Descripción de la empresa
Bank First Corporation operates as a holding company that oversees Bank First, N.A., delivering a comprehensive suite of consumer and commercial financial services tailored to businesses, professionals, and individual consumers within Wisconsin. The firm functions within the broader Financial Services sector, specifically categorized under Banks - Regional, which implies a focus on localized lending, deposit gathering, and community banking operations rather than the diversified scope of national institutions. The company demonstrates a significant market presence with a market capitalization of $1.55B, generating annual revenue of $172.63M and maintaining an employee count of 380. These valuation and revenue figures indicate that Bank First Corporation holds a substantial asset base and generates meaningful income streams, positioning it as a notable entity in its regional landscape with a balance sheet large enough to support diverse financial products like checking, savings, money market, cash management, retirement, and health savings accounts.
Salud financiera
The financial performance of the entity is characterized by a trailing twelve-month revenue of $172.63M and a net income of $71.15M, while EBITDA data is not available for this reporting period. The substantial gap between the reported revenue and net income reveals a cost structure where operating expenses are relatively contained, allowing the bank to retain a significant portion of its top-line income as profit after taxes. Although free cash flow figures are not disclosed in the available data, the company holds a robust cash reserve of $243.21M, which suggests strong financial flexibility and ample liquidity to meet obligations or fund lending activities without immediate reliance on external financing. The company's profitability is highlighted by a gross margin of 0.0%, which is standard for financial institutions as revenue is recorded net of interest expense, an operating margin of 53.9% indicating efficient core banking operations, and a profit margin of 41.4% reflecting strong bottom-line efficiency. In terms of solvency, the company holds $243.21M in cash against $123.55M in debt, creating a net cash position, while the debt-to-equity ratio is not applicable or disclosed in the provided metrics. The current ratio is not reported in the available facts, limiting the ability to quantify short-term liquidity via this specific metric, though the high cash balance serves as a proxy for strong short-term asset coverage. Management effectiveness is evidenced by a return on equity of 11.1% and a return on assets of 1.6%, metrics that demonstrate the ability to generate returns on shareholder capital and utilize total assets productively within the capital-intensive banking industry.
Evaluación de valoración
Valuation metrics for Bank First Corporation include a trailing twelve-month P/E ratio of 19.19 and a forward P/E ratio of 12.90, suggesting that the market expects earnings growth that would justify a lower multiple in the future compared to current historical performance. The price-to-book ratio stands at 2.12, indicating that the market values the company at more than double its book value, which may reflect confidence in the quality of its loan portfolio and intangible assets beyond the regulatory capital requirements. Alternative valuation measures include a price-to-sales ratio of 9.00 and an EV/EBITDA ratio that is not available, providing investors with the sales multiple perspective while the earnings multiple remains dependent on the reported net income figures. The stock has traded between a 52-week high of $153.00 and a 52-week low of $96.95, meaning the current price sits within this historical range, though the specific current price level is not explicitly stated in the source data to calculate an exact percentage deviation. The beta coefficient is 0.40, which signifies that the stock's price volatility is significantly lower than the broader market, implying a defensive characteristic that moves less drastically than the general equity index during periods of market fluctuation.
Growth & Income
The company has demonstrated a revenue growth rate of 9.4% year-over-year and an earnings growth rate of 6.8% year-over-year, indicating that while earnings are expanding, they are growing at a slower pace than revenue, which suggests that net income is being influenced by factors such as interest rate spreads or non-interest expenses that are not expanding as rapidly as the top line. As a dividend payer, the company offers a dividend yield of 1.3% with a payout ratio of 24.9%, a conservative payout level that is highly sustainable given the company's earnings and provides a steady income stream without compromising capital reserves for future growth or loan loss provisions. The relatively low payout ratio combined with the positive earnings growth implies that the majority of retained earnings are being reinvested into the business to fuel asset expansion or enhance shareholder value through other means rather than being distributed immediately. Overall, Bank First Corporation presents a profile characterized by double-digit revenue expansion, moderate earnings growth, a conservative dividend policy, and a low volatility risk factor relative to the broader financial services sector.