Saturday 17 October 2026 Export BFC’s income statement to Excel — free account

Bank First National Corporation

Bank First National Corporation’s revenue for fiscal 2025 (year ended December 2025) was $243.9 million, up 7.90% from fiscal 2024. In the quarter to June 2026, revenue grew 44.1%, EPS grew 29.2%, free cash flow grew 152.0% and total debt rose 107.1%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

147.60 0.64 +0.44%

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Market cap: $1.6B
P/E: 19.2×
Fwd P/E: 15.0×
Dividend yield: 1.42%
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.28

Total sells 2.66

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	1	—	—	2	—	—	—	1	—	—
Sell	—	—	—	1	—	—	—	—	—	—	1	—

Insider Ownership 10.47%

Capital & Financial Ratios $m

Market Cap 1,630.00

Revenue 292.66

Net Income 81.06

Free Cash Flow 42.66

Net Debt (241.68)

Current Ratio 0.93

Debt/Equity 0.03

P/E ratio 19.19

Fwd P/E 15.00

P/S ratio 5.60

P/B ratio 2.00

Past 5Y EPS Growth 7.36%

This Y EPS Growth 34.03%

Next Y EPS Growth 13.78%

Next Y revenue growth 8.88%

Next 5Y EPS Growth 17.13%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 94.27%

10-year low 10-year high

P/S against its own 10 years 90.85%

10-year low 10-year high

P/B against its own 10 years 73.38%

10-year low 10-year high

Dividends

Payout Ratio 0.27

Annual Dividend Rate 2.10

Annual Dividend Yield 1.42%

	total	individual payouts
2027	Powerpack
2026	2.28	0.50 0.55 0.60
2025	5.30	0.45 3.50 0.45 0.45 0.45
2024	1.55	0.35 0.35 0.40 0.45
2023	1.45	0.25 0.30 0.30 0.30 0.30
2022	0.94	0.22 0.22 0.25 0.25
2021	0.85	0.21 0.21 0.21 0.22
2020	0.81	0.20 0.20 0.20 0.21
2019	0.80	0.20 0.20 0.20 0.20
2018	0.68	0.16 0.16 0.16 0.20
2017	0.64	0.16 0.16 0.16 0.16
2016	0.59	0.14 0.14 0.15 0.16

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	247	261	243	267
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	3,550	3,737	3,810	4,737

	2023	2024	2025	Q'26
Payables	3,433	3,661	3,696	4,988
ST’ Debt	—	—	—	—
Other	—	—	—	—
	3,544	3,796	3,806	5,068

Compound Annual Growth %

	10y	5y	3y
Sales	17.53%	15.32%	21.43%
Cash Flow	17.35%	7.28%	16.02%
Earnings	18.17%	13.51%	16.60%
Book Value	0.00%	16.90%	12.42%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	84	86	—	—	—
’25	62	59	61	61	244
’24	54	55	59	58	226
’23	47	50	52	91	241
’22	29	31	36	40	136
’21	31	31	30	31	122
’20	27	32	31	29	120

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(12)	24	—	—	—
’25	6	12	15	29	62
’24	1	15	19	31	66
’23	4	11	17	20	53
’22	2	8	10	20	40
’21	6	6	13	16	40
’20	(2)	21	3	22	44

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(17)	21	—	—	—
’25	4	8	12	26	51
’24	1	16	17	27	61
’23	1	7	13	18	39
’22	1	7	7	18	33
’21	5	5	12	10	32
’20	(4)	19	1	19	36

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.78	2.21	—	—	—
’25	1.82	1.71	1.83	1.87	7.23
’24	1.51	1.59	1.65	1.75	6.50
’23	1.09	1.37	1.43	3.39	7.28
’22	1.34	1.55	1.26	1.43	5.58
’21	1.49	1.50	1.46	1.46	5.92
’20	1.02	1.11	1.42	1.49	5.07

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	25.00	33.10	43.70	35.02	43.63	64.01	68.28	65.00	74.90	92.49	Analyst estimates 2026–2028 Powerpack
	High	33.50	44.75	58.50	76.90	71.61	77.00	99.84	93.15	110.49	139.71
People
People	Employees	—	248	253	284	314	287	382	379	366	380
	Revenue/emp, $m	0.00	0.26	0.35	0.36	0.38	0.42	0.36	0.63	0.62	0.64
Income, $m
Income, $m	Revenue	54	63	89	102	120	122	136	241	226	244
	Gross margin, %	89.01	87.78	83.40	80.85	88.41	93.19	90.86	79.63	69.66	71.28
	EBT	23	24	32	34	50	60	60	99	80	88
	EBT margin, %	41.91	38.14	35.84	33.68	41.71	49.19	43.77	41.06	35.17	36.14
	Net income	15	15	25	27	38	45	45	75	66	71
	Depreciation	2	2	3	3	5	5	6	8	7	6
Per share, $
Per share, $	Revenue	8.68	10.07	13.40	15.04	16.07	15.99	16.93	23.65	22.54	24.78
	Earnings	2.40	2.44	3.81	3.91	5.07	5.92	5.58	7.28	6.55	7.23
	Cash flow	2.32	2.91	3.45	3.35	5.91	5.29	4.97	5.20	6.57	6.35
	Capex	(0.21)	(0.45)	(1.12)	(1.07)	(1.09)	(1.07)	(0.85)	(1.33)	(0.48)	(1.16)
	Free cash flow	2.10	2.47	2.33	2.27	4.82	4.21	4.12	3.88	6.08	5.18
	Book value	20.50	25.73	26.12	34.01	39.62	42.33	56.32	60.92	63.78	65.40
	Shares, m	6	6	7	7	7	8	8	10	10	10
Valuation, ×
Valuation, ×	P/E	13.79	9.24	12.23	17.91	12.84	12.22	16.41	11.90	15.24	16.85
	P/S	0.00	0.00	3.48	4.66	4.03	4.52	5.41	3.67	4.40	4.92
	P/B	0.00	2.15	1.78	2.06	1.64	1.71	1.63	1.43	1.55	1.86
	EV/Sales	0.00	0.00	2.40	3.99	2.76	2.22	4.70	2.71	3.29	3.97
	EV/FCF	0.00	4.85	13.79	26.40	9.19	8.45	19.33	16.53	12.21	18.97
Cash, $m
Cash, $m	Operating cash flow	14	18	23	23	44	40	40	53	66	62
	Capex	(1)	(3)	(7)	(7)	(8)	(8)	(7)	(13)	(5)	(11)
	Free cash flow	13	15	16	15	36	32	33	39	61	51
Balance, $m
Balance, $m	Working capital	(81)	(75)	(65)	(127)	(36)	(65)	(168)	6	(59)	4
	Total debt	50	12	12	19	18	18	24	16	12	12
	Net debt	(80)	(90)	(96)	(68)	(153)	(279)	(96)	(231)	(249)	(231)
	Shareholders’ equity	128	162	174	230	295	323	453	620	640	644
Returns, %
Returns, %	ROA	2.27	1.00	1.44	1.32	1.53	1.59	1.36	1.88	1.50	1.58
	ROIC	29.85	21.17	25.66	13.20	21.93	86.58	10.43	15.90	12.73	13.35
	ROE	10.30	10.59	15.15	13.10	14.38	14.60	11.57	13.81	10.36	11.09

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BY Byline Bancorp, Inc.	$1.7B	11.2×	10.4×	+1.37% (above 0%: growing)	+36.36% (above 0%: growing)	−32.50% (below 0%: shrinking)	73.03%	0.00%	Compare
FSUN FirstSun Capital Bancorp	$1.7B	19.0×	15.3×	+88.18% (above 0%: growing)	n/m	+8,383.96% (above 0%: growing)	67.96%	0.00%	Compare
NBHC National Bank Holdings Corporation	$1.7B	15.9×	13.3×	+22.58% (above 0%: growing)	−34.83% (below 0%: shrinking)	+394.28% (above 0%: growing)	71.00%	0.00%	Compare
TCBK TriCo Bancshares	$1.7B	12.4×	12.0×	+4.33% (above 0%: growing)	+27.38% (above 0%: growing)	−17.30% (below 0%: shrinking)	80.35%	0.00%	Compare
BFC Bank First National Corporation	$1.6B	19.2×	15.0×	+44.08% (above 0%: growing)	+29.24% (above 0%: growing)	+152.03% (above 0%: growing)	75.87%	0.00%
LOB Live Oak Bancshares, Inc.	$1.6B	12.1×	12.7×	+6.98% (above 0%: growing)	+47.06% (above 0%: growing)	−45.86% (below 0%: shrinking)	57.30%	0.00%	Compare
QCRH QCR Holdings, Inc.	$1.6B	11.6×	11.5×	+5.68% (above 0%: growing)	+28.65% (above 0%: growing)	+1,791.78% (above 0%: growing)	64.70%	0.00%	Compare
RBCAA Republic Bancorp, Inc.	$1.6B	14.1×	12.4×	+1.88% (above 0%: growing)	+4.32% (above 0%: growing)	−102.32% (below 0%: shrinking)	82.94%	0.00%	Compare
OBK Origin Bancorp, Inc.	$1.6B	16.0×	12.2×	+11.11% (above 0%: growing)	+134.04% (above 0%: growing)	+57.26% (above 0%: growing)	71.20%	0.00%	Compare
Median of peers	$1.6B	13.2×	12.3×	+6.33%	+28.65%	+19.98%	71.10%	0.00%

All 323 Banks Regional stocks →

Bank First National Corporation (BFC) key facts

Strength: Bank First National Corporation’s revenue for fiscal 2025 (year ended December 2025) was $243.9 million, up 7.90% from fiscal 2024.
Strength: Net income was $71.5 million, or $7.23 per share (basic), a net margin of 29.2%.
Bank First National Corporation (BFC) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, BFC traded at $147.60, a market capitalization of $1.6 billion.
At that price the stock trades at 19.2× trailing-twelve-month earnings and 5.6× sales; its P/E is higher than 94% of its own readings over the past ten years.
Bank First National Corporation pays an annual dividend of $2.10 per share, a yield of 1.42%, with a payout ratio of 27.3%.
Return on equity was 11.1% and debt-to-equity 0.03.
Its Piotroski F-score is 8 out of 9 for fiscal 2025.