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BFC (Bank First) Return-on-Tangible-Equity : 16.16% (As of Sep. 2024)


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What is Bank First Return-on-Tangible-Equity?

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 Sep. 2024 was $66.2 Mil. Bank First's average shareholder tangible equity for the quarter that ended in Sep. 2024 was $409.8 Mil. Therefore, Bank First's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was 16.16%.

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: 15.93   Max: 20.95
Current: 20.95

During the past 13 years, Bank First's highest Return-on-Tangible-Equity was 20.95%. The lowest was 11.86%. And the median was 15.93%.

BFC's Return-on-Tangible-Equity is ranked better than
89.28% of 1530 companies
in the Banks industry
Industry Median: 10.305 vs BFC: 20.95

Bank First Return-on-Tangible-Equity Historical Data

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.

* Premium members only.

Bank First Return-on-Tangible-Equity Chart

Bank First Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.12 18.68 18.61 15.73 20.68

Bank First Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.64 36.55 15.42 16.12 16.16

Competitive Comparison of Bank First's Return-on-Tangible-Equity

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's Return-on-Tangible-Equity Distribution in the 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.



Bank First Return-on-Tangible-Equity Calculation

Bank First's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=74.514/( (316.486+404.028 )/ 2 )
=74.514/360.257
=20.68 %

Bank First's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=66.208/( (401.758+417.847)/ 2 )
=66.208/409.8025
=16.16 %

* 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 (Sep. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


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

Thank you for viewing the detailed overview of Bank First's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Bank First Business Description

Traded in Other Exchanges
Address
402 North 8th Street, Manitowoc, WI, USA, 54220
Bank First Corp is a United States-based company engaged in providing financial services provides 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.
Executives
Stephen E Johnson director 402 N. 8TH ST., MANITOWOC WI 54220
Mary Kay Bourbulas director 402 NORTH 8TH STREET, MANITOWOC WI 54220
Phillip R Maples director 402 N. 8TH STREET, MANITOWOC WI 54220
Kevin M. Lemahieu director C/O BANK FIRST NATIONAL CORPORATION, 402 NORTH 8TH STREET, MANITOWOC WI 54220
Michael B. Molepske director C/O BANK FIRST NATIONAL CORPORATION, 402 NORTH 8TH STREET, MANITOWOC WI 54220
Timothy J. Mcfarlane director, officer: President C/O BANK FIRST CORPORATION, 402 NORTH 8TH STREET, MANITOWOC WI 54220
Joan A Woldt officer: Named Executive Officer 402 N. 8TH STREET, MANITOWOC WI 54220
Jason V Krepline officer: Named Executive Officer 402 N. 8TH STREET, MANITOWOC WI 54220
Laura E Kohler director 402 N. 8TH STREET, MANITOWOC WI 54220
Robert W. Holmes director C/O BANK FIRST CORPORATION, 402 N. 8TH STREET, MANITOWOC WI 54220
Van Sistine Peter J. director C/O BANK FIRST NATIONAL CORPORATION, 402 NORTH 8TH STREET, MANITOWOC WI 54220
Michael P. Dempsey director C/O BANK FIRST NATIONAL CORPORATION, 402 NORTH 8TH STREET, MANITOWOC WI 54220
Donald R. Brisch director C/O BANK FIRST NATIONAL CORPORATION, 402 NORTH 8TH STREET, MANITOWOC WI 54220
David R Sachse director C/O BANK FIRST NATIONAL CORPORATION, 402 NORTH 8TH STREET, MANITOWOC WI 54220
Judy L Heun director 402 NORTH 8TH STREET, MANITOWOC WI 54220