Bank First Corporation Reports Strong Q2 2025 Earnings
Bank First National Corp ( (BFC) ) has released its Q2 earnings. Here is a breakdown of the information Bank First National Corp presented to its investors.
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Bank First Corporation, a financial services provider through its subsidiary Bank First, N.A., operates in the banking sector with a focus on loans, deposits, and treasury management products across Wisconsin. The company has recently reported its earnings for the second quarter of 2025, showcasing a net income of $16.9 million, or $1.71 per share, marking an increase from the previous year’s second quarter. For the first half of 2025, the company reported a net income of $35.1 million, or $3.53 per share, compared to $31.5 million, or $3.10 per share, in the same period of 2024.
Key financial highlights include a net interest income of $36.7 million for the quarter, an increase from both the previous quarter and the same quarter last year. The net interest margin improved to 3.72%, benefiting from higher yields on new and renewed loans. The bank declared a quarterly cash dividend of $0.45 per share, reflecting a 12.5% increase from the previous year. Despite a slight decline in total assets since the end of 2024, the bank’s total loans and deposits have shown growth compared to the previous year.
Noninterest income saw a decrease to $4.9 million from the prior quarter, impacted by a negative valuation adjustment on mortgage servicing rights and lower income from investments. Noninterest expenses increased to $20.8 million, driven by branch remodels and digital banking platform upgrades. The bank’s asset quality remains strong with nonperforming assets at a low 0.31% of total assets.
Looking ahead, Bank First’s management remains optimistic about future performance, particularly with the potential benefits from a normalized yield curve. The bank continues to focus on strategic growth through acquisitions and branch expansions, aiming to enhance its financial performance and shareholder value.
