BFC Stock Analysis: Bank First National | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 1.666m USD | 12M Return: 24.4% | US06211J1007 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 10.1M
EPS Trend: 98.7%
Qual. Beats: 1
Rev. Trend: 98.0%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Bank First Corporation (NASDAQ: BFC) is a Wisconsin-based bank holding company that operates Bank First, N.A., providing consumer and commercial financial services to businesses, professionals, and individuals across the state. Founded in 1894 and headquartered in Manitowoc, Wisconsin, the company offers a full suite of deposit products-including checking, savings, money market, and CDs-alongside a diverse loan portfolio spanning commercial real estate, residential mortgages, commercial and industrial lending, construction loans, and consumer credit products. It also delivers ancillary services such as credit cards, insurance, treasury management, investment/safekeeping, and digital banking channels.
As a regional community bank, Bank First operates under a relationship-based banking model that emphasizes local lending and deposit gathering within its Wisconsin footprint, a model that typically relies on net interest income as the primary revenue driver. The company rebranded from Bank First National Corporation to its current name in June 2019 and trades as a small-cap stock within the Financials sector.
- Net interest margin expands on Fed rate pause
- Commercial loan growth outpaces Wisconsin regional bank peers
- Deposit costs rise amid intensifying regional banking competition
| Net Income: 81.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.58 > 1.0 |
| NWC/Revenue: -1.44k% < 20% (prev -1.44k%; Δ -1.23% < -1%) |
| CFO/TA 0.01 > 3% & CFO 57.3m > Net Income 81.1m |
| Net Debt (-770.3m) to EBITDA (111.0m): -6.94 < 3 |
| Current Ratio: 0.17 > 1.5 & < 3 |
| Outstanding Shares: last quarter (11.1m) vs 12m ago 12.61% < -2% |
| Gross Margin: 74.14% > 18% (prev 69.25%; Δ 4.89% > 0.5%) |
| Asset Turnover: 5.65% > 50% (prev 5.39%; Δ 0.27% > 0%) |
| Interest Coverage Ratio: 1.35 > 6 (EBIT TTM 100.7m / Interest Expense TTM 74.7m) |
| A: -0.70 (Total Current Assets 880.0m - Total Current Liabilities 5.07b) / Total Assets 5.95b |
| B: 0.08 (Retained Earnings 450.0m / Total Assets 5.95b) |
| C: 0.02 (EBIT TTM 100.7m / Avg Total Assets 5.16b) |
| D: 0.16 (Book Value of Equity 819.3m / Total Liabilities 5.13b) |
| Altman-Z'' = -4.07 = D |
As of September 27, 2026, the stock is trading at USD 152.13 with a total of 86,124 shares traded. Over the past week, the price has changed by +0.34%, over one month by -0.16%, over three months by +5.41% and over the past year by +24.42%.
Current recommended Stop Loss: 145.80 (which is 4.2% or 2 ATR below the current price).
Bank First National has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy BFC.
- StrongBuy: 1
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 163 | 7.1% |
P/E Trailing = 19.2718
P/E Forward = 5.8106
P/S = 7.671
P/B = 2.0432
P/EG = 0.098
Revenue TTM = 291.5m USD
EBIT TTM = 100.7m USD
EBITDA TTM = 111.0m USD
Long Term Debt = 104.8m USD (from longTermDebt, last quarter)
Short Term Debt = 80.0m USD (from shortTermDebt, last quarter)
Debt = 104.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -770.3m USD (calculated: Debt 104.8m - CCE 875.2m)
Enterprise Value = 896.1m USD (1.67b + Debt 104.8m - CCE 875.2m)
Interest Coverage Ratio = 1.35 (Ebit TTM 100.7m / Interest Expense TTM 74.7m)
EV/FCF = 21.04x (Enterprise Value 896.1m / FCF TTM 42.6m)
FCF Yield = 4.75% (FCF TTM 42.6m / Enterprise Value 896.1m)
FCF Margin = 14.61% (FCF TTM 42.6m / Revenue TTM 291.5m)
Net Margin = 27.80% (Net Income TTM 81.1m / Revenue TTM 291.5m)
Gross Margin = 74.14% ((Revenue TTM 291.5m - Cost of Revenue TTM 75.4m) / Revenue TTM)
Gross Margin QoQ = 75.88% (prev 75.81%)
Tobins Q-Ratio = 0.15 (Enterprise Value 896.1m / Total Assets 5.95b)
Interest Expense / Debt = 71.29% (Interest Expense 74.7m / Debt 104.8m)
Taxrate = 19.51% (19.6m / 100.7m)
NOPAT = 81.1m (EBIT 100.7m * (1 - 19.51%))
Current Ratio = 0.17 (Total Current Assets 880.0m / Total Current Liabilities 5.07b)
Debt / Equity = 0.13 (Debt 104.8m / totalStockholderEquity, last quarter 819.3m)
Debt / EBITDA = -6.94 (Net Debt -770.3m / EBITDA 111.0m)
Debt / FCF = -18.09 (Net Debt -770.3m / FCF TTM 42.6m)
Total Stockholder Equity = 727.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.57% (Net Income 81.1m / Total Assets 5.95b)
RoE = 11.14% (Net Income TTM 81.1m / Total Stockholder Equity 727.8m)
RoCE = 12.10% (EBIT 100.7m / Capital Employed (Equity 727.8m + L.T.Debt 104.8m))
RoIC = 8.57% (NOPAT 81.1m / Invested Capital 945.4m)
WACC = 6.86% (E(1.67b)/V(1.77b) * Re(7.29%) + (debt cost/tax rate unavailable))
Discount Rate = 7.29% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 54.89 | Cagr: 4.14%
[DCF] Terminal Value 73.10% ; FCFF base≈48.2m ; Y1≈42.3m ; Y5≈34.1m
[DCF] Fair Price = 118.9 (EV 548.0m - Net Debt -770.3m = Equity 1.32b / Shares 11.1m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 98.67 | EPS CAGR: 14.69% | SUE: 0.86 | # QB: 1
Revenue Correlation: 97.99 | Revenue CAGR: 16.72% | SUE: 0.94 | # QB: 1
EPS current Quarter (2026-09-30): EPS=2.60 | Chg30d=+2.77% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=9.94 | Chg30d=+0.61% | Revisions=+0% | GrowthEPS=+34.0% | GrowthRev=+52.8%
EPS next Year (2027-12-31): EPS=11.93 | Chg30d=-0.83% | Revisions=+0% | GrowthEPS=+20.0% | GrowthRev=+29.0%
[Analyst] Revisions Ratio: +25% (up=1, down=0)