Bank First Q1 EPS $1.51 vs $1.09; dividend raised to $0.35/share

Bank First Corp

2024-Q1 EPS reported $1.51

Diluted EPS $1.51, net income $15.4M vs $10.7M YoY; one-time costs in prior year reduced EPS by $0.41.
Quarterly dividend increased to $0.35/share (YTD $0.35 vs $0.25); payable July 10 to holders of record June 26.
Net loans grew $59M to $3.34B; deposits declined $47M to $3.42B; total assets $4.10B.
Two directors (Dave Sachse, Mike Ansay) retiring after 14 years; Erin Davis appointed to board April 16, 2024.
Net interest margin 3.62% (down from 3.74%); net interest income $33.3M vs $32.2M.

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