Business First Bancshares' Q2 adjusted EPS edges past  estimates

Business First Bancshares

28/07/2025 13:34

Overview

Business First Q2 adjusted EPS beats analyst expectations, per LSEG data

Company announces acquisition of Progressive Bancorp, expanding footprint

Business First completes core conversion, enhancing operational efficiency

Outlook

Business First plans Oakwood franchise conversion late in Q3 2025

Company aims to strengthen Dallas market position post-conversion

Business First expects growth from Progressive Bancorp acquisition

Company sees continued growth and development in coming quarters

Result Drivers

CORE CONVERSION - Successful conversion to Fidelity Information Systems improved capabilities and efficiencies

BRANCH SALE - Sale of Kaplan branch resulted in $3.4 mln capital injection and reduced operating costs

STABLE NIM - Net interest margin stable despite impacts from core conversion and Kaplan deposit sale

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$0.66
$0.64 (5 Analysts)
Q2 EPS
$0.7
Q2 Adjusted Net Income
$19.50 mln
Q2 Net Income
$20.80 mln
Q2 Net Interest Income
$67 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Business First Bancshares Inc is $30.50, about 16.7% above its July 25 closing price of $25.40

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNX82ZhmT

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)