BANKFIRST CAPITAL CORPORATION Reports Fourth Quarter and Year-End 2025 Earnings of $10.17 Million and $28.68 Million, respectively

Core Insights - BankFirst Capital Corporation reported a significant increase in net income for the fourth quarter of 2025, reaching $10.17 million or $1.74 per common share, compared to $5.20 million or $0.83 per common share in the previous quarter and $7.67 million or $1.21 per common share in the same quarter of 2024 [1][4][6] Financial Performance - Net interest income for the fourth quarter of 2025 was $27.87 million, up from $22.23 million in the fourth quarter of 2024 [4][11] - Total assets increased by 17.7% to $3.30 billion as of December 31, 2025, compared to $2.80 billion a year earlier [4][7] - Total gross loans rose by 19% to $2.20 billion, up from $1.85 billion at the end of 2024 [4][7] - Total deposits increased by 19% to $2.80 billion, compared to $2.36 billion at the end of 2024 [4][8] Credit Quality - The ratio of non-performing assets to total assets improved to 0.45% as of December 31, 2025, down from 0.61% a year earlier [4][16] - The allowance for credit losses was $28.81 million, representing 1.31% of total loans, compared to 1.27% at the end of 2024 [17] Capital Management - The Company has a stock repurchase program authorized for up to $10 million, with 127,583 shares repurchased as of December 31, 2025 [4][6] - The Company issued $175 million of senior perpetual noncumulative preferred stock to the U.S. Department of the Treasury as part of the Emergency Capital Investment Program [4][6] Strategic Developments - The completion of the Magnolia Acquisition in July 2025 has been a key driver of growth, with the integration of Magnolia State Bank into the Company's operations [6][7] - The Company is focused on leveraging its increased scale to enhance value for customers and shareholders while maintaining strong credit quality [6]