Business Context and Reporting Period
Company: Bank First Corporation (BFC)
Filing Type: Form 8-K (Current Report)
Date of Report: April 22, 2026
Reporting Period: Event reported on April 21, 2026
Business Context: The Company is a Wisconsin-based financial institution with its principal executive offices in Manitowoc, WI. Its common stock is registered on The Nasdaq Stock Market LLC.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The report focuses exclusively on a corporate action regarding share repurchases.
Material Changes
The primary material change disclosed is the renewal of the Company's share repurchase program. Key details include:
- Authorization Amount: Up to $60 million of common stock per year.
- Duration: Two (2) years, ending on April 20, 2028.
- Execution Method: Repurchases may occur via open market transactions or privately negotiated transactions at the Company's discretion.
- Conditions: Timing, price, volume, and nature of repurchases depend on market conditions and applicable securities laws.
Guidance, Outlook, and Risks
Management Commentary: The filing indicates management's intent to return capital to shareholders through the renewed buyback program. No specific financial guidance or outlook regarding earnings or growth was provided in this document.
Risks and Contingencies: The filing notes that repurchase activities are subject to market conditions and applicable securities laws. No specific legal contingencies or unusual items were disclosed in this report.
Investor Verification Checklist
- Verify the total amount of shares repurchased under the new program in subsequent quarterly reports (10-Q) and annual reports (10-K).
- Confirm the remaining authorization balance under the $60 million annual cap as the program progresses toward the April 20, 2028 expiration.
- Review future 8-K filings for any material changes to the repurchase terms or early termination of the program.
- Check the Company's most recent 10-K or 10-Q for current liquidity levels to assess the impact of potential $60 million annual outflows on cash reserves.