Overview

* BankFirst ( BFCC ) Q3 net income falls to $5.20 mln due to Magnolia Acquisition credit loss provision

* Net interest income rises to $28.82 mln in Q3, up from $21.21 mln a year ago

* Company repurchased 23,000 shares under $10 mln stock repurchase program

Outlook

* Company plans to complete core data processing systems conversion in November 2025

* BankFirst may exercise option to repurchase Senior Preferred as early as Q2 2028

Result Drivers

* MAGNOLIA ACQUISITION - $4.14 mln provision for credit loss related to Magnolia impacted net income

* NET INTEREST INCOME - Increased to $28.82 mln due to higher loan yields and larger loan balance

* STOCK REPURCHASE - Repurchased 23,000 shares under $10 mln stock repurchase program

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.83

Q3 Net $5.20

Income mln

Q3 Net $28.81

Interest mln

Income

Q3 $6.57

Pretax mln

Profit

Q3 $5.70

Provisio mln

n for

Credit

Losses

Press Release:

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(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.)