<p>Business First Bancshares 最近的財報電話會議呈現出總體積極的前景，強調了多個成就，如盈利改善、運營成功和股息增加。儘管面臨一些挑戰，包括總貸款下降和由於政府停擺可能導致的 SBA 貸款銷售延遲，但整體情緒仍然積極，亮點略微超過了低點。</p>
<h2>逐步提高的優質盈利</h2>
<p>公司展示了逐步提高的優質盈利，主要得益於強有力的費用控制。這一點在公司連續三個季度基本保持平穩的核心非利息費用中得以體現，展示了有效的財務管理。</p>
<h2>運營卓越</h2>
<p>Business First Bancshares 成功將整個核心銀行和 Oakwood Bank 轉換為新的處理系統，反映了其強大的運營能力。這一轉換證明了公司順利管理複雜過渡的能力。</p>
<h2>對應銀行業務的增長</h2>
<p>對應銀行業務部門預計今年將產生超過 1700 萬美元的收入，為淨收入貢獻約 500 萬美元。這一增長突顯了該部門在公司財務表現中的重要作用。</p>
<h2>股息增加</h2>
<p>公司宣佈將季度普通股股息增加 0.01 美元，標誌着連續第九年增加股息。這一決定強調了公司對回饋股東價值的承諾。</p>
<h2>減少 FHLB 借款</h2>
<p>Business First Bancshares 將其 FHLB 借款從上個季度減少了 1.255 億美元。這一有意識的決定反映了公司減少過度借款和謹慎管理資產負債表的戰略。</p>
<h2>積極的貸款收益和存款增長</h2>
<p>公司報告的核心貸款收益率為 6.94%，不包括貸款折扣攤銷，自 2025 年 3 月 31 日以來，非利息存款淨增長為 5820 萬美元。這代表了約 9% 的年化增長，表明在這些領域的強勁表現。</p>
<h2>投資貸款總額下降</h2>
<p>投資貸款總額下降了 2660 萬美元，按環比年化計算下降 1.7%。這一下降歸因於償還額上升，超過了新貸款的產生。</p>
<h2>政府停擺對 SBA 貸款銷售的影響</h2>
<p>由於政府停擺，SBA 貸款銷售的潛在延遲可能會將收入推遲到 2026 年第一季度。這一不確定性給公司的短期收入預期帶來了挑戰。</p>
<h2>非利息存款減少</h2>
<p>公司經歷了非利息存款淨減少 4415 萬美元，主要由於大額臨時存款流出。這一下降突顯了維持存款水平的挑戰。</p>
<h2>核心淨利差略微下降</h2>
<p>非 GAAP 核心淨利差在截至 9 月 30 日的季度中略微下降 1 個基點，從 3.64% 降至 3.63%。這一小幅下降表明利差環境穩定。</p>
<h2>前瞻性指導</h2>
<p>在 2025 年第三季度，Business First Bancshares 報告 GAAP 淨收入為 2150 萬美元，摺合每股 0.73 美元。公司實現了 1.06% 的核心平均資產回報率 (ROAA) 和 60.45% 的核心效率比率。儘管由於償還額上升導致總貸款減少，但存款增加了 8720 萬美元。公司預計將進一步提高效率和資本槓桿，預計到 2026 年第四季度末核心 ROAA 將達到 1.2%。</p>
<p>總之，Business First Bancshares 的財報電話會議反映出積極的情緒，在盈利改善、運營卓越和股息增加方面取得了成就。儘管注意到貸款下降和潛在的 SBA 貸款銷售延遲等挑戰，但公司的戰略舉措和前瞻性指導表明了一個充滿希望的前景。</p>

BFST

<p>Business First Bancshares 發佈了積極的財報電話會議，強調了盈利的改善、運營的成功和股息的增加。主要成就包括強有力的費用控制、成功的銀行轉換帶來的運營卓越，以及代理銀行業務的增長。該公司連續第九年提高季度股息，並減少了 FHLB 借款。然而，挑戰包括總貸款的下降以及由於政府停擺可能導致的 SBA 貸款銷售延遲。總體而言，前景依然樂觀，預計將實現效率提升和資本槓桿</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 最近的財報電話會議呈現出總體積極的前景，強調了多個成就，如盈利改善、運營成功和股息增加。儘管面臨一些挑戰，包括總貸款下降和由於政府停擺可能導致的 SBA 貸款銷售延遲，但整體情緒仍然積極，亮點略微超過了低點。</p>
</div><h2>Incremental Quality Earnings Improvement</h2>
<div class="lb-trans"><h2>逐步提高的優質盈利</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優質盈利，主要得益於強有力的費用控制。這一點在公司連續三個季度基本保持平穩的核心非利息費用中得以體現，展示了有效的財務管理。</p>
</div><h2>Operational Excellence</h2>
<div class="lb-trans"><h2>運營卓越</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 成功將整個核心銀行和 Oakwood Bank 轉換為新的處理系統，反映了其強大的運營能力。這一轉換證明了公司順利管理複雜過渡的能力。</p>
</div><h2>Growth in Correspondent Banking Unit</h2>
<div class="lb-trans"><h2>對應銀行業務的增長</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>對應銀行業務部門預計今年將產生超過 1700 萬美元的收入，為淨收入貢獻約 500 萬美元。這一增長突顯了該部門在公司財務表現中的重要作用。</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>公司宣佈將季度普通股股息增加 0.01 美元，標誌着連續第九年增加股息。這一決定強調了公司對回饋股東價值的承諾。</p>
</div><h2>Reduced FHLB Borrowings</h2>
<div class="lb-trans"><h2>減少 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 將其 FHLB 借款從上個季度減少了 1.255 億美元。這一有意識的決定反映了公司減少過度借款和謹慎管理資產負債表的戰略。</p>
</div><h2>Positive Loan Yield and Deposit Growth</h2>
<div class="lb-trans"><h2>積極的貸款收益和存款增長</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>公司報告的核心貸款收益率為 6.94%，不包括貸款折扣攤銷，自 2025 年 3 月 31 日以來，非利息存款淨增長為 5820 萬美元。這代表了約 9% 的年化增長，表明在這些領域的強勁表現。</p>
</div><h2>Decline in Total Loans Held for Investment</h2>
<div class="lb-trans"><h2>投資貸款總額下降</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>投資貸款總額下降了 2660 萬美元，按環比年化計算下降 1.7%。這一下降歸因於償還額上升，超過了新貸款的產生。</p>
</div><h2>Impact of Government Shutdown on SBA Loan Sales</h2>
<div class="lb-trans"><h2>政府停擺對 SBA 貸款銷售的影響</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>由於政府停擺，SBA 貸款銷售的潛在延遲可能會將收入推遲到 2026 年第一季度。這一不確定性給公司的短期收入預期帶來了挑戰。</p>
</div><h2>Decreased Noninterest-Bearing Deposits</h2>
<div class="lb-trans"><h2>非利息存款減少</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>公司經歷了非利息存款淨減少 4415 萬美元，主要由於大額臨時存款流出。這一下降突顯了維持存款水平的挑戰。</p>
</div><h2>Slight Decline in Core Net Interest Margin</h2>
<div class="lb-trans"><h2>核心淨利差略微下降</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 核心淨利差在截至 9 月 30 日的季度中略微下降 1 個基點，從 3.64% 降至 3.63%。這一小幅下降表明利差環境穩定。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指導</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 報告 GAAP 淨收入為 2150 萬美元，摺合每股 0.73 美元。公司實現了 1.06% 的核心平均資產回報率 (ROAA) 和 60.45% 的核心效率比率。儘管由於償還額上升導致總貸款減少，但存款增加了 8720 萬美元。公司預計將進一步提高效率和資本槓桿，預計到 2026 年第四季度末核心 ROAA 將達到 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>總之，Business First Bancshares 的財報電話會議反映出積極的情緒，在盈利改善、運營卓越和股息增加方面取得了成就。儘管注意到貸款下降和潛在的 SBA 貸款銷售延遲等挑戰，但公司的戰略舉措和前瞻性指導表明了一個充滿希望的前景。</p>
</div>

Business First Bancshares 報告了積極的財報電話會議結果