Quarterly ResultOct 20, 2026, 04:06 PM
Bank First Q3 Net Income $23.8M, EPS $2.15; Dividend Increased
AI Summary
Bank First Corporation announced its third quarter 2026 financial results, reporting a significant increase in net income and earnings per share compared to the prior year. Net income for the quarter was $23.8 million, or $2.15 per share, up from $18.0 million, or $1.83 per share, in the third quarter of 2025. The company also highlighted its progress on the acquisition of Peoples and the successful integration of Centre, which contributed to asset growth. Additionally, Bank First declared a quarterly cash dividend of $0.65 per share, reflecting an 8.3% increase from the previous quarter.
Key Highlights
- Bank First reported Q3 2026 net income of $23.8 million, or $2.15 per share, up from $18.0 million, or $1.83 per share, in Q3 2025.
- For the nine months ended September 30, 2026, net income was $68.5 million, or $6.14 per share, compared to $53.1 million, or $5.36 per share, in the prior year.
- Adjusted net income (non-GAAP) for Q3 2026 was $26.1 million, or $2.35 per share, excluding acquisition expenses and asset sale impacts.
- The company declared a quarterly cash dividend of $0.65 per share, an increase of 8.3% over the prior quarter and 44.4% over the prior-year third quarter.
- Total assets grew to $5.95 billion as of September 30, 2026, primarily due to the acquisition of Centre.
- Net interest income increased to $55.2 million in Q3 2026 from $38.3 million in Q3 2025.
- Noninterest income was $10.1 million for Q3 2026, compared to $6.0 million for Q3 2025, driven by trust and wealth management and service charges.
Price Impact
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