BANKFIRST CAP CORP - BFCC STOCK NEWS

BankFirst Capital Corporation (OTCQX:BFCC) has completed its acquisition of The Citizens Bank of Fayette, expanding its operations to 32 offices across Mississippi and Alabama. This strategic move increases BankFirst's total assets to approximately $2.0 billion, gross loans to $1.2 billion, and total deposits to $1.8 billion. Key executives from Citizens Bank are joining BankFirst, enhancing leadership in the Fayette region. The transaction is expected to create synergies and strengthen the bank's presence in the southeastern U.S.

BankFirst Capital Corporation (OTCQX: BFCC) has declared a cash dividend of $0.68 per share, payable on December 10, 2021, to shareholders of record as of December 1, 2021. This announcement was made by Moak Griffin, President and CEO of the company. BankFirst Capital Corporation, based in Columbus, Mississippi, has approximately $1.8 billion in total assets and operates numerous branches across Mississippi and Alabama.

BankFirst Capital Corporation (OTCQX: BFCC) reported strong Q3 2021 net income of $5.3 million, or $1.01 per share, marking a 24% increase from Q2 2021 and 58% compared to Q3 2020. Year-to-date net income reached $13.9 million, a 32% rise. Total assets were $1.79 billion with a 1% increase in net loans. The company announced the acquisition of Citizens Bank of Fayette, enhancing its footprint. However, net interest margin decreased slightly to 3.00%, influenced by rising interest expenses.

BankFirst Capital Corporation (OTCQX:BFCC) has signed a merger agreement with F.B.H. Corporation to acquire The Citizens Bank of Fayette, Alabama. The transaction, which is expected to close in Q4 2021, was unanimously approved by both boards and requires shareholder and regulatory approval. Upon completion, BankFirst will operate 32 offices in Mississippi and Alabama, with total assets surpassing $2.0 billion. Both companies emphasized their cultural alignment and commitment to community banking.

BankFirst Capital Corporation (OTCQX:BFCC) announced the opening of a new loan production office in Biloxi, Mississippi on September 27, 2021. This move marks the company's expansion into the Biloxi market, which is expected to bolster growth opportunities. Additionally, the company has converted its existing mortgage production office in Oxford, Mississippi, into a loan production office to better serve increasing demand for its loan products. BankFirst is a locally owned financial institution with $1.8 billion in assets, headquartered in Columbus, Mississippi.

BankFirst Capital Corporation (OTCQX: BFCC) reported a net income of $4.3 million, or $0.81 per share, for Q2 2021, consistent with Q1 2021 and up 39% from Q2 2020. For the first half of 2021, net income reached $8.6 million, up 18% from $6.1 million in 2020. Total assets increased to $1.8 billion, an 18% rise year-over-year. Non-interest income saw a slight decline, primarily due to a first-quarter grant. The company maintained a strong credit quality, with non-performing assets at 0.63%. Total deposits rose to $1.58 billion, reflecting organic growth and PPP participation.

BankFirst Capital Corporation (OTCQX: BFCC) has reported a record quarterly net income of $4.3 million or $0.81 per share for Q1 2021, reflecting a 48% increase year-over-year. Total assets have risen 35% to $1.78 billion compared to Q1 2020, largely due to organic growth and participation in the Paycheck Protection Program (PPP). Non-interest income increased 32% to $6 million, driven by higher mortgage lending income. However, net interest income decreased 1% to $12.7 million due to Federal Reserve interest rate cuts, and net loans outstanding were down 1% from the previous quarter.

BankFirst Capital Corporation (OTCQX: BFCC) will present live at VirtualInvestorConferences.com on March 10, 2021, at 11:00 AM ET. The event will feature Moak Griffin, President and CEO, and Luke Yeatman, CFO, allowing real-time interaction with investors. An archived webcast will be available for those unable to attend live. Investors are encouraged to pre-register and run system checks for a smooth experience. BankFirst, with assets of $1.7 billion, operates multiple branches across Mississippi and Alabama, offering diverse banking services.

BankFirst Capital Corporation (OTCQX: BFCC) announced the retirement of William L. Freeman, Jr. from its board of directors, effective February 17, 2021. His retirement was not due to any disagreements with the company. Freeman will remain a director of the Bank. To fill his vacancy, Dr. Melinda W. Pilkinton has been appointed to the board. Dr. Pilkinton brings over 20 years of experience as a social science researcher and holds degrees from Mississippi State University and the University of Southern Mississippi. BankFirst has been operational since 1888 and is a $1.7 billion financial institution.