secwatch.observer — SEC 8-K summary
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Issuer:     Bank First Corp (BFC)
CIK:        0001746109
Form:       8-K
Filed at:   2023-04-18T23:59:59+00:00
Accession:  0001104659-23-046697
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1746109/000110465923046697/0001104659-23-046697-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1746109/000110465923046697/tm2313038d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-046697

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