企業概要
Bank First Corporation functions as a holding company for Bank First, N.A., providing a comprehensive suite of consumer and commercial financial services to businesses, professionals, and individual consumers within the state of Wisconsin. The institution operates within the Financial Services sector, specifically categorized under the Banks - Regional industry, which characterizes its localized operational footprint and service scope. The company maintains a market capitalization of $1.62B and employs approximately 380 individuals to support its extensive network of financial products. Its annual revenue stands at $172.63M, a figure that places the entity in a specific tier of regional banking operations where scale is defined by local market penetration rather than national breadth. These valuation and revenue metrics indicate that Bank First Corporation occupies a mid-sized position in the regional banking landscape, balancing sufficient asset base for stability with the agility typical of a regional institution focused on specific geographic markets.
財務健全性
Bank First Corporation reported a total revenue of $172.63M and a net income of $71.15M over the trailing twelve months, while EBITDA figures are not disclosed in the available financial data. The significant gap between the reported revenue and net income reveals a cost structure where operating expenses, including interest expense and administrative costs, consume a substantial portion of gross earnings before arriving at the bottom line. The company's free cash flow is not explicitly quantified in the provided facts, which limits the direct assessment of its immediate liquidity generation from operations. Despite the absence of a specific free cash flow figure, the balance sheet demonstrates a conservative stance with cash reserves of $243.21M exceeding total debt obligations of $123.55M. The debt-to-equity ratio is not available for calculation, but the surplus of cash over debt suggests a low-leverage profile relative to its interest-bearing liabilities. While the current ratio is not provided, the liquidity position appears robust given the excess cash holdings against total debt. Return on Equity stands at 11.1% and Return on Assets is 1.6%, metrics that indicate management is generating moderate returns on shareholder capital while maintaining a conservative asset yield typical of regional banking models.
バリュエーション評価
The trailing twelve-month P/E ratio is 20.00, while the forward P/E is projected at 13.45, a disparity that implies the market expects a significant acceleration in earnings growth to justify the lower multiple in the future. The price-to-book ratio is 2.21, indicating that the stock trades at a premium of more than double its book value, reflecting investor confidence in the quality of the bank's assets and intangible value beyond the tangible net worth. Alternative valuation metrics include a price-to-sales ratio of 9.38 and an EV/EBITDA ratio that is not available due to missing EBITDA data. The stock's trading range over the past year has fluctuated between a 52-week low of $96.95 and a 52-week high of $153.00, providing a clear context for current pricing levels relative to recent volatility extremes. The company exhibits a beta of 0.40, which signifies that its stock price volatility is substantially lower than that of the broader market, offering a relatively stable investment profile compared to larger, more diversified financial institutions.
Growth & Income
Revenue growth over the last year is recorded at 9.4%, whereas earnings growth is 6.8%, indicating that profitability is expanding at a slower pace than the top line, which suggests margin compression or increased operational leverage. The company offers a dividend yield of 1.3% to shareholders, and the payout ratio is set at 24.9%, a level that is highly sustainable given the strong earnings generation and conservative leverage profile observed in the balance sheet. Because the payout ratio is less than 25%, the company retains the majority of its earnings, allowing for potential internal reinvestment or the payment of dividends at a conservative rate that protects the bank's capital adequacy. Overall, Bank First Corporation presents a growth and income profile characterized by steady double-digit revenue expansion, moderate earnings growth, and a conservative dividend policy that prioritizes capital preservation over high yield distribution.