Bank First Corporation Reports Strong Q3 2025 Financial Results

Bank First Corporation Financial Performance in Q3 2025

Bank First Corporation (NASDAQ: BFC) has announced impressive financial results for the third quarter of 2025, reflecting a strong financial position and continued growth. The net income reached $18.0 million for the quarter, marking an increase from $16.6 million during the same period last year. This performance translates to earnings per share of $1.83, compared to $1.65 a year earlier.

Strong Year-to-Date Earnings

For the first nine months of 2025, Bank First achieved net income of $53.1 million, equating to $5.36 per share. This was a notable increase from $48.0 million, or $4.75 per share, during the prior year's same period. The increase in earnings highlights the effective strategies the bank has implemented as it expands its operations.

Adjusted Earnings Breakdown

When excluding one-time expenses related to acquisitions, the adjusted net income was reported at $18.8 million for the third quarter, which translates to $1.91 per share. This still outpaces the adjusted figure of $16.5 million, or $1.65 per share from the third quarter of the previous year. Over the first nine months of 2025, the adjusted net income totaled $53.8 million, an improvement from $47.6 million during the same timeframe last year.

Growth in Loan Portfolio

Net interest income (NII) for Q3 2025 reached $38.3 million, showing an upward trend from the previous quarter by $1.6 million and an increase from the same quarter last year by $2.4 million. This growth can be attributed to the bank's efficient asset management and increasing loan yields. The net interest margin improved to 3.88%, up from 3.72% in the prior quarter.

Future Outlook and Executive Comments

Mike Molepske, Chairman and CEO of Bank First, expressed satisfaction with the current growth trajectory, highlighting earnings growth even amidst merger-related expenses. As the bank looks forward, it anticipates continued benefits from loan repricing and expansion strategies, enhancing overall profitability.

Balance Sheet Insights

The bank’s total assets stood at $4.42 billion at the end of September 2025, despite a slight decrease from December 2024, reflecting prudent asset management. Total loans were reported at $3.63 billion, demonstrating a healthy increase from the previous year, underscoring ongoing loan demand.

Asset Quality and Provisions

Bank First reported negligible nonperforming assets totalling $13.9 million at the end of the third quarter. The bank maintained a strong asset quality position with provisions for credit losses recorded at $0.7 million, a modest increase from the previous quarter.

Dividend Announcement

The Board of Directors at Bank First has approved a quarterly cash dividend of $0.45 per common share, which is set to be payable on January 7, 2026, to shareholders recorded as of December 24, 2025. This continued commitment to returning value to shareholders reinforces the bank's solid financial footing.

Company Overview

Founded in 1894, Bank First Corporation operates through its subsidiary, Bank First, N.A., offering a range of financial services including loans, deposits, and treasury management across its multiple locations. The bank has a dedicated team of around 366 full-time employees and emphasizes strong community involvement alongside its expansion strategies.

Frequently Asked Questions

What were Bank First's net income figures for Q3 2025?

The net income for Q3 2025 was $18.0 million, up from $16.6 million in Q3 2024.

How much did Bank First earn in the first nine months of 2025?

Bank First reported earnings of $53.1 million for the first nine months of 2025.

What were the adjusted net income figures for Q3 2025?

The adjusted net income for Q3 2025 was $18.8 million.

What improvements were reported in asset quality?

Nonperforming assets were reported at $13.9 million, maintaining a strong asset quality position.

When is the next dividend payment scheduled?

A quarterly cash dividend of $0.45 will be paid on January 7, 2026, to eligible shareholders.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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