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Bank First Corporation (BFC) — RQD Stock Rating Cockpit

$150.95 +1.29% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $151.01

Bank First Corporation (BFC) carries a Roarable Rating of D+ (Sell) with 58/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D+ • SELL / AVOID Cap $1.67B
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on BFC Below — or Connect Your Own ChatGPT / Claude
🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is BFC stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
▼

As of 2026-11-03, Bank First Corporation (NASDAQ: BFC) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 58/100 at a spot price of $150.95 (+1.29% 1D, market cap $1.67B). Pillar breakdown: Fundamental Cash Engine 11/20, Institutional 13F & Options Flow 10/20, SEC Balance-Sheet Forensics 13/20, FRED Macro Regime Fit 12/20, and Executive Insider Alignment 12/20. Across 1097 tracked Financials issuers, BFC ranks #461 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does BFC compare to QCRH and CNOB in the Financials sector?
▼

Within the Financials sector (Major Banks), BFC carries a Roarable D+ (58/100 RQD), trailing P/E of 23.4x, gross margin of —, and ROIC of 11.1%. By comparison, QCRH (QCR Holdings Inc.) holds a C grade (64/100 RQD, P/E 13.2x, ROIC 11.4%, cap $1.69B) and CNOB (ConnectOne Bancorp Inc.) posts a C+ grade (66/100 RQD, P/E 22.0x, ROIC 5.1%, cap $1.65B). Among the 5-stock peer group, QCRH leads on earnings multiple (13.2x) while QCRH leads on capital efficiency (11.4% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for BFC?
▼

Per BFC's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001746109), Bank First Corporation generated $1.89B in revenue (+0.2% YoY), $71.5M in net income, and $51.0M in free cash flow against $4.51B in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $151.01 (+0.04%)🧬 Cannibal Buyback (-1.24% YoY Shares)⚙️ Cash Engine: 11/20 (D+) • 2.7% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record: Scores of 58/100 (D+) historically posted market-perform odds over rolling 90-day windows (+0.0% avg 90D alpha vs SPY • 52.7% hit rate — wait for RQD ≥ 70 breakout).
Audit Bucket Track Record →
RQD QUANT TACHOMETERSELL / AVOID • D+
025507510058
Quant Analyst Panel Split (Battleground)
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR RQD RADARRw D+ · Rk C
Cash (11)Whales (10)SEC (13)Macro (12)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE+0% Base Target
$178 Bull$151 Base$118 Bear
📬 FREE BFC RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for BFC)Realized 20D OHLCV Swing Band: ±5.7%
Deterministic 5-Pillar Attribution (58/100 Composite)
🔍 WHY BFC SCORES 58/100 (D+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: SEC 10-K Forensic Risk+13/20 pts (22% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 4/9

▲ #2 Bullish Driver: Macro Regime Fit+12/20 pts (21% of score)

FRED Regime × Technicals: 80% of 52W Range • RSI-14 at 54.6 (NEUTRAL RANGE)

▼ #1 Drag / Risk Factor: Whale & Options Positioning10/20 pts (-10 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-10 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
50
Grade C-$146.13-2.8% Next Q
Q2 (-2Q)
53
Grade C-$142.04+4.1% Next Q
Q3 (-1Q)
55
Grade C$147.88+2.1% Next Q
Current
58
Grade D+$150.95+0% Hist 90D α
Trajectory: C- (50) → D+ (58)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the BFC Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 58/100 (D+) score, BFC faces multiple-compression risk if 23.4x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Broader market pullbacks can still drag down strong stocks in the short run.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-1.24% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($150.21) or 200D SMA ($145.44) invalidates the momentum regime and cuts Target Base ($150.95) toward Bear Floor ($117.74).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $BFC• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “BFC Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
YES 58%NO 42%Trade / Inspect Odds →
RSI-14 MOMENTUMNEUTRAL RANGE
54.630 Oversold · 70 Hot
ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)
3.80>3.0 Fortress Safe
PIOTROSKI F-SCOREWEAK QUALITY (1–4)
4 / 99-Pt Accounting
52-WEEK LASER RANGE80% OF RANGE
L: $119$150.95H: $159
1. Money & Cash Health● MIXED
Are profits real cash in the bank?

Decent core business (steady margins), though cash flow growth is moderate rather than explosive right now.

Factor Grade: D+RQD 11 / 20
2. Big Money & Insiders● NEUTRAL
Are whales & executives buying or selling?

Big funds and company insiders are mostly holding steady without aggressive buying or panic selling.

Factor Grade: D+RQD 22 / 40
3. Hidden Risks & Market Weather● WATCH
SEC fine-print scan & interest-rate fit

No major SEC filing blowups, though current interest rates and Fed liquidity call for normal position sizing.

Factor Grade: CRQD 25 / 40
MULTI-MODEL QUANT PANEL DELIBERATION

Quant Analyst Panel Split (Battleground) on BFC

Cash & Moat Bull AI
ROIC & Free Cash Flow Model
NEUTRAL (55)

11.1% ROIC with 42.0% gross margin and 3.06% FCF yield.

SEC Forensic Auditor AI
10-K Accruals & Altman-Z Guard
NEUTRAL (65)

Altman-Z 4.20 and Piotroski 4/9 pass balance-sheet audit.

Whale & Macro Hawk AI
Options Skew, 13F & Fed NetLiq
NEUTRAL (57)

22/40 institutional & smart-money positioning score with 12/20 macro alignment.

Bull Case: Why Buyers Like BFC
  • ✓Established market leader in Financials with deep daily trading liquidity.
Bear Case: What Could Go Wrong
  • !Broader market pullbacks can still drag down strong stocks in the short run.
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring BFC)

  • ✓Walkthrough of BFC's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?
Join Founding VIP Waitlist (No Card Required) →$100K Arena
BFC // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +3.62%⚡ TESTING RESISTANCE
2026-11-04O $149.0H $151.0L $149.0C $151.0VOL 71.0K
RES: $152.4SUP: $126.3SMA50: $150.2SMA200: $145.4
$161.3$152.0$142.7$133.4$124.1RES $152.4SUP $126.3$151.02026-05-052026-06-182026-08-052026-09-212026-11-04
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

BFC Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 BFC Butterfly Map → + Track BFC →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
17.2%/yr Implied 5Y Growth

vs. +0.2% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on BFC today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for BFC. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for BFC today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (BFC)

Financials Rank #461 of 1097 ⚔️ QCRH vs BFC Full Matrix →

1. Head-to-Head Financials Peer Comparison (BFC vs. QCRH, CNOB, NBHC, HOPE)

Industry: Major Banks (248 Tracked Issuers)

Across 1097 tracked Financials securities in the Roarable RQD universe, Bank First Corporation (BFC) ranks #461 by composite RQD confidence (58/100, grade D+) and #462 by equity capitalization ($1.67B). Within this direct 5-issuer industry benchmark cohort, QCRH leads on earnings valuation at 13.2x trailing P/E, while QCRH leads on capital efficiency and profitability with 11.4% ROIC and — gross margin. CNOB currently holds the highest overall quantitative score in the immediate peer group at 66/100 (C+) compared with BFC at 58/100 (D+).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
BFC ACTIVE
Bank First Corporation
D+ 58/100 23.4x — 11.1% +1.29% $1.67B Benchmark Subject
QCRH
QCR Holdings Inc.
C 64/100 13.2x — 11.4% +2.03% $1.69B /qcrh-vs-bfc →
CNOB
ConnectOne Bancorp Inc.
C+ 66/100 22.0x — 5.1% +2.37% $1.65B /cnob-vs-bfc →
NBHC
National Bank Holdings Corporation
D+ 55/100 15.3x — 7.9% +1.68% $1.70B /nbhc-vs-bfc →
HOPE
Hope Bancorp Inc.
D+ 57/100 28.0x — 2.7% +0.83% $1.70B /hope-vs-bfc →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001746109 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Bank First Corporation (BFC) reported GAAP revenue of $1.89B (+0.2% vs. FY2024 revenue of $1.89B , and +464.4% cumulative change since FY2023) , GAAP net income of $71.5M, operating cash flow of $62.5M, and free cash flow of $51.0M (-12.9% YoY). On the balance sheet, BFC closed FY2025 with $4.51B in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 4/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $1.89B $71.5M $62.5M $51.0M $4.51B —
FY2024 (FY) 2024-12-31 $1.89B $65.6M $65.8M $58.6M $4.50B —
FY2023 (FY) 2023-12-31 $335.3M $74.5M $52.9M $52.9M — —

3. BFC Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is BFC stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Bank First Corporation (NASDAQ: BFC) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 58/100 at a spot price of $150.95 (+1.29% 1D, market cap $1.67B). Pillar breakdown: Fundamental Cash Engine 11/20, Institutional 13F & Options Flow 10/20, SEC Balance-Sheet Forensics 13/20, FRED Macro Regime Fit 12/20, and Executive Insider Alignment 12/20. Across 1097 tracked Financials issuers, BFC ranks #461 in composite RQD confidence.

How does BFC compare to QCRH and CNOB in the Financials sector?

Within the Financials sector (Major Banks), BFC carries a Roarable D+ (58/100 RQD), trailing P/E of 23.4x, gross margin of —, and ROIC of 11.1%. By comparison, QCRH (QCR Holdings Inc.) holds a C grade (64/100 RQD, P/E 13.2x, ROIC 11.4%, cap $1.69B) and CNOB (ConnectOne Bancorp Inc.) posts a C+ grade (66/100 RQD, P/E 22.0x, ROIC 5.1%, cap $1.65B). Among the 5-stock peer group, QCRH leads on earnings multiple (13.2x) while QCRH leads on capital efficiency (11.4% ROIC).

What are the biggest fundamental strengths and SEC risk factors for BFC?

Per BFC's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001746109), Bank First Corporation generated $1.89B in revenue (+0.2% YoY), $71.5M in net income, and $51.0M in free cash flow against $4.51B in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run. Institutional options positioning shows a 50% call / 50% put premium split.

Where is BFC trading relative to its 50-day, 200-day, and 52-week technical levels?

BFC last traded at $150.95 (+1.29% on volume of 70,958 shares), positioning the stock +0.49% above its 50-day simple moving average ($150.21) and +3.79% above its 200-day simple moving average ($145.44). Across its 52-week range of $119.08 to $159.10, BFC sits at the 79.6% percentile with a 14-day RSI of 54.6 (NEUTRAL RANGE) and an implied next-earnings move of ±5.7% ($142.35 to $159.55).

Direct Sub-Reports: BFC RQD Cockpit BFC 12M Forecast BFC Earnings & Move BFC Dividends & DRIP BFC Insiders & 13F BFC Whale Options BFC Profit Sankey BFC News & Why
ROARABLE RATING BRIEF • RQD 58/100 (D+) ✓ SEC XBRL & RQD VERIFIED

BFC — Bank First Corporation: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Bank First Corporation (BFC) earns a live Roarable RQD composite score of 58/100, corresponding to a D+ letter grade (Roarable Sell) at a spot price of $150.95 (+1.29% 1D, market capitalization $1.67B).

  • Fundamental Cash Engine (11/20): Anchored by return on invested capital (ROIC) of 11.1%, gross margin of —, operating margin of —, and free cash flow yield of 3.06%.
  • Whale 13F & Options Flow (10/20) + Insider Conviction (12/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (12/20) + Forensic Balance Sheet (13/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 4/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

Bank First Corporation (BFC) is a NASDAQ-listed company in the Financials sector, Major Banks industry. Market capitalization is listed as $1.7B in the profile.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Bank First Corporation (BFC) reported $1.89B in annual revenue (up from $1.89B in FY2024, +0.2% YoY) and $71.5M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($335.3M revenue, $74.5M net income) through FY2025, BFC scaled operating cash flow to $62.5M and free cash flow to $51.0M, backed by $4.51B in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (D+ • RQD 58/100): Established market leader in Financials with deep daily trading liquidity. Free cash flow yield of 3.06% and institutional whale pillar of 10/20. With Fundamental Cash Engine at 11/20 and Institutional Whale Flow at 10/20, sustained execution supports upside toward the upper end of the $119.08 – $159.10 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Broader market pullbacks can still drag down strong stocks in the short run. Investors must weigh 23.4x trailing P/E against — operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Operating in Major Banks (Financials), BFC carries a macro regime beta of 1.00 and gross margin of —.

  • Key Question #1: Can BFC sustain or expand its — operating margin and 11.1% ROIC against Major Banks peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $1.89B and free cash flow of $51.0M, how will capital allocation balance growth reinvestment against $0 in total debt?
  • Key Question #3: How sensitive is BFC's 21.8x forward P/E multiple to Financials capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

BFC Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Bank First Corporation (BFC) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to BFC Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

BFC Bull vs. Bear Conversation Board — What's Your Call at $150.95?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON BFC 🐻 33% BEARISH CONVICTION
1. Pick Your Side on BFC:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
DE DeepValue_CFA RQD DEBATE OPENER • Institutional Buy-Side 🐂 BULLISH 🎯 Target: $192.25 (+29.0%)
📌 Pinned Debate

Net income recovered to $71.5M in FY 2025 from $65.6M in FY 2024, with a 0.5 Debt/Equity ratio and 11.1% ROIC.

The street is overcomplicating Bank First Corporation (BFC). Net income recovered to $71.5M in FY 2025 from $65.6M in FY 2024, with a 0.5 Debt/Equity ratio and 11.1% ROIC.. With an RQD score of 58/100 (D+) and Forensic Balance Sheet at 13/20, any positive earnings surprise or guidance raise forces underweight funds to chase above $160.95.

CapAlloc_Nerd 🐂 BULL

@SkepticalCFA Fair point on 23.4x trailing P/E, but you're ignoring the forward operating leverage in Major Banks. If gross margin (0.0%) holds, EPS grows into the multiple faster than bears think.

SK SkepticalCFA RQD DEBATE OPENER • Fundamental Contrarian 🐻 BEARISH 🎯 Target: $116.24 (-22.0%)
Spot @ $149.03

Free cash flow declined to $51.0M in FY 2025 from $58.6M in FY 2024, and Q3 earnings and revenues reportedly lagged estimates.

Careful chasing BFC at $149.03. Free cash flow declined to $51.0M in FY 2025 from $58.6M in FY 2024, and Q3 earnings and revenues reportedly lagged estimates.. Gross margin is 0.0%, but operating margin is 0.0%, which shows SG&A and reinvestment are eating into bottom-line EPS. Target $116.24 on multiple compression.

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