Bank First Corporation reported a solid financial performance for the fiscal year ending December 31, 2025, with net income rising to $71.5 million, a 9.0% increase from $65.6 million in 2024. The company's total revenue, driven by net interest income, reached $151.7 million, up from $137.8 million the previous year. This growth was attributed to a $15.3 million increase in interest income, primarily due to higher average rates on interest-earning assets, which rose from 5.45% in 2024 to 5.56% in 2025. However, the provision for credit losses also increased by $2.1 million, reflecting the growth in the loan portfolio.
In terms of strategic developments, Bank First completed the acquisition of Centre 1 Bancorp, Inc. on January 1, 2026, which is expected to enhance its market presence and expand its service offerings, particularly in trust and wealth management. This acquisition added approximately $168.8 million in merger consideration and is anticipated to be fully integrated by the second quarter of 2026. The company also reported a total of 38 banking locations across Wisconsin and Illinois, with a focus on relationship-driven banking.
Operationally, Bank First's total consolidated assets stood at $4.51 billion, with total loans of $3.60 billion and total deposits of $3.70 billion as of December 31, 2025. The bank employed approximately 380 full-time equivalent employees, maintaining an assets-to-FTE ratio of about $11.9 million. The loan portfolio saw a 2.5% increase year-over-year, with notable growth in commercial and industrial loans, which rose by 9.6%. The bank's nonperforming loans decreased to $9.0 million, representing 0.25% of total loans, indicating strong asset quality.
Looking ahead, Bank First expressed optimism about its growth trajectory, supported by its strategic initiatives and the anticipated benefits from the Centre acquisition. The company aims to continue enhancing its customer base and expanding its product offerings while maintaining strong liquidity and capital ratios. As of December 31, 2025, the bank was well-capitalized, exceeding all regulatory capital requirements, which positions it favorably for future growth opportunities.
About Bank First Corp
Bank First Corporation is a Wisconsin-based bank holding company with a wholly-owned national bank subsidiary, Bank First, N.A. It operates a community banking model serving individuals, small to mid-sized businesses, and professionals across multiple Wisconsin counties. The company offers retail and commercial banking products, including deposit accounts, loans, mortgages, and investment services. Its competitive advantage lies in local market knowledge, personalized service, strong credit culture, and diversified financial solutions.
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