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Market Cap

US$550.9m

Last Updated

2021/05/06 22:28 UTC

Data Sources

Company Financials +

Executive Summary

Bank First Corporation operates as a holding company for Bank First N.A. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: BFC's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

0.7%

BFC

2.4%

US Banks

-1.7%

US Market


1 Year Return

43.7%

BFC

82.9%

US Banks

51.8%

US Market

Return vs Industry: BFC underperformed the US Banks industry which returned 83.3% over the past year.

Return vs Market: BFC underperformed the US Market which returned 52.8% over the past year.


Shareholder returns

BFCIndustryMarket
7 Day0.7%2.4%-1.7%
30 Day-2.3%6.5%1.5%
90 Day4.5%22.6%3.1%
1 Year45.5%43.7%88.8%82.9%54.4%51.8%
3 Year40.6%35.3%28.3%17.4%63.0%52.8%
5 Year174.4%154.8%115.1%88.1%127.2%101.9%

Long-Term 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

Valuation

Is Bank First undervalued compared to its fair value and its price relative to the market?

1.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BFC ($71.86) is trading below our estimate of fair value ($72.55)

Significantly Below Fair Value: BFC is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BFC is poor value based on its PE Ratio (13x) compared to the US Banks industry average (12.1x).

PE vs Market: BFC is good value based on its PE Ratio (13x) compared to the US market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: BFC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BFC is overvalued based on its PB Ratio (1.8x) compared to the US Banks industry average (1.1x).


Future Growth

How is Bank First forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-8.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BFC's earnings are forecast to decline over the next 3 years (-8.7% per year).

Earnings vs Market: BFC's earnings are forecast to decline over the next 3 years (-8.7% per year).

High Growth Earnings: BFC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BFC's revenue (0.3% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: BFC's revenue (0.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BFC's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Bank First performed over the past 5 years?

22.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BFC has high quality earnings.

Growing Profit Margin: BFC's current net profit margins (38.5%) are higher than last year (34%).


Past Earnings Growth Analysis

Earnings Trend: BFC's earnings have grown significantly by 22.1% per year over the past 5 years.

Accelerating Growth: BFC's earnings growth over the past year (53.5%) exceeds its 5-year average (22.1% per year).

Earnings vs Industry: BFC earnings growth over the past year (53.5%) exceeded the Banks industry 17.2%.


Return on Equity

High ROE: BFC's Return on Equity (13.9%) is considered low.


Financial Health

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


Balance Sheet


Financial Institutions Analysis

Asset Level: BFC's Assets to Equity ratio (9.4x) is low.

Allowance for Bad Loans: BFC has a sufficient allowance for bad loans (141%).

Low Risk Liabilities: 96% of BFC's liabilities are made up of primarily low risk sources of funding.

Loan Level: BFC has an appropriate level of Loans to Assets ratio (78%).

Low Risk Deposits: BFC's Loans to Deposits ratio (90%) is appropriate.

Level of Bad Loans: BFC has an appropriate level of bad loans (0.6%).


Dividend

What is Bank First current dividend yield, its reliability and sustainability?

1.17%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 07 2021Ex Dividend DateJun 22 2021Dividend Pay DateJul 07 202115 days from Ex DividendBuy in the next 45 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: BFC's dividend (1.17%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: BFC's dividend (1.17%) is low compared to the top 25% of dividend payers in the US market (3.42%).


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 (14.8%), BFC's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Mike Molepske (59 yo)

12.42yrs

Tenure

US$1,261,298

Compensation

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 in M...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD1.26M) is about average for companies of similar size in the US market ($USD1.71M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BFC's management team is not considered experienced ( 2 years average tenure), which suggests a new team.


Board Members

Experienced Board: BFC's board of directors are considered experienced (7.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8%.


Top Shareholders

Company Information

Bank First Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bank First Corporation
  • Ticker: BFC
  • Exchange: NasdaqCM
  • Founded: 1894
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$550.861m
  • Shares outstanding: 7.73m
  • Website: https://www.bankfirstwi.bank

Number of Employees


Location

  • Bank First Corporation
  • 402 North 8th Street
  • Manitowoc
  • Wisconsin
  • 54220
  • United States

Listings


Biography

Bank First Corporation operates as a holding company for Bank First N.A. that provides consumer and commercial financial services to businesses, professionals, and consumers in Wisconsin. The company offer...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/06 22:28
End of Day Share Price2021/05/06 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.