Q2 Net Income Rises to $22.8M, NIM Expands 8bps to 3.73%
BFST sits 35% above its 52-week low of $22.56.
Summary
Business First Bancshares reported Q2 2026 net income of $22.8 million, or $0.70 per diluted share, up $0.6 million from the linked quarter. Core net income was $23.3 million, or $0.71 per share, down slightly on a non-GAAP basis. Net interest margin expanded 8 basis points to 3.73%, driven by improved loan yields and deposit cost management. The company completed the sale of $100.3 million in lower-yielding acquired loans and repurchased 176,849 shares for $4.8 million. Tangible book value per share rose to $23.61, and capital ratios strengthened. The board declared a $0.15 quarterly common dividend, and management cited a strong pipeline and the upcoming Progressive acquisition integration as catalysts for the second half.
At the time of this announcement, BFST was trading at $30.47 on NASDAQ in the Finance sector, with a market capitalization of approximately $995.7M. The 52-week trading range was $22.56 to $31.57. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.