Bank First Q2: Net Income Climbs 46% YoY, Dividend Raised 9.1%
BFC sits 26% above its 52-week low of $115.29.
Summary
Bank First Corp reported Q2 2026 net income of $24.7 million ($2.21 EPS), a 46% increase year-over-year, and raised its quarterly dividend by 9.1% to $0.60 per share. Adjusted EPS was $2.45, reflecting strong operating performance and acquisition benefits.
Key Events · Earnings and Guidance · BFC
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Q2 Net Income Up 46% YoY
Net income of $24.7 million ($2.21 per share) compared to $16.9 million ($1.71 per share) in Q2 2025. Adjusted net income (non-GAAP) was $27.3 million ($2.45 per share), up from $16.7 million ($1.69 per share) a year ago.
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Dividend Increased 9.1%
Board declared a quarterly cash dividend of $0.60 per share, payable October 7, 2026, to shareholders of record September 23, 2026. This is a 9.1% increase from the prior quarter and 33.3% higher than the year-ago quarter.
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Net Interest Margin Expands
Net interest margin (NIM) improved to 4.13% from 3.72% in Q2 2025, driven by higher yields on earning assets and lower deposit costs. Purchase accounting contributed 0.27% to NIM.
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Balance Sheet Growth from Centre Acquisition
Total assets reached $5.95 billion, up $1.44 billion from year-end 2025, primarily due to the Centre acquisition which added $1.48 billion in assets. Loans totaled $4.52 billion, deposits $4.99 billion.
Analysis · BFC · Finance
A 46% year-over-year surge in net income to $24.7 million underscores the payoff from the Centre acquisition and a wider net interest margin. Adjusted EPS of $2.45 beat the prior-year quarter by 45%. Signaling confidence in the integration and capital position, the board raised the quarterly dividend by 9.1% to $0.60 per share. The balance sheet expanded to $5.95 billion, and the bank repurchased $20.4 million in shares during the quarter. Nonperforming assets remain manageable at 0.47% of total assets. The pending Peoples acquisition, expected to close in December 2025, would push assets to approximately $7.5 billion.
At the time of this filing, BFC was trading at $145.60 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.6B. The 52-week trading range was $115.29 to $154.29. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.