Business First Bancshares (BFST) financial statements
Business First Bancshares reported revenue of $11M in fiscal 2025, up 20.3% a year over 9 years.
Net income was $88M.
Free cash flow was $92M, and the company returned $17M in dividends and $4M in net buybacks.
The diluted share count rose 304% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Business First Bancshares's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2M | $2M | $3M | $4M | $5M | $7M | $8M | $10M | $11M | $11M |
| Interest expense | $6M | $7M | $14M | $23M | $22M | $17M | $37M | $138M | — | — |
| Pre-tax income | $7M | $9M | $17M | $30M | $37M | $65M | $69M | $91M | $83M | $110M |
| Income tax | $2M | $4M | $3M | $6M | $7M | $12M | $14M | $20M | $18M | $22M |
| Net income | $5M | $5M | $14M | $24M | $30M | $52M | $54M | $71M | $65M | $88M |
| EPS (diluted) | $0.70 | $0.61 | $1.22 | $1.74 | $1.64 | $2.53 | $2.32 | $2.59 | $2.26 | $2.79 |
| Diluted shares | 7M | 8M | 12M | 14M | 18M | 21M | 23M | 25M | 26M | 30M |
| Net margin | 251.4% | 229.9% | 501.5% | 589.1% | 559.8% | 765.2% | 655.9% | 732.1% | 615.6% | 820.8% |
Balance sheet
Fiscal years, from Business First Bancshares's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $42M | $108M | $96M | $89M | $149M | $68M | $153M | $226M | $319M | $411M |
| Property, plant and equipment | $9M | $9M | $15M | $29M | $59M | $58M | $63M | $69M | $82M | $74M |
| Goodwill | $7M | $7M | $49M | $48M | $54M | $60M | $89M | $88M | $122M | $121M |
| Total assets | $1.1B | $1.3B | $2.1B | $2.3B | $4.2B | $4.7B | $6.0B | $6.6B | $7.9B | $8.2B |
| Total liabilities | $992M | $1.1B | $1.8B | $2.0B | $3.8B | $4.3B | $5.4B | $5.9B | $7.1B | $7.3B |
| Shareholders' equity | $114M | $180M | $260M | $285M | $410M | $433M | $580M | $644M | $799M | $897M |
| Net debt | -$42M | -$108M | -$96M | -$89M | -$149M | -$68M | -$153M | -$226M | -$319M | -$411M |
Cash flow
Fiscal years, from Business First Bancshares's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $8M | $8M | $19M | $24M | $29M | $56M | $70M | $91M | $61M | $92M |
| Capital spending | $1M | $505,000 | $919,000 | $4M | $3M | $4M | $8M | $12M | $2M | $66,000 |
| Free cash flow | $7M | $7M | $18M | $20M | $26M | $52M | $62M | $79M | $60M | $92M |
| Stock-based compensation | $456,000 | -$59,000 | $1M | $1M | $2M | $3M | $4M | $4M | $3M | $6M |
| Dividends paid | $1M | $2M | $3M | $5M | $8M | $9M | $11M | $13M | $15M | $17M |
| Share buybacks (net) | -$863,000 | -$33,000 | $0 | -$3M | -$6M | -$11M | $0 | $0 | $0 | -$4M |
| Net borrowing | $862,000 | — | -$862,000 | — | — | — | — | — | — | — |
| Free cash flow margin | 332.5% | 353.9% | 653.3% | 507.0% | 492.1% | 770.2% | 747.1% | 817.4% | 565.8% | 859.7% |
| Dividends per share | $0.14 | $0.22 | $0.28 | $0.37 | $0.41 | $0.46 | $0.47 | $0.50 | $0.56 | $0.57 |
Questions
What was Business First Bancshares's revenue in 2025?
$11M in fiscal 2025, from its 10-K filing.
How much free cash flow does Business First Bancshares generate?
$92M in fiscal 2025 (operating cash flow minus capital spending).
From Business First Bancshares's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.