Bank First Q1 Earnings Miss Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy BFC?
Source: seekingalpha
- Earnings Miss: Bank First's Q1 non-GAAP EPS of $2.24 fell short of estimates by $0.11, indicating pressure on profitability that could undermine investor confidence moving forward.
- Revenue Growth Lags: Although revenue surged 47.8% year-over-year to $63.7 million, it still missed expectations by $2 million, reflecting the impact of increased market competition and rising costs, which may hinder future growth prospects.
- Negative Stock Reaction: Following the earnings report, Bank First's shares dropped 1.92% in after-hours trading, signaling investor dissatisfaction with the results and potentially affecting the company's short-term market performance.
- Small-Cap Stock Analysis: Bank First is rated among the small-cap stocks with the lowest dividend yield, which may limit its appeal to income-seeking investors and exacerbate market concerns regarding its future performance.
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Analyst Views on BFC
Wall Street analysts forecast BFC stock price to rise
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 139.030
Low
142.00
Averages
142.00
High
142.00
Current: 139.030
Low
142.00
Averages
142.00
High
142.00
About BFC
Bank First Corporation provides financial services through its subsidiary, Bank First, N.A. (the Bank). The Bank is a full-service community bank, offering business and retail products and services in communities throughout Wisconsin and Illinois. The Bank serves businesses, professionals and consumers with a variety of financial services, including retail and commercial banking. The Bank's products include checking accounts, savings accounts, money market accounts, cash management accounts, certificates of deposit, commercial and industrial loans, commercial real estate loans, construction and development loans, residential mortgages, consumer loans, credit cards, online banking, telephone banking and mobile banking. It also provides a variety of loans to individuals for personal and household purposes, including secured and unsecured installment loans and revolving lines of credit. It offers a number of in-house mortgage products, including adjustable-rate mortgages.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Bank First (BFC) Announces 10% Dividend Increase to $0.55 per Share
- Dividend Increase: Bank First has declared a quarterly dividend increase from $0.50 to $0.55 per share, representing a 10% rise, which reflects the company's strong performance in maintaining profitability and cash flow, thereby boosting investor confidence.
- Yield Context: The forward yield of 1.54% may be relatively low, yet it still attracts investors seeking stable returns, indicating the company's competitive position among small-cap stocks despite the lower yield grade.
- Payment Details: The new dividend will be payable on July 8, with a record date of June 24 and an ex-dividend date also set for June 24, ensuring shareholders can promptly benefit from the dividend, which further strengthens shareholder relations.
- Financial Health: The dividend increase aligns with Bank First's historical earnings data, demonstrating the company's ongoing commitment to financial management and shareholder returns, which enhances its reputation and attractiveness in the market.
See More
Bank First Corp Reports Q1 Earnings Growth
- Earnings Performance: Bank First Corp reported Q1 earnings of $19.99 million, translating to $1.78 per share, which, while lower than last year's $18.24 million and $1.82 per share, still indicates stable profitability.
- Adjusted Earnings: Excluding special items, the company posted adjusted earnings of $25.08 million or $2.24 per share, highlighting strong core business performance and improved profitability.
- Revenue Growth: The company's revenue surged by 47.8% year-over-year to $63.75 million from $43.13 million last year, reflecting robust market demand and successful business expansion.
- Market Outlook: Despite a slight decline in EPS, the strong revenue growth and improved adjusted earnings suggest that Bank First Corp has solid growth potential moving forward, which may attract more investor interest.
See More
Bank First Q1 Earnings Miss Estimates
- Earnings Miss: Bank First's Q1 non-GAAP EPS of $2.24 fell short of estimates by $0.11, indicating pressure on profitability that could undermine investor confidence moving forward.
- Revenue Growth Lags: Although revenue surged 47.8% year-over-year to $63.7 million, it still missed expectations by $2 million, reflecting the impact of increased market competition and rising costs, which may hinder future growth prospects.
- Negative Stock Reaction: Following the earnings report, Bank First's shares dropped 1.92% in after-hours trading, signaling investor dissatisfaction with the results and potentially affecting the company's short-term market performance.
- Small-Cap Stock Analysis: Bank First is rated among the small-cap stocks with the lowest dividend yield, which may limit its appeal to income-seeking investors and exacerbate market concerns regarding its future performance.
See More
BANKFIRST Reports Q4 Earnings Per Share of USD 1.74
- Bank Performance: The bank reported a significant performance in Q4, with earnings per share (EPS) reaching $1.74.
- Financial Highlights: The financial results indicate strong growth and stability, reflecting the bank's effective management and strategic initiatives.
See More
BANKFIRST REPORTS Q4 PRETAX PROFIT OF USD 13.384 MILLION
- Financial Performance: Bank First reported a pre-tax profit of $13.384 million for the fourth quarter.
- Quarterly Results: The financial results indicate a strong performance in the bank's operations during the specified quarter.
See More
BANKFIRST REPORTS Q4 CREDIT LOSS PROVISION OF USD -2.595 MILLION
- Credit Loss Provision: Bank First has reported a provision for credit losses amounting to $2.595 million for the fourth quarter.
- Financial Impact: This provision reflects the bank's strategy to manage potential credit risks and ensure financial stability.
See More
Bank First (BFC) Announces 10% Dividend Increase to $0.55 per Share
- Dividend Increase: Bank First has declared a quarterly dividend increase from $0.50 to $0.55 per share, representing a 10% rise, which reflects the company's strong performance in maintaining profitability and cash flow, thereby boosting investor confidence.
- Yield Context: The forward yield of 1.54% may be relatively low, yet it still attracts investors seeking stable returns, indicating the company's competitive position among small-cap stocks despite the lower yield grade.
- Payment Details: The new dividend will be payable on July 8, with a record date of June 24 and an ex-dividend date also set for June 24, ensuring shareholders can promptly benefit from the dividend, which further strengthens shareholder relations.
- Financial Health: The dividend increase aligns with Bank First's historical earnings data, demonstrating the company's ongoing commitment to financial management and shareholder returns, which enhances its reputation and attractiveness in the market.
See More
Bank First Corp Reports Q1 Earnings Growth
- Earnings Performance: Bank First Corp reported Q1 earnings of $19.99 million, translating to $1.78 per share, which, while lower than last year's $18.24 million and $1.82 per share, still indicates stable profitability.
- Adjusted Earnings: Excluding special items, the company posted adjusted earnings of $25.08 million or $2.24 per share, highlighting strong core business performance and improved profitability.
- Revenue Growth: The company's revenue surged by 47.8% year-over-year to $63.75 million from $43.13 million last year, reflecting robust market demand and successful business expansion.
- Market Outlook: Despite a slight decline in EPS, the strong revenue growth and improved adjusted earnings suggest that Bank First Corp has solid growth potential moving forward, which may attract more investor interest.
See More
Bank First Q1 Earnings Miss Estimates
- Earnings Miss: Bank First's Q1 non-GAAP EPS of $2.24 fell short of estimates by $0.11, indicating pressure on profitability that could undermine investor confidence moving forward.
- Revenue Growth Lags: Although revenue surged 47.8% year-over-year to $63.7 million, it still missed expectations by $2 million, reflecting the impact of increased market competition and rising costs, which may hinder future growth prospects.
- Negative Stock Reaction: Following the earnings report, Bank First's shares dropped 1.92% in after-hours trading, signaling investor dissatisfaction with the results and potentially affecting the company's short-term market performance.
- Small-Cap Stock Analysis: Bank First is rated among the small-cap stocks with the lowest dividend yield, which may limit its appeal to income-seeking investors and exacerbate market concerns regarding its future performance.
See More
BANKFIRST Reports Q4 Earnings Per Share of USD 1.74
- Bank Performance: The bank reported a significant performance in Q4, with earnings per share (EPS) reaching $1.74.
- Financial Highlights: The financial results indicate strong growth and stability, reflecting the bank's effective management and strategic initiatives.
See More
BANKFIRST REPORTS Q4 PRETAX PROFIT OF USD 13.384 MILLION
- Financial Performance: Bank First reported a pre-tax profit of $13.384 million for the fourth quarter.
- Quarterly Results: The financial results indicate a strong performance in the bank's operations during the specified quarter.
See More
BANKFIRST REPORTS Q4 CREDIT LOSS PROVISION OF USD -2.595 MILLION
- Credit Loss Provision: Bank First has reported a provision for credit losses amounting to $2.595 million for the fourth quarter.
- Financial Impact: This provision reflects the bank's strategy to manage potential credit risks and ensure financial stability.
See More
