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Side-by-side financial comparison of Bank First Corp (BFC) and CAMDEN NATIONAL CORP (CAC). Click either name above to swap in a different company.
CAMDEN NATIONAL CORP is the larger business by last-quarter revenue ($64.3M vs $44.9M, roughly 1.4× Bank First Corp). Bank First Corp runs the higher net margin — 45.8% vs 34.0%, a 11.8% gap on every dollar of revenue. Over the past eight quarters, CAMDEN NATIONAL CORP's revenue compounded faster (22.6% CAGR vs 9.1%).
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
Camden National Bank is a commercial bank headquartered in Camden, Maine, operating as the principal subsidiary of Camden National Corporation, a publicly traded bank holding company. Founded in 1875, the bank became a direct, wholly owned subsidiary of the holding company following a corporate reorganization in 1984. Following the 2025 merger with Northway Financial, the combined institution has approximately $7.0 billion in assets.
BFC vs CAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $64.3M |
| Net Profit | $18.4M | $21.9M |
| Gross Margin | — | — |
| Operating Margin | 51.0% | — |
| Net Margin | 45.8% | 34.0% |
| Revenue YoY | 12.1% | — |
| Net Profit YoY | 4.8% | — |
| EPS (diluted) | $1.87 | $1.29 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $64.3M | ||
| Q4 25 | $44.9M | $68.1M | ||
| Q3 25 | $44.2M | $65.4M | ||
| Q2 25 | $41.6M | $62.3M | ||
| Q1 25 | $43.1M | $60.1M | ||
| Q4 24 | $40.1M | $47.6M | ||
| Q3 24 | $40.8M | $45.0M | ||
| Q2 24 | $38.9M | $42.8M |
| Q1 26 | — | $21.9M | ||
| Q4 25 | $18.4M | $22.6M | ||
| Q3 25 | $18.0M | $21.2M | ||
| Q2 25 | $16.9M | $14.1M | ||
| Q1 25 | $18.2M | $7.3M | ||
| Q4 24 | $17.5M | $14.7M | ||
| Q3 24 | $16.6M | $13.1M | ||
| Q2 24 | $16.1M | $12.0M |
| Q1 26 | — | — | ||
| Q4 25 | 51.0% | 41.5% | ||
| Q3 25 | 50.8% | 40.5% | ||
| Q2 25 | 49.7% | 28.5% | ||
| Q1 25 | 51.3% | 10.3% | ||
| Q4 24 | 54.4% | 38.7% | ||
| Q3 24 | 50.7% | 35.2% | ||
| Q2 24 | 51.0% | 34.7% |
| Q1 26 | — | 34.0% | ||
| Q4 25 | 45.8% | 33.1% | ||
| Q3 25 | 40.7% | 32.4% | ||
| Q2 25 | 40.5% | 22.6% | ||
| Q1 25 | 42.3% | 12.2% | ||
| Q4 24 | 49.3% | 30.8% | ||
| Q3 24 | 40.6% | 29.1% | ||
| Q2 24 | 41.3% | 28.0% |
| Q1 26 | — | $1.29 | ||
| Q4 25 | $1.87 | $1.33 | ||
| Q3 25 | $1.83 | $1.25 | ||
| Q2 25 | $1.71 | $0.83 | ||
| Q1 25 | $1.82 | $0.43 | ||
| Q4 24 | $1.75 | $1.00 | ||
| Q3 24 | $1.65 | $0.90 | ||
| Q2 24 | $1.59 | $0.81 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $243.2M | — |
| Total DebtLower is stronger | — | $514.4M |
| Stockholders' EquityBook value | $643.8M | $710.0M |
| Total Assets | $4.5B | $7.0B |
| Debt / EquityLower = less leverage | — | 0.72× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $243.2M | — | ||
| Q3 25 | $126.2M | — | ||
| Q2 25 | $120.3M | — | ||
| Q1 25 | $300.9M | — | ||
| Q4 24 | $261.3M | — | ||
| Q3 24 | $204.4M | — | ||
| Q2 24 | $99.0M | — |
| Q1 26 | — | $514.4M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $710.0M | ||
| Q4 25 | $643.8M | $696.6M | ||
| Q3 25 | $628.1M | $676.4M | ||
| Q2 25 | $612.3M | $652.1M | ||
| Q1 25 | $648.4M | $640.1M | ||
| Q4 24 | $639.7M | $531.2M | ||
| Q3 24 | $628.9M | $529.9M | ||
| Q2 24 | $614.6M | $508.3M |
| Q1 26 | — | $7.0B | ||
| Q4 25 | $4.5B | $7.0B | ||
| Q3 25 | $4.4B | $7.0B | ||
| Q2 25 | $4.4B | $6.9B | ||
| Q1 25 | $4.5B | $7.0B | ||
| Q4 24 | $4.5B | $5.8B | ||
| Q3 24 | $4.3B | $5.7B | ||
| Q2 24 | $4.1B | $5.7B |
| Q1 26 | — | 0.72× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $62.5M | — |
| Free Cash FlowOCF − Capex | $51.0M | — |
| FCF MarginFCF / Revenue | 113.6% | — |
| Capex IntensityCapex / Revenue | 25.5% | — |
| Cash ConversionOCF / Net Profit | 3.40× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $62.5M | $63.9M | ||
| Q3 25 | $15.5M | $36.1M | ||
| Q2 25 | $11.9M | $6.0M | ||
| Q1 25 | $6.2M | $1.0M | ||
| Q4 24 | $65.8M | $60.9M | ||
| Q3 24 | $18.8M | $-14.5M | ||
| Q2 24 | $14.9M | $14.5M |
| Q1 26 | — | — | ||
| Q4 25 | $51.0M | $58.2M | ||
| Q3 25 | $12.5M | $35.4M | ||
| Q2 25 | $8.2M | $4.5M | ||
| Q1 25 | $4.0M | $-727.0K | ||
| Q4 24 | $58.6M | $55.4M | ||
| Q3 24 | $16.9M | $-16.2M | ||
| Q2 24 | $13.7M | $13.2M |
| Q1 26 | — | — | ||
| Q4 25 | 113.6% | 85.5% | ||
| Q3 25 | 28.2% | 54.1% | ||
| Q2 25 | 19.8% | 7.3% | ||
| Q1 25 | 9.3% | -1.2% | ||
| Q4 24 | 146.3% | 116.4% | ||
| Q3 24 | 41.5% | -36.0% | ||
| Q2 24 | 35.3% | 30.8% |
| Q1 26 | — | — | ||
| Q4 25 | 25.5% | 8.4% | ||
| Q3 25 | 6.7% | 1.1% | ||
| Q2 25 | 8.7% | 2.4% | ||
| Q1 25 | 5.0% | 2.9% | ||
| Q4 24 | 18.0% | 11.7% | ||
| Q3 24 | 4.5% | 3.8% | ||
| Q2 24 | 3.1% | 3.0% |
| Q1 26 | — | — | ||
| Q4 25 | 3.40× | 2.83× | ||
| Q3 25 | 0.86× | 1.70× | ||
| Q2 25 | 0.70× | 0.43× | ||
| Q1 25 | 0.34× | 0.14× | ||
| Q4 24 | 3.75× | 4.15× | ||
| Q3 24 | 1.13× | -1.11× | ||
| Q2 24 | 0.93× | 1.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFC
Segment breakdown not available.
CAC
| Net Interest Income | $52.4M | 81% |
| Noninterest Income | $12.0M | 19% |
