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
22 Apr 26	BuyUS$62,532	Todd Sprang	Individual	450	US$138.96
21 Apr 26	BuyUS$31,509	Michael Stayer-Suprick	Individual	225	US$140.04
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

Insider Trading Volume

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

Ownership Breakdown

What is the ownership structure of BFC?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	1,153,736	10.3%
Institutions	3,916,126	35.1%
General Public	6,093,307	54.6%

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

Top Shareholders

Top 25 shareholders own 36.92% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
6.83%	BlackRock, Inc.	762,199	US$110.6m	10%	no data
5.22%	Richard Molepske	582,547	US$84.6m	1.04%	no data
4.22%	Vanguard Capital Management, LLC	470,978	US$68.4m	0%	no data
3.12%	State Street Global Advisors, Inc.	348,487	US$50.6m	1.31%	no data
2.53%	Geode Capital Management, LLC	282,107	US$41.0m	14.1%	no data
1.92%	Steven Eldred	214,474	US$31.1m	17.6%	no data
1.58%	Merit Financial Group, LLC	176,727	US$25.7m	-0.43%	0.17%
1.43%	Dimensional Fund Advisors LP	159,678	US$23.2m	21.2%	no data
1.22%	Vanguard Portfolio Management, LLC	135,930	US$19.7m	0%	no data
0.93%	BMO Asset Management Corp.	103,836	US$15.1m	0%	no data
0.93%	Michael Molepske	103,652	US$15.0m	0%	no data
0.88%	Northern Trust Global Investments	98,405	US$14.3m	14.4%	no data
0.75%	Charles Schwab Investment Management, Inc.	83,967	US$12.2m	12.3%	no data
0.65%	First Trust Advisors LP	73,036	US$10.6m	9.63%	0.01%
0.61%	Timothy McFarlane	68,646	US$10.0m	0%	no data
0.61%	Vanguard Fiduciary Trust Company	67,807	US$9.8m	18%	no data
0.53%	Creative Planning, LLC	58,680	US$8.5m	-0.01%	0.01%
0.46%	Nicolet Bankshares, Inc.	51,519	US$7.5m	478%	0.25%
0.38%	Stifel Asset Management Corp.	42,467	US$6.2m	-1.98%	0.01%
0.37%	BNY Asset Management	41,817	US$6.1m	3.52%	no data
0.37%	UBS Asset Management AG	41,778	US$6.1m	-27.2%	no data
0.37%	Nicolet Advisory Services, LLC	40,765	US$5.9m	0%	0.38%
0.35%	Robert Gregorski	39,056	US$5.7m	0.12%	no data
0.33%	Wealthcare Advisory Partners LLC	37,359	US$5.4m	-0.59%	0.1%
0.32%	Two Sigma Investments, LP	35,727	US$5.2m	78.1%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/09 21:36
End of Day Share Price	2026/07/09 00:00
Earnings	2026/03/31
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. 1 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