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Stock impact report

Bank First Announces Net Income for the First Quarter of 2020

Bank First Corporation (BFC) 
Last bank first corporation earnings: 4/22 09:00 am Check Earnings Report
Company Research Source: PR Newswire
MANITOWOC, Wis., April 22, 2020 /PRNewswire/ -- Bank First Corporation (NASDAQ: BFC) ("Bank First"), the holding company for Bank First, N.A., reported net income of $7.3 million, or $1.03 per share, for the first quarter of 2020, compared with net income of $6.6 million, or $1.00 per share, for the respective prior-year comparative period.Operating ResultsNet interest income during the first quarter of 2020 was $18.6 million, down $0.1 million from the previous quarter but up $3.4 million from the first quarter of 2019.Interest income related to purchased loan accounting entries, resulting from our purchases of Waupaca Bancorporation, Inc. ("Waupaca") during the fourth quarter of 2017 and Partnership Community Bancshares, Inc. ("Partnership") during the third quarter of 2019, increased net income (after tax) during the first quarter of 2020 by $0.8 million, or $0.11 per share, compared to $1.1 million, or $0.16 per share, and $0.8 million, or $0.11 per share, for the fourth and first Show less Read more
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