Bank First Corporation · NASDAQ:BFC
Bank First — Shareholder Meeting (June 2022)
32 slides from Bank First's shareholder meeting presentation, Jun 16, 2022
Slide 1: Annual Shareholder Meeting June 13, 2022
ANNUAL SHAREHOLDER MEETING June 13, 2022
Slide 2: Michael G. Ansay, Chairman of the Board
2 MICHAEL G. ANSAY Chairman of the Board
Slide 3: Bank First Senior Management Team
Bank First Senior Management Team 3 WELCOME
Slide 4: Bank First Corporation Board of Directors
Bank First Corporation Board of Directors 4 WELCOME
Slide 5: Quorum, Minutes, Business to be Conducted
• Determination of Quorum • Approval of Minutes • Business to be Conducted 5 WELCOME
Slide 6: Proposal 1: Election of Directors
JUDY L. HEUN Election of Directors 6 PROPOSAL 1 MICHAEL G. ANSAY LAURA E. KOHLER MICHAEL B. MOLEPSKE
Slide 7: Proposal 2: Ratify Independent Registered Public Accounting Firm
Ratify the appointment of Dixon Hughes Goodman, LLP as the Corporation’s independent registered public accounting firm for the fiscal year ending December 31, 2022. 7 PROPOSAL 2
Slide 8: Forward Looking Statements
Forward Looking Statements: This presentation may contain certain “forward looking statements” that represent Bank First Corporation’s expectations or beliefs concerning future events. Such forward looking statements are about matters that are inherently subject to risks and uncertainties. Because o
Slide 9: Michael B. Molepske, CEO & President
9 MICHAEL B. MOLEPSKE CEO & President
Slide 10: Stock Performance (Total Return)
10 STOCK PERFORMANCE (Total Return) $0 $100 $200 $300 $400 $500 $600 $700 Value of $100 invested on June 1, 2012 (10 year) BFC Russell 2000 S&P Regional Banking ETF $606.13 $ 247.84 $242.87
Slide 11: Net Promoter Score (NPS)
11 NET PROMOTER SCORE (NPS) A performance metric used to measure how likely a customer is to recommend Bank First to a friend or colleague. Bank First YTD Avg. = 86 Industry Avg. = 34* *www.customergauge.com
Slide 12: Creating a Successful Culture
12 CREATING A SUCCESSFUL CULTURE Tuition Reimbursement Program Annual Clothing Allowance Paid Parental Leave Go365 Wellness Program Paid Volunteer Time Off Generous Paid Time Off Cellphone Allowance New Hire Referral Program
Slide 13: Kevin LeMahieu, Chief Financial Officer
13 KEVIN LEMAHIEU Chief Financial Officer
Slide 14: Financial Report
14 FINANCIAL REPORT
Slide 15: Pre-tax Net Income per Quarter
Pre - tax Net Income per Quarter *Annualized based on the first two quarters of 2022. 15 FINANCIAL REPORT $5,000,000 $7,000,000 $9,000,000 $11,000,000 $13,000,000 $15,000,000 $17,000,000 Mar-17 Sep-17 Mar-18 Sep-18 Mar-19 Sep-19 Mar-20 Sep-20 Mar-21 Sep-21 Mar-22
Slide 16: Gain on Sales of Loans and PPP Income per Quarter
16 FINANCIAL REPORT Gain on Sales of Loans to the Secondary Market per Quarter $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 Mar-17 Sep-17 Mar-18 Sep-18 Mar-19 Sep-19 Mar-20 Sep-20 Mar-21 Sep-21 Mar-22 Income from Paycheck Protection Program Loan
Slide 17: Adjusted Net Interest Income less Non-Interest Expense per Quarter
Adjusted Net Interest Income* less Non - Interest Expense per Quarter * Adjusted net interest income consists of reported net interest income, less the impacts of income from Paycheck Protection Pro gram loans and purchase accounting adjustments. 17 FINANCIAL REPORT $2,500,000 $3,500,000 $4,500,000
Slide 18: Dividends Per Share and Earnings Per Share
18 FINANCIAL REPORT Dividends Per Share Earnings Per Share (EPS) *Annualized based on the first two quarters of 2022. $0.10 $0.30 $0.50 $0.70 $0.90 $1.10 $1.30 2016 2017 2018 2019 2020 2021 2022* ($1.00) $0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 2016 2017 2018 2019 2020 2021 Impact of Paycheck Prote
Slide 19: Balanced Loan Growth, Organic and Through Acquisitions
19 FINANCIAL REPORT Balanced Loan Growth, Organic and Through Acquisitions (dollars in millions) PORTFOLIO LOANS $0 $500 $1,000 $1,500 $2,000 $2,500 SECONDARY MARKET LOANS $0 $150 $300 $450 $600 $750 $900 Organic Loans Acquired Loans
Slide 20: Strong Core Deposit Base
20 FINANCIAL REPORT Strong Core Deposit Base (dollars in millions) $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 2016 2017 2018 2019 2020 2021 May-22 Noninterest Bearing Savings Money Market Time Deposits 16% 26% 27% 27% 27% 26% 33% 25% 26% 21% 15% 10% 9% 40% 15% 29% 29% 17% 29% 19% 29% 26% 26% 27% 31%
Slide 21: Mike Molepske, CEO & President
21 MIKE MOLEPSKE CEO & President
Slide 22: Timeline of Events During Don's Board Tenure
22 TIMELINE OF EVENTS DURING DON’S BOARD TENURE Donald Brisch THANK YOU! • Served on the Francis Creek Advisory Board in 2002 • Joined Bank First Corporation Board in 2006 • Director during the transition from Tom Bare to Mike Molepske
Slide 23: Bank First Locations and Expansion Timeline
23 MANITOWOC TWO RIVERS MISHICOT DENMARK BELLEVUE HOWARD SHAWANO CLINTONVILLE IOLA WAUPACA SEYMOUR ASHWAUBENON WEYAUWEGA APPLETON OSHKOSH WHITELAW REEDSVILLE VALDERS KIEL PLYMOUTH SHEBOYGAN ACUITY CEDARBURG WATERTOWN MEQUON TOMAH CHETEK NEW HOLSTEIN NEWTON PLYMOUTH FRANCIS CREEK ST NAZIANZ TOMAH 200
Slide 24: Michael Dempsey - Thank You
Michael Dempsey 24 THANK YOU! • Joined Bank First in June 2010 • Appointed to Board of Directors in 2014 • Named President of the Bank in 2015
Slide 25: Asset Growth (in millions)
25 THANK YOU! $1,020 $1,061 $1,124 $1,238 $1,316 $1,753 $1,793 $2,210 $2,718 $2,938 $3,267 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 5/31/2022 ASSET GROWTH (in millions)
Slide 26: Earnings Per Share
26 THANK YOU! $1.13 $1.30 $1.59 $1.79 $1.99 $2.13 $2.40 $2.44 $3.81 $3.91 $5.07 $5.92 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 EARNINGS PER SHARE
Slide 27: Laura E. Kohler - Welcome
Laura E. Kohler 27 WELCOME! • Senior Vice President – Human Resources, Stewardship and Sustainability for Kohler Co. Also serves on: • Outward Bound USA • Kohler Trust for the Arts & Education • Kohler Trust for Preservation • John Michael Kohler Arts Center • The Actors Center in New York City • Tr
Slide 28: Who to Contact: Investor Relations Team
Who to contact: 28 INVESTOR RELATIONS TEAM Please reach out to Bank First Shareholder Services at IR@bankfirst.com or 920 - 652 - 3360. Our dedicated team will be able to assist with any questions or concerns you may have. Business cards are available at the entrance.
Slide 29: Questions / Comments
29 QUESTIONS / COMMENTS
Slide 30: Adjournment
30 ADJOURNMENT
Slide 31: Special Meeting to Approve Merger June 13, 2022
SPECIAL MEETING TO APPROVE MERGER June 13, 2022
Slide 32: Bank First Corporation
BankFirst CORPORATION