Bank First Corporation · NASDAQ:BFC
Bank First — Investor Presentation (June 2021)
13 slides from Bank First's investor presentation, Jun 8, 2021
Slide 1: Investor Presentation June 2021
INVESTOR PRESENTATION June 2021 TICKER: BFC (NASDAQ)
Slide 2: Safe Harbor Statement
Safe Harbor Statement FORWARD LOOKING STATEMENTS This presentation may contain “forward - looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 . These forward - looking statements reflect the Company’s current views with respect to, among other things, futur
Slide 3: BFC at-a-glance
BFC at - a - glance • Core franchise located in east - central Wisconsin - founded in 1894. • History of strong organic growth supplemented by the acquisition of Waupaca Bancorporation, Inc. (“Waupaca”) in 2017 ($420MM in assets), Partnership Community Bancshares, Inc. (“Partnership”) in 2019 ($308M
Slide 4: Promise, Culture, Vision
PROMISE, CULTURE, VISION OUR PROMISE : We are a relationship - based community bank focused on providing innovative products and services that are value driven . OUR CULTURE : Bank First’s culture celebrates diversity, creativity, and responsiveness, with the highest ethical standards . Employees ar
Slide 5: Balanced Loan Growth, Organic and Through Acquisitions
FINANCIAL UPDATE Balanced Loan Growth, Organic and Through Acquisitions (dollars in millions) PORTFOLIO LOANS $0 $500 $1,000 $1,500 $2,000 $2,500 Organic Loans Acquired Loans SECONDARY MARKET LOANS $0 $150 $300 $450 $600 $750 Organic Loans Acquired Loans
Slide 6: Strong Core Deposit Base
FINANCIAL UPDATE Strong Core Deposit Base (dollars in millions) $0 $500 $1,000 $1,500 $2,000 $2,500 2015 2016 2017 2018 2019 2020 May-21 Noninterest Bearing Savings Money Market Time Deposits 18% 29% 26% 27% 27% 27% 33% 16% 25% 26% 21% 15% 12% 39% 15% 28% 40% 15% 29% 17% 29% 19% 29% 26% 26% 27% 31%
Slide 7: Dividends Per Share and Earnings Per Share
FINANCIAL U PDATE Dividends Per Share $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 $0.80 $0.90 2015 2016 2017 2018 2019 2020 2021* * Annualized based on the first two quarters of 2021 ($1.00) $0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 2015 2016 2017 2018 2019 2020 Impact of Paycheck Protection Program I
Slide 8: History of Strong Asset Quality
FINANCIAL UPDATE History of Strong Asset Quality CLASSIFIED ASSETS TO RISK BASED CAPITAL 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% Organic Assets Acquired Assets NONPERFORMING LOANS TO TOTAL LOANS 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.40% 1.60% Organic Loans Acquired Loans
Slide 9: Other Historical Financial Metrics
FINANCIAL UPDATE Other Historical Financial Metrics 0.75% 1.00% 1.25% 1.50% 1.75% 2015 2016 2017 2018 2019 2020 2021* Return on Assets * Annualized based off of first quarter results 9.00% 11.00% 13.00% 15.00% 17.00% 2015 2016 2017 2018 2019 2020 2021* Return on Equity 40.00% 43.00% 46.00% 49.00% 52
Slide 10: Stock Performance (Total Return)
STOCK PERFORMANCE (Total Return) $0 $100 $200 $300 $400 $500 $600 Value of $100 invested on June 1, 2011 (10 year) BFC Russell 2000 S&P Regional Banking ETF $588.43 $276.33 $274.00
Slide 11: Acquisition of Waupaca Bancorporation, Inc. (October 2017)
Acquisition of Waupaca Bancorporation, Inc. (October 2017) • Waupaca Bancorporation, Inc. was the holding company for First National Bank, headquartered in Waupaca, Wisconsin and founded in 1885. • Deal consideration was $78.1 million, consisting of cash of $53.4 million and 653,523 shares of BFC co
Slide 12: Acquisition of Partnership Community Bancshares, Inc. (July 2019)
Acquisition of Partnership Community Bancshares, Inc. (July 2019) • Partnership Community Bancshares, Inc. was the holding company for Partnership Bank, headquartered in Cedarburg, Wisconsin. • Deal consideration was $49.6 million, consisting of cash of $14.3 million and 534,731 shares of BFC common
Slide 13: Acquisition of Tomah Bancshares, Inc. (May 2020)
Acquisition of Tomah Bancshares, Inc. (May 2020) • Tomah Bancshares, Inc. was the holding company for Timberwood Bank, headquartered in Tomah, Wisconsin. • Deal consideration was $29.4 million, consisting of approximately 576,000 shares of BFC common stock (approximately 1.73x tangible book value).