earnings
confidence high
sentiment neutral
materiality 0.65
Bank First H1 net income $24.8M, EPS $2.46 (down 15% YoY); dividend raised 20% to $0.30
Bank First Corp
2023-Q2 EPS reported
$2.46
- H1 2023 net income $24.8M vs $21.8M in H1 2022; diluted EPS $2.46 vs $2.89, impacted by $0.46/share in one-time Hometown acquisition costs.
- Quarterly dividend raised 20% to $0.30/share, payable Oct 4, 2023 to holders of record Sep 20.
- Total assets $4.09B (+38% YoY); loans $3.31B, deposits $3.41B; growth driven by Denmark and Hometown acquisitions.
- Provision for credit losses $4.2M (up from $1.7M), partly due to $3.6M provision from Hometown loan portfolio.
- Board changes: Robert Holmes retired; Timothy McFarlane elected to board and named President of Bank.