Today, after the trading day wraps up, Bank First Corporation (NASDAQ: BFC) released its earnings report, offering investors a glimpse into the company’s -third quarter performance.
The market is abuzz with the news that the top line and bottom line have surpassed market forecasts.
The enterprise closed the quarter with a adjusted income of $1.65 per share, gone beyond the street forecasted $1.54 profit per share by $0.11.
Despite that, the revenues for the quarter adding up $40.78 million, gone beyond analysts predicted $39.2 million by $1.576 million.
According to GAAP, the company saw a quarterly profit of $1.65 per share, which is a 15.4 percent advance from the previous year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q3 2024 | $1.65 | +13.0% | 40.78 M | +3.7% |
| Historical Earnings Insight | ||||
| Q2 2024 | $1.56 | +9.9% | 38.88 M | +1.4% |
| Q1 2024 | $1.51 | +0.7% | 37.75 M | -0.7% |
| Q4 2023 | $1.44 | -7.1% | 75.37 M | +118.4% |
| Q3 2023 | $1.46 | -13.6% | 39.31 M | +19.5% |
| Q2 2023 | $1.42 | -8.4% | 38.34 M | +31.7% |
| *Growth on year-over-year basis | ||||
The diluted earnings grew 13.01 percent, besides revenues accelerated 3.72 percent when looking at the corresponding quarter of prior year.
The board of directors approved a quarterly cash dividend of $0.45 per common share, payable on January 6, 2025, to shareholders of record as of December 23, 2024.
This dividend represents a 12.5% increase over the previous quarter’s dividend and a 50.0% increase over the dividend declared one year earlier.
The day’s trading saw Bank First (BFC) shares hit a low of $88.63 and a high of $93.40, with a day volume of 23.40 thousand shares. The stock closed the regular trading session at $91.20, marking 1.90 percent upturn.
