Demonstrações financeiras detalhadas de Bank First Corporation (BFC): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Bank First Corporation registou receitas de $240.4M no último exercício, com um CAGR de 5 anos de 15.5%. O lucro líquido atingiu $71.5M, com CAGR de 5 anos de 13.4%.
Margens dos últimos 12 meses: margem bruta 74.1%, margem operacional 34.5%, margem líquida 27.8%. O fluxo de caixa livre cresceu a CAGR de 7.5% em 5 anos.
Ao preço atual de $150.54, BFC negocia a um P/L de 19.91 e um ROE de 11.14%. A capitalização de mercado é de $1.7B.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $50.0M | $59.3M | $84.5M | $97.1M | $117.0M | $116.8M | $130.8M | $186.5M | $223.2M | $240.4M |
| Custo da Receita | $6.3M | $8.8M | $17.8M | $24.7M | $21.0M | $11.4M | $14.6M | $53.7M | $67.8M | $71.3M |
| Lucro Bruto | $43.7M | $50.5M | $66.7M | $72.4M | $96.0M | $105.4M | $116.1M | $132.8M | $155.4M | $169.1M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $16.4M | $20.2M | $26.0M | $28.3M | $33.9M | $28.7M | $34.5M | $42.5M | $43.1M | $55.9M |
| Despesas Operacionais | $21.1M | $26.4M | $34.7M | $38.1M | $46.2M | $45.4M | $56.5M | $34.0M | $75.9M | $81.0M |
| Lucro Operacional | $22.6M | $24.1M | $32.1M | $34.3M | $49.9M | $60.0M | $59.6M | $98.8M | $79.5M | $88.2M |
| EBITDA | $23.5M | $25.4M | $33.9M | $36.6M | $53.0M | $63.2M | $63.6M | $107.2M | $87.6M | $93.8M |
| Despesas com Juros | $5.9M | $7.7M | $14.8M | $19.5M | $13.9M | $8.3M | $12.4M | $49.0M | $68.6M | $70.1M |
| Lucro Antes de Impostos | $22.6M | $24.1M | $32.1M | $34.3M | $49.9M | $60.0M | $59.6M | $98.8M | $79.5M | $88.2M |
| Imposto | $7.7M | $8.8M | $6.6M | $7.6M | $11.8M | $14.5M | $14.4M | $24.3M | $13.9M | $16.7M |
| Lucro Líquido | $14.9M | $15.3M | $25.5M | $26.7M | $38.0M | $45.4M | $45.2M | $74.5M | $65.6M | $71.5M |
| LPA | $2.40 | $2.44 | $3.81 | $3.91 | $5.07 | $5.92 | $5.58 | $7.28 | $6.50 | $7.23 |
| LPA Diluído | $2.40 | $2.44 | $3.81 | $3.87 | $5.05 | $5.90 | $5.56 | $7.26 | $6.50 | $7.23 |
| Ações em Circulação (Diluídas) | $6.2M | $6.3M | $6.7M | $6.9M | $7.5M | $7.6M | $8.1M | $10.2M | $10.1M | $9.8M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $60.1M | $61.4M | $84.3M | $85.7M |
| Lucro Bruto | $42.2M | $44.9M | $63.9M | $65.1M |
| Lucro Operacional | $22.5M | $22.9M | $24.7M | $30.6M |
| EBITDA | $24.3M | $24.7M | $28.0M | $30.6M |
| Lucro Líquido | $18.0M | $18.4M | $20.0M | $24.7M |
| LPA | $1.83 | $1.87 | $1.78 | $2.21 |
| LPA Diluído | $1.83 | $1.87 | $1.78 | $2.21 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $40.3M | $53.1M | $63.3M | $53.1M | $170.2M | $296.9M | $119.4M | $247.5M | $261.3M | $55.3M |
| Investimentos de Curto Prazo | $111.3M | $119.0M | $118.9M | $185.6M | $165.8M | $212.7M | $305.0M | $160.0M | $153.0M | 0 |
| Contas a Receber | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $151.6M | $172.1M | $182.2M | $238.7M | $335.3M | $509.5M | $424.4M | $407.4M | $414.3M | $55.3M |
| Imobilizado | $13.3M | $18.6M | $24.5M | $35.3M | $43.2M | $49.5M | $56.4M | $69.9M | $71.1M | $79.2M |
| Ágio | $8.0M | $15.1M | $15.0M | $43.5M | $55.5M | $55.4M | $110.2M | $175.1M | $175.1M | $175.1M |
| Ativos Intangíveis | $2.4M | $5.6M | $5.3M | $9.7M | $9.2M | $9.1M | $26.4M | $40.7M | $34.6M | $16.2M |
| Ativos Totais | $1.32B | $1.75B | $1.79B | $2.21B | $2.72B | $2.94B | $3.66B | $4.22B | $4.50B | $4.52B |
| Contas a Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dívida de Curto Prazo | $50.1M | $52.6M | $31.5M | $45.9M | $36.4M | $41.1M | $97.2M | $75.7M | 0 | $30.1M |
| Passivos Circulantes | $1.18B | $1.56B | $1.59B | $1.89B | $2.36B | $2.57B | $3.16B | $3.51B | $3.66B | $30.1M |
| Dívida de Longo Prazo | 0 | $15.0M | $11.5M | $68.4M | $41.0M | $25.5M | $25.4M | $51.4M | $147.4M | $92.0M |
| Passivos Totais | $1.19B | $1.59B | $1.62B | $1.98B | $2.42B | $2.61B | $3.21B | $3.60B | $3.86B | $3.88B |
| Reservas | $134.8M | $145.9M | $168.4M | $189.5M | $221.4M | $258.1M | $295.5M | $348.0M | $398.0M | $417.0M |
| Patrimônio Líquido | $127.5M | $161.7M | $174.3M | $230.2M | $294.9M | $322.7M | $453.1M | $619.8M | $639.7M | $643.8M |
| Dívida Total | $50.1M | $67.6M | $43.0M | $114.3M | $77.3M | $66.6M | $122.6M | $127.1M | $147.4M | $123.6M |
| Dívida Líquida | -$101.5M | -$104.6M | -$139.2M | -$124.4M | -$257.9M | -$442.9M | -$301.8M | -$280.3M | -$266.9M | $68.2M |
| Capital de Giro | -$1.03B | -$1.39B | -$1.41B | -$1.65B | -$2.02B | -$2.06B | -$2.73B | -$3.10B | -$3.25B | $25.3M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $126.2M | $55.3M | $398.6M | $266.5M |
| Ativos Totais | $4.42B | $4.52B | $6.07B | $5.95B |
| Passivos Totais | $3.79B | $3.88B | $5.25B | $5.13B |
| Patrimônio Líquido | $628.1M | $643.8M | $819.9M | $819.3M |
| Dívida Total | $221.9M | $123.6M | $124.8M | $104.8M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $14.9M | $15.3M | $25.5M | $26.7M | $38.0M | $45.4M | $45.2M | $74.5M | $65.6M | $71.5M |
| Depreciação e Amortização | $918000 | $1.3M | $1.9M | $2.3M | $3.2M | $3.2M | $4.0M | $8.4M | $8.0M | $7.4M |
| Compensação em Ações | $419000 | $465000 | $556000 | $685000 | $1.1M | $1.4M | $1.7M | $2.1M | $2.2M | $2.1M |
| Variação Capital de Giro | $655000 | $5.4M | $1.8M | $332000 | $7.0M | -$4.4M | -$411000 | $12.5M | $2.9M | -$4.5M |
| Fluxo de Caixa Operacional | $14.4M | $18.3M | $23.1M | $22.6M | $44.0M | $40.3M | $40.0M | $52.9M | $65.8M | $62.5M |
| CapEx | -$1.3M | -$2.8M | -$7.9M | -$7.3M | -$8.4M | -$8.7M | -$6.9M | -$13.5M | -$7.2M | -$11.4M |
| Aquisições | 0 | -$19.9M | 0 | -$9.8M | $35.3M | 0 | $154.4M | $90.0M | 0 | 0 |
| Recompra de Ações | -$2.6M | -$3.6M | -$10.4M | -$4.2M | -$4.4M | -$8.3M | -$14.3M | -$10.0M | -$31.9M | -$22.0M |
| Dividendos Pagos | -$3.7M | -$4.0M | -$4.5M | -$5.5M | -$6.1M | -$8.7M | -$7.8M | -$12.0M | -$15.6M | -$52.5M |
| Fluxo de Caixa Livre | $13.1M | $15.5M | $15.1M | $15.4M | $35.6M | $31.6M | $33.1M | $39.5M | $58.6M | $51.0M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $15.5M | $29.0M | -$11.7M | $24.4M |
| CapEx | -$3.0M | -$2.7M | -$5.2M | -$3.8M |
| Fluxo de Caixa Livre | $12.5M | $26.3M | -$16.9M | $20.7M |
| Dividendos Pagos | -$4.4M | -$4.4M | -$5.6M | -$6.1M |
| Compensação em Ações | $551000 | $550000 | $579000 | $624000 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +18.6% | +42.6% | +14.9% | +20.5% | -0.2% | +12.0% | +42.6% | +19.7% | +7.7% |
| Crescimento Lucro Líquido (anual) | | +2.7% | +66.2% | +4.9% | +42.5% | +19.4% | -0.5% | +64.8% | -12.0% | +9.0% |
| Crescimento LPA (anual) | | +1.7% | +56.1% | +2.6% | +29.7% | +16.8% | -5.7% | +30.5% | -10.7% | +11.2% |
| Variação de Ações (anual) | | +1.0% | +6.2% | +3.4% | +8.4% | +2.2% | +5.6% | +26.4% | -1.4% | -2.2% |
| Crescimento FCF (anual) | | +18.4% | -2.4% | +1.7% | +131.4% | -11.3% | +5.0% | +19.1% | +48.6% | -12.9% |
| Margem Bruta | 87.5% | 85.2% | 79.0% | 74.5% | 82.1% | 90.2% | 88.8% | 71.2% | 69.6% | 70.3% |
| Margem Operacional | 45.2% | 40.7% | 37.9% | 35.3% | 42.6% | 51.3% | 45.6% | 53.0% | 35.6% | 36.7% |
| Margem EBITDA | 47.1% | 42.8% | 40.1% | 37.7% | 45.3% | 54.1% | 48.6% | 57.5% | 39.2% | 39.0% |
| Margem Líquida | 29.8% | 25.8% | 30.1% | 27.5% | 32.5% | 38.9% | 34.6% | 40.0% | 29.4% | 29.7% |
| Margem FCF | 26.2% | 26.1% | 17.9% | 15.8% | 30.4% | 27.0% | 25.3% | 21.2% | 26.3% | 21.2% |
| Taxa Efetiva de Imposto | 34.1% | 36.6% | 20.6% | 22.1% | 23.7% | 24.2% | 24.2% | 24.6% | 17.5% | 18.9% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $2.10 | $2.47 | $2.27 | $2.23 | $4.76 | $4.13 | $4.11 | $3.87 | $5.83 | $5.19 |
| Dividendo por Ação | $0.59 | $0.64 | $0.68 | $0.79 | $0.82 | $1.14 | $0.97 | $1.17 | $1.55 | $5.34 |
| Ações em Circulação (Básicas) | $6.2M | $6.3M | $6.7M | $6.8M | $7.4M | $7.6M | $8.0M | $10.2M | $10.0M | $9.8M |
O que olhar em empresas de Financial Services
- Efficiency Ratio (≤55%) — Despesas operacionais / receita. Bancos top abaixo de 55%.
- ROA (≥1%) — Quanto ganham por cada euro de ativos. ROE engana em bancos pela alavancagem.
- ROTCE (≥12%) — Rentabilidade sobre Capital Tangível. Exclui goodwill e intangíveis.
- Capital / Ativos (proxy Tier 1) (≥8%) — Proxy do rácio de capital. FMP não expõe Tier 1 regulatório direto.
- P/B (1,0-1,5x) — Métrica clássica bancária. <1x pode ser oportunidade ou distress.
- Dividend yield sustentável (≥2%, <8%) — Bancos UE pagam 5-7% sem stress. >8% é sinal de distress.
Rentabilidade
| Retorno sobre patrimônio | 11.14% |
| Retorno sobre capital investido | 8.44% |
| Retorno sobre ativos | 1.36% |
| Margem bruta | 74.14% |
| Margem operacional | 34.54% |
| Margem líquida | 27.80% |
Saúde financeira
| Dívida / Patrimônio | 0.13 |
| Liquidez corrente | 0.17 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 13.89 | 18.32 | 12.23 | 17.91 | 12.79 | 12.20 | 16.63 | 11.90 | 15.24 | 16.85 |
| P/VP | 1.63 | 1.74 | 1.78 | 2.07 | 1.64 | 1.71 | 1.65 | 1.42 | 1.55 | 1.86 |
| P/V | 4.15 | 4.74 | 3.68 | 4.92 | 4.12 | 4.71 | 5.71 | 4.73 | 4.45 | 4.98 |
| Margem Bruta | 87.5% | 85.2% | 79.0% | 74.5% | 82.1% | 90.2% | 88.8% | 71.2% | 69.6% | 70.3% |
| Margem Operacional | 45.2% | 40.7% | 37.9% | 35.3% | 42.6% | 51.3% | 45.6% | 53.0% | 35.6% | 36.7% |
| Margem Líquida | 29.8% | 25.8% | 30.1% | 27.5% | 32.5% | 38.9% | 34.6% | 40.0% | 29.4% | 29.7% |