Bank First

Q2 FY2026 EarningsQ2 FY2026 results showed a mix of GAAP misses and non-GAAP beats following the Centre acquisition. GAAP EPS of $2.21 missed the $2.245 consensus due to higher acquisition-related expenses, while adjusted EPS of $2.45 significantly outperformed the $2.28 consensus. Total revenue of $65.0M (Net Interest Income + Noninterest Income) was slightly above the $64.4M expected. Net Interest Margin (NIM) expanded to 4.13%, driven by purchase accounting accretion and improved asset yields, providing a strong offset to temporary loan portfolio attrition.