in fiscal Q3 2026 (ended Sep 30, 2026), up 47.8% from a year earlier and up 0.5% from the prior quarter. For the full fiscal 2025 it was $173.88M, up 10.4% from fiscal 2024. Compound annual growth was +10.5% over 5 years. It rose in 8 of the last 9 fiscal years.

BFC net incomeQ3 2026$23.81M

Quarter YoY
+32.3%
QoQ
-3.6%
FY YoY
+9.0%
5Y CAGR
+13.4%

BFC net income was $23.81M in fiscal Q3 2026 (ended Sep 30, 2026), up 32.3% from a year earlier and down 3.6% from the prior quarter. For the full fiscal 2025 it was $71.50M, up 9.0% from fiscal 2024. Compound annual growth was +13.4% over 5 years. It rose in 7 of the last 9 fiscal years.

BFC EPSQ3 2026$2.15

Quarter YoY
+17.5%
QoQ
-2.7%
FY YoY
+11.2%
5Y CAGR
+7.4%

BFC diluted EPS was $2.15 in fiscal Q3 2026 (ended Sep 30, 2026), up 17.5% from a year earlier and down 2.7% from the prior quarter. For the full fiscal 2025 it was $7.23, up 11.2% from fiscal 2024. Compound annual growth was +7.4% over 5 years.

BFC free cash flowQ3 2026$26.05M

Quarter YoY
+108.8%
QoQ
+25.9%
FY YoY
-12.9%
5Y CAGR
+7.5%

BFC free cash flow was $26.05M in fiscal Q3 2026 (ended Sep 30, 2026), up 108.8% from a year earlier and up 25.9% from the prior quarter. For the full fiscal 2025 it was $51.04M, down 12.9% from fiscal 2024. Compound annual growth was +7.5% over 5 years. It rose in 6 of the last 9 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$173.88M$157.48M$191.59M$123.79M$113.60M$105.73M$82.30M$74.60M$55.56M$48.04M
Interest expense--$49.00M$12.45M$8.30M$13.87M$19.50M$14.85M$7.73M$5.93M
Pre-tax income$88.17M$79.51M$98.79M$59.63M$59.97M$49.88M$34.29M$32.05M$24.14M$22.62M
Income tax$16.67M$13.95M$24.28M$14.42M$14.52M$11.83M$7.59M$6.60M$8.83M$7.71M
Net income$71.50M$65.56M$74.51M$45.21M$45.44M$38.05M$26.69M$25.46M$15.31M$14.91M
EPS, basic$7.23$6.50$7.28$5.58$5.92$5.07$3.91$3.81$2.44$2.40
EPS, diluted$7.23$6.50$7.28$5.58$5.92$5.07$3.87$3.81$2.44$2.40
Diluted shares9.9M10.1M10.2M8.1M7.6M7.5M6.9M6.7M6.3M6.2M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$243.21M$261.33M$247.47M$119.35M$296.86M$170.22M$86.45M$107.74M$101.98M$80.16M
Goodwill$175.11M$175.11M$175.11M$110.21M$55.36M$55.47M$43.46M$15.02M$15.09M-
Total assets$4.51B$4.50B$4.22B$3.66B$2.94B$2.72B$2.21B$1.79B$1.75B-
Short-term debt------$1.40B---
Long-term debt------$38.40B---
Total debt----$7.96M$7.96M$39.80B$0$8.50M-
Total liabilities$3.86B$3.86B$3.60B$3.21B$2.61B$2.42B$1.98B$1.62B$1.59B-
Shareholders' equity$643.84M$639.68M$619.80M$453.10M$322.65M$294.86M$230.21M$174.32M$161.73M$127.52M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$62.48M$65.85M$52.95M$40.01M$40.28M$43.96M$22.65M$23.05M$18.32M$14.41M
Capital expenditures$11.44M$7.22M$13.48M$6.87M$8.72M$8.37M$7.27M$7.93M$2.83M$1.27M
Free cash flow$51.04M$58.62M$39.46M$33.14M$31.57M$35.59M$15.38M$15.13M$15.50M$13.14M
Investing cash flow-$15.97M-$252.94M$269.00M-$177.81M-$93.89M-$206.03M-$106.15M-$30.10M-$41.42M-$83.03M
Financing cash flow-$64.64M$200.95M-$193.82M-$39.71M$180.24M$245.83M$62.21M$12.81M$44.92M$63.13M
Share repurchases$22.04M$31.93M$10.05M$14.31M$8.27M$4.37M$4.21M$10.45M$3.63M$2.59M
Stock-based compensation$2.14M$2.17M$2.14M$1.66M$1.39M$1.08M$685.0K$556.0K$465.0K$419.0K
Depreciation and amortization$2.40M$2.30M$2.10M$1.70M$1.78M$1.51M----

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY10.4%-17.8%54.8%9.0%7.4%28.5%10.3%34.3%15.7%-
Net income growth, YoY9.0%-12.0%64.8%-0.5%19.4%42.5%4.9%66.2%2.7%-
EPS growth, YoY11.2%-10.7%30.5%-5.7%16.8%31.0%1.6%56.1%1.7%-
Net margin41.1%41.6%38.9%36.5%40.0%36.0%32.4%34.1%27.6%31.0%
Free cash flow margin29.4%37.2%20.6%26.8%27.8%33.7%18.7%20.3%27.9%27.4%
Return on equity11.1%10.2%12.0%10.0%14.1%12.9%11.6%14.6%9.5%11.7%
Return on assets1.6%1.5%1.8%1.2%1.5%1.4%1.2%1.4%0.9%-
Debt to equity----0.020.03172.880.000.05-

Source: XBRL data Bank First Corporation files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

BFC peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
BFC$239.04M+41.4%$86.88M36.3%$1.64B
JPM$203.15B+13.2%$65.98B32.5%$888.26B
BAC$120.16B+5.4%$32.24B26.8%$340.97B
WFC$87.23B+5.4%$22.97B26.3%$251.98B
C$85.22B+5.6%$14.31B16.8%$199.70B
UBS$49.57B+2.0%$7.80B15.7%$148.27B
COF$63.01B+31.2%$10.87B17.2%$121.43B
MFG¥8.79T+7.6%¥1.16T13.2%$116.96B
BNSC$37.74B+12.1%C$7.79B20.6%$112.48B

BFC FAQ

8 questions
  • What is BFC revenue?
    Bank First Corporation (BFC) reported $239.04M of revenue for the twelve months ended Sep 30, 2026. That is up 41.4% from the year before. Revenue for fiscal 2025 was $173.88M.
  • Is BFC profitable?
    Yes. Bank First Corporation earned $86.88M in net income for the twelve months ended Sep 30, 2026, a net margin of 36.3%.
  • How much cash and debt does BFC have?
    Bank First Corporation reported $212.22M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is BFC revenue growing?
    Bank First Corporation's revenue changed +10.4% in fiscal 2025, to $173.88M. Its compound annual growth rate was +10.5% over 5 years.
  • What is BFC free cash flow?
    Bank First Corporation generated $56.15M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $70.39M less capital expenditures.
  • What is BFC earnings per share?
    Diluted earnings per share were $8.01 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did BFC last report financial results?
    The latest statements here come from Bank First Corporation's 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
  • Where does this BFC financial data come from?
    Quantisnow builds these statements from the structured XBRL data Bank First Corporation files with the SEC. It is provided for information only and is not investment advice.