M&A
confidence high
sentiment neutral
materiality 0.60
Bank First Corporation completes merger with Denmark Bancshares; files financials
Bank First Corp
- Merger closed Aug 15, 2022; DBI and its bank merged into BFC and Bank First, N.A.
- DBI 2021 net income $6.5M ($2.07 EPS) vs 2020 $3.9M ($1.22 EPS); net interest income $20.3M.
- DBI Dec 31, 2021: total assets $687.6M, loans $479.1M, deposits $614.5M.
- Pro forma combined financials filed for BFC as of Dec 31, 2021 and June 30, 2022.