Bank First (BFC) Q3 2026 earnings summary

Executive summary

• Q3 2026 net income was $23.8M, or $2.15/share, versus $18.0M and $1.83/share YoY; adjusted net income was $26.1M, or $2.35/share, excluding acquisition expenses and certain asset-sale effects.

• 9M net income reached $68.5M, or $6.14/share, versus $53.1M and $5.36/share; adjusted net income was $78.5M, or $7.04/share.

Financial highlights

• Q3 net interest income was $55.2M, up $17.0M YoY; noninterest income was $10.1M versus $6.0M, while noninterest expense was $34.7M versus $21.1M.

• Q3 provision for credit losses was $0.8M versus $0.7M YoY; 9M provision was $0.8M, with no provision in Q2.

• Total assets were $5.95B at September 30, 2026; loans were $4.60B and deposits $5.00B.

Outlook and guidance

• Full realization of Centre operational cost savings began in Q3 and is expected in future quarters.

• Peoples acquisition was planned for December 4, 2026; management cited growth opportunities in retail products, trust and wealth management, treasury management and lending capacity.

• Leadership hires and growth investments support preparation to exceed $10B in assets.