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Bank First National Corporation

BFC Financial Banks Regional

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%
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% (at or above 15%: strong)
Next Y EPS Growth 13.78%
Next Y revenue growth 8.88%
Next 5Y EPS Growth 17.13% (at or above 15%: strong)

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.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Bank First National Corporation vs peers in Banks Regional (Q) = latest quarter vs a year earlier

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.

Source: company filings (standardised) and stockrow calculations.

Bank First National Corporation (BFC) Latest News

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stockrow.com/BFC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com