earnings
confidence high
sentiment neutral
materiality 0.70
Bank First Q3 net income $10.5M ($1.26 EPS); closed Denmark Bancshares acquisition
Bank First Corp
2022-Q3 EPS reported
$4.15
- Net income $10.5M vs $11.2M YoY; EPS $1.26 vs $1.46; pre-tax acquisition costs $4.6M reduced EPS by $0.43.
- Net interest income $27.7M, up $4.2M QoQ; net interest margin 3.63% vs 3.21% prior quarter.
- Closed acquisition of Denmark Bancshares; acquired ~$687.5M assets and $606.5M deposits.
- Quarterly cash dividend $0.25/share declared, 13.6% increase YoY; payable Jan 4, 2023.
- Nonperforming assets 0.18% of total assets, down from 0.28% at year-end 2021.