BankFirst Q4 net income rises

Bankfirst

30/01/2026 22:09

Overview

Banking firm's Q4 net income rose to $10.17 mln, up from $7.67 mln in Q4 2024

Net interest income for Q4 increased to $27.87 mln from $22.23 mln in Q4 2024

Company repurchased 104,583 shares in Q4 under $10 mln stock buyback program

Outlook

Company did not provide specific financial guidance for future quarters or years in its press release

Result Drivers

ASU ADOPTION - Early adoption of ASU 2025-08 increased net income by $2.87 mln net of tax due to reversal of credit loss provision from Magnolia Acquisition

MAGNOLIA ACQUISITION - Magnolia Acquisition contributed to asset and deposit growth, with total assets up 17.7% and deposits up 19% year-over-year

LOAN AND DEPOSIT GROWTH - Total gross loans and deposits increased by 19% each, driven by organic growth and Magnolia Acquisition

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$1.74
Q4 Net Income
$10.17 mln
Q4 Net Interest Income
$27.87 mln
Q4 Pretax Profit
$13.38 mln
Q4 Provision for Credit Losses
-$2.60 mln


Press Release: ID:nPn2DbTCza

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)