Bank First Corp (BFC)

Quarterly Report Filed: 2026-05-11

Key Insights

The filing contains extensive fair value measurement disclosures across recurring and non-recurring categories, indicating complex asset valuations requiring detailed level 1, 2, and 3 input classifications typical of financial institutions managing significant investment portfolios.
Multiple subordinated notes outstanding (July 2020 and August 2022 issuances) suggest the bank maintains a tiered capital structure, which is standard for regional banks but warrants monitoring of refinancing risks and interest rate exposure on these instruments.
Detailed loan portfolio segmentation by origination period, grade levels (1-7), and asset type (residential, commercial, construction, multifamily, consumer) reflects sophisticated credit risk management practices and suggests management's attention to vintage analysis and loan quality monitoring.
The Q1 2026 filing shows equity account tracking across common stock, treasury stock, retained earnings, and accumulated other comprehensive income, with comparative periods extending back to Q1 2025, indicating stable capital management through the tracking period.

Current Report Filed: 2026-04-22

Key Insights

Bank First Corporation renewed its share repurchase program authorizing $60 million annually for two years (through April 20, 2028), demonstrating management confidence in the company's valuation and capital position.
The repurchase program provides management flexibility with discretionary timing, pricing, and volume decisions based on market conditions, allowing for opportunistic capital allocation rather than mandatory purchases.
This is a routine capital management disclosure filed under Regulation FD, indicating the company has excess capital available for shareholder returns while maintaining operational flexibility.

Current Report Filed: 2026-04-16

Key Insights

Bank First Corporation announced its earnings results for the quarter ended March 31, 2026, indicating the company's financial performance for the period.
The earnings release provides investors with updated financial information about the company's operations and profitability.
Investors should review the press release and the company's financial statements to assess the overall health and growth prospects of Bank First Corporation.

Insider Trading Filed: 2026-04-10

Key Insights

The reporting person, Kevin M. LeMahieu, is the Chief Financial Officer of Bank First Corp (BFC) and owns 22,021 shares of the company's common stock.
LeMahieu disposed of 1,785 shares of BFC common stock on April 9, 2026 at a price of $142.61 per share.
The transaction was not made pursuant to a 10b5-1 trading plan, indicating it was a discretionary sale by the CFO.

Insider Trading Filed: 2026-03-19

Key Insights

Daniel C. McConeghy, a director of Bank First Corp (BFC), acquired 407 shares of common stock on March 6, 2026 at $135.23 per share, increasing his direct beneficial ownership to 2,407 shares.
This insider buying activity by a director could signal management's confidence in the company's future performance and prospects.
Investors should monitor if other insiders at BFC engage in similar buying patterns, as it may indicate positive sentiment about the company's outlook.

Insider Trading Filed: 2026-03-10

Key Insights

The reporting person, Kevin M. LeMahieu, who is the Chief Financial Officer of Bank First Corp, acquired 2,316 shares of the company's common stock at a price of $135.23 per share on March 6, 2026.
This transaction increases LeMahieu's direct beneficial ownership in the company to 23,806 shares.
Insider buying, especially by a C-suite executive like the CFO, can be seen as a positive signal about the company's prospects and the executive's confidence in the stock.

Insider Trading Filed: 2026-03-10

Key Insights

The reporting person, Peter J. Van Sistine, acquired 407 shares of Bank First Corp (BFC) common stock on 03/06/2026 at a price of $135.23 per share, increasing his direct beneficial ownership to 9,488 shares.
This transaction suggests that the reporting person, who is a director of the company, has confidence in the issuer's future performance and is willing to invest additional capital.
The reported purchase, while not a large transaction in absolute terms, is notable as it represents a meaningful increase in the reporting person's direct stake in the company, which could signal positive sentiment about the issuer's prospects.

Insider Trading Filed: 2026-03-10

Key Insights

The reporting person, Todd A. Sprang, acquired 407 shares of Bank First Corp (BFC) at $135.23 per share on March 6, 2026, increasing his direct beneficial ownership to 1,561 shares.
This direct insider purchase suggests the reporting person's confidence in the company's prospects and may signal a positive outlook for BFC's performance.
Investors should monitor any further insider buying or selling activity to gauge management's sentiments and potential future stock price movements.

Insider Trading Filed: 2026-03-10

Key Insights

Michael S. Stayer-Suprick, a director of Bank First Corp (BFC), acquired 407 shares of the company's common stock at $135.23 per share on March 6, 2026.
This insider purchase indicates Stayer-Suprick's confidence in the company's prospects and aligns his interests with those of other shareholders.
The transaction amount of $55,049 is relatively small, suggesting this is a routine insider activity rather than a major strategic move.

Insider Trading Filed: 2026-03-10

Key Insights

Insider Michael Molepske, the Chairman and CEO of Bank First Corp, acquired 4,470 shares of the company's common stock on March 6, 2026 at a price of $135.23 per share. This suggests Molepske's confidence in the company's future performance.
Molepske also disposed of 2,277 shares of common stock on the same date, potentially for personal financial reasons. However, he still maintains a substantial direct ownership of 55,121 shares.
In addition to his direct holdings, Molepske also holds an indirect beneficial ownership of 47,449 shares through a trust and 1,082 shares through his spouse, indicating a strong alignment of his interests with those of other shareholders.

Insider Trading Filed: 2026-03-10

Key Insights

The President of Bank First Corp, Timothy J. McFarlane, acquired 2,793 shares of the company's common stock on March 6, 2026 at $135.23 per share, increasing his direct beneficial ownership to 68,646 shares.
This purchase indicates the President's confidence in the company's prospects and aligns his interests with those of shareholders.
The timing and amount of the transaction suggest the President sees the company's stock as undervalued, which could signal positive future performance.

Insider Trading Filed: 2026-03-10

Key Insights

Phillip R. Maples, a director of Bank First Corp (BFC), acquired 407 shares of common stock on March 6, 2026 at $135.23 per share, increasing his direct beneficial ownership to 4,251 shares.
Maples also holds an additional 1,544 shares of BFC stock indirectly through a trust, suggesting he has a significant investment in the company.
The insider buying activity by a director may signal positive sentiment about BFC's prospects and could be viewed favorably by investors.

Insider Trading Filed: 2026-03-10

Key Insights

The reporting person, Jason V. Krepline, acquired 1,380 shares of Bank First Corp (BFC) common stock on March 6, 2026 at a price of $135.23 per share, increasing his direct beneficial ownership to 33,449 shares.
Krepline, who holds the position of Chief Lending Officer, also disposed of 745 shares through a transaction at the same price, reducing his direct beneficial ownership to 32,704 shares.
The insider transactions suggest Krepline's continued confidence in Bank First Corp's performance and future prospects.

Insider Trading Filed: 2026-03-10

Key Insights

Stephen E. Johnson, a director of Bank First Corp (BFC), acquired 407 shares of common stock at a price of $135.23 on March 6, 2026, increasing his direct ownership to 27,690 shares.
Johnson also holds an indirect ownership of 2,912 shares of BFC common stock through his role as custodian under the Wisconsin Uniform Transfers to Minors Act (WUTMA).
The filing indicates that Johnson continues to be a director of BFC, demonstrating his ongoing commitment and alignment with the company's long-term strategy.

Insider Trading Filed: 2026-03-10

Key Insights

The reporting person, Robert D. Gregorski, a director of Bank First Corp (BFC), acquired 407 shares of the company's common stock on March 6, 2026 at a price of $135.23 per share.
This transaction increased Gregorski's direct beneficial ownership in BFC to 39,010 shares, suggesting his continued confidence in the company's performance.
Insider buying activity, such as this transaction by a director, can be a positive signal for investors as it indicates management's belief in the company's future prospects.

Insider Trading Filed: 2026-03-10

Key Insights

Kelly M. Dvorak, the Chief Legal Counsel of Bank First Corp, acquired 1,029 shares of common stock and disposed of 397 shares on March 6, 2026, indicating a net increase in their beneficial ownership of the company's shares.
The reported transactions were executed at a price of $135.23 per share, which suggests Dvorak's belief in the company's future performance.
Dvorak's total beneficial ownership in Bank First Corp now stands at 9,261 shares, demonstrating their continued commitment to the company.

Insider Trading Filed: 2026-03-10

Key Insights

Erin A. Davis, a director of Bank First Corp, acquired 407 shares of common stock at a price of $135.23 per share, increasing her direct beneficial ownership to 2,927 shares.
This insider buying activity suggests that Davis is optimistic about the company's prospects and sees value in the stock at the current price levels.
Investors should monitor whether this trend of insider buying continues, as it can provide valuable insights into the company's future outlook.

Insider Trading Filed: 2026-03-10

Key Insights

Mary Kay Bourbulas, a director of Bank First Corp, acquired 407 shares of common stock on March 6, 2026 at a price of $135.23 per share, increasing her direct beneficial ownership to 8,126 shares.
The transaction suggests that Ms. Bourbulas has confidence in the company's prospects and is willing to invest additional personal capital in the stock.
Insider buying can be a positive signal for investors, as it may indicate the insiders' belief that the company's shares are undervalued.

Annual Report Filed: 2026-02-27

Key Insights

The company has a mix of commercial real estate, construction, and multifamily loan portfolios, which may expose it to higher credit risk during economic downturns.
Subordinated notes issued in 2020 and 2022 indicate the company is leveraging its balance sheet to fund growth, which could increase financial risk.
Accumulated other comprehensive income has seen significant fluctuations, suggesting the company's investment portfolio may be sensitive to market conditions.

Insider Trading Filed: 2026-02-23

Key Insights

Michael B. Molepske, the Chairman and CEO of Bank First Corp, has indirectly disposed of 1,450 shares of the company's common stock at a price of $146.53 per share.
Molepske still holds a significant stake in the company, owning 47,449 shares directly and 1,082 shares indirectly through his spouse.
The transaction suggests Molepske has confidence in the company's performance and leadership, as he continues to maintain a substantial ownership position.

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Important Information