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Bank First National Corporation (BFC)
NASDAQ:BFC

Bank First National (BFC) AI Stock Analysis

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Bank First National

(NASDAQ:BFC)

73Outperform
Bank First National's strong revenue growth and strategic expansion efforts are its key strengths. However, challenges with declining profit margins and cash flow issues weigh on the overall score. The stock's valuation is reasonable, and recent corporate recognition and growth initiatives support a positive outlook.

Bank First National (BFC) vs. S&P 500 (SPY)

Bank First National Business Overview & Revenue Model

Company DescriptionBank First National (BFC) is a leading community bank headquartered in the United States, primarily serving Wisconsin and nearby regions. It operates in the financial services sector, offering a comprehensive range of banking products and services tailored to meet the needs of individuals, businesses, and organizations. Key offerings include personal and business banking, mortgage lending, wealth management, and investment services. With a strong focus on customer service and community involvement, BFC strives to support local economies and foster long-term relationships with its clients.
How the Company Makes MoneyBank First National makes money through a variety of revenue streams, primarily centered around its core banking activities. The company earns interest income from loans offered to individuals and businesses, including mortgages, personal loans, and commercial loans. Additionally, BFC generates revenue from non-interest income sources such as service charges on deposit accounts, fees from wealth management and investment services, and transaction fees from card services. The bank also benefits from strategic partnerships with financial technology firms and other institutions to enhance its service offerings and reach. Operational efficiency and prudent risk management play significant roles in the company's profitability, helping to maximize earnings while managing costs and credit risks.

Bank First National Financial Statement Overview

Summary
Bank First National shows strong revenue growth and solid equity, but faces challenges with declining profit margins, increased leverage, and weakened cash flow conversion. Improvement in cash flow management and operational efficiency is needed.
Income Statement
82
Very Positive
Bank First National has demonstrated consistent revenue growth over the years, with a notable increase from $77.65M in 2019 to $206.41M in 2024, reflecting strong growth momentum. The gross profit margin remains high at 100% due to the nature of the banking industry where total revenue equals gross profit. However, the net profit margin has decreased from 41.83% in 2023 to 31.76% in 2024, suggesting increased operational costs or reduced efficiency. EBIT margin remains robust, indicating strong operational performance.
Balance Sheet
78
Positive
The company's balance sheet shows a solid equity base with stockholders' equity increasing from $230.21M in 2019 to $639.68M in 2024. The debt-to-equity ratio has increased, indicating higher leverage, which could pose a risk if not managed carefully. However, the equity ratio remains stable, implying the company is well-capitalized. Return on equity has decreased from 12.02% in 2023 to 10.25% in 2024, reflecting reduced profitability relative to equity.
Cash Flow
65
Positive
Cash flow performance is mixed, with operating cash flow to net income ratio dropping from 0.71 in 2023 to 0.03 in 2024, highlighting potential challenges in converting income to cash. Free cash flow has shrunk significantly, affecting the company’s ability to reinvest or return value to shareholders. The cash flow from operations has decreased substantially, signaling potential liquidity issues.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
206.41M179.01M118.32M108.48M103.15M
Gross Profit
206.41M179.01M118.32M108.48M103.15M
EBIT
206.09M117.22M72.08M59.97M49.88M
EBITDA
0.00107.19M63.61M63.15M53.05M
Net Income Common Stockholders
65.56M74.51M45.21M45.44M38.05M
Balance SheetCash, Cash Equivalents and Short-Term Investments
282.23M247.47M424.38M509.55M207.24M
Total Assets
4.50B4.22B3.66B2.94B2.72B
Total Debt
135.37M51.39M25.43M25.51M40.97M
Net Debt
76.21M-196.07M-93.92M-271.35M-481.00K
Total Liabilities
3.86B3.60B3.21B25.51M40.97M
Stockholders Equity
639.68M619.80M453.10M322.65M294.86M
Cash FlowFree Cash Flow
2.15M39.46M33.14M31.57M35.59M
Operating Cash Flow
2.15M52.95M40.01M40.28M43.96M
Investing Cash Flow
84.56M269.00M-177.81M-93.89M-206.03M
Financing Cash Flow
-51.37M-193.82M-39.71M180.24M245.83M

Bank First National Technical Analysis

Technical Analysis Sentiment
Negative
Last Price101.16
Price Trends
50DMA
101.69
Negative
100DMA
101.72
Negative
200DMA
94.36
Positive
Market Momentum
MACD
0.09
Negative
RSI
47.00
Neutral
STOCH
31.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BFC, the sentiment is Negative. The current price of 101.16 is below the 20-day moving average (MA) of 101.31, below the 50-day MA of 101.69, and above the 200-day MA of 94.36, indicating a neutral trend. The MACD of 0.09 indicates Negative momentum. The RSI at 47.00 is Neutral, neither overbought nor oversold. The STOCH value of 31.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BFC.

Bank First National Risk Analysis

Bank First National disclosed 40 risk factors in its most recent earnings report. Bank First National reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Bank First National Peers Comparison

Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
$1.58B9.8610.44%-3.61%-29.58%
BFBFC
73
Outperform
$1.01B15.6010.36%1.53%19.72%-10.57%
69
Neutral
$1.35B9.6916.67%3.50%-5.00%-14.23%
68
Neutral
$5.18B9.7010.55%5.82%7.84%54.79%
BOBOH
67
Neutral
$2.73B19.819.73%4.08%4.63%-16.29%
67
Neutral
$2.18B17.925.64%2.82%5.40%16.13%
64
Neutral
$14.25B10.268.97%4.33%16.33%-11.91%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
BFC
Bank First National
101.16
19.86
24.43%
BOH
Bank Of Hawaii
68.55
10.10
17.28%
COLB
Columbia Banking System
24.94
7.15
40.19%
SBCF
Seacoast Banking Of Florida
25.73
1.66
6.90%
WABC
Westamerica Bancorporation
50.35
4.12
8.91%
CUBI
Customers Bancorp
50.14
-1.66
-3.20%

Bank First National Corporate Events

Executive/Board Changes
Bank First National Announces Board Member Retirement
Neutral
Mar 3, 2025

Bank First Corporation announced the retirement of Judy L. Heun from its Board of Directors, effective February 25, 2025. Ms. Heun, who joined the board in April 2019, has significantly contributed to the company’s financial oversight and strategic growth, particularly as Chair of the Audit Committee since 2022. Her departure marks the end of a notable tenure that strengthened the bank’s financial position and commitment to responsible growth. Beyond her role at Bank First, Heun has held key leadership positions at Kohler Company and has been actively involved in community service.

Business Operations and StrategyFinancial Disclosures
Bank First National Recognized as One of America’s Best Banks
Positive
Feb 24, 2025

Bank First Corporation announced several developments in its operations, including the opening of a new office in Fond du Lac and plans for a new branch in Sturgeon Bay, set for the second quarter of 2025. The company also highlighted ongoing and upcoming renovations at various branches, reflecting its commitment to enhancing customer experiences. Despite a decrease in net income and earnings per share for 2024, largely due to non-recurring items in 2023, the company maintained strong asset quality and financial health. Forbes recognized Bank First as one of America’s Best Banks for 2025, underscoring its financial strength and commitment to stakeholders.

Stock BuybackBusiness Operations and Strategy
Bank First National Renews $50M Share Repurchase Plan
Neutral
Feb 18, 2025

On February 18, 2025, Bank First Corporation renewed its share repurchase program, allowing for the repurchase of up to $50 million of its common stock over one year. This strategic move is set to potentially impact the company’s stock market performance and provide value to its stakeholders by adjusting the supply of its shares in the market.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.