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Business First Bancshares Inc (BFST)
NASDAQ:BFST
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.58Last Year’s EPS
0.5Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2018
|% Change Since: 6.80%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Positive
Overall, the earnings call reflected a positive sentiment, with significant achievements in net interest margin expansion, loan and deposit growth, and successful mergers. However, there were some challenges, such as a strategic shift away from construction loans and a temporary increase in net charge-offs.Company Guidance
During the Business First Bancshares Fourth Quarter 2024 Earnings Conference Call, the executives provided extensive guidance showcasing significant achievements and strategic plans for future growth. The company reported a notable 30 basis point expansion in net interest margin throughout 2024, surpassing a sustainable 3.5% earlier than anticipated. The focus on disciplined loan and deposit pricing contributed to this success, alongside a strategic reduction in CRE and C&D concentrations. The company demonstrated robust core deposit growth, resulting in a total deposit increase of $870.4 million, with over 41% of loans based in Texas markets. Organic loan growth was recorded at $62.8 million, with total loans held for investment increasing by $761.3 million or 58% annualized during the fourth quarter. The non-GAAP core net income stood at $19.5 million, with an EPS of $0.66. The executives emphasized their continued commitment to expense management, technology investments, and strategic acquisitions, including the Oakwood Bank merger, which positively impacted their tangible book value and capital ratios. Looking forward, the company aims for a low to mid-single-digit margin expansion in 2025, supported by a diversified revenue stream from noninterest income sources such as SBA and interest rate swap provisioning.Net Interest Margin Expansion
The company achieved a net interest margin of over 3.5% with nearly a 30 basis point expansion since the first quarter trough, reaching 3.61% in Q4.
Strong Loan and Deposit Growth
Total loans increased by $761.3 million or 58% annualized, and total deposits grew by $870.4 million or 61.4% annualized in Q4.
Successful Mergers
Completed two mergers: acquisition of Oakwood Bank and a nonbank transaction in Houston, achieving higher TCE ratio, higher TBV per share, and a stable risk-based capital ratio without additional capital.
Noninterest Income Growth
Noninterest income increased to $11.9 million in Q4, with contributions from the customer swap business line and SBA income.
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BFST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BFST Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 23, 2025 | $25.44 | $27.69 | +8.84% |
| Oct 24, 2024 | $24.92 | $25.84 | +3.69% |
| Jul 25, 2024 | $24.93 | $25.92 | +3.97% |
| Apr 25, 2024 | $21.38 | $20.29 | -5.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Business First Bancshares Inc (BFST) report earnings?
Business First Bancshares Inc (BFST) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Business First Bancshares Inc (BFST) earnings time?
Business First Bancshares Inc (BFST) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BFST EPS forecast?
BFST EPS forecast for the fiscal quarter 2025 (Q1) is 0.58.
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