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BFC Stock Analysis - Bank First Corp AI Rating

BFC Nasdaq National Commercial Banks WI CIK: 0001746109
Recently Updated • Analysis: Mar 20, 2026 • SEC Data: 2025-12-31
AI Rating
BUY
72% Confidence

📊 BFC Key Takeaways

Revenue: $221.7M
Net Margin: 32.2%
Free Cash Flow: $51.0M
Current Ratio: N/A
Debt/Equity: 0.00x
EPS: $7.23
AI Rating: BUY with 72% confidence

Investment Thesis

Bank First Corp demonstrates solid fundamental strength with exceptional profitability margins (32.2% net margin), strong revenue growth (+46.2% YoY), and healthy free cash flow generation ($51M). The company maintains a fortress balance sheet with minimal leverage (0.00x debt/equity) and adequate interest coverage (5.5x), though ROE of 11.1% suggests moderate capital efficiency for a banking institution.

BFC Strengths

  • + Exceptional net profit margin of 32.2% indicating superior operational efficiency
  • + Robust revenue growth of 46.2% YoY demonstrates strong business momentum
  • + Conservative capital structure with virtually no debt (0.00x debt/equity ratio)
  • + Solid free cash flow of $51M (23% FCF margin) supporting sustainability
  • + Strong operating margin of 39.8% showing pricing power and cost control
  • + Minimal long-term debt of only $2.5M indicates financial flexibility

BFC Risks

  • ! ROE of 11.1% is below peer expectations for commercial banks, suggesting suboptimal capital deployment
  • ! ROA of 1.6% is relatively modest for a financial institution
  • ! High insider trading activity (17 Form 4 filings in 90 days) warrants monitoring for potential distribution signals
  • ! Revenue growth sustainability unclear given the 46.2% YoY rate may not be repeatable
  • ! Limited diversity in available financial metrics constrains deeper operational analysis

Key Metrics to Watch

BFC Financial Metrics

Revenue
$221.7M
Net Income
$71.5M
EPS (Diluted)
$7.23
Free Cash Flow
$51.0M
Total Assets
$4.5B
Cash Position
$243.2M

💡 AI Analyst Insight

The 23.0% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.

BFC Profitability Ratios

Gross Margin N/A
Operating Margin 39.8%
Net Margin 32.2%
ROE 11.1%
ROA 1.6%
FCF Margin 23.0%

BFC vs Finance Sector

How Bank First Corp compares to Finance sector averages

Net Margin
BFC 32.2%
vs
Sector Avg 25.0%
BFC Sector
ROE
BFC 11.1%
vs
Sector Avg 12.0%
BFC Sector
Current Ratio
BFC 0.0x
vs
Sector Avg 1.2x
BFC Sector
Debt/Equity
BFC 0.0x
vs
Sector Avg 2.0x
BFC Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

BFC Balance Sheet & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
0.00x
Debt/Assets
85.7%
Interest Coverage
5.54x
Long-term Debt
$2.6M

BFC 5-Year Financial Trend

BFC 5-year financial data:
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Bank First Corp's revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $7.28 reflects profitable operations.

BFC Growth Metrics (YoY)

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
23.0%
Free cash flow / Revenue

BFC Capital Allocation

Operating Cash Flow
$62.5M
Cash generated from operations
Stock Buybacks
$22.0M
Shares repurchased (TTM)
Capital Expenditures
$11.4M
Investment in assets
Dividends Paid
$52.5M
Returned to shareholders

BFC SEC Filings

Access official SEC EDGAR filings for Bank First Corp (CIK: 0001746109)

📋 Recent SEC Filings

Date Form Document Action
Mar 19, 2026 4 xslF345X06/tm268391-9_4seq1.xml View →
Mar 10, 2026 4 xslF345X05/tm268391-14_4seq1.xml View →
Mar 10, 2026 4 xslF345X05/tm268391-13_4seq1.xml View →
Mar 10, 2026 4 xslF345X05/tm268391-12_4seq1.xml View →
Mar 10, 2026 4 xslF345X05/tm268391-11_4seq1.xml View →

Frequently Asked Questions about BFC

What is the AI rating for BFC?

Bank First Corp (BFC) has an AI rating of BUY with 72% confidence, based on fundamental analysis of SEC EDGAR filings.

What are BFC's key strengths?

Exceptional net profit margin of 32.2% indicating superior operational efficiency. Robust revenue growth of 46.2% YoY demonstrates strong business momentum.

What are the risks of investing in BFC?

ROE of 11.1% is below peer expectations for commercial banks, suggesting suboptimal capital deployment. ROA of 1.6% is relatively modest for a financial institution.

What is BFC's revenue and growth?

Bank First Corp reported revenue of $221.7M.

Does BFC pay dividends?

Bank First Corp pays dividends, with $52.5M distributed to shareholders in the trailing twelve months.

Where can I find BFC SEC filings?

Official SEC filings for Bank First Corp (CIK: 0001746109) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is BFC's EPS?

Bank First Corp has a diluted EPS of $7.23.

How is the AI analysis conducted?

Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.

Disclaimer: This analysis is generated by Claude AI based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 20, 2026 | Data as of: 2025-12-31 | Powered by Claude AI