BFC vs BMA

Bank First Corporation vs Banco Macro S.A. — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — BFC scores higher on quality with 8.8/10 vs BMA's 8.7/10. BFC trades at $139.87 while BMA trades at $88.99. Both analyzed daily using SEC EDGAR data across 13 institutional models.

BFC

Banks - Regional
Bank First Corporation
Quality
8.8
out of 10
Value Trap
Price
$139.87
Last close
Models
12/13
Active
VS

BMA

Banks - Regional
Banco Macro S.A.
Quality
8.7
out of 10
Value Trap
24
SAFE
Price
$88.99
Last close
Models
12/13
Active
BFC
Quality Score 8.8/10 — top tier
Limited to 2/13 visible models
BMA
Earnings Power Value sees +285.8% upside
Limited to 2/13 visible models

BFC vs BMA — Fair Value Comparison

BFC
$0$55$110$165 Price$139.87 Bayesian …$58.28 (-58.3%) Earnings …$83.35 (-40.4%)
BMA
$0$135$270$405 Price$88.99 Bayesian …$76.98 (-13.5%) Earnings …$343.36 (+285.8%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType BFC Fair ValueBFC Upside BMA Fair ValueBMA Upside
Bayesian DCF Intrinsic $58.28 -58.3% $76.98 -13.5%
Earnings Power Value Intrinsic $83.35 -40.4% $343.36 +285.8%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%
RCMH-DCF Intrinsic $•••.•• ••.•% $•••.•• ••.•%

BFC vs BMA — Which Stock Is More Undervalued in 2026?

BFC scores higher with a 8.8/10 quality rating vs BMA's 8.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do BFC and BMA Valuations Compare?

At $139.87, BFC trades +58.3% above its Bayesian DCF fair value of $58.28, while BMA at $88.99 trades +13.5% above its estimate of $76.98. BFC shows a wider gap between price and intrinsic value.

Quality of Company: BFC vs BMA

BFC earns a Quality of Company score of 8.8/10 compared to BMA's 8.7/10. The scores are closely matched, indicating similar fundamental quality profiles. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: BFC vs BMA

Review the value trap analysis for both BFC and BMA to assess whether apparent undervaluation reflects genuine opportunity or hidden fundamental risk.

Both in Banks - Regional

Both BFC and BMA operate in Banks - Regional, which has 329 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN), and ensemble methods (CUCE).

2 of 13 MODELS UNLOCKED

You’re comparing 2 models. 11 more have an opinion.

11 hidden models compare BFC vs BMA differently — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more. Some may disagree with the 2 you see above.

11 additional fair values per stock Full confidence breakdown Live terminal — 5,000+ stocks

Bloomberg Terminal: ~$2,000/mo  ·  FactSet: ~$1,000/mo  ·  CirclFi: $0.90/day

See All 13 Models — $0.90/day

We don’t predict prices. We show you what 13 independent mathematical frameworks say a stock is worth — and let you decide.

See all Banks - Regional stocks →