Bank First Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	221.72	189.01	168.82	106.95	93.42
Interest Income on Investments	-	17.4	13.67	9.58	4.96
Total Interest Income	221.72	206.41	182.48	116.53	98.39
Interest Paid on Deposits	70.06	64.17	42.37	10.27	7.53
Interest Paid on Borrowings	-	4.44	6.64	2.18	0.78
Total Interest Expense	70.06	68.61	49	12.45	8.3
Net Interest Income	151.66	137.8	133.48	104.09	90.08
Net Interest Income Growth (YoY)	10.06%	3.24%	28.24%	15.54%	3.74%
Gain (Loss) on Sale of Investments	-	-0.03	31	-	-0
Gain (Loss) on Sale of Equity Investments	3.92	3.5	5.19	5.61	5.14
Other Non-Interest Income	16.5	14.88	13.13	12.53	11.01
Total Non-Interest Income	22.22	19.65	50.21	19.7	23.52
Non-Interest Income Growth (YoY)	13.10%	-60.88%	154.88%	-16.23%	6.30%
Revenues Before Loan Losses	173.88	157.45	183.69	123.79	113.6
Provision for Loan Losses	1.25	-0.8	4.68	2.2	3.1
Revenue	172.63	158.25	179.01	121.59	110.5
Revenue Growth (YoY)	9.09%	-11.60%	47.23%	10.03%	8.51%
Salaries and Employee Benefits	42.48	37.43	36.61	30.29	25.95
Occupancy Expenses	6.97	-	-	-	-
Amortization of Goodwill & Intangibles	5	5.79	6.32	2.32	1.41
Selling, General & Administrative	16.61	24.88	23.35	21.32	16.12
Other Non-Interest Expense	11.71	10.53	10.85	7.45	6.54
Total Non-Interest Expense	83.58	78.73	80.22	61.95	50.53
EBT Excluding Unusual Items	89.05	79.51	98.79	59.63	59.97
Other Unusual Items	-0.88	-	-	-	-
Pretax Income	88.17	79.51	98.79	59.63	59.97
Income Tax Expense	16.67	13.95	24.28	14.42	14.52
Net Income	71.5	65.56	74.51	45.21	45.44
Preferred Dividends & Other Adjustments	-	0.35	0.43	0.33	0.35
Net Income to Common	71.5	65.21	74.09	44.88	45.09
Net Income Growth	9.05%	-12.01%	64.80%	-0.51%	19.45%
Basic Shares Outstanding	10	10	10	8	8
Diluted Shares Outstanding	10	10	10	8	8
Shares Change (YoY)	-1.37%	-1.41%	26.46%	5.55%	2.42%
EPS (Basic)	7.23	6.50	7.28	5.58	5.92
EPS (Diluted)	7.23	6.50	7.28	5.58	5.92
EPS Growth	11.19%	-10.71%	30.48%	-5.70%	16.70%
Dividend Per Share	1.800	1.550	1.150	0.940	0.850
Dividend Growth	16.13%	34.78%	22.34%	10.59%	4.94%
Effective Tax Rate	18.91%	17.54%	24.58%	24.18%	24.22%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.