2024-01-29 17:29:48 ET
Summary
- Business First Bancshares reports an encouraging outlook for NIM, but doubts remain due to the evolving macroeconomic scenario.
- Gross loans grew 8.47% from last year, driven by growth in Texas.
- Repricing opportunities could drive BFST's growth in 2024, but NIM improvement depends on Fed interest rate cuts.
Business First Bancshares, Inc. ( BFST ) was founded in 2006 and is based in Baton Rouge, Louisiana. A few days ago there was the release of Q4 2023 and the results were encouraging regarding the outlook for NIM, but some doubts remain related to the evolving macroeconomic scenario. EPS estimates were beaten, but revenues were not:
- Q4 Non-GAAP EPS of $0.66 beat by $0.06.
- Revenue of $60.17M (-6.5% Y/Y) missed by $2.28M.
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For further details see:
Business First Bancshares: TBV Per Share Has Stalled Since 2019