What is the 13F Pro Quality Score for BFC?

13F Pro ranks Bank First Corp (BFC) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View BFC's current score at https://13fpro.ai/research/BFC (free sign-up required for the full ranking).

Which hedge funds own the most BFC stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of BFC include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/BFC as soon as new 13F filings post.

Where does 13F Pro source BFC data?

All Bank First Corp fundamentals and ownership data come directly from SEC EDGAR. Bank First Corp files with the SEC under CIK 1746109. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is BFC in?

Bank First Corp (BFC) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

How often is BFC research updated on 13F Pro?

BFC's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Bank First Corp(BFC)Stock Analysis

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13F Pro Quality Score

Not in ranked universe

Pending next ranking run

This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.

Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.

BFC Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Bank First Corp (BFC), a Financials sector company. BFC is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), Bank First Corp reports quarterly revenue of $63.7M, net income of $20.0M, an operating margin of 38.7%. Top institutional holders of BFC by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. BFC trades on the Nasdaq exchange and files with the SEC under CIK 1746109. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BFC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Bank First Corp directly from SEC EDGAR.

Revenue

Q1 2026

$63.7M

Net Income

Q1 2026

$20.0M

Free Cash Flow

Q1 2026

$-16.9M

Operating Margin

Q1 2026

38.7%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Net Income

+57.3% YoY

$71.5MFY 2025

FY19 $26.7MFY20 $38.0MFY21 $45.4MFY25 $71.5M

EPS (Diluted)

+22.1% YoY

$7.23FY 2025

FY19 $3.87FY20 $5.07FY21 $5.92FY25 $7.23

Total Assets

+53.4% YoY

$4.51BFY 2025

FY19 $2.21BFY20 $2.72BFY21 $2.94BFY25 $4.51B

Total Debt

—FY 2025

FY19 $39.80BFY20 $8.0MFY21 $8.0MFY25 —

Op. Cash Flow

+55.1% YoY

$62.5MFY 2025

FY19 $22.6MFY20 $44.0MFY21 $40.3MFY25 $62.5M

Metric	FY 2025	FY 2021	FY 2020	FY 2019	FY 2018	FY 2015
Net Income	$71.5M +57.3%	$45.4M +19.4%	$38.0M +42.5%	$26.7M +4.9%	$25.5M	—
EPS (Diluted)	$7.23 +22.1%	$5.92 +16.8%	$5.07 +31.0%	$3.87 +1.6%	$3.81	—
Total Assets	$4.51B +53.4%	$2.94B +8.1%	$2.72B +23.0%	$2.21B +23.3%	$1.79B	—
Total Debt	—	$8.0M +0.0%	$8.0M -100.0%	$39.80B	$0.00	—
Operating Cash Flow	$62.5M +55.1%	$40.3M -8.4%	$44.0M +94.1%	$22.6M -1.8%	$23.1M	—

AI Insight: BFC Financial Trends

Q1 2026 net income jumped to $20M — a new high — but operating cash flow turned sharply negative at -$12M, a significant red flag.

• Net income rose from $16M in Q2 2024 to $20M in Q1 2026, marking steady albeit modest earnings progression over eight quarters.

• Equity surged from $612M in Q2 2025 to $820M in Q1 2026, a $208M jump suggesting a capital raise or acquisition activity.

• Operating cash flow turned negative to -$12M in Q1 2026, reversing the seasonal pattern seen in Q1 2025 at $6M.

⚠ Operating CF of -$12M in Q1 2026 is the first negative reading in the dataset — diverges sharply from $20M net income.

⚠ Equity spike of ~$208M in Q1 2026 warrants clarity on source — dilutive issuance or acquisition could affect per-share value.

AI Insight: BFC Ratio Trends

BFC's ROIC peaked at 14.3% in Q3 2025 but slid sharply to 12.0% in Q1 2026, erasing roughly half the gains built since Q2 2024.

• ROIC expanded steadily from 12.9% in Q2 2024 to a peak of 14.3% in Q3 2025, a 140bp improvement over five quarters.

• Q1 2026 ROIC collapsed to 12.0%, a 230bp drop from the Q3 2025 peak — the sharpest single-quarter decline in the dataset.

• ROA fell from a steady 1.6% (Q2 2024–Q4 2025) to 1.3% in Q1 2026, signaling weaker asset-level profitability.

• ROE dropped from 11.4% in Q4 2025 to 9.8% in Q1 2026, the lowest quarterly reading since Q2 2024.

⚠ Q1 2026 weakness may reflect seasonality; confirm whether Q2 2026 ROIC recovers back above 13% before concluding trend reversal.

⚠ TTM ROIC of 11.1% and ROA of 1.2% lag all individual quarters shown, suggesting Q1 2026 is dragging trailing returns materially lower.

⚠ OpMargin, NPM, and D/E are absent throughout; lack of leverage and margin data limits full assessment of earnings quality.

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Available Research

13F Pro tracks comprehensive data for Bank First Corp including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of BFC

BlackRock, Inc.
$102.9M762,199 sh
VANGUARD CAPITAL MANAGEMENT LLC
$63.6M470,978 sh
STATE STREET CORP
$47.2M348,487 sh
GEODE CAPITAL MANAGEMENT, LLC
$38.1M282,107 sh
Merit Financial Group, LLC
$23.9M176,727 sh
DIMENSIONAL FUND ADVISORS LP
$21.6M159,678 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$18.4M135,930 sh
BANK OF MONTREAL /CAN/
$14.0M103,836 sh
NORTHERN TRUST CORP
$13.3M98,405 sh
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
$11.3M83,967 sh

Fund	Value	Shares
BlackRock, Inc.	$102.9M	762,199
VANGUARD CAPITAL MANAGEMENT LLC	$63.6M	470,978
STATE STREET CORP	$47.2M	348,487
GEODE CAPITAL MANAGEMENT, LLC	$38.1M	282,107
Merit Financial Group, LLC	$23.9M	176,727
DIMENSIONAL FUND ADVISORS LP	$21.6M	159,678
VANGUARD PORTFOLIO MANAGEMENT LLC	$18.4M	135,930
BANK OF MONTREAL /CAN/	$14.0M	103,836
NORTHERN TRUST CORP	$13.3M	98,405
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$11.3M	83,967

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Is BFC a good stock to buy?

13F Pro's AI-powered analysis of Bank First Corp (BFC) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for BFC are available on the BFC stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own BFC?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling BFC. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Bank First Corp's investment landscape.