secwatch.observer — SEC 8-K summary
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Issuer:     Bank First Corp (BFC)
CIK:        0001746109
Form:       8-K
Filed at:   2024-01-16T23:59:59+00:00
Accession:  0001104659-24-004140
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1746109/000110465924004140/0001104659-24-004140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1746109/000110465924004140/tm243424d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-004140

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