Business First Reports Q4 Credit Loss Provision of $3.1M
Reports Q4 provision for credit losses $3.1M. Reports Q4 net charge-offs $6.8M. Reports Q4 net interest margin 3.71%. Reports Q4 book value per common share $27.95, tangible book value per common share $23.36. Loans held for investment increased $168.4M, or 2.80%. Deposits increased $191.7M, or 2.95%. "In the fourth quarter we continued to demonstrate increasing core profitability and tangible book value build as the logic of the investments we've made over the past few quarters becomes reality through our team's successful performance," said Jude Melville, chairman and CEO of Business First.
