BFST FY 2022 Earnings Report — Business First Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

Business First Bancshares, Inc.BFST

FY 2022 Earnings

Reported March 2, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$264M	—	$203M	—	30.0%
Op. Income	$69M	—	$65M	—	6.2%
Gross Margin	82.0%	—	87.9%	—	-5.8pp
Net Margin	20.5%	—	25.7%	—	-5.1pp
EPS (Diluted)	$2.32	—	$2.53	—	-8.3%
Free Cash Flow	$62M	—	$52M	—	17.8%

Revenue Flow

Item	Amount
REVENUE	$264M
Cost of Revenue	$47M
GROSS PROFIT	$217M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$88M
SG&A Expenses	$92M
Other Expenses	$56M
Operating Expenses	$148M
Cost & Expenses	$195M
OPERATING INCOME	$69M
Interest Income	$236M
Interest Expense	$37M
Other Income/Expenses	$0
INCOME BEFORE TAX	$69M
Income Tax Expense	$14M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53M
D&A	$5M
EBIT	$69M
EBITDA	$73M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$264M
Cost of Revenue	$47M
GROSS PROFIT	$217M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$88M
SG&A Expenses	$92M
Other Expenses	$56M
Operating Expenses	$148M
Cost & Expenses	$195M
OPERATING INCOME	$69M
Interest Income	$236M
Interest Expense	$37M
Other Income/Expenses	$0
INCOME BEFORE TAX	$69M
Income Tax Expense	$14M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53M
D&A	$5M
EBIT	$69M
EBITDA	$73M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$54M
Depreciation & Amortization	$5M
Stock-Based Compensation	$4M
Deferred Income Tax	-$1M
Other Non-Cash Items	$5M
Change in Working Capital	$3M
OPERATING CASH FLOW	$70M
Capital Expenditure	-$8M
Acquisitions (Net)	$163M
Purchases of Investments	-$125M
Sales/Maturities of Investments	$144M
Other Investing Activities	-$875M
NET CASH FROM INVESTING	-$701M
Net Debt Issuance	$327M
Common Stock Repurchased	$0
Common Dividends Paid	-$11M
Other Financing Activities	$280M
NET CASH FROM FINANCING	$715M
FREE CASH FLOW	$62M
Net Change in Cash	$84M

Balance Sheet

Item	Amount
Cash & Equivalents	$153M
Short-Term Investments	$891M
Net Receivables	$26M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$63M
Goodwill	$89M
Intangible Assets	$14M
Long-Term Investments	$4.6B
Tax Assets	$31M
Other Non-Current Assets	$119M
TOTAL NON-CURRENT ASSETS	$4.9B
TOTAL ASSETS	$6.0B
Account Payables	$2M
Short-Term Debt	$34M
Deferred Revenue	$0
Other Current Liabilities	$4.8B
TOTAL CURRENT LIABILITIES	$4.9B
Long-Term Debt	$526M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$27M
TOTAL NON-CURRENT LIABILITIES	$553M
TOTAL LIABILITIES	$5.4B
Common Stock	$25M
Additional Paid-In Capital	$394M
Retained Earnings	$164M
Treasury Stock	$0
Accum. Other Comp. Income	-$74M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$580M
Minority Interest	$0
TOTAL EQUITY	$580M
TOTAL LIABILITIES & EQUITY	$6.0B
Total Debt	$560M
Net Debt	$407M