BankFirst Capital (Mississippi) (BFCC) AI Stock Analysis

• Market Cap: $278.61M
• Dividend Yield: 2.22%
• Average Volume (3M): 3.69K
• Price to Earnings (P/E): 6.3
• Beta (1Y): -0.03
• Revenue Growth: 11.63%
• EPS Growth: 2.70%
• Country: US
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 1.91
• Shares Outstanding: 5,284,629
• 10 Day Avg. Volume: 4,894
• 30 Day Avg. Volume: 3,693
• PEG Ratio: 0.90
• Price to Book (P/B): 0.62
• Price to Sales (P/S): 1.43
• P/FCF Ratio: 8.34
• Enterprise Value/Market Cap: 1.19
• Enterprise Value/Revenue: 2.05
• Enterprise Value/Gross Profit: 2.97
• Enterprise Value/Ebitda: 9.58
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 77 Outperform
• Price Target: $60.00 ▲(26.45% Upside)
• Action: Reiterated Date: 03/07/26
• Date: Action: Reiterated 03/07/26

The score is driven primarily by solid financial performance (growth, profitability, and a conservative balance sheet) and attractive valuation (low P/E with a modest dividend). Technicals are supportive due to the uptrend, but overbought signals temper the overall rating.

Positive Factors

Consistent Revenue Growth

Sustained multi-year revenue expansion (2020–2025) signals durable demand and successful loan and fee growth across the franchise. This trend supports scale economies, funds reinvestment into products and branches, and provides a secular base to absorb cyclical margin pressure over 2–6 months.

Conservative Balance Sheet

Very low leverage and a sizeable equity base reduce credit and funding risk, improving resilience to economic stress and regulatory shocks. This conservative positioning preserves lending capacity and capital flexibility, supporting steady operations and community lending through adverse cycles.

Positive Cash Generation

Consistent positive operating cash flow and material free cash flow provide internal capital for loan growth, dividends, and reserves. Even with some volatility, FCF coverage near parity with net income supports earnings quality and reduces reliance on external funding for strategic initiatives.

Negative Factors

Volatile Cash Conversion

Irregular free cash flow growth and swings in operating cash conversion undermine predictability of internally funded growth and capital returns. This volatility complicates capital planning, may force occasional external funding, and can constrain strategic investments over the medium term.

Margin Normalization / Profitability Volatility

Reversion from peak margins to more normalized levels and year-to-year profit swings indicate earnings sensitivity to rate and credit cycles. Persistent profitability volatility hampers forecasting, may limit reinvestment capacity, and raises execution risk for steady dividend growth.

Moderate ROE and Lower Return Potential

Mid-to-high single-digit ROE suggests the bank generates modest shareholder returns relative to peers. The deliberate reduction in leverage improves safety but also constrains return amplification, potentially limiting long-term return on equity and shareholder value creation.

BankFirst Capital (Mississippi) Business Overview & Revenue Model

Company Description

BankFirst Capital Corporation operates as the bank holding company for BankFirst Financial Services that provides banking and financial services to individual and corporate customers in east central and central Mississippi, and northwest and west Alabama. It offers personal and business checking and savings products. The company also provides home mortgages; construction, home equity, auto, boat and recreational vehicle, personal, business term, equipment, commercial real estate, and agricultural loans; SBA lending services; and business lines of credit. In addition, it offers debit and credit cards; and online banking and bill pay, e-statement, mobile banking, remote deposit capture, merchant card, and overdraft protection services. Further, the company provides wealth management, cashier checks, safe deposit boxes, wire transfers, night depository, pre-authorized debit, bank by mail, direct deposit, drive-thru teller, notary, and fax services. The company operates through 36 branch locations in Mississippi and Alabama, as well as one mortgage office in Oxford, Mississippi. BankFirst Capital Corporation was founded in 1888 and is headquartered in Columbus, Mississippi.

How the Company Makes Money

BankFirst Capital generates revenue primarily through interest income from loans and investments, as well as non-interest income from service fees, transaction charges, and wealth management services. The core revenue stream comes from the interest earned on personal, commercial, and mortgage loans, which typically involves charging borrowers higher interest rates than the rates paid on deposits. Additionally, BFCC earns non-interest income from fees associated with account maintenance, ATM transactions, and investment advisory services. Strategic partnerships with local businesses and community organizations enhance its service offerings and customer base, further contributing to its earnings through collaborative financial products and community initiatives.

BankFirst Capital (Mississippi) Financial Statement Overview

Summary

Strong multi-year revenue growth and solid profitability, supported by a conservative balance sheet with low leverage. The main offsets are margin normalization from prior peaks and more volatile cash-flow conversion (including a free cash flow decline in 2024).

Income Statement

Revenue has grown steadily over the last several years (about $78.5M in 2020 to $180.2M in 2025), with strong year-over-year growth in 2023 and continued growth in 2024–2025. Profitability remains solid with healthy net margins (roughly mid-teens to ~25% historically), though margins have compressed from the unusually strong 2021–2022 period to more normalized levels in 2024–2025. Net income rose to $28.7M in 2025, but profitability has been somewhat volatile across the cycle (notably a dip in 2024 vs. 2023).

Balance Sheet

The balance sheet looks conservatively positioned with low leverage in recent years (debt-to-equity around 0.07–0.11 from 2022–2025) and a sizeable equity base ($419.1M in 2025) supporting asset growth ($3.30B in 2025). Returns on equity are steady in the mid-to-high single digits in recent years, indicating consistent profitability, though not especially high. A key watch item is the sharp step-down in leverage from 2020–2021 (much higher) to 2022–2025 (much lower), which is positive for risk but may also cap return potential versus more leveraged peers.

Cash Flow

Cash generation is generally positive with operating cash flow and free cash flow staying positive each year, and free cash flow reaching $30.9M in 2025. Free cash flow has covered a large portion of net income (roughly ~0.73–1.0x across years), which supports earnings quality. However, free cash flow growth was negative in 2024 and the operating cash flow coverage figures are inconsistent year-to-year (including an outlier high in 2022), suggesting volatility in cash conversion and less predictability than the income statement alone implies.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	161.87M	180.22M	158.72M	142.30M	90.76M	80.59M
Gross Profit	111.65M	125.14M	108.78M	112.72M	83.58M	73.02M
EBITDA	34.59M	39.92M	36.79M	40.59M	31.60M	25.67M
Net Income	27.33M	28.68M	25.54M	28.20M	22.95M	18.30M
Balance Sheet
Total Assets	2.85B	3.30B	2.80B	2.73B	2.46B	1.82B
Cash, Cash Equivalents and Short-Term Investments	489.79M	0.00	416.35M	348.57M	390.88M	482.64M
Total Debt	36.31M	44.89M	27.39M	37.04M	39.27M	67.61M
Total Liabilities	2.45B	2.88B	2.41B	2.35B	2.12B	1.66B
Stockholders Equity	404.56M	419.13M	390.21M	372.44M	337.33M	156.80M
Cash Flow
Free Cash Flow	0.00	30.94M	24.92M	33.97M	28.23M	25.24M
Operating Cash Flow	0.00	42.62M	31.22M	41.24M	34.82M	28.18M
Investing Cash Flow	0.00	-100.42M	-10.89M	-68.09M	-96.16M	-104.48M
Financing Cash Flow	0.00	30.13M	48.51M	-28.54M	132.80M	75.72M

BankFirst Capital (Mississippi) Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 47.45
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BFCC, the sentiment is Positive. The current price of 47.45 is below the 20-day moving average (MA) of 51.91, below the 50-day MA of 49.57, and above the 200-day MA of 44.52, indicating a bullish trend. The MACD of 0.98 indicates Positive momentum. The RSI at 73.20 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BFCC.

BankFirst Capital (Mississippi) Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BFCC	77 Outperform	$278.61M	6.35	7.00%	2.22%	11.63%	2.70%
LCNB	73 Outperform	$237.91M	9.99	8.97%	5.32%	5.07%	228.39%
FINW	72 Outperform	$216.98M	14.84	8.00%	―	26.54%	2.73%
CFFI	68 Neutral	$232.82M	8.76	10.89%	2.55%	8.53%	42.73%
ISTR	68 Neutral	$380.07M	11.48	8.53%	1.57%	-0.34%	27.03%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%