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Earnings transcript
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BFST
Business First Bancshares, Inc.
$31.31
0.18
(0.58%)
| Exchange: | NASDAQ |
| Market Cap: | 1.019B |
| Shares Outstanding: | 5.546M |
Delayed data
About The Company
| Sector: | Financial ServicesView sector performance | |||||
| Industry: | Banks – RegionalView industry performance | |||||
| CEO: | David R. Melville | |||||
| Full Time Employees: | 832 | |||||
| Address: |
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| Website: | https://www.b1bank.com |
Business First Bancshares, Inc. (BFST) serves as the bank holding company for b1BANK, delivering an extensive array of banking products and financial services. Its deposit offerings include checking, demand, money market, time, and savings accounts, alongside certificates of deposit, and modern conveniences such as remote and direct deposit capabilities. The company provides a diverse portfolio of lending solutions. These include commercial and industrial loans for working capital, equipment financing, asset acquisition, expansion, and development, featuring lines of credit, letters of credit, term loans, and borrowing base facilities. BFST also finances construction and development projects, commercial real estate, and residential properties, offering first and second lien mortgages for 1-4 family homes, plus home equity lines of credit. Consumer loan options span both secured and unsecured installment and term arrangements. Beyond traditional banking, BFST offers wealth management services, encompassing mutual funds, annuities, individual retirement accounts (IRAs), other investment products, fiduciary services, and private banking solutions. A wide range of additional financial tools are available, including debit and credit cards, comprehensive treasury and cash management services (such as merchant services, automated clearing house (ACH), lock-box, receivables factoring, and correspondent banking), and employee and payroll benefits solutions. Customer access points feature drive-through facilities, ATMs, night depositories, personalized checks, electronic funds transfer (EFT), domestic and international wire transfers, traveler’s checks, vault services, sweep accounts, and robust online and mobile banking platforms, e-statements, and bank-by-mail services. As of March 1, 2022, Business First Bancshares operated approximately 48 full-service banking centers and three loan production offices across Louisiana, and in the Dallas and Houston metropolitan areas. The company was founded in 2006 and is headquartered in Baton Rouge, Louisiana.
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Revenue Segmentation
BFST full analysis
Welcome to MARKETSNAP’s SWOT analysis for Business First Bancshares, also known by its ticker BFST. If you’re a long-term investor looking to build wealth, you’re in the right place. Today, we’re diving deep into this regional banking player to uncover what makes it tick, what’s holding it back, and where it could be headed in the years to come. Let’s break it down with a quick overview, some recent developments, and then get into the meat of our SWOT analysis.…
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
| BFST | Business First Bancshares, Inc. | 1.0B | 10.8 | 10.4 | 0.5% |
 MBWM | Mercantile Bank Corporation | 1.0B | 10.2 | 10.5 | -2.4% |
 MCBS | MetroCity Bankshares, Inc. | 1.0B | 11.7 | 10.8 | 17.2% |
 CCNE | CNB Financial Corporation | 1.0B | 10.6 | 9.6 | 1.0% |
 CFFN | Capitol Federal Financial, Inc. | 1.0B | 12.9 | 11.8 | 0.9% |
 HBNC | Horizon Bancorp, Inc. | 999.2M | — | 9.1 | -12.3% |
EPS
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Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 385,620 | 457,749 | 511,925 |
| Gross Profit | 242,939 | 259,495 | 311,857 |
| EBITDA | 95,256 | 88,308 | 119,087 |
| Operating Income | 90,586 | 83,094 | 113,407 |
| Net Income | 71,043 | 65,107 | 87,861 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 6,584,550 | 7,857,090 | 8,214,740 |
| Total Liabilities | 5,940,291 | 7,057,624 | 7,317,857 |
| Total Stockholders Equity | 644,259 | 799,466 | 896,883 |
| Total Debt | 635,073 | 483,256 | 551,352 |
| Cash and Cash Equivalents | 226,110 | 319,098 | 411,175 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 92,427 | 61,402 | 92,083 |
| Capital Expenditure | -11,648 | -1,562 | 0 |
| Free Cash Flow | 80,779 | 59,840 | 92,083 |
| Net Income | 71,043 | 65,107 | 87,861 |
| Net Change in Cash | 73,370 | 92,988 | -3,151 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 411,389.766 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 416,438.830 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 414,255 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 133,283.070 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 135,316.543 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 134,299.806 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 100,807.664 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 102,419.502 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 101,613.583 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 119,252.200 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 120,715.805 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 120,082.764 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 3.430 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 3.450 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 3.400 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 1 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Financial Performance: Business First Bancshares reported strong third-quarter results for 2025, with key financial metrics such as revenue, net income, and operating income showing positive trends as highlighted in the Q3 2025 earnings call summary. This indicates effective operational management and profitability.
- Positive Free Cash Flow: Analysis of cash flow statements reveals consistent free cash flow generation, supported by robust operating cash flow figures. This financial stability provides flexibility for reinvestment or debt management.
- Strategic Growth Initiatives: The earnings call emphasized successful integration of recent acquisitions and operational improvements, positioning the company for sustained growth within its sector.
- Competitive Valuation Metrics: Current price-to-earnings (P/E) ratio and forward P/E estimates suggest BFST is reasonably valued compared to industry averages, as per the forward P/E ratios and industry data, potentially attracting value-focused investors.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates BFST intrinsic value between $7.64 – $16.81 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about BFST valuation
Is Business First Bancshares, Inc. (BFST) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Business First Bancshares, Inc. (BFST) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is BFST a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether BFST trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is BFST’s P/E ratio?
You can see BFST’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for BFST?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is BFST a good long-term investment?
Whether BFST fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
BFST
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Daily snapshot
0.58
Trading Metrics:
| Open: | 31.58 | Previous Close: | 31.13 | |
| Day Low: | 31.25 | Day High: | 31.64 | |
| Year Low: | 22.78 | Year High: | 32.53 | |
| Price Avg 50: | 31.14 | Price Avg 200: | 29.06 | |
| Volume: | 155909 | Average Volume: | 238488 |
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