Bank First Reports Q2 Net Income of $24.7 Million for 2026
Bank First Corporation (NASDAQ: BFC) reported net income of $24.7 million, or $2.21 per share, for the second quarter of 2026, up from $16.9 million in the same period last year. For the six months ending June 30, 2026, it earned $44.7 million ($3.99 per share), compared to $35.1 million ($3.53 per share) for the prior-year period. Adjusted net income (non-GAAP) was higher at $27.3 million and $52.4 million respectively, reflecting removal of acquisition expenses and asset sale gains. The company declared a quarterly cash dividend of $0.60 per share, representing increases of 9.1% from the prior quarter and 33.3% compared to the second quarter of last year. The acquisition of Centre Bancorp in January 2026 contributed significantly to growth, increasing total assets by 33%. Net interest income rose $18.3 million year-over-year due partly to purchase accounting adjustments from recent acquisitions. Bank First's CEO emphasized disciplined growth and long-term shareholder value over regulatory thresholds like surpassing $10 billion in assets.
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