NASDAQ$BFC

Bank First Corporation · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported a net income for the third quarter of 2024.

Bank First Corporation reported a net income of $16.6 million, or $1.65 per share, for the third quarter of 2024, compared to $14.8 million, or $1.43 per share, for the third quarter of the previous year. Net interest income increased by $1.8 million from the third quarter of 2023 to $35.9 million. Total assets increased to $4.29 billion, and total loans reached $3.47 billion.

  • Net income for Q3 2024 was $16.6 million, or $1.65 per share, compared to $14.8 million, or $1.43 per share, for the prior-year third quarter.
  • Net interest income for Q3 2024 was $35.9 million, up $1.8 million from the third quarter of 2023.
  • Total assets reached $4.29 billion as of September 30, 2024, a $207.0 million increase from September 30, 2023.
  • Total loans were $3.47 billion on September 30, 2024, up $115.4 million from September 30, 2023.

Headline financials

Total Revenue

$40.8M

Previous: $39.3M+3.7%
EPS

$1.65

Previous: $1.46+13.0%
Net Interest Margin

3.8%

Previous: 3.7%+1.3%
Return on Avg. Assets

1.6%

No prior period
Non-perf. Assets to Assets

0.3%

No prior period
Capital Expenditures

-$3.83M

Previous: -$11.3M+66.1%
Free Cash Flow

$12.7M

Previous: $3.49M+264.3%
Net Income

$16.6M

Previous: $14.8M+11.8%
Operating Income

$16.8M

Previous: $16.8M+0.0%
Gross Profit

$40.4M

Previous: $35.1M+14.9%
Cash & Equivalents

$204M

Previous: $75.8M+169.8%
Total Assets

$4.29B

Previous: $4.09B+5.1%
Stock-Based Comp

$540K

Previous: $561K-3.7%

Revenue & EPS history

Bank First · Revenue · Quarterly

$40.8M

Q3 2024+3.7%vs Q3 2023
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

The document contains forward-looking statements regarding the company's projected growth, anticipated future financial performance, and potential acquisition opportunities. However, it also acknowledges that actual results may differ materially due to various risks and uncertainties.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

-0.0%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+2.4%

Avg return

30 days after

40%

25 / 62 earnings

Positive

+5.1%

Q3 2024

Best reaction

-10.4%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-2.6%-1.2%
Q4 2025+0.9%+0.0%+5.3%
Q3 2025+4.1%+2.9%-3.0%
Q2 2025-2.1%-0.8%+3.1%
Q1 2025+0.0%+0.1%+3.9%
Q4 2024+0.4%+2.8%+3.9%
Q3 2024+5.1%+5.9%+14.7%
Q2 2024+3.0%+2.9%-3.3%
Q1 2024-3.2%-0.4%+7.7%
Q4 2023+1.5%+10.5%+8.1%
Q3 2023-0.4%-4.4%+4.6%
Q2 2023-0.2%+1.8%-7.0%
Q1 2023-2.4%-2.2%+1.3%
Q4 2022-8.4%-9.8%-7.2%
Q3 2022-0.5%+2.3%+16.2%
Q2 2022+2.5%+0.2%+8.9%
Q1 2022+2.5%-0.2%-2.9%
Q4 2021+0.2%-1.5%-2.2%
Q3 2021-1.9%-2.7%+2.4%
Q2 2021+1.4%-0.2%-0.1%
Q1 2021+2.2%+2.0%+2.9%
Q4 2020+1.5%+3.1%+2.3%
Q3 2020+4.2%+5.5%+9.1%
Q2 2020+0.1%-0.3%+0.1%
Q1 2020+1.5%+6.0%+14.1%
Q4 2019+0.4%-0.9%-5.8%
Q3 2019+2.0%+4.4%+3.3%
Q2 2019-10.4%-9.6%-14.0%
Q1 2018-2.9%-1.1%+2.8%
Q1 2019+0.2%-1.3%+8.1%
Q4 2017-0.8%-0.1%+6.8%
Q4 2016-0.8%-0.1%+6.8%
Q2 2018-0.8%-0.1%+6.8%
Q4 2018-0.4%-2.5%+3.4%
Q3 2017-1.2%-0.7%-5.2%
Q3 2018-1.2%-0.7%-5.2%
Q2 2017+0.0%-0.6%+2.5%
Q1 2017+0.0%+0.0%+1.1%
Q3 2016+0.0%-1.0%-2.0%
Q2 2016+0.7%+0.0%+5.4%
Q1 2016-1.0%
Q4 2015-7.0%
Q3 2015+2.0%
Q2 2015+0.0%
Q1 2015+0.2%
Q4 2014+0.0%
Q3 2014-0.2%
Q2 2014+0.0%
Q1 2014-0.8%
Q4 2013+0.0%
Q3 2013+1.5%
Q2 2013+0.0%
Q1 2013+0.0%
Q4 2012-0.6%
Q4 2011+0.0%
Q3 2011+0.0%
Q2 2011-1.7%
Q1 2011+0.0%
Q4 2010+0.0%
Q3 2010+4.3%
Q2 2010+0.0%
Q1 2010+4.5%

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