Bank First : Receives 2023 Raymond James Community Bankers Cup

N E W S R E L E A S E

P.O. Box 10, Manitowoc, WI 54221-0010

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Rachel Oakes, Marketing Communications Manager

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FOR IMMEDIATE RELEASE

Bank First Receives 2023 Raymond James Community Bankers Cup

MANITOWOC, WI, June 24, 2024 - Bank First Corporation (NASDAQ: BFC), the holding company for Bank First, N.A., is pleased to announce that Raymond James, an independent investment bank and research firm, has recognized Bank First as one of the top-performing banks in the United States. Based on key financial performance and stability measures, the award places the Bank among the top 10% of community banks.

The recognition comes after a comprehensive analysis of 203 domestic banks with assets between $500 million and $10 billion that are exchange-traded and not considered acquisition targets or mutual holding companies. The evaluation focused on the following six financial performance and stability measures:

• Nonperforming assets to loans and real estate owned
• Five-yearaverage core deposit percentage
• Net interest margin
• Efficiency ratio
• Return on average assets
• Return on average tangible common equity

Each bank was percent-ranked for these measures, and the ranks were summed to determine the overall standing. Bank First is honored to be among the 21 banks recognized for outstanding profitability, operational efficiency, and balance sheet strength.

"This award is a testament to our dedication to financial excellence and our commitment to being a relationship-based bank focused on providing innovative, value driven solutions," said Mike Molepske, Chief Executive Officer of Bank First. "We are proud to be recognized by Raymond James and remain dedicated to delivering exceptional value to our customers, employees, and shareholders."

For more information about Bank First, visit www.bankfirst.com.

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Bank First Corporation (NASDAQ: BFC) provides financial services through its subsidiary, Bank First, N.A., which was incorporated in 1894. Bank First offers loan, deposit, and treasury management products at each of its 26 banking locations in Wisconsin. The Bank has grown through both acquisitions and de novo branch expansion. The Bank employs approximately 379 full-timeequivalent staff and has assets of approximately $4.2 billion. Insurance services are available through its bond with Ansay & Associates, LLC. Trust, investment advisory, and other financial services are offered in collaboration with several regional partners. Further information about Bank First Corporation is available by clicking on the Shareholder Services tab at www.bankfirst.com.