earnings
confidence high
sentiment neutral
materiality 0.60
Bank First Corp Q3 net income $32.4M ($4.15 EPS); declares $0.25 dividend; Hometown merger approved
Bank First Corp
2022-Q3 EPS reported
$4.15
- Year-to-date net income $32.4M vs $34.3M prior year; EPS $4.15 vs $4.45; impacted by $5.7M in Denmark acquisition costs.
- Quarterly cash dividend of $0.25/share declared, payable Jan 4, 2023 to holders of record Dec 21, 2022; 13.6% increase YoY.
- Regulatory approval received for merger with Hometown Bancorp; expected close Feb 2023; Tim McFarlane to become President.
- Total assets $3.64B at Sep 30, 2022, up from $2.85B a year ago; loans $2.86B; deposits $3.14B.
- Net interest margin (YTD) 3.30% vs 3.47% prior year; provisions for loan losses down to $1.7M from $2.5M.