Bank First National Corp

NASDAQ:BFC USA Banks - Regional
Market Cap
$1.48 Billion
Market Cap Rank
#6226 Global
#3515 in USA
Share Price
$131.93
Change (1 day)
-2.72%
52-Week Range
$96.02 - $151.84
All Time High
$151.84
Categories
Companies in USA Banks - Regional Banking & Financial
About

Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, and consumers, in Wisconsin. It offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products. The company also provides l… Read more

Bank First National Corp (BFC) - Net Assets

Latest net assets as of December 2025: $643.84 Million USD

Based on the latest financial reports, Bank First National Corp (BFC) has net assets worth $643.84 Million USD as of December 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.52 Billion) and total liabilities ($3.88 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets $643.84 Million
% of Total Assets 14.24%
Annual Growth Rate 11.52%
5-Year Change -77.89%
10-Year Change 404.88%
Growth Volatility 212.86

Bank First National Corp - Net Assets Trend (1998–2025)

This chart illustrates how Bank First National Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Bank First National Corp (1998–2025)

The table below shows the annual net assets of Bank First National Corp from 1998 to 2025.

Year Net Assets Change
2025-12-31 $643.84 Million +0.65%
2024-12-31 $639.68 Million +3.21%
2023-12-31 $619.80 Million +36.79%
2022-12-31 $453.10 Million -84.44%
2021-12-31 $2.91 Billion +8.78%
2020-12-31 $2.68 Billion +24.99%
2019-12-31 $2.14 Billion +1128.61%
2018-12-31 $174.32 Million +7.79%
2017-12-31 $161.73 Million +26.82%
2016-12-31 $127.52 Million +7.23%
2015-12-31 $118.93 Million +9.05%
2014-12-31 $109.06 Million +7.38%
2013-12-31 $101.57 Million +5.70%
2012-12-31 $96.09 Million +3.53%
2011-12-31 $92.82 Million +9.19%
2010-12-31 $85.01 Million +4.57%
2009-12-31 $81.29 Million +4.94%
2008-12-31 $77.47 Million +2.52%
2007-12-31 $75.56 Million +8.56%
2006-12-31 $69.60 Million +7.90%
2005-12-31 $64.51 Million -2.07%
2004-12-31 $65.87 Million +9.38%
2003-12-31 $60.22 Million +10.94%
2002-12-31 $54.28 Million +16.77%
2001-12-31 $46.49 Million +12.13%
2000-12-31 $41.46 Million +20.16%
1999-12-31 $34.51 Million +1.81%
1998-12-31 $33.89 Million --

Equity Component Analysis

This analysis shows how different components contribute to Bank First National Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 1250.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings $417.00 Million 64.77%
Common Stock $115.00K 0.02%
Other Comprehensive Income $-5.02 Million -0.78%
Other Components $231.75 Million 35.99%
Total Equity $643.84 Million 100.00%

Bank First National Corp Competitors by Market Cap

The table below lists competitors of Bank First National Corp ranked by their market capitalization.

Company Market Cap
KSB SE & Co. KGaA
XETRA:KSB
 		$1.33 Billion
Parkway Life Real Estate Investment Trust
PINK:PRKWF
 		$1.34 Billion
Gujarat Fluorochemicals Limited
NSE:FLUOROCHEM
 		$1.34 Billion
PCCOF
PINK:PCCOF
 		$1.34 Billion
Shenzhen Mason Technologies Co Ltd
SHE:002654
 		$1.33 Billion
Lucid Group Inc
NASDAQ:LCID
 		$1.33 Billion
Burkhalter Holding AG
SW:BRKN
 		$1.33 Billion
Zhende Medical Co Ltd
SHG:603301
 		$1.33 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Bank First National Corp's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 639,683,000 to 643,836,000, a change of 4,153,000 (0.6%).
  • Net income of 71,496,000 contributed positively to equity growth.
  • Dividend payments of 52,501,000 reduced retained earnings.
  • Share repurchases of 22,042,000 reduced equity.
  • New share issuances of 737,000 increased equity.
  • Other comprehensive income increased equity by 4,327,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income $71.50 Million +11.1%
Dividends Paid $52.50 Million -8.15%
Share Repurchases $22.04 Million -3.42%
Share Issuances $737.00K +0.11%
Other Comprehensive Income $4.33 Million +0.67%
Other Changes $2.14 Million +0.33%
Total Change $- 0.65%

Book Value vs Market Value Analysis

This analysis compares Bank First National Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 2.02x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 6.76x to 2.02x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1998-12-31 $19.52 $131.93 x
1999-12-31 $9.94 $131.93 x
2000-12-31 $11.97 $131.93 x
2001-12-31 $13.40 $131.93 x
2002-12-31 $7.81 $131.93 x
2003-12-31 $8.68 $131.93 x
2004-12-31 $9.50 $131.93 x
2005-12-31 $9.44 $131.93 x
2006-12-31 $10.37 $131.93 x
2007-12-31 $11.25 $131.93 x
2008-12-31 $11.68 $131.93 x
2009-12-31 $12.33 $131.93 x
2010-12-31 $12.89 $131.93 x
2011-12-31 $14.08 $131.93 x
2012-12-31 $14.59 $131.93 x
2013-12-31 $15.71 $131.93 x
2014-12-31 $17.21 $131.93 x
2015-12-31 $18.90 $131.93 x
2016-12-31 $20.50 $131.93 x
2017-12-31 $25.73 $131.93 x
2018-12-31 $26.12 $131.93 x
2019-12-31 $33.35 $131.93 x
2020-12-31 $39.41 $131.93 x
2021-12-31 $42.21 $131.93 x
2022-12-31 $56.15 $131.93 x
2023-12-31 $60.77 $131.93 x
2024-12-31 $63.62 $131.93 x
2025-12-31 $65.47 $131.93 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Bank First National Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 11.10%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 29.73%
  • • Asset Turnover: 0.05x
  • • Equity Multiplier: 7.02x
  • Recent ROE (11.10%) is below the historical average (11.33%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1998 13.58% 27.11% 0.05x 10.85x $1.21 Million
1999 14.28% 29.32% 0.04x 13.40x $1.48 Million
2000 12.79% 23.28% 0.05x 11.95x $1.15 Million
2001 11.63% 20.53% 0.05x 11.34x $756.10K
2002 13.06% 18.96% 0.07x 10.42x $1.66 Million
2003 12.67% 21.75% 0.06x 9.66x $1.61 Million
2004 12.00% 22.88% 0.06x 9.45x $1.31 Million
2005 10.57% 17.07% 0.06x 10.20x $370.00K
2006 9.92% 14.25% 0.07x 9.89x $-56.40K
2007 9.79% 13.90% 0.07x 9.54x $-157.20K
2008 8.05% 11.53% 0.07x 10.25x $-1.51 Million
2009 8.21% 12.80% 0.06x 10.32x $-1.46 Million
2010 8.76% 15.89% 0.06x 9.78x $-1.05 Million
2011 9.21% 20.94% 0.04x 9.80x $-735.10K
2012 10.84% 23.77% 0.04x 10.62x $810.70K
2013 11.38% 26.99% 0.04x 10.45x $1.41 Million
2014 11.57% 28.04% 0.04x 10.13x $1.71 Million
2015 11.26% 29.23% 0.04x 10.41x $1.50 Million
2016 11.69% 29.83% 0.04x 10.32x $2.16 Million
2017 9.47% 25.83% 0.03x 10.84x $-859.80K
2018 14.60% 30.12% 0.05x 10.29x $8.02 Million
2019 11.60% 27.48% 0.04x 9.60x $3.67 Million
2020 12.90% 32.51% 0.04x 9.22x $8.56 Million
2021 14.08% 38.91% 0.04x 9.10x $13.18 Million
2022 9.98% 34.58% 0.04x 8.08x $-96.30K
2023 12.02% 39.96% 0.04x 6.81x $12.53 Million
2024 10.25% 29.37% 0.05x 7.03x $1.59 Million
2025 11.10% 29.73% 0.05x 7.02x $7.11 Million

Industry Comparison

This section compares Bank First National Corp's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

  • Industry: Banks - Regional
  • Average net assets among peers: $22,823,266,317
  • Average return on equity (ROE) among peers: 14.64%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Bank First National Corp (BFC) $643.84 Million 13.58% 6.02x $1.33 Billion
Ameris Bancorp (ABCB) $514.76 Million 7.94% 9.86x $4.91 Billion
ACNB Corporation (ACNB) $106.80 Million 8.72% 8.79x $452.68 Million
Addiko Bank AG (ADBKF) $6.08 Billion 0.58% 0.00x $210.07 Million
Affinity Bancshares Inc (AFBI) $80.78 Million 3.82% 9.53x $79.98 Million
Absa Group Limited (AGRPF) $56.49 Billion 12.11% 11.71x $6.72 Billion
AIB Group plc (AIBGY) $2.74 Billion 18.02% 16.84x $21.72 Billion
Akbank Turk Anonim Sirketi (AKBTY) $153.61 Billion 39.08% 6.47x $8.60 Billion
Alpha Bank SA (ALBKY) $8.37 Billion 34.92% 7.81x $1.12 Billion
Community Capital Bancshares Inc (ALBY) $9.19 Million 7.09% 8.66x $19.76 Million
Alpine Banks of Colorado (ALPIB) $235.94 Million 14.17% 11.96x $248.47 Million