Filing Flows › Bank First (BFC) › Q3 2026
Bank First (BFC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Bank First (BFC) reported revenue of $65.3M for the third quarter 2026 (Q3 2026), +48% from a year earlier and +0.5% from the quarter before. Operating margin was 45.8%, net earnings $23.8M (36.4% of revenue).
Bank First, Q3 2026: revenue $65.3M (+48% year over year), operating margin 45.8%, net earnings $23.8M, operating cash flow $28.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $65.3M | +0.5% | +48% |
| Operating profit | $29.9M | -2% | +33% |
| Net earnings | $23.8M | -4% | +32% |
| Operating cash flow | $28.6M | +17% | +85% |
| Free cash flow | $26.0M | +26% | +109% |
What changed
Revenue was $65.3M in Q3 2026, up 48% year over year and roughly flat from the previous quarter. Net interest income was the largest line at 85% of revenue. Net interest income added $17.0M year over year (up 44%), 80% of the total change.
Operating profit was $29.9M, a 45.8% margin (down 5.1 points year over year). Of the extra revenue versus a year earlier, 35% reached operating profit, below the 51% margin then. Total costs grew 63% against revenue growth of 48%. The fastest-growing cost line was Noninterest expense (+64%). Net earnings were $23.8M, up 32% year over year. The effective tax rate was 20.4%.
Operating cash flow was $28.6M (up 85% year over year), 120% of net earnings. Non-cash charges added back $720K of share-based compensation. Working capital and other items added $4.1M. Capital expenditures of $2.5M left free cash flow of $26.0M.
Questions
What was Bank First's revenue in the third quarter 2026?
Bank First (BFC) reported revenue of $65.3M for the third quarter 2026 (Q3 2026), +48% from a year earlier and +0.5% from the quarter before.
Was Bank First profitable in the third quarter 2026?
Operating profit was $29.9M (45.8% of revenue) and net earnings $23.8M.
Source: Bank First 10-Q on SEC EDGAR.