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Side-by-side financial comparison of Bank First Corp (BFC) and HANMI FINANCIAL CORP (HAFC). Click either name above to swap in a different company.
HANMI FINANCIAL CORP is the larger business by last-quarter revenue ($71.2M vs $44.9M, roughly 1.6× Bank First Corp). Bank First Corp runs the higher net margin — 45.8% vs 29.8%, a 15.9% gap on every dollar of revenue. On growth, HANMI FINANCIAL CORP posted the faster year-over-year revenue change (17.1% vs 12.1%). HANMI FINANCIAL CORP produced more free cash flow last quarter ($203.7M vs $51.0M). Over the past eight quarters, HANMI FINANCIAL CORP's revenue compounded faster (10.4% 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.
Hanmi Bank Corporation is a community bank headquartered in Los Angeles, California, with 35 branches and eight loan production offices in California, Texas, Illinois, New York, New Jersey and Virginia.
BFC vs HAFC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $71.2M |
| Net Profit | $18.4M | $21.2M |
| Gross Margin | — | — |
| Operating Margin | 51.0% | 29.8% |
| Net Margin | 45.8% | 29.8% |
| Revenue YoY | 12.1% | 17.1% |
| Net Profit YoY | 4.8% | 20.0% |
| EPS (diluted) | $1.87 | $0.70 |
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.
| Q4 25 | $44.9M | $71.2M | ||
| Q3 25 | $44.2M | $71.0M | ||
| Q2 25 | $41.6M | $65.2M | ||
| Q1 25 | $43.1M | $62.8M | ||
| Q4 24 | $40.1M | $60.8M | ||
| Q3 24 | $40.8M | $58.5M | ||
| Q2 24 | $38.9M | $56.7M | ||
| Q1 24 | $37.7M | $58.4M |
| Q4 25 | $18.4M | $21.2M | ||
| Q3 25 | $18.0M | $22.1M | ||
| Q2 25 | $16.9M | $15.1M | ||
| Q1 25 | $18.2M | $17.7M | ||
| Q4 24 | $17.5M | $17.7M | ||
| Q3 24 | $16.6M | $14.9M | ||
| Q2 24 | $16.1M | $14.5M | ||
| Q1 24 | $15.4M | $15.2M |
| Q4 25 | 51.0% | 29.8% | ||
| Q3 25 | 50.8% | 31.1% | ||
| Q2 25 | 49.7% | 23.2% | ||
| Q1 25 | 51.3% | 28.1% | ||
| Q4 24 | 54.4% | 29.1% | ||
| Q3 24 | 50.7% | 25.5% | ||
| Q2 24 | 51.0% | 25.5% | ||
| Q1 24 | 45.6% | 26.0% |
| Q4 25 | 45.8% | 29.8% | ||
| Q3 25 | 40.7% | 31.1% | ||
| Q2 25 | 40.5% | 23.2% | ||
| Q1 25 | 42.3% | 28.1% | ||
| Q4 24 | 49.3% | 29.1% | ||
| Q3 24 | 40.6% | 25.5% | ||
| Q2 24 | 41.3% | 25.5% | ||
| Q1 24 | 40.8% | 26.0% |
| Q4 25 | $1.87 | $0.70 | ||
| Q3 25 | $1.83 | $0.73 | ||
| Q2 25 | $1.71 | $0.50 | ||
| Q1 25 | $1.82 | $0.58 | ||
| Q4 24 | $1.75 | $0.58 | ||
| Q3 24 | $1.65 | $0.49 | ||
| Q2 24 | $1.59 | $0.48 | ||
| Q1 24 | $1.51 | $0.50 |
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 | — | — |
| Stockholders' EquityBook value | $643.8M | $796.4M |
| Total Assets | $4.5B | $7.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $83.4M | — |
| Q4 25 | $643.8M | $796.4M | ||
| Q3 25 | $628.1M | $779.5M | ||
| Q2 25 | $612.3M | $762.8M | ||
| Q1 25 | $648.4M | $751.5M | ||
| Q4 24 | $639.7M | $732.2M | ||
| Q3 24 | $628.9M | $736.7M | ||
| Q2 24 | $614.6M | $707.1M | ||
| Q1 24 | $609.3M | $703.1M |
| Q4 25 | $4.5B | $7.9B | ||
| Q3 25 | $4.4B | $7.9B | ||
| Q2 25 | $4.4B | $7.9B | ||
| Q1 25 | $4.5B | $7.7B | ||
| Q4 24 | $4.5B | $7.7B | ||
| Q3 24 | $4.3B | $7.7B | ||
| Q2 24 | $4.1B | $7.6B | ||
| Q1 24 | $4.1B | $7.5B |
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 | $206.0M |
| Free Cash FlowOCF − Capex | $51.0M | $203.7M |
| FCF MarginFCF / Revenue | 113.6% | 286.2% |
| Capex IntensityCapex / Revenue | 25.5% | 3.2% |
| Cash ConversionOCF / Net Profit | 3.40× | 9.70× |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | $356.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.5M | $206.0M | ||
| Q3 25 | $15.5M | $146.9M | ||
| Q2 25 | $11.9M | $-19.0M | ||
| Q1 25 | $6.2M | $25.8M | ||
| Q4 24 | $65.8M | $52.6M | ||
| Q3 24 | $18.8M | $6.7M | ||
| Q2 24 | $14.9M | $2.1M | ||
| Q1 24 | $1.3M | $30.0M |
| Q4 25 | $51.0M | $203.7M | ||
| Q3 25 | $12.5M | $146.4M | ||
| Q2 25 | $8.2M | $-19.6M | ||
| Q1 25 | $4.0M | $25.6M | ||
| Q4 24 | $58.6M | $49.9M | ||
| Q3 24 | $16.9M | $6.5M | ||
| Q2 24 | $13.7M | $1.3M | ||
| Q1 24 | $551.0K | $29.2M |
| Q4 25 | 113.6% | 286.2% | ||
| Q3 25 | 28.2% | 206.3% | ||
| Q2 25 | 19.8% | -30.0% | ||
| Q1 25 | 9.3% | 40.7% | ||
| Q4 24 | 146.3% | 82.1% | ||
| Q3 24 | 41.5% | 11.1% | ||
| Q2 24 | 35.3% | 2.3% | ||
| Q1 24 | 1.5% | 50.0% |
| Q4 25 | 25.5% | 3.2% | ||
| Q3 25 | 6.7% | 0.8% | ||
| Q2 25 | 8.7% | 0.9% | ||
| Q1 25 | 5.0% | 0.4% | ||
| Q4 24 | 18.0% | 4.3% | ||
| Q3 24 | 4.5% | 0.4% | ||
| Q2 24 | 3.1% | 1.4% | ||
| Q1 24 | 2.1% | 1.4% |
| Q4 25 | 3.40× | 9.70× | ||
| Q3 25 | 0.86× | 6.66× | ||
| Q2 25 | 0.70× | -1.26× | ||
| Q1 25 | 0.34× | 1.46× | ||
| Q4 24 | 3.75× | 2.97× | ||
| Q3 24 | 1.13× | 0.45× | ||
| Q2 24 | 0.93× | 0.14× | ||
| Q1 24 | 0.09× | 1.98× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
