Stock Analysis

Business First Bancshares Second Quarter 2024 Earnings: Beats Expectations

Simply Wall St

Published July 31, 2024

Business First Bancshares (NASDAQ:BFST) Second Quarter 2024 Results

Key Financial Results

Revenue: US$64.9m (up 1.7% from 2Q 2023).
Net income: US$15.9m (down 14% from 2Q 2023).
Profit margin: 24% (down from 29% in 2Q 2023). The decrease in margin was driven by higher expenses.
EPS: US$0.63 (down from US$0.73 in 2Q 2023).

NasdaqGS:BFST Earnings and Revenue Growth July 31st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Business First Bancshares Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 2.3% from a week ago.

Valuation

Our analysis of Business First Bancshares based on 6 different valuation metrics shows it might be undervalued. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

Valuation is complex, but we're here to simplify it.

Discover if Business First Bancshares might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

Access Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com