Business First Bancshares, Inc.
Business First Bancshares, Inc.
Insider Sentiment (TTM):
Last Purchase:2026-02-10Last Sale:2026-06-11Shares Purchased (TTM):5,445Shares Sold (TTM):99,954
Institutional Sentiment:
As of:2026-03-31Institutional Shares Owned:16,535,722Shares Outstanding:32,579,934Institutional Ownership Pct.:50.75%
Earnings Market Reaction:
Filing Date:2026-05-01Price on Filing Date:N/APrevious Close:N/A% Change:N/A
Business First Bancshares, Inc. (BFST) — SEC Financial Statements & Analysis
Business First Bancshares, Inc. (BFST) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash And Cash Equivalents At Carrying Value | 590 | 411 | 399 | 496 | 313 | 319 | 213 | 208 | 186 | 226 | 191 | 181 | |||||
Federal Funds Sold | 88 | 172 | 101 | 39 | 117 | 198 | 170 | 114 | 211 | 151 | 197 | 174 | |||||
Available For Sale Securities Debt Securities | - | - | - | - | - | - | - | - | - | 880 | 850 | 878 | |||||
Securities Purchased Under Agreements To Resell | 31 | 26 | 26 | 25 | 51 | 51 | 26 | - | - | 0 | - | - | |||||
Debt Securities Available For Sale Excluding Accru… | 1,046 | 989 | 986 | 926 | 921 | 894 | 916 | 875 | 873 | 880 | - | - | |||||
Notes Receivable Net | - | - | - | - | - | - | - | - | - | 4,952 | 4,879 | 4,857 | |||||
Loans Receivable Held For Sale Net Not Part Of Dis… | 0 | 1 | 0 | 1 | 0 | 1 | 0 | 1 | 0 | 1 | - | - | |||||
Assets | |||||||||||||||||
Assets | 8,907 | 8,215 | 7,954 | 7,948 | 7,785 | 7,857 | 6,889 | 6,704 | 6,696 | 6,585 | 6,489 | 6,455 | |||||
Financing Receivable Excluding Accrued Interest Af… | 6,621 | 6,136 | 5,964 | 5,989 | 5,924 | 5,927 | 5,178 | 5,121 | 5,048 | 4,952 | - | - | |||||
Property Plant And Equipment Net | 88 | 74 | 78 | 79 | 82 | 82 | 68 | 69 | 69 | 69 | 65 | 63 | |||||
Interest Receivable | 38 | 38 | 37 | 37 | 34 | 36 | 33 | 31 | 29 | 30 | 28 | 27 | |||||
Real Estate Acquired Through Foreclosure | 21 | 13 | 17 | 1 | 1 | 6 | 2 | 2 | 1 | 2 | 2 | 2 | |||||
Bank Owned Life Insurance | 133 | 120 | 120 | 119 | 118 | 118 | 101 | 101 | 100 | 96 | 96 | 95 | |||||
Deferred Income Tax Assets Net | 23 | 20 | 21 | 25 | 25 | 30 | 21 | 26 | 27 | 27 | 35 | 32 | |||||
Goodwill | 134 | 121 | 121 | 121 | 122 | 122 | 92 | 92 | 92 | 88 | 88 | 89 | |||||
Finite Lived Intangible Assets Net | 29 | 14 | 15 | 16 | 17 | 17 | 10 | 11 | 11 | 12 | 12 | 13 | |||||
Other Assets | 25 | 28 | 24 | 25 | 20 | 18 | 20 | 16 | 14 | 15 | 13 | 10 | |||||
Liabilities | |||||||||||||||||
Noninterest Bearing Deposit Liabilities | 1,575 | 1,322 | 1,367 | 1,411 | 1,308 | 1,357 | 1,191 | 1,310 | 1,295 | 1,299 | 1,412 | 1,429 | |||||
Deposits | |||||||||||||||||
Deposits | 7,465 | 6,699 | 6,507 | 6,420 | 6,458 | 6,511 | 5,641 | 5,564 | 5,573 | 5,249 | 5,191 | 5,014 | |||||
Federal Funds Purchased | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Interest Bearing Deposit Liabilities | 5,890 | 5,377 | 5,140 | 5,009 | 5,150 | 5,154 | 4,450 | 4,253 | 4,278 | 3,950 | 3,778 | 3,585 | |||||
Securities Sold Under Agreements To Repurchase | 22 | 23 | 30 | 23 | 19 | 23 | 22 | 18 | 17 | 19 | 23 | 23 | |||||
Advances From Federal Home Loan Banks | 261 | 431 | 367 | 493 | 431 | 356 | 367 | 305 | 308 | 211 | 214 | 362 | |||||
Subordinated Debt | 92 | 93 | 93 | 93 | 93 | 100 | 100 | 100 | 100 | 100 | 100 | 104 | |||||
Interest Payable Current And Noncurrent | 4 | 4 | 4 | 5 | 5 | 6 | 4 | 5 | 4 | 15 | 11 | 8 | |||||
Other Liabilities | 62 | 64 | 70 | 62 | 61 | 57 | 51 | 43 | 39 | 42 | 40 | 37 | |||||
Liabilities | 7,916 | 7,318 | 7,075 | 7,100 | 6,958 | 7,058 | 6,189 | 6,039 | 6,047 | 5,940 | 5,884 | 5,854 | |||||
Preferred Stock Value | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | |||||
Common Stock Value | 33 | 30 | 30 | 30 | 30 | 30 | 26 | 26 | 25 | 25 | 25 | 25 | |||||
Additional Paid In Capital Common Stock | 581 | 502 | 503 | 502 | 502 | 500 | 398 | 398 | 399 | 397 | 396 | 396 | |||||
Stockholders Equity | |||||||||||||||||
Retained Earnings Accumulated Deficit | 344 | 327 | 310 | 293 | 276 | 261 | 250 | 237 | 225 | 216 | 205 | 189 | |||||
Stockholders Equity | 991 | 897 | 878 | 848 | 826 | 799 | 700 | 665 | 649 | 644 | 604 | 601 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -38 | -33 | -36 | -48 | -53 | -63 | -46 | -68 | -72 | -67 | -94 | -81 | |||||
Available For Sale Debt Securities Amortized Cost … | - | - | - | - | - | - | - | - | - | 964 | 968 | 980 | |||||
Financing Receivable Allowance For Credit Losses | - | - | - | - | - | - | - | - | - | 40 | 41 | 42 | |||||
Liabilities And Stockholders Equity | 8,907 | 8,215 | 7,954 | 7,948 | 7,785 | 7,857 | 6,889 | 6,704 | 6,696 | 6,585 | 6,489 | 6,455 | |||||
Debt Securities Available For Sale Amortized Cost … | 1,094 | 1,031 | 1,032 | 987 | 988 | 973 | 975 | 961 | 964 | 964 | - | - | |||||
Financing Receivable Allowance For Credit Loss Exc… | 64 | 54 | 57 | 58 | 57 | 55 | 42 | 41 | 41 | 40 | - | - | |||||
Preferred Stock No Par Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Authorized | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Liquidation Preference Value | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Preferred Stock Shares Outstanding | - | 0 | - | - | - | 0 | - | - | - | 0 | - | - | |||||
Common Stock Par Or Stated Value Per Share | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Common Stock Shares Authorized | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | |||||
Common Stock Shares Issued | 33 | 30 | 30 | 30 | 30 | 30 | 26 | 26 | 25 | 25 | 25 | 25 | |||||
Shares Outstanding | 30 | 30 | 30 | 30 | 30 | 30 | 26 | 26 | 25 | 25 | 25 | 25 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.80% | 5.20% | - | - | - | - | - | - | - | - | - | - |
| 2025 | 0.14% | -1.43% | 11.61% | 8.99% | 5.50% | 8.99% | 5.43% | 13.31% | 11.09% | -9.18% | 2.04% | -5.03% |
| 2024 | 1.20% | -3.48% | 13.67% | -4.42% | 1.76% | 3.23% | 8.89% | -0.49% | -1.85% | -2.20% | -9.19% | -5.22% |
| 2023 | 9.58% | 16.15% | 18.29% | -2.43% | -11.77% | -12.36% | 2.29% | 22.92% | 14.10% | -0.91% | -3.84% | 0.02% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Leverage & Debt | |||||||||||||||||
| Interest Coverage TTM | -0.60 | -0.60 | -0.62 | -0.64 | -0.64 | -0.24 | 0.83 | 0.88 | 1.58 | 1.66 | 1.77 | 1.95 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 2.77 | 2.97 | 2.58 | 2.42 | 2.26 | 2.26 | 2.59 | 2.69 | 2.79 | 2.81 | 2.79 | 2.57 | |||||
| Free Cash Flow Per Share TTM | 2.70 | 3.02 | 3.07 | 2.69 | 2.71 | 2.26 | 2.28 | 2.20 | 2.67 | 3.22 | 3.04 | 3.08 | |||||
| Dividend Per Share TTM | 0.54 | 0.57 | 0.56 | 0.54 | 0.52 | 0.57 | 0.56 | 0.54 | 0.53 | 0.50 | 0.48 | 0.47 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | -1,642.55% | -1,692.30% | -1,686.24% | -1,635.69% | -1,633.14% | -1,671.59% | -1,912.15% | -1,862.92% | -1,752.34% | -1,599.72% | -1,118.42% | -866.42% | |||||
| Operating Profit Margin TTM | 1,037.56% | 1,030.54% | 895.41% | 882.66% | 833.43% | 785.20% | 838.63% | 854.00% | 897.98% | 933.49% | 890.59% | 932.20% | |||||
| Net Profit Margin TTM | 827.25% | 820.82% | 700.34% | 645.18% | 606.28% | 564.49% | 647.00% | 685.01% | 719.31% | 732.10% | 742.50% | 718.74% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | -0.11% | 1.20% | 7.54% | 11.10% | 11.52% | 9.00% | 7.05% | 10.04% | 12.73% | 17.31% | -0.74% | 21.75% | |||||
| Net Income Growth (1Y) | 36.30% | 47.16% | 16.41% | 4.64% | -6.00% | -15.96% | -6.72% | 4.87% | 19.74% | 30.83% | 45.86% | 45.38% | |||||
| EPS Growth (1Y) | 22.70% | 31.42% | -0.36% | -10.44% | -19.47% | -19.72% | -7.37% | 4.19% | 19.04% | 18.08% | 30.51% | 30.07% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 9.64 | 8.65 | 8.96 | 9.94 | 10.41 | 10.93 | 9.50 | 7.69 | 7.50 | 8.21 | 6.26 | 5.40 | |||||
| P/B | 0.88 | 0.85 | 0.78 | 0.84 | 0.84 | 0.82 | 0.89 | 0.79 | 0.82 | 0.91 | 0.73 | 0.59 | |||||
| P/S TTM | 79.75 | 71.02 | 62.73 | 64.13 | 63.14 | 61.71 | 61.45 | 52.65 | 53.93 | 60.12 | 46.48 | 38.85 | |||||
| Market Cap | 876.09M | 760.22M | 686.00M | 711.45M | 694.38M | 652.68M | 624.90M | 525.79M | 531.86M | 583.43M | 441.54M | 352.53M | |||||
| Enterprise Value | 286.29M | 349.05M | 286.92M | 215.70M | 381.49M | 333.58M | 411.70M | 317.74M | 345.96M | 357.32M | 250.08M | 171.56M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 88.09M | 88.90M | 90.60M | 79.53M | 79.59M | 59.30M | 57.58M | 55.50M | 67.13M | 80.78M | 76.22M | 77.21M | |||||
| Net Debt | -589.80M | -411.18M | -399.08M | -495.76M | -312.89M | -319.10M | -213.20M | -208.05M | -185.91M | -226.11M | -191.46M | -180.97M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
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Turnover Ratios and Averages | |||||||||||||||||
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| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
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| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
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| EPS Growth (3Y) | |||||||||||||||||
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| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
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| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
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| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
2026-06-11Sale
Owner: Cummings, George W. Iii
Title: -
Shares: 5,000
Price/Share: $28.78
Value: $143,900.00
Shares Owned: 261,180
Relationship: Director
Ownership: Direct
2026-06-08Sale
Owner: Cummings, George W. Iii
Title: -
Shares: 15,000
Price/Share: $28.54
Value: $428,100.00
Shares Owned: 281,180
Relationship: Director
Ownership: Direct
2026-05-27Sale
Owner: Cummings, George W. Iii
Title: -
Shares: 11,595
Price/Share: $27.92
Value: $323,732.40
Shares Owned: 296,180
Relationship: Director
Ownership: Direct
2026-05-22Sale
Owner: Cummings, George W. Iii
Title: -
Shares: 10,000
Price/Share: $27.99
Value: $279,900.00
Shares Owned: 307,775
Relationship: Director
Ownership: Direct
2026-03-04Sale
Owner: Cummings, George W. Iii
Title: -
Shares: 11,000
Price/Share: $27.60
Value: $303,600.00
Shares Owned: 317,775
Relationship: Director
Ownership: Direct
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Institutional Ownership
No data available for chart
2026-03-31
50.75%
Inst. Shares: 16,535,722
Shares Outstanding: 32,579,934
2025-12-31
51.72%
Inst. Shares: 15,204,039
Shares Outstanding: 29,396,462
2025-09-30
50.44%
Inst. Shares: 14,902,739
Shares Outstanding: 29,544,425
2025-06-30
49.56%
Inst. Shares: 14,629,767
Shares Outstanding: 29,517,495
2025-03-31
47.72%
Inst. Shares: 13,995,723
Shares Outstanding: 29,329,668