Bank First Full Year 2024 Earnings: EPS Beats Expectations

Bank First (NASDAQ:BFC) Full Year 2024 Results

Key Financial Results

• Revenue: US$158.2m (down 12% from FY 2023).
• Net income: US$65.2m (down 12% from FY 2023).
• Profit margin: 41% (in line with FY 2023).
• EPS: US$6.50 (down from US$7.28 in FY 2023).

BFC Banking Performance Indicators

• Net interest margin (NIM): 3.65% (down from 3.69% in FY 2023).
• Non-performing loans: 0.24% (up from 0.20% in FY 2023).

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

Bank First EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.4%.

In the last 12 months, the only revenue segment was Full Range of Consumer and Commercial Financial Institution Services contributing US$158.2m. The largest operating expense was General & Administrative costs, amounting to US$62.0m (67% of total expenses). Explore how BFC's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 1.1% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Bank First's balance sheet health.

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