---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-046697"
form_type: "8-K"
ticker: "BFC"
cik: "0001746109"
company_name: "Bank First Corp"
filed_at: "2023-04-18T23:59:59+00:00"
generated_at: "2026-06-17T00:48:52.459906+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bank First Q1 net income $10.7M ($1.09 EPS), adjusted $14.7M ($1.50); dividend raised 20%

## Summary
- Net income $10.7M ($1.09 EPS) vs $10.2M ($1.34) YoY; adjusted net income $14.7M ($1.50) vs $10.5M ($1.38).
- Net interest margin 3.74% (up from 3.06% YoY); net interest income $32.2M (+$9.9M YoY); provision for credit losses $4.2M (includes $3.6M CECL day-1 on Hometown).
- Total assets $4.17B (+$1.24B YoY) driven by Denmark and Hometown acquisitions; loans $3.32B, deposits $3.46B.
- Quarterly cash dividend increased 20% to $0.30/share, payable July 5, 2023, record June 21, 2023.
- Tangible book value per share $34.14 (from $36.14 at Dec 2022); $6.1M stock repurchases in Q1 at avg $74.36.

## SEC filing metadata
- accession: 0001104659-23-046697
- form_type: 8-K
- ticker: BFC
- cik: 0001746109
- company_name: Bank First Corp
- filed_at: 2023-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1746109/000110465923046697/0001104659-23-046697-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1746109/000110465923046697/tm2313038d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-046697
- JSON: https://secwatch.observer/filing/0001104659-23-046697.json
- Plain text: https://secwatch.observer/filing/0001104659-23-046697.txt

## Key facts
- Earnings Releases
  Bank First Corp reported the three months ended March 31, 2023 results: net income $10.7 million, EPS $1.09 per share.
  - Period: the three months ended March 31, 2023
  - Net income: $10.7 million
  - EPS: $1.09 per share
  - Result: reported results
  source text: Bank First Corporation (NASDAQ: BFC ) (“Bank First” or the “Bank”), the holding company for Bank First, N.A., reported net income of $10.7 million, or $1.09 per share, for the first quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1746109/000110465923046697/0001104659-23-046697-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.