Business First Bancshares, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 04:01 pm EDT
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Business First Bancshares, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 53.33 million compared to USD 49.56 million a year ago. Net income was USD 19.74 million compared to USD 13.76 million a year ago. Basic earnings per share from continuing operations was USD 0.73 compared to USD 0.61 a year ago. Diluted earnings per share from continuing operations was USD 0.73 compared to USD 0.61 a year ago.
For the six months, net interest income was USD 106.08 million compared to USD 90.04 million a year ago. Net income was USD 34.76 million compared to USD 22.49 million a year ago. Basic earnings per share from continuing operations was USD 1.28 compared to USD 1.03 a year ago. Diluted earnings per share from continuing operations was USD 1.27 compared to USD 1.03 a year ago.
Business First Bancshares, Inc. is a financial holding company. The Company operates through its banking subsidiary, b1BANK (the Bank). The Bank is a Louisiana state banking association and community-based financial institution that offers a range of banking products and services. It operates throughout the state of Louisiana, in the Dallas/Fort Worth metroplex and Houston, from a network of banking centers and loan production offices. It offers checking, savings and money market accounts, certificates of deposit, commercial and consumer loans, mortgage loans, real estate loans, and other installment and term loans. In addition, it offers its customers wealth management products, drive-through banking facilities, automated teller machines, night depository, credit cards, Internet banking, electronic funds transfers through ACH services, domestic and foreign wire transfers, travelerâs checks, cash management, vault services, loan and deposit sweep accounts, and lock box services.