Bank First Corporation (BFC) Tops Q3 Earnings and Revenue Estimates

Group 1: Earnings Performance - Bank First Corporation (BFC) reported quarterly earnings of $1.65 per share, exceeding the Zacks Consensus Estimate of$ 1.52 per share, and up from $1.46 per share a year ago, representing an earnings surprise of 8.55% [1] - The company posted revenues of$ 40.78 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.97%, compared to year-ago revenues of $39.31 million [2] - Over the last four quarters, Bank First Corporation has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - Bank First Corporation shares have increased approximately 3.3% since the beginning of the year, while the S&P 500 has gained 22.9% [3] - The company's earnings outlook will be crucial for future stock movements, with current consensus EPS estimates at$ 1.43 for the coming quarter and $6.07 for the current fiscal year [4][7] - The estimate revisions trend for Bank First Corporation is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Group 3: Industry Context - The Banks - Northeast industry, to which Bank First Corporation belongs, is currently in the top 41% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8] - Another company in the same industry, Premier Financial, is expected to report a quarterly earnings decline of 26.1% year-over-year, with revenues projected to decrease by 4.4% from the previous year [9]