earnings
confidence high
sentiment negative
materiality 0.70
Business First Q1 net income $8.7M ($0.41 EPS) down from Q4; completes Texas Citizens acquisition
Business First Bancshares, Inc.
2022-Q1 EPS reported
$0.41
revenue$1,805,000
- Net income $8.7M ($0.41 diluted EPS) vs $12.1M ($0.59) in Q4 2021; core EPS $0.49.
- Completed Texas Citizens acquisition on March 1, adding $534M assets, $349M loans, $477M deposits.
- Total loans $3.7B, up 17.5% QoQ; organic loan growth annualized 25.7% excluding PPP and Texas Citizens.
- NIM stable at 3.51% (3.43% non-GAAP); credit quality improved: NPL ratio 0.29% vs 0.41%.
- Dividend $0.12/share declared, same as prior quarter; payable May 31 to holders of record May 15.