BFC (Bank First) Scaled Net Operating Assets: 0.08 (As of Mar. 2026)


BFC Bank First Corp BFC
68 GF Score
Price $144.69
GF Value $135.64
Valuation Fairly Valued
! 4 Warning Signs
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What is Bank First Scaled Net Operating Assets?

Bank First BFC -0.92% 68 Scaled Net Operating Assets is 0.08 as of Mar. 2026. GuruFocus rates BFC with a GF Score™ of 68/100 and a GF Value™ of $135.64 (Fairly Valued). The stock has 4 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Bank First's operating assets for the quarter that ended in Mar. 2026 was $5,479.3 Mil. Bank First's operating liabilities for the quarter that ended in Mar. 2026 was $5,124.3 Mil. Bank First's Total Assets for the quarter that ended in Dec. 2025 was $4,506.1 Mil. Therefore, Bank First's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.08.

BFC
68GF Score
Bank First Corp BFC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Bank First Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Bank First's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(4262.888-3740.293)/4495.06
=0.12

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4506.095 - 243.207
=4262.888

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3862.259 - 91.966 - 30
=3740.293

Bank First's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(5479.306-5124.315)/4506.095
=0.08

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=6069.013 - 589.707
=5479.306

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5249.16 - 124.845 - 0
=5124.315

* 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.

What does a Scaled Net Operating Assets of 0.08 mean?
Bank First (BFC) has a Scaled Net Operating Assets of 0.08 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Bank First and its competitors.
Is Bank First's Scaled Net Operating Assets too high?
Bank First's current Scaled Net Operating Assets is 0.08. Overall, Bank First has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bank First's Scaled Net Operating Assets compare to RBCAA and QCRH?
Bank First's Scaled Net Operating Assets of 0.08 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Banks company?
A good Scaled Net Operating Assets depends on the Banks industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Bank First and its competitors. Bank First's current Scaled Net Operating Assets is 0.08. 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 $135.64, compared to a current price of $144.69 — trading 6.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.08. Bank First's overall GF Score™ is 68/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Bank First (BFC), the current Scaled Net Operating Assets is 0.08 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 $144.69 is trading 6.7% above its estimated GF Value™ of $135.64. GuruFocus considers Bank First to be Fairly Valued.

Key valuation signals for BFC:

  • Scaled Net Operating Assets: 0.08
  • GF Value™: $135.64 vs. price of $144.69 (6.7% above fair value)
  • GF Score™: 68/100 with 4 warning signs

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 Business Description

Address 402 North 8th Street, Manitowoc, WI, USA, 54220
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.
68GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$144.69
Price
$135.64
GF Value