Manitowoc, WI · Cert 5304 · Bank First Corp.
National charter · OCC · 38 branches
Q2 2026
Market Position · Sheboygan, WI · 2026 SOD (annual) · 22.7% share · #1 of 13 inst. · $0.7B of $3.0B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.58% | 1.59% | 1.64% | 1.61% | 1.63% | 1.64% | 1.56% | 1.67% | +6 bps | |
| Return on Equity | 11.33% | 11.59% | 12.67% | 12.23% | 12.28% | 12.37% | 11.78% | 12.52% | +29 bps | |
| Net Interest Margin | 3.38% | 3.32% | 3.40% | 3.49% | 3.59% | 3.60% | 3.74% | 3.84% | +35 bps | |
| Efficiency Ratio | 45.47% | 44.95% | 43.66% | 44.61% | 44.26% | 44.43% | 56.12% | 51.86% | +725 bps | |
| Non-Interest Burden | 1.34% | 1.30% | 1.23% | 1.32% | 1.35% | 1.37% | 1.86% | 1.74% | +42 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 5.03% | 6.48% | 9.91% | 5.31% | 2.92% | 0.23% | 34.65% | 36.22% | +3,091 bps | |
| Loan Growth (YoY) | 3.53% | 5.21% | 4.91% | 4.51% | 4.56% | 2.57% | 27.45% | 26.24% | +2,173 bps | |
| Deposit Growth (YoY) | 3.27% | 7.59% | 8.35% | 5.23% | 0.95% | 0.48% | 36.93% | 38.63% | +3,339 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.32% | 0.24% | 0.19% | 0.38% | 0.38% | 0.25% | 0.59% | 0.56% | +19 bps | |
| Net Charge-Offs / Loans | -0.02% | -0.01% | 0.09% | 0.05% | 0.03% | 0.03% | 0.01% | 0.05% | +1 bps | |
| Allowance / Loans | 1.30% | 1.25% | 1.23% | 1.24% | 1.22% | 1.23% | 1.26% | 1.24% | 0 bps | |
| Allowance Coverage of NPLs | 4.0x | 5.2x | 6.4x | 3.3x | 3.2x | 4.9x | 2.1x | 2.2x | -1.1x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.74% | 9.54% | 9.34% | 9.66% | 9.91% | 9.85% | 9.00% | 9.27% | -38 bps | |
| Total Risk-Based Capital | 12.18% | 12.18% | 12.14% | 12.19% | 12.14% | 12.33% | 11.96% | 12.08% | -11 bps | |
| Equity / Assets | 13.52% | 12.92% | 13.03% | 13.54% | 13.50% | 13.34% | 13.17% | 13.56% | +2 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 97.98% | 94.28% | 94.72% | 98.84% | 101.48% | 96.24% | 88.16% | 90.01% | -883 bps | |
| Liquid Assets / Assets | 5.78% | 6.96% | 7.78% | 3.32% | 4.19% | 6.47% | 7.42% | 4.96% | +164 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 436% | 426% | 434% | n/a | n/a | |