How might BFC's past earnings shape its future?

**Bank First Corporation (BFC) has demonstrated strong growth and profitability**, which could positively influence its future earnings and market performance.

1. **Consistent Revenue Growth**: BFC has shown a significant increase in revenue, with a 47% rise from FY 2022 to FY 2023, and a 11% increase in Q1 2024 compared to the same period in the previous year. This consistent growth in revenue suggests a strong business model and market demand for its services.
2. **Earnings Increase**: The net income of BFC has also seen substantial growth, with a 65% increase from FY 2022 to FY 2023 and a 45% increase in Q1 2024 compared to Q1 2023. This trend indicates efficient management and operational effectiveness, which could lead to continued earnings growth.
3. **Profit Margin Improvement**: BFC has improved its profit margin from 37% in FY 2022 to 41% in FY 2023, and maintained this trend with a 41% profit margin in Q2 2024. The consistent improvement in profit margin reflects better cost management and operational efficiency, which are positive indicators for future earnings.
4. **Earnings Beats and Estimates**: BFC has beaten earnings expectations in several quarters, indicating that financial analysts' projections may be conservative. This could lead to higher earnings estimates in the future, potentially driving stock price appreciation.
5. **Market Position and Outlook**: BFC's ability to beat earnings estimates and the fact that it has topped Q2 earnings and revenue estimates suggest a strong market position and a positive outlook. This confidence in BFC's future performance could attract more investors, boosting its stock price.

In conclusion, BFC's past earnings performance, marked by consistent revenue growth, increased profitability, and improved profit margins, suggests a strong financial trajectory. The bank's ability to exceed earnings expectations and the positive market sentiment surrounding it indicate a promising future.