Overview Dividends

(BFC) Bank First National - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US06211J1007

Checking, Savings, Loans, Mortgages, Treasury

Regional Banks
Market Cap in USD: 1,242m

IPO / Inception: 2002-01-29
Return 12m vs S&P 500: 6.52%

EPS (Earnings per Share)

EPS CAGR: 7.43%
EPS Trend: 71.6%

Last SUE: 1.01
Qual. Beats: 1

Revenue

Rev. CAGR: 21.00%
Rev. Trend: 94.1%

Last SUE: 0.90
Qual. Beats: 1

Dividends

Dividend Yield	4.61%
Yield on Cost 5y	9.27%
Yield CAGR 5y	17.61%
Payout Consistency	93.2%
Payout Ratio	68.8%

Risk via 10d forecast
Volatility	29.2%
Value at Risk 5%th	46.2%
Relative Tail Risk	-3.75%

Reward TTM
Sharpe Ratio	0.74
Alpha	11.75
CAGR/Max DD	0.37

Character TTM
Hurst Exponent	0.411
Beta	0.531
Beta Downside	0.424

Drawdowns 3y
Max DD	31.55%
Mean DD	10.50%
Median DD	9.34%

Description: BFC Bank First National November 15, 2025

Bank First Corp. (NASDAQ:BFC) is a Wisconsin-based regional bank holding company that offers a full suite of consumer and commercial banking services, including checking, savings, money-market, cash-management, retirement, health-savings accounts, and a range of loan products such as residential mortgages, commercial real-estate, construction, and consumer credit. The firm also provides credit cards, insurance, treasury management, and digital banking channels (online, telephone, mobile).

As of the most recent quarter, BFC reported total assets of roughly $2.5 billion and a net interest margin of 3.2%, both modestly above the median for U.S. community banks. Its loan-to-deposit ratio sits near 78%, indicating a balanced funding profile, while loan growth has been driven primarily by small-business working-capital lines, reflecting Wisconsin’s steady, though modest, small-business expansion. The regional-bank sector remains highly sensitive to Federal Reserve policy; a 25-basis-point rate hike typically compresses net interest margins for banks with a high proportion of fixed-rate loan portfolios like BFC.

For a deeper, data-driven look at BFC’s valuation and peer benchmarks, you may find ValueRay’s analyst toolkit useful.

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (70.6m TTM) > 0 and > 6% of Revenue (6% = 14.2m TTM)

FCFTA 0.01 (>2.0%) and ΔFCFTA 0.03pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -1368 % (prev -1567 %; Δ 199.6pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.01 (>3.0%) and CFO 64.3m <= Net Income 70.6m (YES >=105%, WARN >=100%)

Net Debt (95.8m) to EBITDA (94.7m) ratio: 1.01 <= 3.0 (WARN <= 3.5)

Current Ratio 0.11 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (9.83m) change vs 12m ago -1.78% (target <= -2.0% for YES)

Gross Margin 69.66% (prev 67.82%; Δ 1.85pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 5.45% (prev 4.84%; Δ 0.61pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 1.21 (EBITDA TTM 94.7m / Interest Expense TTM 71.8m) >= 6 (WARN >= 3)

Altman Z'' -4.28

(A) -0.73 = (Total Current Assets 414.3m - Total Current Liabilities 3.66b) / Total Assets 4.42b

(B) 0.09 = Retained Earnings (Balance) 403.0m / Total Assets 4.42b

(D) 0.11 = Book Value of Equity 403.0m / Total Liabilities 3.79b

Total Rating: -4.28 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 72.72

1. Piotroski 3.50pt

2. FCF Yield 4.13%

3. FCF Margin 21.96%

4. Debt/Equity 0.23

5. Debt/Ebitda 1.01

6. ROIC - WACC (= 0.70)%

7. RoE 11.18%

8. Rev. Trend 94.05%

9. EPS Trend 71.59%

What is the price of BFC shares?

As of November 30, 2025, the stock is trading at USD 124.73 with a total of 23,060 shares traded.
Over the past week, the price has changed by +1.11%, over one month by -4.36%, over three months by -3.83% and over the past year by +22.28%.

Is BFC a buy, sell or hold?

Bank First National has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy BFC.

Strong Buy: 1
Buy: 0
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the BFC price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	146	17.1%
Analysts Target Price	146	17.1%
ValueRay Target Price	142.1	13.9%

BFC Fundamental Data Overview November 27, 2025

Market Cap USD = 1.24b (1.24b USD * 1.0 USD.USD)
P/E Trailing = 17.353
P/S = 7.3615
P/B = 1.9344
Beta = 0.389
Revenue TTM = 237.4m USD
EBIT TTM = 87.2m USD
EBITDA TTM = 94.7m USD
Long Term Debt = 221.9m USD (from longTermDebt, last quarter)
Short Term Debt = 25.1m USD (from shortTermDebt, last fiscal year)
Debt = 147.4m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 95.8m USD (from netDebt column, last quarter)
Enterprise Value = 1.26b USD (1.24b + Debt 147.4m - CCE 126.2m)
Interest Coverage Ratio = 1.21 (Ebit TTM 87.2m / Interest Expense TTM 71.8m)
FCF Yield = 4.13% (FCF TTM 52.1m / Enterprise Value 1.26b)
FCF Margin = 21.96% (FCF TTM 52.1m / Revenue TTM 237.4m)
Net Margin = 29.76% (Net Income TTM 70.6m / Revenue TTM 237.4m)
Gross Margin = 69.66% ((Revenue TTM 237.4m - Cost of Revenue TTM 72.0m) / Revenue TTM)
Gross Margin QoQ = 70.29% (prev 69.11%)
Tobins Q-Ratio = 0.29 (Enterprise Value 1.26b / Total Assets 4.42b)
Interest Expense / Debt = 11.67% (Interest Expense 17.2m / Debt 147.4m)
Taxrate = 19.94% (4.48m / 22.5m)
NOPAT = 69.8m (EBIT 87.2m * (1 - 19.94%))
Current Ratio = 0.11 (Total Current Assets 414.3m / Total Current Liabilities 3.66b)
Debt / Equity = 0.23 (Debt 147.4m / totalStockholderEquity, last quarter 628.1m)
Debt / EBITDA = 1.01 (Net Debt 95.8m / EBITDA 94.7m)
Debt / FCF = 1.84 (Net Debt 95.8m / FCF TTM 52.1m)
Total Stockholder Equity = 632.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.60% (Net Income 70.6m / Total Assets 4.42b)
RoE = 11.18% (Net Income TTM 70.6m / Total Stockholder Equity 632.1m)
RoCE = 10.21% (EBIT 87.2m / Capital Employed (Equity 632.1m + L.T.Debt 221.9m))
RoIC = 8.81% (NOPAT 69.8m / Invested Capital 791.7m)
WACC = 8.12% (E(1.24b)/V(1.39b) * Re(7.97%) + D(147.4m)/V(1.39b) * Rd(11.67%) * (1-Tc(0.20)))
Discount Rate = 7.97% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -100.0 | Cagr: -2.47%
[DCF Debug] Terminal Value 81.07% ; FCFE base≈51.0m ; Y1≈61.3m ; Y5≈98.5m
Fair Price DCF = 171.1 (DCF Value 1.68b / Shares Outstanding 9.84m; 5y FCF grow 21.54% → 3.0% )
EPS Correlation: 71.59 | EPS CAGR: 7.43% | SUE: 1.01 | # QB: 1
Revenue Correlation: 94.05 | Revenue CAGR: 21.00% | SUE: 0.90 | # QB: 1

Additional Sources for BFC Stock

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