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Bank First Valuation Multiples
Discover revenue and EBITDA valuation multiples for Bank First and similar public comparables like Nuernberger Beteiligungs, Banca Ifis, S&T Bancorp, Tri Counties Bank and more.
Bank First Overview
About Bank First
Bank First Corp is a United States-based company engaged in providing financial services provides a full range of consumer and commercial financial institution services to individuals and businesses including retail and commercial banking in Wisconsin. These services include credit cards; secured and unsecured consumer, commercial, and real estate loans; demand, time, and savings deposits; and ATM processing. The Corporation also offers a full line of insurance services and 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, credit cards, online banking, telephone banking, and mobile banking.
Founded
1982
HQ
Employees
366
Website
Sectors
Financials (LTM)
EV
$2B
Bank First Financials
Bank First reported last 12-month revenue of $200M.
In the same LTM period, Bank First generated $83M in net income.
Revenue (LTM)
Bank First P&L
In the most recent fiscal year, Bank First reported revenue of $174M and net income of $72M.
Bank First expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $200M | XXX | $174M | XXX | XXX | XXX |
| EBIT Margin | 54% | XXX | 53% | XXX | XXX | XXX |
| Net Profit | $83M | XXX | $72M | XXX | XXX | XXX |
| Net Margin | 41% | XXX | 41% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Bank First Stock Performance
Bank First has current market cap of $2B, and enterprise value of $2B.
Market Cap Evolution
Bank First's stock price is $144.88.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | 2.9% | XXX | XXX | XXX | $6.38 |
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Start Free TrialBank First Valuation Multiples
Bank First trades at 8.7x EV/Revenue multiple.
EV / Revenue (LTM)
Bank First Financial Valuation Multiples
As of April 11, 2026, Bank First has market cap of $2B and EV of $2B.
Equity research analysts estimate Bank First's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Bank First has a P/E ratio of 19.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 8.7x | XXX | 10.0x | XXX | XXX | XXX |
| EV/EBIT | 16.1x | XXX | 18.8x | XXX | XXX | XXX |
| P/E | 19.6x | XXX | 22.7x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 34.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Bank First Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Bank First Margins & Growth Rates
Bank First's revenue in the last 12 month grew by 36%.
Bank First's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.2M for the same period.
Bank First Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 36% | XXX | 55% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 0% | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 26% | XXX | XXX | XXX |
| Opex to Revenue | 46% | XXX | 47% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Bank First Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Nuernberger Beteiligungs | XXX | XXX | XXX | XXX | XXX | XXX |
| Banca Ifis | XXX | XXX | XXX | XXX | XXX | XXX |
| S&T Bancorp | XXX | XXX | XXX | XXX | XXX | XXX |
| Tri Counties Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Dime Community Bancshares | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Bank First M&A Activity
Bank First acquired XXX companies to date.
Last acquisition by Bank First was on XXXXXXXX, XXXXX. Bank First acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Bank First
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialBank First Investment Activity
Bank First invested in XXX companies to date.
Bank First made its latest investment on XXXXXXXX, XXXXX. Bank First invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Bank First
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Bank First
| When was Bank First founded? | Bank First was founded in 1982. |
| Where is Bank First headquartered? | Bank First is headquartered in United States. |
| How many employees does Bank First have? | As of today, Bank First has over 366 employees. |
| Who is the CEO of Bank First? | Bank First's CEO is Michael B. Molepske. |
| Is Bank First publicly listed? | Yes, Bank First is a public company listed on Nasdaq. |
| What is the stock symbol of Bank First? | Bank First trades under BFC ticker. |
| When did Bank First go public? | Bank First went public in 2002. |
| Who are competitors of Bank First? | Bank First main competitors are Nuernberger Beteiligungs, Banca Ifis, S&T Bancorp, Tri Counties Bank. |
| What is the current market cap of Bank First? | Bank First's current market cap is $2B. |
| What is the current revenue of Bank First? | Bank First's last 12 months revenue is $200M. |
| What is the current revenue growth of Bank First? | Bank First revenue growth (NTM/LTM) is 36%. |
| What is the current EV/Revenue multiple of Bank First? | Current revenue multiple of Bank First is 8.7x. |
| Is Bank First profitable? | Yes, Bank First is net-income-positive (as of the last 12 months). |
| What is the current net income of Bank First? | Bank First's last 12 months net income is $83M. |
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