BFC - Bank First Corporation

BFC

Valuation Ratios

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Price to Earnings	15.24	11.90	16.63	12.20	12.79
Price to Sales
Book Value Per Common Share	191.67	177.45	150.67	127.09	114.74
Price to Book	0.52	0.49	0.62	0.57	0.56
Price to Operating Cash Flow	14.62	17.44	22.78	13.97	10.78
Price to Free Cash Flow
Enterprise Value to EBITDA	62863.05	56872.07	111233.33	75713.46	77476.66

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31
Price to Earnings	22.63	33.33	55.35		19.09	26.64	57.40		19.83	33.82	67.50		18.43	26.23	53.72		15.93	23.33	50.33
Price to Sales
Book Value Per Common Share	63.87	62.27	65.02	191.67	62.82	61.27	60.16	177.45	55.62	54.95	54.04	150.67	48.67	42.06	42.04	127.09	41.26	40.50	39.26	114.74
Price to Book	1.90	1.89	1.55	0.52	1.44	1.35	1.44	0.49	1.39	1.51	1.36	0.62	1.57	1.80	1.71	0.57	1.72	1.72	1.91	0.56
Price to Operating Cash Flow	35.75	64.64	162.59		26.02	51.30	663.63		24.42	56.69	173.74		31.39	56.44	218.28		21.95	45.90	93.63
Price to Free Cash Flow
Enterprise Value to EBITDA	94869.95	137403.66	230732.59		78472.86	111591.89	244755.70		85529.05	147223.05	307810.76		128634.59	159751.02	325886.38		99770.84	150613.75	327786.44

Earnings Data

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Earning YoY	-10.71	30.47	-5.74	16.77
Revenue YoY
EBITDA YoY	-0.08	109.79	3.60	12.66
Net Profit YoY	-12.01	64.80	-0.51	19.44

Breakdown	2025-09-30	2025-06-30	2024-09-30	2024-06-30	2023-09-30	2023-06-30	2022-09-30	2022-06-30	2021-09-30	2021-06-30
Earning YoY	51.84	93.96	53.23	105.30	58.13	125.69	43.60	115.67	48.83	100.67
Revenue YoY
EBITDA YoY	49.35	93.37	55.86	106.99	59.46	136.01	51.42	111.97	52.40	101.43
Net Profit YoY	51.23	92.51	52.59	104.20	59.66	132.32	48.23	114.45	48.64	100.30

Financial Strength

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Cash Per Common Share	59.36	52.32	28.28	78.71	45.96
Quick Ratio
Current Ratio
Debt to Equity	2.94	2.85	3.37	0.62	0.68
Long-Term Debt to Equity

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31
Cash Per Common Share	12.79	12.15	30.23	59.47	20.33	9.80	8.19	51.35	7.34	10.78	17.47	28.09	17.48	5.87	14.24	78.76	39.27	32.80	34.11	44.36
Quick Ratio
Current Ratio
Debt to Equity	6.04	6.13	5.95	2.94	5.83	5.75	5.73	2.85	6.08	6.17	6.41	3.37	7.29	8.43	8.19	0.62	8.03	8.05	8.38	0.68
Long-Term Debt to Equity

Profitability

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
ROA	1.25	1.51	1.06	0.65	0.04
ROE	4.94	5.80	4.64	1.05	0.06
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-09-30	2024-06-30	2024-03-31	2023-09-30	2023-06-30	2023-03-31	2022-09-30	2022-06-30	2022-03-31	2021-09-30	2021-06-30	2021-03-31
ROA	1.20	0.80	0.40	1.12	0.76	0.38	0.97	0.61	0.26	0.89	0.74	0.35	1.20	0.82	0.40
ROE	8.45	5.73	2.81	7.64	5.12	2.53	6.86	4.35	1.90	7.37	6.95	3.20	10.87	7.41	3.79
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

Dividends

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Dividend Yield
Dividend Payout Ratio

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets	5,237,552.00	4,946,295.00	4,257,225.00	6,986,987.00	106,561,789.00
Deposits	3,661,073.00	3,432,920.00	3,060,229.00	8,156,880.00	2,320,963.00
Cash and Short-Term Investments	595,369.00	532,296.00	253,462.00	599,903.00	342,022.00
Cash and Cash Equivalents	595,369.00	532,296.00	253,462.00	599,903.00	342,022.00
Short-Term Investments	0	0	0	0	0
Net Receivables	0	0	0	10,321.00	0
Inventory	0	0	0	0	0
Other Current Assets	0	0	0	0	0
Property, Plant, Equipment Net	72,708.00	71,474.00	58,030.00	51,041.00	44,774.00
Real Estate	0	1,390.00	1,405.00	0	0
Goodwill	175,106.00	175,106.00	110,206.00	55,357.00	67,487.00
Intangible Assets	21,203.00	0	0	0	9,167.00
Long-Term Investments	34,093.00	32,926.00	44,180.00	42,935.00	42,305.00
Non-Current Deferred Assets	0	0	0	0	0
Other Non-Current Assets	0	0	0	0	0
Liabilities	3,909,586.00	3,661,244.00	3,283,297.00	2,676,783.00	43,304,075.00
Payables and Expenses	0	0	0	0	0
Account Payables	0	0	0	0	0
Current Accrued Liabilities	0	0	0	0	0
Short-Term Debt	0	0	0	0	0
Other Current Liabilities	0	0	0	0	0
Long-Term Debt	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0
Equity	1,327,966.00	1,285,051.00	973,928.00	4,310,204.00	63,257,714.00
Shareholders Equity	1,919,049.00	1,839,294.00	1,359,309.00	967,959.00	884,571.00
Capital Stock	115.00	115.00	101.00	85.00	85.00
Share Premium	333,842.00	333,815.00	218,263.00	93,149.00	92,847.00
Retained Earnings	398,002.00	348,001.00	295,496.00	258,104.00	221,393.00
Treasury Shares	82,925.00	53,387.00	45,191.00	32,294.00	25,227.00
Accumulated Other Comprehensive Income	-9,351.00	-8,746.00	-15,566.00	3,609.00	5,759.00
Minority Interest	0	0	0	0	0
Investments	56,736.00	54,292.00	1,675,905.00	1,127,206.00	889,734.00
Debt	36,000.00	30,000.00	70,500.00	54,511.00	58,469.00
Common Shares Outstanding	10,012.09	10,365.13	9,021.70	7,616.54	7,709.50

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Cost Of Revenue	800.00	4,682.00	2,200.00	3,100.00	7,125.00
Interest Income	274,151.00	261,327.00	164,082.00	145,434.00	140,203.00
Interest Expense	68,605.00	49,003.00	12,449.00	8,304.00	13,865.00
Net Interest	137,800.00	133,480.00	104,085.00	90,082.00	86,835.00
Non-Interest Income	19,680.00	58,115.00	19,847.00	23,518.00	23,520.00
Non-Interest Expense	78,767.00	88,119.00	62,099.00	50,533.00	53,353.00
Provisions for Credit Losses	-800.00	4,682.00	2,200.00	3,100.00	7,125.00
Selling, General and Administrative Expenses	16,847.00	20,636.00	12,833.00	16,076.00	5,387,332.00
EBT	79,513.00	98,794.00	59,633.00	59,967.00	49,877.00
Income Tax	13,187.00	22,659.00	13,549.00	13,922.00	11,283.00
Net Income	65,563.00	74,514.00	45,214.00	45,444.00	38,046.00
EBIT	148,118.00	147,797.00	72,082.00	68,271.00	63,742.00
Deprecation and Amortization	9,692.00	10,135.00	3,199.00	4,393.00	755.00
EBITDA	157,810.00	157,932.00	75,281.00	72,664.00	64,497.00
EPS	0.01	0.01	0.01	0.01	0.01
Diluted EPS	0.01	0.01	0.01	0.01	0.01
Average Shares Outstanding Basic	10,029.90	10,173.21	8,962.40	7,621.63	7,441.26
Average Shares Outstanding Diluted	10,054.57	10,198.99	8,993.68	7,643.17	7,481.08

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Cash Flow	68,000.00	50,537.00	36,519.00	39,413.00	44,764.00
Operating Net Income	65,563.00	74,514.00	45,214.00	45,444.00	38,046.00
Deprecation and Amortization	9,692.00	10,135.00	3,199.00	4,393.00	755.00
Deferred Income Tax	1,773.00	-1,724.00	-869.00	-1.00	-116.00
Share Based Compensation	2,172.00	2,142.00	1,662.00	1,393.00	1,081.00
Change in Working Capital	10,885.00	16,900.00	-6,566.00	-7,536.00	8,188.00
Other Operating Activities	-22,085.00	-51,430.00	-6,121.00	-4,280.00	-3,190.00
Investing Cash Flow	-168,376.00	334,709.00	-150,292.00	-71,526.00	-187,040.00
Capital Expenditure	0.00	0.00	0.00	0.00	0.00
Net Purchase/Sale of PPE	9,605.00	13,484.00	6,872.00	9,266.00	8,655.00
Net Purchase/Sale of Investments Net	3,938.00	2,323.00	320.00	138,780.00	167,457.00
Net Purchase/Sale of Business	0	51,674.00	0	0	-30,822.00
Net Loan & Lease Activity	168,856.00	37,410.00	198,000.00	41,713.00	343,581.00
Other Investing Activities	-350,775.00	229,818.00	-355,484.00	-261,285.00	-675,911.00
Financing Cash Flow	149,585.00	-234,529.00	-55,159.00	163,353.00	227,564.00
Net Issuance/Repayment of Debt	104,253.00	193,358.00	6,320,358.00	30,125.00	235,217.00
Net Issuance/Repurchase of Equity	64,346.00	20,482.00	28,856.00	8,272.00	12,121.00
Dividends Paid	15,562.00	11,959.00	7,822.00	8,733.00	6,147.00
Other Financing Activities	-34,576.00	-460,328.00	-6,412,195.00	116,223.00	-25,921.00
Net Change in Cash	49,209.00	150,717.00	-168,932.00	131,240.00	85,288.00
Cash at Beginning of Period	212,123.00	96,751.00	288,283.00	165,620.00	0
Cash at End of Period	261,332.00	247,468.00	119,351.00	296,860.00	0
Free Cash Flow	0	0	0	0	0

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31
Assets	4,420,411.00	4,365,082.00	4,505,065.00	5,237,552.00	4,294,498.00	4,145,820.00	4,099,924.00	4,946,295.00	4,087,519.00	4,092,071.00	4,167,228.00	4,257,225.00	3,640,754.00	2,961,027.00	2,924,936.00	6,986,987.00	2,846,605.00	2,818,950.00	2,846,199.00	106,561,789.00
Deposits	3,538,761.00	3,595,424.00	3,674,218.00	3,661,073.00	3,484,741.00	3,399,941.00	3,416,039.00	3,432,920.00	3,398,293.00	3,405,736.00	3,463,235.00	3,060,229.00	3,138,201.00	2,601,477.00	2,557,106.00	8,156,880.00	2,471,258.00	2,446,654.00	2,448,035.00	2,320,963.00
Cash and Short-Term Investments	126,184.00	120,328.00	300,865.00	595,369.00	204,428.00	98,950.00	83,374.00	532,296.00	75,776.00	111,326.00	169,691.00	253,462.00	143,441.00	43,985.00	107,359.00	599,903.00	299,953.00	251,071.00	261,174.00	342,022.00
Cash and Cash Equivalents	126,184.00	120,328.00	300,865.00	595,369.00	204,428.00	98,950.00	83,374.00	532,296.00	75,776.00	111,326.00	169,691.00	253,462.00	143,441.00	43,985.00	107,359.00	599,903.00	299,953.00	251,071.00	261,174.00	342,022.00
Short-Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	0	0	0	0	0	0	0	0	0	0	0	0	4,370.00	4,348.00	4,487.00	10,321.00	11,549.00	0	0	0
Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property, Plant, Equipment Net	78,027.00	75,667.00	72,670.00	72,708.00	69,710.00	68,633.00	69,621.00	71,474.00	70,994.00	66,958.00	63,736.00	58,030.00	57,019.00	50,608.00	50,068.00	51,041.00	44,181.00	43,503.00	43,606.00	44,774.00
Real Estate	0	0	0	0	0	0	0	1,390.00	0	0	0	1,405.00	0	0	0	0	0	0	0	0
Goodwill	175,106.00	175,106.00	175,106.00	175,106.00	175,106.00	175,106.00	175,106.00	175,106.00	175,106.00	175,104.00	175,125.00	110,206.00	111,551.00	55,357.00	55,357.00	55,357.00	55,357.00	55,357.00	55,472.00	67,487.00
Intangible Assets	17,404.00	18,632.00	19,905.00	21,203.00	0	0	0	0	0	0	0	0	0	0	3,742.00	0	8,731.00	9,083.00	8,816.00	9,167.00
Long-Term Investments	35,838.00	35,159.00	34,639.00	34,093.00	34,747.00	34,218.00	33,372.00	32,926.00	46,203.00	45,415.00	45,049.00	44,180.00	44,146.00	43,700.00	43,552.00	42,935.00	42,940.00	42,615.00	42,375.00	42,305.00
Non-Current Deferred Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Liabilities	3,792,286.00	3,752,749.00	3,856,651.00	3,909,586.00	3,665,603.00	3,531,241.00	3,490,594.00	3,661,244.00	3,510,190.00	3,521,199.00	3,604,856.00	3,283,297.00	3,201,339.00	2,646,865.00	2,606,633.00	2,676,783.00	2,531,343.00	2,507,520.00	2,542,757.00	43,304,075.00
Payables and Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Account Payables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Current Accrued Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short-Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long-Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity	628,125.00	612,333.00	648,414.00	1,327,966.00	628,895.00	614,579.00	609,330.00	1,285,051.00	577,329.00	570,872.00	562,372.00	973,928.00	439,415.00	314,162.00	318,303.00	4,310,204.00	315,262.00	311,430.00	303,442.00	63,257,714.00
Shareholders Equity	628,125.00	612,333.00	648,414.00	1,919,049.00	628,895.00	614,579.00	609,330.00	1,839,294.00	577,329.00	570,872.00	562,372.00	1,359,309.00	439,415.00	314,162.00	318,303.00	967,959.00	315,262.00	311,430.00	303,442.00	884,571.00
Capital Stock	115.00	115.00	115.00	115.00	115.00	115.00	115.00	115.00	115.00	115.00	115.00	101.00	101.00	85.00	85.00	85.00	85.00	85.00	85.00	85.00
Share Premium	333,285.00	332,734.00	332,250.00	333,842.00	333,303.00	332,763.00	332,224.00	333,815.00	333,254.00	332,718.00	332,199.00	218,263.00	218,365.00	92,613.00	92,166.00	93,149.00	92,789.00	92,426.00	92,105.00	92,847.00
Retained Earnings	403,044.00	389,479.00	411,752.00	398,002.00	384,936.00	372,420.00	359,872.00	348,001.00	316,212.00	304,525.00	293,510.00	295,496.00	284,907.00	276,630.00	266,614.00	258,104.00	248,619.00	241,222.00	231,289.00	221,393.00
Treasury Shares	102,160.00	102,234.00	87,099.00	82,925.00	82,983.00	81,348.00	73,470.00	53,387.00	52,497.00	51,548.00	50,296.00	45,191.00	45,219.00	43,135.00	35,972.00	32,294.00	30,602.00	27,352.00	24,560.00	25,227.00
Accumulated Other Comprehensive Income	-6,159.00	-7,761.00	-8,604.00	-9,351.00	-6,476.00	-9,371.00	-9,411.00	-8,746.00	-19,755.00	-14,938.00	-13,156.00	-15,566.00	-18,739.00	-12,031.00	-4,590.00	3,609.00	4,371.00	5,049.00	4,523.00	5,759.00
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	62,804.00	58,386.00	57,800.00	56,736.00	57,314.00	55,474.00	54,662.00	54,292.00	67,745.00	66,936.00	66,647.00	1,675,905.00	1,657,103.00	1,593,128.00	1,560,112.00	1,127,206.00	805,641.00	832,519.00	902,900.00	889,734.00
Debt	12,000.00	12,000.00	12,000.00	36,000.00	12,000.00	12,000.00	12,000.00	30,000.00	23,500.00	23,500.00	23,500.00	70,500.00	23,500.00	17,500.00	36,747.00	54,511.00	38,179.00	38,197.00	41,967.00	58,469.00
Common Shares Outstanding	9,834.08	9,833.48	9,973.28	10,012.09	10,011.43	10,031.35	10,129.19	10,365.13	10,379.07	10,389.24	10,407.11	9,021.70	9,028.63	7,470.26	7,570.77	7,616.54	7,641.77	7,688.80	7,729.22	7,709.50

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31
Cost Of Revenue	1,250.00	600.00	400.00	200.00	200.00	200.00	200.00	-7,864.00	4,182.00	4,182.00	4,182.00	-2,400.00	1,700.00	1,700.00	1,200.00	-2,150.00	2,500.00	1,850.00	900.00
Interest Income	165,079.00	109,623.00	55,048.00	-26,391.00	152,651.00	98,619.00	49,272.00	-226.00	133,820.00	86,831.00	40,902.00	9,042.00	80,780.00	50,040.00	24,220.00	-796.00	73,343.00	48,445.00	24,442.00
Interest Expense	53,587.00	36,384.00	18,511.00	-29,993.00	50,412.00	32,263.00	15,923.00	-13,246.00	33,256.00	20,325.00	8,668.00	-1,068.00	7,317.00	4,270.00	1,930.00	-5,055.00	6,492.00	4,528.00	2,339.00
Net Interest	111,492.00	73,239.00	36,537.00	-64,144.00	102,239.00	66,356.00	33,349.00	-65,824.00	100,564.00	66,506.00	32,234.00	-37,438.00	73,463.00	45,770.00	22,290.00	-42,789.00	66,851.00	43,917.00	22,103.00
Non-Interest Income	17,462.00	11,509.00	6,588.00	-10,158.00	15,167.00	10,274.00	4,397.00	26,695.00	15,657.00	9,914.00	5,849.00	-12,123.00	15,951.00	10,785.00	5,234.00	-13,288.00	17,812.00	12,784.00	6,210.00
Non-Interest Expense	62,446.00	41,360.00	20,604.00	-40,419.00	59,481.00	39,381.00	20,324.00	-29,923.00	59,257.00	39,121.00	19,664.00	-21,427.00	44,845.00	25,950.00	12,731.00	-23,050.00	36,912.00	24,446.00	12,225.00
Provisions for Credit Losses	1,250.00	600.00	400.00	-1,400.00	200.00	200.00	200.00	-7,864.00	4,182.00	4,182.00	4,182.00	-2,400.00	1,700.00	1,700.00	1,200.00	-2,150.00	2,500.00	1,850.00	900.00
Selling, General and Administrative Expenses	13,495.00	9,213.00	4,340.00	-7,901.00	12,408.00	8,034.00	4,306.00	-2,464.00	11,548.00	7,636.00	3,916.00	-4,080.00	8,605.00	5,576.00	2,732.00	-74.00	7,942.00	5,359.00	2,849.00
EBT	65,258.00	42,788.00	22,121.00	-32,483.00	57,725.00	37,049.00	17,222.00	-1,342.00	52,782.00	33,117.00	14,237.00	-25,734.00	42,869.00	28,905.00	13,593.00	-30,877.00	45,251.00	30,405.00	15,188.00
Income Tax	12,152.00	7,672.00	3,880.00	-3,903.00	9,702.00	5,578.00	1,810.00	-2,369.00	13,166.00	8,305.00	3,557.00	-7,428.00	10,499.00	7,068.00	3,410.00	-8,066.00	10,971.00	7,343.00	3,674.00
Net Income	53,106.00	35,116.00	18,241.00	-29,343.00	48,023.00	31,471.00	15,412.00	-594.00	39,616.00	24,812.00	10,680.00	-19,176.00	32,370.00	21,837.00	10,183.00	-23,412.00	34,280.00	23,062.00	11,514.00
EBIT	118,845.00	79,172.00	40,632.00	-62,476.00	108,137.00	69,312.00	33,145.00	-14,588.00	86,038.00	53,442.00	22,905.00	-26,802.00	50,186.00	33,175.00	15,523.00	-35,932.00	51,743.00	34,933.00	17,527.00
Deprecation and Amortization	6,902.00	5,025.00	2,911.00	-5,535.00	7,574.00	4,930.00	2,723.00	-4,691.00	7,584.00	5,270.00	1,972.00	-3,770.00	3,493.00	2,275.00	1,201.00	1,019.00	2,536.00	683.00	155.00
EBITDA	125,747.00	84,197.00	43,543.00	-68,011.00	115,711.00	74,242.00	35,868.00	-19,279.00	93,622.00	58,712.00	24,877.00	-30,572.00	53,679.00	35,450.00	16,724.00	-34,913.00	54,279.00	35,616.00	17,682.00
EPS	0.01	0.00	0.00	-0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.00	0.00	0.00	0.00	-0.00	0.00	0.00	0.00
Diluted EPS	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Shares Outstanding Basic	9,863.14	9,901.99	9,950.97	9,786.50	10,053.68	10,101.49	10,177.93	10,316.15	10,330.78	10,331.73	9,714.18	12,604.68	8,205.91	7,498.74	7,540.26	7,534.63	7,638.86	7,655.74	7,657.30
Average Shares Outstanding Diluted	9,884.60	9,922.37	9,972.15	9,818.44	10,075.89	10,122.56	10,201.37	10,357.90	10,353.62	10,346.58	9,737.88	12,669.56	8,228.20	7,517.77	7,559.22	7,560.87	7,658.83	7,674.99	7,677.98

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31
Operating Cash Flow	33,473.00	18,022.00	6,166.00	15,364.00	35,044.00	16,263.00	1,329.00	-1,383.00	32,643.00	15,163.00	4,114.00	3,964.00	19,995.00	10,073.00	2,487.00	-3,021.00	24,663.00	11,638.00	6,133.00
Operating Net Income	53,106.00	35,116.00	18,241.00	-29,343.00	48,023.00	31,471.00	15,412.00	-594.00	39,616.00	24,812.00	10,680.00	-19,176.00	32,370.00	21,837.00	10,183.00	-23,412.00	34,280.00	23,062.00	11,514.00
Deprecation and Amortization	6,902.00	5,025.00	2,911.00	-5,535.00	7,574.00	4,930.00	2,723.00	-4,691.00	7,584.00	5,270.00	1,972.00	-3,770.00	3,493.00	2,275.00	1,201.00	1,329.00	2,536.00	683.00	-155.00
Deferred Income Tax	0	0	0	1,773.00	0	0	0	-1,724.00	0	0	0	-869.00	0	0	0	-1.00	0	0	0
Share Based Compensation	1,586.00	1,035.00	551.00	-1,108.00	1,633.00	1,093.00	554.00	-915.00	1,581.00	1,020.00	456.00	-640.00	1,215.00	767.00	320.00	-614.00	1,033.00	670.00	304.00
Change in Working Capital	-15,424.00	-9,962.00	-12,362.00	43,485.00	-7,165.00	-11,375.00	-14,060.00	18,257.00	-650.00	-2,054.00	1,347.00	30,521.00	-15,982.00	-10,675.00	-10,430.00	25,296.00	-9,657.00	-13,985.00	-9,190.00
Other Operating Activities	-12,697.00	-13,192.00	-3,175.00	6,092.00	-15,021.00	-9,856.00	-3,300.00	-11,716.00	-15,488.00	-13,885.00	-10,341.00	-2,102.00	-1,101.00	-4,131.00	1,213.00	-5,619.00	-3,529.00	1,208.00	3,660.00
Investing Cash Flow	-51,330.00	-2,769.00	31,543.00	51,643.00	-107,271.00	-69,819.00	-42,929.00	-279,111.00	186,493.00	221,759.00	205,568.00	464,565.00	-139,230.00	-289,576.00	-186,051.00	-10,464.00	1,255.00	-21,195.00	-41,122.00
Capital Expenditure	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Purchase/Sale of PPE	8,752.00	5,775.00	2,155.00	-1,748.00	6,210.00	4,365.00	778.00	-7,284.00	11,312.00	6,752.00	2,704.00	-1,402.00	5,324.00	1,945.00	1,005.00	1,846.00	3,444.00	2,372.00	1,604.00
Net Purchase/Sale of Investments Net	900.00	900.00	0	-195.00	1,936.00	1,936.00	261.00	-35,189.00	1,827.00	1,485.00	34,200.00	-403,457.00	150,459.00	145,523.00	107,795.00	10,500.00	61,749.00	50,304.00	16,227.00
Net Purchase/Sale of Business	0	0	0	0	0	0	0	51,674.00	0	0	0	0	0	0	0	0	0	0	0
Net Loan & Lease Activity	168,856.00	37,410.00	198,000.00	41,713.00	343,581.00
Other Investing Activities	-171,545.00	-71,363.00	-1,029.00	128,511.00	-238,263.00	-158,504.00	-82,519.00	-236,735.00	121,593.00	201,085.00	143,875.00	1,064,591.00	-457,690.00	-587,351.00	-375,034.00	25,265.00	-80,771.00	-108,478.00	-97,301.00
Financing Cash Flow	-117,291.00	-156,257.00	1,824.00	337,854.00	29,187.00	-94,962.00	-122,494.00	432,471.00	-262,711.00	-244,947.00	-159,342.00	-41,666.00	-34,184.00	26,628.00	-5,937.00	-156,816.00	103,816.00	90,409.00	125,944.00
Net Issuance/Repayment of Debt	125,508.00	25,508.00	508.00	2,494.00	104,253.00	73,253.00	-75,747.00	-244,531.00	134,202.00	140,813.00	162,874.00	-8,913,644.00	6,238,491.00	6,023,253.00	2,972,258.00	-6,396.00	5,255.00	9,532.00	21,734.00
Net Issuance/Repurchase of Equity	22,708.00	22,634.00	6,445.00	-20,453.00	32,115.00	30,346.00	22,338.00	-3,680.00	9,249.00	8,149.00	6,764.00	-2,937.00	14,398.00	12,340.00	5,055.00	-2,053.00	6,596.00	3,304.00	425.00
Dividends Paid	48,064.00	43,639.00	4,491.00	-6,119.00	11,088.00	7,052.00	3,541.00	-5,240.00	8,850.00	5,733.00	2,616.00	-2,729.00	5,567.00	3,311.00	1,673.00	-3,172.00	7,054.00	3,233.00	1,618.00
Other Financing Activities	-313,571.00	-248,038.00	-9,620.00	361,932.00	-118,269.00	-205,613.00	-72,626.00	685,922.00	-415,012.00	-399,642.00	-331,596.00	8,877,644.00	-6,292,640.00	-6,012,276.00	-2,984,923.00	-145,195.00	84,911.00	74,340.00	102,167.00
Net Change in Cash	-135,148.00	-141,004.00	39,533.00	404,861.00	-43,040.00	-148,518.00	-164,094.00	151,977.00	-43,575.00	-8,025.00	50,340.00	426,863.00	-153,419.00	-252,875.00	-189,501.00	-170,301.00	129,734.00	80,852.00	90,955.00
Cash at Beginning of Period	261,332.00	261,332.00	261,332.00	-143,529.00	247,468.00	247,468.00	247,468.00	95,491.00	119,351.00	119,351.00	119,351.00	-307,512.00	296,860.00	296,860.00	296,860.00	467,161.00	0	0	0
Cash at End of Period	126,184.00	120,328.00	300,865.00	261,332.00	204,428.00	98,950.00	83,374.00	247,468.00	75,776.00	111,326.00	169,691.00	119,351.00	143,441.00	43,985.00	107,359.00	296,860.00	0	0	0
Free Cash Flow	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0