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Business First Bancshares Inc (BFST)
NASDAQ:BFST
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.49Last Year’s EPS
$0.66Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 3.62%
|Next Earnings Date:Jan 22, 2025
Earnings Call Sentiment|Positive
The earnings call reflected positive financial performance with significant net interest margin expansion, successful acquisition integration, and diversified revenue growth. However, challenges were noted with the increase in special mention loans and a decline in noninterest-bearing deposits due to specific client issues.Company Guidance
During the Business First Bancshares Q3 2024 earnings call, guidance emphasized improvements in net interest margin (NIM) and expense control as key drivers of performance. The core margin expanded by 12 basis points quarter-over-quarter to 3.46%, with new and renewed loan pricing holding steady at 8.46%. Expenses decreased by $1 million from the previous quarter, despite continued technological investments. The company's balance sheet strategy focused on growing deposits faster than loans, contributing to increased capital levels and tangible book value growth. The successful closing of the Oakwood transaction on October 1 was also highlighted, enhancing the bank's asset exposure in the Dallas and Houston markets to the mid-40% range of the overall loan book. Future expectations include continued incremental NIM improvement and the integration of Oakwood's contributions to overall performance.Net Interest Margin Expansion
Core margin expanded by 12 basis points to 3.46% driven by flat deposit costs and increased loan yields, with new loans pricing steady at 8.46%.
Successful Oakwood Acquisition
Successfully closed the Oakwood transaction, increasing the percentage of asset exposure in the Dallas and Houston markets to mid-40s of the overall loan book.
Revenue Diversification and Noninterest Income Growth
Continued diversification of revenue sources, with noninterest income from asset management, SBA loan services, and swap initiatives seeing positive impacts.
Loan and Deposit Growth
Total loans increased by $57.3 million (4.4% annualized) and deposits grew by $77.3 million (5.5% annualized) quarter-over-quarter.
Improved Financial Performance
GAAP net income was $16.5 million with EPS of $0.65 per share, with core net income (non-GAAP) at $17.2 million and EPS at $0.68 per share.
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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 |
|---|---|---|---|
| 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% |
| Jan 23, 2024 | $22.83 | $22.47 | -1.58% |
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 22, 2025, TBA Not Confirmed.
What is Business First Bancshares Inc (BFST) earnings time?
Business First Bancshares Inc (BFST) earnings time is at Jan 22, 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 2024 (Q4) is $0.49.
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