Bank First Corp
ir.bankfirst.comWhat Do They Do?
Provides commercial and retail loans, deposit accounts, and treasury services to individuals, businesses, and professionals in Wisconsin and Illinois.
10-K for FY2025, filed Feb 27, 2026
How Do They Make Money?
Borrowers pay interest on loans, and the bank earns interest on investments; customer deposits fund these assets. It also earns income from servicing loans it sells and from its insurance-agency investment.
10-K for FY2025, filed Feb 27, 2026
$221.7M
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10-K for FY2025, filed Feb 27, 2026
$221.7M ↗
Who Are Their Customers?
Serves individuals, small and midsize businesses, and professional firms in its markets with retail and commercial banking through its locations; online, telephone, and mobile banking are also available.
10-K for FY2025, filed Feb 27, 2026
Do Revenues Turn Into Profits?
Yes. It kept 32 cents of every revenue dollar as net income in FY2025 and turned 23 cents into free cash flow.
How Are They Changing?
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May 19, 2026
Agreed to acquire PSB Holdings
The merger is expected to close in the fourth quarter of 2026, subject to shareholder, regulatory, and other closing conditions.
Sources
8-K, filed May 19, 2026
On May 19, 2026, Bank First Corporation, a Wisconsin corporation (“BFC”), entered into an Agreement and Plan of Merger (the “Merger…View ↗
Growing. Revenue grew 2.3x in 4 years, from $98.4M in FY2021 to $221.7M in FY2025, about 23% a year.
Expanded into Illinois
The older report describes branches in Wisconsin; the latest report says Bank First serves communities in Wisconsin and Illinois.
10-K for FY2022, filed Mar 10, 2023 10-K for FY2025, filed Feb 27, 2026Bank First Corporation is a Wisconsin corporation that was organized in April 1982 to serve as the holding company for Bank First, N.A., a…View ↗
Bank First is a full-service community bank, offering business and retail products and services in communities throughout Wisconsin and…View ↗
Exited the UFS investment
The older report describes UFS as a provider of data-processing, cybersecurity, and digital banking services and lists it among the Bank’s subsidiaries; the latest report says the Bank sold its UFS interest to a third party.
10-K for FY2022, filed Mar 10, 2023 10-K for FY2025, filed Feb 27, 2026The Bank has four subsidiaries: UFS, LLC (“UFS”), Bank First Investments, Inc., TVG Holdings, Inc. (“TVG”) and BFC Title, LLC. UFS is a…View ↗
The Bank, through its 100% owned subsidiary TVG Holdings, Inc., holds a 40% ownership interest in Ansay & Associates, LLC, an insurance…View ↗
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