Bank First Corp (BFC) FY2025 10-K Annual Report
Bank First Corp (BFC) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 27, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Bank First Corp FY2025 10-K Analysis
Business Overview
- • Core business model: Community-focused banking offering retail and commercial financial services across Wisconsin and Illinois with $4.51 billion in assets
- • Strategic acquisition of Centre 1 Bancorp, Inc. completed Jan 1, 2026, enhancing market presence and relationship-based banking model
- • Loan portfolio $3.60 billion, 80.1% of assets; commercial real estate largest segment at $1.78 billion (49.3% of loans)
- • Workforce size steady at ~380 FTE, with 73% female employees and diversity efforts highlighted in hiring and development programs
- • Added Information Technology as sixth strategic priority, emphasizing cybersecurity, data transformation, and digital banking improvements
Management Discussion & Analysis
- • Revenue impacted by $168.8M acquisition of Centre 1 Bancorp on Jan 1, 2026, adding 17 branches and wealth management services
- • No specific YoY revenue or net income figures disclosed in provided text
- • No profitability or margin percentages stated for FY 2026 or prior year for comparison
- • Segment info limited; acquisition expanded Wisconsin/Illinois footprint and added wealth management; insurance segment (Ansay) contributed noninterest income but no numbers given
- • No cash flow, buybacks, dividends, or capex details disclosed
- • Forward-looking focus on integration completion in Q2 2026, operational continuity, client retention, risk, capital, and liquidity discipline
Risk Factors
- • Cybersecurity risk oversight by Board Audit Committee with ISO reporting and annual CRI assessments under SEC incident evaluation rules
- • ISO key-person risk: one individual with 3 years as ISO, 6 years as Enterprise Risk Manager, crucial to cyber risk management
- • Third-party consultant co-sourced relationship for cybersecurity risk management introduces operational reliance outside the company
- • No specific regulatory, geopolitical, competitive, or financial risks detailed in the section provided
Bank First Corp FY2025 Key Financial MetricsXBRL
Revenue
$222M
▲ +7.4% YoY
Net Income
$71M
▲ +9.0% YoY
Net Margin
32.2%
▲ +48bp YoY
ROE
11.1%
▲ +86bp YoY
Total Assets
$4.5B
▲ +0.2% YoY
EPS (Diluted)
$7.23
▲ +11.2% YoY
Operating Cash Flow
$62M
▼ -5.1% YoY
Source: XBRL data from Bank First Corp FY2025 10-K filing on SEC EDGAR. All figures in USD.
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