Companies /Financial Services

Bank First Corp

NASDAQ: BFC Banks - Regional
$148.39
▼ $1.83 (−1.22%) today
Markets closed · 8:00pm ET

Q2 2025 Earnings

Reported Jul 18, 2025, 9:00am ET · SEC source
$1.71
Miss −5.26%
EPS · est. $1.81
$41.6M
Miss −5.13%
Revenue · est. $43.9M
−5.3%
Trailing market
BFC vs S&P since report
1 quarter
Consecutive EPS beats

Market Reaction

% change · around the report
0+2%Jul 18Jul 18report 9:00am ETearnings−0.2%+2.2%
0+2%Jul 18Jul 18earnings−0.2%+2.2%
BFC +2.2%S&P 500 −0.2%
0+2%Jul 18Jul 18report 9:00am ETearnings−0.2%+2.2%
0+2%Jul 18Jul 18earnings−0.2%+2.2%
BFC +2.2%NASDAQ −0.2%
0+3%+6%Jul 17Jul 25report 9:00am ETearnings+1.4%+1.2%
0+3%+6%Jul 17Jul 25earnings+1.4%+1.2%
BFC +1.2%S&P 500 +1.4%
0+3%+6%Jul 17Jul 25report 9:00am ETearnings+0.9%+1.2%
0+3%+6%Jul 17Jul 25earnings+0.9%+1.2%
BFC +1.2%NASDAQ +0.9%
+0.31%
Day of report
+0.76%
Next session
+0.13%
One week
−3.31%
30 days

S&P 500 over the same 30 days: +1.95%.

Did BFC Beat Earnings? Q2 2025 Results

Bank First Corporation delivered a softer-than-expected second quarter, with earnings of $1.71 per share falling 5.26% short of the $1.80 consensus estimate and revenue of $41.60 million missing forecasts by 5.13%, while sliding 23.4% from the year-ago period. The primary culprit behind the revenue shortfall was a decline in noninterest income to $4.90 million from $5.90 million a year earlier, reflecting the absence of one-time insurance gains and a negative mortgage servicing rights adjustment, even as net interest income climbed $3.70 million year-over-year to $36.70 million on the back of expanding margins. Net interest margin widened to 3.72% from 3.63%, with June alone touching 3.77%, a trajectory that underpins CEO Mike Molepske's view that continued yield curve normalization should support further margin improvement in coming quarters. The results arrive alongside Bank First's announced all-stock deal to acquire Centre 1 Bancorp for approximately $174.30 million, a transaction that would push the combined institution toward nearly $6 billion in total assets.

Key Takeaways
  • Yield curve normalization benefiting net interest margin
  • New and renewed loans pricing at higher yields
  • Certificates of deposit and other deposits repricing lower
  • Net interest margin expanded to 3.72% from 3.63% year-over-year
  • Total loans grew $151.7 million year-over-year
  • Total deposits grew $195.5 million year-over-year

“Bank First continues to benefit from recent moves towards normalization of the yield curve after an extended period of yield curve inversion. While we pride ourselves on being interest rate neutral, which minimizes the impact of changes in interest rates on our earnings, a normalized yield curve benefits the entire banking industry. If this move towards normalization continues, Bank First should see an improving net interest margin over the coming months and years.”

Bank First CEO, on the earnings call

Forward Guidance & Outlook

CEO Mike Molepske indicated that if the yield curve continues to normalize, Bank First should see an improving net interest margin over the coming months and years. The Bank's NIM trend supports this view, with June 2025 NIM reaching 3.77%, above the full Q2 average of 3.72%.

BFC YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$20.0M$40.0M$54.3M$41.6MRevenue$16.1M$16.9MNet Income$19.8M$20.1MOperating Income
$0$20.0M$40.0MRevenueNet IncomeOperating Income

BFC Revenue by Segment

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Figures from SEC filings and company reports. Not investment advice.