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Bank First Corp (BFC) Stock Fundamental Analysis & AI Rating 2026

BFC Nasdaq National Commercial Banks WI CIK: 0001746109
Updated This Month • Analysis: Mar 20, 2026 • SEC Data: 2025-12-31
📅 Next earnings: Apr 21, 2026 (in 5 days) • TBD ET • EPS est. $2.40 (vs $1.82 prior year) • All earnings →
Combined AI Rating
BUY
76% Confidence
STRONG AGREEMENT
BUY
72% Conf
BUY
81% Conf

📊 BFC Key Takeaways

Revenue: $221.7M
Net Margin: 32.2%
Free Cash Flow: $51.0M
Current Ratio: N/A
Debt/Equity: 0.00x
EPS: $7.23
AI Rating: BUY with 72% confidence
Bank First Corp (BFC) receives a BUY rating with 76% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $221.7M, net profit margin of 32.2%, and return on equity (ROE) of 11.1%, Bank First Corp demonstrates strong fundamentals in the Finance sector. Below is our complete BFC stock analysis for 2026.

Is Bank First Corp (BFC) a Good Investment?

Claude

Bank First Corp demonstrates solid fundamental strength with exceptional profitability margins (32.2% net margin), strong revenue growth (+46.2% YoY), and healthy free cash flow generation ($51M). The company maintains a fortress balance sheet with minimal leverage (0.00x debt/equity) and adequate interest coverage (5.5x), though ROE of 11.1% suggests moderate capital efficiency for a banking institution.

ChatGPT

Bank First Corp shows solid core fundamentals, with strong profitability, healthy returns on assets and equity, and very low long-term leverage. Revenue growth was exceptionally strong, but the fact that net income was nearly flat suggests some margin pressure or higher costs, so the growth quality is good but not flawless.

Why Buy Bank First Corp Stock? BFC Key Strengths

Claude
  • + Exceptional net profit margin of 32.2% indicating superior operational efficiency
  • + Robust revenue growth of 46.2% YoY demonstrates strong business momentum
  • + Conservative capital structure with virtually no debt (0.00x debt/equity ratio)
  • + Solid free cash flow of $51M (23% FCF margin) supporting sustainability
  • + Strong operating margin of 39.8% showing pricing power and cost control
  • + Minimal long-term debt of only $2.5M indicates financial flexibility
ChatGPT
  • + Strong profitability with 39.8% operating margin and 32.2% net margin
  • + Healthy balance sheet with $643.84M of equity, $243.21M of cash, and minimal long-term debt
  • + Positive cash generation with $51.04M of free cash flow and a 23.0% FCF margin

BFC Stock Risks: Bank First Corp Investment Risks

Claude
  • ! ROE of 11.1% is below peer expectations for commercial banks, suggesting suboptimal capital deployment
  • ! ROA of 1.6% is relatively modest for a financial institution
  • ! High insider trading activity (17 Form 4 filings in 90 days) warrants monitoring for potential distribution signals
  • ! Revenue growth sustainability unclear given the 46.2% YoY rate may not be repeatable
  • ! Limited diversity in available financial metrics constrains deeper operational analysis
ChatGPT
  • ! Net income growth of only 0.5% lagged far behind revenue growth, indicating weaker earnings conversion
  • ! Interest coverage of 5.5x is adequate but not especially strong if funding costs remain elevated
  • ! Key bank risk indicators such as credit quality, nonperforming assets, and deposit mix are not provided here

Key Metrics to Watch

Claude
  • * Net Interest Margin (NIM) trends and deposit composition
  • * Loan loss provisions and asset quality metrics
  • * ROE trajectory - critical indicator for banking sector fundamentals
  • * Insider transaction patterns and potential capital allocation signals
  • * Operating leverage sustainability as revenue base matures
ChatGPT
  • * Net interest margin and efficiency ratio
  • * Credit quality trends including nonperforming assets and charge-offs

Bank First Corp (BFC) Financial Metrics & Key Ratios

Revenue
$221.7M
Net Income
$71.5M
EPS (Diluted)
$7.23
Free Cash Flow
$51.0M
Total Assets
$4.5B
Cash Position
$243.2M

💡 AI Analyst Insight

The 23.0% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.

BFC Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 39.8%
Net Margin 32.2%
ROE 11.1%
ROA 1.6%
FCF Margin 23.0%

BFC vs Finance Sector: How Bank First Corp Compares

How Bank First Corp compares to Finance sector averages

Net Margin
BFC 32.2%
vs
Sector Avg 25.0%
BFC Sector
ROE
BFC 11.1%
vs
Sector Avg 12.0%
BFC Sector
Current Ratio
BFC 0.0x
vs
Sector Avg 1.2x
BFC Sector
Debt/Equity
BFC 0.0x
vs
Sector Avg 2.0x
BFC Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Bank First Corp Stock Overvalued? BFC Valuation Analysis 2026

Based on fundamental analysis, Bank First Corp appears fundamentally strong relative to the Finance sector in 2026.

Return on Equity
11.1%
Sector avg: 12%
Net Profit Margin
32.2%
Sector avg: 25%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 2x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Bank First Corp Balance Sheet: BFC Debt, Cash & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
0.00x
Debt/Assets
85.7%
Interest Coverage
5.54x
Long-term Debt
$2.6M

BFC Revenue & Earnings Growth: 5-Year Financial Trend

BFC 5-year financial data:
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Bank First Corp's revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $7.28 reflects profitable operations.

BFC Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
23.0%
Free cash flow / Revenue

Bank First Corp Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$62.5M
Cash generated from operations
Stock Buybacks
$22.0M
Shares repurchased (TTM)
Capital Expenditures
$11.4M
Investment in assets
Dividends Paid
$52.5M
Returned to shareholders

BFC SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Bank First Corp (CIK: 0001746109)

📋 Recent SEC Filings

Date Form Document Action
Apr 10, 2026 4 xslF345X06/tm2611615-1_4seq1.xml View →
Mar 19, 2026 4 xslF345X06/tm268391-9_4seq1.xml View →
Mar 10, 2026 4 xslF345X05/tm268391-14_4seq1.xml View →
Mar 10, 2026 4 xslF345X05/tm268391-13_4seq1.xml View →
Mar 10, 2026 4 xslF345X05/tm268391-12_4seq1.xml View →

Frequently Asked Questions about BFC

What is the AI rating for BFC?

Bank First Corp (BFC) has a Combined AI Rating of BUY from Claude (BUY) and ChatGPT (BUY) with 76% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are BFC's key strengths?

Claude: Exceptional net profit margin of 32.2% indicating superior operational efficiency. Robust revenue growth of 46.2% YoY demonstrates strong business momentum. ChatGPT: Strong profitability with 39.8% operating margin and 32.2% net margin. Healthy balance sheet with $643.84M of equity, $243.21M of cash, and minimal long-term debt.

What are the risks of investing in BFC?

Claude: ROE of 11.1% is below peer expectations for commercial banks, suggesting suboptimal capital deployment. ROA of 1.6% is relatively modest for a financial institution. ChatGPT: Net income growth of only 0.5% lagged far behind revenue growth, indicating weaker earnings conversion. Interest coverage of 5.5x is adequate but not especially strong if funding costs remain elevated.

What is BFC's revenue and growth?

Bank First Corp reported revenue of $221.7M.

Does BFC pay dividends?

Bank First Corp pays dividends, with $52.5M distributed to shareholders in the trailing twelve months.

Where can I find BFC SEC filings?

Official SEC filings for Bank First Corp (CIK: 0001746109) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is BFC's EPS?

Bank First Corp has a diluted EPS of $7.23.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is BFC a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Bank First Corp has a BUY rating with 76% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is BFC stock overvalued or undervalued?

Valuation metrics for BFC: ROE of 11.1% (sector avg: 12%), net margin of 32.2% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.

Should I buy BFC stock in 2026?

Our dual AI analysis gives Bank First Corp a combined BUY rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is BFC's free cash flow?

Bank First Corp's operating cash flow is $62.5M, with capital expenditures of $11.4M. FCF margin is 23.0%.

How does BFC compare to other Finance stocks?

Vs Finance sector averages: Net margin 32.2% (avg: 25%), ROE 11.1% (avg: 12%), current ratio N/A (avg: 1.2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 20, 2026 | Data as of: 2025-12-31 | Powered by Claude AI