Bank First National Corporation Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016
January 25, 2017 at 03:20 am IST
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Bank First National Corporation announced earnings results for the fourth quarter and full year ended December 31, 2016. The company reported net income for the fourth quarter of 2016 of $3.6 million, or $0.57 per share, up 15.9% from the same period in 2015. Net interest income after provision for loan losses was $9.9 million for the quarter ended December 31, 2016, compared to $9.0 million for the prior year fourth quarter, representing a 10.5% increase year-over-year.
For the year ended December 31, 2016, the company earned $14.9 million or $2.40 per share, up 12.6% from the year ended December 31, 2015. For the year ended December 31, 2016, net interest income after provision for loan losses totaled $38.5 million, up 10.0% from $35.0 million for the year ended December 31, 2015.
Bank First Corporation serves as the holding company of Bank First, N.A. (the Bank). The Bank has about 26 offices, including its headquarters, in Brown, Columbia, Dane, Fond du Lac, Jefferson, Manitowoc, Monroe, Outagamie, Ozaukee, Shawano, Sheboygan, Waupaca, Waushara, and Winnebago counties in the State of Wisconsin. The Bank serves businesses, professionals, and consumers with a variety of financial services, including retail and commercial banking. The Bank offers products, including checking accounts, savings accounts, money market accounts, cash management accounts, certificates of deposit, commercial and industrial loans, commercial real estate loans, construction and development loans, residential mortgages, consumer loans, online banking, telephone banking and mobile banking. The Bank has three subsidiaries: Bank First Investments, Inc., TVG Holdings, Inc. (TVG) and BFC Title, LLC. Bank First Investments, Inc. provides investment and safekeeping services to the Bank.
BANK FIRST CORPORATION 
