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Business First Bancshares (BFST) Financials

Business First Bancshares logo
$24.27 +0.68 (+2.88%)
Closing price 04:00 PM Eastern
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$24.34 +0.07 (+0.27%)
As of 04:39 PM Eastern
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Annual Income Statements for Business First Bancshares

Annual Income Statements for Business First Bancshares

This table shows Business First Bancshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 60 66 53
Consolidated Net Income / (Loss)		 65 71 54
Net Income / (Loss) Continuing Operations		 65 71 54
Total Pre-Tax Income 		83 91 69
Total Revenue		 272 252 229
Net Interest Income / (Expense)		 227 215 200
Total Interest Income		 415 353 236
Loans and Leases Interest Income		 375 323 218
Investment Securities Interest Income		 25 20 17
Federal Funds Sold and Securities Borrowed Interest Income		 15 9.88 1.58
Total Interest Expense		 187 138 37
Deposits Interest Expense		 165 107 24
Long-Term Debt Interest Expense		 22 31 12
Total Non-Interest Income		 44 37 29
Service Charges on Deposit Accounts		 11 9.70 8.27
Other Service Charges		 31 28 21
Net Realized & Unrealized Capital Gains on Investments		 2.98 -0.59 0.53
Provision for Credit Losses		 11 4.48 11
Total Non-Interest Expense		 178 157 149
Salaries and Employee Benefits		 104 91 85
Net Occupancy & Equipment Expense		 24 21 19
Other Operating Expenses		 50 45 45
Income Tax Expense		 18 20 14
Preferred Stock Dividends Declared		 5.40 5.40 1.35
Basic Earnings per Share		 $2.27 $2.62 $2.34
Weighted Average Basic Shares Outstanding		 29.55M 25.36M 25.11M
Diluted Earnings per Share		 $2.26 $2.59 $2.32
Weighted Average Diluted Shares Outstanding		 29.55M 25.36M 25.11M
Weighted Average Basic & Diluted Shares Outstanding		 29.55M 25.36M 25.11M
Cash Dividends to Common per Share		 $0.56 $0.50 $0.48

Quarterly Income Statements for Business First Bancshares

This table shows Business First Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 19 15 16 16 12 14 19 18 14 17 14
Consolidated Net Income / (Loss)		 21 16 18 17 14 16 20 20 15 18 14
Net Income / (Loss) Continuing Operations		 21 16 18 17 14 16 20 20 15 18 14
Total Pre-Tax Income 		26 21 23 22 17 20 26 25 19 23 17
Total Revenue		 79 78 67 66 61 60 65 65 61 64 62
Net Interest Income / (Expense)		 66 66 56 54 52 54 55 53 53 56 53
Total Interest Income		 114 116 103 100 96 95 93 86 79 75 63
Loans and Leases Interest Income		 103 105 93 91 86 86 85 79 74 69 59
Investment Securities Interest Income		 7.27 7.31 6.42 5.93 5.60 5.19 5.05 5.10 4.78 4.32 4.20
Federal Funds Sold and Securities Borrowed Interest Income		 3.44 4.14 3.02 3.33 4.47 3.71 3.69 1.53 0.94 0.83 0.43
Total Interest Expense		 48 50 47 46 44 41 38 33 27 18 9.99
Deposits Interest Expense		 42 45 41 41 38 34 30 24 19 13 6.29
Long-Term Debt Interest Expense		 5.27 5.55 5.32 4.96 6.45 6.72 7.92 8.84 7.82 5.14 3.71
Total Non-Interest Income		 13 12 11 12 9.39 6.41 9.88 12 8.39 8.28 8.12
Service Charges on Deposit Accounts		 2.86 2.88 2.72 2.54 2.44 2.47 2.54 2.41 2.28 2.27 2.12
Other Service Charges		 9.11 8.71 7.94 7.18 6.81 5.90 7.02 9.11 5.50 5.96 5.74
Net Realized & Unrealized Capital Gains on Investments		 1.26 0.27 0.11 2.46 0.14 -1.96 0.32 0.43 0.61 0.06 0.26
Provision for Credit Losses		 2.81 6.71 1.67 1.31 1.19 0.12 0.60 0.54 3.22 3.05 3.27
Total Non-Interest Expense		 51 50 42 43 43 40 39 40 39 38 41
Salaries and Employee Benefits		 29 28 25 26 25 23 22 22 23 22 22
Net Occupancy & Equipment Expense		 7.36 7.09 5.83 5.72 5.36 5.30 5.45 5.11 5.00 4.92 5.12
Other Operating Expenses		 14 14 12 12 12 12 11 12 11 11 14
Income Tax Expense		 5.28 4.82 4.93 4.56 3.64 4.52 5.51 5.31 4.21 4.97 3.58
Preferred Stock Dividends Declared		 1.35 1.35 1.35 1.35 1.35 1.35 1.35 1.35 1.35 1.35 0.00
Basic Earnings per Share		 $0.65 $0.50 $0.65 $0.63 $0.49 $0.58 $0.76 $0.73 $0.55 $0.70 $0.61
Weighted Average Basic Shares Outstanding		 29.69M 29.55M 29.54M 25.50M 25.49M 25.36M 25.34M 25.34M 25.32M 25.11M -
Diluted Earnings per Share		 $0.65 $0.51 $0.65 $0.62 $0.48 $0.56 $0.76 $0.73 $0.54 $0.69 $0.61
Weighted Average Diluted Shares Outstanding		 29.69M 29.55M 29.54M 25.50M 25.49M 25.36M 25.34M 25.34M 25.32M 25.11M -
Weighted Average Basic & Diluted Shares Outstanding		 29.69M 29.55M 29.54M 25.50M 25.49M 25.36M 25.34M 25.34M 25.32M 25.11M -
Cash Dividends to Common per Share		 $0.14 - $0.14 $0.14 $0.14 - $0.12 $0.12 $0.12 - $0.12

Annual Cash Flow Statements for Business First Bancshares

This table details how cash moves in and out of Business First Bancshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents		 93 73 84
Net Cash From Operating Activities		 61 92 70
Net Cash From Continuing Operating Activities		 61 92 70
Net Income / (Loss) Continuing Operations		 65 71 54
Consolidated Net Income / (Loss)		 65 71 54
Provision For Loan Losses		 11 4.48 11
Depreciation Expense		 5.26 4.67 4.82
Amortization Expense		 2.14 -3.42 -1.94
Non-Cash Adjustments to Reconcile Net Income		 -8.02 -2.61 -1.42
Changes in Operating Assets and Liabilities, net		 -14 18 2.98
Net Cash From Investing Activities		 -295 -521 -701
Net Cash From Continuing Investing Activities		 -295 -521 -701
Purchase of Property, Leasehold Improvements and Equipment		 -1.56 -12 -7.78
Acquisitions		 97 -15 163
Purchase of Investment Securities		 -458 -528 -1,214
Sale of Property, Leasehold Improvements and Equipment		 0.01 0.00 0.72
Sale and/or Maturity of Investments		 112 168 145
Net Increase in Fed Funds Sold		 -44 -136 211
Net Cash From Financing Activities		 326 502 715
Net Cash From Continuing Financing Activities		 326 502 715
Net Change in Deposits		 521 445 266
Issuance of Debt		 0.00 0.00 327
Issuance of Preferred Equity		 0.00 0.00 72
Issuance of Common Equity		 0.00 0.00 48
Repayment of Debt		 -178 -209 0.00
Payment of Dividends		 -20 -18 -12
Other Financing Activities, Net		 3.71 285 14
Cash Income Taxes Paid		 17 16 14

Quarterly Cash Flow Statements for Business First Bancshares

This table details how cash moves in and out of Business First Bancshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 -6.21 106 5.15 22 -40 35 10 21 7.03 0.07 -2.02
Net Cash From Operating Activities		 29 17 21 15 7.60 21 22 26 23 11 21
Net Cash From Continuing Operating Activities		 29 17 21 15 7.60 21 22 26 23 11 21
Net Income / (Loss) Continuing Operations		 21 16 18 17 14 16 20 20 15 18 14
Consolidated Net Income / (Loss)		 21 16 18 17 14 16 20 20 15 18 14
Provision For Loan Losses		 2.81 6.71 1.67 1.31 1.19 0.12 0.60 0.54 3.22 3.05 3.27
Depreciation Expense		 1.44 1.56 1.32 1.22 1.15 1.12 1.17 1.19 1.19 1.18 1.32
Amortization Expense		 -0.16 2.19 0.31 -1.00 0.63 -0.50 -0.91 -0.63 -1.38 -6.58 4.21
Non-Cash Adjustments to Reconcile Net Income		 0.72 -4.06 -1.70 -3.84 1.58 -0.34 -1.38 -1.85 0.96 5.38 -5.92
Changes in Operating Assets and Liabilities, net		 3.38 -5.56 1.97 0.16 -11 5.05 2.47 6.81 3.93 -9.61 4.01
Net Cash From Investing Activities		 72 -1.91 -154 23 -162 -32 -48 -151 -289 -172 -304
Net Cash From Continuing Investing Activities		 72 -1.91 -154 23 -162 -32 -48 -151 -289 -172 -304
Purchase of Property, Leasehold Improvements and Equipment		 -1.07 0.28 -0.39 -1.06 -0.39 -5.93 -3.48 -0.17 -2.08 -0.59 -0.78
Acquisitions		 0.00 100 - - -3.28 - -15 - 0.00 163 -163
Purchase of Investment Securities		 -50 -108 -132 -96 -123 -158 -32 -102 -236 -200 -329
Sale and/or Maturity of Investments		 42 31 35 22 25 86 24 21 37 34 27
Net Increase in Fed Funds Sold		 80 -25 -56 98 -60 45 -23 -70 -89 -4.47 -0.32
Net Cash From Financing Activities		 -107 90 137 -16 114 46 37 146 274 160 281
Net Cash From Continuing Financing Activities		 -107 90 137 -16 114 46 37 146 274 160 281
Net Change in Deposits		 -53 128 77 -9.08 324 58 193 208 -14 234 -72
Issuance of Debt		 -39 -156 62 - - 196 -148 -33 -15 322 -0.01
Repayment of Debt		 -6.37 -178 - 203 -203 -199 -3.72 - - -451 280
Payment of Dividends		 -5.46 -5.51 -4.89 -4.92 -4.94 -4.92 -4.36 -4.39 -4.39 -4.35 -2.70
Other Financing Activities, Net		 -3.58 301 3.08 -299 -1.68 -4.36 0.02 -18 307 11 3.41
Cash Income Taxes Paid		 0.00 6.25 5.71 5.39 0.00 6.61 5.20 4.29 0.00 5.49 5.94

Annual Balance Sheets for Business First Bancshares

This table presents Business First Bancshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets		 7,857 6,585 5,990
Cash and Due from Banks		 319 226 153
Federal Funds Sold		 198 151 16
Trading Account Securities		 894 880 929
Loans and Leases, Net of Allowance		 5,927 4,952 0.00
Premises and Equipment, Net		 82 69 63
Goodwill		 122 88 89
Intangible Assets		 17 12 14
Other Assets		 248 205 4,728
Total Liabilities & Shareholders' Equity		 7,857 6,585 5,990
Total Liabilities		 7,058 5,940 5,410
Non-Interest Bearing Deposits		 1,357 1,299 1,549
Interest Bearing Deposits		 5,154 3,950 3,271
Short-Term Debt		 23 19 20
Accrued Interest Payable		 5.97 15 2.09
Long-Term Debt		 461 316 526
Other Long-Term Liabilities		 57 342 27
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 799 644 580
Total Preferred & Common Equity		 799 644 580
Preferred Stock		 72 72 72
Total Common Equity		 728 572 509
Common Stock		 530 423 419
Retained Earnings		 261 216 164
Accumulated Other Comprehensive Income / (Loss)		 -63 -67 -74

Quarterly Balance Sheets for Business First Bancshares

This table presents Business First Bancshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 7,785 6,889 6,704 6,696 6,489 6,455 6,290 5,807
Cash and Due from Banks		 313 213 208 186 191 181 160 153
Federal Funds Sold		 117 170 114 211 197 174 104 11
Trading Account Securities		 921 916 876 873 883 878 941 925
Loans and Leases, Net of Allowance		 5,924 5,178 5,121 5,048 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 82 68 69 69 65 63 64 64
Goodwill		 122 92 92 92 88 89 89 89
Intangible Assets		 17 10 11 11 12 13 14 15
Other Assets		 239 216 214 206 5,052 5,057 4,919 156
Total Liabilities & Shareholders' Equity		 7,785 6,889 6,704 6,696 6,489 6,455 6,290 5,807
Total Liabilities		 6,958 6,189 6,039 6,047 5,884 5,854 5,692 5,299
Non-Interest Bearing Deposits		 1,308 1,191 1,310 1,295 1,412 1,429 1,476 1,613
Interest Bearing Deposits		 5,150 4,450 4,253 4,278 3,778 3,585 3,330 2,973
Short-Term Debt		 19 22 18 17 23 23 17 22
Accrued Interest Payable		 5.36 3.75 4.52 3.93 11 7.67 3.51 1.02
Long-Term Debt		 415 472 410 413 319 771 511 655
Other Long-Term Liabilities		 61 51 43 39 340 37 341 35
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 826 700 665 649 604 601 598 508
Total Preferred & Common Equity		 826 700 665 649 604 601 598 508
Preferred Stock		 72 72 72 72 72 72 72 72
Total Common Equity		 754 628 593 577 532 529 526 436
Common Stock		 531 424 423 424 421 421 420 370
Retained Earnings		 276 250 237 225 205 189 174 150
Accumulated Other Comprehensive Income / (Loss)		 -53 -46 -68 -72 -94 -81 -68 -85

Annual Metrics And Ratios for Business First Bancshares

This table displays calculated financial ratios and metrics derived from Business First Bancshares' official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics		 - - -
Revenue Growth		 7.87% 10.00% 20.68%
EBITDA Growth		 -1.51% 28.51% 4.15%
EBIT Growth		 -8.32% 32.07% 6.25%
NOPAT Growth		 -8.36% 30.94% 4.06%
Net Income Growth		 -8.36% 30.94% 4.06%
EPS Growth		 -12.74% 11.64% -8.30%
Operating Cash Flow Growth		 -33.57% 32.84% 23.27%
Free Cash Flow Firm Growth		 -209.18% 148.36% -606.42%
Invested Capital Growth		 30.98% -13.07% 81.42%
Revenue Q/Q Growth		 6.85% -1.63% 8.83%
EBITDA Q/Q Growth		 4.74% 3.87% 18.61%
EBIT Q/Q Growth		 1.17% -2.79% 13.84%
NOPAT Q/Q Growth		 1.03% -2.93% 12.20%
Net Income Q/Q Growth		 1.03% -2.93% 12.20%
EPS Q/Q Growth		 -2.16% -4.78% 4.04%
Operating Cash Flow Q/Q Growth		 -6.04% 11.99% 0.00%
Free Cash Flow Firm Q/Q Growth		 -31.08% 124.98% -170.50%
Invested Capital Q/Q Growth		 7.51% 3.43% 0.00%
Profitability Metrics		 - - -
EBITDA Margin		 33.30% 36.48% 31.22%
EBIT Margin		 30.58% 35.98% 29.97%
Profit (Net Income) Margin		 23.97% 28.22% 23.70%
Tax Burden Percent		 78.39% 78.43% 79.10%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 21.61% 21.57% 20.90%
Return on Invested Capital (ROIC)		 5.76% 6.75% 6.21%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.76% 6.75% 6.21%
Return on Net Nonoperating Assets (RNNOA)		 3.26% 4.85% 4.49%
Return on Equity (ROE)		 9.02% 11.60% 10.70%
Cash Return on Invested Capital (CROIC)		 -21.07% 20.73% -51.65%
Operating Return on Assets (OROA)		 1.15% 1.44% 1.28%
Return on Assets (ROA)		 0.90% 1.13% 1.01%
Return on Common Equity (ROCE)		 8.12% 10.24% 9.94%
Return on Equity Simple (ROE_SIMPLE)		 8.14% 11.03% 9.35%
Net Operating Profit after Tax (NOPAT)		 65 71 54
NOPAT Margin		 23.97% 28.22% 23.70%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 47.10% 44.27% 45.69%
Operating Expenses to Revenue		 65.42% 62.24% 65.28%
Earnings before Interest and Taxes (EBIT)		 83 91 69
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 90 92 71
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.04 1.06 0.93
Price to Tangible Book Value (P/TBV)		 1.28 1.28 1.16
Price to Revenue (P/Rev)		 2.78 2.41 2.06
Price to Earnings (P/E)		 12.65 9.24 8.93
Dividend Yield		 2.19% 2.09% 2.29%
Earnings Yield		 7.90% 10.82% 11.20%
Enterprise Value to Invested Capital (EV/IC)		 0.62 0.65 0.82
Enterprise Value to Revenue (EV/Rev)		 2.92 2.53 4.03
Enterprise Value to EBITDA (EV/EBITDA)		 8.78 6.93 12.90
Enterprise Value to EBIT (EV/EBIT)		 9.56 7.02 13.44
Enterprise Value to NOPAT (EV/NOPAT)		 12.19 8.95 16.99
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.93 6.88 13.25
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 2.91 0.00
Leverage & Solvency		 - - -
Debt to Equity		 0.60 0.52 0.94
Long-Term Debt to Equity		 0.58 0.49 0.91
Financial Leverage		 0.57 0.72 0.72
Leverage Ratio		 10.00 10.27 10.57
Compound Leverage Factor		 10.00 10.27 10.57
Debt to Total Capital		 37.67% 34.21% 48.47%
Short-Term Debt to Total Capital		 1.76% 1.93% 1.79%
Long-Term Debt to Total Capital		 35.91% 32.29% 46.68%
Preferred Equity to Total Capital		 5.61% 7.34% 6.39%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 56.72% 58.44% 45.14%
Debt to EBITDA		 5.34 3.65 7.64
Net Debt to EBITDA		 -0.37 -0.46 5.29
Long-Term Debt to EBITDA		 5.09 3.44 7.36
Debt to NOPAT		 7.42 4.72 10.06
Net Debt to NOPAT		 -0.51 -0.59 6.96
Long-Term Debt to NOPAT		 7.08 4.45 9.69
Noncontrolling Interest Sharing Ratio		 9.96% 11.75% 7.09%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 -238 218 -451
Operating Cash Flow to CapEx		 3,948.68% 793.50% 984.95%
Free Cash Flow to Firm to Interest Expense		 -1.27 1.58 -12.35
Operating Cash Flow to Interest Expense		 0.33 0.67 1.90
Operating Cash Flow Less CapEx to Interest Expense		 0.32 0.58 1.71
Efficiency Ratios		 - - -
Asset Turnover		 0.04 0.04 0.04
Fixed Asset Turnover		 3.59 3.80 3.77
Capital & Investment Metrics		 - - -
Invested Capital		 1,283 979 1,127
Invested Capital Turnover		 0.24 0.24 0.26
Increase / (Decrease) in Invested Capital		 303 -147 506
Enterprise Value (EV)		 794 636 922
Market Capitalization		 755 606 472
Book Value per Share		 $24.63 $22.58 $20.25
Tangible Book Value per Share		 $19.93 $18.63 $16.17
Total Capital		 1,283 979 1,127
Total Debt		 483 335 546
Total Long-Term Debt		 461 316 526
Net Debt		 -34 -42 378
Capital Expenditures (CapEx)		 1.56 12 7.06
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 483 335 546
Total Depreciation and Amortization (D&A)		 7.40 1.25 2.87
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $2.27 $2.62 $2.34
Adjusted Weighted Average Basic Shares Outstanding		 29.55M 25.36M 25.11M
Adjusted Diluted Earnings per Share		 $2.26 $2.59 $2.32
Adjusted Weighted Average Diluted Shares Outstanding		 29.55M 25.36M 25.11M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 29.55M 25.36M 25.11M
Normalized Net Operating Profit after Tax (NOPAT)		 65 71 54
Normalized NOPAT Margin		 23.97% 28.22% 23.70%
Pre Tax Income Margin		 30.58% 35.98% 29.97%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.44 0.66 1.88
NOPAT to Interest Expense		 0.35 0.51 1.48
EBIT Less CapEx to Interest Expense		 0.43 0.57 1.68
NOPAT Less CapEx to Interest Expense		 0.34 0.43 1.29
Payout Ratios		 - - -
Dividend Payout Ratio		 31.12% 25.42% 22.44%
Augmented Payout Ratio		 31.12% 25.42% 22.44%

Quarterly Metrics And Ratios for Business First Bancshares

This table displays calculated financial ratios and metrics derived from Business First Bancshares' official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 30.03% 28.94% 2.63% 1.38% -0.36% -6.47% 5.82% 15.38% 31.84% 40.58% 41.14%
EBITDA Growth		 45.07% 19.53% -6.93% -14.14% -0.25% 19.51% 14.45% 44.53% 43.23% 20.11% 134.97%
EBIT Growth		 50.03% 4.74% -12.30% -13.09% -10.54% -11.34% 49.44% 45.26% 74.33% 57.09% 34.41%
NOPAT Growth		 51.39% 4.20% -12.77% -12.83% -9.68% -11.93% 48.22% 43.48% 72.09% 48.88% 33.84%
Net Income Growth		 51.39% 4.20% -12.77% -12.83% -9.68% -11.93% 48.22% 43.48% 72.09% 48.88% 33.84%
EPS Growth		 35.42% -8.93% -14.47% -15.07% -11.11% -18.84% 24.59% 19.67% 31.71% 15.00% 22.00%
Operating Cash Flow Growth		 277.82% -18.56% -4.47% -41.62% -66.85% 86.99% 8.26% 43.06% 17.86% 0.00% 70.72%
Free Cash Flow Firm Growth		 -370.69% -275.98% 75.35% 158.98% 113.67% 133.43% -252.96% -117.49% -280.71% -369.05% 492.71%
Invested Capital Growth		 16.77% 30.98% 26.00% -21.65% -4.06% -13.07% 0.00% 67.29% 66.35% 81.42% -100.00%
Revenue Q/Q Growth		 2.09% 15.99% 1.06% 8.65% 1.24% -7.68% -0.16% 6.78% -4.98% 4.45% 8.86%
EBITDA Q/Q Growth		 8.13% 2.68% 10.99% 15.76% 28.31% -20.05% 2.39% 34.49% 8.56% -23.44% 29.29%
EBIT Q/Q Growth		 21.19% -6.45% 4.63% 26.47% -15.39% -21.67% 3.68% 30.19% -16.15% 32.03% 0.78%
NOPAT Q/Q Growth		 24.59% -7.59% 3.70% 26.79% -14.24% -22.64% 3.63% 31.37% -16.37% 30.20% 0.31%
Net Income Q/Q Growth		 24.59% -7.59% 3.70% 26.79% -14.24% -22.64% 3.63% 31.37% -16.37% 30.20% 0.31%
EPS Q/Q Growth		 27.45% -21.54% 4.84% 29.17% -14.29% -26.32% 4.11% 35.19% -21.74% 13.11% 0.00%
Operating Cash Flow Q/Q Growth		 65.76% -19.04% 42.09% 98.13% -64.27% -5.03% -13.16% 12.49% 101.56% -45.02% 14.75%
Free Cash Flow Firm Q/Q Growth		 44.06% -25.63% -171.52% 438.61% -63.63% 117.60% -71.10% -24.84% 11.05% -180.51% 343.28%
Invested Capital Q/Q Growth		 -1.74% 7.51% 9.15% 1.27% 10.22% 3.43% -32.13% 24.01% -0.13% 0.00% -100.00%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 34.21% 32.30% 36.49% 33.22% 31.18% 34.84% 40.23% 39.23% 31.15% 27.26% 37.19%
EBIT Margin		 32.60% 27.46% 34.05% 32.89% 28.25% 33.80% 39.84% 38.36% 31.46% 35.66% 28.21%
Profit (Net Income) Margin		 25.94% 21.25% 26.68% 26.00% 22.28% 26.30% 31.38% 30.24% 24.58% 27.93% 22.40%
Tax Burden Percent		 79.57% 77.39% 78.35% 79.05% 78.85% 77.80% 78.78% 78.82% 78.11% 78.32% 79.42%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 20.43% 22.61% 21.65% 20.95% 21.15% 22.20% 21.22% 21.18% 21.89% 21.68% 20.58%
Return on Invested Capital (ROIC)		 6.43% 5.10% 6.34% 5.28% 5.08% 6.29% 16.97% 6.85% 6.65% 7.32% 15.92%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.43% 5.10% 6.34% 5.28% 5.08% 6.29% 16.97% 6.85% 6.65% 7.32% 15.92%
Return on Net Nonoperating Assets (RNNOA)		 3.77% 2.89% 4.06% 5.10% 3.91% 4.52% 9.61% 7.74% 4.71% 5.29% 5.98%
Return on Equity (ROE)		 10.19% 8.00% 10.40% 10.37% 8.99% 10.81% 26.58% 14.58% 11.36% 12.61% 21.90%
Cash Return on Invested Capital (CROIC)		 -9.31% -21.07% -16.99% 29.67% 10.46% 20.73% -184.54% -44.38% -43.10% -51.65% 216.34%
Operating Return on Assets (OROA)		 1.31% 1.03% 1.29% 1.26% 1.09% 1.35% 3.14% 1.62% 1.32% 1.52% 2.69%
Return on Assets (ROA)		 1.04% 0.80% 1.01% 1.00% 0.86% 1.05% 2.48% 1.27% 1.03% 1.19% 2.14%
Return on Common Equity (ROCE)		 9.20% 7.20% 9.25% 9.19% 7.95% 9.54% 23.42% 13.58% 10.58% 11.71% 21.90%
Return on Equity Simple (ROE_SIMPLE)		 8.72% 0.00% 9.21% 10.09% 10.72% 0.00% 12.11% 11.07% 10.13% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 21 16 18 17 14 16 20 20 15 18 14
NOPAT Margin		 25.94% 21.25% 26.68% 26.00% 22.28% 26.30% 31.38% 30.24% 24.58% 27.93% 22.40%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 46.53% 45.35% 45.91% 47.20% 50.52% 46.38% 42.86% 42.05% 46.09% 42.16% 43.88%
Operating Expenses to Revenue		 63.85% 63.89% 63.46% 65.14% 69.80% 66.00% 59.23% 60.81% 63.27% 59.60% 66.48%
Earnings before Interest and Taxes (EBIT)		 26 21 23 22 17 20 26 25 19 23 17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 27 25 24 22 19 21 26 26 19 18 23
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.95 1.04 1.04 0.93 0.97 1.06 0.87 0.70 0.79 0.93 0.00
Price to Tangible Book Value (P/TBV)		 1.17 1.28 1.25 1.12 1.18 1.28 1.07 0.86 0.97 1.16 0.00
Price to Revenue (P/Rev)		 2.48 2.78 2.58 2.18 2.22 2.41 1.81 1.46 1.69 2.06 2.19
Price to Earnings (P/E)		 10.79 12.65 11.09 8.94 8.69 9.24 6.83 5.91 7.14 8.93 9.55
Dividend Yield		 2.30% 2.19% 2.18% 2.50% 2.36% 2.09% 2.63% 3.29% 2.92% 2.29% 2.35%
Earnings Yield		 9.27% 7.90% 9.02% 11.19% 11.51% 10.82% 14.64% 16.91% 14.01% 11.20% 10.48%
Enterprise Value to Invested Capital (EV/IC)		 0.63 0.62 0.70 0.67 0.61 0.65 0.52 0.63 0.67 0.82 0.00
Enterprise Value to Revenue (EV/Rev)		 2.74 2.92 3.29 2.89 2.63 2.53 1.91 3.49 3.07 4.03 2.19
Enterprise Value to EBITDA (EV/EBITDA)		 8.04 8.78 9.69 8.28 7.22 6.93 5.53 10.35 9.69 12.90 7.66
Enterprise Value to EBIT (EV/EBIT)		 8.68 9.56 10.20 8.56 7.48 7.02 5.25 10.41 9.74 13.44 7.66
Enterprise Value to NOPAT (EV/NOPAT)		 11.03 12.19 12.99 10.88 9.52 8.95 6.69 13.24 12.36 16.99 9.55
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.64 12.93 12.81 11.00 8.60 6.88 5.93 10.90 10.24 13.25 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 1.98 5.75 2.91 0.00 0.00 0.00 0.00 0.72
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.53 0.60 0.71 0.64 0.66 0.52 0.57 1.32 0.88 0.94 0.00
Long-Term Debt to Equity		 0.50 0.58 0.67 0.62 0.64 0.49 0.53 1.28 0.85 0.91 0.00
Financial Leverage		 0.59 0.57 0.64 0.97 0.77 0.72 0.57 1.13 0.71 0.72 0.38
Leverage Ratio		 9.81 10.00 10.26 10.40 10.42 10.27 10.74 11.45 11.05 10.57 10.24
Compound Leverage Factor		 9.81 10.00 10.26 10.40 10.42 10.27 10.74 11.45 11.05 10.57 10.24
Debt to Total Capital		 34.44% 37.67% 41.37% 39.20% 39.87% 34.21% 36.17% 56.93% 46.88% 48.47% 0.00%
Short-Term Debt to Total Capital		 1.51% 1.76% 1.80% 1.69% 1.59% 1.93% 2.46% 1.67% 1.48% 1.79% 0.00%
Long-Term Debt to Total Capital		 32.93% 35.91% 39.56% 37.52% 38.28% 32.29% 33.72% 55.26% 45.40% 46.68% 0.00%
Preferred Equity to Total Capital		 5.71% 5.61% 6.03% 6.58% 6.66% 7.34% 7.60% 5.16% 6.39% 6.39% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 59.85% 56.72% 52.60% 54.21% 53.47% 58.44% 56.23% 37.92% 46.73% 45.14% 0.00%
Debt to EBITDA		 4.39 5.34 5.72 4.86 4.69 3.65 3.87 9.33 6.83 7.64 0.00
Net Debt to EBITDA		 0.04 -0.37 1.28 1.21 0.36 -0.46 -0.52 5.16 3.41 5.29 0.00
Long-Term Debt to EBITDA		 4.20 5.09 5.47 4.65 4.50 3.44 3.61 9.06 6.61 7.36 0.00
Debt to NOPAT		 6.02 7.42 7.66 6.39 6.18 4.72 4.68 11.94 8.71 10.06 0.00
Net Debt to NOPAT		 0.05 -0.51 1.71 1.59 0.48 -0.59 -0.62 6.60 4.35 6.96 0.00
Long-Term Debt to NOPAT		 5.76 7.08 7.32 6.12 5.94 4.45 4.36 11.59 8.44 9.69 0.00
Noncontrolling Interest Sharing Ratio		 9.75% 9.96% 11.03% 11.37% 11.54% 11.75% 11.90% 6.87% 6.82% 7.09% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -160 -287 -228 319 59 163 -926 -541 -434 -488 606
Operating Cash Flow to CapEx		 2,692.22% 0.00% 5,446.56% 1,427.87% 1,954.50% 358.84% 644.43% 15,543.98% 1,105.45% 1,935.37% 2,650.19%
Free Cash Flow to Firm to Interest Expense		 -3.36 -5.69 -4.90 6.96 1.33 3.99 -24.36 -16.65 -16.22 -26.44 60.61
Operating Cash Flow to Interest Expense		 0.60 0.34 0.46 0.33 0.17 0.52 0.59 0.79 0.86 0.62 2.07
Operating Cash Flow Less CapEx to Interest Expense		 0.58 0.35 0.45 0.31 0.16 0.38 0.50 0.79 0.78 0.59 1.99
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.08 0.04 0.04 0.04 0.10
Fixed Asset Turnover		 3.86 3.59 3.84 3.84 3.79 3.80 0.00 3.96 3.84 3.77 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,260 1,283 1,193 1,093 1,079 979 947 1,395 1,125 1,127 0.00
Invested Capital Turnover		 0.25 0.24 0.24 0.20 0.23 0.24 0.54 0.23 0.27 0.26 0.71
Increase / (Decrease) in Invested Capital		 181 303 246 -302 -46 -147 947 561 449 506 -592
Enterprise Value (EV)		 795 794 837 730 663 636 489 881 748 922 462
Market Capitalization		 720 755 655 551 558 606 463 369 413 472 462
Book Value per Share		 $25.53 $24.63 $24.61 $23.25 $22.76 $22.58 $21.01 $20.89 $20.77 $20.25 $0.00
Tangible Book Value per Share		 $20.85 $19.93 $20.62 $19.24 $18.70 $18.63 $17.03 $16.88 $16.73 $16.17 $0.00
Total Capital		 1,260 1,283 1,193 1,093 1,079 979 947 1,395 1,125 1,127 0.00
Total Debt		 434 483 494 429 430 335 342 794 527 546 0.00
Total Long-Term Debt		 415 461 472 410 413 316 319 771 511 526 0.00
Net Debt		 3.79 -34 110 107 33 -42 -46 439 263 378 0.00
Capital Expenditures (CapEx)		 1.07 -0.28 0.39 1.06 0.39 5.93 3.48 0.17 2.08 0.59 0.78
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 434 483 494 429 430 335 342 794 527 546 0.00
Total Depreciation and Amortization (D&A)		 1.28 3.75 1.63 0.22 1.79 0.62 0.26 0.57 -0.19 -5.40 5.53
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.65 $0.50 $0.65 $0.63 $0.49 $0.58 $0.76 $0.73 $0.55 $0.70 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 29.69M 29.55M 29.54M 25.50M 25.49M 25.36M 25.34M 25.34M 25.32M 25.11M 0.00
Adjusted Diluted Earnings per Share		 $0.65 $0.51 $0.65 $0.62 $0.48 $0.56 $0.76 $0.73 $0.54 $0.69 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 29.69M 29.55M 29.54M 25.50M 25.49M 25.36M 25.34M 25.34M 25.32M 25.11M 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 29.69M 29.55M 29.54M 25.50M 25.49M 25.36M 25.34M 25.34M 25.32M 25.11M 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 21 16 18 17 14 16 20 20 15 18 14
Normalized NOPAT Margin		 25.94% 21.25% 26.68% 26.00% 22.28% 26.30% 31.38% 30.24% 24.58% 27.93% 22.40%
Pre Tax Income Margin		 32.60% 27.46% 34.05% 32.89% 28.25% 33.80% 39.84% 38.36% 31.46% 35.66% 28.21%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.54 0.42 0.49 0.47 0.39 0.50 0.68 0.77 0.72 1.24 1.74
NOPAT to Interest Expense		 0.43 0.33 0.38 0.38 0.31 0.39 0.54 0.61 0.56 0.97 1.38
EBIT Less CapEx to Interest Expense		 0.52 0.43 0.48 0.45 0.38 0.35 0.59 0.77 0.64 1.21 1.66
NOPAT Less CapEx to Interest Expense		 0.41 0.33 0.37 0.35 0.30 0.24 0.45 0.60 0.48 0.94 1.30
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 28.82% 31.12% 30.52% 28.54% 26.74% 25.42% 23.90% 23.78% 23.33% 22.44% 0.00%
Augmented Payout Ratio		 28.82% 31.12% 30.52% 28.54% 26.74% 25.42% 23.90% 23.78% 23.33% 22.44% 0.00%

Frequently Asked Questions About Business First Bancshares' Financials

When does Business First Bancshares's financial year end?

According to the most recent income statement we have on file, Business First Bancshares' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Business First Bancshares' net income changed over the last 2 years?

Business First Bancshares' net income appears to be on an upward trend, with a most recent value of $65.11 million in 2024, rising from $54.26 million in 2022. The previous period was $71.04 million in 2023. See where experts think Business First Bancshares is headed by visiting Business First Bancshares' forecast page.

How has Business First Bancshares revenue changed over the last 2 years?

Over the last 2 years, Business First Bancshares' total revenue changed from $228.89 million in 2022 to $271.58 million in 2024, a change of 18.7%.

How much debt does Business First Bancshares have?

Business First Bancshares' total liabilities were at $7.06 billion at the end of 2024, a 18.8% increase from 2023, and a 30.5% increase since 2022.

How much cash does Business First Bancshares have?

In the past 2 years, Business First Bancshares' cash and equivalents has ranged from $152.74 million in 2022 to $319.10 million in 2024, and is currently $319.10 million as of their latest financial filing in 2024.

How has Business First Bancshares' book value per share changed over the last 2 years?

Over the last 2 years, Business First Bancshares' book value per share changed from 20.25 in 2022 to 24.63 in 2024, a change of 21.6%.


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This page (NASDAQ:BFST) was last updated on 5/27/2025 by MarketBeat.com Staff
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