Bank First Corporation (BFC) Q3 FY2026 earnings

Reported results

• Net income (GAAP): $23.8 million for Q3 2026 vs. $18.0 million for Q3 2025; $68.5 million for nine months 2026 vs. $53.1 million for nine months 2025
• Earnings per common share (GAAP): $2.15 for Q3 2026 vs. $1.83 for Q3 2025; $6.14 for nine months 2026 vs. $5.36 for nine months 2025
• Adjusted net income (non-GAAP): $26.1 million ($2.35 per share) for Q3 2026 vs. $18.8 million ($1.91 per share) for Q3 2025; $78.5 million ($7.04 per share) for nine months 2026 vs. $53.8 million ($5.42 per share) for nine months 2025
• Net interest income (NII): $55.2 million for Q3 2026, up $0.2 million sequentially and up $17.0 million year-over-year
• Net interest margin (NIM): 4.07% for Q3 2026 vs. 4.13% for Q2 2026 and 3.88% for Q3 2025
• Provision for credit losses: $0.8 million in Q3 2026 vs. $0.7 million in Q3 2025; no provision recorded in Q2 2026

Notes

The release reflects the impact of the Centre acquisition (closed January 1, 2026, adding $1.48 billion in assets) and acquisition-related expenses. Adjusted net income (non-GAAP) removes acquisition expenses and gains/losses on asset sales. The Bank anticipates a planned December 4, 2026 acquisition of Peoples (PSB Holdings). Purchase accounting benefits from the Centre acquisition are detailed separately in the NII discussion. Share repurchases totaled $23.9 million for YTD 2026. A quarterly dividend of $0.65 per share was declared, representing an 8.3% increase from the prior quarter and 44.4% increase from the prior-year third quarter.

Price and volatility reaction

The stock moved -4.2% on the print. No front-expiry chain was on file, so there is no straddle expected move.

Source

The figures above come from the earnings release the company filed with the SEC on 2026-10-20 (8-K, Item 2.02). Read the original filing on sec.gov.