Bank First Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 6, 2026, reporting third-quarter net income of $23.8 million and total assets of approximately $5.95 billion.

Key Highlights

  • Net income: $23,809 thousand for the three months ended September 30, 2026, compared with $17,990 thousand for the same period in 2025.
  • Diluted earnings per share: $2.15 for Q3 2026, compared with $1.83 for Q3 2025.
  • Total assets: $5,947,512 thousand as of September 30, 2026, up from $4,506,095 thousand at December 31, 2025.
  • Net interest income: $55,218 thousand for Q3 2026, compared with $38,253 thousand for Q3 2025.
  • Total loans (gross): $4,595,886 thousand as of September 30, 2026, compared with $3,604,651 thousand at December 31, 2025.
  • Total deposits: $5,001,823 thousand as of September 30, 2026, compared with $3,695,787 thousand at December 31, 2025.
  • Shares outstanding: 11,045,182 as of November 6, 2026, per the filing cover page.

Bank First Corporation's Third-Quarter 2026 Financial Results and Balance Sheet Growth

According to the filing, Bank First Corporation (NASDAQ:BFC), a Wisconsin-based bank holding company headquartered in Manitowoc, reported net income of $23,809 thousand for the three months ended September 30, 2026, an increase from $17,990 thousand in the comparable prior-year quarter. For the nine months ended September 30, 2026, the company disclosed net income of $68,488 thousand, compared with $53,106 thousand for the nine months ended September 30, 2025. Basic and diluted earnings per share were each $2.15 for the third quarter and $6.14 for the nine-month period, the filing states.

The filing reports total interest income of $75,988 thousand for Q3 2026 versus $55,456 thousand for Q3 2025, while total interest expense was $20,770 thousand compared with $17,203 thousand in the prior-year period. Net interest income after provision for credit losses reached $54,468 thousand for Q3 2026. The provision for credit losses was $750 thousand for both the third quarter of 2026 and 2025. Total noninterest income was reported at $10,111 thousand for Q3 2026, up from $5,953 thousand for Q3 2025, with trust and wealth management income rising to $1,606 thousand from $14 thousand in the year-ago quarter.

On the balance sheet, total assets grew to $5,947,512 thousand as of September 30, 2026, from $4,506,095 thousand at December 31, 2025, according to the filing. Goodwill increased to $244,726 thousand from $175,106 thousand over the same period, and core deposit intangibles, net, rose to $40,489 thousand from $16,200 thousand, which the filing presents alongside other balance sheet changes. Total stockholders' equity was reported at $826,438 thousand, compared with $643,836 thousand at year-end 2025. The allowance for credit losses on loans stood at $56,828 thousand as of September 30, 2026, against $44,374 thousand at December 31, 2025. The company also disclosed other real estate owned of $2,420 thousand at September 30, 2026, compared with zero at December 31, 2025.

What Was Disclosed

Bank First Corporation's 10-Q for the quarter ended September 30, 2026 disclosed quarterly net income of $23,809 thousand, diluted EPS of $2.15, total assets of approximately $5.95 billion, and total deposits of approximately $5.00 billion, reflecting material growth across the balance sheet compared with year-end 2025.