Quarterly ResultJul 23, 2026, 04:07 PM
Business First Q2 Net Income $22.8M, EPS $0.70; Declares Dividends
AI Summary
Business First Bancshares, Inc. announced its Q2 2026 financial results, reporting net income available to common shareholders of $22.8 million, or $0.70 per diluted common share, an increase from the linked quarter. The Board of Directors declared a common dividend of $0.15 per share and a preferred dividend of $18.75 per share. The company highlighted margin expansion, improving asset quality, and a strengthening capital position, alongside the acquisition of American Planning Corporation.
Key Highlights
- Net income available to common shareholders was $22.8 million, up $0.6 million from the linked quarter.
- Diluted common EPS was $0.70, an increase of $0.02 from the linked quarter.
- Common dividend declared at $0.15 per share, payable August 31, 2026.
- Preferred dividend declared at $18.75 per share, payable August 31, 2026.
- Net interest margin expanded 8 basis points to 3.73% for the quarter.
- Repurchased 176,849 shares for $4.8 million at a weighted average price of $27.22.
- Tangible common equity to tangible assets increased from 8.65% to 8.79%.
- Completed the acquisition of American Planning Corporation on June 29, 2026.
Price Impact
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