Business First Bancshares (BFST) Financials

$22.73 +0.29 (+1.29%)

Closing price 04/17/2025 04:00 PM Eastern

Extended Trading

$22.72 -0.02 (-0.07%)

As of 04/17/2025 04:05 PM Eastern

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

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About Business First Bancshares' Financials

When does Business First Bancshares's fiscal year end?

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

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 4/18/2025 by MarketBeat.com Staff

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Business First Bancshares (BFST) Financials

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Business First Bancshares (BFST) Financials

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