Overview

* Bank First ( BFC ) Q3 net income of $18 mln misses analyst expectations

* EPS of $1.83 for Q3 beats analyst estimates

* Net interest income rises to $38.3 mln, driven by loan repricing and expansion

Outlook

* Bank First ( BFC ) expects loan repricing to continue boosting loan portfolio yields

Result Drivers

* LOAN EXPANSION - Mid-single-digit loan growth and increased yields from repricing drove net interest income

* NONINTEREST INCOME - Gains on mortgage loan sales and positive valuation adjustments boosted noninterest income

* CREDIT LOSS PROVISION - Increase in loan balances led to a provision for credit losses, though asset quality remains strong

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS Beat $1.83 $1.81 (2

Analysts

)

Q3 Net Miss $18 mln $18.20

Income mln (2

Analysts

)

Q3 Net $38.30

Interest mln

Income

Q3 $0.45

Dividend

Q3 Loan $700,000

Loss

Provisio

n

Q3 Net 3.88%

Interest

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for Bank First Corp ( BFC ) is $141.00, about 11.8% above its October 20 closing price of $124.37

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)