Short answer
Bank First Corp (BFC) filed its fiscal 2025 10-K annual report with the SEC on Feb 27, 2026. It reported revenue of $222M (+7.4% year over year) and net income of $71M.
- Top risk flagged: Cybersecurity risk oversight by Board Audit Committee with ISO reporting and annual CRI assessments under SEC incident evaluation rules
FY2025 key financial metrics · XBRL
- Revenue
- $222M
- +7.4% YoY
- Net income
- $71M
- +9.0% YoY
- EPS (diluted)
- $7.23
- +11.2% YoY
- ROE
- 11.1%
- +0.9 pp YoY
- Operating cash flow
- $62M
- −5.1% YoY
Source: XBRL data from the Bank First Corp (BFC) FY2025 10-K on SEC EDGAR. USD.
Bank First Corp FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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 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
- 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
Generated from the filing text; verify against the original. How to read a 10-K
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