Core Insights - Bank First Corporation reported a net income of $16.9 million, or $1.71 per share, for Q2 2025, an increase from $16.1 million, or $1.59 per share, in Q2 2024 [1] - For the first half of 2025, net income was $35.1 million, or $3.53 per share, compared to $31.5 million, or $3.10 per share, in the same period of 2024 [1] Operating Results - Net interest income (NII) for Q2 2025 was $36.7 million, up $0.2 million from the previous quarter and $3.7 million from Q2 2024 [3] - Net interest margin (NIM) improved to 3.72% in Q2 2025, compared to 3.65% in Q1 2025 and 3.63% in Q2 2024 [4] - The increase in NIM was supported by higher yields on new and renewed loans while deposit rates decreased [4] Credit Losses - The provision for credit losses was $0.2 million in Q2 2025, down from $0.4 million in Q1 2025, and no provision was recorded in Q2 2024 [5] Noninterest Income and Expenses - Noninterest income for Q2 2025 was $4.9 million, down from $6.6 million in Q1 2025 and $5.9 million in Q2 2024 [6] - Noninterest expense totaled $20.8 million in Q2 2025, slightly up from $20.6 million in Q1 2025 and $19.1 million in Q2 2024 [7] Balance Sheet - Total assets were $4.37 billion as of June 30, 2025, a decrease of $130 million from December 31, 2024, but an increase of $219.3 million from June 30, 2024 [9] - Total loans reached $3.58 billion, up $63.2 million from December 31, 2024, and up $151.7 million from June 30, 2024 [9] Deposits - Total deposits were $3.60 billion as of June 30, 2025, down $65.6 million from December 31, 2024, but up $195.5 million from June 30, 2024 [10] Asset Quality - Nonperforming assets were $13.6 million at June 30, 2025, with a nonperforming assets to total assets ratio of 0.31% [11] Capital Position - Stockholders' equity was $612.3 million at June 30, 2025, a decrease of $27.4 million from the end of 2024 [12] - The book value per common share was $62.27 at June 30, 2025, compared to $63.89 at December 31, 2024 [12] Dividend Declaration - A quarterly cash dividend of $0.45 per common share was approved, payable on October 8, 2025 [13]