Bank First Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St · 10/17 11:01

Bank First (NASDAQ:BFC) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$40.8m (up 3.9% from 3Q 2023).
  • Net income: US$16.6m (up 12% from 3Q 2023).
  • Profit margin: 41% (up from 38% in 3Q 2023). The increase in margin was primarily driven by higher revenue.
  • EPS: US$1.65 (up from US$1.43 in 3Q 2023).
earnings-and-revenue-history
NasdaqCM:BFC Earnings and Revenue History October 17th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bank First Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 6.5% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 7.1% from a week ago.

Risk Analysis

Be aware that Bank First is showing 1 warning sign in our investment analysis that you should know about...