Stocktoria

Bank First Corp BFC

Nasdaq · stock · National Commercial Banks · website · IPO 2002-01-29

Bank First Corp statistics & valuation

Market cap$1.7B
P / E23.2×
P / B2.6×
P / FCF32.5×
Return on equity11.1%
Graham number -34.4%$103.03

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($103.03); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
201720182019202020212022202320242025
Operating margin (%)
201720182019202020212022202320242025
Return on equity (%)
9.50% 14.60% 11.60% 12.90% 14.10% 10.00% 12.00% 10.20% 11.10% 201720182019202020212022202320242025
Shares outstanding
6.8M 6.7M 7.1M 7.7M 7.6M 9.0M 10.4M 10.1M 9.9M 201720182019202020212022202320242025
Net debt ($)
-$98.5M -$107.7M $38.31B -$162.3M -$288.9M 201720182019202020212022202320242025
Share buybacks ($)
201720182019202020212022202320242025
Return on assets (%)
0.90% 1.40% 1.20% 1.40% 1.50% 1.20% 1.80% 1.50% 1.60% 201720182019202020212022202320242025
Free cash flow margin (%)
201720182019202020212022202320242025
Debt / equity (×)
0.02× 0.00× 166.80× 0.03× 0.02× 201720182019202020212022202320242025
EPS ($)
$2.44 $3.81 $3.87 $5.07 $5.92 $5.58 $7.28 $6.50 $7.23 201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Bank First Corp trades at about 21.7× earnings — above its 10-year norm (10-year range 11.6×–19.3×, median 14.3×).

11.6× 21.7×

Shaded band = 10-year range (11.6×–19.3×); dot = today's 21.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Return on assets1.6%1.5%1.8%1.2%1.5%1.4%1.2%1.4%0.9%
Return on equity11.1%10.2%12.0%10.0%14.1%12.9%11.6%14.6%9.5%
Debt / equity————0.02×0.03×166.80×0.00×0.02×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.