earnings
confidence high
sentiment positive
materiality 0.75
Business First Bancshares Q2 net income $15.9M, EPS $0.62; NIM expands to 3.45%
Business First Bancshares, Inc.
2024-Q2 EPS reported
$1.10
revenue$4,976,000
- Net income available to common $15.9M ($0.62 diluted); core EPS $0.64, up $0.14 QoQ.
- Net interest margin 3.45% vs 3.32% linked quarter; loan yield 7.07%.
- Loans held for investment grew $74M (5.85% annualized); C&I portfolio up $93.4M.
- Total deposits down $9.1M but noninterest-bearing deposits up $15.2M; brokered deposits reduced $75.1M.
- Quarterly common dividend $0.14/share; also declared preferred dividend $18.75/share; Oakwood acquisition announced April 25.