BFST · BFST Q2 FY2026 earnings call record财报电话会记录

“In addition to the production in the second quarter, which came in a relatively balanced way across our footprint, we built a significant pipeline, particularly in the Houston area, that we expect will translate into sustained growth for the remainder of the year.”

“I'll get out of the weeds now, as I'm sure we'll cover this in more detail during Greg's portion of the call, but I wanted you to know that all in all, the quarter was a positive step towards increased profitability through earning asset growth, expense control, and continued asset quality improvement over the course of the year.”

“Meta also announced more than $1 billion in related infrastructure investment for roads, water, and wastewater systems, along with a new energy agreement with Entergy Louisiana projected to save customers more than $2 billion over 20 years.”

“We will continue to invest in the region, including just this morning, concluding an agreement to serve as the official banking partner for the University of Louisiana Monroe's athletic department.”

“Second quarter GAAP net income and EPS available to common shareholders was $22.8 million and $0.70, and included a $1.2 million merger-related expense, a $545,000 gain on extinguishment of debt, and a $6,000 loss on sale of securities.”

“Also, during the quarter, we completed the fully self-managed private placement of $85 million of 6.5% fixed to floating rate supported subordinated debt notes due in 2036.”

“Lastly, on April 2nd, we completed the issuance of the $85 million previously mentioned subordinated debt with partial use of proceeds, utilization to redeem our $52 million issuance that became callable.”

“The net impact from the capital raise was 50 basis points to the Q2 2026 consolidated total risk-based capital measure.”

“Our GAAP reported second quarter net interest margin increased eight basis points linked quarter to 3.73%, while the non-GAAP core net interest margin, excluding any purchase accounting accretion, increased eight basis points as well from 3.60%-3.68% for the quarter ended June 30.”

“Going forward, we expect to pick up about four basis points go forward impact to the margin in the quarter.”

“We feel like we have 50% of our shareholders who are retail investors that have partnered with us and stuck with us through these acquisitions, and the dividend's important to them as it is to us.”

“We've historically kind of targeted about 20% of earnings.”