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Business First Bancshares Inc
NASDAQ:BFST

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Business First Bancshares Inc
NASDAQ:BFST
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Price: 26.62 USD -0.19%
Market Cap: 788.5m USD

Business First Bancshares Inc
Investor Relations

Business First Bancshares, Inc. is a bank holding company. The company is headquartered in Baton Rouge, Louisiana and currently employs 648 full-time employees. The company went IPO on 2018-04-09. The firm operates through its banking subsidiary, b1BANK (the Bank). The Bank operates Banking Centers and Loan Production Offices in markets across Louisiana and in the Dallas and Houston, Texas markets, providing commercial and personal banking products and services. Its commercial banking services include commercial loans and letters of credit, working capital lines and equipment financing, and treasury management services. The Bank grants loans and extensions of credit to individuals and a variety of businesses and corporations located in its general market areas. b1BANK has approximately 48 full-service Banking Centers and three Loan Production Offices across Louisiana and in the Dallas and Houston markets. The Company’s loan portfolio is segregated into portfolio segments based on loan types and the underlying risk factors present in each loan type.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 23, 2025
AI Summary
Q3 2025

Earnings & Profitability: Business First Bancshares reported another solid quarter, with GAAP net income of $21.5 million and EPS of $0.73, and core ROAA of 1.06%.

Expense Control: Core noninterest expenses remained essentially flat for three quarters, aiding efficiency ratio improvement to 60.45%.

Margin Outlook: Net interest margin held steady at 3.68%, with management expecting a slight expansion in Q4 due to normalization in loan growth and deposit cost management.

Deposit Trends: Total deposits increased by $87.2 million, with continued growth in noninterest-bearing deposits since March.

M&A & Integration: Oakwood Bank integration completed; Progressive Bank deal on track to close in early Q1 2026, with full financial impact expected in Q4 2026.

Dividend Increase: Quarterly dividend increased by $0.01, marking the ninth consecutive year of increases.

Noninterest Income: Momentum is expected to continue, but Q4 may be flat due to potential government shutdown affecting SBA loan sales.

Key Financials
Net Income
$21.5 million
EPS
$0.73
Core Net Income
$21.2 million
Core EPS
$0.72
Core ROAA
1.06%
Core Efficiency Ratio
60.45%
Net Interest Margin
3.68%
Core Net Interest Margin
3.63%
Core Noninterest Expense
$49.3 million
GAAP Noninterest Expense
$48.9 million
Core Noninterest Income
$11.6 million
GAAP Noninterest Income
$11.7 million
Loan Discount Accretion
$1.1 million
Core Loan Yield (excluding discount accretion)
6.94%
Total Cost of Deposits
2.67% (Q3 weighted average), 2.65% (September)
Weighted Average Yield on New and Renewed Loans
7.46%
Weighted Average Rate on New Deposits (September)
3.32%
Core CD Balance Retention Rate
83% (September)
Floating Rate Loans
$3 billion, weighted average rate 7.33%
Fixed Rate Loans Maturing in Next 12 Months
$646 million, weighted average 6.30%
Loans Past Due 30+ Days (excluding nonaccrual)
0.27% of loans, about $38 million
Nonperforming Loans to Loans Held for Investment
0.82%
Nonperforming Assets to Total Assets
0.83%
Quarterly Dividend
Increased by $0.01
Correspondent Banking Unit Revenue (2025E)
$17 million (expected)
Correspondent Banking Unit Net Income Contribution (2025E)
$5 million (expected)
Earnings Call Recording
Other Earnings Calls

Management

Mr. David R. Melville III
Chairman, President & CEO
No Bio Available
Mr. Gregory Robertson
Executive VP, CFO & Treasurer
No Bio Available
Mr. Keith Mansfield
Executive VP & COO
No Bio Available
Mr. Norman Jerome Vascocu Jr.
Executive VP & Chief Administrative Officer
No Bio Available
Mr. Philip Jordan
Executive VP & Chief Banking Officer
No Bio Available
Ms. Saundra Strong
Executive VP, General Counsel & Corporate Secretary
No Bio Available
Dr. Margaret Singer Lee
Executive VP, Chief Human Resources Officer
No Bio Available
Ms. Kathryn Manning
Executive VP & Chief Risk Officer
No Bio Available
Mr. Jesse Jackson
Executive Vice President of Financial Institutions Group
No Bio Available
Mr. Warren McDonald
Executive VP & Chief Credit Officer
No Bio Available

Contacts

Address
LOUISIANA
Baton Rouge
500 Laurel St Ste 101
Contacts
+12252487600.0