Welcome to our dedicated page for Bank First news (Ticker: BFC), a resource for investors and traders seeking the latest updates and insights on Bank First stock.
Bank First Corporation reports recurring developments tied to community banking through Bank First, N.A., including consumer and commercial lending, deposit products, treasury management, digital banking, credit cards and related insurance services in Wisconsin and the Stateline area of Illinois.
Company news commonly covers quarterly earnings, loan and deposit growth, net interest margin conditions, tangible book value, dividends and acquisition integration. Following the completed Centre 1 Bancorp acquisition, updates also include trust, wealth planning and investment management services added to the Bank First platform.
Bank First (Nasdaq:BFC) agreed to acquire PSB Holdings, parent of Peoples State Bank, in an all-stock merger valued at approximately $202.9 million.
Each Peoples share will be exchanged for 0.3470 BFC shares. The combined bank is expected to reach about $7.6 billion in assets and expand across North Central Wisconsin and the greater Milwaukee area. Peoples shareholders are expected to receive over an 80% market premium. Closing is targeted for the fourth quarter of 2026, subject to regulatory and shareholder approvals.
Bank First (NASDAQ: BFC) reported net income of $20.0 million and EPS of $1.78 for Q1 2026; adjusted net income (non-GAAP) was $25.1 million or $2.24 per share after acquisition and asset-sale adjustments. Total assets rose to $6.07 billion (up $1.56 billion, ~33%) following the Centre acquisition. The board declared a quarterly cash dividend of $0.55 per share, payable July 8, 2026, representing a 10.0% sequential and 22.2% year-over-year increase.
Net interest income was $53.2 million, noninterest expense was $39.1 million, and nonperforming assets totaled $30.0 million (0.50% of assets) at March 31, 2026.
Bank First (NASDAQ: BFC) reported Q4 2025 net income $18.4M ($1.87/share) and 2025 net income $71.5M ($7.23/share). Adjusted (non-GAAP) Q4 results were $19.6M ($2.00/share) and $73.4M ($7.42/share) for the year. Net interest income was $40.2M in Q4 and NIM improved to 4.01%. Total assets were $4.51B and loans totaled $3.60B at December 31, 2025; total deposits were $3.70B. The Board declared a quarterly cash dividend of $0.50/share, payable April 8, 2026 (record March 25, 2026). The company completed the acquisition of Centre/First National Bank and Trust on January 1, 2026, and reported acquisition-related expenses and a $0.9M loss from razing a former branch site.
Bank First Corporation (Nasdaq: BFC) announced on Jan 2, 2026 that it has completed the acquisition of Centre 1 Bancorp, parent of The First National Bank and Trust Company.
Effective immediately, Bank First is adding trust and wealth management services and integrating First National Bank and Trust personnel. The combined company will operate 38 branches across Wisconsin and the Stateline area of Illinois and hold approximately $6 billion in assets. First National Bank and Trust will remain a division until a planned system conversion in May 2026, when locations will transition to the Bank First brand and digital platform. Centre CEO Steve Eldred will join Bank First's board.
Bank First (NASDAQ: BFC) reported net income of $18.0 million and $53.1 million for the three and nine months ended September 30, 2025, respectively, with EPS of $1.83 (Q3) and $5.36 (YTD).
NII was $38.3 million in Q3 with a net interest margin of 3.88%. Total loans were $3.63 billion (+$158.7M YoY) and total deposits were $3.54 billion. Provision for credit losses was $0.7 million in Q3 and $1.3 million YTD. Nonperforming assets totaled $13.9 million (0.31% of assets).
The board declared a quarterly cash dividend of $0.45 per share payable January 7, 2026.
Bank First Corporation (Nasdaq: BFC) received all required regulatory approvals to complete its planned merger with Centre 1 Bancorp, Inc., parent of The First National Bank and Trust.
The transaction is slated to close on January 1, 2026, subject to customary closing conditions and approval by Centre shareholders. After closing, First National Bank and Trust will operate as a division of Bank First until a system conversion expected in Q2 2026, when branches will adopt the Bank First name and clients will move to Bank First's digital banking platform.
Bank First reported total assets of approximately $4.4 billion and serves central and northeastern Wisconsin with commercial, mortgage, and consumer lending products.
Bank First Corporation (Nasdaq: BFC) has announced a definitive agreement to acquire Centre 1 Bancorp in an all-stock transaction valued at $174.3 million. Under the agreement, Centre shareholders will receive 0.9200 shares of Bank First common stock for each Centre share.
The merger will create a combined institution with approximately $5.91 billion in total assets, $4.58 billion in loans, and $4.89 billion in deposits. This strategic move marks Bank First's first out-of-state expansion into southern Wisconsin and northern Illinois markets. The transaction is expected to close in Q1 2026, with system conversion anticipated in Q2 2026.
Post-merger, Centre's CEO Steve Eldred will join Bank First's Board of Directors. The combined entity will benefit from enhanced lending capacity, expanded wealth management services, and Bank First's 40% ownership in Ansay & Associates insurance agency.
Bank First Corporation (NASDAQ: BFC) reported strong Q2 2025 financial results with net income of $16.9 million, or $1.71 per share, up from $16.1 million in Q2 2024. The bank's performance showed improvement with net interest margin increasing to 3.72% from 3.63% year-over-year. Total assets reached $4.37 billion, while loans grew to $3.58 billion.
The bank declared a quarterly cash dividend of $0.45 per share and a special dividend of $3.50 per share. Asset quality remained strong with minimal nonperforming assets at 0.31% of total assets. The bank's stockholders' equity stood at $612.3 million, with book value per share at $62.27, despite capital returns through dividends ($43.6 million) and share repurchases ($22.0 million) in the first half of 2025.
The bank continues to benefit from yield curve normalization and maintains strong core deposits representing nearly all of its $3.60 billion deposit base.Bank First (NASDAQ: BFC) reported strong Q1 2025 financial results with net income of $18.2 million, or $1.82 per share, representing a 20.53% increase from the prior-year quarter. The bank achieved a net interest income of $36.5 million, up $3.2 million year-over-year, and maintained a healthy net interest margin of 3.65%.
Key highlights include:
- Total assets reached $4.51 billion
- Loan portfolio grew to $3.55 billion
- Core deposits increased to $3.67 billion
- Quarterly cash dividend declared at $0.45 per share
Asset quality improved with nonperforming assets decreasing to $7.6 million (0.17% of total assets). The bank's stockholders' equity totaled $648.4 million, with book value per share at $65.02 and tangible book value at $45.46.
Bank First (BFC) reported Q4 2024 net income of $17.5 million ($1.75 per share), compared to $34.9 million ($3.39 per share) in Q4 2023. Full-year 2024 earnings were $65.6 million ($6.50 per share), versus $74.5 million ($7.28 per share) in 2023.
The bank's net interest income was $35.6 million in Q4 2024, with a net interest margin of 3.61%. Total assets reached $4.50 billion, up 6.5% year-over-year. Loans grew 5.2% to $3.52 billion, while deposits increased 6.7% to $3.66 billion.
The Board declared a quarterly cash dividend of $0.45 per share, matching the previous quarter and representing a 28.6% increase from the prior year. Asset quality remained strong with nonperforming assets at just 0.21% of total assets.