earnings
confidence high
sentiment positive
materiality 0.72
Business First Q3 net income $13.8M, EPS $0.61; core EPS rises to $0.72
Business First Bancshares, Inc.
2022-Q3 EPS reported
$1.64
revenue$6,007,000
- Loans held for investment grew $316.2M (7.69% QoQ) to $4.4B; annualized 30.74%.
- Net interest margin expanded to 4.05% from 3.98% QoQ; core NIM 3.92%.
- Nonperforming loans ratio fell to 0.25% from 0.42% QoQ, aided by a $6.3M loan payoff.
- Completed $72M private placement of 7.50% fixed-to-floating non-cumulative perpetual preferred stock on Sept 1, 2022.
- Quarterly dividend maintained at $0.12 per share; payable Nov 30, 2022 to holders of record Nov 15, 2022.