Bank First Q1 2024 Adj EPS $1.51 Beats $1.47 Estimate, Sales $37.746M Miss $39.900M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bank First (NASDAQ:BFC) reported Q1 2024 adjusted EPS of $1.51, surpassing the $1.47 estimate, but its sales of $37.746M fell short of the $39.900M forecast, marking a 0.67% decrease from the previous year.
April 16, 2024 | 8:26 pm
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NEUTRAL IMPACT
Bank First reported a mixed Q1 2024 with an EPS beat and a sales miss, indicating potential volatility in its stock price.
The EPS beat suggests operational efficiency and profitability, which is positive for investor sentiment. However, the sales miss, especially when it represents a year-over-year decline, could raise concerns about growth prospects and lead to short-term price volatility. The mixed results make the short-term impact on the stock price uncertain, hence the neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100