Bank First (BFC) Stock Price

Bank First Price

NASDAQ·CLOSED
152.00USD-0.76 (-0.50 %)
Market closed

Revenue has compounded at 9.7% per year over the past 19 years to 170.39 M USD. Earnings per share have grown at 10.8% per year over the last 19 years. Bank First's net margin stands at 42.0%, broadly stable from 41.9% several years earlier. Bank First currently offers a dividend yield of about 3.49%. The payout ratio is around 73% of earnings. The dividend has grown at 29.9% per year over the past 15 years. Analysts set a median price target of 149.94 USD, implying 1.4% below the current price. Of 6 analysts, 4 rate the stock a buy — an overall Buy consensus. The stock trades about 28% above its 52-week low.

Bank First stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Bank First over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Bank First stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Bank First's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Bank First Stock Price History
DateBank First Price
8/24/2026152.00 USD
8/21/2026152.76 USD
8/20/2026152.32 USD
8/19/2026154.00 USD
8/18/2026156.25 USD
8/14/2026158.00 USD
8/13/2026158.42 USD
8/12/2026156.95 USD
8/11/2026156.93 USD
8/10/2026151.96 USD
8/7/2026153.42 USD
8/6/2026154.95 USD
8/5/2026156.21 USD
8/4/2026156.03 USD
8/3/2026155.29 USD
7/31/2026152.74 USD
7/30/2026151.29 USD
7/29/2026152.00 USD
7/27/2026150.17 USD
7/23/2026147.39 USD
7/22/2026146.37 USD
7/21/2026145.60 USD
7/20/2026145.82 USD
7/17/2026146.63 USD
7/16/2026153.21 USD
7/15/2026147.47 USD
7/14/2026146.38 USD
7/13/2026147.35 USD
7/10/2026147.35 USD
7/9/2026146.67 USD
7/8/2026146.80 USD
7/7/2026149.57 USD
7/6/2026151.55 USD
7/2/2026151.80 USD
7/1/2026152.99 USD
6/30/2026148.35 USD
6/29/2026145.53 USD
6/26/2026147.91 USD
6/25/2026144.90 USD
6/24/2026146.44 USD
6/23/2026144.66 USD
6/22/2026143.39 USD
6/18/2026142.34 USD
6/17/2026143.45 USD
6/16/2026143.78 USD
6/15/2026145.17 USD
6/12/2026145.40 USD
6/11/2026143.67 USD
6/10/2026144.33 USD
6/9/2026143.70 USD
6/8/2026141.68 USD
6/5/2026140.24 USD
6/4/2026138.16 USD
6/3/2026139.26 USD
6/2/2026140.07 USD
6/1/2026135.96 USD
5/29/2026140.50 USD
5/28/2026139.00 USD
5/27/2026140.20 USD
5/26/2026140.66 USD
5/22/2026141.08 USD
5/21/2026140.62 USD
5/20/2026140.54 USD
5/19/2026143.37 USD
5/18/2026143.66 USD
5/15/2026141.14 USD
5/14/2026143.77 USD
5/13/2026143.54 USD
5/12/2026144.29 USD
5/11/2026144.51 USD
5/8/2026146.62 USD
5/7/2026145.00 USD
5/6/2026145.75 USD
5/5/2026145.68 USD
5/4/2026143.82 USD
5/1/2026142.76 USD
4/30/2026145.31 USD
4/29/2026144.81 USD
4/28/2026148.67 USD
4/27/2026145.62 USD
4/24/2026144.19 USD
4/23/2026141.83 USD
4/22/2026138.99 USD
4/21/2026139.83 USD
4/20/2026139.03 USD
4/17/2026140.87 USD
4/16/2026142.69 USD
4/15/2026142.65 USD
4/14/2026142.52 USD
4/13/2026141.75 USD
4/10/2026143.64 USD
4/9/2026144.62 USD
4/8/2026141.10 USD
4/7/2026138.76 USD
4/6/2026137.64 USD
4/2/2026136.99 USD
4/1/2026136.15 USD
3/31/2026135.06 USD
3/30/2026133.45 USD
3/27/2026131.93 USD
3/26/2026132.64 USD
3/25/2026132.56 USD
3/24/2026133.67 USD
3/23/2026132.68 USD
3/20/2026130.32 USD
3/19/2026134.23 USD
3/18/2026134.23 USD
3/17/2026135.62 USD
3/16/2026136.29 USD
3/13/2026135.44 USD
3/12/2026134.72 USD
3/11/2026134.27 USD
3/10/2026136.67 USD
3/9/2026135.98 USD
3/6/2026136.32 USD
3/5/2026136.57 USD
3/4/2026139.14 USD
3/3/2026137.99 USD
3/2/2026138.25 USD
2/27/2026134.67 USD
2/26/2026140.08 USD
2/25/2026141.94 USD
2/24/2026139.40 USD
2/23/2026140.12 USD
2/20/2026142.97 USD
2/19/2026141.87 USD
2/18/2026144.32 USD
2/17/2026146.82 USD
2/13/2026146.00 USD
2/12/2026145.17 USD
2/11/2026146.99 USD
2/10/2026149.84 USD
2/9/2026151.84 USD
2/6/2026151.51 USD
2/5/2026148.27 USD
2/4/2026148.23 USD
2/3/2026146.38 USD
2/2/2026144.96 USD
1/30/2026139.54 USD
1/29/2026138.60 USD
1/28/2026135.88 USD
1/27/2026138.39 USD
1/26/2026139.25 USD
1/23/2026137.32 USD
1/22/2026135.82 USD
1/21/2026135.68 USD
1/20/2026128.44 USD
1/16/2026129.59 USD
1/15/2026129.02 USD
1/14/2026126.27 USD
1/13/2026123.70 USD
1/12/2026123.14 USD
1/9/2026122.61 USD
1/8/2026125.44 USD
1/7/2026122.00 USD
1/6/2026123.50 USD
1/5/2026123.59 USD
1/2/2026120.63 USD
12/31/2025121.82 USD
12/30/2025123.10 USD
12/29/2025125.49 USD
12/26/2025126.93 USD
12/24/2025128.36 USD
12/23/2025129.43 USD
12/22/2025131.00 USD
12/19/2025132.47 USD
12/18/2025136.06 USD
12/17/2025135.13 USD
12/16/2025135.42 USD
12/15/2025135.51 USD
12/12/2025135.26 USD
12/11/2025136.12 USD
12/10/2025134.77 USD
12/9/2025130.33 USD
12/8/2025130.60 USD
12/5/2025129.86 USD
12/4/2025130.53 USD
12/3/2025129.59 USD
12/2/2025125.61 USD
12/1/2025126.40 USD
11/28/2025124.73 USD
11/26/2025125.43 USD
11/25/2025126.33 USD
11/24/2025123.54 USD
11/21/2025123.36 USD
11/20/2025119.08 USD
11/19/2025120.81 USD
11/18/2025120.88 USD
11/17/2025120.95 USD
11/14/2025124.76 USD
11/13/2025123.94 USD
11/12/2025125.18 USD
11/11/2025125.71 USD
11/10/2025124.45 USD
11/7/2025124.14 USD
11/6/2025122.47 USD
11/5/2025123.92 USD
11/4/2025120.81 USD
11/3/2025122.24 USD
10/31/2025122.12 USD
10/30/2025124.79 USD
10/29/2025124.28 USD
10/28/2025130.41 USD
10/27/2025130.87 USD
10/24/2025131.42 USD
10/23/2025128.60 USD
10/22/2025132.19 USD
10/21/2025127.13 USD
10/20/2025124.37 USD
10/17/2025120.97 USD
10/16/2025121.03 USD
10/15/2025130.75 USD
10/14/2025134.93 USD
10/13/2025128.89 USD
10/10/2025126.72 USD
10/9/2025129.13 USD
10/8/2025131.99 USD
10/7/2025131.77 USD
10/6/2025132.73 USD
10/3/2025128.36 USD
10/2/2025124.37 USD
10/1/2025121.88 USD
9/30/2025121.31 USD
9/29/2025120.87 USD
9/28/2025120.87 USD
9/25/2025124.37 USD
9/24/2025124.12 USD
9/23/2025125.73 USD
9/22/2025126.46 USD
9/19/2025127.49 USD
9/18/2025129.40 USD
9/17/2025126.02 USD
9/16/2025124.39 USD
9/15/2025125.38 USD
9/12/2025127.70 USD
9/11/2025128.25 USD
9/10/2025128.36 USD
9/9/2025128.35 USD
9/8/2025130.60 USD
9/5/2025127.74 USD
9/4/2025129.27 USD
9/3/2025127.97 USD
9/2/2025128.75 USD
8/29/2025129.94 USD
8/28/2025130.17 USD
8/27/2025130.16 USD
8/26/2025130.40 USD
Access this data via the Eulerpool API

Bank First Revenue, Pre-Provision Profit, Net Income

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  • Max

Revenue
Pre-Provision Profit
Net Income
Details
Date
Revenue
Pre-Provision Profit
Net Income
Jan 1, 2020
103.15 M USD
49.75 M USD
38.05 M USD
Jan 1, 2021
108.48 M USD
57.98 M USD
45.44 M USD
Jan 1, 2022
118.32 M USD
56.22 M USD
45.21 M USD
Jan 1, 2023
148.09 M USD
59.97 M USD
74.51 M USD
Jan 1, 2024
154.64 M USD
75.87 M USD
65.56 M USD
Jan 1, 2025
170.39 M USD
170.39 M USD
71.50 M USD
Jan 1, 2026 (e)
264.05 M USD
0.00 USD
111.58 M USD
Jan 1, 2027 (e)
307.65 M USD
0.00 USD
126.95 M USD

Bank First Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 26, 2026, 1:36 PM
 
REVENUEM USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM USD
Net Interest IncomeM USD
Non-Interest IncomeM USD
Loan Loss ProvisionsM USD
Pre-Provision Profit (PPOP)M USD
NET INCOMEM USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESM
201220132014201520162017201820192020202120222023202420252026e2027e
43.0042.0045.0045.0049.0059.0084.0097.00117.00116.00130.00186.00223.00240.00264.00307.00
7.50-2.337.148.8920.4142.3715.4820.62-0.8512.0743.0819.897.6210.0016.29
81.4085.7184.4486.6787.7684.7578.5774.2382.0590.5289.2370.9769.5170.4270.4270.42
35.0036.0038.0039.0043.0050.0066.0072.0096.00105.00116.00132.00155.00169.00185.90216.18
32.3034.1034.9036.0038.7945.7463.1069.6786.8490.08104.09131.19137.80151.66
8.406.707.904.765.275.816.577.9816.3218.4014.2316.9016.8418.73
2.901.502.001.000.301.102.905.307.103.102.204.68-0.80
17.4018.0020.9018.4618.9721.1530.0734.8549.7557.9856.2259.9775.87170.39
10.0011.0012.0013.0014.0015.0025.0026.0038.0045.0045.0074.0065.0071.00111.00126.00
25.0010.009.098.337.697.1466.674.0046.1518.4264.44-12.169.2356.3413.51
0.800.810.850.941.151.555.302.202.64
1.254.9410.5922.3434.78241.94-58.4920.00
6.536.396.316.246.206.716.617.137.687.628.9910.3410.019.839.839.83
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Bank First generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Bank First retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Bank First's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Bank First has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Bank First's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Bank First stock margins

The Bank First margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Bank First. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Bank First.
  • 3 Years

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  • Max

Cost-Income Ratio
Profit margin
Details
Date
Cost-Income Ratio
Profit margin
Jan 1, 2020
51.77 %
36.88 %
Jan 1, 2021
46.55 %
41.89 %
Jan 1, 2022
52.49 %
38.21 %
Jan 1, 2023
59.51 %
50.32 %
Jan 1, 2024
50.94 %
42.40 %
Jan 1, 2025
0.00 %
41.96 %
Jan 1, 2026 (e)
0.00 %
42.26 %
Jan 1, 2027 (e)
0.00 %
41.27 %

Bank First Revenue per Share, Earnings per Share

The Bank First earnings per share therefore indicates how much revenue Bank First has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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  • Max

Revenue per Share
Earnings per Share
Details
Date
Revenue per Share
Earnings per Share
Jan 1, 2020
13.44 USD
4.96 USD
Jan 1, 2021
14.23 USD
5.96 USD
Jan 1, 2022
13.16 USD
5.03 USD
Jan 1, 2023
14.32 USD
7.21 USD
Jan 1, 2024
15.45 USD
6.55 USD
Jan 1, 2025
17.33 USD
7.27 USD
Jan 1, 2026 (e)
23.53 USD
9.95 USD
Jan 1, 2027 (e)
27.42 USD
11.32 USD

Bank First business model & stock analysis

Bank First Corp is a US holding company that operates multiple subsidiaries offering banking and financial services. The company was founded in 1894 as the First National Bank of Manitowoc and has since expanded to become one of the largest independent banks in Wisconsin. Its business model focuses on providing financial services to small and medium-sized businesses as well as individuals. The bank offers a variety of products and services including savings accounts, checking accounts, loans, mortgages, credit cards, and investment and asset management services. Bank First Corp operates several business divisions including deposit-taking, lending to businesses and individuals, and investment and asset management services. It also has a specialized department that focuses on trust and estate services to assist customers in managing their wealth and inheritance. The bank has a strong online and mobile banking offering that enhances customer access to their financial accounts and services. It has become a significant player in Wisconsin's financial industry and beyond in recent years, with substantial expansion through its initial public offering in 2017 and acquisitions of other banks and financial institutions. One of its recent expansions was the acquisition of Partnership Bank, based in Cedarburg, Wisconsin, which helped increase its reach and unlock new growth opportunities in Washington, Ozaukee, and Waukesha counties. Bank First Corp is also a major lender in the Midwest region, particularly for small and medium-sized businesses, specializing in financing industries such as agriculture, construction, retail, healthcare, and manufacturing. While primarily operating in Wisconsin, the company has branches in other states including Michigan and Ohio, expanding its presence through acquisitions and organic growth. In summary, Bank First Corp is a successful independent bank in Wisconsin, offering a wide range of financial services to support customers in various industries and situations. It has a long history and a strong position in the region, focusing on growth and expanding its offerings through targeted acquisitions and organic expansion.

Bank First SWOT Analysis

Strengths

Bank First Corp boasts a solid financial position, with robust profitability and consistent growth in revenue. This enables the company to withstand economic fluctuations and support its operations effectively.

Bank First Corp offers a wide range of financial products and services, including personal banking, business banking, mortgage loans, investment options, and insurance. This diversity allows the company to cater to the varied needs of its customer base and capture a larger market share.

Bank First Corp values its customers and has built strong, long-lasting relationships with them over the years. This trust and loyalty provide a competitive advantage as it leads to continued patronage and increased referrals.

Weaknesses

Bank First Corp operates primarily in a specific region, which limits its potential market reach. This dependence on a specific geographic area exposes the bank to regional economic risks and may hinder its growth opportunities in other markets.

Bank First Corp's technological infrastructure and digital capabilities are not as advanced as some of its competitors. This may result in a less efficient customer experience and hinder the bank's ability to keep up with rapidly changing industry trends.

Opportunities

Bank First Corp has the opportunity to expand its operations into new geographic markets where it currently has a limited presence. This expansion would allow the bank to tap into new customer segments and diversify its revenue streams.

Bank First Corp can invest in technology and digitalization to enhance its online banking platforms, mobile applications, and overall digital experience. This would attract tech-savvy customers and improve operational efficiency.

Threats

Bank First Corp faces intense competition from other established banks and emerging fintech companies. This competition puts pressure on the bank to continuously innovate, improve customer service, and offer competitive interest rates and fees.

Bank First Corp is susceptible to economic downturns and fluctuations that can impact the overall financial industry. A recession or financial crisis can lead to reduced customer demand, increased loan defaults, and potential regulatory challenges.

Bank First Employees

  • 3 Years

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  • Max

Bank First Employees
Details
Date
Bank First Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Bank First Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Bank First historical P/E ratio, EBIT multiple, and P/S ratio

Bank First annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Bank First shares outstanding

The number of shares of Bank First was 9.83 M in 2025. This indicates how many shares Bank First is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2020
7.68 M Stocks
Jan 1, 2021
7.62 M Stocks
Jan 1, 2022
8.99 M Stocks
Jan 1, 2023
10.34 M Stocks
Jan 1, 2024
10.01 M Stocks
Jan 1, 2025
9.83 M Stocks
Jan 1, 2026 (e)
9.83 M Stocks
Jan 1, 2027 (e)
9.83 M Stocks

Bank First Dividend History

17 years of dividend payments · 9 consecutive increases

YearAnnual DividendYoY ChangePayments
20261.65USDYTD
Mar 25, 20260.50USD 11.1%1/3
Jun 24, 20260.55USD 10.0%2/3
Sep 23, 2026Declared0.60USD 9.1%3/3
20255.30USD 241.9%
Mar 26, 20250.45USD 0.0%1/5
May 9, 20253.50USD 677.8%2/5
Jun 25, 20250.45USD 87.1%3/5
Sep 24, 20250.45USD 0.0%4/5
Dec 24, 20250.45USD 0.0%5/5
20241.55USD 34.8%
20231.15USD 22.3%
20220.94USD 10.6%
20210.85USD 4.9%
20200.81USD 1.3%
20190.80USD 17.6%
20180.68USD 6.2%
20170.64USD 8.5%

Bank First dividend history and estimates

In 2025, Bank First paid a dividend amounting to 5.30 USD. Dividend means that Bank First distributes a portion of its profits to its owners.
  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2020
0.81 USD
0.00 USD
0.00 USD
Jan 1, 2021
0.85 USD
0.00 USD
0.00 USD
Jan 1, 2022
0.94 USD
0.00 USD
0.00 USD
Jan 1, 2023
1.15 USD
0.00 USD
0.00 USD
Jan 1, 2024
1.55 USD
0.00 USD
0.00 USD
Jan 1, 2025
5.30 USD
0.00 USD
0.00 USD
Jan 1, 2026 (e)
1.65 USD
0.55 USD
0.00 USD
Jan 1, 2027 (e)
0.00 USD
2.64 USD
0.00 USD

Bank First dividend payout ratio

In 2025, Bank First had a payout ratio of 72.90%. The payout ratio indicates the percentage of the company's profits that Bank First distributes as dividends.
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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2020
16.35 %
Jan 1, 2021
14.26 %
Jan 1, 2022
18.70 %
Jan 1, 2023
15.96 %
Jan 1, 2024
23.67 %
Jan 1, 2025
72.90 %
Jan 1, 2026 (e)
22.12 %
Jan 1, 2027 (e)
23.33 %

Current Bank First forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
2.44 %
Buy
66.67 % (4)
Hold
33.33 % (2)
Sell
0.00 % (0)
12M Price Target
149.94
Last Price
152.00
Currency
USD
12M Return Potential
-1.36 %
LTM Return
0 %

Bank First Analyst Rating Actions

DateFirmActionRatingReliability
7/23/2026
Piper Sandler
Piper Sandler
MaintainedNeutral53
4/20/2026
Piper Sandler
Piper Sandler
MaintainedNeutral53
1/26/2026
Piper Sandler
Piper Sandler
MaintainedNeutral53
10/23/2025
Piper Sandler
Piper Sandler
MaintainedNeutral53
7/21/2025
Piper Sandler
Piper Sandler
MaintainedNeutral53
5/6/2025
Hovde Group
Hovde Group
UpgradeMarket PerformOutperform
4/17/2025
Piper Sandler
Piper Sandler
MaintainedNeutral53
10/17/2024
Piper Sandler
Piper Sandler
MaintainedNeutral53
7/18/2024
Piper Sandler
Piper Sandler
MaintainedNeutral53
4/18/2024
Piper Sandler
Piper Sandler
MaintainedNeutral53

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Bank First Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
7/21/20262.26USD-66.71 MUSD-2026 Q2
4/21/20262.21USD-67.17 MUSD-2026 Q1
1/20/20261.77USD-45.05 MUSD-2025 Q4
4/16/20241.39USD-40.00 MUSD-2024 Q1
1/16/20241.44USD-39.69 MUSD-2023 Q4
7/17/20231.81USD-38.87 MUSD-2023 Q2
4/17/20231.66USD-38.16 MUSD-2023 Q1
1/16/20231.72USD-37.05 MUSD-2022 Q4
10/18/20221.62USD-32.38 MUSD-2022 Q3
7/19/20221.50USD-29.24 MUSD-2022 Q2

EESG©

Eulerpool ESG Scorecard© for the Bank First stock

36/100
16
Environment
63
Social
28
Governance
E

Environment

20
Scope 1 - Direct Emissions
Scope 2 - Indirect emissions from purchased energy
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Bank First shareholder structure

% Name
6.79322%
BLACKROCK, INC.
BLACKROCK, INC.
4.19766%
VANGUARD CAPITAL MANAGEMENT LLC
VANGUARD CAPITAL MANAGEMENT LLC
3.10594%
STATE STREET CORP
STATE STREET CORP
2.51432%
GEODE CAPITAL MANAGEMENT, LLC
GEODE CAPITAL MANAGEMENT, LLC
1.57511%
MERIT FINANCIAL GROUP, LLC
MERIT FINANCIAL GROUP, LLC
1.42316%
DIMENSIONAL FUND ADVISORS LP
DIMENSIONAL FUND ADVISORS LP
...

Bank First Beneficial Ownership Filings (SEC 13D/G)

Free Float
89.8%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
7.50%
Richard S. Molepske
Richard S. Molepske
SEC ↗
6.00%
(1) BlackRock, Inc.
(1) BlackRock, Inc.
SEC ↗
4.90%
(1)Names of reporting persons. BlackRock, Inc.
(1)Names of reporting persons. BlackRock, Inc.
SEC ↗

Bank First Executives and Management Board

13 members · avg. age 57 · 23 % women

MM

Mr. Michael Molepske (64)

Chief Executive Officer, Director · since 2008

1.70 M USD

Management

TM

Mr. Timothy Mcfarlane (58)

President, Director · since 2023

1.04 M USD
KL

Mr. Kevin Lemahieu (53)

Chief Financial Officer

976,683.00 USD
JK

Mr. Jason Krepline (50)

Chief Lending Officer

589,165.00 USD
KD

Ms. Kelly Dvorak (47)

Corporate Secretary, Chief Legal Counsel

445,149.00 USD

Board of Directors

MB

Ms. Mary-kay Bourbulas (61)

Lead Independent Director

95,941.00 USD
PS

Mr. Peter Van Sistine (68)

Independent Director

95,941.00 USD
RG

Mr. Robert Gregorski (63)

Independent Director

80,941.00 USD
SJ

Mr. Stephen Johnson (69)

Independent Director

80,941.00 USD
PM

Mr. Phillip Maples (59)

Independent Director

80,941.00 USD
ED

Ms. Erin Davis (37)

Independent Director

25,000.00 USD

Bank First Supply Chain

Frequently asked questions about Bank First

The business model of Bank First Corp revolves around providing various banking services to individuals, businesses, and organizations. As a full-service community bank, Bank First Corp offers a wide range of financial solutions, including personal and business banking, loans, mortgages, and investment services. With a customer-centric approach, Bank First Corp focuses on building strong relationships with its clients and strives to understand their unique financial needs. By delivering exceptional customer service and offering innovative banking products, Bank First Corp aims to support the financial goals and aspirations of its customers, driving growth and profitability for the company.

Bank First Corp is primarily active in the banking industry.

The main competitors of Bank First Corp in the market include financial institutions such as First Business Financial Services, Inc., Associated Banc-Corp, and Johnson Financial Group.

Bank First Corp, formerly known as First Manitowoc Bancorp Inc, is a financial holding company based in Manitowoc, Wisconsin. Established in 1894, Bank First Corp has a rich history spanning over a century. The company operates as the holding company for Bank First, which provides a comprehensive range of banking and financial services to individuals, businesses, and communities. With a focus on community-oriented banking, Bank First Corp has built a strong reputation for exceptional customer service and local involvement. Today, Bank First Corp continues to thrive as a leading financial institution, committed to serving the banking needs of its customers and supporting the growth and development of its community.

Throughout its history, Bank First Corp has achieved several significant milestones. The company has consistently focused on providing outstanding financial services and solutions to its customers. Notably, Bank First Corp successfully completed several strategic acquisitions, expanding its market presence and customer base. Furthermore, the company has consistently delivered strong financial performance, positioning itself as a leader in the banking industry. Bank First Corp continues to prioritize its commitment to customer satisfaction and community engagement, solidifying its reputation as a reliable and trusted financial institution. With its remarkable milestones, Bank First Corp has established itself as a prominent player in the banking sector.

Bank First Corp is primarily present in the United States.

Bank First Corp represents values of integrity, customer-centricity, and community involvement. As a trusted financial institution, Bank First Corp focuses on building long-term relationships with its customers, prioritizing their financial well-being. The company's corporate philosophy emphasizes transparency, accountability, and outstanding service, striving to meet the diverse banking needs of individuals, businesses, and communities they serve. Bank First Corp is committed to providing innovative solutions, promoting financial literacy, and supporting local initiatives to foster economic growth. With its unwavering commitment to excellence, Bank First Corp is dedicated to being a reliable partner for all banking needs.

Analysts currently set an average price target of 149.94 USD for the Bank First stock (median: 149.94 USD), implying -1.4 % versus the latest price. The consensus is based on 6 analyst ratings.

6 analysts currently rate the Bank First stock: 4 recommend buying, 2 holding and 0 selling. For 2026, analysts expect Bank First to generate revenue of 264.05 M USD and earnings per share of 11.35 USD.

Converted at the current exchange rate, the Bank First share trades at 130.25 EUR (152.00 USD).

The Bank First share (BFC) is listed on 2 stock exchanges, including: NASDAQ (BFC), Frankfurt (42H.F).

Bank First Corp is a leading financial institution in the state of Wisconsin, offering a wide range of banking products and services. With its headquarters in Manitowoc, the bank has a network of 19 locations and serves customers throughout Wisconsin. The business model of Bank First Corp is based on an extensive portfolio of banking services that cover every area of the financial world. The main divisions of the bank are deposits, loans, cash management, and wealth management. Each of these divisions offers a variety of products and services to meet the needs of different target groups. Deposits form the foundation of most banking activities, and Bank First Corp offers a wide range of deposit products such as checking accounts, savings accounts, certificates of deposit, and money market accounts. The bank also offers online and mobile banking options, ensuring that its customers can access their finances anytime and anywhere. Loans are another major activity of Bank First Corp. The bank offers a variety of loan products, including mortgages, home equity loans, auto loans, personal loans, and business loans. The bank also carries out credit improvement programs and provides financing options for students. Cash management is another important pillar of Bank First Corp. This involves products and services that help businesses manage their accounts and financial transactions. The bank offers a variety of cash management services, including electronic payments, payment processing, cash management tools, and remote deposit capture. Wealth management is the final and most lucrative division of the banking business. Bank First Corp offers a comprehensive range of wealth management services, including investment management, trust and estate planning, financial planning, and retirement planning. The bank also has a team of highly qualified wealth advisors who help customers make investment decisions and effectively manage their assets. Overall, the business model of Bank First Corp is based on a combination of traditional banking services and innovative financial products and services. The bank utilizes cutting-edge technology to provide its customers with the best possible banking experience and has heavily invested in digital transformation in recent years to meet the changing needs of its customers. In summary, the business model of Bank First Corp is built on a solid foundation of deposits, loans, and cash management services, supplemented by a comprehensive wealth management division. The bank has a strong presence in Wisconsin and has earned an excellent reputation as a trusted partner for both private and business customers.

The expected revenue of Bank First is 264.05 M USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Bank First is 111.58 M USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Bank First is currently 13.40. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Bank First stock.

The price-to-sales ratio (P/S) of Bank First is currently 5.66. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Bank First stock.

The Eulerpool Quality Score for Bank First is 7/10.

The ISIN of Bank First is US06211J1007. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Bank First is A117EM. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Bank First is BFC. The ticker symbol is used to trade Bank First shares on the stock exchange.

Over the past 12 months, Bank First paid a dividend of 5.30 USD . This corresponds to a dividend yield of about 3.49 %. For the coming 12 months, Bank First is expected to pay a dividend of 2.64 USD.

The current dividend yield of Bank First is 3.49 %.

Bank First pays a dividend, distributed in the months of , , , .

Bank First paid dividends every year for the past 16 years.

For the upcoming 12 months, dividends amounting to 2.64 USD are expected. This corresponds to a dividend yield of 1.74 %.

Bank First is assigned to the 'Finance' sector.

To receive the latest dividend of Bank First from amounting to 0.6 USD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Bank First distributed 1.55 USD as dividends.

The dividends of Bank First are distributed in USD.