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Dec 31, 2023
Bank First Q4 2023 Earnings Report
Reported net income and growth through acquisitions.
Key Takeaways
Bank First Corporation reported a net income of $34.9 million for the fourth quarter of 2023, compared to $12.8 million for the same period last year. The results include significant one-time transactions. Total assets reached $4.22 billion, and total loans were $3.34 billion.
Net income for Q4 2023 was $34.9 million, or $3.39 per common share.
Adjusted net income (non-GAAP) for Q4 2023 was $14.8 million, or $1.44 per share.
Net interest income was $32.9 million for Q4 2023.
Total assets reached $4.22 billion at the end of 2023, with loans at $3.34 billion and deposits at $3.43 billion.
Forward Guidance
The bank anticipates a decrease in the effective income tax rate in future quarters as a result of the current Wisconsin state budget.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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