Bank First Announces Net Income for the First Quarter of 2025
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 (NASDAQ: BFC) ha riportato risultati finanziari solidi nel primo trimestre 2025 con un utile netto di 18,2 milioni di dollari, pari a 1,82 dollari per azione, che rappresenta un incremento del 20,53% rispetto allo stesso trimestre dell'anno precedente. La banca ha registrato un reddito netto da interessi di 36,5 milioni di dollari, in crescita di 3,2 milioni di dollari su base annua, mantenendo un margine netto da interessi sano del 3,65%.
I principali punti salienti includono:
- Attività totali raggiunte a 4,51 miliardi di dollari
- Portafoglio prestiti cresciuto fino a 3,55 miliardi di dollari
- Depositi core aumentati a 3,67 miliardi di dollari
- Dividendo trimestrale in contanti dichiarato a 0,45 dollari per azione
La qualità degli asset è migliorata con le attività non performanti scese a 7,6 milioni di dollari (0,17% del totale attivo). Il patrimonio netto degli azionisti della banca ammonta a 648,4 milioni di dollari, con un valore contabile per azione pari a 65,02 dollari e un valore contabile tangibile di 45,46 dollari.
Bank First (NASDAQ: BFC) reportó sólidos resultados financieros en el primer trimestre de 2025 con un ingreso neto de 18,2 millones de dólares, o 1,82 dólares por acción, lo que representa un aumento del 20,53% respecto al mismo trimestre del año anterior. El banco alcanzó un ingreso neto por intereses de 36,5 millones de dólares, un incremento de 3,2 millones de dólares interanual, y mantuvo un saludable margen neto de interés del 3,65%.
Los aspectos clave incluyen:
- Los activos totales alcanzaron los 4,51 mil millones de dólares
- La cartera de préstamos creció hasta 3,55 mil millones de dólares
- Los depósitos principales aumentaron a 3,67 mil millones de dólares
- Dividendo trimestral en efectivo declarado de 0,45 dólares por acción
La calidad de los activos mejoró con activos no productivos disminuyendo a 7,6 millones de dólares (0,17% del total de activos). El patrimonio neto de los accionistas del banco totalizó 648,4 millones de dólares, con un valor en libros por acción de 65,02 dólares y un valor tangible en libros de 45,46 dólares.
Bank First (NASDAQ: BFC)는 2025년 1분기 강력한 재무 실적을 보고했으며, 순이익 1,820만 달러, 주당 1.82달러로 전년 동기 대비 20.53% 증가했습니다. 은행은 순이자수익 3,650만 달러를 달성했으며, 전년 대비 320만 달러 증가했고, 건전한 순이자마진 3.65%를 유지했습니다.
주요 내용은 다음과 같습니다:
- 총자산 45억 1천만 달러 달성
- 대출 포트폴리오 35억 5천만 달러로 성장
- 핵심 예금 36억 7천만 달러로 증가
- 분기 현금 배당금 주당 0.45달러 선언
자산 품질이 개선되어 부실 자산이 760만 달러(총자산의 0.17%)로 감소했습니다. 은행의 주주 자본은 6억 4,840만 달러이며, 주당 장부가는 65.02달러, 유형 장부가는 45.46달러입니다.
Bank First (NASDAQ : BFC) a publié de solides résultats financiers pour le premier trimestre 2025 avec un revenu net de 18,2 millions de dollars, soit 1,82 dollar par action, représentant une augmentation de 20,53 % par rapport au même trimestre de l'année précédente. La banque a réalisé un revenu net d'intérêts de 36,5 millions de dollars, en hausse de 3,2 millions de dollars d'une année sur l'autre, et a maintenu une marge nette d'intérêt saine de 3,65 %.
Les points clés incluent :
- Les actifs totaux ont atteint 4,51 milliards de dollars
- Le portefeuille de prêts a augmenté à 3,55 milliards de dollars
- Les dépôts de base ont augmenté à 3,67 milliards de dollars
- Dividende trimestriel en espèces déclaré à 0,45 dollar par action
La qualité des actifs s'est améliorée avec une diminution des actifs non performants à 7,6 millions de dollars (0,17 % du total des actifs). Les capitaux propres des actionnaires de la banque s'élèvent à 648,4 millions de dollars, avec une valeur comptable par action de 65,02 dollars et une valeur comptable tangible de 45,46 dollars.
Bank First (NASDAQ: BFC) meldete starke Finanzergebnisse für das erste Quartal 2025 mit einem Nettoeinkommen von 18,2 Millionen US-Dollar bzw. 1,82 US-Dollar pro Aktie, was einer Steigerung von 20,53 % gegenüber dem Vorjahresquartal entspricht. Die Bank erzielte einen Nettozinsertrag von 36,5 Millionen US-Dollar, eine Steigerung um 3,2 Millionen US-Dollar im Jahresvergleich, und hielt eine gesunde Nettozinsmarge von 3,65 % aufrecht.
Wichtige Highlights umfassen:
- Gesamtvermögen erreichten 4,51 Milliarden US-Dollar
- Darlehensportfolio wuchs auf 3,55 Milliarden US-Dollar
- Kern-Einlagen stiegen auf 3,67 Milliarden US-Dollar
- Quartalsdividende in bar von 0,45 US-Dollar pro Aktie erklärt
Die Vermögensqualität verbesserte sich, da notleidende Vermögenswerte auf 7,6 Millionen US-Dollar (0,17 % des Gesamtvermögens) zurückgingen. Das Eigenkapital der Aktionäre der Bank belief sich auf 648,4 Millionen US-Dollar, mit einem Buchwert je Aktie von 65,02 US-Dollar und einem greifbaren Buchwert von 45,46 US-Dollar.
- Net income increased 20.53% year-over-year to $18.2 million
- Net interest income grew by $3.2 million from Q1 2024
- Nonperforming assets decreased to 0.17% from 0.31% year-over-year
- Book value per share increased to $65.02 from $60.16 year-over-year
- Quarterly dividend increased 28.6% year-over-year
- Net loan charge-offs of $0.8 million compared to recoveries of $0.6 million in Q1 2024
- Noninterest-bearing deposits decreased to 27.4% of total deposits from 29.0% year-over-year
- Higher provision for credit losses at $0.4 million vs $0.2 million in Q1 2024
Insights
Bank First delivered robust Q1 2025 results with
The bank's core fundamentals show impressive strength. Net interest income grew to
Asset quality metrics improved significantly, with nonperforming assets declining to
The
Most impressively, BFC achieved a
- Net income of
$18.2 million $1.82 - Earnings per common share
20.53% higher than the prior-year first quarter - Annualized return on average assets of
1.64% for the three months ended March 31, 2025 - Quarterly cash dividend of
$0.45 28.6% higher than the prior-year first quarter
"We are delighted to announce that our team of relationship-focused bankers achieved significant financial returns in the first quarter of 2025," stated CEO Mike Molepske. "These results were driven by an increase in core loan and deposit growth that started late last year and continued into early 2025."
Operating Results
Net interest income ("NII") during the first quarter of 2025 was
Net interest margin ("NIM") was
Bank First recorded a provision for credit losses of
Noninterest income was
Noninterest expense was
The comparability of year-over-year income tax expense was affected by a provision enacted in the Bank's home state during 2023 which offered an income tax exclusion on certain commercial and agricultural loans to borrowers who reside or are located in the state of
Balance Sheet
Total assets were
Total loans were
Total deposits, nearly all of which remain core deposits, were
Asset Quality
Nonperforming assets at March 31, 2025 totaled
Capital Position
Stockholders' equity totaled
Dividend Declaration
Bank First's Board of Directors approved a quarterly cash dividend of
Bank First Corporation provides financial services through its subsidiary, Bank First, N.A., which was incorporated in 1894. Bank First offers loan, deposit, and treasury management products at its 26 banking locations in
For further information, contact:
Kevin M LeMahieu, Chief Financial Officer
Phone: (920) 652-3200 / klemahieu@bankfirst.com
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SOURCE Bank First Corporation
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