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BFC Financial Statements and Analysis

NASDAQ : BFC

Bank First Corporation

$102.64
1.16+1.14%
Open: 1:28 PM
69.11
B+ESG ScoreESG Rating

BFC FINANCIAL STATEMENTS

An instrumental part of fundamental analysis is measuring key indicators of an asset, which are the factors that can influence its value and price. However, sometimes investors show more interest in financial statements with other factors to determine whether investing in that company is the right decision. Financial statements of a company include:

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement

BFC Income Statement

A company's income statement helps investors and business owners determine whether the company is profitable or losing money. Profitability is a key factor investors consider before investing in a stock. Income statements provide them with information about a company's profitability over time. The statement also enables them to observe trends in company spending and earnings since it breaks down individual costs and revenues. Income statements also provide details on where a company's money is going when it isn't profitable or its profits fluctuate.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
revenue39.714M54.306M52.703M42.869M37.684M
cost of revenue001.22M00
gross profit39.714M54.306M51.483M42.869M37.684M
gross profit ratio1.001.000.9771.001.00
research and development expenses00000
general and administrative expenses10.118M10.004M2.627M2.136M12.613M
selling and marketing expenses61.00K79.00K95.00K99.00K60.00K
selling general and administrative expenses10.179M10.083M16.492M15.262M12.673M
other expenses29.535M-7.95M-7.684M-7.781M-30.692M
operating expenses39.714M7.95M7.684M7.781M-18.019M
cost and expenses38.249M35.624M36.284M35.692M-18.019M
interest income54.032M49.347M4.397M-75.705M46.989M
interest expense18.149M16.34M15.923M15.747M12.931M
depreciation and amortization01.475M2.064M1.604M1.626M
ebitda021.86M19.286M-3.459M21.291M
ebitda ratio0-0.023-0.031-0.0810.565
operating income19.614M21.075M18.851M49.471M19.665M
operating income ratio0.4940.3880.3581.1540.522
total other income expenses net1.062M1.145M803.00K46.012M19.665M
income before tax20.676M19.827M17.222M46.012M19.665M
income before tax ratio0.5210.3650.3271.0730.522
income tax expense4.124M3.768M1.81M11.114M4.861M
net income16.552M16.059M15.412M34.898M14.804M
net income ratio0.4170.2960.2920.8140.393
eps1.661.591.513.391.43
eps diluted1.651.591.513.381.43
weighted average shs out9.96M10.026M10.178M10.308M10.331M
weighted average shs out dil10.012M10.026M10.178M10.339M10.331M
Graph

BFC Balance Sheet

Balance sheet summarizes a company's financials and can be used as a basis by investors to determine the value of a company. It shows the value of the stock, as well as the assets and liabilities of the company. A company's balance sheet displays how its assets are put to use and how those assets are financed, based on the liabilities section. Both investors and analysts analyze a company's balance sheet to determine how it allocates its resources.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
cash and cash equivalents204.428M98.95M83.374M247.468M75.776M
short term investments24.782M127.977M138.42M159.969M179.046M
cash and short term investments204.428M98.95M83.374M247.468M254.822M
net receivables00000
inventory00000
other current assets000250.041M77.62M
total current assets204.428M98.95M86.048M250.041M254.822M
property plant equipment net69.71M68.633M69.621M69.891M70.994M
goodwill175.106M175.106M175.106M175.106M203.705M
intangible assets22.592M37.715M38.852M40.664M13.733M
goodwill and intangible assets197.698M212.821M213.958M215.77M217.438M
long term investments294.988M294.099M103.27M234.799M256.20M
tax assets0-3.954B3.555B21.886M0
other non current assets0-286.537M72.504M3.445B-544.632M
total non current assets562.396M289.016M4.014B3.987B544.632M
other assets3.528B3.758B003.288B
total assets4.294B4.146B4.10B4.237B4.088B
account payables00000
short term debt00075.832M17.876M
tax payables00000
deferred revenue00000
other current liabilities0001.767B1.065B
total current liabilities0975.845M990.574M1.843B1.083B
long term debt147.346M77.321M47.295M51.394M70.319M
deferred revenue non current0001.667B0
deferred tax liabilities non current00015.343M0
other non current liabilities03.454B3.443B40.40M-70.319M
total non current liabilities147.346M3.531B2.50B1.774B70.319M
other liabilities3.666B-975.845M00-1.083B
capital lease obligations001.499M1.498M1.498M
total liabilities3.666B3.531B3.491B3.617B70.319M
preferred stock00000
common stock0115.00K115.00K115.00K115.00K
retained earnings384.936M372.42M359.872M348.001M316.212M
accumulated other comprehensive income loss-6.476M-9.371M-9.411M-8.746M-19.755M
other total stockholders equity250.435M251.415M258.754M280.428M280.757M
total stockholders equity628.895M614.579M609.33M619.798M577.329M
total equity628.895M614.579M609.33M619.798M577.329M
total liabilities and stockholders equity4.294B4.146B4.10B4.237B4.088B
minority interest00000
total investments319.77M422.076M103.27M234.799M435.246M
total debt147.346M102.321M48.879M128.724M70.319M
net debt-57.082M3.371M-34.495M-118.744M-5.457M
Graph

BFC Cash Flow

A cash flow statement is regarded as a valuable indicator of profitability and the long-term outlook for a company. It assists the company in evaluating whether it has sufficient funds to cover its expenses. Essentially, a cash flow statement represents an organization's financial health. The cash flow statement, which measures the business's ability to operate in the short as well as long term, is broken down into operating, investing, and financing activities.

Date2024-06-302024-03-312023-12-312023-09-302023-06-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202320232023
periodQ2Q1Q4Q3Q2
deferred income tax00-1.724M-2.376M-2.573M
stock based compensation539.00K554.00K561.00K561.00K564.00K
change in working capital1.755M-15.388M16.616M4.586M-2.756M
accounts receivables00000
inventory00000
accounts payables00000
other working capital1.755M-15.388M000
other non cash items-84.00K2.048M-30.109M-2.102M-513.00K
net cash provided by operating activities16.171M-76.00K22.324M17.48M11.049M
investments in property plant and equipment-1.207M-778.00K-2.172M-4.56M-4.048M
acquisitions net2.38M0-4.554M0-3.925M
purchases of investments0-93.687M-26.646M03.925M
sales maturities of investments14.032M89.554M44.61M7.40M5.092M
other investing activites1.205M261.00K12.767M-38.106M15.147M
net cash used for investing activites-28.127M-41.524M24.005M-35.266M16.191M
debt repayment-55.00M-79.871M-38.208M-6.611M-773.00K
common stock issued65.00K55.00K51.00K63.00K44.00K
common stock repurchased-7.943M-22.283M-941.00K-1.037M-1.341M
dividends paid-3.511M-3.541M-3.109M-3.117M-3.117M
other financing activites85.986M-92.546M111.094M-7.062M-80.418M
net cash used provided by financing activities27.532M-122.494M68.887M-17.764M-85.605M
effect of forex changes on cash00-97.266M37.229M60.037M
net change in cash15.576M-164.094M171.692M-35.55M-58.365M
cash at end of period98.95M83.374M247.468M75.776M111.326M
cash at beginning of period83.374M247.468M75.776M111.326M169.691M
operating cashflow16.171M-76.00K22.324M17.48M11.049M
capital expenditure-1.207M-778.00K-2.172M-4.56M-4.048M
free cash flow14.964M-854.00K20.152M12.92M7.001M
Graph

Frequently Asked Questions

How did Bank First Corporation do last quarter? What was its Total Revenue and Cost of Revenue?

A company's Total Revenue reveals how much money it generates before any expenses or deductions are made. As a result, this metric informs investors/stakeholders how much money the business makes. Tracking and understanding it is essential for evaluating a company's growth. As opposed to revenue, Cost of Revenue is any expenses a business incur to generate revenue. There can be high revenue in a business, but if the costs are high, it won't make a profit and will go out of business when money runs out. Therefore, BFC generated $39.71M in revenue last quarter, while its costs came in at $0.00.

Last quarter, how much Gross Profit did Bank First Corporation report?

A business's Gross Profit is a key indicator of its profitability and financial performance. In other words, it reflects how efficiently a business uses labor, raw materials, and other resources. Bank First Corporation reported a $39.71M Gross Profit for the quarter ended Jun 30, 2024.

Have BFC's Total Operating Expenses and Operating Income been favorable recently?

Operational Expenses represent the costs a company must incur to generate revenue, which is the ultimate goal of a business, whereas Operating Income shows the revenue left after operational direct and indirect costs have been deducted. BFC incurred $39.71M worth of Operating Expenses, while it generated $19.61M worth of Operating Income.

How much Net Income has BFC posted recently?

The Net Income of a company is one of the factors investors consider when investing in the company. According to recent earnings report from Bank First Corporation, the company generated $16.55M in Net Income. When a company has a history of consistent net income, investors are more likely to invest in it since they know they will get a return.

At the end of the last quarter, how much Cash and Equivalents did Bank First Corporation have?

The amount of Cash and Cash Equivalents is an effective indicator of the financial strength and well-being of a company. An excess cash situation occurs when a company has more cash and cash equivalents than it needs for operating activities. The amount of Cash and Cash Equivalents available to Bank First Corporation as of the end of the last quarter was $204.43M.

What are BFC's Total Net Receivables for the last quarter?

Total Net Receivables are a company's outstanding debts to its customers. Therefore, it refers to the amount that a company expects to collect from its customers. The higher a company's net receivables are, the more confident it is that it can collect money from its debtors. As of the end of the last quarter, BFC had Total Net Receivables of $0.00.

In terms of Total Assets and Current Assets, where did Bank First Corporation stand at?

An asset with an economic value within a year is considered a current asset. Total assets, however, also include long-term fixed assets, intangible assets, and other non-current assets. The current Assets of BFC were $204.43M, while the Total Assets stand at $4.29B.

As of the last quarter, how much Total Debt did Bank First Corporation have?

The total debt of a business refers to how much it borrows. A company's current and long-term liabilities are added together to calculate its Total Debt. A debt ratio may be taken into account on a balance sheet by financial lenders, investors, and business leaders when making informed decisions about future loans or investments. The total amount of BFC's debt was $147.35M at the end of the last quarter.

What were BFC's Total Liabilities during the last reported quarter?

A company's total liabilities are the sum of all debts it is liable for, including any off-balance shee liabilities it may incur. This can be calculated by adding up all short-term and long-term liabilities. In its last quarter, BFC reported total liabilities of $3.67B.

How much did BFC's Working Capital change over the last quarter?

Working Capital Change for BFC was $1.76M over the last quarter. Working Capital Change refers to the difference between net working capital amounts at the end of one accounting period and the end of another. It tells investors/stakeholders how much the company's cash flow will differ from its Net Income (i.e., after-tax profits). More powerful companies often have positive Change in Working Capital numbers as they have increased control over collecting cash from customers and delaying payments to suppliers.

BFC generated how much cash from operating activities?

An operating cash flow statement usually contains cash from operating activities in the first section. An organization's cash from operating activities refers to the money it takes in and takes out as a result of its regular business operations. BFC generated $16.17M of Cash from Operating Activities during its recently reported quarter.

What was BFC's latest reported Net Change in Cash?

An increase or decrease in cash and cash equivalent balances within a specified period is considered the net change in cash in a cash flow statement. Furthermore, it takes into account cash changes as a result of investments, financing, and operating activities. BFC reported a $15.58M Net Change in Cash in the most recent quarter.

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