3 unchanged sentences
The trading volume of Bank First’s common stock is less than that of banks with larger market capitalizations, even though Bank First has improved accessibility to its common stock first through the OTC Market Group and more recently through its listing on Nasdaq.
−Removed: As of March 12, 2021, Bank First had approximately 496 shareholders of record and 7,728,598 shares issued and outstanding.
+Added: As of December 31, 2021, Bank First had approximately 481 shareholders of record, 8,478,383 shares issued and 7,616,539 shares outstanding.
Share Repurchase Program
−Removed: On July 21, 2020, the Company reactivated its share repurchase program, pursuant to which the Company may repurchase up to $10 million of its common stock, par value $0.01 per share, for a period of nine (9) months, ending on April 21, 2021.
−Removed: The program was announced in a Current Report on Form 8-K on July 27, 2020.
+Added: On April 20, 2021, the Company reactivated its share repurchase program, pursuant to which the Company may repurchase up to $12 million of its common stock, par value $0.01 per share, for a period of one (1) year ending on April 19, 2022.
+Added: The program was announced in a Current Report on Form 8-K on April 20, 2021.
The table below sets forth information regarding repurchases of our common stock during the fourth quarter of 2021 under that program as well as pursuant to the 2020 Equity Plan and other repurchases.
12 unchanged sentences
Based on the closing price per share as of December 31, 2021 ($72.24).
−Removed: On November 5, 2020, the Company repurchased these shares from the charitable remainder trust of director Robert W.
−Removed: The shares were not repurchased pursuant to any publicly announced plans or programs.
Performance Graph
2 unchanged sentences
Period Ending
−Removed: SELECTED FINANCIAL DATA
−Removed: The following table sets forth summarized selected consolidated financial information for each of the periods indicated.
−Removed: This information should be read together with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” below and with the accompanying consolidated financial statements included in this Annual Report.
−Removed: Historical results set forth below and elsewhere in this Annual Report are not necessarily indicative of future performance.
−Removed: (dollars in thousands, except per share and other data)
−Removed: Operating Data
−Removed: Interest Income
−Removed: Interest Expense
−Removed: Net interest and dividend Income
−Removed: Provision for Loan Losses
−Removed: Non-Interest Income
−Removed: Non-Interest Expense
−Removed: Income Before Taxes
−Removed: Average shares outstanding, basic
−Removed: Average shares outstanding, diluted
−Removed: Total shares outstanding
−Removed: Basic Earnings per share
−Removed: Diluted Earning per Share
−Removed: Dividends Declared Per Share
−Removed: Dividend payout ratio (1)
−Removed: Financial Condition Data
−Removed: Total Deposits
−Removed: Shareholders’ equity
−Removed: Book Value Per Share
−Removed: Performance Ratios
−Removed: Return on Average Assets
−Removed: Return on Average Shareholders’ equity
−Removed: Equity to assets
−Removed: Interest rate spread, taxable equivalent (2)
−Removed: Net Interest Margin, taxable equivalent (3)
−Removed: Efficiency ratio (4)
−Removed: Asset Quality
−Removed: Non-Performing Loans
−Removed: Non-Performing Loans/Total Loans
−Removed: Net (Recoveries)/Charge-Offs
−Removed: Allowance/Total Loans
−Removed: Capital Ratios (5):
−Removed: Total Capital
−Removed: Tier 1 capital
−Removed: Common Equity Tier 1
−Removed: Tier 1 leverage capital
−Removed: Number of full service offices
−Removed: Full time equivalent employees
−Removed: (1) Dividend payout ratio represents per share dividends declared divided by earnings per share.
−Removed: (2) The interest rate spread represents the difference between the fully taxable equivalent weighted-average yield on interest-earning assets and the weighted-average cost of interest-bearing liabilities for the period.
−Removed: (3) The net interest margin represents fully taxable equivalent net interest income as a percent of average interest-earning assets for the period.
−Removed: (4) The efficiency ratio represents noninterest expense as a percentage of the sum of net interest income on a fully taxable equivalent basis and noninterest income.
−Removed: (5) Capital ratios are for Bank First Corporation.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.