Bank First Completes Merger with Centre 1 Bancorp

Bank First National ( (BFC) ) has provided an announcement.

On January 1, 2026, Bank First Corporation completed its previously announced merger with Centre 1 Bancorp, Inc., in which Centre was merged into Bank First Corporation and Centre’s banking subsidiary, The First National Bank and Trust Company, was merged into Bank First, N.A., with Bank First as the surviving bank. Former Centre shareholders received 0.9200 shares of Bank First common stock for each Centre share, leading to the issuance of approximately 1,382,978 new Bank First shares, while existing Bank First shares were unaffected. Announced publicly on January 2, 2026, the transaction significantly broadens Bank First’s franchise and capabilities: First National Bank and Trust will operate as a division of Bank First until a planned systems conversion in May 2026, after which all locations will move to a unified Bank First brand and digital platform, and the combined organization will span 38 branches with roughly $6 billion in assets, strengthening its competitive position and service offering in Wisconsin and the Stateline area of Illinois. As part of integrating leadership and governance, Centre’s Chairman and CEO Steve Eldred will join the boards of Bank First Corporation and Bank First, N.A.

The most recent analyst rating on (BFC) stock is a Buy with a $146.00 price target. To see the full list of analyst forecasts on Bank First National stock, see the BFC Stock Forecast page.

Spark’s Take on BFC Stock

According to Spark, TipRanks’ AI Analyst, BFC is a Outperform.

Bank First National’s strong financial performance and positive technical indicators are the primary drivers of its stock score. The solid dividend yield adds to its attractiveness, though the valuation is not particularly cheap. The recent board appointment is a positive corporate event, but its impact is not included in the score calculation.

To see Spark’s full report on BFC stock, click here.

More about Bank First National

Bank First Corporation is a community-focused banking institution based in Manitowoc, Wisconsin, operating through its subsidiary Bank First, N.A. It provides relationship-based banking services to individuals, businesses, and communities, and with the acquisition of Centre 1 Bancorp, Inc., it is expanding into trust and wealth management, offering wealth planning, trust administration, and investment management across Wisconsin and the Stateline area of Illinois.

Average Trading Volume: 68,860

Technical Sentiment Signal: Buy

Current Market Cap: $1.2B

For a thorough assessment of BFC stock, go to TipRanks’ Stock Analysis page.