---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-004140"
form_type: "8-K"
ticker: "BFC"
cik: "0001746109"
company_name: "Bank First Corp"
filed_at: "2024-01-16T23:59:59+00:00"
generated_at: "2026-06-06T23:20:21.281708+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-004140
- form_type: 8-K
- ticker: BFC
- cik: 0001746109
- company_name: Bank First Corp
- filed_at: 2024-01-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1746109/000110465924004140/0001104659-24-004140-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1746109/000110465924004140/tm243424d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-004140
- JSON: https://secwatch.observer/filing/0001104659-24-004140.json
- Plain text: https://secwatch.observer/filing/0001104659-24-004140.txt

## Key facts
- Earnings Releases
  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
  source text: On January 16, 2024, Bank First Corporation (the “Company”) announced its earnings for the quarter ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1746109/000110465924004140/0001104659-24-004140-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.