Bank First Corp — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that Bank First Corp filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $71.50M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $65.56M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $74.51M | Feb 27, 2026 |
| FY2022 | Dec 31, 2022 | $12.84M | Mar 10, 2023 |
| FY2022 | Sep 30, 2022 | $10.53M | Mar 10, 2023 |
| FY2022 | Jun 30, 2022 | $11.65M | Mar 10, 2023 |
| FY2022 | Mar 31, 2022 | $10.18M | Mar 10, 2023 |
| FY2022 | Dec 31, 2021 | $11.16M | Mar 10, 2023 |
| FY2022 | Sep 30, 2021 | $11.22M | Mar 10, 2023 |
| FY2022 | Jun 30, 2021 | $11.55M | Mar 10, 2023 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $62.48M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $65.85M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $52.95M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $40.01M | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $40.28M | Feb 29, 2024 |
| FY2022 | Dec 31, 2020 | $43.96M | Mar 10, 2023 |
| FY2021 | Dec 31, 2019 | $22.65M | Mar 16, 2022 |
| FY2020 | Dec 31, 2018 | $23.05M | Mar 12, 2021 |
| FY2019 | Dec 31, 2017 | $18.32M | Mar 11, 2020 |
| FY2018 | Dec 31, 2016 | $14.42M | Mar 26, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $11.44M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $7.23M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $13.48M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $6.87M | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $8.72M | Feb 29, 2024 |
| FY2022 | Dec 31, 2020 | $8.37M | Mar 10, 2023 |
| FY2021 | Dec 31, 2019 | $7.27M | Mar 16, 2022 |
| FY2020 | Dec 31, 2018 | $7.93M | Mar 12, 2021 |
| FY2019 | Dec 31, 2017 | $2.83M | Mar 11, 2020 |
| FY2018 | Dec 31, 2016 | $1.27M | Mar 26, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.51B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $4.50B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $4.22B | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $3.66B | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | $2.94B | Mar 10, 2023 |
| FY2021 | Dec 31, 2020 | $2.72B | Mar 16, 2022 |
| FY2020 | Dec 31, 2019 | $2.21B | Mar 12, 2021 |
| FY2019 | Dec 31, 2018 | $1.79B | Mar 11, 2020 |
| FY2018 | Dec 31, 2017 | $1.75B | Mar 26, 2019 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.86B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $3.86B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $3.60B | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $3.21B | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | $2.61B | Mar 10, 2023 |
| FY2021 | Dec 31, 2020 | $2.42B | Mar 16, 2022 |
| FY2020 | Dec 31, 2019 | $1.98B | Mar 12, 2021 |
| FY2019 | Dec 31, 2018 | $1.62B | Mar 11, 2020 |
| FY2018 | Dec 31, 2017 | $1.59B | Mar 26, 2019 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $643.84M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $639.68M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $619.80M | Feb 27, 2026 |
| FY2025 | Dec 31, 2022 | $453.10M | Feb 27, 2026 |
| FY2024 | Dec 31, 2021 | $322.65M | Feb 28, 2025 |
| FY2023 | Dec 31, 2020 | $294.86M | Feb 29, 2024 |
| FY2022 | Dec 31, 2019 | $230.21M | Mar 10, 2023 |
| FY2021 | Dec 31, 2018 | $174.32M | Mar 16, 2022 |
| FY2020 | Dec 31, 2017 | $161.73M | Mar 12, 2021 |
| FY2019 | Dec 31, 2016 | $127.52M | Mar 11, 2020 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $175.11M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $175.11M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $175.11M | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $110.21M | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | $55.36M | Mar 10, 2023 |
| FY2021 | Dec 31, 2020 | $55.47M | Mar 16, 2022 |
| FY2021 | May 15, 2020 | $11.60M | Mar 16, 2022 |
| FY2020 | Dec 31, 2019 | $43.46M | Mar 12, 2021 |
| FY2021 | Jul 12, 2019 | $28.43M | Mar 16, 2022 |
| FY2019 | Dec 31, 2018 | $15.02M | Mar 11, 2020 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $417.00M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $398.00M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $348.00M | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $295.50M | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | $258.10M | Mar 10, 2023 |
| FY2021 | Dec 31, 2020 | $221.39M | Mar 16, 2022 |
| FY2020 | Dec 31, 2019 | $189.49M | Mar 12, 2021 |
| FY2019 | Dec 31, 2018 | $168.36M | Mar 11, 2020 |
| FY2018 | Dec 31, 2017 | $145.88M | Mar 26, 2019 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $243.21M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $261.33M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $247.47M | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $119.35M | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | $296.86M | Mar 10, 2023 |
| FY2021 | Dec 31, 2020 | $170.22M | Mar 16, 2022 |
| FY2020 | Dec 31, 2019 | $86.45M | Mar 12, 2021 |
| FY2020 | Dec 31, 2018 | $107.74M | Mar 12, 2021 |
| FY2020 | Dec 31, 2017 | $101.98M | Mar 12, 2021 |
| FY2019 | Dec 31, 2016 | $80.16M | Mar 11, 2020 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2021 | Dec 31, 2021 | $7.96M | Mar 16, 2022 |
| FY2021 | Dec 31, 2020 | $23.34M | Mar 16, 2022 |
| FY2020 | Dec 31, 2019 | $39.80M | Mar 12, 2021 |
| FY2019 | Dec 31, 2018 | $0 | Mar 11, 2020 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 7 | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 6 | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | 7 | Feb 27, 2026 |
| FY2022 | Dec 31, 2022 | 1 | Mar 10, 2023 |
| FY2022 | Sep 30, 2022 | 1 | Mar 10, 2023 |
| FY2022 | Jun 30, 2022 | 1 | Mar 10, 2023 |
| FY2022 | Mar 31, 2022 | 1 | Mar 10, 2023 |
| FY2022 | Dec 31, 2021 | 1 | Mar 10, 2023 |
| FY2022 | Sep 30, 2021 | 1 | Mar 10, 2023 |
| FY2022 | Jun 30, 2021 | 1 | Mar 10, 2023 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 7 | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 6 | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | 7 | Feb 27, 2026 |
| FY2022 | Dec 31, 2022 | 1 | Mar 10, 2023 |
| FY2022 | Sep 30, 2022 | 1 | Mar 10, 2023 |
| FY2022 | Jun 30, 2022 | 1 | Mar 10, 2023 |
| FY2022 | Mar 31, 2022 | 1 | Mar 10, 2023 |
| FY2022 | Dec 31, 2021 | 1 | Mar 10, 2023 |
| FY2022 | Sep 30, 2021 | 1 | Mar 10, 2023 |
| FY2022 | Jun 30, 2021 | 1 | Mar 10, 2023 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 9.83M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 10.01M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | 10.37M | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | 9.02M | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | 7.62M | Mar 10, 2023 |
| FY2021 | Dec 31, 2020 | 7.71M | Mar 16, 2022 |
| FY2020 | Dec 31, 2019 | 7.08M | Mar 12, 2021 |
| FY2019 | Dec 31, 2018 | 6.61M | Mar 11, 2020 |
| FY2018 | Dec 31, 2017 | 6.81M | Mar 26, 2019 |