Bank First Corporation (BFC)

Bank First Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	185.17	168.82	106.95	93.42	95.27	82.94
Interest Income on Investments	16.14	13.67	9.58	4.96	5.43	6.23
Total Interest Income	201.31	182.48	116.53	98.39	100.7	89.17
Interest Paid on Deposits	60.86	42.37	10.27	7.53	12.47	17.88
Interest Paid on Borrowings	5.3	6.64	2.18	0.78	1.39	1.62
Total Interest Expense	66.16	49	12.45	8.3	13.87	19.5
Net Interest Income	135.16	133.48	104.09	90.08	86.84	69.67
Net Interest Income Growth (YoY)	3.03%	28.24%	15.54%	3.74%	24.64%	10.41%
Gain (Loss) on Sale of Assets	-	-	-	-	1.7	-
Gain (Loss) on Sale of Investments	31.04	31	-	-0	3.23	0.87
Gain (Loss) on Sale of Equity Investments	3.35	5.19	5.61	5.14	5.81	4.73
Other Non-Interest Income	14.22	13.13	12.53	11.01	7.47	5.64
Total Non-Interest Income	49.77	50.21	19.7	23.52	22.13	12.63
Non-Interest Income Growth (YoY)	157.42%	154.88%	-16.23%	6.30%	75.15%	9.84%
Revenues Before Loan Losses	184.92	183.69	123.79	113.6	108.96	82.3
Provision for Loan Losses	0.7	4.68	2.2	3.1	7.13	5.25
Revenue	184.22	179.01	121.59	110.5	101.84	77.05
Revenue Growth (YoY)	26.32%	47.23%	10.03%	8.51%	32.17%	7.51%
Salaries and Employee Benefits	37.58	36.62	30.3	25.95	24.92	21.26
Amortization of Goodwill & Intangibles	6.01	6.32	2.32	1.41	1.64	1.07
Selling, General & Administrative	25.88	25.18	22.42	16.12	17.8	13.91
Other Non-Interest Expense	9.07	9.02	6.35	6.54	5.71	6.03
Total Non-Interest Expense	80.48	80.22	61.95	50.53	50.64	42.76
EBT Excluding Unusual Items	103.74	98.79	59.63	59.97	51.2	34.29
Other Unusual Items	-	-	-	-	-1.32	-
Pretax Income	103.74	98.79	59.63	59.97	49.88	34.29
Income Tax Expense	20.82	24.28	14.42	14.52	11.83	7.6
Net Income	82.92	74.51	45.21	45.44	38.05	26.69
Preferred Dividends & Other Adjustments	0.45	0.43	0.33	0.35	0.29	0.2
Net Income to Common	82.47	74.09	44.88	45.09	37.76	26.49
Net Income Growth	58.07%	64.80%	-0.51%	19.44%	42.53%	4.86%
Basic Shares Outstanding	10	10	8	8	7	7
Diluted Shares Outstanding	10	10	8	8	7	7
Shares Change (YoY)	2.82%	26.46%	5.55%	2.42%	9.93%	1.43%
EPS (Basic)	8.15	7.28	5.58	5.92	5.07	3.91
EPS (Diluted)	8.15	7.28	5.58	5.92	5.07	3.91
EPS Growth	53.70%	30.49%	-5.70%	16.70%	29.53%	2.73%
Dividend Per Share	1.400	1.150	0.940	0.850	0.810	0.800
Dividend Growth	27.27%	22.34%	10.59%	4.94%	1.25%	17.65%
Effective Tax Rate	20.07%	24.58%	24.18%	24.22%	23.72%	22.15%

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