Bank First Corp
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
BFC$150.86+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated statements of income
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| · · Years Ended December 31 | |||||||||
| · · 2025 · · 2024 · · 2023 | |||||||||
| · · (In Thousands, except per share amounts) | |||||||||
| Interest income: · · · · · · · · | |||||||||
| Loans, including fees | | $203,659 | | $189,007 | | $168,815 | |||
| Securities: | | | | | | | |||
| Taxable | | 11,323 | | 10,338 | | 8,460 | |||
| Tax-exempt | | 943 | | 964 | | 1,035 | |||
| Other | | 5,790 | | 6,096 | | 4,173 | |||
| Total interest income | | 221,715 | | 206,405 | | 182,483 | |||
| Interest expense: | | | | | | | |||
| Deposits | | 63,650 | | 64,168 | | 42,367 | |||
| Securities sold under repurchase agreements | | — | | 22 | | 1,813 | |||
| Borrowed funds | | 6,407 | | 4,415 | | 4,823 | |||
| Total interest expense | | 70,057 | | 68,605 | | 49,003 | |||
| Net interest income | | 151,658 | | 137,800 | | 133,480 | |||
| Provision for credit losses | | 1,250 | | (800) | | 4,682 | |||
| Net interest income after provision for credit losses | | 150,408 | | 138,600 | | 128,798 | |||
| Noninterest income: | | | | | | | |||
| Service charges | | 8,425 | | 8,043 | | 7,033 | |||
| Income from Ansay | | 3,915 | | 3,502 | | 2,922 | |||
| Income from UFS, LLC (“UFS”) | | — | | — | | 2,265 | |||
| Loan servicing income | | 2,948 | | 2,938 | | 2,860 | |||
| Valuation adjustment on MSR | | | 281 | | | (299) | | | 395 |
| Net gain on sales of mortgage loans | | 1,803 | | 1,298 | | 897 | |||
| Gain on sale of UFS | | | — | | | — | | | 38,904 |
| Other | | 4,848 | | 4,198 | | 2,839 | |||
| Total noninterest income | | 22,220 | | 19,680 | | 58,115 | |||
| Noninterest expense: | | | | | | | |||
| Salaries, commissions, and employee benefits | | 42,475 | | 40,901 | | 40,355 | |||
| Occupancy | | 7,849 | | 5,957 | | 5,670 | |||
| Data processing | | 10,255 | | 9,692 | | 8,011 | |||
| Postage, stationery, and supplies | | 950 | | 932 | | 1,478 | |||
| Net (gain) loss on sales and valuations of OREO | | (159) | | (694) | | 2,133 | |||
| Net loss on sale of securities | | | — | | | 34 | | | 7,901 |
| Advertising | | 176 | | 313 | | 326 | |||
| Charitable contributions | | 972 | | 793 | | 944 | |||
| Federal deposit insurance | | | 2,310 | | | 1,850 | | | 1,831 |
| Outside service fees | | 5,231 | | 4,560 | | 4,519 | |||
| Amortization of intangibles | | 5,003 | | 5,793 | | 6,324 | |||
| Other | | 9,396 | | 8,636 | | 8,627 | |||
| Total noninterest expense | | 84,458 | | 78,767 | | 88,119 | |||
| Income before provision for income taxes | | 88,170 | | 79,513 | | 98,794 | |||
| Provision for income taxes | | 16,674 | | 13,950 | | 24,280 | |||
| Net Income | | $71,496 | | $65,563 | | $74,514 | |||
| Earnings per share - basic | | $7.23 | | $6.50 | | $7.28 | |||
| Earnings per share - diluted | | $7.23 | | $6.50 | | $7.28 | |||
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