Stock fact sheet · data as of
Bank First Corporation (BFC): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Blend
Is BFC undervalued?
BFC closed at 146.96 on 16 Oct 2026, which is 20% above the GLS average fair value of 122.96 from 9 models. 7 of them value the shares below today's price. Our screens read that as "no margin of safety": the stock is not a value candidate at this price, whatever the quality numbers say.
There is a wide gap between DDM (30.90) and Graham Growth (256.41). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files BFC under Blend.
Nine valuation models for BFC
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 208.93 | +42% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 109.63 | -25% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 256.41 | +74% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 100.22 | -32% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 102.04 | -31% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 119.52 | -19% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 98.20 | -33% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 30.90 | -79% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 80.78 | -45% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -344.77 | -335% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 161.00 | +10% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Bank First Corporation scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. On durability BFC scores 6.3/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are moderate - ROIC 9.3%, ROE 11.1%, ROA 1.6% - with debt at 0.19 times equity and a free-cash-flow yield of 2.6%.
The dividend yield is 1.43% with a payout ratio of 25% - a small yield that leaves most of the earnings in the business.
Institutional ownership scores 5/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 9.3% |
|---|---|---|---|
| GLS Moat | 6.3 / 10 | ROE | 11.1% |
| Debt / equity | 0.19 | ROA | 1.6% |
| Free-cash-flow yield | 2.6% | Payout ratio | 25% |
| Institutions | 5 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 38: No options
No options are listed on Bank First Corporation in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 38) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 43k shares a day on a market cap of $1.6B, with a beta of 0.41 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 9 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 4 / 25 | -20% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 9 / 15 | moat 6.3/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 9 / 20 | 43k shares/day, $1.6B cap, beta 0.41 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
Bank First Corporation reports earnings on 20 Oct 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to Bank First Corporation by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| LOB Live Oak Bancshares, Inc. | 35.15 | 43.71 | +20% | 66Good | $1.6B |
| TCBK TriCo Bancshares | 50.77 | 49.74 | -2% | 74Good | $1.6B |
| OBK Origin Bancorp, Inc. | 51.83 | 51.20 | -1% | 65Good | $1.6B |
| QCRH QCR Holdings, Inc. | 97.21 | 328.28 | +70% | 80Prime | $1.6B |
| BY Byline Bancorp, Inc. | 36.90 | 38.73 | +5% | 69Good | $1.7B |
| RBCAA Republic Bancorp, Inc. | 90.81 | 96.39 | +6% | 69Good | $1.6B |
| NBHC National Bank Holdings Corporation | 37.74 | 53.84 | +30% | 76Good | $1.7B |
| FSUN FirstSun Capital Bancorp | 38.05 | 91.36 | +58% | 60Fair | $1.7B |
| STBA S&T Bancorp, Inc. | 47.97 | 44.73 | -7% | 67Good | $1.7B |
| HAPN Happen, Inc. Common Stock | 14.67 | 32.37 | +55% | 72Good | $1.7B |
| BLX Bladex, Inc. | 54.43 | 170.94 | +68% | 74Good | $1.6B |
| HOPE Hope Bancorp, Inc. | 13.40 | 20.72 | +35% | 83Prime | $1.7B |
⚖ Compare BFC with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about BFC
Is BFC undervalued right now?
No: at 146.96 the stock trades 20% above the GLS average fair value of 122.96 (data as of 16 Oct 2026). The margin of safety is negative.
What is the Wheel Score of BFC and what does it mean?
BFC has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for BFC?
122.96 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Bank First Corporation report earnings next?
The next earnings report is due on 20 Oct 2026 (before the open), 4 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does BFC have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on BFC, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.