BankFirst Q3 net income drops on Magnolia credit loss

Bankfirst

29/10/2025 11:11

Overview

BankFirst Q3 net income falls to $5.20 mln due to Magnolia Acquisition credit loss provision

Net interest income rises to $28.82 mln in Q3, up from $21.21 mln a year ago

Company repurchased 23,000 shares under $10 mln stock repurchase program

Outlook

Company plans to complete core data processing systems conversion in November 2025

BankFirst may exercise option to repurchase Senior Preferred as early as Q2 2028

Result Drivers

MAGNOLIA ACQUISITION - $4.14 mln provision for credit loss related to Magnolia impacted net income

NET INTEREST INCOME - Increased to $28.82 mln due to higher loan yields and larger loan balance

STOCK REPURCHASE - Repurchased 23,000 shares under $10 mln stock repurchase program

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.83
Q3 Net Income
$5.20 mln
Q3 Net Interest Income
$28.81 mln
Q3 Pretax Profit
$6.57 mln
Q3 Provision for Credit Losses
$5.70 mln


Press Release: ID:nPn41fDCxa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)