Bank First Corp
Bank First Corp (BFC) is listed on NASDAQ and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in Manitowoc, United States and has 554 employees. The company is worth $1.64B and trades at 19.2x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $173.88M in fiscal 2025, up 10.4% from the year before. Net income was $71.5M. The share price is 7.2% below its 52-week high of $159.10. It pays a dividend yielding 1.62%. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Renaissance Technologies, at $2.98M. In that quarter, 3 of them reduced the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +110.3% over 5Y.
today you would have $2,308.40▲ +130.8%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 10 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $121.82 | $99.09 | $86.66 | $92.82 | $72.24 | $64.82 | $70.01 | $46.60 | $44.70 | $33.33 | |
| P/E | 14.6x | 16.8x | 15.2x | 11.9x | 16.6x | 12.2x | 12.8x | 18.1x | 12.2x | 18.3x | 13.9x |
| P/S | 5.1x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 7.4% a year plus a 1.6% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 14.6 across this company’s own years on record.
Cash flow growing 7.4% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 5.5% a year against a 7.0% required return, from the stock’s beta.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| OBKOrigin Bancorp, Inc. | $53.03 | 16.7x | 1.3x | 1.89% | 8.02% | $1.64B |
| CNOBConnectOne Bancorp, Inc. | $32.82 | 10.0x | 1.1x | 2.38% | 10.25% | $1.65B |
| LOBLive Oak Bancshares, Inc. | $35.71 | 12.4x | 1.4x | 0.34% | 11.68% | $1.65B |
| TOPTOP Financial Group Ltd | $13.42 |
| 7.8x |
| 6.3x |
| 4.6x |
| 7.9x |
| 4.8x |
| 4.7x |
| 6.0x |
| 4.1x |
| 5.5x |
| 4.3x |
| P/B | 1.7x | 2.1x | 1.5x | 1.4x | 2.1x | 1.7x | 1.7x | 2.2x | 1.8x | 1.9x | 1.6x |
| EPS | $7.23 | $6.50 | $7.28 | $5.58 | $5.92 | $5.07 | $3.87 | $3.81 | $2.44 | $2.40 |
| Dividend yield | 1.45% | 4.35% | 1.56% | 1.33% | 1.01% | 1.58% | 1.25% | 1.14% | 1.46% | 1.43% | 1.77% |
| Payout | 19.96% | 73.31% | 23.85% | 15.80% | 16.85% | 19.26% | 15.98% | 20.67% | 17.85% | 26.23% | 24.58% |
| Profit margin | 36.26% | 41.12% | 41.63% | 38.89% | 36.53% | 40.00% | 35.99% | 32.44% | 34.12% | 27.56% | 31.04% |
| ROE | 11.64% | 11.10% | 10.25% | 12.02% | 9.98% | 14.08% | 12.90% | 11.60% | 14.60% | 9.47% | 11.69% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+29.2% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| — |
| 3.2x |
| 0.00% |
| -3.83% |
| $1.66B |
| FSUNFirstsun Capital Bancorp | $37.95 | 22.7x | 1.0x | 0.00% | 3.19% | $1.67B |
| OCFCOceanfirst Financial Corp | $16.62 | 20.0x | 0.7x | 4.81% | 2.37% | $1.61B |