Business First Bancshares, Inc. (BFST) Financial Statements (2024 and earlier)

Company Profile

Business Address 500 LAUREL STREET
BATON ROUGE, LA 70801
State of Incorp. LA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments152,74068,375149,13189,37196,072107,591
Cash and cash equivalents152,74068,375149,13189,37196,072107,591
Financing receivable, accrued interest, after allowance for credit loss   
Total current assets:152,74068,375149,13189,37196,072107,591
Noncurrent Assets
Operating lease, right-of-use asset    13,200
Property, plant and equipment63,17758,15558,59329,28015,1148,780
Intangible assets, net (including goodwill)102,58572,09763,59655,18957,3738,827
Goodwill88,54359,89453,86248,49549,4886,824
Intangible assets, net (excluding goodwill)14,04212,2039,7346,6947,8852,003
Deferred income tax assets31,1948,8225,8582,145
Total noncurrent assets:196,956139,074128,04799,81472,48717,607
Other undisclosed assets5,640,7644,518,9293,883,1822,084,6501,926,3371,196,058
TOTAL ASSETS:5,990,4604,726,3784,160,3602,273,8352,094,8961,321,256
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt20,20819,12121,82567,98912,229862
Total current liabilities:20,20819,12121,82567,98912,229862
Noncurrent Liabilities
Other undisclosed liabilities5,389,7714,273,8893,728,5721,920,7491,822,6091,140,459
Total liabilities:5,409,9794,293,0103,750,3971,988,7381,834,8381,141,321
Equity
Equity, attributable to parent580,481433,368409,963285,097260,058179,935
Preferred stock71,930     
Common stock25,11020,40020,62113,27913,21310,232
Additional paid in capital393,690292,271299,540212,505212,332144,172
Accumulated other comprehensive income (loss)(74,204)(1,177)10,6282,613(3,469)(1,644)
Retained earnings163,955121,87479,17456,70037,98227,175
Total equity:580,481433,368409,963285,097260,058179,935
TOTAL LIABILITIES AND EQUITY:5,990,4604,726,3784,160,3602,273,8352,094,8961,321,256

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues218,032156,791145,05695,43369,78049,625
Net investment income218,032156,791140,45995,43369,78047,516
Cost of revenue (8,047)(11,435)(2,606)(2,390)(4,237)
Provision for loan, lease, and other losses (8,047)(11,435)(2,606)(2,390)
Financial services costs(4,237)
Gross profit:218,032148,744133,62192,82767,39045,388
Operating expenses(44,216)(33,991)(28,158)(14,941)(15,099)(31,854)
Other operating income, net8,0987,078714656806649
Noninterest income, other operating income20,51218,47411,4746,5674,9623,478
Other expenses (12,414)(11,396)(10,760)(5,911)(4,156)(2,829)
Operating income:181,914121,831106,17778,54253,09714,183
Nonoperating income (expense)
(Investment Income, Nonoperating)
(48)378135106  
Interest and debt expense(36,537)(16,554)(22,109)(23,269)(13,966)(7,229)
Income from continuing operations before equity method investments, income taxes:145,329105,65584,20355,37939,1316,954
Other undisclosed income (loss) from continuing operations before income taxes(76,737)(41,097)(47,421)(25,527)(21,761)1,997
Income from continuing operations before income taxes:68,59264,55836,78229,85217,3708,951
Income tax expense(14,337)(12,422)(6,788)(6,080)(3,279)(4,103)
Income from continuing operations:54,25552,13629,99423,77214,0914,848
Income before gain (loss) on sale of properties:52,13629,99423,77214,0914,848
Net income attributable to parent:54,25552,13629,99423,77214,0914,848
Preferred stock dividends and other adjustments(1,350)     
Other undisclosed net loss available to common stockholders, basic      
Net income available to common stockholders, diluted:52,90552,13629,99423,77214,0914,848

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:54,25552,13629,99423,77214,0914,848
Other comprehensive income (loss)(113,031)(17,745)12,0499,314(2,795) 
Comprehensive income (loss):(58,776)34,39142,04333,08611,2964,848
Other undisclosed comprehensive income (loss), net of tax, attributable to parent40,0045,940(4,034)(3,232)970957
Comprehensive income (loss), net of tax, attributable to parent:(18,772)40,33138,00929,85412,2665,805

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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