Bank First Q4 net income $34.9M ($3.39 EPS) includes $38.9M UFS sale gain; dividend raised 16.7%

Bank First Corp

2023-FY EPS reported $7.28

Adjusted net income (non-GAAP) $14.8M ($1.44 EPS) vs $13.9M ($1.54 EPS) a year ago.
Net interest income $32.9M, down $1.1M QoQ; net interest margin 3.53% vs 3.71% prior quarter.
Nonperforming assets $9.1M, 0.21% of total assets, up from 0.18% year-end 2022.
Quarterly cash dividend declared $0.35 per share, payable Apr 10, 2024; 40% YoY increase.
One-time items include $7.8M loss on Treasury sale, $1.6M OREO writedowns, and $0.4M severance.

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 the three months and year ended December 31, 2023 results: net income Net income of $34.9 million and $74.5 million for the three months and year ended December 31, 2023, respectively, EPS Earnings per common share of $3.39 and $7.28 for the three months and year ended December 31, 2023, respectively.

Period: the three months and year ended December 31, 2023
Net income: Net income of $34.9 million and $74.5 million for the three months and year ended December 31, 2023, respectively
EPS: Earnings per common share of $3.39 and $7.28 for the three months and year ended December 31, 2023, respectively
Result: reported results

Exact text from the filing

On January 16, 2024, Bank First Corporation (the “Company”) announced its earnings for the quarter ended December 31, 2023.

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Source: SEC EDGAR

accession 0001104659-24-004140

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