Bank First (BFC) executive compensation, 2026 proxy

Michael B. Molepske, Chief Executive Officer (Director), was paid $1.8M in 2025, up 6% from $1.7M the year before. The CEO-to-median-employee pay ratio was 30:1, on median employee pay of $60,937.

Filed
April 24, 2026
Annual meeting
June 15, 2026
Pay year
2025
Named executives
5
CEO total pay
$1.8M+6% vs prior year
CEO to median employee
30:1median $60,937
CEO pay in equity
26%$463,787 in awards
CEO Total Compensation
$1,800,787Fiscal 2025 total pay
CEO Pay Ratio
30:1All employees included
Median Employee Pay
$60,937All employees included
Net Income
$71.5MFiscal 2025 net income
Diluted EPS
$7.23Fiscal 2025 diluted earnings per share

How Molepske was paid

$1.8M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary45%Stock awards26%Non-equity incentive26%All other compensation4%

Named executive officers

ExecutiveTotal
Michael B. MolepskeChief Executive Officer (Director)$1,800,787
Timothy J. McFarlanePresident (Director)$1,125,963
Kevin M. LeMahieuChief Financial Officer$1,053,865
Jason V. KreplineChief Lending Officer$640,282
Kelly M. DvorakChief Legal Counsel$545,269

What changed and why

  • $1.8MCEO total compensation increased to $1,800,787 in fiscal 2025 from $1,699,536 in fiscal 2024.
  • $71.5MNet income for the company rose to $71,500,000 in 2025 compared to $65,560,000 in 2024.
  • Restricted stock awards are granted annually based on prior year performance results.
  • $210.85Total shareholder return reached $210.85 in 2025 based on an initial $100 investment.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.