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Companies / Financials / Bank First Corp
BFC

Bank First Corp

FinancialsCommercial Banks
Ticker BFCMANITOWOC, WIFiscal year ends DecemberBook value per share $73.17Diluted shares 11.2M

Bank First Corporation (Nasdaq: BFC) operates as a community-focused financial institution providing comprehensive banking services through its wholly-owned subsidiary, Bank First, N.A., a national banking association founded in 1894. The company maintains its headquarters in Manitowoc, Wisconsin and serves customers… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$173.88M
+10.4% year over year
Last 12 mo $217.91M
50.71%
+0.2 percentage points
Last 12 mo 46.22%
$71.50M
+9.0% year over year
Last 12 mo $81.06M
11.10%
+0.9 percentage points
Last 12 mo 9.89%
Cash & financing
$62.48M
−5.1% year over year
Last 12 mo $57.25M
$51.04M
−12.9% year over year
Last 12 mo $42.58M
5.93
Was 5.95× a year earlier
Last 12 mo 0.13
9.9M
−2.0% year over year
Last 12 mo 11.2M

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) operates as a community-focused financial institution providing comprehensive banking services through its wholly-owned subsidiary, Bank First, N.A., a national banking association founded in 1894. The company maintains its headquarters in Manitowoc, Wisconsin and serves customers across Wisconsin and Illinois through a network of thirty-eight branch offices spanning nineteen counties. The company's website is www.bankfirst.com.

Bank First offers a full spectrum of retail and commercial banking products and services, including checking and savings accounts, money market accounts, certificates of deposit, cash management services, and credit cards. The lending portfolio encompasses commercial and industrial loans, commercial real estate loans, construction and development financing, residential mortgages, home equity products, and consumer loans. As of December 31, 2025, the company maintained total consolidated assets of $4.51 billion, total loans of $3.60 billion, and total deposits of $3.70 billion with stockholders' equity of $643.8 million.

The company's loan portfolio is predominantly composed of real estate-secured lending, representing approximately 74.1 percent of total loans. Commercial real estate loans constitute the largest segment at 49.3 percent of the portfolio, followed by residential mortgage and home equity loans at 24.8 percent, commercial and industrial loans at 18.0 percent, and construction and development loans at 6.0 percent. Consumer loans represent the remaining 1.5 percent of the portfolio.

Bank First employs approximately 380 full-time equivalent employees and maintains an average assets-to-employee ratio of $11.9 million. The company operates as a relationship-based community bank emphasizing personalized financial solutions and local market expertise. Bank First holds subsidiary interests in Bank First Investments, Inc., which provides investment and safekeeping services; TVG Holdings, Inc., which holds a 40 percent ownership interest in Ansay & Associates, LLC, an independent insurance provider; and BFC Title, LLC, which holds a 5.88 percent ownership interest in Generations Title, LLC.

The company completed its acquisition of Centre 1 Bancorp, Inc. on January 1, 2026, reflecting its strategic focus on selective acquisition opportunities to strengthen market presence and enhance its relationship-based banking model. Bank First ranks among the top three deposit market share holders in seven of the nineteen counties where it operates.

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

Financial performance, year by year

Fiscal 2018–2025 · USD
$-21.79M$43.58M$108.96M$174.33M$239.70M20182019202020212022202320242025Last 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
17.7%
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
0.05%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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