` Comparison: BFC, MTB - Alpha Spread

BFC
vs
MTB

Over the past 12 months, BFC has significantly outperformed MTB, delivering a return of +34% compared to the MTB's +13% growth.

Valuation Growth Profitability Solvency Stocks Performance
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BFC
MTB
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Stocks Compared:
BFC MTB
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Valuation Comparison

BFC Intrinsic Value
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MTB Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Bank First Corp
NASDAQ:BFC
125.44 USD
M&T Bank Corp
NYSE:MTB
212.66 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
BFC, MTB

BFC
MTB
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Bank First Corp
Revenue
M&T Bank Corp
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
BFC, MTB

BFC
MTB
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Bank First Corp
NASDAQ:BFC
FCF is not applicable for financial companies
M&T Bank Corp
NYSE:MTB
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

BFC
MTB
LTM 3Y Avg 5Y Avg 10Y Avg
Bank First Corp
Not applicable for financial companies
M&T Bank Corp
Not applicable for financial companies

Operating Margin

BFC
MTB
LTM 3Y Avg 5Y Avg 10Y Avg
Bank First Corp
Not applicable for financial companies
M&T Bank Corp
Not applicable for financial companies

Net Margin

BFC
41.5%
MTB
27.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Bank First Corp
M&T Bank Corp

FCF Margin

BFC
MTB
LTM 3Y Avg 5Y Avg 10Y Avg
Bank First Corp
Not applicable for financial companies
M&T Bank Corp
Not applicable for financial companies

ROE

BFC
11.2%
MTB
9.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Bank First Corp
M&T Bank Corp

ROA

BFC
1.6%
MTB
1.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Bank First Corp
M&T Bank Corp

ROIC

BFC
MTB
LTM 3Y Avg 5Y Avg 10Y Avg
Bank First Corp
Not applicable for financial companies
M&T Bank Corp
Not applicable for financial companies

ROCE

BFC
MTB
LTM 3Y Avg 5Y Avg 10Y Avg
Bank First Corp
Not applicable for financial companies
M&T Bank Corp
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
BFC, MTB

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BFC
MTB
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Performance Gap
BFC, MTB

Performance Gap Between BFC and MTB
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Performance By Year
BFC, MTB

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BFC
MTB
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