Bank First Management

Management criteria checks 4/4

Bank First's CEO is Mike Molepske, appointed in Dec 2008, has a tenure of 15.92 years. directly owns 1.19% of the company’s shares, worth $12.20M. The average tenure of the management team and the board of directors is 3.6 years and 4.4 years respectively.

Key information

Mike Molepske

Chief executive officer

US$1.4m

Total compensation

CEO salary percentage	n/a
CEO tenure	15.9yrs
CEO ownership	1.2%
Management average tenure	3.6yrs
Board average tenure	4.4yrs

Recent management updates

Recent updates

Bank First (NASDAQ:BFC) Has Announced That It Will Be Increasing Its Dividend To $0.45

Oct 19

What Type Of Shareholders Own The Most Number of Bank First Corporation (NASDAQ:BFC) Shares?

Mar 13

CEO Compensation Analysis

How has Mike Molepske's remuneration changed compared to Bank First's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$82m
Jun 30 2024	n/a	n/a	US$81m
Mar 31 2024	n/a	n/a	US$79m
Dec 31 2023	US$1m	n/a	US$74m
Sep 30 2023	n/a	n/a	US$52m
Jun 30 2023	n/a	n/a	US$48m
Mar 31 2023	n/a	n/a	US$45m
Dec 31 2022	US$1m	US$582k	US$45m
Sep 30 2022	n/a	n/a	US$43m
Jun 30 2022	n/a	n/a	US$44m
Mar 31 2022	n/a	n/a	US$44m
Dec 31 2021	US$1m	US$565k	US$45m
Sep 30 2021	n/a	n/a	US$45m
Jun 30 2021	n/a	n/a	US$45m
Mar 31 2021	n/a	n/a	US$42m
Dec 31 2020	US$1m	US$551k	US$38m
Sep 30 2020	n/a	n/a	US$34m
Jun 30 2020	n/a	n/a	US$29m
Mar 31 2020	n/a	n/a	US$27m
Dec 31 2019	US$1m	US$533k	US$26m
Sep 30 2019	n/a	n/a	US$25m
Jun 30 2019	n/a	n/a	US$24m
Mar 31 2019	n/a	n/a	US$25m
Dec 31 2018	US$929k	US$425k	US$25m
Sep 30 2018	n/a	n/a	US$23m
Jun 30 2018	n/a	n/a	US$21m
Mar 31 2018	n/a	n/a	US$18m
Dec 31 2017	US$824k	US$413k	US$15m

Compensation vs Market: Mike's total compensation ($USD1.43M) is below average for companies of similar size in the US market ($USD3.21M).

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

CEO

Mike Molepske (63 yo)

15.9yrs

Tenure

US$1,434,645

Compensation

Mr. Michael B. Molepske, also known as Mike, is Chairman of the Board of Bank First Corporation from June 2022. He is Chief Executive Officer of Bank First Corporation (formerly known as Bank First Nationa...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Molepske	CEO & Chairman of the Board	15.9yrs	US$1.43m	1.19% $ 12.2m
Timothy McFarlane	President & Director	1.8yrs	US$460.15k	0.63% $ 6.5m
Kevin LeMahieu	Chief Financial Officer	10.3yrs	US$691.27k	0.22% $ 2.3m
Jason Krepline	Chief Lending Officer	no data	US$581.93k	0.30% $ 3.1m
Kelly Dvorak	Chief Legal Counsel & Company Secretary	7.7yrs	no data	0.072% $ 738.3k
Debbie Weyker	Vice President of Marketing	no data	no data	no data
Brenda Haese	Assistant Vice President of Human Resources	less than a year	no data	no data
Glenn Curran	President of Central Region	5.4yrs	no data	no data
Meghann Kasper	Chief Credit Officer	no data	no data	no data
Jeff Zimmerlee	Chief Retail Officer	no data	no data	no data
Vince Cameranesi	President of South Region	less than a year	no data	no data
Aaron Faulkner	President of Northeast Region	less than a year	no data	no data

3.6yrs

Average Tenure

54.5yo

Average Age

Experienced Management: BFC's management team is considered experienced (3.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Molepske	CEO & Chairman of the Board	15.8yrs	US$1.43m	1.19% $ 12.2m
Timothy McFarlane	President & Director	1.8yrs	US$460.15k	0.63% $ 6.5m
Laura Kohler	Independent Director	2.4yrs	US$80.82k	0.048% $ 498.0k
Robert Gregorski	Independent Director	14.1yrs	US$80.82k	0.34% $ 3.5m
Stephen Johnson	Independent Director	5.8yrs	US$80.82k	0.32% $ 3.3m
Mary-Kay Bourbulas	Lead Independent Director	5.3yrs	US$95.82k	0.070% $ 718.8k
Peter Van Sistine	Independent Director	6.5yrs	US$95.82k	0.078% $ 797.3k
Judy Heun	Independent Director	5.6yrs	US$95.82k	0.034% $ 344.8k
Phillip Maples	Independent Director	3.4yrs	US$80.82k	0.049% $ 499.6k
Daniel McConeghy	Director	less than a year	no data	0.011% $ 112.9k
Erin Davis	Independent Director	less than a year	no data	0.020% $ 205.3k
Michael Stayer-Suprick	Director	less than a year	no data	0.020% $ 208.9k

4.4yrs

Average Tenure

60yo

Average Age

Experienced Board: BFC's board of directors are considered experienced (4.4 years average tenure).

Bank First Management

Management criteria checks 4/4

Key information

Recent management updates

High number of new directors

Bank First Corporation, Annual General Meeting, Jun 17, 2024

President notifies of intention to sell stock

Bank First Corporation Elects Laura E. Kohler as Director

Bank First Corporation, Annual General Meeting, Jun 13, 2022

President recently bought US$70k worth of stock

Recent updates

Price target increased by 7.7% to US$105

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improves as stock rises 16%

High number of new directors

Now 22% undervalued after recent price drop

Bank First (NASDAQ:BFC) Has Announced That It Will Be Increasing Its Dividend To $0.45

Dividend of US$0.45 announced

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Bank First Corporation Approves Quarterly Cash Dividend, Payable on January 6, 2025

Upcoming dividend of US$0.40 per share

Bank First (NASDAQ:BFC) Is Increasing Its Dividend To $0.40

Bank First (NASDAQ:BFC) Will Pay A Larger Dividend Than Last Year At $0.40

Dividend of US$0.40 announced

Price target increased by 15% to US$97.00

Second quarter 2024 earnings: EPS exceeds analyst expectations

Bank First Corporation Approves Quarterly Cash Dividend, Payable on October 9, 2024

Here's Why We Think Bank First (NASDAQ:BFC) Might Deserve Your Attention Today

Upcoming dividend of US$0.35 per share

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

First quarter dividend of US$0.35 announced

Bank First Corporation, Annual General Meeting, Jun 17, 2024

First quarter 2024 earnings released: EPS: US$1.51 (vs US$1.09 in 1Q 2023)

Bank First Corporation Declares Quarterly Cash Dividend, Payable on July 10, 2024

Upcoming dividend of US$0.35 per share

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Bank First (NASDAQ:BFC) Is Increasing Its Dividend To $0.35

Bank First Corporation (NasdaqCM:BFC) announces an Equity Buyback for $30 million worth of its shares.

Bank First (NASDAQ:BFC) Will Pay A Larger Dividend Than Last Year At $0.35

Dividend of US$0.35 announced

Price target increased by 9.7% to US$96.50

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Bank First Corporation Approves Quarterly Cash Dividend, Payable on April 10, 2024

Price target increased by 14% to US$100.00

Upcoming dividend of US$0.30 per share at 1.4% yield

Third quarter 2023 earnings: Revenues and EPS in line with analyst expectations

Bank First Corporation Approves Quarterly Cash Dividend, Payable on January 10, 2024

Upcoming dividend of US$0.30 per share at 1.5% yield

Bank First Approves Quarterly Cash Dividend, Payable on October 4, 2023

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target increased by 11% to US$84.00

Upcoming dividend of US$0.30 per share at 1.4% yield

Investor sentiment improves as stock rises 15%

Consensus EPS estimates fall by 12%

Full year 2022 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of US$0.25 per share at 1.4% yield

President notifies of intention to sell stock

Consensus EPS estimates fall by 11%

Price target decreased to US$87.00

Full year 2022 earnings: EPS and revenues miss analyst expectations

Bank First Corporation Approves Quarterly Cash Dividend, Payable on April 5, 2023

Price target increased to US$97.00

Upcoming dividend of US$0.25 per share

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Bank First Corporation Approves Quarterly Cash Dividend, Payable on January 4, 2023

Upcoming dividend of US$0.25 per share

Bank First Corporation (NasdaqCM:BFC) signed a definitive agreement to acquire Hometown Bancorp, Ltd. for approximately $120 million.

Second quarter 2022 earnings released: EPS: US$1.56 (vs US$1.50 in 2Q 2021)

Bank First Corporation Announces Quarterly Dividend, Payable on October 5, 2022

Bank First GAAP EPS of $1.55 beats by $0.06, revenue of $29.1M beats by $0.28M

Bank First Corporation Elects Laura E. Kohler as Director

Upcoming dividend of US$0.22 per share

First quarter 2022 earnings: EPS misses analyst expectations

Bank First Corporation (NasdaqCM:BFC) announces an Equity Buyback for $30 million worth of its shares.

Bank First Corporation, Annual General Meeting, Jun 13, 2022

Bank First Corporation Approves Quarterly Cash Dividend, Payable on July 6, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Now 21% undervalued

Upcoming dividend of US$0.22 per share

Now 20% undervalued after recent price drop