secwatch.observer — SEC 8-K summary
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Issuer:     Bank First Corp (BFC)
CIK:        0001746109
Form:       8-K
Filed at:   2023-08-29T23:59:59+00:00
Accession:  0001104659-23-096483
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank First H1 net income $24.8M, EPS $2.46 (down 15% YoY); dividend raised 20% to $0.30
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1746109/000110465923096483/0001104659-23-096483-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1746109/000110465923096483/tm2325063d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-096483

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