Bank First Corporation (BFC) Stock

Bank First Corporation (BFC) is a Financials stock trading at $152.32 (as of 2026-08-20), with a market capitalization of $1.69B and a trailing P/E of 20.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Bank First Corporation is a holding company for Bank First N.A., which provides consumer and commercial banking services in Wisconsin. Its offerings include deposit products, residential mortgage and other loan types, cash management and treasury services, credit cards and ATM processing, insurance and investment/safekeeping, and online, telephone, and mobile banking.

Understand Bank First Corporation: how it makes money

Bank First Corporation is a Wisconsin-focused bank holding company that provides consumer and commercial financial services, and it makes money primarily from lending related interest income and from fees tied to banking, cash management, treasury, investment and safekeeping services.

As a traditional bank, profitability is structurally driven by the spread between what it earns on customer loans and investments (including residential mortgage products) and what it pays for customer deposits, with additional contribution from fee-based services such as cash management, treasury management, ATM processing, and investment and safekeeping.

Business quality (Strong): The company profile and product set are clear, but the provided data includes no segment breakdown and no credit or net interest operating metrics, so it is harder to directly assess the operating drivers behind earnings beyond overall operating margin.

Valuation: At 20× earnings, BFC trades 61% above the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Broad set of retail and business banking products: The company offers deposits and accounts (checking, savings, money market, CDs, and health savings accounts), credit products (including credit cards), and residential mortgage products, plus services like cash management, treasury management, ATM processing, and investment and safekeeping.
  • Operational footprint and staffing: With 26 banking locations and 357 full-time equivalent employees reported for the latest period, the company has a defined customer access and service capacity to support its banking and service offerings.

Bear case

  • Bank earnings are exposed to credit and rate conditions: Like other banks, performance can be pressured by borrower credit stress and by changes in interest rate dynamics that affect the relationship between loan yields and deposit costs.
  • Limited provided operating metrics: The provided facts include operating margin but not key banking performance measures such as deposit mix, net interest income trends, or asset quality metrics, which makes it difficult to pinpoint the exact drivers of profitability.
Valuation — source: SEC EDGAR (first-party)
Price$152.32
Market Cap$1.69B
P/E Ratio20.4
EV / EBITDA13.9
Price / Book2.06
Price / Sales6.07
FCF Yield-0.3%
DCF Value (model)$119.32
DCF Upside vs Price-21.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$221.72M
Net Margin32.2%
Revenue Growth (YoY)7.4%
EPS Growth (YoY)11.2%
FCF Growth (YoY)-12.9%
Valuation vs Sector & Industry
Stock P/E20.4
Sector P/E (Financials)15.1
Industry P/E (Banking)12.9
vs Sector35.0%
vs Industry58.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($102.94M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEOMichael Molepske
Employees362
CountryUS
IPO Date2003-10-15

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BFC earnings history · BFC institutional & insider holders · BFC KPIs & operating metrics · BFC financials · BFC investor presentations & press releases · BFC SEC filings · BFC peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.