8-K
filed January 23, 2024, 6:59 PM ET
ticker BFST
CIK 0001624322
earnings
confidence high
sentiment neutral
materiality 0.70
Business First Bancshares reports FY2023 net income $65.6M ($2.59 EPS); Q4 net income $14.5M; $0.14 dividend
Business First Bancshares, Inc.
2023-FY EPS reported
$2.59
revenue$9,704,000
- FY2023 net income available to common shareholders $65.6M, diluted EPS $2.59, up $12.7M from prior year.
- Q4 2023 net income $14.5M ($0.57 diluted EPS), down $4.6M from Q3; core net income $16.8M ($0.66 EPS).
- Board declares $0.14 quarterly common dividend, payable Feb 28 to holders of record Feb 15; also preferred dividend $18.75/share.
- Executed $71.5M security repositioning, selling low-yield 1.98% bonds, reinvesting at 5.17%, incurring $2.5M loss with 1.1-year earnback.
- Loans held for investment increased $72.5M (5.85% annualized) in Q4; nonperforming loans stable at 0.34%.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Business First Bancshares, Inc. reported the quarter ended December 31, 2023 results: net income $14.5 million, EPS $0.57 per diluted common share.
- Period
- the quarter ended December 31, 2023
- Net income
- $14.5 million
- EPS
- $0.57 per diluted common share
- Result
- reported results
Exact text from the filing
For the quarter ended December 31, 2023, Business First reported net income available to common shareholders of $14.5 million, or $0.57 per diluted common share
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Business First Bancshares, Inc. reported the year ended December 31, 2023 results: net income $65.6 million, EPS $2.59 per diluted common share.
- Period
- the year ended December 31, 2023
- Net income
- $65.6 million
- EPS
- $2.59 per diluted common share
- Result
- reported results
Exact text from the filing
Business First Bancshares, Inc. (NASDAQ: BFST) (Business First), parent company of b1BANK, today announced its unaudited results for the year ended December 31, 2023, including net income available to common shareholders of $65.6 million or $2.59 per diluted common share
View on SEC.gov
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