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Bank First Corp key statistics and ratios

In fiscal 2025, Bank First Corp had return on equity of 11.1% and a net margin of 41.1%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Net margin31.0%27.6%34.1%32.4%36.0%40.0%36.5%38.9%41.6%41.1%37.2%
Return on equity11.7%10.6%15.2%13.2%14.5%14.7%11.7%13.9%10.4%11.1%11.1%
Return on assets—0.9%1.4%1.3%1.5%1.6%1.4%1.9%1.5%1.6%1.6%
Effective tax rate34.1%36.6%20.6%22.1%23.7%24.2%24.2%24.6%17.5%18.9%19.5%
Dividends ÷ net income24.6%26.4%17.8%20.5%16.2%19.2%17.3%16.0%23.7%73.4%25.4%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

76 /100

Strong moat

How hard Bank First's competitive advantage looks for rivals to wear away, judged from 9 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 19 / 20

    Net income has been a median 1.4% of total assets over 8 years.

  • Durability 20 / 20

    Net margin has been a median 37.2%; its worst year was 30.1%.

  • Discipline 10 / 20

    The diluted share count rose 36.4% over five years; stock-based pay has been a median 1.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (81 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: BFC vs HTBBFC vs FRSTBFC vs GSBC

More: Regional Banks stocks compared, Financials sector, rankings of US companies

Figures from Bank First Corp's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Bank First Corp.