BFCNasdaqNational Commercial BanksFiscal year ends December 31
Bank First Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$146.01−1.69 (-1.14%)
Close on Oct 19, 2026
- Market cap
- $1.62B
- P/E (TTM)
- 19.0
- Dividend yield
- 3.63%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
37.7%
4M of 11M shares
Institutional holders
170
34 new, 10 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
4 buys · 3 sales
Net sold $2.39M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 696,520 | 6.70% | 13G (passive) amendment | Dec 31, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of BFC | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 821,389 | 7.41% | $121.85M | +59,190 | 0.00% |
| Vanguard Capital Management LLC | 465,415 | 4.20% | $69.04M | −5,563 | 0.00% |
| State Street Corp | 437,337 | 3.95% | $65.10M | +88,850 | 0.00% |
| Geode Capital Management, LLC | 296,453 | 2.67% | $43.99M | +14,346 | 0.00% |
| Dimensional Fund Advisors LP | 187,678 | 1.69% | $27.84M | +28,000 | 0.01% |
| Merit Financial Group, LLC | 174,046 | 1.57% | $25.82M | −2,681 | 0.16% |
| Vanguard Portfolio Management LLC | 146,537 | 1.32% | $21.74M | +10,607 | 0.00% |
| Northern Trust Corp | 104,085 | 0.94% | $15.44M | +5,680 | 0.00% |
| Bank Of Montreal /Can/ | 103,836 | 0.94% | $15.40M | – | 0.01% |
| Charles Schwab Investment Management Inc | 85,178 | 0.77% | $12.64M | +1,211 | 0.00% |
| First Trust Advisors LP | 70,605 | 0.64% | $10.47M | −2,431 | 0.01% |
| Vanguard Fiduciary Trust Co | 68,220 | 0.62% | $10.12M | +413 | 0.00% |
| Creative Planning | 59,058 | 0.53% | $8.76M | +378 | 0.01% |
| J.W. Cole Advisors, Inc. | 52,307 | 0.47% | $7.76M | New | 0.13% |
| Nicolet Bankshares Inc | 51,534 | 0.46% | $7.77M | +15 | 0.25% |
| Marshall Wace, Llp | 47,893 | 0.43% | $7.10M | +42,956 | 0.01% |
| Bank of New York Mellon Corp | 45,090 | 0.41% | $6.69M | +3,273 | 0.00% |
| Stifel Financial Corp | 42,467 | 0.38% | $6.30M | – | 0.01% |
| Morgan Stanley | 42,259 | 0.38% | $6.27M | +4,155 | 0.00% |
| Prairie Advisory, LLC | 37,140 | 0.34% | $5.51M | New | 1.29% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 170 | 4M | 37.7% | 34 / 65 | 34 / 10 | 1M | 0M |
| Q1 2026 | 150 | 4M | 34.7% | 24 / 44 | 50 / 17 | 1M | 0M |
| Q4 2025 | 145 | 4M | 33.5% | 24 / 42 | 50 / 12 | 0M | 0M |
| Q3 2025 | 133 | 4M | 34.3% | 31 / 47 | 23 / 13 | 1M | 0M |
| Q2 2025 | 116 | 3M | 29.6% | 12 / 44 | 35 / 14 | 0M | 0M |
| Q1 2025 | 118 | 3M | 29.4% | 10 / 33 | 43 / 8 | 0M | 0M |
| Q4 2024 | 117 | 3M | 29.2% | 16 / 40 | 32 / 9 | 0M | 0M |
| Q3 2024 | 112 | 3M | 27.5% | 21 / 43 | 24 / 5 | 1M | 0M |
| Q2 2024 | 97 | 3M | 26.4% | 8 / 39 | 25 / 13 | 0M | 0M |
| Q1 2024 | 104 | 3M | 28.3% | 12 / 28 | 32 / 13 | 0M | 0M |
| Q4 2023 | 105 | 3M | 27.8% | 22 / 34 | 25 / 2 | 0M | 0M |
| Q3 2023 | 85 | 3M | 25.8% | 8 / 25 | 30 / 4 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of BFC | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 337,491 | 3.04% | $50.07M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 270,409 | 2.44% | $40.12M | 0.05% | Jun 30, 2026 |
| State Street(R) SPDR(R) S&P(R) Regional Banking ETF | 143,044 | 1.29% | $21.22M | 0.45% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 116,773 | 1.05% | $17.32M | 0.02% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 112,757 | 1.02% | $17.22M | 0.05% | Jul 31, 2026 |
| iShares Russell 2000 Value ETF | 82,794 | 0.75% | $12.28M | 0.08% | Jun 30, 2026 |
| Vanguard Dividend Appreciation Index Fund | 57,458 | 0.52% | $8.78M | 0.01% | Jul 31, 2026 |
| Vanguard Russell 2000 Index Fund | 53,006 | 0.48% | $7.37M | 0.04% | May 31, 2026 |
| Fidelity Extended Market Index Fund | 52,645 | 0.47% | $7.32M | 0.02% | May 31, 2026 |
| Schwab U.S. Small-Cap ETF | 49,273 | 0.44% | $6.85M | 0.03% | May 31, 2026 |
| U.S. Small Cap Portfolio | 37,190 | 0.34% | $5.68M | 0.03% | Jul 31, 2026 |
| Dimensional U.S. Small Cap ETF | 36,735 | 0.33% | $5.61M | 0.04% | Jul 31, 2026 |
| iShares Micro-Cap ETF | 35,003 | 0.32% | $5.19M | 0.34% | Jun 30, 2026 |
| U.S. Micro Cap Portfolio | 25,931 | 0.23% | $3.96M | 0.05% | Jul 31, 2026 |
| Schwab Small-Cap Index Fund | 25,128 | 0.23% | $3.84M | 0.05% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Timothy J. McFarlane | President, Director | 74,955 | 0.68% | Mar 10, 2026 |
| Michael B. Molepske | Chairman and CEO, Director | 105,929 | 0.96% | Mar 10, 2026 |
| Meghann O. Kasper | Chief Credit Officer | 6,165 | 0.06% | Jun 17, 2026 |
| Kevin M. LeMahieu | Chief Financial Officer | 29,710 | 0.27% | Apr 10, 2026 |
| Kelly M. Dvorak | Chief Legal Counsel | 9,261 | 0.08% | Mar 10, 2026 |
| Jason V. Krepline | Chief Lending Officer | 32,704 | 0.30% | Mar 10, 2026 |
| Sistine Peter J. Van | Director | 7,640 | 0.07% | Sep 11, 2026 |
| Tracy C. Pearson | Director | 1,024 | 0.01% | Aug 24, 2026 |
| SriRaj Kantamneni | Director | – | – | Aug 6, 2026 |
| William J. Ring | Director | 2,590 | 0.02% | Aug 6, 2026 |
| Steven M. Eldred | Director | 135,964 | 1.23% | Jul 1, 2026 |
| Todd A. Sprang | Director | 2,015 | 0.02% | Apr 23, 2026 |
| Michael S. Stayer-Suprick | Director | 4,597 | 0.04% | Apr 23, 2026 |
| Daniel C. McConeghy | Director | 2,407 | 0.02% | Mar 19, 2026 |
| Robert D. Gregorski | Director | 39,010 | 0.35% | Mar 10, 2026 |
| Mary Kay Bourbulas | Director | 8,126 | 0.07% | Mar 10, 2026 |
| Phillip R. Maples | Director | 5,795 | 0.05% | Mar 10, 2026 |
| Stephen E. Johnson | Director | 30,602 | 0.28% | Mar 10, 2026 |
| Erin A. Davis | Director | 2,927 | 0.03% | Mar 10, 2026 |
| Laura E. Kohler | Director | 5,373 | 0.05% | Mar 4, 2025 |
| Judy L. Heun | Director | 3,880 | 0.04% | Mar 4, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Sistine Peter J. Van Director | Sep 11, 2026 | Sale | −1,848 | $155.57 | $287.49K | 7,640 |
| Tracy C. Pearson Director | Aug 17, 2026 | Buy | +1,024 | $156.97 | $160.74K | 1,024 |
| Steven M. Eldred Director | Jun 30, 2026 | Gift | −1,003 | $148.55 | $149.00K | 10,284 |
| Todd A. Sprang Director | Apr 22, 2026 | Buy | +450 | $138.96 | $62.53K | 2,015 |
| Michael S. Stayer-Suprick Director | Apr 21, 2026 | Buy | +225 | $140.04 | $31.51K | 4,597 |
| Kevin M. LeMahieu Chief Financial Officer | Apr 9, 2026 | Gift | −1,785 | $142.61 | $254.56K | 22,021 |
| Daniel C. McConeghy Director | Mar 6, 2026 | Award | +407 | $135.23 | $55.04K | 2,407 |
| Erin A. Davis Director | Mar 6, 2026 | Award | +407 | $135.23 | $55.04K | 2,927 |
| Jason V. Krepline Chief Lending Officer | Mar 6, 2026 | Tax withholding | −745 | $135.23 | $100.75K | 32,704 |
| Jason V. Krepline Chief Lending Officer | Mar 6, 2026 | Award | +1,380 | $135.23 | $186.62K | 33,449 |
| Sistine Peter J. Van Director | Mar 6, 2026 | Award | +407 | $135.23 | $55.04K | 9,488 |
| Kelly M. Dvorak Chief Legal Counsel | Mar 6, 2026 | Tax withholding | −397 | $135.23 | $53.69K | 9,261 |
| Kelly M. Dvorak Chief Legal Counsel | Mar 6, 2026 | Award | +1,029 | $135.23 | $139.15K | 9,658 |
| Kevin M. LeMahieu Chief Financial Officer | Mar 6, 2026 | Award | +2,316 | $135.23 | $313.19K | 23,806 |
| Stephen E. Johnson Director | Mar 6, 2026 | Award | +407 | $135.23 | $55.04K | 27,690 |
| Phillip R. Maples Director | Mar 6, 2026 | Award | +407 | $135.23 | $55.04K | 4,251 |
| Michael B. Molepske Chairman and CEO, Director | Mar 6, 2026 | Award | +4,470 | $135.23 | $604.48K | 57,398 |
| Michael B. Molepske Chairman and CEO, Director | Mar 6, 2026 | Tax withholding | −2,277 | $135.23 | $307.92K | 55,121 |
| Timothy J. McFarlane President, Director | Mar 6, 2026 | Award | +2,793 | $135.23 | $377.70K | 68,646 |
| Michael S. Stayer-Suprick Director | Mar 6, 2026 | Award | +407 | $135.23 | $55.04K | 4,372 |
| Todd A. Sprang Director | Mar 6, 2026 | Award | +407 | $135.23 | $55.04K | 1,561 |
| Mary Kay Bourbulas Director | Mar 6, 2026 | Award | +407 | $135.23 | $55.04K | 8,126 |
| Robert D. Gregorski Director | Mar 6, 2026 | Award | +407 | $135.23 | $55.04K | 39,010 |
| Michael B. Molepske Chairman and CEO, Director | Feb 18, 2026 | Gift | −1,450 | $146.53 | $212.47K | 47,449 |
| Steven M. Eldred Director | Feb 11, 2026 | Sale | −8,000 | $151.95 | $1.22M | 125,680 |
| Steven M. Eldred Director | Feb 6, 2026 | Sale | −8,000 | $145.02 | $1.16M | 133,680 |
| Todd A. Sprang Director | Jan 27, 2026 | Buy | +150 | $141.06 | $21.16K | 1,158 |
| Kevin M. LeMahieu Chief Financial Officer | Sep 3, 2025 | Gift | −2,000 | $128.50 | $257.00K | 21,438 |
| Michael S. Stayer-Suprick Director | Aug 19, 2025 | Buy | +410 | $122.67 | $50.29K | 3,965 |
| Michael B. Molepske Chairman and CEO, Director | May 22, 2025 | Gift | −2,144 | $115.32 | $247.25K | 48,899 |
| Daniel C. McConeghy Director | Mar 4, 2025 | Buy | +380 | $105.72 | $40.17K | 2,000 |
| Kelly M. Dvorak Chief Legal Counsel | Mar 3, 2025 | Award | +1,008 | $105.96 | $106.81K | 8,511 |
| Kevin M. LeMahieu Chief Financial Officer | Mar 3, 2025 | Tax withholding | −1,190 | $105.96 | $126.09K | 23,129 |
| Kevin M. LeMahieu Chief Financial Officer | Mar 3, 2025 | Award | +2,268 | $105.96 | $240.32K | 24,319 |
| Robert D. Gregorski Director | Mar 3, 2025 | Award | +520 | $105.96 | $55.10K | 38,603 |
| Daniel C. McConeghy Director | Mar 3, 2025 | Award | +520 | $105.96 | $55.10K | 1,620 |
| Jason V. Krepline Chief Lending Officer | Mar 3, 2025 | Award | +1,353 | $105.96 | $143.36K | 31,973 |
| Jason V. Krepline Chief Lending Officer | Mar 3, 2025 | Tax withholding | −946 | $105.96 | $100.24K | 31,027 |
| Michael B. Molepske Chairman and CEO, Director | Mar 3, 2025 | Tax withholding | −2,780 | $105.96 | $294.57K | 52,928 |
| Michael B. Molepske Chairman and CEO, Director | Mar 3, 2025 | Award | +4,377 | $105.96 | $463.79K | 55,708 |
| Stephen E. Johnson Director | Mar 3, 2025 | Award | +520 | $105.96 | $55.10K | 27,283 |
| Sistine Peter J. Van Director | Mar 3, 2025 | Award | +520 | $105.96 | $55.10K | 8,298 |
| Erin A. Davis Director | Mar 3, 2025 | Award | +520 | $105.96 | $55.10K | 2,520 |
| Mary Kay Bourbulas Director | Mar 3, 2025 | Award | +520 | $105.96 | $55.10K | 7,569 |
| Michael S. Stayer-Suprick Director | Mar 3, 2025 | Award | +520 | $105.96 | $55.10K | 3,555 |
| Timothy J. McFarlane President, Director | Mar 3, 2025 | Award | +2,736 | $105.96 | $289.91K | 65,853 |
| Laura E. Kohler Director | Mar 3, 2025 | Award | +520 | $105.96 | $55.10K | 5,373 |
| Phillip R. Maples Director | Mar 3, 2025 | Award | +520 | $105.96 | $55.10K | 3,844 |
| Judy L. Heun Director | Mar 3, 2025 | Award | +520 | $105.96 | $55.10K | 3,880 |
| Michael S. Stayer-Suprick Director | Feb 19, 2025 | Buy | +1,000 | $102.07 | $102.07K | 3,035 |
| Stephen E. Johnson Director | Dec 3, 2024 | Sale | −2,400 | $106.28 | $255.07K | 26,763 |
| David R. Sachse Director | Apr 23, 2024 | Gift | −1,230 | $79.28 | $97.51K | 23,856 |
| Mary Kay Bourbulas Director | Mar 15, 2024 | Buy | +300 | $82.75 | $24.83K | 7,003 |
| Mary Kay Bourbulas Director | Mar 15, 2024 | Buy | +300 | $83.00 | $24.90K | 6,703 |
| Timothy J. McFarlane President, Director | Mar 1, 2024 | Award | +3,066 | $85.85 | $263.22K | 63,117 |
| Mary Kay Bourbulas Director | Mar 1, 2024 | Award | +641 | $85.85 | $55.03K | 6,353 |
| Robert D. Gregorski Director | Mar 1, 2024 | Award | +641 | $85.85 | $55.03K | 34,317 |
| Laura E. Kohler Director | Mar 1, 2024 | Award | +641 | $85.85 | $55.03K | 4,853 |
| Judy L. Heun Director | Mar 1, 2024 | Award | +641 | $85.85 | $55.03K | 3,360 |
| Jason V. Krepline Chief Lending Officer | Mar 1, 2024 | Award | +1,515 | $85.85 | $130.06K | 31,402 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Stephen E. Johnson Director | Dec 3, 2024 | 2,400 | $255.89K | Dec 3, 2024 | Converted shares from merger |
| R. Sachse & Sandra J. Sachse Living Trust Of 1999 David Former Independent Director | Aug 29, 2024 | 1,000 | $92.97K | Aug 29, 2024 | Open Market Purchase |