Bank First Q3 net income $14.8M ($1.43 EPS); sells UFS stake for $52.2M gain

Bank First Corp

2023-Q3 EPS reported $3.89

Net income $14.8M ($1.43 EPS) vs $10.5M ($1.26 EPS) in Q3 2022; adjusted EPS $1.46.
Dividend raised 20% YoY to $0.30/share, payable Jan 10, 2024 to holders of record Dec 27, 2023.
Subsequent sale of UFS, LLC closed Oct 1, 2023 for $52.2M cash; pre-tax gain $39.3M expected in Q4 2023.
Repaid $11.5M subordinated debt (9.0% rate) on Oct 2, 2023, saving >$1M annual interest.
Nonperforming assets stayed low at $5.2M (0.13% of total assets); net interest margin 3.71%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bank First Corp reported quarter ended September 30, 2023 results: net income $14.8 million, EPS $1.43 per share.

Period: quarter ended September 30, 2023
Net income: $14.8 million
EPS: $1.43 per share
Result: reported results

Exact text from the filing

Bank First Corporation (the “Company”) announced its earnings for the quarter ended September 30, 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bank First Corp reported nine months ended September 30, 2023 results: net income $39.6 million, EPS $3.89 per share.

Period: nine months ended September 30, 2023
Net income: $39.6 million
EPS: $3.89 per share
Result: reported results

Exact text from the filing

For the nine months ended September 30, 2023, Bank First earned $39.6 million, or $3.89 per share

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59 earnings releases filed in the last 30 days. Browse all earnings releases →

Bank First Corp filing history →

Source: SEC EDGAR

accession 0001104659-23-109602

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