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Business First Bancshares (BFST) Financials

Business First Bancshares logo
$28.77 -0.47 (-1.61%)
Closing price 04:00 PM Eastern
Extended Trading
$28.78 +0.00 (+0.02%)
As of 05:43 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 4.10 5.11 4.85 14 24 30 52 53 66 60 82
Consolidated Net Income / (Loss)		 4.10 5.11 4.85 14 24 30 52 54 71 65 88
Net Income / (Loss) Continuing Operations		 4.10 5.11 4.85 14 24 30 52 54 71 65 88
Total Pre-Tax Income 		5.62 6.72 8.95 17 30 37 65 69 91 83 110
Total Revenue		 37 43 50 70 91 149 190 229 252 272 325
Net Interest Income / (Expense)		 34 38 44 62 80 128 154 200 215 227 273
Total Interest Income		 39 43 52 76 103 150 170 236 353 415 465
Loans and Leases Interest Income		 35 39 48 70 95 140 157 218 323 375 419
Investment Securities Interest Income		 3.19 3.78 3.83 5.83 7.37 9.12 14 17 20 25 29
Federal Funds Sold and Securities Borrowed Interest Income		 0.19 0.17 0.26 0.58 0.66 0.18 0.13 1.58 9.88 15 17
Total Interest Expense		 4.47 5.83 7.23 14 23 22 17 37 138 187 192
Deposits Interest Expense		 3.86 5.15 6.33 12 20 18 12 24 107 165 169
Long-Term Debt Interest Expense		 0.61 0.67 0.90 2.13 3.52 4.55 4.37 12 31 22 23
Total Non-Interest Income		 3.18 5.42 5.62 7.78 11 22 36 29 37 44 52
Service Charges on Deposit Accounts		 - 2.03 2.11 2.81 4.04 5.36 6.81 8.27 9.70 11 11
Other Service Charges		 3.20 3.16 3.48 4.88 6.34 11 18 21 28 31 37
Net Realized & Unrealized Capital Gains on Investments		 -0.02 0.23 0.03 0.09 0.34 4.73 10 0.53 -0.59 2.98 3.50
Provision for Credit Losses		 1.20 1.22 4.24 2.39 2.61 11 8.05 11 4.48 11 11
Total Non-Interest Expense		 31 35 37 50 58 101 117 149 157 178 203
Salaries and Employee Benefits		 16 19 21 28 35 57 66 85 91 104 116
Net Occupancy & Equipment Expense		 3.94 4.57 4.82 5.87 7.63 11 16 19 21 24 29
Other Operating Expenses		 10 11 11 17 16 32 35 45 45 50 59
Income Tax Expense		 1.53 1.61 4.10 3.28 6.08 6.79 12 14 20 18 22
Preferred Stock Dividends Declared		 - - - - - 0.00 0.00 1.35 5.40 5.40 5.40
Basic Earnings per Share		 $0.61 $0.73 $0.63 $1.27 $1.79 $1.65 $2.54 $2.34 $2.62 $2.27 $2.81
Weighted Average Basic Shares Outstanding		 7.04M 7.03M 4.70M 13.32M 13.44M 20.69M 20.40M 25.11M 25.36M 29.55M 32.71M
Diluted Earnings per Share		 $0.59 $0.70 $0.61 $1.22 $1.74 $1.64 $2.53 $2.32 $2.59 $2.26 $2.79
Weighted Average Diluted Shares Outstanding		 7.04M 7.03M 4.70M 13.32M 13.44M 20.69M 20.40M 25.11M 25.36M 29.55M 32.71M
Weighted Average Basic & Diluted Shares Outstanding		 7.04M 7.03M 4.70M 13.32M 13.44M 20.69M 20.40M 25.11M 25.36M 29.55M 32.71M
Cash Dividends to Common per Share		 - $0.15 $0.23 $0.30 $0.38 $0.40 $0.46 $0.48 $0.50 $0.56 $0.57

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 19 14 12 16 16 15 19 21 22 21 22
Consolidated Net Income / (Loss)		 20 16 14 17 18 16 21 22 23 22 24
Net Income / (Loss) Continuing Operations		 20 16 14 17 18 16 21 22 23 22 24
Total Pre-Tax Income 		26 20 17 22 23 21 26 28 29 28 29
Total Revenue		 65 60 61 66 67 78 79 81 81 83 89
Net Interest Income / (Expense)		 55 54 52 54 56 66 66 67 69 71 75
Total Interest Income		 93 95 96 100 103 116 114 115 119 118 122
Loans and Leases Interest Income		 85 86 86 91 93 105 103 104 107 106 109
Investment Securities Interest Income		 5.05 5.19 5.60 5.93 6.26 7.31 7.27 6.91 7.55 7.29 8.46
Federal Funds Sold and Securities Borrowed Interest Income		 3.69 3.71 4.47 3.33 3.17 4.14 3.44 3.92 4.47 4.97 4.89
Total Interest Expense		 38 41 44 46 47 50 48 48 49 47 47
Deposits Interest Expense		 30 34 38 41 41 45 42 42 43 42 43
Long-Term Debt Interest Expense		 7.92 6.72 6.45 4.96 5.32 5.55 5.27 6.26 6.05 5.34 4.54
Total Non-Interest Income		 9.88 6.41 9.39 12 11 12 13 14 12 12 14
Service Charges on Deposit Accounts		 2.54 2.47 2.44 2.54 2.72 2.88 2.86 2.63 2.57 2.65 3.14
Other Service Charges		 7.02 5.90 6.81 7.18 7.94 8.71 9.11 11 8.41 8.77 9.49
Net Realized & Unrealized Capital Gains on Investments		 0.32 -1.96 0.14 2.46 0.11 0.27 1.26 0.73 0.70 0.81 1.42
Provision for Credit Losses		 0.60 0.12 1.19 1.31 1.67 6.71 2.81 2.23 3.18 3.10 2.28
Total Non-Interest Expense		 39 40 43 43 42 50 51 51 49 52 57
Salaries and Employee Benefits		 22 23 25 26 25 28 29 28 28 30 33
Net Occupancy & Equipment Expense		 5.45 5.30 5.36 5.72 5.83 7.09 7.36 7.16 7.28 6.81 8.12
Other Operating Expenses		 11 12 12 12 12 14 14 16 14 15 16
Income Tax Expense		 5.51 4.52 3.64 4.56 4.93 4.82 5.28 5.92 6.03 5.22 5.93
Preferred Stock Dividends Declared		 1.35 1.35 1.35 1.35 1.35 1.35 1.35 1.35 1.35 1.35 1.35
Basic Earnings per Share		 $0.76 $0.58 $0.49 $0.63 $0.65 $0.50 $0.65 $0.70 $0.73 $0.73 $0.68
Weighted Average Basic Shares Outstanding		 25.34M 25.36M 25.49M 25.50M 29.54M 29.55M 29.69M 29.60M 29.62M 32.71M 32.68M
Diluted Earnings per Share		 $0.76 $0.56 $0.48 $0.62 $0.65 $0.51 $0.65 $0.70 $0.73 $0.71 $0.68
Weighted Average Diluted Shares Outstanding		 25.34M 25.36M 25.49M 25.50M 29.54M 29.55M 29.69M 29.60M 29.62M 32.71M 32.68M
Weighted Average Basic & Diluted Shares Outstanding		 25.34M 25.36M 25.49M 25.50M 29.54M 29.55M 29.69M 29.60M 29.62M 32.71M 32.68M

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 15 1.26 65 -12 -6.70 60 -81 84 73 93 92
Net Cash From Operating Activities		 3.40 8.15 7.97 19 24 29 56 70 91 61 92
Net Cash From Continuing Operating Activities		 3.40 8.15 7.97 19 24 29 56 70 91 61 91
Net Income / (Loss) Continuing Operations		 4.10 5.11 4.85 14 24 30 52 54 71 65 88
Consolidated Net Income / (Loss)		 4.10 5.11 4.85 14 24 30 52 54 71 65 88
Provision For Loan Losses		 1.20 1.22 4.24 2.39 2.61 11 8.05 11 4.48 11 11
Depreciation Expense		 1.19 1.30 1.18 1.17 1.59 3.16 4.16 4.82 4.67 5.26 5.68
Amortization Expense		 -0.82 0.11 -2.78 1.32 -0.96 -2.15 -0.10 -1.94 -3.42 -0.37 -1.52
Non-Cash Adjustments to Reconcile Net Income		 -0.56 0.31 2.44 -0.43 -1.08 -1.37 -8.99 -1.42 -4.07 -5.51 -3.53
Changes in Operating Assets and Liabilities, net		 -1.71 0.10 -1.96 0.73 -1.51 -12 1.19 2.98 18 -14 -8.57
Net Cash From Investing Activities		 -14 -33 -153 -170 -192 -475 -675 -701 -521 -295 -282
Net Cash From Continuing Investing Activities		 -14 -33 -153 -170 -192 -475 -675 -701 -521 -295 -282
Purchase of Property, Leasehold Improvements and Equipment		 -0.96 -1.49 -0.51 -0.92 -3.96 -2.97 -3.97 -7.78 -12 -1.56 -0.07
Acquisitions		 - - 0.00 0.00 -17 0.00 -14 163 -15 97 -43
Purchase of Investment Securities		 -132 -85 -175 -195 -220 -619 -980 -1,214 -528 -458 -911
Sale and/or Maturity of Investments		 34 57 29 49 67 153 382 145 168 112 648
Net Increase in Fed Funds Sold		 -1.34 -0.06 -6.26 -24 -20 -113 -53 211 -136 -44 25
Net Cash From Financing Activities		 26 26 211 140 161 506 538 715 504 326 282
Net Cash From Continuing Financing Activities		 26 26 211 140 161 506 543 715 504 326 282
Net Change in Deposits		 34 29 123 124 73 658 480 266 445 521 239
Issuance of Debt		 3.00 3.00 29 25 0.00 1.37 53 327 -199 122 75
Repayment of Debt		 -6.51 -3.49 -0.30 -29 38 -91 33 0.00 291 -300 -6.37
Repurchase of Common Equity		 -2.81 -0.86 -0.03 0.00 -2.55 -5.80 -11 - 0.00 0.00 -3.73
Payment of Dividends		 0.00 -1.06 -1.79 -3.28 -5.05 -7.52 -9.44 -12 -18 -20 -22
Other Financing Activities, Net		 -1.84 0.30 -0.78 -5.76 57 -53 -5.70 14 -15 3.71 0.00
Cash Income Taxes Paid		 2.51 1.02 1.80 3.34 5.60 5.47 16 14 16 17 24

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 10 35 -40 22 5.15 106 -6.21 183 -97 12 179
Net Cash From Operating Activities		 22 21 7.60 15 21 17 29 14 32 17 27
Net Cash From Continuing Operating Activities		 22 21 7.60 15 21 17 29 14 32 16 27
Net Income / (Loss) Continuing Operations		 20 16 14 17 18 16 21 22 23 22 24
Consolidated Net Income / (Loss)		 20 16 14 17 18 16 21 22 23 22 24
Provision For Loan Losses		 0.60 0.12 1.19 1.31 1.67 6.71 2.81 2.23 3.18 3.10 2.28
Depreciation Expense		 1.17 1.12 1.15 1.22 1.32 1.56 1.44 1.44 1.40 1.41 1.63
Amortization Expense		 -0.91 -0.50 0.32 -1.00 0.31 2.19 -0.16 -0.17 1.07 -2.25 -0.13
Non-Cash Adjustments to Reconcile Net Income		 -1.38 -0.34 1.90 -3.84 -1.70 -4.06 0.56 -5.20 -1.07 2.01 -3.00
Changes in Operating Assets and Liabilities, net		 2.47 5.05 -11 0.16 1.97 -5.56 3.38 -6.38 4.97 -11 2.35
Net Cash From Investing Activities		 -48 -32 -162 23 -154 -1.91 72 -17 -93 -244 254
Net Cash From Continuing Investing Activities		 -48 -32 -162 23 -154 -1.91 72 -17 -93 -244 254
Acquisitions		 -15 - -3.28 - - 100 0.00 -43 - - 93
Purchase of Investment Securities		 -32 -158 -123 -96 -132 -108 -51 -108 -66 -688 10
Sale and/or Maturity of Investments		 24 86 25 22 35 31 43 56 35 514 66
Net Increase in Fed Funds Sold		 -23 45 -60 98 -56 -25 80 78 -62 -71 84
Net Cash From Financing Activities		 37 46 114 -16 137 90 -107 186 -37 239 -102
Net Cash From Continuing Financing Activities		 37 46 114 -16 137 90 -107 186 -37 239 -102
Net Change in Deposits		 193 58 324 -9.08 77 128 -53 12 87 192 81
Issuance of Debt		 -148 196 97 - 62 -156 -39 176 -126 64 -173
Repayment of Debt		 -3.72 -199 0.00 203 - -178 -6.37 -0.06 -0.06 0.12 0.00
Repurchase of Common Equity		 - - - - - - 0.00 - - - -2.75
Payment of Dividends		 -4.36 -4.92 -4.94 -4.92 -4.89 -5.51 -5.46 -5.52 -5.49 -5.78 -6.25
Other Financing Activities, Net		 0.02 -4.36 -302 -299 3.08 301 -3.58 3.51 7.34 -7.27 -1.03
Cash Income Taxes Paid		 5.20 6.61 0.00 5.39 5.71 6.25 0.00 13 4.00 7.23 0.00

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,076 1,106 1,321 2,095 2,274 4,160 4,726 5,990 6,585 7,857 8,215
Cash and Due from Banks		 41 42 108 96 89 149 68 153 226 319 411
Federal Funds Sold		 2.50 2.56 8.82 42 61 174 227 16 151 198 172
Trading Account Securities		 216 198 179 310 278 642 1,039 929 880 894 990
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,952 5,927 6,136
Premises and Equipment, Net		 9.23 9.28 8.78 15 29 59 58 63 69 82 74
Goodwill		 3.38 6.82 6.82 49 48 54 60 89 88 122 121
Intangible Assets		 2.56 2.28 2.00 7.89 6.69 9.73 12 14 12 17 14
Other Assets		 36 41 41 58 62 104 101 4,728 205 248 270
Total Liabilities & Shareholders' Equity		 1,076 1,106 1,321 2,095 2,274 4,160 4,726 5,990 6,585 7,857 8,215
Total Liabilities		 964 992 1,141 1,835 1,989 3,750 4,293 5,410 5,940 7,058 7,318
Non-Interest Bearing Deposits		 222 224 265 382 399 1,164 1,291 1,549 1,299 1,357 1,322
Interest Bearing Deposits		 682 709 791 1,352 1,383 2,453 2,786 3,271 3,950 5,154 5,377
Short-Term Debt		 5.44 3.58 2.80 12 68 22 19 20 19 23 23
Accrued Interest Payable		 0.57 0.92 0.89 1.37 1.53 2.50 1.35 2.09 15 5.97 4.17
Long-Term Debt		 49 50 78 80 118 73 168 526 316 461 529
Other Long-Term Liabilities		 4.26 4.92 4.40 7.30 19 25 27 27 342 57 64
Commitments & Contingencies		 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 112 114 180 260 285 410 433 580 644 799 897
Total Preferred & Common Equity		 112 114 180 260 285 410 433 580 644 799 897
Preferred Stock		 - 0.00 0.00 0.00 0.00 0.00 0.00 72 72 72 72
Total Common Equity		 112 114 180 260 285 410 433 509 572 728 825
Common Stock		 93 92 154 226 226 320 313 419 423 530 532
Retained Earnings		 20 24 27 38 57 79 122 164 216 261 327
Accumulated Other Comprehensive Income / (Loss)		 -0.79 -2.33 -1.64 -3.47 2.61 11 -1.18 -74 -67 -63 -33

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 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 5,807 6,290 6,455 6,489 6,696 6,704 6,889 7,785 7,948 7,954 8,907
Cash and Due from Banks		 153 160 181 191 186 208 213 313 496 399 590
Federal Funds Sold		 11 104 174 197 211 114 170 117 39 101 88
Trading Account Securities		 925 941 878 883 873 876 916 921 927 986 1,046
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 5,048 5,121 5,178 5,924 5,989 5,964 6,621
Premises and Equipment, Net		 64 64 63 65 69 69 68 82 79 78 88
Goodwill		 89 89 89 88 92 92 92 122 121 121 134
Intangible Assets		 15 14 13 12 11 11 10 17 16 15 29
Other Assets		 156 4,919 5,057 5,052 206 214 216 239 256 264 280
Total Liabilities & Shareholders' Equity		 5,807 6,290 6,455 6,489 6,696 6,704 6,889 7,785 7,948 7,954 8,907
Total Liabilities		 5,299 5,692 5,854 5,884 6,047 6,039 6,189 6,958 7,100 7,075 7,916
Non-Interest Bearing Deposits		 1,613 1,476 1,429 1,412 1,295 1,310 1,191 1,308 1,411 1,367 1,575
Interest Bearing Deposits		 2,973 3,330 3,585 3,778 4,278 4,253 4,450 5,150 5,009 5,140 5,890
Short-Term Debt		 22 17 23 23 17 18 22 19 23 30 22
Accrued Interest Payable		 1.02 3.51 7.67 11 3.93 4.52 3.75 5.36 4.83 4.06 3.69
Long-Term Debt		 655 511 771 319 413 410 472 415 591 465 363
Other Long-Term Liabilities		 35 341 37 340 39 43 51 61 62 70 62
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 508 598 601 604 649 665 700 826 848 878 991
Total Preferred & Common Equity		 508 598 601 604 649 665 700 826 848 878 991
Preferred Stock		 72 72 72 72 72 72 72 72 72 72 72
Total Common Equity		 436 526 529 532 577 593 628 754 777 807 919
Common Stock		 370 420 421 421 424 423 424 531 532 533 613
Retained Earnings		 150 174 189 205 225 237 250 276 293 310 344
Accumulated Other Comprehensive Income / (Loss)		 -85 -68 -81 -94 -72 -68 -46 -53 -48 -36 -38

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 29,615,370.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 29,615,370.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 2.97
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.61 $0.73 $0.63 $1.27 $1.79 $1.65 $2.54 $2.34 $2.62 $2.27 $2.81
Adjusted Weighted Average Basic Shares Outstanding		 7.04M 6.91M 10.23M 13.32M 13.44M 20.69M 20.40M 25.11M 25.36M 29.55M 32.71M
Adjusted Diluted Earnings per Share		 $0.59 $0.70 $0.61 $1.22 $1.74 $1.64 $2.53 $2.32 $2.59 $2.26 $2.79
Adjusted Weighted Average Diluted Shares Outstanding		 7.04M 6.91M 10.23M 13.32M 13.44M 20.69M 20.40M 25.11M 25.36M 29.55M 32.71M
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		 7.04M 6.91M 10.23M 13.32M 13.44M 20.69M 20.40M 25.11M 25.36M 29.55M 32.71M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - 29,615,370.00 32,710,447.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 29,615,370.00 32,710,447.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.76 0.72
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 5.82% -6.47% -0.36% 1.38% 2.63% 28.94% 30.03% 23.07% 21.02% - 12.67%
EBITDA Growth		 14.45% 19.51% -0.25% -14.14% -6.93% 19.53% 45.07% 31.32% 19.67% - 14.40%
EBIT Growth		 49.44% -11.34% -10.54% -13.09% -12.30% 4.74% 50.03% 28.77% 26.83% - 14.24%
NOPAT Growth		 48.22% -11.93% -9.68% -12.83% -12.77% 4.20% 51.39% 28.46% 28.10% - 14.71%
Net Income Growth		 48.22% -11.93% -9.68% -12.83% -12.77% 4.20% 51.39% 28.46% 28.10% - 14.71%
EPS Growth		 24.59% -18.84% -11.11% -15.07% -14.47% -8.93% 35.42% 12.90% 12.31% - 4.62%
Operating Cash Flow Growth		 8.26% 86.99% -66.85% -41.62% -4.47% -18.56% 277.82% -6.92% 51.41% - -6.58%
Free Cash Flow Firm Growth		 -252.96% 133.43% 113.67% 158.98% 75.35% -275.98% -370.69% -208.49% 31.08% - 42.85%
Invested Capital Growth		 0.00% -13.07% -4.06% -21.65% 26.00% 30.98% 16.77% 33.72% 15.11% - 9.15%
Revenue Q/Q Growth		 -0.16% -7.68% 1.24% 8.65% 1.06% 15.99% 2.09% 2.84% -0.63% - 7.41%
EBITDA Q/Q Growth		 2.39% -20.05% 28.31% 15.76% 10.99% 2.68% 8.13% 8.12% 6.99% - 15.91%
EBIT Q/Q Growth		 3.68% -21.67% -15.39% 26.47% 4.63% -6.45% 21.19% 8.55% 3.05% - 6.94%
NOPAT Q/Q Growth		 3.63% -22.64% -14.24% 26.79% 3.70% -7.59% 24.59% 7.59% 3.41% - 5.39%
Net Income Q/Q Growth		 3.63% -22.64% -14.24% 26.79% 3.70% -7.59% 24.59% 7.59% 3.41% - 5.39%
EPS Q/Q Growth		 4.11% -26.32% -14.29% 29.17% 4.84% -21.54% 27.45% 7.69% 4.29% - -4.23%
Operating Cash Flow Q/Q Growth		 -13.16% -5.03% -64.27% 98.13% 42.09% -19.04% 65.76% -51.19% 131.15% - 57.68%
Free Cash Flow Firm Q/Q Growth		 -71.10% 117.60% -63.63% 438.61% -171.52% -25.63% 44.06% -115.86% 54.56% - 35.93%
Invested Capital Q/Q Growth		 -32.13% 3.43% 10.22% 1.27% 9.15% 7.51% -1.74% 15.96% -6.04% - -5.01%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 40.23% 34.84% 31.18% 33.22% 36.49% 32.30% 34.21% 35.96% 38.72% - 34.73%
EBIT Margin		 39.84% 33.80% 28.25% 32.89% 34.05% 27.46% 32.60% 34.41% 35.68% - 33.05%
Profit (Net Income) Margin		 31.38% 26.30% 22.28% 26.00% 26.68% 21.25% 25.94% 27.13% 28.24% - 26.40%
Tax Burden Percent		 78.78% 77.80% 78.85% 79.05% 78.35% 77.39% 79.57% 78.87% 79.14% - 79.89%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 21.22% 22.20% 21.15% 20.95% 21.65% 22.61% 20.43% 21.13% 20.86% - 20.11%
Return on Invested Capital (ROIC)		 16.97% 6.29% 5.08% 5.28% 6.34% 5.10% 6.43% 6.48% 7.02% - 6.71%
ROIC Less NNEP Spread (ROIC-NNEP)		 16.97% 6.29% 5.08% 5.28% 6.34% 5.10% 6.43% 6.48% 7.02% - 6.71%
Return on Net Nonoperating Assets (RNNOA)		 9.61% 4.52% 3.91% 5.10% 4.06% 2.89% 3.77% 4.46% 4.40% - 3.02%
Return on Equity (ROE)		 26.58% 10.81% 8.99% 10.37% 10.40% 8.00% 10.19% 10.95% 11.42% - 9.73%
Cash Return on Invested Capital (CROIC)		 -184.54% 20.73% 10.46% 29.67% -16.99% -21.07% -9.31% -22.83% -7.66% - -1.85%
Operating Return on Assets (OROA)		 3.14% 1.35% 1.09% 1.26% 1.29% 1.03% 1.31% 1.43% 1.53% - 1.33%
Return on Assets (ROA)		 2.48% 1.05% 0.86% 1.00% 1.01% 0.80% 1.04% 1.13% 1.21% - 1.06%
Return on Common Equity (ROCE)		 23.42% 9.54% 7.95% 9.19% 9.25% 7.20% 9.20% 9.90% 10.38% - 8.96%
Return on Equity Simple (ROE_SIMPLE)		 12.11% 0.00% 10.72% 10.09% 9.21% 0.00% 8.72% 9.07% 9.33% - 9.17%
Net Operating Profit after Tax (NOPAT)		 20 16 14 17 18 16 21 22 23 - 24
NOPAT Margin		 31.38% 26.30% 22.28% 26.00% 26.68% 21.25% 25.94% 27.13% 28.24% - 26.40%
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%
SG&A Expenses to Revenue		 42.86% 46.38% 50.52% 47.20% 45.91% 45.35% 46.53% 43.56% 43.11% - 46.12%
Operating Expenses to Revenue		 59.23% 66.00% 69.80% 65.14% 63.46% 63.89% 63.85% 62.86% 60.39% - 64.40%
Earnings before Interest and Taxes (EBIT)		 26 20 17 22 23 21 26 28 29 - 29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 26 21 19 22 24 25 27 29 31 - 31
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.87 1.06 0.97 0.93 1.04 1.04 0.95 0.94 0.87 - 0.96
Price to Tangible Book Value (P/TBV)		 1.07 1.28 1.18 1.12 1.25 1.28 1.17 1.14 1.04 - 1.17
Price to Revenue (P/Rev)		 1.81 2.41 2.22 2.18 2.58 2.78 2.48 2.40 2.19 - 2.64
Price to Earnings (P/E)		 6.83 9.24 8.69 8.94 11.09 12.65 10.79 10.23 9.13 - 10.35
Dividend Yield		 2.63% 2.09% 2.36% 2.50% 2.18% 2.19% 2.30% 2.27% 2.37% - 2.15%
Earnings Yield		 14.64% 10.82% 11.51% 11.19% 9.02% 7.90% 9.27% 9.78% 10.96% - 9.66%
Enterprise Value to Invested Capital (EV/IC)		 0.52 0.65 0.61 0.67 0.70 0.62 0.63 0.60 0.56 - 0.48
Enterprise Value to Revenue (EV/Rev)		 1.91 2.53 2.63 2.89 3.29 2.92 2.74 2.89 2.40 - 1.98
Enterprise Value to EBITDA (EV/EBITDA)		 5.53 6.93 7.22 8.28 9.69 8.78 8.04 8.33 6.90 - 5.60
Enterprise Value to EBIT (EV/EBIT)		 5.25 7.02 7.48 8.56 10.20 9.56 8.68 9.01 7.36 - 5.82
Enterprise Value to NOPAT (EV/NOPAT)		 6.69 8.95 9.52 10.88 12.99 12.19 11.03 11.46 9.34 - 7.29
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.93 6.88 8.60 11.00 12.81 12.93 9.64 10.82 8.28 - 7.35
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 2.91 5.75 1.98 0.00 0.00 0.00 0.00 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.57 0.52 0.66 0.64 0.71 0.60 0.53 0.72 0.56 - 0.39
Long-Term Debt to Equity		 0.53 0.49 0.64 0.62 0.67 0.58 0.50 0.70 0.53 - 0.37
Financial Leverage		 0.57 0.72 0.77 0.97 0.64 0.57 0.59 0.69 0.63 - 0.45
Leverage Ratio		 10.74 10.27 10.42 10.40 10.26 10.00 9.81 9.68 9.41 - 9.18
Compound Leverage Factor		 10.74 10.27 10.42 10.40 10.26 10.00 9.81 9.68 9.41 - 9.18
Debt to Total Capital		 36.17% 34.21% 39.87% 39.20% 41.37% 37.67% 34.44% 41.95% 36.04% - 27.95%
Short-Term Debt to Total Capital		 2.46% 1.93% 1.59% 1.69% 1.80% 1.76% 1.51% 1.54% 2.18% - 1.57%
Long-Term Debt to Total Capital		 33.72% 32.29% 38.28% 37.52% 39.56% 35.91% 32.93% 40.41% 33.86% - 26.38%
Preferred Equity to Total Capital		 7.60% 7.34% 6.66% 6.58% 6.03% 5.61% 5.71% 4.92% 5.24% - 5.23%
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%
Common Equity to Total Capital		 56.23% 58.44% 53.47% 54.21% 52.60% 56.72% 59.85% 53.13% 58.73% - 66.82%
Debt to EBITDA		 3.87 3.65 4.69 4.86 5.72 5.34 4.39 5.79 4.46 - 3.25
Net Debt to EBITDA		 -0.52 -0.46 0.36 1.21 1.28 -0.37 0.04 0.74 -0.05 - -2.48
Long-Term Debt to EBITDA		 3.61 3.44 4.50 4.65 5.47 5.09 4.20 5.58 4.19 - 3.07
Debt to NOPAT		 4.68 4.72 6.18 6.39 7.66 7.42 6.02 7.97 6.04 - 4.23
Net Debt to NOPAT		 -0.62 -0.59 0.48 1.59 1.71 -0.51 0.05 1.01 -0.06 - -3.23
Long-Term Debt to NOPAT		 4.36 4.45 5.94 6.12 7.32 7.08 5.76 7.67 5.67 - 3.99
Noncontrolling Interest Sharing Ratio		 11.90% 11.75% 11.54% 11.37% 11.03% 9.96% 9.75% 9.51% 9.12% - 7.92%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -926 163 59 319 -228 -287 -160 -346 -157 - -92
Operating Cash Flow to CapEx		 644.43% 358.84% 1,954.50% 1,427.87% 5,446.56% 0.00% 2,692.22% 6,315.77% 9,703.29% - 0.00%
Free Cash Flow to Firm to Interest Expense		 -24.36 3.99 1.33 6.96 -4.90 -5.69 -3.36 -7.25 -3.19 - -1.94
Operating Cash Flow to Interest Expense		 0.59 0.52 0.17 0.33 0.46 0.34 0.60 0.29 0.66 - 0.56
Operating Cash Flow Less CapEx to Interest Expense		 0.50 0.38 0.16 0.31 0.45 0.35 0.58 0.29 0.65 - 0.56
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.08 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 - 0.04
Fixed Asset Turnover		 0.00 3.80 3.79 3.84 3.84 3.59 3.86 4.14 4.39 - 3.94
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 947 979 1,079 1,093 1,193 1,283 1,260 1,462 1,373 - 1,376
Invested Capital Turnover		 0.54 0.24 0.23 0.20 0.24 0.24 0.25 0.24 0.25 - 0.25
Increase / (Decrease) in Invested Capital		 947 -147 -46 -302 246 303 181 369 180 - 115
Enterprise Value (EV)		 489 636 663 730 837 794 795 882 766 - 663
Market Capitalization		 463 606 558 551 655 755 720 732 699 - 884
Book Value per Share		 $21.01 $22.58 $22.76 $23.25 $24.61 $24.63 $25.53 $26.15 $27.24 - $28.10
Tangible Book Value per Share		 $17.03 $18.63 $18.70 $19.24 $20.62 $19.93 $20.85 $21.54 $22.64 - $23.12
Total Capital		 947 979 1,079 1,093 1,193 1,283 1,260 1,462 1,373 - 1,376
Total Debt		 342 335 430 429 494 483 434 613 495 - 385
Total Long-Term Debt		 319 316 413 410 472 461 415 591 465 - 363
Net Debt		 -46 -42 33 107 110 -34 3.79 78 -5.29 - -294
Capital Expenditures (CapEx)		 3.48 5.93 0.39 1.06 0.39 -0.28 1.07 0.22 0.33 - 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Obligations (NNO)		 342 335 430 429 494 483 434 613 495 - 385
Total Depreciation and Amortization (D&A)		 0.26 0.62 1.79 0.22 1.63 3.75 1.28 1.27 2.46 - 1.50
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.76 $0.58 $0.49 $0.63 $0.65 $0.50 $0.65 $0.70 $0.73 $0.73 $0.68
Adjusted Weighted Average Basic Shares Outstanding		 25.34M 25.36M 25.49M 25.50M 29.54M 29.55M 29.69M 29.60M 29.62M 32.71M 32.68M
Adjusted Diluted Earnings per Share		 $0.76 $0.56 $0.48 $0.62 $0.65 $0.51 $0.65 $0.70 $0.73 $0.71 $0.68
Adjusted Weighted Average Diluted Shares Outstanding		 25.34M 25.36M 25.49M 25.50M 29.54M 29.55M 29.69M 29.60M 29.62M 32.71M 32.68M
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		 25.34M 25.36M 25.49M 25.50M 29.54M 29.55M 29.69M 29.60M 29.62M 32.71M 32.68M
Normalized Net Operating Profit after Tax (NOPAT)		 20 16 14 17 18 16 21 22 23 - 24
Normalized NOPAT Margin		 31.38% 26.30% 22.28% 26.00% 26.68% 21.25% 25.94% 27.13% 28.24% - 26.40%
Pre Tax Income Margin		 39.84% 33.80% 28.25% 32.89% 34.05% 27.46% 32.60% 34.41% 35.68% - 33.05%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.68 0.50 0.39 0.47 0.49 0.42 0.54 0.59 0.58 - 0.62
NOPAT to Interest Expense		 0.54 0.39 0.31 0.38 0.38 0.33 0.43 0.46 0.46 - 0.50
EBIT Less CapEx to Interest Expense		 0.59 0.35 0.38 0.45 0.48 0.43 0.52 0.58 0.58 - 0.62
NOPAT Less CapEx to Interest Expense		 0.45 0.24 0.30 0.35 0.37 0.33 0.41 0.46 0.46 - 0.50
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 23.90% 25.42% 26.74% 28.54% 30.52% 31.12% 28.82% 27.77% 26.80% - 25.35%
Augmented Payout Ratio		 23.90% 25.42% 26.74% 28.54% 30.52% 31.12% 28.82% 27.77% 26.80% - 32.48%

Financials Breakdown Chart

Key Financial Trends

Business First Bancshares (NASDAQ: BFST) showed solid earnings growth in Q1 2026, but the balance sheet and cash flow trends suggest a more mixed picture beneath the surface. The company continued to post healthy profitability, while also expanding deposits and equity. However, loan growth slowed relative to deposits and cash, and the latest quarter included a large acquisition-related cash outflow that investors should watch closely.

  • Q1 2026 net income remained strong. BFST reported $23.6 million in consolidated net income and $22.2 million attributable to common shareholders, up slightly from $22.4 million and $21.0 million in Q4 2025.
  • Earnings per share held steady. Basic and diluted EPS were both $0.68 in Q1 2026, consistent with the prior quarter’s strong profitability.
  • Core operating cash generation improved. Net cash from operating activities jumped to $26.7 million in Q1 2026 from $17.0 million in Q4 2025, indicating the quarter’s earnings were backed by cash flow.
  • Deposits continued to grow. Total deposits increased in Q1 2026, with both non-interest-bearing and interest-bearing deposits rising, which supports funding stability.
  • Book equity strengthened. Total common equity increased to $919.2 million at March 31, 2026, up from $806.5 million a year earlier, reflecting retained earnings growth and capital generation.
  • Retained earnings rose meaningfully over the past year. Retained earnings increased from $310.0 million in Q3 2025 to $343.9 million in Q1 2026, showing ongoing profit accumulation.
  • Net interest income was stable to slightly stronger. Q1 2026 net interest income was $75.2 million, up from $70.9 million in Q4 2025 and $69.3 million in Q3 2025, suggesting modest margin improvement or better earning asset performance.
  • Non-interest income also improved quarter over quarter. It rose to $14.1 million in Q1 2026 from $12.2 million in Q4 2025, helped by service charges and investment gains.
  • The company remains acquisition-active. Q1 2026 cash flow shows a large acquisition-related outflow of $93.3 million, so investors should watch whether these deals translate into durable earnings and deposit growth.
  • Share count has not meaningfully changed recently. Weighted average diluted shares were 32.7 million in Q1 2026 versus 32.7 million in Q4 2025, so EPS gains were driven more by earnings growth than buybacks.
  • Loan growth appears to be lagging balance sheet growth. Net loans and leases were $6.62 billion in Q1 2026, only modestly above $5.96 billion in Q3 2025 and below the larger jump in cash and securities, which can suggest excess liquidity or slower lending momentum.
  • Cash and securities rose sharply relative to loans. Cash and due from banks climbed to $589.8 million in Q1 2026, while trading securities and federal funds sold also remained elevated, indicating a more liquidity-heavy balance sheet.
  • Interest expense remains a major drag. Deposits interest expense was $42.8 million in Q1 2026, nearly 35% of total interest income, so funding costs are still high.
  • Provision expense ticked up again. Provision for credit losses was $2.3 million in Q1 2026, up from $3.1 million in Q4 2025 and above some earlier 2025 levels, which may point to cautious credit underwriting or normalization in loan losses.
  • Debt remains sizable. Total debt was about $384.5 million in Q1 2026, including $362.9 million of long-term debt, so the bank is still carrying meaningful leverage.
  • AOCI remained negative. Accumulated other comprehensive income/loss was $(37.9) million in Q1 2026, which reflects ongoing pressure from market-value adjustments in the securities portfolio.

Bottom line: BFST looks fundamentally profitable and well-capitalized, with improving cash generation and steady deposit growth. The main watch items are the pace of loan growth, continued pressure from funding costs, and whether acquisition spending creates enough long-term value to justify the cash outlay.

06/15/26 09:53 PM ETAI Generated. May Contain Errors.

Business First Bancshares Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Business First Bancshares' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Business First Bancshares' net income appears to be on an upward trend, with a most recent value of $87.86 million in 2025, rising from $4.10 million in 2015. The previous period was $65.11 million in 2024. Check out Business First Bancshares' forecast to explore projected trends and price targets.

Over the last 10 years, Business First Bancshares' total revenue changed from $37.33 million in 2015 to $324.71 million in 2025, a change of 769.8%.

Business First Bancshares' total liabilities were at $7.32 billion at the end of 2025, a 3.7% increase from 2024, and a 659.4% increase since 2015.

In the past 10 years, Business First Bancshares' cash and equivalents has ranged from $40.91 million in 2015 to $411.18 million in 2025, and is currently $411.18 million as of their latest financial filing in 2025.


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Financial statements for NASDAQ:BFST last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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