Bank First First Quarter 2024 Earnings: EPS: US$1.51 (vs US$1.09 in 1Q 2023)

Bank First (NASDAQ:BFC) First Quarter 2024 Results

Key Financial Results

• Revenue: US$37.5m (up 11% from 1Q 2023).
• Net income: US$15.4m (up 45% from 1Q 2023).
• Profit margin: 41% (up from 31% in 1Q 2023). The increase in margin was primarily driven by higher revenue.
• EPS: US$1.51 (up from US$1.09 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bank First Earnings Insights

Looking ahead, revenue is expected to decline by 5.0% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 5.8%.

Performance of the American Banks industry.

The company's shares are down 4.3% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Bank First that you need to take into consideration.

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