BFST
Business First Bancshares, Inc.27.89
-0.02-0.07%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Pauses M&A for organic focus
Q&A revealed management's explicit pause on M&A to prioritize daily execution, organic growth, and proving prior deals' profitability after major 2025 integrations. Loan growth outlook set at mid-single digits for 2026, reflecting balanced paydowns and strength in Louisiana markets offsetting Texas softness. Credit talk detailed a $25.8 million Houston CRE nonperformer, now low-loss, underscoring concentration risk lessons. Buybacks remain opportunistic below 1.2x tangible book value. Management was direct on analyst probes. Pauses M&A, eyes organic grind. Positive tone flags 2026 momentum; watch footprint balance, efficiencies into 50s.
Key Stats
Market Cap
825.97MP/E (TTM)
10.77Basic EPS (TTM)
2.59Dividend Yield
0.02%Recent Filings
10-K
FY2025 results
Business First Bancshares closed FY2025 with $8.2B assets, up 4.6%, fueled by the October Oakwood acquisition adding Dallas/Fort Worth presence; loans hit $6.2B (up 3.5% y/y), deposits $6.7B (up 2.9%). Net income available to common soared 38% to $82.5M ($2.79 diluted EPS), driven by net interest income jumping 20% to $273M on 3.69% NIM (up 21bps) as deposit costs fell. Q4 accelerated loan growth while nonperformers rose to 1.24% (from 0.42%), provision steady at $11M. Repurchased $3.7M shares; FHLB debt $431M at 4.02%. Geographic concentration in Louisiana/Texas risks hurricane disruptions.
8-K
Q4 core EPS $0.79, loans surge
Business First Bancshares posted Q4 net income of $21.0 million ($0.71/share), down slightly linked quarter but with core net income up to $23.5 million ($0.79/share). Loans grew $168.4 million (11.1% annualized), deposits $191.7 million (11.7% annualized), NIM steady at 3.71%. Nonperformers rose to 1.24% on one $25.8 million CRE loan. Board hiked common dividend to $0.15/share. Tangible book value climbs.
8-K
BFST completes Progressive merger
Business First Bancshares completed its merger with Progressive Bancorp on January 1, 2026, issuing ~3.2 million BFST shares for Progressive common stock. The deal boosts total assets to $8.7B, loans to $6.6B, and deposits to $7.2B, adding nine North Louisiana branches. George Cummings joined both boards. Merger expands regional footprint seamlessly.
8-K
Exec comp refreshed
Business First Bancshares amended CEO David Melville's employment agreement on October 29, 2025, locking in a $827,500 base salary for a five-year term with 3x severance for qualifying terminations or change in control. Four executives—Robertson, Vascocu, Mansfield, Jordan—signed new change-in-control pacts offering 2x pay packages post-triggering event. Locks leadership amid M&A risks.
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