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Companies / Financials / Bank First Corp
BFC

Bank First Corp

FinancialsCommercial Banks
Ticker BFCMANITOWOC, WIFiscal year ends DecemberBook value per share $74.32Diluted shares 11.1M

Bank First Corporation (Nasdaq: BFC) is the holding company for Bank First, N.A., a full-service community bank serving businesses, professionals and consumers across Wisconsin and Winnebago County, Illinois. The bank offers commercial and retail banking, including business and real estate lending, residential… From the company’s description.

Over the twelve months to Sep 30, 2026, Bank First Corp reported revenue of $239.04M, up 41.4% from a year earlier, and net income of $86.88M. Its pre-tax margin was 45.2%. In fiscal 2025, it reported revenue of $173.88M, up 10.4% from fiscal 2024, and net income of $71.50M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$173.88MFY2025
+10.4% year over year
Last 12 mo $239.04M
50.71%FY2025
+0.2 percentage points
Last 12 mo 45.24%
$71.50MFY2025
+9.0% year over year
Last 12 mo $86.88M
11.10%FY2025
+0.9 percentage points
Last 12 mo 10.51%
Cash & financing
$62.48MFY2025
−5.1% year over year
Last 12 mo $70.39M
$51.04MFY2025
−12.9% year over year
Last 12 mo $56.15M
5.93FY2025
Was 5.95× a year earlier
Last 12 mo 6.15
9.8MFY2025
−1.9% year over year
Last 12 mo 11.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Bank First Corp does

In the company’s own words

Bank First Corporation (Nasdaq: BFC) is the holding company for Bank First, N.A., a full-service community bank serving businesses, professionals and consumers across Wisconsin and Winnebago County, Illinois. The bank offers commercial and retail banking, including business and real estate lending, residential mortgages, consumer loans, deposit accounts, cash management, and online and mobile banking. Its customers include individuals, small and medium-sized businesses, professional firms, organizations and governmental authorities. The company also provides investment and safekeeping services through a subsidiary and holds minority interests in an insurance provider and a title company. As of December 31, 2025, it operated 38 offices and had $4.51 billion in consolidated assets, including $3.60 billion in loans and $3.70 billion in deposits. Bank First, N.A. traces its origins to 1894; Bank First Corporation was organized in 1982 as its holding company. Its website is www.bankfirst.com.

Company details
Sector
Financials
Industry (SIC)
Commercial Banks
Headquarters
MANITOWOC, WI
Fiscal year end
December
CIK
1746109
SIC
6021

Financial performance, year by year

Fiscal 2018–2025 · USD
$-23.90M$47.81M$119.52M$191.23M$262.94M20182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Bank First Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

165
funds hold it
0 of 35
superinvestors hold it
$287.38M
held by funds, at market
17.8%
of shares held by funds

Largest fund holders · Bank First Corp’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.05%of fund net assets
0.45%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.02%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Bank First Corp and its peers compare on margins and cash generation over ten years?”
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