Bank FirstBFC +0.49%67 Return-on-Tangible-Equity is 16.84% as of Mar. 2026, which is 3% above its 10-year median of 16.29. GuruFocus rates BFC with a GF Score™ of 67/100 and a GF Value™ of $136.26 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,523 Banks companies, Bank First ranks better than 80.43% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Bank First's annualized net income for the quarter that ended in Mar. 2026 was $80.0 Mil. Bank First's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $474.7 Mil. Therefore, Bank First's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 16.84%.
The historical rank and industry rank for Bank First's Return-on-Tangible-Equity or its related term are showing as below:
BFC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.86 Med: 16.29 Max: 20.68
Current: 16.52
During the past 13 years, Bank First's highest Return-on-Tangible-Equity was 20.68%. The lowest was 11.86%. And the median was 16.29%.
BFC's Return-on-Tangible-Equity is ranked better than 80.43% of 1523
companies
in the Banks industry
Industry Median: 11.2
vs BFC: 16.52
Bank First (NAS:BFC) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Bank First Return-on-Tangible-Equity Related Terms
Bank First Return-on-Tangible-Equity Historical Data
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The historical data trend for Bank First's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BFC vs CNOB, QCRH, BY: Return-on-Tangible-Equity Comparison
For the Banks - Regional subindustry, Bank First's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Bank First Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Bank First's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Bank First's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 16.84% mean?
Bank First (BFC) has a Return-on-Tangible-Equity of 16.84% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Bank First and its competitors. This is near median its historical median of 16.29. Over the past decade, Bank First's Return-on-Tangible-Equity has ranged from 11.86 to 20.68. According to the industry distribution chart, Bank First ranks #298 out of 1523 companies in the Banks industry, placing it in the top 19.6%.
Is Bank First's Return-on-Tangible-Equity too high?
Bank First's current Return-on-Tangible-Equity of 16.84% is near median its 10-year median of 16.29. Over the past 10 years, this metric has ranged from a low of 11.86 to a high of 20.68. The Banks industry median Return-on-Tangible-Equity is 11.20. Bank First's value of 16.84% is 50.4% above this industry median. Based on the distribution chart, Bank First ranks #298 out of 1523 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Bank First has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bank First's Return-on-Tangible-Equity compare to CNOB and QCRH?
According to the Banks industry distribution chart, Bank First ranks #298 out of 1523 companies for Return-on-Tangible-Equity. This places Bank First in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 11.20. Bank First's value of 16.84% is 50.4% above this benchmark. Historically, Bank First's own Return-on-Tangible-Equity has ranged from 11.86 to 20.68 over the past decade. While the company's 10-year median is 16.29 vs. the industry median of 11.20, Bank First has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.20, based on 1,523 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bank First's current Return-on-Tangible-Equity of 16.84% is 50.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Bank First and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bank First's current Return-on-Tangible-Equity is 16.84%, which is near median its own 10-year median of 16.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank First stock overvalued right now?
Based on GuruFocus' analysis, Bank First (BFC) is currently considered Fairly Valued. The stock's GF Value™ is $136.26, compared to a current price of $148.45 — trading 8.9% above its estimated fair value. The current Return-on-Tangible-Equity is 16.84%, which is near median its 10-year median of 16.29 and 50.4% above the Banks industry median of 11.20. Bank First's overall GF Score™ is 67/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Bank First (BFC), the current Return-on-Tangible-Equity is 16.84% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Bank First (BFC) Overvalued in 2026?
Based on GuruFocus' analysis, Bank First stock appears to be overvalued.
The current stock price of $148.45 is trading 8.9% above its estimated GF Value™ of $136.26.
GuruFocus considers Bank First to be Fairly Valued.
Key valuation signals for BFC:
Return-on-Tangible-Equity: 16.84% (near median its 10-year median of 16.29)
GF Value™: $136.26 vs. price of $148.45 (8.9% above fair value)
Industry Position: 50.4% above the Banks median (#298 of 1523)
No single metric tells the full story. See the BFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bank First Corp is a United States-based company engaged in providing financial services, a full range of consumer and commercial financial institution services to individuals and businesses, including retail and commercial banking in Wisconsin. These services include credit cards; secured and unsecured consumer, commercial, and real estate loans; demand, time, and savings deposits; and ATM processing. The Corporation also offers a full line of insurance services and checking accounts, savings accounts, money market accounts, cash management accounts, certificates of deposit, commercial and industrial loans, commercial real estate loans, construction and development loans, residential mortgages, consumer loans, credit cards, online banking, telephone banking, and mobile banking.
67GF Score
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