secwatch.observer — SEC 8-K summary
======================================

Issuer:     Bank First Corp (BFC)
CIK:        0001746109
Form:       8-K
Filed at:   2022-10-18T23:59:59+00:00
Accession:  0001104659-22-109686
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank First Q3 net income $10.5M ($1.26 EPS); closed Denmark Bancshares acquisition
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1746109/000110465922109686/0001104659-22-109686-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1746109/000110465922109686/tm2228467d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-109686

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer