Bank First Corporation (BFC) financial statements (2022 and earlier)

Company profile

Business Address 402 NORTH EIGHTH STREET
MANITOWOC, WI 54220
State of Incorp. WI
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29717086108
Cash and cash equivalents29717086108
Assets held-for-sale, not part of disposal group111 
Total current assets:29817187108
Noncurrent Assets
Property, plant and equipment49433524
Long-term investments and receivables43424025
Long-term investments43424025
Intangible assets, net (including goodwill)59655320
Goodwill55554315
Intangible assets, net (excluding goodwill)49105
Total noncurrent assets:15215012970
Other undisclosed assets2,4882,3971,9941,615
TOTAL ASSETS:2,9382,7182,2101,793
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt41364631
Total current liabilities:41364631
Noncurrent Liabilities
Other undisclosed liabilities2,5742,3871,9341,587
Total liabilities:2,6152,4231,9801,619
Stockholders' equity
Stockholders' equity attributable to parent323295230174
Common stock0000
Treasury stock, value(32)(25)(25)(21)
Additional paid in capital93936328
Accumulated other comprehensive income (loss)462(0)
Retained earnings258221189168
Total stockholders' equity:323295230174
TOTAL LIABILITIES AND EQUITY:2,9382,7182,2101,793

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1059277
Gain on disposition of assets for financial service operations7921
Net investment income98  77
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(3)(7)(5)(3)
Gross profit:1021(3)74
Operating expenses(12)(13)(10)(10)
Operating income (loss):90(12)(13)64
Nonoperating income (expense)0(1)00
Gains (losses) on sales of other real estate0(1)0(0)
Bank owned life insurance income   1
Mortgage servicing rights (msr) impairment (recovery)   0
Interest and debt expense(8)(14)(19)(15)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(22)7767(18)
Income from continuing operations before income taxes:60503432
Income tax expense(15)(12)(8)(7)
Net income attributable to parent:45382725
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)  
Net income available to common stockholders, diluted:45382725

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:45382725
Other comprehensive income (loss)(2)33(1)
Comprehensive income, net of tax, attributable to parent:43413024

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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