NASDAQ : BFST
Business First Bancshares, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 31.77 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.03B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 439.70M | 419.20M | 374.56M | 323.33M | 218.03M | 156.79M |
| Interest Income on Investments | 53.74M | 45.81M | 40.21M | 30.00M | 18.08M | 13.65M |
| Total Interest Income | 493.44M | 465.01M | 414.76M | 353.33M | 236.11M | 170.44M |
| Interest Paid on Deposits | 167.10M | 168.92M | 165.09M | 106.91M | 24.41M | 12.18M |
| Interest Paid on Borrowings | 21.78M | 22.93M | 22.29M | 31.29M | 12.12M | 4.37M |
| Total Interest Expense | 188.88M | 191.85M | 187.38M | 138.20M | 36.54M | 16.55M |
| Net Interest Income | 304.56M | 273.16M | 227.38M | 215.13M | 199.58M | 153.88M |
| Gain (Loss) on Sale of Assets | -967.00K | 2.52M | 50.00K | 945.00K | -717.00K | -518.00K |
| Gain (Loss) on Sale of Investments | 88.00K | 64.00K | 7.00K | -2.56M | -48.00K | 378.00K |
| Other Non-Interest Income | 36.25M | 34.19M | 30.59M | 25.13M | 21.23M | 18.99M |
| Total Non-Interest Income | 52.21M | 50.91M | 44.19M | 35.18M | 29.31M | 35.78M |
| Revenues Before Loan Losses | 356.78M | 324.07M | 271.58M | 250.31M | 228.89M | 189.67M |
| Provision for Loan Losses | 9.30M | 11.32M | 10.87M | 4.48M | 10.89M | 8.05M |
| Revenue | 347.47M | 312.76M | 260.70M | 245.83M | 218.00M | 181.62M |
| Salaries and Employee Benefits | 121.73M | 108.42M | 100.53M | 86.61M | 81.16M | 62.96M |
| Occupancy Expenses | 20.41M | 15.73M | 13.04M | 15.26M | 13.97M | 14.19M |
| Selling, General & Administrative | 26.47M | 23.88M | 18.82M | 14.23M | 12.54M | 5.57M |
| Other Non-Interest Expense | 55.31M | 51.24M | 43.63M | 40.37M | 36.06M | 32.26M |
| Total Non-Interest Expense | 223.93M | 199.27M | 176.03M | 156.47M | 143.73M | 114.99M |
| EBT Excluding Unusual Items | 123.55M | 113.49M | 84.67M | 89.36M | 74.27M | 66.63M |
| Other Unusual Items | 545.00K | 630.00K | 1.46M | -501.00K | -1.56M | |
| Pretax Income | 118.15M | 110.31M | 83.05M | 90.59M | 68.59M | 64.56M |
| Income Tax Expense | 23.50M | 22.45M | 17.94M | 19.54M | 14.34M | 12.42M |
| Net Income | 94.65M | 87.86M | 65.11M | 71.04M | 54.26M | 52.14M |
| Preferred Dividends & Other Adjustments | 5.40M | 5.40M | 5.40M | 5.40M | 1.35M | |
| Net Income to Common | 89.25M | 82.46M | 59.71M | 65.64M | 52.91M | 52.14M |
| Basic Shares Outstanding | 31.79M | 29.40M | 26.25M | 25.08M | 22.63M | 20.50M |
| Diluted Shares Outstanding | 32.00M | 29.55M | 26.45M | 25.30M | 22.82M | 20.63M |
| EPS (Basic) | 2.81 | 2.81 | 2.27 | 2.62 | 2.34 | 2.54 |
| EPS (Diluted) | 2.79 | 2.79 | 2.26 | 2.59 | 2.32 | 2.53 |
| Dividend Per Share | 0.60 | 0.58 | 0.56 | 0.52 | 0.48 | 0.48 |
| Effective Tax Rate | 19.89% | 20.35% | 21.61% | 21.57% | 20.90% | 19.24% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 600.77M | 583.57M | 516.77M | 377.24M | 168.35M | 295.42M |
| Investment Securities | 1.11B | 387.57M | 427.15M | 392.40M | 456.79M | 480.04M |
| Mortgage-Backed Securities | 650.09M | 537.74M | 506.31M | 451.73M | 552.34M | |
| Total Investments | 1.11B | 1.04B | 964.88M | 898.71M | 908.52M | 1.03B |
| Gross Loans | 6.78B | 6.20B | 5.99B | 5.01B | 4.62B | 3.20B |
| Allowance for Loan Losses | -59.59M | -53.96M | -54.84M | -40.41M | -38.18M | -29.11M |
| Other Adjustments to Gross Loans | -11.40M | -12.60M | -12.60M | -13.10M | -7.70M | |
| Net Loans | 6.72B | 6.14B | 5.93B | 4.95B | 4.57B | 3.16B |
| Property, Plant & Equipment | 95.46M | 73.98M | 81.95M | 69.48M | 63.18M | 58.16M |
| Goodwill | 131.74M | 121.15M | 121.57M | 88.39M | 88.54M | 59.89M |
| Other Intangible Assets | 31.98M | 14.50M | 17.25M | 11.89M | 14.04M | 12.20M |
| Loans Held for Sale | 254.00K | 1.09M | 717.00K | 835.00K | 304.00K | 1.20M |
| Accrued Interest Receivable | 39.32M | 38.49M | 35.87M | 29.92M | 25.67M | 19.60M |
| Long-Term Deferred Tax Assets | 24.85M | 20.48M | 29.59M | 27.32M | 31.19M | 8.82M |
| Other Real Estate Owned & Foreclosed | 24.76M | 13.01M | 5.53M | 1.69M | 1.43M | 1.43M |
| Other Long-Term Assets | 179.62M | 148.78M | 135.79M | 111.90M | 101.54M | 71.48M |
| Total Assets | 8.96B | 8.21B | 7.86B | 6.58B | 5.99B | 4.73B |
| Interest Bearing Deposits | 5.77B | 4.15B | 4.47B | 3.33B | 2.99B | 2.59B |
| Institutional Deposits | 1.22B | 687.60M | 623.34M | 279.78M | 197.27M | |
| Non-Interest Bearing Deposits | 1.61B | 1.32B | 1.36B | 1.30B | 1.55B | 1.29B |
| Total Deposits | 7.38B | 6.70B | 6.51B | 5.25B | 4.82B | 4.08B |
| Short-Term Borrowings | 24.90M | 142.62M | 22.62M | 318.88M | 296.26M | 19.14M |
| Current Portion of Long-Term Debt | 136.20M | 82.56M | ||||
| Current Portion of Leases | 5.90M | 5.89M | 4.43M | 4.13M | 2.24M | |
| Accrued Interest Payable | 3.13M | 4.17M | 5.97M | 14.84M | 2.09M | 1.35M |
| Long-Term Debt | 114.25M | 92.53M | 99.76M | 99.99M | 110.75M | 81.43M |
| Federal Home Loan Bank Debt, Long-Term | 334.19M | 175.00M | 273.31M | 211.20M | 148.10M | 82.02M |
| Long-Term Leases | 20.84M | 25.91M | 19.21M | 15.04M | 12.06M | |
| Trust Preferred Securities | 9.69M | 5.00M | 5.00M | 5.00M | 5.00M | 5.00M |
| Other Long-Term Liabilities | 90.50M | 37.02M | 25.27M | 17.95M | 8.25M | 12.48M |
| Total Liabilities | 7.95B | 7.32B | 7.06B | 5.94B | 5.41B | 4.29B |
| Preferred Stock, Non-Redeemable | 71.93M | 71.93M | 71.93M | 71.93M | 71.93M | |
| Total Preferred Equity | 71.93M | 71.93M | 71.93M | 71.93M | 71.93M | |
| Common Stock | 32.35M | 29.51M | 29.55M | 25.35M | 25.11M | 20.40M |
| Additional Paid-In Capital | 572.97M | 502.15M | 500.02M | 397.45M | 393.69M | 292.27M |
| Retained Earnings | 380.18M | 326.57M | 260.96M | 216.12M | 163.96M | 121.87M |
| Comprehensive Income & Other | -54.91M | -33.29M | -63.00M | -66.58M | -74.20M | -1.18M |
| Total Common Equity | 930.59M | 824.95M | 727.54M | 572.33M | 508.55M | 433.37M |
| Shareholders' Equity | 1.00B | 896.88M | 799.47M | 644.26M | 580.48M | 433.37M |
| Total Liabilities & Equity | 8.96B | 8.21B | 7.86B | 6.58B | 5.99B | 4.73B |
| Total Debt | 483.02M | 578.09M | 515.05M | 658.71M | 579.29M | 201.89M |
| Net Cash (Debt) | 196.97M | 31.07M | 52.55M | -281.47M | -410.94M | 93.53M |
| Net Cash Per Share | 6.16 | 1.05 | 1.99 | -11.13 | -18.01 | 4.53 |
| Filing Date Shares Outstanding | 32.35M | 32.71M | 29.55M | 25.36M | 25.11M | 20.40M |
| Total Common Shares Outstanding | 32.35M | 29.51M | 29.55M | 25.35M | 25.11M | 20.40M |
| Book Value Per Share | 28.77 | 27.95 | 24.62 | 22.58 | 20.25 | 21.24 |
| Tangible Book Value | 766.86M | 689.31M | 588.71M | 472.04M | 405.97M | 361.27M |
| Tangible Book Value Per Share | 23.71 | 23.36 | 19.92 | 18.62 | 16.17 | 17.71 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 87.86M | 65.11M | 71.04M | 54.26M | 52.14M | |
| Depreciation & Amortization | 5.68M | 5.26M | 4.67M | 4.82M | 4.16M | |
| Gain (Loss) on Sale of Assets | -2.83M | -82.00K | -1.16M | 92.00K | 912.00K | |
| Gain (Loss) on Sale of Investments | 734.00K | 2.13M | 6.76M | 6.05M | 6.64M | |
| Provision for Credit Losses | 11.32M | 10.87M | 4.48M | 10.89M | 8.05M | |
| Accrued Interest Receivable | -2.64M | -3.08M | -4.25M | -3.47M | 4.30M | |
| Change in Other Net Operating Assets | -4.18M | -382.00K | 9.76M | 5.92M | -1.96M | |
| Other Operating Activities | -4.89M | -6.34M | -13.37M | -11.25M | -7.93M | |
| Operating Cash Flow | 92.08M | 61.41M | 90.97M | 69.58M | 56.44M | |
| Capital Expenditures | -66.00K | -1.56M | -11.65M | -7.78M | -3.97M | |
| Cash Acquisitions | 96.82M | 163.46M | -7.26M | |||
| Investment in Securities | -39.64M | -49.72M | 20.65M | 18.82M | -403.57M | |
| Income (Loss) Equity Investments | -2.10M | -2.20M | -3.04M | -1.55M | -2.40M | |
| Divestitures | -43.08M | -14.51M | -13.73M | |||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -234.28M | -294.94M | -379.07M | -1.07B | -187.63M | |
| Other Investing Activities | 25.78M | -46.14M | -137.80M | 194.65M | -66.84M | |
| Investing Cash Flow | -281.53M | -294.92M | -521.14M | -700.52M | -675.35M | |
| Short-Term Debt Issued | 1.00K | 3.74M | 300.00M | 15.14M | ||
| Long-Term Debt Issued | 75.33M | 122.49M | 327.20M | 91.52M | ||
| Total Debt Issued | 75.33M | 126.22M | 300.00M | 342.35M | 91.52M | |
| Short-Term Debt Repaid | -300.00M | -15.38M | -11.00K | -7.70M | ||
| Long-Term Debt Repaid | -6.37M | -207.80M | -6.00M | |||
| Total Debt Repaid | -6.37M | -300.00M | -223.18M | -11.00K | -13.70M | |
| Net Debt Issued (Repaid) | 68.96M | -173.78M | 76.82M | 342.34M | 77.82M | |
| Issuance of Common Stock | 48.49M | 3.56M | ||||
| Repurchase of Common Stock | -3.73M | -10.92M | ||||
| Preferred Stock Issued | 71.93M | |||||
| Common Dividends Paid | -16.84M | -14.86M | -12.65M | -10.82M | -9.44M | |
| Preferred Dividends Paid | -5.40M | -5.40M | -5.40M | -1.35M | ||
| Total Dividends Paid | -22.25M | -20.26M | -18.06M | -12.17M | -9.44M | |
| Net Increase (Decrease) in Deposit Accounts | 238.54M | 520.57M | 444.78M | 265.83M | 480.12M | |
| Other Financing Activities | -31.00K | -1.10M | -2.99M | |||
| Financing Cash Flow | 281.52M | 326.50M | 503.54M | 715.31M | 538.15M | |
| Net Cash Flow | 92.08M | 92.99M | 73.37M | 84.36M | -80.76M | |
| Free Cash Flow | 92.02M | 59.85M | 79.32M | 61.80M | 52.47M | |
| Free Cash Flow Margin | 29.42% | 22.96% | 32.27% | 28.35% | 28.89% | |
| Free Cash Flow Per Share | 3.11 | 2.26 | 3.14 | 2.71 | 2.54 | |
| Cash Interest Paid | 193.65M | 196.25M | 125.45M | 35.80M | 17.70M | |
| Cash Income Tax Paid | 24.07M | 17.35M | 16.09M | 13.55M | 15.71M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.03B | 774.15M | 759.22M | 624.73M | 555.83M | 577.50M |
| Last Close Price | 31.80 | 25.74 | 24.74 | 23.16 | 20.24 | 25.37 |
| PE Ratio | 11.40 | 9.39 | 12.72 | 9.52 | 10.51 | 11.08 |
| PS Ratio | 2.96 | 2.48 | 2.91 | 2.54 | 2.55 | 3.18 |
| PB Ratio | 1.11 | 0.86 | 0.95 | 0.97 | 0.96 | 1.33 |
| P/FCF Ratio | 9.96 | 8.41 | 12.69 | 7.88 | 8.99 | 11.01 |
| P/OCF Ratio | 9.96 | 8.41 | 12.36 | 6.87 | 7.99 | 10.23 |
| Debt / Equity Ratio | 0.48 | 0.65 | 0.64 | 1.02 | 1.00 | 0.47 |
| Debt / FCF Ratio | 6.28 | 8.61 | 8.30 | 9.37 | 3.85 | |
| Net Debt / Equity Ratio | -0.20 | -0.04 | -0.07 | 0.44 | 0.71 | -0.22 |
| Net Debt / FCF Ratio | -0.34 | -0.88 | 3.55 | 6.65 | -1.78 | |
| Return on Equity (ROE) | 10.06% | 10.36% | 9.02% | 11.60% | 10.70% | 12.36% |
| Return on Assets (ROA) | 1.12% | 1.09% | 0.90% | 1.13% | 1.01% | 1.17% |
| Earnings Yield | 8.77% | 11.35% | 8.58% | 11.37% | 9.76% | 9.03% |
| FCF Yield | 10.04% | 11.89% | 7.88% | 12.70% | 11.12% | 9.09% |
| Dividend Yield | 1.89% | 2.21% | 2.18% | 2.11% | 2.17% | 1.70% |
| Payout Ratio | 21.52% | 25.32% | 31.12% | 25.42% | 22.44% | 18.10% |
| Buyback Yield / Dilution | -8.29% | -11.70% | -4.57% | -10.86% | -10.58% | -13.11% |
| Total Shareholder Return | -6.40% | -9.48% | -2.39% | -8.75% | -8.41% | -11.41% |