<p>Business First Bancshares 最近的财报电话会议呈现出总体积极的前景，强调了多个成就，如盈利改善、运营成功和股息增加。尽管面临一些挑战，包括总贷款下降和由于政府停摆可能导致的 SBA 贷款销售延迟，但整体情绪仍然积极，亮点略微超过了低点。</p>
<h2>逐步提高的优质盈利</h2>
<p>公司展示了逐步提高的优质盈利，主要得益于强有力的费用控制。这一点在公司连续三个季度基本保持平稳的核心非利息费用中得以体现，展示了有效的财务管理。</p>
<h2>运营卓越</h2>
<p>Business First Bancshares 成功将整个核心银行和 Oakwood Bank 转换为新的处理系统，反映了其强大的运营能力。这一转换证明了公司顺利管理复杂过渡的能力。</p>
<h2>对应银行业务的增长</h2>
<p>对应银行业务部门预计今年将产生超过 1700 万美元的收入，为净收入贡献约 500 万美元。这一增长突显了该部门在公司财务表现中的重要作用。</p>
<h2>股息增加</h2>
<p>公司宣布将季度普通股股息增加 0.01 美元，标志着连续第九年增加股息。这一决定强调了公司对回馈股东价值的承诺。</p>
<h2>减少 FHLB 借款</h2>
<p>Business First Bancshares 将其 FHLB 借款从上个季度减少了 1.255 亿美元。这一有意识的决定反映了公司减少过度借款和谨慎管理资产负债表的战略。</p>
<h2>积极的贷款收益和存款增长</h2>
<p>公司报告的核心贷款收益率为 6.94%，不包括贷款折扣摊销，自 2025 年 3 月 31 日以来，非利息存款净增长为 5820 万美元。这代表了约 9% 的年化增长，表明在这些领域的强劲表现。</p>
<h2>投资贷款总额下降</h2>
<p>投资贷款总额下降了 2660 万美元，按环比年化计算下降 1.7%。这一下降归因于偿还额上升，超过了新贷款的产生。</p>
<h2>政府停摆对 SBA 贷款销售的影响</h2>
<p>由于政府停摆，SBA 贷款销售的潜在延迟可能会将收入推迟到 2026 年第一季度。这一不确定性给公司的短期收入预期带来了挑战。</p>
<h2>非利息存款减少</h2>
<p>公司经历了非利息存款净减少 4415 万美元，主要由于大额临时存款流出。这一下降突显了维持存款水平的挑战。</p>
<h2>核心净利差略微下降</h2>
<p>非 GAAP 核心净利差在截至 9 月 30 日的季度中略微下降 1 个基点，从 3.64% 降至 3.63%。这一小幅下降表明利差环境稳定。</p>
<h2>前瞻性指导</h2>
<p>在 2025 年第三季度，Business First Bancshares 报告 GAAP 净收入为 2150 万美元，折合每股 0.73 美元。公司实现了 1.06% 的核心平均资产回报率 (ROAA) 和 60.45% 的核心效率比率。尽管由于偿还额上升导致总贷款减少，但存款增加了 8720 万美元。公司预计将进一步提高效率和资本杠杆，预计到 2026 年第四季度末核心 ROAA 将达到 1.2%。</p>
<p>总之，Business First Bancshares 的财报电话会议反映出积极的情绪，在盈利改善、运营卓越和股息增加方面取得了成就。尽管注意到贷款下降和潜在的 SBA 贷款销售延迟等挑战，但公司的战略举措和前瞻性指导表明了一个充满希望的前景。</p>

BFST

<p>Business First Bancshares 发布了积极的财报电话会议，强调了盈利的改善、运营的成功和股息的增加。主要成就包括强有力的费用控制、成功的银行转换带来的运营卓越，以及代理银行业务的增长。该公司连续第九年提高季度股息，并减少了 FHLB 借款。然而，挑战包括总贷款的下降以及由于政府停摆可能导致的 SBA 贷款销售延迟。总体而言，前景依然乐观，预计将实现效率提升和资本杠杆</p>

<p>The recent earnings call for Business First Bancshares presented a generally positive outlook, highlighting several achievements such as improved earnings, operational successes, and increased dividends. Despite some challenges, including a decline in total loans and potential delays in SBA loan sales due to the government shutdown, the overall sentiment was positive, with highlights slightly outweighing the lowlights.</p>
<div class="lb-trans"><p>Business First Bancshares 最近的财报电话会议呈现出总体积极的前景，强调了多个成就，如盈利改善、运营成功和股息增加。尽管面临一些挑战，包括总贷款下降和由于政府停摆可能导致的 SBA 贷款销售延迟，但整体情绪仍然积极，亮点略微超过了低点。</p>
</div><h2>Incremental Quality Earnings Improvement</h2>
<div class="lb-trans"><h2>逐步提高的优质盈利</h2>
</div><p>The company demonstrated incremental quality earnings improvement, primarily driven by strong expense control. This was evident as the company maintained essentially flat core noninterest expenses for three consecutive quarters, showcasing effective financial management.</p>
<div class="lb-trans"><p>公司展示了逐步提高的优质盈利，主要得益于强有力的费用控制。这一点在公司连续三个季度基本保持平稳的核心非利息费用中得以体现，展示了有效的财务管理。</p>
</div><h2>Operational Excellence</h2>
<div class="lb-trans"><h2>运营卓越</h2>
</div><p>Business First Bancshares successfully converted the entire core bank and Oakwood Bank to a new processor, reflecting their strong operational capabilities. This conversion is a testament to the company’s ability to manage complex transitions smoothly.</p>
<div class="lb-trans"><p>Business First Bancshares 成功将整个核心银行和 Oakwood Bank 转换为新的处理系统，反映了其强大的运营能力。这一转换证明了公司顺利管理复杂过渡的能力。</p>
</div><h2>Growth in Correspondent Banking Unit</h2>
<div class="lb-trans"><h2>对应银行业务的增长</h2>
</div><p>The correspondent banking unit is on track to generate over $17 million in revenue this year, contributing approximately $5 million towards net income. This growth highlights the unit’s significant role in the company’s financial performance.</p>
<div class="lb-trans"><p>对应银行业务部门预计今年将产生超过 1700 万美元的收入，为净收入贡献约 500 万美元。这一增长突显了该部门在公司财务表现中的重要作用。</p>
</div><h2>Increased Dividend</h2>
<div class="lb-trans"><h2>股息增加</h2>
</div><p>The company announced an increase in the quarterly common stock dividend by $0.01, marking the ninth consecutive year of dividend increases. This decision underscores the company’s commitment to returning value to its shareholders.</p>
<div class="lb-trans"><p>公司宣布将季度普通股股息增加 0.01 美元，标志着连续第九年增加股息。这一决定强调了公司对回馈股东价值的承诺。</p>
</div><h2>Reduced FHLB Borrowings</h2>
<div class="lb-trans"><h2>减少 FHLB 借款</h2>
</div><p>Business First Bancshares reduced its FHLB borrowings by $125.5 million from the prior quarter. This deliberate decision reflects the company’s strategy to decrease excess borrowings and manage its balance sheet prudently.</p>
<div class="lb-trans"><p>Business First Bancshares 将其 FHLB 借款从上个季度减少了 1.255 亿美元。这一有意识的决定反映了公司减少过度借款和谨慎管理资产负债表的战略。</p>
</div><h2>Positive Loan Yield and Deposit Growth</h2>
<div class="lb-trans"><h2>积极的贷款收益和存款增长</h2>
</div><p>The company reported a core loan yield of 6.94%, excluding loan discount accretion, and a net growth in noninterest-bearing deposits of $58.2 million since March 31, 2025. This represents approximately 9% annualized growth, indicating strong performance in these areas.</p>
<div class="lb-trans"><p>公司报告的核心贷款收益率为 6.94%，不包括贷款折扣摊销，自 2025 年 3 月 31 日以来，非利息存款净增长为 5820 万美元。这代表了约 9% 的年化增长，表明在这些领域的强劲表现。</p>
</div><h2>Decline in Total Loans Held for Investment</h2>
<div class="lb-trans"><h2>投资贷款总额下降</h2>
</div><p>Total loans held for investment declined by $26.6 million or 1.7% annualized on a linked-quarter basis. This decline was attributed to elevated paydowns, which outpaced new loan production.</p>
<div class="lb-trans"><p>投资贷款总额下降了 2660 万美元，按环比年化计算下降 1.7%。这一下降归因于偿还额上升，超过了新贷款的产生。</p>
</div><h2>Impact of Government Shutdown on SBA Loan Sales</h2>
<div class="lb-trans"><h2>政府停摆对 SBA 贷款销售的影响</h2>
</div><p>The potential delays in SBA loan sales due to the government shutdown could postpone revenue into the first quarter of 2026. This uncertainty presents a challenge for the company’s short-term revenue expectations.</p>
<div class="lb-trans"><p>由于政府停摆，SBA 贷款销售的潜在延迟可能会将收入推迟到 2026 年第一季度。这一不确定性给公司的短期收入预期带来了挑战。</p>
</div><h2>Decreased Noninterest-Bearing Deposits</h2>
<div class="lb-trans"><h2>非利息存款减少</h2>
</div><p>The company experienced a net decrease in noninterest-bearing deposits of $44.15 million from the prior quarter, primarily due to a large temporary deposit outflow. This decrease highlights a challenge in maintaining deposit levels.</p>
<div class="lb-trans"><p>公司经历了非利息存款净减少 4415 万美元，主要由于大额临时存款流出。这一下降突显了维持存款水平的挑战。</p>
</div><h2>Slight Decline in Core Net Interest Margin</h2>
<div class="lb-trans"><h2>核心净利差略微下降</h2>
</div><p>The non-GAAP core net interest margin experienced a slight decline of 1 basis point, from 3.64% to 3.63% for the quarter ended September 30. This minor decline indicates a stable interest margin environment.</p>
<div class="lb-trans"><p>非 GAAP 核心净利差在截至 9 月 30 日的季度中略微下降 1 个基点，从 3.64% 降至 3.63%。这一小幅下降表明利差环境稳定。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>In the third quarter of 2025, Business First Bancshares reported a GAAP net income of $21.5 million, translating to $0.73 per share. The company achieved a core return on average assets (ROAA) of 1.06% and a core efficiency ratio of 60.45%. Despite a decrease in total loans due to elevated paydowns, deposits increased by $87.2 million. The company anticipates further efficiency gains and capital leverage, projecting a 1.2% core ROAA by the end of the fourth quarter of 2026.</p>
<div class="lb-trans"><p>在 2025 年第三季度，Business First Bancshares 报告 GAAP 净收入为 2150 万美元，折合每股 0.73 美元。公司实现了 1.06% 的核心平均资产回报率 (ROAA) 和 60.45% 的核心效率比率。尽管由于偿还额上升导致总贷款减少，但存款增加了 8720 万美元。公司预计将进一步提高效率和资本杠杆，预计到 2026 年第四季度末核心 ROAA 将达到 1.2%。</p>
</div><p>In conclusion, the earnings call for Business First Bancshares reflected a positive sentiment, with achievements in earnings improvement, operational excellence, and dividend increases. While challenges such as loan declines and potential SBA loan sale delays were noted, the company’s strategic initiatives and forward-looking guidance suggest a promising outlook.</p>
<div class="lb-trans"><p>总之，Business First Bancshares 的财报电话会议反映出积极的情绪，在盈利改善、运营卓越和股息增加方面取得了成就。尽管注意到贷款下降和潜在的 SBA 贷款销售延迟等挑战，但公司的战略举措和前瞻性指导表明了一个充满希望的前景。</p>
</div>

Business First Bancshares 报告了积极的财报电话会议结果