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Bank First National Corp (BFC) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

FINANCIAL SERVICES · BANKS - REGIONAL · DATA UPDATED 2026-09-13

Bank First National Corp (BFC) operates in the BANKS - REGIONAL industry and is headquartered in Manitowoc, United States with about 554 employees. Its market capitalization is roughly $2 billion. In the fiscal year ended 2025-12-31, BFC reported $240M in revenue and $71M in net income.

Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, and consumers, in Wisconsin.

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BFC Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Total Revenue$292M$240M$223M$186M$131M$117M$117M$97M$85M$59M$50M$46M$45M$43M$44M$41M$47M$52M$54M$53M$48M
Gross Profit$216M$169M$155M$133M$116M$105M$96M$72M$67M$50M$44M$40M$38M$36M$35M$31M$31M$35M$30M$30M$27M
Gross Margin %74.1%70.3%69.6%71.2%88.8%90.2%82.1%74.5%79.0%85.2%87.5%86.8%84.9%85.2%80.1%76.8%65.6%67.6%55.8%55.8%56.1%
Operating Income (EBIT)$101M$88M$80M$99M$60M$60M$50M$34M$32M$24M$23M$20M$19M$17M$14M$11M$10M$9M$6M$10M$9M
Operating Margin %34.5%36.7%35.6%53.0%45.6%51.3%42.6%35.3%37.9%40.7%45.2%44.0%41.9%38.5%33.1%27.9%20.8%16.8%11.1%18.2%18.0%
Net Income$81M$71M$66M$75M$45M$45M$38M$27M$25M$15M$15M$13M$13M$12M$10M$9M$7M$7M$6M$7M$7M
Net Margin %27.8%29.7%29.4%40.0%34.6%38.9%32.5%27.5%30.1%25.8%29.8%29.2%28.0%27.0%23.8%20.9%15.9%12.8%11.5%13.9%14.2%
EBITDA$108M$94M$88M$107M$64M$63M$53M$37M$34M$25M$24M$21M$20M$18M$15M$12M$11M$10M$7M$11M$9M
Earnings Per Share (EPS)$7.70$7.27$6.52$7.31$5.60$5.95$5.09$3.87$3.81$2.44$2.40$2.13$1.99$1.79$1.58$1.30$1.13$1.01$0.94$1.10$1.03
Shares Outstanding (M)11M10M10M10M8M8M7M7M7M6M6M6M6M6M7M7M7M7M7M7M7M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BFC Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$86M$84M$61M$60M$59M$60M$58M$58M
Gross Profit$65M$64M$45M$42M$40M$42M$41M$40M
Gross Margin %75.9%75.8%73.2%70.3%69.1%68.7%70.5%68.6%
Operating Income (EBIT)$31M$25M$23M$22M$21M$22M$22M$21M
Operating Margin %35.7%29.3%37.3%37.4%35.3%36.6%37.3%35.7%
Net Income$25M$20M$18M$18M$17M$18M$18M$17M
Net Margin %28.8%23.7%29.9%29.9%28.8%30.2%30.0%28.6%
EBITDA$31M$28M$25M$24M$23M$24M$24M$23M
Earnings Per Share (EPS)$2.21$1.78$1.87$1.83$1.70$1.83$1.75$1.65
Shares Outstanding (M)11M11M10M10M10M10M10M10M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BFC Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-31
Cash from Operations (CFO)$57M$62M$66M$53M$40M$40M$44M$23M$23M$18M$14M$13M$16M$14M$16M$14M$12M$13M$13M$11M
Capital Expenditures (CapEx)$15M$11M$7M$13M$7M$9M$8M$7M$8M$3M$1M$3M$3M$1M$2M$2M$2M$1M$2M$1M
Free Cash Flow (FCF)$43M$51M$59M$39M$33M$32M$36M$15M$15M$15M$13M$10M$13M$13M$14M$12M$10M$12M$11M$10M
FCF Margin %
Dividends Paid$21M$53M$16M$12M$8M$9M$6M$5M$5M$4M$4M$3M$3M$1M$6M$3M$3M$3M$3M$2M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BFC Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$24M($12M)$29M$15M$12M$6M$31M$19M
Capital Expenditures (CapEx)$4M$5M$3M$3M$4M$2M$3M$2M
Free Cash Flow (FCF)$21M($17M)$26M$12M$8M$4M$27M$17M
FCF Margin %
Dividends Paid$6M$6M$4M$4M$39M$4M$4M$4M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BFC Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Total Assets$5.9B$4.5B$4.5B$4.2B$3.7B$2.9B$2.7B$2.2B$1.8B$1.8B$1.3B$1.2B$1.1B$1.1B$1.0B$910M$832M$839M$794M$721M$688M
Cash & Cash Equivalents$267M$55M$261M$247M$119M$297M$41M$53M$63M$53M$40M$28M$41M$35M$111M$40M$19M$21M$21M$35M$54M
Total Liabilities$5.1B$3.9B$3.9B$3.6B$3.2B$26M$41M$68M$1.6B$1.6B$1.2B$1.1B$996M$959M$924M$817M$747M$757M$717M$645M$618M
Total Debt (Short + Long-Term)$185M$122M$172M$127M$122M$74M$98M$114M$43M$20M$50M$46M$31M$33M$46M$52M$76M$4M$0M$0M$76M
Total Shareholders' Equity$819M$644M$640M$620M$453M$2.9B$2.7B$2.1B$174M$162M$128M$119M$109M$102M$96M$93M$85M$81M$77M$76M$70M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive BFC viewer.

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