Bank First Corporation operates as a holding company for Bank First N.A.
Flawless balance sheet and fair value.
Share Price & News
How has Bank First's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BFC has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: BFC exceeded the US Banks industry which returned 12.1% over the past year.
Return vs Market: BFC underperformed the US Market which returned 20.1% over the past year.
Price Volatility Vs. Market
How volatile is Bank First's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StThe Bank First (NASDAQ:BFC) Share Price Has Gained 177%, So Why Not Pay It Some Attention?
4 weeks ago | Simply Wall StShould You Worry About Bank First Corporation's (NASDAQ:BFC) CEO Pay?
1 month ago | Simply Wall StShould You Be Tempted To Sell Bank First Corporation (NASDAQ:BFC) Because Of Its P/E Ratio?
Is Bank First undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BFC ($63.33) is trading below our estimate of fair value ($95.62)
Significantly Below Fair Value: BFC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BFC is poor value based on its PE Ratio (16.2x) compared to the Banks industry average (12.6x).
PE vs Market: BFC is good value based on its PE Ratio (16.2x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: BFC is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: BFC is overvalued based on its PB Ratio (2x) compared to the US Banks industry average (1.2x).
How is Bank First forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BFC's forecast earnings growth (10.3% per year) is above the savings rate (1.7%).
Earnings vs Market: BFC's earnings (10.3% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: BFC's earnings are forecast to grow, but not significantly.
Revenue vs Market: BFC's revenue (9.8% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: BFC's revenue (9.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BFC's Return on Equity is forecast to be low in 3 years time (11.8%).
How has Bank First performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BFC has high quality earnings.
Growing Profit Margin: BFC's current net profit margins (34.6%) are lower than last year (35.5%).
Past Earnings Growth Analysis
Earnings Trend: BFC's earnings have grown by 17% per year over the past 5 years.
Accelerating Growth: BFC's earnings growth over the past year (4.9%) is below its 5-year average (17% per year).
Earnings vs Industry: BFC earnings growth over the past year (4.9%) underperformed the Banks industry 12.2%.
Return on Equity
High ROE: BFC's Return on Equity (11.8%) is considered low.
Return on Assets
Return on Capital Employed
How is Bank First's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: BFC has a low level of unsold assets or inventory.
Debt Coverage by Assets: BFC's debt is covered by short term assets (assets are 1.6x debt).
Financial Institutions Analysis
Asset Level: BFC's level of assets compared to its equity is low.
Allowance for Bad Loans: BFC has a sufficient allowance for bad loans.
Low Risk Liabilities: BFC's liabilities are made up of primarily low risk sources of funding.
Loan Level: BFC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: BFC's loans are broadly funded by customer deposits.
Level of Bad Loans: BFC has an appropriate level of bad loans (0.3%)
What is Bank First's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BFC's dividend (1.26%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: BFC's dividend (1.26%) is low compared to the top 25% of dividend payers in the US market (3.69%).
Stability and Growth of Payments
Stable Dividend: BFC's dividend payments have been volatile in the past 10 years.
Growing Dividend: BFC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20.4%), BFC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BFC's dividends in 3 years are forecast to be well covered by earnings (19% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Molepske (58yo)
Mr. Michael B. Molepske, also known as Mike, is President and Chief Executive Officer of Bank First Corporation (formerly known as Bank First National Corporation) and Bank First, National Association (the ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD929.08K) is below average for companies of similar size in the US market ($USD1.68M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||5.5yrs||US$387.11k||0.20% $891.7k|
|General Counsel & Company Secretary||0yrs||no data||no data|
|Senior VP of Treasury Management||0.8yrs||no data||no data|
|Senior VP & Market Manager for Oshkosh||0.7yrs||no data||no data|
|Senior Vice President of Business Banking.||0.6yrs||no data||no data|
|Senior VP & Sheboygan Market President||0.5yrs||no data||no data|
|Senior Vice President of Retail Banking||0.5yrs||no data||no data|
|Senior Vice President of Business Banking for the Central Region||0yrs||no data||no data|
|VP & Plymouth Market President||0.5yrs||no data||no data|
Experienced Management: BFC's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.
|Independent Director||28.1yrs||US$47.15k||0.14% $606.4k|
|Chairman of the Board||7.1yrs||US$57.15k||1.0% $4.5m|
|Independent Director||14.1yrs||US$47.15k||0.12% $553.4k|
|Independent Director||9.7yrs||US$47.15k||1.07% $4.8m|
|Director||1.1yrs||no data||no data|
|Independent Director||1.8yrs||US$38.74k||0.075% $335.7k|
|Independent Director||0.8yrs||no data||0.00028% $1.3k|
Experienced Board: BFC's board of directors are considered experienced (8.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BFC insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.
Bank First Corporation's company bio, employee growth, exchange listings and data sources
- Name: Bank First Corporation
- Ticker: BFC
- Exchange: NasdaqCM
- Founded: 1894
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$448.676m
- Shares outstanding: 7.08m
- Website: https://www.bankfirstwi.bank
Number of Employees
- Bank First Corporation
- 402 North 8th Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BFC||NasdaqCM (Nasdaq Capital Market)||Yes||Common Stock||US||USD||Jun 2003|
|42H||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jun 2003|
Bank First Corporation operates as a holding company for Bank First N.A. that provides consumer and commercial financial services to individuals and businesses in northeastern and western Wisconsin. The company offers demand, time, and savings deposits; and checking, certificates of deposit, retirement, health savings, cash management, and money market accounts. Its loan products include home equity, residential 1-4 family, and installment and consumer loans; mortgage loans; and business loans, such as equipment and business expansion, real estate, construction and development, government guaranteed, and agricultural loans, as well as working capital lines of credit. The company also provides credit cards; electronic banking and safekeeping services; and insurance agency, and ATM processing, as well as data processing and information technology services. In addition, it offers treasury management services. As of June 26, 2019, the company had 19 branches in Manitowoc, Brown, Sheboygan, Outagamie, Winnebago, Waupaca, and Barron counties. The company was formerly known as Bank First National Corporation and changed its name to Bank First Corporation in June 2019. Bank First Corporation was founded in 1894 and is headquartered in Manitowoc, Wisconsin.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/18 00:07|
|End of Day Share Price||2020/02/14 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.