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 its listing on Nasdaq.
−Removed: As of December 31, 2022, Bank First had approximately 1,596 shareholders of record, 10,064,858 shares issued and 9,021,696 shares outstanding.
+Added: As of February 29, 2024, Bank First had approximately 1,658 shareholders of record, 11,515,130 shares issued and 10,141,926 shares outstanding.
Share Repurchase Program
1 unchanged sentence
The program was announced in a Current Report on Form 8-K on April 19, 2023.
−Removed: The table below sets forth information regarding repurchases of our common stock during the fourth quarter of 2022 under that program as well as pursuant to the 2020 Equity Plan and other repurchases.
+Added: The table below sets forth information regarding repurchases of our common stock during the fourth quarter of 2023 under that program and other repurchases.
Maximum Number
5 unchanged sentences
Purchased Under the
+Added: (in thousands, except per share data)
Plans or Programs
4 unchanged sentences
Based on the closing price per share as of December 31, 2023 ($86.66).
+Added: The Inflation Reduction Act of 2022 (“IRA”) created a new nondeductible 1% excise tax on repurchases of corporate stock by certain publicly traded corporations or their specified affiliates after December 31, 2022.
+Added: The tax is imposed on the fair value of the stock of a covered corporation that is repurchased in a given year, less the fair market value of any stock issued in that year.
+Added: The Company falls under the definition of a “covered corporation”.
+Added: The excise tax applies to all of the stock of a covered corporation regardless of whether the corporation has profits or losses.
+Added: The impact of the IRA on our consolidated financial statements will be dependent on the extent of stock repurchases made in current and future periods.
Performance Graph
3 unchanged sentences
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.