BFC Q3 2025 Earnings
Reported Oct 21, 2025 at 4:01 PM ET · SEC Source
Q3 25 EPS
$1.83
BEAT +1.10%
Est. $1.81
Q3 25 Revenue
$44.3M
BEAT +0.34%
Est. $44.2M
vs S&P Since Q3 25
+6.2%
BEATING MARKET
BFC +16.0% vs S&P +9.8%
Market Reaction
Did BFC Beat Earnings? Q3 2025 Results
Bank First Corporation delivered a solid third quarter, posting earnings per share of $1.83 against a consensus estimate of $1.81, a beat of 1.10%, while revenue of $44.30 million edged past the $44.15 million forecast by 0.34%, even as reported reve… Read more Bank First Corporation delivered a solid third quarter, posting earnings per share of $1.83 against a consensus estimate of $1.81, a beat of 1.10%, while revenue of $44.30 million edged past the $44.15 million forecast by 0.34%, even as reported revenue fell 23.4% year over year. The primary engine behind the quarter's performance was a meaningful expansion in net interest income, which climbed to $38.30 million, up $2.40 million from a year ago, as loan repricing and new originations pushed yields higher while maturing CDs repriced at lower rates, widening the net interest margin to 3.88% from 3.76% in Q3 2024. GAAP net income rose to $18.00 million, or $1.83 per share, compared to $16.60 million, or $1.65 per share, a year earlier, with the improvement coming increasingly from organic margin expansion rather than acquisition-related accretion. Analysts covering the stock carry a buy rating with a median price target of $141.00, and management sees continued loan repricing as a tailwind heading into 2026, when the pending acquisition of First National Bank & Trust in Beloit, Wisconsin is scheduled to close on January 1.
Key Takeaways
- • Mid-single-digit loan expansion driving net interest income growth
- • Loan yield repricing boosted average loan portfolio rate by 10 basis points quarter-over-quarter
- • Maturing CD repricing reduced average cost of interest-bearing liabilities by 7 basis points
- • Net interest margin expanded to 3.88% from 3.72% in Q2 2025 and 3.76% in Q3 2024
- • Higher noninterest income from Ansay & Associates, mortgage loan sales, and positive MSR valuation adjustment
- • Strong asset quality with negligible net loan losses
BFC YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
BFC Revenue by Segment
Business unit performance breakdown
“We are pleased to report that earnings per share through the first three quarters of 2025 increased by nearly 13% compared to the same period last year, despite incurring over $891,000 in merger expenses related to our acquisition of First National Bank & Trust in Beloit Wisconsin, which is scheduled to close on January 1, 2026.”
— Mike Molepske, Q3 2025 Earnings Press Release
BFC Earnings Trends
BFC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BFC EPS Trend
Earnings per share: estimate vs actual
BFC Revenue Trend
Quarterly revenue: estimate vs actual
BFC Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $2.35 | $2.24 | -4.68% | $63.7M | -2.97% |
| Q4 25 BEAT FY | $1.81 | $1.87 | +3.31% | $45.0M | +2.62% |
| FY Full Year | — | $7.23 | — | $171.0M | — |
| Q3 25 BEAT | $1.81 | $1.83 | +1.10% | $44.3M | +0.34% |
| Q2 25 MISS | $1.81 | $1.71 | -5.26% | $41.6M | -5.13% |