Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Bank First Corporation (NASDAQ:BFC), a $1 billion market cap financial institution headquartered in Manitowoc, Wisconsin, disclosed in a recent SEC filing that Senior Vice President of Operations Kristeen Pelot has resigned from her role.
Pelot, who has been a part of the company and its wholly owned subsidiary, Bank First, N.A., will officially leave her position on April 30, 2025. According to InvestingPro data, the bank maintains a "GOOD" overall financial health score, suggesting strong operational fundamentals.
The announcement, made on January 27, 2025, did not specify the reasons behind Pelot’s departure or who her successor would be. Bank First Corporation, which operates within the national commercial banks sector, has not yet released any additional statements regarding the transition or any potential impact on operations.
The company’s stock has shown resilient performance, delivering a 22.7% return over the past year, though InvestingPro analysis suggests the stock is currently trading slightly above its Fair Value.
Pelot’s resignation comes during a time when leadership changes within financial institutions are closely monitored by investors and industry analysts. The company’s filing with the Securities and Exchange Commission on January 31, 2025, serves as the official record of this corporate change.
Bank First Corporation, formerly known as Bank First National Corp, has a history dating back to its name change in 2018. The company’s common stock is listed on The Nasdaq Stock Market LLC under the ticker symbol BFC.
As per standard regulatory requirements, the company’s Chief Financial Officer, Kevin M. LeMahieu, signed off on the SEC filing, confirming the accuracy and timeliness of the report. The company has yet to provide further details on the search for Pelot’s replacement or how her departure may affect the company’s strategic operations moving forward.
This report is based on information contained in a press release statement made by Bank First Corporation to the Securities and Exchange Commission.
In other recent news, Bank First National Corp. reported a strong third quarter, with a 4% pre-provision net revenue beat, expansion in core net interest margin, and steady mid-single-digit loan growth. Piper Sandler, an investment bank and institutional securities firm, maintained a Neutral rating for the company while adjusting the price target to $104 from $99, citing robust financial performance.
The firm also projected that Bank First National Corp. will sustain above-average profitability, with returns on assets and returns on tangible common equity at 1.6% and 15.6%, respectively. Furthermore, the company is expected to boost its profitability and earnings per share growth through potential mergers and acquisitions, leveraging its premium currency, increased capital flexibility, and proactive management strategy.
In other recent developments, Bank First Corporation issued its quarterly shareholder newsletter, providing updates on the company’s operations and performance. This aligns with the company’s commitment to maintain transparent and regular communication with its investors. The information in the newsletter is intended to provide shareholders with a concise overview of Bank First Corporation’s recent updates.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.