Bank First Reports Q3 and YTD Net Income of $23.8M and $68.5M for 2026
Bank First Corporation (NASDAQ: BFC) reported net income of $23.8 million, or $2.15 per share, for the third quarter ended September 30, 2026, representing an increase from $18.0 million in the same period last year. For the nine months ending on that date, it earned $68.5 million ($6.14 per share), up from $53.1 million ($5.36 per share) for the prior-year period. Adjusted net income (non-GAAP), excluding acquisition expenses and asset sale gains, was $26.1 million ($2.35 per share) in Q3 2026 and $78.5 million ($7.04 per share) year-to-date. The company declared a quarterly cash dividend of $0.65 per share, an increase of 8.3% from the prior quarter and 44.4% compared to the same period in 2025. The results were positively impacted by its acquisition of Centre 1 Bancorp, which added $1.48 billion in assets and increased total assets by 33%. Net interest income rose due to purchase accounting effects from acquisitions. Bank First is also progressing toward acquiring Peoples Bank, with plans for a December 2026 merger expected to enhance its retail products, trust services, treasury management tools, and lending capacity. The CEO highlighted positive engagement during recent cultural orientation meetings.
Tickers: $PSBQ
Topics: banking dividend_announcement financial_performance
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