Business First Bancshares, Inc. (BFST) Q2 2025 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 28 2025
0mins
Should l Buy BFST?
Source: SeekingAlpha
GAAP net income and EPS $20.8 million and $0.70, respectively. Included a $3.36 million gain on the sale of a branch. Year-over-year changes not explicitly mentioned.
Non-GAAP core net income and EPS $19.5 million and $0.66 per share, respectively. Year-over-year changes not explicitly mentioned.
Total loans held for investment Increased 4.5% annualized on a linked-quarter basis, up $66.7 million from Q1. Growth driven by C&I and CRE loans, partially offset by decreases in construction and residential loans.
Total deposits Decreased $38.5 million, mostly due to a net decrease in interest-bearing deposits of $140.9 million. Decline driven by withdrawals from financial institution accounts and a branch sale.
Net interest margin (GAAP) Remained unchanged at 3.68% from the prior quarter. Non-GAAP core net interest margin also remained unchanged at 3.64%. Year-over-year changes not explicitly mentioned.
Noninterest expense (GAAP) $51.2 million, including $570,000 of acquisition-related expense and $1 million conversion-related expense. Core noninterest expense was $49.6 million, relatively unchanged from the linked quarter.
Noninterest income (GAAP) $14.4 million, including a $3.36 million gain on the branch sale and a $47,000 loss on the sale of securities. Core noninterest income was $11.1 million.
Nonperforming loans (NPLs) Increased to 0.97% from 0.69% in Q1. Driven by negative migration of 3 loan relationships totaling $23.7 million. Adequate reserves in place for these loans.
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Analyst Views on BFST
Wall Street analysts forecast BFST stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 29.000
Low
31.00
Averages
32.33
High
34.00
Current: 29.000
Low
31.00
Averages
32.33
High
34.00
About BFST
Business First Bancshares, Inc., through its banking subsidiary b1BANK, operates banking centers and loan production offices in markets across Louisiana and Texas, providing commercial and personal banking products and services. The Company's personal banking products and services include personal checking, personal savings, digital banking, long term savings, personal lending and additional services. Its commercial products and services include commercial checking, commercial savings, commercial lending, online banking, and treasury management. The Company's wealth management products and services include investments, financial planning, and insurance. It also provides private client banking products and services. Its personal checking products include MAX Checking and FLEX Checking. Its personal savings products include MAX Money Market, FLEX Savings and AIM Savings. Its commercial checking products include Essential Business Checking, Aspire Checking, and MAX Business Checking.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Business First Bancshares Completes $85 Million Private Placement
- Successful Private Placement: Business First Bancshares has completed a private placement of $85 million in 6.50% fixed-to-floating rate subordinated notes, which is expected to strengthen the company's capital base and support future growth strategies.
- Clear Capital Utilization: The proceeds will be used to redeem $66.93 million in existing subordinated debt while providing additional capital support to b1BANK, enabling the company to better seize strategic opportunities in the future.
- Flexible Interest Structure: The notes will bear a fixed interest rate of 6.50% for the first five years, after which the rate will reset quarterly based on the three-month SOFR plus 300 basis points, ensuring the company’s flexibility amid interest rate fluctuations.
- Compliance and Legal Support: Fenimore Kay Harrison LLP served as legal counsel, while UMB Bank acts as the paying agent and registrar, ensuring that the private placement complies with relevant laws and regulations, thereby enhancing investor confidence.
See More
b1BANK Appoints Ben Marmande as Director of Corporate Banking
- Leadership Expansion: Ben Marmande joins b1BANK as Director of Corporate Banking, focusing on client acquisition and relationship growth in Texas, which is expected to enhance the bank's commercial capabilities and market competitiveness.
- Extensive Industry Experience: With 19 years at IBERIABANK and First Horizon, Marmande served as market president in Houston and Baton Rouge, leading teams of commercial relationship managers and private bankers, thereby enhancing his expertise in serving complex commercial clients.
- Strategic Investment: b1BANK's CEO Jude Melville emphasizes that Marmande's appointment is a strategic investment in corporate banking, aiming to provide more valuable services through deep consultative relationships, further solidifying the bank's position in Texas.
- Industry Recognition: As of December 31, 2025, b1BANK had $8.2 billion in assets and has received multiple industry awards for innovation and workplace quality, with Marmande's addition expected to further enhance the bank's reputation and client trust.
See More
Business First Bancshares to Release Q1 Financial Results on April 27, 2026
- Earnings Release Schedule: Business First Bancshares will announce its Q1 financial results for the period ending March 31, 2026, before market open on April 27, 2026, demonstrating the company's commitment to transparency and investor communication.
- Management Conference Call: The executive management will host a conference call at 9:00 a.m. CST on the same morning to discuss the financial results, which is expected to attract significant attention from investors and analysts, thereby enhancing market confidence.
- Asset Overview: As of December 31, 2025, Business First Bancshares reported $8.2 billion in assets and $5.7 billion in assets under management through its affiliate Smith Shellnut Wilson, indicating a robust market position and growth potential.
- Industry Recognition: b1BANK has been recognized as a 2024 Mastercard “Innovation Award” winner and a multiyear recipient of American Banker Magazine's “Best Banks to Work For,” further enhancing the company's brand image and competitive edge in the market.
See More
b1BANK Partners with Covecta to Integrate AI into Banking Operations
- Strategic Partnership: b1BANK has formed a multi-year strategic partnership with Covecta to integrate agentic AI into key stages of the banking lifecycle, enhancing team efficiency, improving controls, and increasing capacity while maintaining strong risk and compliance standards.
- Productivity Gains: Covecta's technology solutions have demonstrated a 50% productivity uplift among its UK clients, indicating their effectiveness in enhancing operational efficiency and streamlining processes, ultimately benefiting both b1BANK and its customers significantly.
- Rapid Deployment Capability: With Covecta's agents embedded within b1BANK's existing systems, the bank anticipates transitioning from contract signing to go-live in just eight weeks, greatly accelerating the speed and efficiency of innovation deployment.
- Focus on High-Value Activities: b1BANK selected Covecta for its purpose-built agents that possess deep banking domain expertise, allowing teams to concentrate more on relationship building, complex decision-making, and strategic growth, while AI agents manage repetitive checks and reconciliations that have historically created bottlenecks.
See More
Business First Bancshares (BFST) Declares $0.15 Quarterly Dividend with 2.13% Yield
- Dividend Declaration: Business First Bancshares has declared a quarterly dividend of $0.15 per share, maintaining the previous level, which demonstrates the company's stable cash flow and commitment to shareholder returns.
- Yield Metrics: The forward yield of 2.13% not only attracts income-seeking investors but also reflects the company's financial health in the current market environment, indicating a solid investment opportunity.
- Shareholder Arrangement: The dividend is payable on February 18, with a record date of February 15 and an ex-dividend date of February 13, ensuring timely returns for shareholders and boosting investor confidence.
- Stock Repurchase Program: The company has also announced a $30 million stock repurchase program aimed at enhancing earnings per share by reducing the number of shares outstanding, thereby further increasing shareholder value.
See More
Business First Bancshares (BFST) Reports Q4 Earnings Growth to $21.01 Million
- Significant Earnings Growth: Business First Bancshares, Inc. reported fourth-quarter earnings of $21.01 million, or $0.71 per share, marking a substantial increase from last year's $15.14 million and $0.51 per share, indicating strong growth in profitability.
- Exceeding Market Expectations: The adjusted earnings of $23.52 million, or $0.79 per share, surpassed analysts' expectations of $0.68 per share, reflecting the company's better-than-expected performance in its core business and boosting investor confidence.
- Continued Revenue Growth: The company's revenue rose 7.1% year-over-year to $83.09 million, compared to $77.59 million last year, showcasing the company's competitive position and increased customer demand in the market.
- Improved Financial Health: With both earnings and revenue growth, Business First Bancshares' financial health has improved, potentially providing more funding support for future expansion and investments.
See More
Business First Bancshares Completes $85 Million Private Placement
- Successful Private Placement: Business First Bancshares has completed a private placement of $85 million in 6.50% fixed-to-floating rate subordinated notes, which is expected to strengthen the company's capital base and support future growth strategies.
- Clear Capital Utilization: The proceeds will be used to redeem $66.93 million in existing subordinated debt while providing additional capital support to b1BANK, enabling the company to better seize strategic opportunities in the future.
- Flexible Interest Structure: The notes will bear a fixed interest rate of 6.50% for the first five years, after which the rate will reset quarterly based on the three-month SOFR plus 300 basis points, ensuring the company’s flexibility amid interest rate fluctuations.
- Compliance and Legal Support: Fenimore Kay Harrison LLP served as legal counsel, while UMB Bank acts as the paying agent and registrar, ensuring that the private placement complies with relevant laws and regulations, thereby enhancing investor confidence.
See More
b1BANK Appoints Ben Marmande as Director of Corporate Banking
- Leadership Expansion: Ben Marmande joins b1BANK as Director of Corporate Banking, focusing on client acquisition and relationship growth in Texas, which is expected to enhance the bank's commercial capabilities and market competitiveness.
- Extensive Industry Experience: With 19 years at IBERIABANK and First Horizon, Marmande served as market president in Houston and Baton Rouge, leading teams of commercial relationship managers and private bankers, thereby enhancing his expertise in serving complex commercial clients.
- Strategic Investment: b1BANK's CEO Jude Melville emphasizes that Marmande's appointment is a strategic investment in corporate banking, aiming to provide more valuable services through deep consultative relationships, further solidifying the bank's position in Texas.
- Industry Recognition: As of December 31, 2025, b1BANK had $8.2 billion in assets and has received multiple industry awards for innovation and workplace quality, with Marmande's addition expected to further enhance the bank's reputation and client trust.
See More
Business First Bancshares to Release Q1 Financial Results on April 27, 2026
- Earnings Release Schedule: Business First Bancshares will announce its Q1 financial results for the period ending March 31, 2026, before market open on April 27, 2026, demonstrating the company's commitment to transparency and investor communication.
- Management Conference Call: The executive management will host a conference call at 9:00 a.m. CST on the same morning to discuss the financial results, which is expected to attract significant attention from investors and analysts, thereby enhancing market confidence.
- Asset Overview: As of December 31, 2025, Business First Bancshares reported $8.2 billion in assets and $5.7 billion in assets under management through its affiliate Smith Shellnut Wilson, indicating a robust market position and growth potential.
- Industry Recognition: b1BANK has been recognized as a 2024 Mastercard “Innovation Award” winner and a multiyear recipient of American Banker Magazine's “Best Banks to Work For,” further enhancing the company's brand image and competitive edge in the market.
See More
b1BANK Partners with Covecta to Integrate AI into Banking Operations
- Strategic Partnership: b1BANK has formed a multi-year strategic partnership with Covecta to integrate agentic AI into key stages of the banking lifecycle, enhancing team efficiency, improving controls, and increasing capacity while maintaining strong risk and compliance standards.
- Productivity Gains: Covecta's technology solutions have demonstrated a 50% productivity uplift among its UK clients, indicating their effectiveness in enhancing operational efficiency and streamlining processes, ultimately benefiting both b1BANK and its customers significantly.
- Rapid Deployment Capability: With Covecta's agents embedded within b1BANK's existing systems, the bank anticipates transitioning from contract signing to go-live in just eight weeks, greatly accelerating the speed and efficiency of innovation deployment.
- Focus on High-Value Activities: b1BANK selected Covecta for its purpose-built agents that possess deep banking domain expertise, allowing teams to concentrate more on relationship building, complex decision-making, and strategic growth, while AI agents manage repetitive checks and reconciliations that have historically created bottlenecks.
See More
Business First Bancshares (BFST) Declares $0.15 Quarterly Dividend with 2.13% Yield
- Dividend Declaration: Business First Bancshares has declared a quarterly dividend of $0.15 per share, maintaining the previous level, which demonstrates the company's stable cash flow and commitment to shareholder returns.
- Yield Metrics: The forward yield of 2.13% not only attracts income-seeking investors but also reflects the company's financial health in the current market environment, indicating a solid investment opportunity.
- Shareholder Arrangement: The dividend is payable on February 18, with a record date of February 15 and an ex-dividend date of February 13, ensuring timely returns for shareholders and boosting investor confidence.
- Stock Repurchase Program: The company has also announced a $30 million stock repurchase program aimed at enhancing earnings per share by reducing the number of shares outstanding, thereby further increasing shareholder value.
See More
Business First Bancshares (BFST) Reports Q4 Earnings Growth to $21.01 Million
- Significant Earnings Growth: Business First Bancshares, Inc. reported fourth-quarter earnings of $21.01 million, or $0.71 per share, marking a substantial increase from last year's $15.14 million and $0.51 per share, indicating strong growth in profitability.
- Exceeding Market Expectations: The adjusted earnings of $23.52 million, or $0.79 per share, surpassed analysts' expectations of $0.68 per share, reflecting the company's better-than-expected performance in its core business and boosting investor confidence.
- Continued Revenue Growth: The company's revenue rose 7.1% year-over-year to $83.09 million, compared to $77.59 million last year, showcasing the company's competitive position and increased customer demand in the market.
- Improved Financial Health: With both earnings and revenue growth, Business First Bancshares' financial health has improved, potentially providing more funding support for future expansion and investments.
See More
