Bank First Corporation headquartered in Manitowoc has released financial information for the fourth quarter of 2021.
A news release shows a net income of $11.2-million for the last 3 months of the year and $45.4-million for the year ended December 31st.
Earnings per common share of Bank First were $1.46 and $5.92 for the last quarter and the year, respectively.
Net interest income over the final 3 months of 2021 was $23.2 million, up $300,000 from the 3rd quarter, but off $1.2-million from the fourth quarter of 2020.
The NII for last year was $90.1 million, up from $86.8-million during the prior year.
Bank First was a very active participant in the Paycheck Protection Program, operated through the Small Business Administration, supporting small businesses during the turbulent economic environment created by the pandemic.
The banking operation originated more than $381-million in loans to new and existing customers under the PPP, $31.1 million of which remained unpaid and unforgiven as of December 31st.
Bank First declared a quarterly cash dividend of 22-cents a share, an increase of nearly 5% from the previous fourth quarter.
