Bank First Corporation (BFC)

Bank First Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	206.41	168.82	106.95	93.42	95.27
Interest Income on Investments	-	13.67	9.58	4.96	5.43
Total Interest Income	206.41	182.48	116.53	98.39	100.7
Interest Paid on Deposits	68.61	42.37	10.27	7.53	12.47
Interest Paid on Borrowings	-	6.64	2.18	0.78	1.39
Total Interest Expense	68.61	49	12.45	8.3	13.87
Net Interest Income	137.8	133.48	104.09	90.08	86.84
Net Interest Income Growth (YoY)	3.24%	28.24%	15.54%	3.74%	24.64%
Gain (Loss) on Sale of Assets	-	-	-	-	1.7
Gain (Loss) on Sale of Investments	-0.03	31	-	-0	3.23
Gain (Loss) on Sale of Equity Investments	3.5	5.19	5.61	5.14	5.81
Other Non-Interest Income	14.88	13.13	12.53	11.01	7.47
Total Non-Interest Income	19.65	50.21	19.7	23.52	22.13
Non-Interest Income Growth (YoY)	-60.88%	154.88%	-16.23%	6.30%	75.15%
Revenues Before Loan Losses	157.45	183.69	123.79	113.6	108.96
Provision for Loan Losses	-0.8	4.68	2.2	3.1	7.13
Revenue	158.25	179.01	121.59	110.5	101.84
Revenue Growth (YoY)	-11.60%	47.23%	10.03%	8.51%	32.17%
Salaries and Employee Benefits	40.9	36.62	30.3	25.95	24.92
Occupancy Expenses	5.96	-	-	-	-
Amortization of Goodwill & Intangibles	5.79	6.32	2.32	1.41	1.64
Selling, General & Administrative	17.3	25.18	22.42	16.12	17.8
Other Non-Interest Expense	8.68	9.02	6.35	6.54	5.71
Total Non-Interest Expense	78.73	80.22	61.95	50.53	50.64
EBT Excluding Unusual Items	79.51	98.79	59.63	59.97	51.2
Other Unusual Items	-	-	-	-	-1.32
Pretax Income	79.51	98.79	59.63	59.97	49.88
Income Tax Expense	13.95	24.28	14.42	14.52	11.83
Net Income	65.56	74.51	45.21	45.44	38.05
Preferred Dividends & Other Adjustments	-	0.43	0.33	0.35	0.29
Net Income to Common	65.56	74.09	44.88	45.09	37.76
Net Income Growth	-12.01%	64.80%	-0.51%	19.44%	42.53%
Basic Shares Outstanding	10	10	8	8	7
Diluted Shares Outstanding	10	10	8	8	7
Shares Change (YoY)	-0.88%	26.46%	5.55%	2.42%	9.93%
EPS (Basic)	6.50	7.28	5.58	5.92	5.07
EPS (Diluted)	6.50	7.28	5.58	5.92	5.07
EPS Growth	-10.69%	30.49%	-5.70%	16.70%	29.53%
Dividend Per Share	1.550	1.150	0.940	0.850	0.810
Dividend Growth	34.78%	22.34%	10.59%	4.94%	1.25%
Effective Tax Rate	17.54%	24.58%	24.18%	24.22%	23.72%

Source: S&P Capital IQ. Banks template. Financial Sources.