secwatch.observer — SEC 8-K summary
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Issuer:     Bank First Corp (BFC)
CIK:        0001746109
Form:       8-K
Filed at:   2023-03-06T23:59:59+00:00
Accession:  0001104659-23-028961
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank First completes Hometown Bancorp acquisition; FY2022 EPS $5.58, declares $0.25 dividend
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- Merger closed Feb 10, 2023; consideration 87% stock/13% cash; combined assets ~$4.2B, loans ~$3.3B, deposits ~$3.5B.
- FY2022 EPS $5.58 (down 5.7% YoY); net income $45.2M vs $45.4M; NIM 3.41% vs 3.47%.
- Quarterly dividend $0.25/share, payable Apr 5, 2023 to holders of record Mar 22, 2023.
- Tim McFarlane, former Hometown CEO, appointed President of Bank First; Mike Molepske remains CEO and Chairman.
- Loans grew 29.4% to $2.89B; deposits up 21.0% to $3.06B; non-interest expense up 22.8% due to acquisition costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1746109/000110465923028961/0001104659-23-028961-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1746109/000110465923028961/tm238628d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-028961

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