earnings
confidence high
sentiment positive
materiality 0.75
Business First Bancshares Q3 net income $19.1M, EPS $0.76; raises common dividend to $0.14
Business First Bancshares, Inc.
2023-Q3 EPS reported
$2.02
revenue$7,234,000
- Q3 net income available to common shareholders $19.1M ($0.76 diluted EPS), up 3.8% linked quarter and 38% YoY.
- Non-GAAP core net income $18.0M ($0.71 diluted EPS), up from $17.8M linked quarter and $16.4M YoY.
- Common dividend raised to $0.14 per share (up $0.02 from prior quarter), payable Nov 30 to holders of record Nov 15.
- Net interest margin 3.61% (ex-accretion 3.46%); deposits grew $176.3M (3.52%) and loans grew $21.5M (0.44%) from linked quarter.
- Credit quality strong with NPLs/loans 0.33% and NPAs/assets 0.27%; tangible book value per share increased to $17.03 from $16.87.