BFC Stock Analysis: Bank First National | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 1.657m USD | 12M Return: 15.7% | US06211J1007 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 9.65M
EPS Trend: 98.7%
Qual. Beats: 1
Rev. Trend: 98.0%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Bank First Corporation (NASDAQ: BFC) is the holding company for Bank First, N.A., a community bank headquartered in Manitowoc, Wisconsin, that has operated since 1894. The company provides a full range of consumer and commercial financial services to businesses, professionals, and individuals across Wisconsin, operating under a traditional community banking model that emphasizes relationship-based lending and local deposit gathering.
On the funding side, the bank offers checking, savings, money market, cash management, retirement, health savings accounts, certificates of deposit, and other time deposits. On the lending side, it provides commercial real estate, residential mortgage, home equity, commercial and industrial, construction and development, residential 1-4 family, and consumer loans (including installment loans and revolving lines of credit).
In addition to core banking, Bank First offers credit cards, insurance, investment and safekeeping, treasury management, and data processing services, along with online, telephone, and mobile banking channels. The company was renamed from Bank First National Corporation to Bank First Corporation in June 2019, and as a small-cap regional bank in the Financials sector, it competes primarily through local market knowledge and personalized service rather than scale.
- Wisconsin CRE loan portfolio faces regional economic pressure
- Net interest margin expansion drives earnings growth
- Deposit cost competition pressures funding expenses
- Capital allocation via dividends and stock buybacks continues
- Mortgage origination volume sensitive to housing rate trends
| Net Income: 81.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.58 > 1.0 |
| NWC/Revenue: -1.44k% < 20% (prev -1.44k%; Δ -1.23% < -1%) |
| CFO/TA 0.01 > 3% & CFO 57.3m > Net Income 81.1m |
| Net Debt (-770.3m) to EBITDA (111.0m): -6.94 < 3 |
| Current Ratio: 0.17 > 1.5 & < 3 |
| Outstanding Shares: last quarter (11.1m) vs 12m ago 12.61% < -2% |
| Gross Margin: 74.14% > 18% (prev 69.25%; Δ 4.89% > 0.5%) |
| Asset Turnover: 5.65% > 50% (prev 5.39%; Δ 0.27% > 0%) |
| Interest Coverage Ratio: 1.35 > 6 (EBIT TTM 100.7m / Interest Expense TTM 74.7m) |
| A: -0.70 (Total Current Assets 880.0m - Total Current Liabilities 5.07b) / Total Assets 5.95b |
| B: 0.08 (Retained Earnings 450.0m / Total Assets 5.95b) |
| C: 0.02 (EBIT TTM 100.7m / Avg Total Assets 5.16b) |
| D: 0.16 (Book Value of Equity 819.3m / Total Liabilities 5.13b) |
| Altman-Z'' = -4.07 = D |
As of October 06, 2026, the stock is trading at USD 151.22 with a total of 56,020 shares traded. Over the past week, the price has changed by +0.11%, over one month by -2.10%, over three months by +0.34% and over the past year by +15.66%.
Current recommended Stop Loss: 145.70 (which is 3.7% or 1.9 ATR below the current price).
Bank First National has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy BFC.
- StrongBuy: 1
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 163 | 7.8% |
P/E Trailing = 19.3402
P/E Forward = 5.8106
P/S = 7.6292
P/B = 2.0432
P/EG = 0.098
Revenue TTM = 291.5m USD
EBIT TTM = 100.7m USD
EBITDA TTM = 111.0m USD
Long Term Debt = 104.8m USD (from longTermDebt, last quarter)
Short Term Debt = 80.0m USD (from shortTermDebt, last quarter)
Debt = 104.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -770.3m USD (calculated: Debt 104.8m - CCE 875.2m)
Enterprise Value = 887.0m USD (1.66b + Debt 104.8m - CCE 875.2m)
Interest Coverage Ratio = 1.35 (Ebit TTM 100.7m / Interest Expense TTM 74.7m)
EV/FCF = 20.83x (Enterprise Value 887.0m / FCF TTM 42.6m)
FCF Yield = 4.80% (FCF TTM 42.6m / Enterprise Value 887.0m)
FCF Margin = 14.61% (FCF TTM 42.6m / Revenue TTM 291.5m)
Net Margin = 27.80% (Net Income TTM 81.1m / Revenue TTM 291.5m)
Gross Margin = 74.14% ((Revenue TTM 291.5m - Cost of Revenue TTM 75.4m) / Revenue TTM)
Gross Margin QoQ = 75.88% (prev 75.81%)
Tobins Q-Ratio = 0.15 (Enterprise Value 887.0m / Total Assets 5.95b)
Interest Expense / Debt = 71.29% (Interest Expense 74.7m / Debt 104.8m)
Taxrate = 19.51% (19.6m / 100.7m)
NOPAT = 81.1m (EBIT 100.7m * (1 - 19.51%))
Current Ratio = 0.17 (Total Current Assets 880.0m / Total Current Liabilities 5.07b)
Debt / Equity = 0.13 (Debt 104.8m / totalStockholderEquity, last quarter 819.3m)
Debt / EBITDA = -6.94 (Net Debt -770.3m / EBITDA 111.0m)
Debt / FCF = -18.09 (Net Debt -770.3m / FCF TTM 42.6m)
Total Stockholder Equity = 727.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.57% (Net Income 81.1m / Total Assets 5.95b)
RoE = 11.14% (Net Income TTM 81.1m / Total Stockholder Equity 727.8m)
RoCE = 12.10% (EBIT 100.7m / Capital Employed (Equity 727.8m + L.T.Debt 104.8m))
RoIC = 8.57% (NOPAT 81.1m / Invested Capital 945.4m)
WACC = 6.86% (E(1.66b)/V(1.76b) * Re(7.29%) + (debt cost/tax rate unavailable))
Discount Rate = 7.29% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 54.89 | Cagr: 4.14%
[DCF] Terminal Value 73.10% ; FCFF base≈48.2m ; Y1≈42.3m ; Y5≈34.1m
[DCF] Fair Price = 118.9 (EV 548.0m - Net Debt -770.3m = Equity 1.32b / Shares 11.1m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 98.67 | EPS CAGR: 14.69% | SUE: 0.86 | # QB: 1
Revenue Correlation: 97.99 | Revenue CAGR: 16.72% | SUE: 0.94 | # QB: 1
EPS current Quarter (2026-09-30): EPS=2.60 | Chg30d=+2.77% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=9.94 | Chg30d=+0.61% | Revisions=+0% | GrowthEPS=+34.0% | GrowthRev=+52.8%
EPS next Year (2027-12-31): EPS=11.93 | Chg30d=-0.83% | Revisions=+0% | GrowthEPS=+20.0% | GrowthRev=+29.0%
[Analyst] Revisions Ratio: +25% (up=1, down=0)