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Bank First vs Financial Institutions: BFC and FISI compared
Bank First is the larger company: $65.3M of revenue in its latest quarter (Q3 2026) against $64.7M for Financial Institutions (Q3 2026). Bank First is growing faster (+48% against +1% a year earlier). Bank First is more profitable, with an operating margin of 45.8% against 37.1%.
Where the money goes: BFC and FISI
Bank First (BFC) · Q3 2026
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.
Financial Institutions (FISI) · Q3 2026
Financial Institutions, Q3 2026: revenue $64.7M (+1% year over year), operating margin 37.1%, net earnings $20.0M, operating cash flow $33.6M. The chart follows the revenue to costs, profit and cash.
| Bank First (BFC) | Financial Institutions (FISI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $65.3M | $64.7M |
| Revenue growth, Y/Y | +48% | +1% |
| Operating margin | 45.8% | 37.1% |
| Net earnings | $23.8M | $20.0M |
| Net margin | 36.4% | 30.9% |
| Operating cash flow | $28.6M | $33.6M |
| Free cash flow | $26.0M | $31.8M |
Where the revenue comes from
Bank First
- Net interest income: $55.2M (85%)
- Noninterest income: $10.1M (15%)
Financial Institutions
- Net interest income: $54.3M (84%)
- Noninterest income: $10.5M (16%)
Questions
Which is bigger, Bank First or Financial Institutions?
Bank First is the larger company: $65.3M of revenue in its latest quarter (Q3 2026) against $64.7M for Financial Institutions (Q3 2026).
Is Bank First or Financial Institutions growing faster?
Bank First is growing faster (+48% against +1% a year earlier).
Which is more profitable, Bank First or Financial Institutions?
Bank First is more profitable, with an operating margin of 45.8% against 37.1%.
More: Bank First earnings · how Bank First makes money · Financial Institutions earnings · how Financial Institutions makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 9, 2026). Fiscal quarters can end on different dates. Not investment advice.