Bank First Corporation (BFC)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Bank First Corporation (BFC) trades at $150.72 with AI Score 65/100 (Grade B+). Bank First Corporation operates as the holding company for Bank First N. A. , providing a range of financial services in Wisconsin. Market cap: $1.69B, Sector: Financial services.
Price live · AI analysis from May 10, 2026BFC stock analysis for 2026: Analysts have set a consensus price target of $150.00 for Bank First Corporation, suggesting 0.5% downside from the current price of $150.72. The AI MoonshotScore is 65/100, indicating a bullish outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
BFC: 3/7 perspectives are bullish. Dominant signal: Ray Dalio bullish.
How is this calculated? →Bank First Corporation (BFC) Financial Services Profile
Bank First Corporation, established in 1894 and based in Wisconsin, delivers comprehensive financial services including commercial and consumer banking. With a $1.69B market cap and a focus on community banking, BFC distinguishes itself through a high gross margin of 72.5% and a beta of 0.40, indicating lower volatility compared to its peers.
What Is the Investment Thesis for BFC?
Bank First Corporation presents a compelling investment case due to its established presence in the Wisconsin banking sector, demonstrated by its $1.69B market capitalization. The company's robust profitability, indicated by a 27.7% profit margin and a 72.5% gross margin, suggests efficient operations and effective cost management. A dividend yield of 1.26% provides a steady income stream for investors. Growth catalysts include expansion within its existing Wisconsin footprint and potential strategic acquisitions of smaller community banks. However, investors may want to evaluate the potential impact of interest rate fluctuations on the bank's net interest margin and the competitive pressures from larger regional and national banks. Monitoring loan portfolio quality and regulatory compliance will be crucial for assessing long-term performance.
Based on FMP financials and quantitative analysis
BFC Key Highlights
- Market capitalization of $1.69B, reflecting a substantial regional presence.
- Profit margin of 27.7%, indicating strong profitability compared to the industry average.
- Gross margin of 72.5%, showcasing efficient cost management and revenue generation.
- Dividend yield of 1.26%, providing a steady income stream for investors.
- Beta of 0.40, suggesting lower volatility compared to the broader market.
Who Are BFC's Competitors?
BFC is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| HBNC Horizon Bancorp, Inc. | $19.86 | -0.43% | $1.02B | 37 |
| FULT Fulton Financial Corporation | $24.32 | -0.04% | $4.65B | 95 |
| MBWM Mercantile Bank Corporation | $57.80 | -0.22% | $998.55M | 58 |
| MCHB Mechanics Bank | $16.24 | +0.17% | $3.58B | 71 |
| STLE Steele Bancorp Inc. | $43.25 | +0.22% | $80.38M | 69 |
| NASB NASB Financial, Inc. | $40.30 | +0.00% | $289.22M | 68 |
| ASBA Associated Banc-Corp | $24.48 | -0.21% | $4.04B | 67 |
| SNNF Seneca Bancorp, Inc. | $12.89 | -0.46% | $23.21M | 65 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are BFC's Key Strengths?
- Strong market position in Wisconsin.
- High profit and gross margins.
- Conservative lending practices.
- Experienced management team.
What Are BFC's Weaknesses?
- Limited geographic diversification.
- Reliance on traditional banking products.
- Smaller scale compared to larger regional banks.
- Vulnerability to interest rate fluctuations.
What Could Drive BFC Stock Higher?
- Potential acquisitions of smaller community banks in Wisconsin.
- Implementation of new digital banking initiatives within the next 12 months.
- Expansion of commercial lending activities to support local businesses.
- Launch of new wealth management products and services in the next 6 months.
What Are the Key Risks for BFC?
- Financial-distress signal — its Altman Z-Score of 0.47 sits in the distress zone (elevated bankruptcy risk).
- Interest rate fluctuations impacting net interest margin.
- Competition from larger regional and national banks.
- Economic downturn in Wisconsin affecting loan demand and credit quality.
- Regulatory changes increasing compliance costs.
- Cybersecurity threats compromising customer data and financial systems.
What Are the Growth Opportunities for BFC?
- Expansion within Wisconsin: Bank First can expand its presence within Wisconsin by opening new branches in underserved markets or acquiring smaller community banks. The Wisconsin banking market is characterized by a large number of small to medium-sized banks, presenting opportunities for consolidation. This expansion could increase the bank's deposit base and loan portfolio, driving revenue growth. The timeline for this growth is ongoing, with potential acquisitions occurring within the next 1-3 years.
- Digital Banking Initiatives: Investing in and expanding its digital banking platform can attract younger, tech-savvy customers and improve operational efficiency. Enhancements to mobile banking, online account management, and digital loan applications can drive customer acquisition and retention. The market for digital banking is growing rapidly, with increasing adoption of mobile payment and online banking services. This initiative can be implemented over the next 12-18 months.
- Commercial Lending Growth: Focusing on expanding its commercial lending portfolio, particularly to small and medium-sized businesses in Wisconsin, can drive significant revenue growth. By providing tailored financial solutions and building strong relationships with local businesses, Bank First can capture a larger share of the commercial lending market. The demand for commercial loans is expected to increase as the Wisconsin economy continues to grow. This strategy can yield results within the next 2-3 years.
- Wealth Management Services: Expanding wealth management services to high-net-worth individuals and families in Wisconsin can generate additional fee income and diversify revenue streams. By offering financial planning, investment management, and trust services, Bank First can cater to the growing demand for wealth management solutions. The wealth management market is expected to grow as the population ages and wealth accumulates. This expansion can be phased in over the next 24-36 months.
- Strategic Partnerships: Forming strategic partnerships with local businesses and organizations can enhance Bank First's brand awareness and customer acquisition efforts. By collaborating with real estate developers, insurance agencies, and other businesses, Bank First can reach new customers and offer bundled financial solutions. These partnerships can be established within the next year and contribute to long-term growth.
What Opportunities Does BFC Have?
- Expansion into new markets within Wisconsin.
- Growth in digital banking services.
- Strategic acquisitions of smaller banks.
- Increased demand for wealth management services.
What Threats Does BFC Face?
- Competition from larger regional and national banks.
- Economic downturn in Wisconsin.
- Regulatory changes impacting the banking industry.
- Cybersecurity risks.
What Are BFC's Competitive Advantages?
- Strong local brand recognition in Wisconsin.
- Established relationships with customers and businesses in its operating area.
- Deep understanding of the Wisconsin banking market.
- Conservative lending practices, leading to lower loan losses.
What Does BFC Do?
Bank First Corporation, the holding company for Bank First N.A., has a rich history dating back to its founding in 1894 in Manitowoc, Wisconsin. Originally established to serve the local community, the bank has evolved into a prominent regional financial institution offering a wide array of consumer and commercial financial services. These services cater to businesses, professionals, consumers, associations, individuals, and governmental entities across Wisconsin. Bank First provides traditional banking products such as checking, savings, money market, and retirement accounts, alongside certificates of deposit and residential mortgage products. The company also offers modern conveniences like credit cards, ATM processing, online, telephone, and mobile banking services. Its loan portfolio includes commercial real estate, residential mortgages, commercial and industrial loans, construction and development loans, and various consumer loans. Operating through 21 offices located in Manitowoc, Outagamie, Brown, Winnebago, Sheboygan, Waupaca, Ozaukee, Monroe, and Jefferson counties, Bank First maintains a strong presence in its core markets. The company rebranded from Bank First National Corporation to Bank First Corporation in June 2019, reflecting its growth and strategic evolution.
What Products and Services Does BFC Offer?
- Provides checking and savings accounts to individuals and businesses.
- Offers mortgage and home equity loans.
- Provides commercial and industrial loans for businesses.
- Offers online and mobile banking services.
- Provides wealth management and investment services.
- Offers credit cards and ATM services.
- Provides treasury management services to businesses.
How Does BFC Make Money?
- Generates revenue through interest income from loans.
- Earns fee income from services like wealth management and credit card processing.
- Manages risk through careful loan underwriting and diversification.
- Funds operations through deposits and borrowings.
What Industry Does BFC Operate In?
Bank First Corporation operates within the regional banking sector, which is characterized by increasing consolidation and technological disruption. The industry is influenced by factors such as interest rate movements, regulatory changes, and economic conditions in local markets. Competition comes from larger national banks, regional players, and credit unions. Bank First differentiates itself through its community-focused approach and deep understanding of the Wisconsin market. The regional banking sector is expected to see moderate growth, driven by increasing demand for loans and financial services from small and medium-sized businesses.
Who Are BFC's Key Customers?
- Individuals seeking personal banking services.
- Small and medium-sized businesses requiring commercial loans.
- High-net-worth individuals seeking wealth management services.
- Governmental entities requiring financial services.
FY2026 estForward Outlook
Wall Street analysts project Bank First Corporation revenue of about $263.4M for fiscal 2026, with EPS near $9.69.
Quarterly Financial Performance: Bank First Corporation
Revenue for Bank First Corporation came in at $84.3M during Q1 2026, a 37.3% improvement versus the preceding quarter. The company recorded net income of $20.0M, with diluted EPS of $1.78. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this small-cap Financial Services company. Across the four most recent quarters, BFC averaged $1.80 in diluted EPS.
BFC Valuation & Market Position
With a $1.69B market cap, Bank First Corporation sits in the small-cap segment of the market. Relative to its peer group, BFC's quantitative score of 65/100 is roughly in line with the peer average of 66/100.
ROE 11%Key Financial Metrics
Return on equity for Bank First Corporation stands at 10.8%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.2%, showing how much profit it generates from its asset base. BFC trades at a trailing price-to-earnings ratio of 22.45, above the Financial Services sector average of ~18x. Its free cash flow yield is 1.9%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 4.5%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 6/9Financial Health
Bank First Corporation's Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.47 places it in the distress zone, a signal of elevated financial risk.
Company Profile
Bank First Corporation operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in Manitowoc, US. The company is led by CEO Michael Molepske. BFC has traded publicly since 2003.
BFC Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- BFC's recent insider buying suggests those in the know see long-term value, a reassuring sign for investors.
- The community buzz around BFC highlights potential growth areas, indicating strong market interest and future opportunities.
- Positive sentiment in the community suggests a belief in BFC's management and strategic direction.
- BFC's recent market perception reflects growing confidence in its ability to execute its business plan.
Bear Case
- Lack of significant news or catalysts around BFC might lead to stagnation in the short term.
- Mixed community sentiment indicates uncertainty about BFC's future performance, creating potential volatility.
- Bearish community views reflect concerns about BFC's competitive positioning.
- Recent market developments suggest BFC faces challenges in maintaining its current market share.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · January 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $84M | $20M | $1.78 |
| Q4 2025 | $61M | $18M | $1.87 |
| Q3 2025 | $60M | $18M | $1.83 |
| Q2 2025 | $59M | $17M | $1.71 |
Based on FMP financials and quantitative analysis
BFC Latest News
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New Strong Sell Stocks for May 21st
zacks.com · May 21, 2026
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Bank First to Acquire PSB for $202.9 Million
MT Newswires · May 19, 2026
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Bank First Corporation Signs Agreement to Acquire PSB Holdings, Inc.
PR Newswire · May 19, 2026
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Bank First Enters Merger Agreement To Buy PSB Holdings; Each Outstanding Share Of PSB Common Stock Will Be Converted Into Right To Receive 0.3470 Shares Of Common Stock Of BFC
benzinga · May 19, 2026
BFC Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for BFC.
Price Targets
Consensus target: $150.00
BFC MoonshotScore
What does this score mean?
The MoonshotScore rates BFC's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
New Strong Sell Stocks for May 21st
Bank First to Acquire PSB for $202.9 Million
Bank First Corporation Signs Agreement to Acquire PSB Holdings, Inc.
Bank First Enters Merger Agreement To Buy PSB Holdings; Each Outstanding Share Of PSB Common Stock Will Be Converted Into Right To Receive 0.3470 Shares Of Common Stock Of BFC
Leadership: Michael Molepske
CEO
Michael Molepske serves as the CEO of Bank First Corporation, bringing extensive experience in the financial services industry. His career spans several decades, with a focus on community banking and regional financial institutions. Molepske has held various leadership positions, contributing to strategic planning, risk management, and business development. His expertise includes commercial lending, retail banking, and wealth management. He is actively involved in community initiatives and serves on various boards, reflecting his commitment to local economic development.
Track Record: Under Michael Molepske's leadership, Bank First Corporation has experienced consistent growth and profitability. Key achievements include successful integration of acquired banks, expansion of digital banking services, and enhancement of customer relationships. Molepske has focused on maintaining a strong credit culture and managing risk effectively. The company has achieved significant milestones in terms of asset growth, deposit base expansion, and shareholder value creation during his tenure.
What Investors Ask About Bank First Corporation (BFC) — Financial Services
What does Bank First Corporation do?
Bank First Corporation operates as the holding company for Bank First N.A., providing a comprehensive suite of financial services to individuals, businesses, and governmental entities in Wisconsin. Its core offerings include deposit accounts (checking, savings, money market), loan products (commercial real estate, residential mortgages, commercial and industrial loans), and digital banking services. The company generates revenue primarily through interest income on loans and fee income from various financial services. Bank First focuses on building strong relationships with its customers and supporting the economic growth of the communities it serves.
What do analysts say about BFC stock?
Analyst coverage of Bank First Corporation (BFC) typically focuses on its strong regional presence, consistent profitability, and conservative lending practices. Key valuation metrics such as price-to-earnings ratio and price-to-book ratio are often compared to those of its regional banking peers. Growth considerations include the potential for expansion within Wisconsin, the impact of interest rate movements on net interest margin, and the competitive landscape. Analyst ratings and price targets reflect expectations for future earnings growth and shareholder value creation, based on the company's financial performance and strategic initiatives.
What are the main risks for BFC?
Bank First Corporation faces several key risks, including interest rate risk, credit risk, and regulatory risk. Interest rate risk arises from the potential for changes in interest rates to negatively impact the bank's net interest margin. Credit risk stems from the possibility of borrowers defaulting on their loans, leading to loan losses. Regulatory risk involves the potential for changes in banking regulations to increase compliance costs and restrict business activities. Additionally, the company faces competition from larger regional and national banks, as well as cybersecurity risks that could compromise customer data and financial systems. Effective risk management is crucial for mitigating these challenges and ensuring long-term financial stability.
How sensitive is BFC to interest rate changes?
Bank First Corporation's profitability is sensitive to changes in interest rates, primarily through its net interest margin (NIM). As a traditional bank, BFC relies on the spread between the interest it earns on loans and the interest it pays on deposits. If interest rates rise, the bank's borrowing costs may increase faster than its lending rates, compressing the NIM and reducing profitability. Conversely, if interest rates fall, the NIM may expand. BFC manages this risk by carefully monitoring its asset-liability mix and using hedging strategies to mitigate the impact of interest rate fluctuations. Understanding the bank's interest rate sensitivity is crucial for assessing its financial performance in different economic environments.
What regulatory challenges does Bank First Corporation face?
Bank First Corporation, like all banks, operates under a stringent regulatory environment designed to ensure the safety and soundness of the financial system. Key regulatory challenges include compliance with capital requirements, liquidity standards, and consumer protection laws. The bank must maintain adequate capital reserves to absorb potential losses and meet minimum liquidity ratios to ensure it can meet its obligations. Compliance with regulations such as the Dodd-Frank Act and the Bank Secrecy Act requires significant investment in compliance infrastructure and personnel. Changes in regulations can increase compliance costs and impact the bank's business model. Effective regulatory compliance is essential for maintaining the bank's reputation and avoiding penalties.
What are the key factors to evaluate for BFC?
Bank First Corporation (BFC) holds an AI score of 65/100 (moderate). P/E: 22.5x vs the S&P 500's ~20-25x. Analysts target $150.00 (0%). Not financial advice.
How frequently does BFC data refresh on this page?
BFC prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven BFC's recent stock price performance?
Bank First Corporation (BFC) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong market position in Wisconsin. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available company data and may be subject to change.
- Financial metrics are based on the most recent reporting period.