Bank First

BANKFIRST CAPITAL CORPORATION Reports Fourth Quarter and Year-End 2023 Earnings of $6.5 Million and $28.2 Million, respectively

Retrieved on: 
Tuesday, January 30, 2024
OTCQX, CDFI, Bank First, Environment, Community development, FRB, Federal Reserve Bank, Mechanics Bank, Total, Risk, Acquisition, Bank, Federal Home Loan Banks, Video game

Net income totaled $6.5 million, or $1.20 per share, in the fourth quarter of 2023 compared to $7.0 million, or $1.31 per share, in the fourth quarter of 2022.

Key Points: 
  • Net income totaled $6.5 million, or $1.20 per share, in the fourth quarter of 2023 compared to $7.0 million, or $1.31 per share, in the fourth quarter of 2022.
  • Net interest income totaled $21.6 million in the fourth quarter of 2023 compared to $21.4 million in the fourth quarter of 2022.
  • Net interest income was $21.6 million for the fourth quarter of 2023, compared to $21.6 million for the third quarter of 2023 and $21.4 million for the fourth quarter of 2022, an increase of 1% from the prior year period.
  • Noninterest expense was $19.2 million for the fourth quarter of 2023, compared to $20.0 million for the third quarter of 2023 and $17.3 million for the fourth quarter of 2022, a decrease of 4% and an increase of 11%, respectively.

Jack Henry Collaborates with Five Financial Institutions to Win 2023 WebAwards

Retrieved on: 
Wednesday, November 29, 2023
London Capital Credit Union, Bank, Marketing, JKHY, Bank First, Roz Kaveney, Copywriting

MONETT, Mo., Nov. 29, 2023 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) announced receiving WebAwards with five financial institution clients collaboratively using its web hosting and design services. First Eagle Bank won for Best Bank Website, and Embers Credit Union received Best Credit Union Website. This marks the fourth consecutive year that a Jack Henry client has won a "Best of" category, and the first year that clients took top honors in both the Best Bank and Best Credit Union categories. Additionally, Bank First was awarded Bank Standard of Excellence, and Kemba Financial Credit Union and Capital Credit Union each received Credit Union Standard of Excellence.

Key Points: 
  • First Eagle Bank, Embers Credit Union, Kemba Financial Credit Union, Bank First, and Capital Credit Union utilize Jack Henry technology to provide modern user experiences.
  • MONETT, Mo., Nov. 29, 2023 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) announced receiving WebAwards with five financial institution clients collaboratively using its web hosting and design services.
  • First Eagle Bank won for Best Bank Website, and Embers Credit Union received Best Credit Union Website.
  • Additionally, Bank First was awarded Bank Standard of Excellence, and Kemba Financial Credit Union and Capital Credit Union each received Credit Union Standard of Excellence.

BANKFIRST CAPITAL CORPORATION Reports Third Quarter 2023 Earnings of $8.4 Million

Retrieved on: 
Friday, October 27, 2023
Sale, FRB, Bank, Federal Home Loan Banks, Microenterprise Education Initiative, OTCQX, Acquisition, Bank First, Sycamore Bank, Federal Reserve Bank of St. Louis, Equitable, Community Development Financial Institutions Fund, Federal Reserve Bank, Environment, Community development financial institution, Mechanics Bank, Community development, Risk, Mechanics, Tate, CDFI, Community Facilities Program, Total, Visa requirements for Turkish citizens, ERP, Video game, Cryptocurrency, Rare-earth element, Basel

Net interest income increased 26% to $21.6 million in the third quarter of 2023 from $17.1 million in the third quarter of 2022.

Key Points: 
  • Net interest income increased 26% to $21.6 million in the third quarter of 2023 from $17.1 million in the third quarter of 2022.
  • Net interest income was $21.6 million for the third quarter of 2023, compared to $22.7 million for the second quarter of 2023, a decrease of 5%, and compared to $17.1 million for the third quarter of 2022, an increase of 26%.
  • Noninterest income was $10.1 million for the third quarter of 2023, compared to $6.1 million for the second quarter of 2023, an increase of 65%, and compared to $5.4 million for the third quarter of 2022, an increase of 87%.
  • Noninterest expense was $20.0 million for the third quarter of 2023, compared to $20.5 million for the second quarter of 2023 and $15.2 million for the third quarter of 2022, an decrease of 2.1% and an increase of 32.0%, respectively.

BankFirst Financial Services Announces New Loan Production Office and Deposit Production Office in Huntsville, Alabama

Retrieved on: 
Tuesday, August 1, 2023
OTCQX, Suite, DPO, Bank, Bank First, LPO

COLUMBUS, Miss., Aug. 1, 2023 /PRNewswire/ -- BankFirst Financial Services (the "Bank"), the wholly-owned banking subsidiary of BankFirst Capital Corporation (OTCQX:BFCC) ("BankFirst" or the "Company"), today announced the opening of a new loan production office ("LPO") and deposit production office ("DPO") located at 307 Clinton Avenue E, Suite 115, Huntsville, Alabama, 35801.

Key Points: 
  • COLUMBUS, Miss., Aug. 1, 2023 /PRNewswire/ -- BankFirst Financial Services (the "Bank"), the wholly-owned banking subsidiary of BankFirst Capital Corporation (OTCQX:BFCC) ("BankFirst" or the "Company"), today announced the opening of a new loan production office ("LPO") and deposit production office ("DPO") located at 307 Clinton Avenue E, Suite 115, Huntsville, Alabama, 35801.
  • Our presence in Huntsville underscores our commitment to the State of Alabama and we look forward to introducing BankFirst to customers in North Alabama and serving the lending needs of the community."
  •  Barry Bryan, Huntsville Alabama Market President, will oversee the operations of the LPO/DPO.
  • Mr. Bryan has over 20 years of banking experience in the Huntsville market, primarily focusing on commercial real estate, and over 25 years of experience in the financial services industry.

BANKFIRST CAPITAL CORPORATION Reports Second Quarter 2023 Earnings of $6.2 Million

Retrieved on: 
Thursday, July 27, 2023
Federal Home Loan Banks, Uncertainty, Federal Reserve Bank, Federal Reserve Bank of St. Louis, Sycamore Bank, ERP, Sale, Acquisition, The Company, Community Facilities Program, Investment, CDFI, FRB, OTCQX, Mechanics Bank, Community development, Bank, Equitable, Bank First, Community development financial institution, Environment, Tate, Total, Video game, Cryptocurrency, Rare-earth element, Financial adviser, Mechanics

Net interest income increased 50% to $22.7 million in the second quarter of 2023 from $15.1 million in the second quarter of 2022.

Key Points: 
  • Net interest income increased 50% to $22.7 million in the second quarter of 2023 from $15.1 million in the second quarter of 2022.
  • Net interest income was $22.7 million for the second quarter of 2023, compared to $23.5 million for the first quarter of 2023, a decrease of 3%, and compared to $15.1 million for the second quarter of 2022, an increase of 50%.
  • Noninterest income was $6.1 million for the second quarter of 2023, compared to $5.5 million for the first quarter of 2023, an increase of 12%, and compared to $5.0 million for the second quarter of 2022, an increase of 24%.
  • Noninterest expense was $20.5 million for the second quarter of 2023, compared to $19.5 million for the first quarter of 2023 and $11.9 million for the second quarter of 2022, an increase of 5% and 72%, respectively.

BANKFIRST CAPITAL CORPORATION Reports First Quarter 2023 Earnings of $7.1 Million

Retrieved on: 
Thursday, April 27, 2023
External commercial borrowing, Federal Home Loan Banks, Federal Reserve Bank, U.S. Department of the Treasury, Office of Inspector General, Federal Reserve Bank of St. Louis, Sycamore Bank, U.S. Department of Defense Strategy for Operating in Cyberspace, Current Expected Credit Losses, Accounting standard, Finance, Treasury, Financial Accounting Standards Board, Acquisition, Community Facilities Program, CDFI, FRB, CECL, OTCQX, Mechanics Bank, Bank, Growth, Community development, Bank First, Environment, Tate, Total, Video game, Cryptocurrency, Risk management, Mechanics

Net income totaled $7.1 million, or $1.33 per share, in the first quarter of 2023 compared to $4.5 million, or $0.85 per share, in the first quarter of 2022.

Key Points: 
  • Net income totaled $7.1 million, or $1.33 per share, in the first quarter of 2023 compared to $4.5 million, or $0.85 per share, in the first quarter of 2022.
  • Net interest income increased 53% to $23.5 million in the first quarter of 2023 from $15.3 million in the first quarter of 2022.
  • Net interest income was $23.5 million for the first quarter of 2023, compared to $21.3 million for the fourth quarter of 2022, an increase of 10%, and $15.3 million for the first quarter of 2022, an increase of 53%.
  • Noninterest income was $5.5 million for the first quarter of 2023, compared to $4.5 million for the fourth quarter of 2022, an increase of 22% and $5.1 million for the first quarter of 2022, an increase of 9%.

BANKFIRST CAPITAL CORPORATION Reports Fourth Quarter 2022 Earnings of $7.0 Million

Retrieved on: 
Monday, January 30, 2023
Bank First, Bank, CECL, Treasury, U.S. Department of the Treasury, Office of Inspector General, Environment, Current Expected Credit Losses, Government, Income tax, Mechanics Bank, OTCQX, Mechanics, PPP, Total, Round 3, Finance, Growth, Forgiveness, Accounting standard, Financial Accounting Standards Board, Tate, Small business, SBA, Sycamore Bank, Acquisition, U.S. Department of Defense Strategy for Operating in Cyberspace, Paycheck Protection Program, Senior, Citizens Bank, Cryptocurrency, Video game

Net interest income increased 32% to $20.4 million in the fourth quarter of 2022 from $15.5 million in the fourth quarter of 2021.

Key Points: 
  • Net interest income increased 32% to $20.4 million in the fourth quarter of 2022 from $15.5 million in the fourth quarter of 2021.
  • Net interest income was $20.4 million for the fourth quarter of 2022, compared to $17.1 million for the third quarter of 2022, an increase of 19%, and $15.5 million for the fourth quarter of 2021, an increase of 23%.
  • Noninterest income was $5.7 million for the fourth quarter of 2022, compared to $5.4 million for the third quarter of 2022, an increase of 5%, and $4.8 million for the fourth quarter of 2021, an increase of 18%.
  • Net loan charge-offs in the fourth quarter of 2022 were $464 thousand, compared to $260 thousand in the third quarter of 2022 and $1.4 million in the fourth quarter of 2021.

BankFirst Capital Corporation Named to 2023 OTCQX Best 50

Retrieved on: 
Friday, January 27, 2023
OTCQX, Bank First, Bank

COLUMBUS, Miss., Jan. 27, 2023 /PRNewswire/ -- BankFirst Capital Corporation (OTCQX: BFCC) ("BankFirst" or the "Company"), parent of BankFirst Financial Services (the "Bank"), ) is pleased to announce it has been named to the 2023 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.

Key Points: 
  • COLUMBUS, Miss., Jan. 27, 2023 /PRNewswire/ -- BankFirst Capital Corporation (OTCQX: BFCC) ("BankFirst" or the "Company"), parent of BankFirst Financial Services (the "Bank"), ) is pleased to announce it has been named to the 2023 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.
  • The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market.
  • Companies in the 2023 OTCQX Best 50 were ranked based on their performance in 2022.
  • For the complete 2023 OTCQX Best 50 ranking, visit

BankFirst Capital Corporation Completes Acquisition of Mechanics Banc Holding Company and Mechanics Bank

Retrieved on: 
Tuesday, January 3, 2023
Newton, OTC, Internet, OTC Markets Group, Disclosure, Bank, Bank First, Mechanics, Tupelo, Senior, OTCQX, Mechanics Bank, ATM, CD, Proxy, Acquisition, U.S. Bank Center (Milwaukee)

COLUMBUS, Miss., Jan. 3, 2023 /PRNewswire/ -- BankFirst Capital Corporation (OTCQX: BFCC) ("BankFirst" or the "Company"), parent of BankFirst Financial Services (the "Bank"), today announced the completion of its previously-announced acquisition of Mechanics Banc Holding Company, a Mississippi corporation ("Mechanics"), and its wholly-owned banking subsidiary, Mechanics Bank, Water Valley, Mississippi ("Mechanics Bank").

Key Points: 
  • COLUMBUS, Miss., Jan. 3, 2023 /PRNewswire/ -- BankFirst Capital Corporation (OTCQX: BFCC) ("BankFirst" or the "Company"), parent of BankFirst Financial Services (the "Bank"), today announced the completion of its previously-announced acquisition of Mechanics Banc Holding Company, a Mississippi corporation ("Mechanics"), and its wholly-owned banking subsidiary, Mechanics Bank, Water Valley, Mississippi ("Mechanics Bank").
  • BankFirst was advised by Southard Financial, LLC as financial advisor and Hunton Andrews Kurth LLP is serving as its legal counsel.
  • Mechanics was advised by Olsen Palmer LLC as financial advisor and Jones Walker LLP as legal counsel.
  • BankFirst Capital Corporation (OTCQX: BFCC) is a registered bank holding company based in Columbus, Mississippi with approximately $2.2 billion in total assets as of September 30, 2022.

BankFirst Capital Corporation Announces Cash Dividend

Retrieved on: 
Thursday, November 17, 2022
Newton, ATM, Bank, Bank First, Internet, CD, OTCQX, Holding company, Tupelo

COLUMBUS, Miss., Nov. 17, 2022 /PRNewswire/ -- BankFirst Capital Corporation (OTCQX: BFCC) (the "Company") announced today that its Board of Directors declared a cash dividend of $0.85 per share payable December 9, 2022, to shareholders of record as of December 1, 2022.

Key Points: 
  • COLUMBUS, Miss., Nov. 17, 2022 /PRNewswire/ -- BankFirst Capital Corporation (OTCQX: BFCC) (the "Company") announced today that its Board of Directors declared a cash dividend of $0.85 per share payable December 9, 2022, to shareholders of record as of December 1, 2022.
  • Moak Griffin, President and Chief Executive Officer of the Company and BankFirst Financial Services, the Company's wholly-owned subsidiary bank, stated, "We are pleased to announce our 2022 dividend of $0.85 per share of common stock."
  • BankFirst Capital Corporation (OTCQX: BFCC) is a registered bank holding company based in Columbus, Mississippi with approximately $2.2 billion in total assets as of September 30, 2022.
  • BankFirst Financial Services, the Company's wholly-owned banking subsidiary, was founded in 1888 and is locally owned, controlled, and operated.