Demonstrações financeiras detalhadas de Business First Bancshares, Inc. (BFST): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Business First Bancshares, Inc. registou receitas de $511.9M no último exercício, com um CAGR de 5 anos de 24.8%. O lucro líquido atingiu $87.9M, com CAGR de 5 anos de 24.0%.
Margens dos últimos 12 meses: margem bruta 56.4%, margem operacional 13.1%, margem líquida 20.4%. O fluxo de caixa livre cresceu a CAGR de 28.4% em 5 anos.
Ao preço atual de $30.97, BFST negocia a um P/L de 11.17 e um ROE de 9.85%. A capitalização de mercado é de $1.0B.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $48.8M | $57.2M | $84.0M | $112.6M | $168.8M | $203.1M | $264.1M | $385.6M | $457.7M | $511.9M |
| Custo da Receita | $7.0M | $11.5M | $16.4M | $25.9M | $33.5M | $24.6M | $47.4M | $142.7M | $198.3M | $200.1M |
| Lucro Bruto | $41.8M | $45.8M | $67.6M | $86.7M | $135.2M | $178.5M | $216.7M | $242.9M | $259.5M | $311.9M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $22.9M | $24.9M | $31.4M | $39.6M | $65.7M | $70.4M | $91.8M | $98.3M | $111.9M | $130.8M |
| Despesas Operacionais | $35.1M | $36.8M | $50.2M | $56.9M | $98.5M | $114.0M | $148.1M | $152.4M | $176.4M | $198.4M |
| Lucro Operacional | $6.7M | $9.0M | $17.4M | $29.9M | $36.8M | $64.6M | $68.6M | $90.6M | $83.1M | $113.4M |
| EBITDA | $8.0M | $10.1M | $18.5M | $31.4M | $39.9M | $68.7M | $73.4M | $95.3M | $88.3M | $119.1M |
| Despesas com Juros | $5.8M | $7.2M | $14.0M | $23.3M | $22.1M | $16.6M | $36.5M | $138.2M | $187.4M | $191.8M |
| Lucro Antes de Impostos | $6.7M | $9.0M | $17.4M | $29.9M | $36.8M | $64.6M | $68.6M | $90.6M | $83.1M | $110.3M |
| Imposto | $1.6M | $4.1M | $3.3M | $6.1M | $6.8M | $12.4M | $14.3M | $19.5M | $17.9M | $22.4M |
| Lucro Líquido | $5.1M | $4.8M | $14.1M | $23.8M | $30.0M | $52.1M | $54.3M | $71.0M | $65.1M | $87.9M |
| LPA | $0.74 | $0.70 | $1.27 | $1.79 | $1.65 | $2.54 | $2.34 | $2.62 | $2.27 | $2.79 |
| LPA Diluído | $0.74 | $0.70 | $1.22 | $1.74 | $1.64 | $2.53 | $2.32 | $2.59 | $2.26 | $2.78 |
| Ações em Circulação (Diluídas) | $6.9M | $11.5M | $11.5M | $13.7M | $18.2M | $20.6M | $22.8M | $25.3M | $26.5M | $29.7M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $130.2M | $130.0M | $133.8M | $61.2M |
| Lucro Bruto | $77.6M | $83.1M | $84.2M | $11.7M |
| Lucro Operacional | $28.9M | $30.7M | $29.5M | -$29.5M |
| EBITDA | $30.3M | $32.1M | $31.1M | -$31.1M |
| Lucro Líquido | $22.9M | $22.4M | $23.6M | $24.2M |
| LPA | $0.73 | $0.71 | $0.68 | $0.70 |
| LPA Diluído | $0.73 | $0.71 | $0.68 | $0.70 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $42.2M | $107.6M | $96.1M | $89.4M | $149.1M | $68.4M | $152.7M | $226.1M | $319.1M | $411.2M |
| Investimentos de Curto Prazo | $198.3M | $179.1M | $309.5M | $278.2M | $640.6M | $1.02B | $890.8M | $879.6M | $28.7M | $590.9M |
| Contas a Receber | $3.4M | $4.1M | $8.2M | $8.0M | $23.9M | $19.6M | $25.7M | $29.9M | $35.9M | $38.5M |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $243.9M | $290.8M | $413.8M | $375.6M | $813.6M | $1.11B | $1.07B | $1.14B | $383.6M | $1.04B |
| Imobilizado | $9.3M | $8.8M | $15.1M | $29.3M | $58.6M | $58.2M | $63.2M | $69.5M | $82.0M | $74.0M |
| Ágio | $6.8M | $6.8M | $49.5M | $48.5M | $53.9M | $59.9M | $88.5M | $88.4M | $121.6M | $121.1M |
| Ativos Intangíveis | $2.3M | $2.0M | $7.9M | $6.7M | $9.7M | $12.2M | $14.0M | $11.9M | $17.3M | $14.5M |
| Ativos Totais | $1.11B | $1.32B | $2.09B | $2.27B | $4.16B | $4.73B | $5.99B | $6.58B | $7.86B | $8.21B |
| Contas a Pagar | $920000 | $890000 | $1.4M | $1.5M | $2.5M | $1.4M | $2.1M | $14.8M | $6.0M | $4.2M |
| Dívida de Curto Prazo | $3.6M | $2.8M | $12.2M | $68.0M | $26.8M | $19.1M | $34.3M | $18.9M | $22.6M | $278.8M |
| Passivos Circulantes | $937.3M | $1.06B | $1.75B | $1.85B | $3.65B | $4.10B | $4.86B | $5.28B | $6.54B | $6.98B |
| Dívida de Longo Prazo | $50.1M | $77.7M | $80.0M | $118.0M | $79.1M | $168.4M | $525.8M | $616.2M | $460.6M | $272.5M |
| Passivos Totais | $992.3M | $1.14B | $1.83B | $1.99B | $3.75B | $4.29B | $5.41B | $5.94B | $7.06B | $7.32B |
| Reservas | $23.8M | $27.2M | $38.0M | $56.7M | $79.2M | $121.9M | $164.0M | $216.1M | $261.0M | $326.6M |
| Patrimônio Líquido | $113.6M | $179.9M | $260.1M | $285.1M | $410.0M | $433.4M | $580.5M | $644.3M | $799.5M | $896.9M |
| Dívida Total | $53.6M | $80.5M | $92.2M | $186.0M | $106.0M | $187.6M | $560.1M | $635.1M | $483.3M | $551.4M |
| Dívida Líquida | -$186.9M | -$206.2M | -$313.4M | -$181.6M | -$683.7M | -$901.8M | -$483.4M | -$470.6M | $135.5M | -$450.8M |
| Capital de Giro | -$693.4M | -$768.4M | -$1.33B | -$1.48B | -$2.83B | -$2.99B | -$3.79B | -$4.15B | -$6.16B | -$5.94B |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $399.1M | $411.2M | $589.8M | $575.6M |
| Ativos Totais | $7.95B | $8.21B | $8.91B | $8.90B |
| Passivos Totais | $7.08B | $7.32B | $7.92B | $7.89B |
| Patrimônio Líquido | $878.4M | $896.9M | $991.2M | $1.01B |
| Dívida Total | $494.9M | $551.4M | $384.5M | $616.1M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $5.1M | $4.8M | $14.1M | $23.8M | $30.0M | $52.1M | $54.3M | $71.0M | $65.1M | $87.9M |
| Depreciação e Amortização | $1.3M | $1.2M | $1.2M | $1.6M | $3.2M | $4.2M | $4.8M | $4.7M | $5.3M | $5.7M |
| Compensação em Ações | $456000 | -$59000 | $1.0M | $1.1M | $2.5M | $2.9M | $3.7M | $4.0M | $3.0M | $5.8M |
| Variação Capital de Giro | $102000 | -$2.0M | $732000 | -$1.5M | -$11.7M | $1.2M | $3.0M | $18.3M | -$14.0M | -$8.6M |
| Fluxo de Caixa Operacional | $8.2M | $8.0M | $19.3M | $24.4M | $29.3M | $56.4M | $69.6M | $92.4M | $61.4M | $92.1M |
| CapEx | -$1.4M | -$505000 | -$919000 | -$4.0M | -$3.0M | -$4.0M | -$7.8M | -$11.6M | -$1.6M | -$66000 |
| Aquisições | 0 | 0 | -$9.1M | -$17.4M | $106.0M | -$21.0M | $163.5M | -$14.5M | $96.8M | -$43.1M |
| Recompra de Ações | -$863000 | -$33000 | 0 | -$2.6M | -$5.8M | -$10.9M | 0 | 0 | -$31000 | -$3.7M |
| Dividendos Pagos | -$1.1M | -$1.8M | -$3.3M | -$5.1M | -$7.5M | -$9.4M | -$12.2M | -$18.1M | -$20.3M | -$22.2M |
| Fluxo de Caixa Livre | $6.8M | $7.5M | $18.4M | $20.5M | $26.4M | $52.5M | $61.8M | $80.8M | $59.8M | $92.1M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $32.4M | $16.9M | $26.7M | $27.1M |
| CapEx | -$334000 | -$2.7M | 0 | -$1.3M |
| Fluxo de Caixa Livre | $32.1M | $14.3M | $26.7M | $25.8M |
| Dividendos Pagos | -$5.5M | -$5.8M | -$6.2M | -$6.2M |
| Compensação em Ações | $1.3M | $2.5M | $901000 | $2.2M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +17.2% | +46.8% | +34.1% | +49.9% | +20.3% | +30.0% | +46.0% | +18.7% | +11.8% |
| Crescimento Lucro Líquido (anual) | | -5.1% | +190.7% | +68.7% | +26.2% | +73.8% | +4.1% | +30.9% | -8.4% | +34.9% |
| Crescimento LPA (anual) | | -5.4% | +81.4% | +40.9% | -7.8% | +53.9% | -7.9% | +12.0% | -13.4% | +22.9% |
| Variação de Ações (anual) | | +66.7% | +0.1% | +18.4% | +33.4% | +13.1% | +10.6% | +10.9% | +4.6% | +12.1% |
| Crescimento FCF (anual) | | +10.4% | +146.0% | +11.5% | +28.9% | +99.0% | +17.8% | +30.7% | -25.9% | +53.9% |
| Margem Bruta | 85.6% | 80.0% | 80.5% | 77.0% | 80.1% | 87.9% | 82.0% | 63.0% | 56.7% | 60.9% |
| Margem Operacional | 13.8% | 15.6% | 20.7% | 26.5% | 21.8% | 31.8% | 26.0% | 23.5% | 18.2% | 22.2% |
| Margem EBITDA | 16.4% | 17.7% | 22.1% | 27.9% | 23.7% | 33.8% | 27.8% | 24.7% | 19.3% | 23.3% |
| Margem Líquida | 10.5% | 8.5% | 16.8% | 21.1% | 17.8% | 25.7% | 20.5% | 18.4% | 14.2% | 17.2% |
| Margem FCF | 13.8% | 13.0% | 21.9% | 18.2% | 15.6% | 25.8% | 23.4% | 20.9% | 13.1% | 18.0% |
| Taxa Efetiva de Imposto | 24.0% | 45.8% | 18.9% | 20.4% | 18.5% | 19.2% | 20.9% | 21.6% | 21.6% | 20.4% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $0.98 | $0.65 | $1.59 | $1.50 | $1.45 | $2.54 | $2.71 | $3.19 | $2.26 | $3.10 |
| Dividendo por Ação | $0.15 | $0.16 | $0.28 | $0.37 | $0.41 | $0.46 | $0.53 | $0.71 | $0.77 | $0.75 |
| Ações em Circulação (Básicas) | $6.9M | $11.5M | $11.1M | $13.3M | $18.2M | $20.5M | $22.6M | $25.1M | $26.3M | $29.5M |
O que olhar em empresas de Financial Services
- Efficiency Ratio (≤55%) — Despesas operacionais / receita. Bancos top abaixo de 55%.
- ROA (≥1%) — Quanto ganham por cada euro de ativos. ROE engana em bancos pela alavancagem.
- ROTCE (≥12%) — Rentabilidade sobre Capital Tangível. Exclui goodwill e intangíveis.
- Capital / Ativos (proxy Tier 1) (≥8%) — Proxy do rácio de capital. FMP não expõe Tier 1 regulatório direto.
- P/B (1,0-1,5x) — Métrica clássica bancária. <1x pode ser oportunidade ou distress.
- Dividend yield sustentável (≥2%, <8%) — Bancos UE pagam 5-7% sem stress. >8% é sinal de distress.
Rentabilidade
| Retorno sobre patrimônio | 9.85% |
| Retorno sobre capital investido | 0.54% |
| Retorno sobre ativos | 1.04% |
| Margem bruta | 56.36% |
| Margem operacional | 13.08% |
| Margem líquida | 20.42% |
Saúde financeira
| Dívida / Patrimônio | 0.61 |
| Liquidez corrente | 2.05 |
| Piotroski F-Score | 8 |
| Altman Z-Score | -0.64 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 34.14 | 36.09 | 19.08 | 13.93 | 12.34 | 11.15 | 9.46 | 9.41 | 11.32 | 9.37 |
| P/VP | 1.54 | 1.62 | 1.04 | 1.16 | 0.90 | 1.34 | 0.86 | 0.96 | 0.84 | 0.86 |
| P/V | 3.58 | 5.09 | 3.21 | 2.95 | 2.19 | 2.86 | 1.90 | 1.60 | 1.47 | 1.51 |
| Margem Bruta | 85.6% | 80.0% | 80.5% | 77.0% | 80.1% | 87.9% | 82.0% | 63.0% | 56.7% | 60.9% |
| Margem Operacional | 13.8% | 15.6% | 20.7% | 26.5% | 21.8% | 31.8% | 26.0% | 23.5% | 18.2% | 22.2% |
| Margem Líquida | 10.5% | 8.5% | 16.8% | 21.1% | 17.8% | 25.7% | 20.5% | 18.4% | 14.2% | 17.2% |