Business First Bancshares Inc (BFST) - Net Assets
Based on the latest financial reports, Business First Bancshares Inc (BFST) has net assets worth $1.01 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.90 Billion) and total liabilities ($7.89 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check strategic asset allocation of Business First Bancshares Inc to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.01 Billion |
| % of Total Assets | 11.33% |
| Annual Growth Rate | 21.54% |
| 5-Year Change | 106.96% |
| 10-Year Change | 689.79% |
| Growth Volatility | 18.67 |
Business First Bancshares Inc - Net Assets Trend (2012–2025)
This chart illustrates how Business First Bancshares Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see BFST market cap.
Annual Net Assets for Business First Bancshares Inc (2012–2025)
The table below shows the annual net assets of Business First Bancshares Inc from 2012 to 2025. Also explore how fast is Business First Bancshares Inc growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $896.88 Million | +12.19% |
| 2024-12-31 | $799.47 Million | +24.09% |
| 2023-12-31 | $644.26 Million | +10.99% |
| 2022-12-31 | $580.48 Million | +33.95% |
| 2021-12-31 | $433.37 Million | +5.71% |
| 2020-12-31 | $409.96 Million | +43.80% |
| 2019-12-31 | $285.10 Million | +9.63% |
| 2018-12-31 | $260.06 Million | +44.53% |
| 2017-12-31 | $179.94 Million | +58.45% |
| 2016-12-31 | $113.56 Million | +0.99% |
| 2015-12-31 | $112.45 Million | +42.62% |
| 2014-12-31 | $78.84 Million | +9.62% |
| 2013-12-31 | $71.92 Million | +1.28% |
| 2012-12-31 | $71.01 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Business First Bancshares Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3925.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $326.57 Million | 36.41% |
| Common Stock | $29.51 Million | 3.29% |
| Other Comprehensive Income | $-33.29 Million | -3.71% |
| Other Components | $574.09 Million | 64.01% |
| Total Equity | $896.88 Million | 100.00% |
Business First Bancshares Inc Competitors by Market Cap
The table below lists competitors of Business First Bancshares Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Plejd AB (publ)
F:3CA
|
$1.01 Billion |
|
BALTIC CLASSIF.GR LS 001
F:983
|
$1.01 Billion |
|
Alkyl Amines Chemicals Limited
NSE:ALKYLAMINE
|
$1.01 Billion |
|
Gallant Micro Machining Co Ltd
TWO:6640
|
$1.01 Billion |
|
Bangkok Life Assurance Public Company Limited
F:XBLA
|
$1.01 Billion |
|
Malion New Materials Co Ltd
SHE:300586
|
$1.01 Billion |
|
Arcos Dorados Holdings Inc
NYSE:ARCO
|
$1.01 Billion |
|
Fujian Yuanli Active Carbon Co Ltd
SHE:300174
|
$1.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Business First Bancshares Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 799,466,000 to 896,883,000, a change of 97,417,000 (12.2%).
- Net income of 87,861,000 contributed positively to equity growth.
- Dividend payments of 22,245,000 reduced retained earnings.
- Share repurchases of 3,731,000 reduced equity.
- Other comprehensive income increased equity by 29,711,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $87.86 Million | +9.8% |
| Dividends Paid | $22.25 Million | -2.48% |
| Share Repurchases | $3.73 Million | -0.42% |
| Other Comprehensive Income | $29.71 Million | +3.31% |
| Other Changes | $5.82 Million | +0.65% |
| Total Change | $- | 12.19% |
Book Value vs Market Value Analysis
This analysis compares Business First Bancshares Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.02x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.40x to 1.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $12.90 | $30.97 | x |
| 2013-12-31 | $13.06 | $30.97 | x |
| 2014-12-31 | $14.06 | $30.97 | x |
| 2015-12-31 | $15.98 | $30.97 | x |
| 2016-12-31 | $16.42 | $30.97 | x |
| 2017-12-31 | $15.60 | $30.97 | x |
| 2018-12-31 | $22.52 | $30.97 | x |
| 2019-12-31 | $20.85 | $30.97 | x |
| 2020-12-31 | $22.47 | $30.97 | x |
| 2021-12-31 | $21.00 | $30.97 | x |
| 2022-12-31 | $25.44 | $30.97 | x |
| 2023-12-31 | $25.47 | $30.97 | x |
| 2024-12-31 | $30.22 | $30.97 | x |
| 2025-12-31 | $30.24 | $30.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Business First Bancshares Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.80%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.16%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 9.16x
- Recent ROE (9.80%) is above the historical average (7.04%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 5.29% | 16.49% | 0.03x | 9.57x | $-3.35 Million |
| 2013 | 5.92% | 16.58% | 0.04x | 9.51x | $-2.93 Million |
| 2014 | 5.12% | 16.43% | 0.04x | 8.68x | $-3.85 Million |
| 2015 | 3.64% | 9.80% | 0.04x | 9.57x | $-7.15 Million |
| 2016 | 4.50% | 10.46% | 0.04x | 9.74x | $-6.24 Million |
| 2017 | 2.69% | 8.47% | 0.04x | 7.34x | $-13.15 Million |
| 2018 | 5.42% | 16.78% | 0.04x | 8.06x | $-11.91 Million |
| 2019 | 8.34% | 21.11% | 0.05x | 7.98x | $-4.74 Million |
| 2020 | 7.32% | 17.77% | 0.04x | 10.15x | $-11.00 Million |
| 2021 | 12.03% | 25.67% | 0.04x | 10.91x | $8.80 Million |
| 2022 | 9.35% | 20.55% | 0.04x | 10.32x | $-3.79 Million |
| 2023 | 11.03% | 18.42% | 0.06x | 10.22x | $6.62 Million |
| 2024 | 8.14% | 14.22% | 0.06x | 9.83x | $-14.84 Million |
| 2025 | 9.80% | 17.16% | 0.06x | 9.16x | $-1.83 Million |
Industry Comparison
This section compares Business First Bancshares Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $574,041,500
- Average return on equity (ROE) among peers: 7.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Business First Bancshares Inc (BFST) | $1.01 Billion | 5.29% | 7.83x | $1.01 Billion |
| Ameris Bancorp (ABCB) | $141.98 Million | 7.29% | 7.40x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $804.48 Million | 9.14% | 8.77x | $5.62 Billion |
| ACNB Corporation (ACNB) | $61.12 Million | 12.64% | 7.91x | $656.47 Million |
| Affinity Bancshares Inc (AFBI) | $45.08 Million | 2.57% | 4.16x | $140.18 Million |
| Alerus Financial Corp (ALRS) | $182.82 Million | 9.36% | 8.54x | $822.80 Million |
| Amalgamated Bank (AMAL) | $439.37 Million | 10.16% | 9.66x | $1.27 Billion |
| Amerant Bancorp Inc. (AMTB) | $747.42 Million | 6.13% | 9.87x | $979.96 Million |
| Arrow Financial Corporation (AROW) | $334.39 Million | 12.21% | 10.03x | $708.35 Million |
| Associated Banc-Corp (ASB) | $2.88 Billion | 5.86% | 7.41x | $5.62 Billion |
| AmeriServ Financial Inc (ASRV) | $107.25 Million | 3.36% | 12.26x | $78.95 Million |
About Business First Bancshares Inc
Business First Bancshares, Inc. operates as the bank holding company for b1BANK that provides various banking products and services in Louisiana and Texas. It offers various deposit products and services, including checking and savings, time, and money market accounts; and certificates of deposits, remote deposit capture, and direct deposit services. The company also provides commercial and indus… Read more