Bank First Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 16, 2024 at 04:55 pm EST
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Bank First Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 32.92 million compared to USD 30.62 million a year ago. Net income was USD 34.9 million compared to USD 12.84 million a year ago. Basic earnings per share from continuing operations was USD 3.39 compared to USD 1.43 a year ago. Diluted earnings per share from continuing operations was USD 3.39 compared to USD 1.43 a year ago.
For the full year, net interest income was USD 133.48 million compared to USD 104.09 million a year ago. Net income was USD 74.51 million compared to USD 45.21 million a year ago. Basic earnings per share from continuing operations was USD 7.28 compared to USD 5.58 a year ago. Diluted earnings per share from continuing operations was USD 7.28 compared to USD 5.58 a year ago.
Bank First Corporation serves as the holding company of Bank First, N.A. (the Bank). The Bank has about 26 offices, including its headquarters, in Brown, Columbia, Dane, Fond du Lac, Jefferson, Manitowoc, Monroe, Outagamie, Ozaukee, Shawano, Sheboygan, Waupaca, Waushara, and Winnebago counties in the State of Wisconsin. The Bank serves businesses, professionals, and consumers with a variety of financial services, including retail and commercial banking. The Bank offers products, including checking accounts, savings accounts, money market accounts, cash management accounts, certificates of deposit, commercial and industrial loans, commercial real estate loans, construction and development loans, residential mortgages, consumer loans, online banking, telephone banking and mobile banking. The Bank has three subsidiaries: Bank First Investments, Inc., TVG Holdings, Inc. (TVG) and BFC Title, LLC. Bank First Investments, Inc. provides investment and safekeeping services to the Bank.