NASDAQ · Financial Statements

Bank First Corporation (BFC) Financial Statements

$147.34 NASDAQ: BFC Market Cap $1.63B

Bank First Corporation most recently reported annual revenue of $240.0M, net profit of $71.0M. Revenue grew at an average annual rate of 15.5% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Bank First Corporation: Revenue rose from $50.0M in 2016 to $240.0M in 2025, a change of +380.0% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 45.2% to 36.7%, a shift of -8.6 percentage points; the most recent year shows net profit of $71.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$50.0M$59.0M$85.0M$97.0M$117.0M$117.0M$131.0M$186.0M$223.0M$240.0M
Operating Expenses$27.0M$35.0M$52.0M$63.0M$67.0M$57.0M$71.0M$88.0M$144.0M$152.0M
Operating Profit$23.0M$24.0M$32.0M$34.0M$50.0M$60.0M$60.0M$99.0M$80.0M$88.0M
Operating Margin45.2%40.7%37.9%35.3%42.6%51.4%45.6%53.0%35.6%36.7%
Other Income$0$0$0$0$0$0$0$0$0$0
Interest$6.0M$8.0M$15.0M$19.0M$14.0M$8.0M$12.0M$49.0M$69.0M$70.0M
Depreciation$1.0M$1.0M$2.0M$2.0M$3.0M$3.0M$4.0M$8.0M$8.0M$6.0M
Profit Before Tax$23.0M$24.0M$32.0M$34.0M$50.0M$60.0M$60.0M$99.0M$80.0M$88.0M
Tax$34.1M$36.6M$20.6M$22.1M$23.7M$24.2M$24.2M$24.6M$17.5M$18.9M
Net Profit$15.0M$15.0M$25.0M$27.0M$38.0M$45.0M$45.0M$75.0M$66.0M$71.0M
EPS$2.40$2.44$3.81$3.87$5.05$5.90$5.56$7.26$6.50$7.23
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$51.0M$43.0M$53.0M$54.0M$58.0M$58.0M$60.0M$59.0M$60.0M$61.0M$84.0M$86.0M
Operating Expenses$31.0M$-3.0M$35.0M$34.0M$37.0M$37.0M$38.0M$38.0M$38.0M$38.0M$60.0M$55.0M
Operating Profit$20.0M$46.0M$17.0M$20.0M$21.0M$22.0M$22.0M$21.0M$22.0M$23.0M$25.0M$31.0M
Operating Margin38.9%107.3%32.7%36.5%35.7%37.3%36.6%35.3%37.4%37.3%29.3%35.7%
Interest$13.0M$16.0M$16.0M$16.0M$18.0M$18.0M$19.0M$18.0M$17.0M$16.0M$20.0M$21.0M
Profit Before Tax$20.0M$46.0M$17.0M$20.0M$21.0M$22.0M$22.0M$21.0M$22.0M$23.0M$25.0M$31.0M
Tax$24.7M$24.1M$10.5M$19.0M$19.9M$19.5M$17.5M$18.4M$19.9M$19.7M$19.1M$19.4M
Net Profit$15.0M$35.0M$15.0M$16.0M$17.0M$18.0M$18.0M$17.0M$18.0M$18.0M$20.0M$25.0M
EPS$1.43$3.38$1.51$1.59$1.65$1.74$1.82$1.71$1.83$1.87$1.78$2.21

Over the 10 years reported for Bank First Corporation, borrowings increased from $50.0M in 2016 to $124.0M in 2025, cash stood at $55.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 1.83 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$1.3B$1.8B$1.8B$2.2B$2.7B$2.9B$3.7B$4.2B$4.5B$4.5B
Current Assets$152.0M$172.0M$182.0M$239.0M$335.0M$510.0M$424.0M$407.0M$414.0M$55.0M
Cash$40.0M$53.0M$63.0M$53.0M$170.0M$297.0M$119.0M$247.0M$261.0M$55.0M
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$0$0$0$0$0$0$0$0$0$0
Fixed Assets$13.0M$19.0M$24.0M$35.0M$43.0M$49.0M$56.0M$70.0M$71.0M$79.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$1.2B$1.6B$1.6B$2.0B$2.4B$2.5B$3.3B$3.6B$3.9B$4.1B
Other Assets$8.0M$15.0M$15.0M$43.0M$55.0M$55.0M$110.0M$175.0M$175.0M$175.0M
Total Liabilities$1.2B$1.6B$1.6B$2.0B$2.4B$2.6B$3.2B$3.6B$3.9B$3.9B
Current Liabilities$1.2B$1.6B$1.6B$1.9B$2.4B$2.6B$3.2B$3.5B$3.7B$30.0M
Borrowings$50.0M$68.0M$43.0M$114.0M$77.0M$67.0M$123.0M$127.0M$147.0M$124.0M
Other Liabilities$1.1B$1.5B$1.6B$1.9B$2.3B$2.5B$3.1B$3.5B$3.7B$3.8B
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$128.0M$162.0M$174.0M$230.0M$295.0M$323.0M$453.0M$620.0M$640.0M$644.0M

For Bank First Corporation, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $51.0M; free cash flow was positive in 10 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$14.0M$18.0M$23.0M$23.0M$44.0M$40.0M$40.0M$53.0M$66.0M$62.0M
Investing Cash Flow$-84.0M$-44.0M$-38.0M$-113.0M$-214.0M$-103.0M$-185.0M$256.0M$-260.0M$-27.0M
Financing Cash Flow$66.0M$28.0M$24.0M$28.0M$292.0M$204.0M$-31.0M$-191.0M$120.0M$13.0M
Net Cash Flow$-5.0M$22.0M$6.0M$-21.0M$84.0M$127.0M$-178.0M$128.0M$14.0M$-18.0M
Free Cash Flow$13.0M$15.0M$15.0M$15.0M$36.0M$32.0M$33.0M$39.0M$59.0M$51.0M

Valuation & Return Ratios

MetricValue
PEG Ratio1.76
EV / EBITDA—
FCF Yield—
Quick Ratio—
Interest Coverage—
Return 1Y12.81%
Return 3Y82.87%
Return 5Y136.91%

Bank First Corporation (BFC) financials — frequently asked questions

What is Bank First Corporation's annual revenue?

Bank First Corporation (BFC) reported annual revenue of $240.0M in its most recent fiscal year.

What is Bank First Corporation's net profit?

Bank First Corporation (BFC) reported net profit of $71.0M in its most recent fiscal year.

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