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: 28.750
Low
31.00
Averages
32.33
High
34.00
Current: 28.750
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.
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- 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.
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Business First Bancshares (BFST) Declares $0.15 Quarterly Dividend with 2.13% Yield
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- 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
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- 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 (BFST) Reports 14% EPS Growth in Q4 2025 and Initiates Stock Buyback
- Strong Earnings Performance: Business First Bancshares reported a net income of $21 million and EPS of $0.71 in Q4 2025, reflecting a 20% year-over-year increase, which significantly enhances market confidence in the company's profitability.
- Stock Buyback Initiative: The company initiated a stock repurchase for the first time in nearly six years, buying back approximately 150,000 shares at around $24.70, indicating management's confidence in future prospects and helping to boost EPS.
- Loan and Deposit Growth: Total loans increased by $168.4 million, with an annualized growth rate of 11.1%, while total deposits rose by $191.7 million, primarily due to a net increase in interest-bearing deposits, showcasing the company's competitive edge and customer appeal.
- Positive Future Outlook: Management expects to focus on optimizing existing systems in 2026, targeting mid-single-digit loan growth, and anticipates non-interest income to remain in the $13 million to $14 million range, demonstrating a clear strategy for sustained growth and risk management.
See More
Business First Bancshares Q4 Non-GAAP EPS Beats Expectations, Announces $30M Stock Repurchase Program
- Earnings Beat: Business First Bancshares reported a Q4 Non-GAAP EPS of $0.79, exceeding expectations by $0.08, which reflects the company's ongoing profitability enhancement and strengthens investor confidence.
- Revenue Growth: The company achieved Q4 revenue of $83.09 million, a 7.1% year-over-year increase, surpassing expectations by $1.68 million, indicating robust business growth and strong market demand, thereby enhancing future growth potential.
- Repurchase Program: Business First Bancshares announced a $30 million stock repurchase program aimed at boosting EPS by reducing the number of outstanding shares, demonstrating the company's confidence in its value and commitment to shareholder returns.
- Positive Market Reaction: Following the earnings report, the market reacted positively to Business First Bancshares, which is expected to further drive stock price appreciation and enhance the company's competitiveness in the financial services sector.
See More
Business First Bancshares to Release Q4 2025 Earnings on January 22
- Earnings Release Schedule: Business First Bancshares is set to release its Q4 2025 earnings after market close on January 22, 2026, which is expected to provide critical financial data for assessing the company's performance.
- Management Conference Call: On the same day, management will host a conference call and webcast at 4:00 p.m. CDT to discuss the earnings results with investors and analysts, enhancing transparency and communication.
- Asset Overview: As of September 30, 2025, Business First Bancshares reported $8.0 billion in assets and $5.7 billion in assets under management, indicating robust growth in its markets across Louisiana and Texas.
- Industry Recognition: b1BANK has been awarded the 2024 Mastercard “Innovation Award” and has been a multi-year winner of American Banker Magazine’s “Best Banks to Work For,” reflecting its competitiveness and appeal in the industry.
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 (BFST) Reports 14% EPS Growth in Q4 2025 and Initiates Stock Buyback
- Strong Earnings Performance: Business First Bancshares reported a net income of $21 million and EPS of $0.71 in Q4 2025, reflecting a 20% year-over-year increase, which significantly enhances market confidence in the company's profitability.
- Stock Buyback Initiative: The company initiated a stock repurchase for the first time in nearly six years, buying back approximately 150,000 shares at around $24.70, indicating management's confidence in future prospects and helping to boost EPS.
- Loan and Deposit Growth: Total loans increased by $168.4 million, with an annualized growth rate of 11.1%, while total deposits rose by $191.7 million, primarily due to a net increase in interest-bearing deposits, showcasing the company's competitive edge and customer appeal.
- Positive Future Outlook: Management expects to focus on optimizing existing systems in 2026, targeting mid-single-digit loan growth, and anticipates non-interest income to remain in the $13 million to $14 million range, demonstrating a clear strategy for sustained growth and risk management.
See More
Business First Bancshares Q4 Non-GAAP EPS Beats Expectations, Announces $30M Stock Repurchase Program
- Earnings Beat: Business First Bancshares reported a Q4 Non-GAAP EPS of $0.79, exceeding expectations by $0.08, which reflects the company's ongoing profitability enhancement and strengthens investor confidence.
- Revenue Growth: The company achieved Q4 revenue of $83.09 million, a 7.1% year-over-year increase, surpassing expectations by $1.68 million, indicating robust business growth and strong market demand, thereby enhancing future growth potential.
- Repurchase Program: Business First Bancshares announced a $30 million stock repurchase program aimed at boosting EPS by reducing the number of outstanding shares, demonstrating the company's confidence in its value and commitment to shareholder returns.
- Positive Market Reaction: Following the earnings report, the market reacted positively to Business First Bancshares, which is expected to further drive stock price appreciation and enhance the company's competitiveness in the financial services sector.
See More
Business First Bancshares to Release Q4 2025 Earnings on January 22
- Earnings Release Schedule: Business First Bancshares is set to release its Q4 2025 earnings after market close on January 22, 2026, which is expected to provide critical financial data for assessing the company's performance.
- Management Conference Call: On the same day, management will host a conference call and webcast at 4:00 p.m. CDT to discuss the earnings results with investors and analysts, enhancing transparency and communication.
- Asset Overview: As of September 30, 2025, Business First Bancshares reported $8.0 billion in assets and $5.7 billion in assets under management, indicating robust growth in its markets across Louisiana and Texas.
- Industry Recognition: b1BANK has been awarded the 2024 Mastercard “Innovation Award” and has been a multi-year winner of American Banker Magazine’s “Best Banks to Work For,” reflecting its competitiveness and appeal in the industry.
See More
