secwatch.observer — SEC 8-K summary
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Issuer:     Business First Bancshares, Inc. (BFST)
CIK:        0001624322
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001437749-24-001949
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Business First Bancshares reports FY2023 net income $65.6M ($2.59 EPS); Q4 net income $14.5M; $0.14 dividend
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624322/000143774924001949/0001437749-24-001949-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624322/000143774924001949/bfbi20240122_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-001949

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