BFC FY 2025 Earnings Report — Bank First Corporation Revenue & Financial Results | Market Cap Arena

Bank First CorporationBFC

FY 2025 Earnings

Reported February 27, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$240M	—	$223M	—	7.7%
Op. Income	$88M	—	$80M	—	10.9%
Gross Margin	70.3%	—	69.6%	—	0.7pp
Net Margin	29.7%	—	29.4%	—	0.4pp
EPS (Diluted)	$7.23	—	$6.50	—	11.2%
Free Cash Flow	$51M	—	$59M	—	-12.9%

Revenue Flow

Item	Amount
REVENUE	$240M
Cost of Revenue	$71M
GROSS PROFIT	$169M
R&D Expenses	$0
Selling & Marketing	$176.0K
General & Administrative	$56M
SG&A Expenses	$56M
Other Expenses	$25M
Operating Expenses	$81M
Cost & Expenses	$152M
OPERATING INCOME	$88M
Interest Income	$222M
Interest Expense	$70M
Other Income/Expenses	$0
INCOME BEFORE TAX	$88M
Income Tax Expense	$17M
Net Income from Continuing Ops	$71M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$71M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$71M
D&A	$6M
EBIT	$88M
EBITDA	$94M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$240M
Cost of Revenue	$71M
GROSS PROFIT	$169M
R&D Expenses	$0
Selling & Marketing	$176.0K
General & Administrative	$56M
SG&A Expenses	$56M
Other Expenses	$25M
Operating Expenses	$81M
Cost & Expenses	$152M
OPERATING INCOME	$88M
Interest Income	$222M
Interest Expense	$70M
Other Income/Expenses	$0
INCOME BEFORE TAX	$88M
Income Tax Expense	$17M
Net Income from Continuing Ops	$71M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$71M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$71M
D&A	$6M
EBIT	$88M
EBITDA	$94M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$71M
Depreciation & Amortization	$7M
Stock-Based Compensation	$2M
Deferred Income Tax	$180.0K
Other Non-Cash Items	-$14M
Change in Working Capital	-$4M
OPERATING CASH FLOW	$62M
Capital Expenditure	-$11M
Acquisitions (Net)	$0
Purchases of Investments	-$213M
Sales/Maturities of Investments	$287M
Other Investing Activities	-$79M
NET CASH FROM INVESTING	-$16M
Net Debt Issuance	-$26M
Common Stock Repurchased	-$22M
Common Dividends Paid	-$53M
Other Financing Activities	$35M
NET CASH FROM FINANCING	-$65M
FREE CASH FLOW	$51M
Net Change in Cash	-$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$55M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$55M
PP&E (Net)	$79M
Goodwill	$175M
Intangible Assets	$16M
Long-Term Investments	$4.1B
Tax Assets	$20M
Other Non-Current Assets	$94M
TOTAL NON-CURRENT ASSETS	$4.5B
TOTAL ASSETS	$4.5B
Account Payables	$0
Short-Term Debt	$30M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$30M
Long-Term Debt	$92M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$15M
Other Non-Current Liabilities	$3.7B
TOTAL NON-CURRENT LIABILITIES	$3.8B
TOTAL LIABILITIES	$3.9B
Common Stock	$115.0K
Additional Paid-In Capital	$334M
Retained Earnings	$417M
Treasury Stock	-$102M
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$644M
Minority Interest	$0
TOTAL EQUITY	$644M
TOTAL LIABILITIES & EQUITY	$4.5B
Total Debt	$124M
Net Debt	$68M