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Business First Bancshares (Business First Bancshares) Effective Interest Rate on Debt % : 26.49% (As of Dec. 2023)


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What is Business First Bancshares Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Business First Bancshares's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $163.6 Mil. Business First Bancshares's average total debt for the quarter that ended in Dec. 2023 was $617.7 Mil. Therefore, Business First Bancshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 26.49%.


Business First Bancshares Effective Interest Rate on Debt % Historical Data

The historical data trend for Business First Bancshares's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Business First Bancshares Effective Interest Rate on Debt % Chart

Business First Bancshares Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 23.50 21.87 13.11 10.52 24.20

Business First Bancshares Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.89 16.35 21.88 26.49 34.57

Competitive Comparison of Business First Bancshares's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Business First Bancshares's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Business First Bancshares's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Business First Bancshares's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Business First Bancshares's Effective Interest Rate on Debt % falls into.



Business First Bancshares Effective Interest Rate on Debt % Calculation

Business First Bancshares's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -138.198/( (525.858+616.188)/ 2 )
=-1  *  -138.198/571.023
=24.20 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=525.849 + 0.009
=525.858

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=616.188 + 0
=616.188

Business First Bancshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -163.62/( (619.241+616.188)/ 2 )
=-1  *  -163.62/617.7145
=26.49 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=619.232 + 0.009
=619.241

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=616.188 + 0
=616.188

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Business First Bancshares  (NAS:BFST) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Business First Bancshares Effective Interest Rate on Debt % Related Terms

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Business First Bancshares (Business First Bancshares) Business Description

Traded in Other Exchanges
N/A
Address
500 Laurel Street, Suite 101, Baton Rouge, LA, USA, 70801
Business First Bancshares Inc is a United States-based bank holding company. The company's services include personal and commercial banking, treasury management, and wealth solutions. It provides a range of financial services to small-to-midsized businesses and professionals. The company generates most of its revenues from interest income on loans, customer service and loan fees, and interest income from securities.
Executives
Mark P. Folse director, officer: EVP - b1BANK 500 LAUREL STREET, BATON ROUGE LA 70801
Rick D. Day director 500 LAUREL STREET, BATON ROUGE LA 70801
Jesse Jackson officer: EVP & Pres., Fin. Institutions 500 LAUREL STREET, BATON ROUGE LA 70801
Kathryn Manning officer: Chief Risk Officer 500 LAUREL STREET, BATON ROUGE LA 70801
John P. Ducrest director 500 LAUREL STREET, BATON ROUGE LA 70801
Greg Robertson officer: CFO and Treasurer 500 LAUREL AVENUE, SUITE 100, BATON ROUGE LA 70801
Arthur Price director 500 LAUREL AVENUE, SUITE 100, BATON ROUGE LA 70801
Steven Gerard White director 500 LAUREL AVENUE, SUITE 100, BATON ROUGE LA 70801
Joseph Vernon Johnson director 500 LAUREL STREET, BATON ROUGE LA 70801
Kenneth W. Smith director 500 LAUREL AVENUE, SUITE 100, BATON ROUGE LA 70801
Andrew D. Mclindon director 500 LAUREL AVENUE, SUITE 100, BATON ROUGE LA 70801
Mccollister Rolfe H. Jr. director 500 LAUREL AVENUE, SUITE 100, BATON ROUGE LA 70801
Keith Mansfield officer: EVP&COO of Business First Bank 500 LAUREL AVENUE, SUITE 100, BATON ROUGE LA 70801
Carol Calkins director 500 LAUREL STREET, BATON ROUGE LA 70801
Smith Edgar R. Iii director 400 EAST THOMAS STREET, HAMMOND LA 70401