Bank First Ownership

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

Recent Insider Transactions

NasdaqCM:BFC Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
11 Feb 26	SellUS$2,375,760	Steven Eldred	Individual	16,000	US$151.95
27 Jan 26	BuyUS$21,159	Todd Sprang	Individual	150	US$141.06
19 Aug 25	BuyUS$50,295	Michael Stayer-Suprick	Individual	410	US$122.67
04 Mar 25	BuyUS$40,174	Daniel McConeghy	Individual	380	US$105.72

Insider Trading Volume

Insider Buying: BFC insiders have sold more shares than they have bought in the past 3 months.

Ownership Breakdown

What is the ownership structure of BFC?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	1,098,521	9.79%
Institutions	3,707,456	33.1%
General Public	6,411,624	57.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 35.34% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
6.18%	BlackRock, Inc.	692,746	US$101.7m	-0.2%	no data
5.34%	The Vanguard Group, Inc.	598,817	US$87.9m	1.71%	no data
5.14%	Richard Molepske	576,547	US$84.6m	0%	no data
3.07%	State Street Global Advisors, Inc.	343,994	US$50.5m	-18.5%	no data
2.2%	Geode Capital Management, LLC	247,275	US$36.3m	3.48%	no data
1.63%	Steven Eldred	182,456	US$26.8m	0%	no data
1.58%	Merit Financial Group, LLC	177,497	US$26.1m	0.06%	0.2%
1.17%	Dimensional Fund Advisors LP	131,725	US$19.3m	23.1%	no data
0.93%	BMO Asset Management Corp.	103,838	US$15.2m	-0.06%	no data
0.92%	Michael Molepske	102,909	US$15.1m	0%	no data
0.77%	Northern Trust Global Investments	86,016	US$12.6m	-6.36%	no data
0.67%	Charles Schwab Investment Management, Inc.	74,764	US$11.0m	-1.02%	no data
0.59%	First Trust Advisors LP	66,620	US$9.8m	112%	0.01%
0.59%	Timothy McFarlane	65,853	US$9.7m	0%	no data
0.52%	Creative Planning, LLC	58,686	US$8.6m	-5.53%	0.01%
0.51%	UBS Asset Management AG	57,406	US$8.4m	13.9%	no data
0.47%	Renaissance Technologies LLC	52,455	US$7.7m	-29.6%	0.01%
0.46%	Jonathan Roberts Advisory Group, Inc.	52,045	US$7.6m	0%	0.15%
0.43%	American Century Investment Management Inc	47,957	US$7.0m	-43.1%	no data
0.4%	Morgan Stanley	44,424	US$6.5m	-13.9%	no data
0.39%	Stifel Asset Management Corp.	43,323	US$6.4m	0%	0.01%
0.36%	Nicolet Advisory Services, LLC	40,765	US$6.0m	-9.86%	0.4%
0.36%	BNY Asset Management	40,396	US$5.9m	-3.5%	no data
0.34%	Robert Gregorski	38,603	US$5.7m	0%	no data
0.34%	Wealthcare Advisory Partners LLC	37,580	US$5.5m	0.07%	0.11%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/02/18 14:26
End of Day Share Price	2026/02/18 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bank First Corporation is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Brendan Nosal	Hovde Group, LLC
Nathan Race	Piper Sandler Companies