Business First Bancshares, Inc. (BFST) Q2 2025 Earnings Call Transcript
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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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.
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.
