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BFST logoBusiness First Bancshares, Inc.(BFST)Earnings, Financials & Key Ratios

BFST•NASDAQ•Banking & Credit
$27.65
$904M mkt cap·9.9× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommercial and middle-market focused banks
AboutBusiness First Bancshares, Inc. operates as the bank holding company for b1BANK that provides various banking products and services. It offers various deposit products and services, including checking, demand, money market, time, and savings accounts; and certificates of deposits, remote deposit capture, and direct deposit services. The company also provides commercial and industrial loans, such as commercial lines of credit, letters of credit, working capital, term, equipment financing, asset acquisition, expansion and development, borrowing base, and other loan products; construction and development loans; commercial real estate loans; residential real estate loans comprising first and second lien 1-4 family mortgage loans, and home equity lines of credit; and consumer loans, including secured and unsecured installment and term loans. In addition, it offers wealth management products, including mutual funds, annuities, individual retirement accounts, and other financial products, as well as other fiduciary services and private banking products and services. Further, the company provides a range of other financial services comprising debit and credit cards, treasury and cash management, merchant, automated clearing house, lock-box, receivables factoring, correspondent banking, and other treasury services, as well as employee and payroll benefits solutions; and drive-through banking facilities, automated teller machines, night depository, personalized checks, electronic funds transfer, domestic and foreign wire transfer, traveler's checks, vault, loan and deposit sweep accounts, online and mobile banking, e-statements, and bank-by-mail services. As of March 01, 2022, it operates approximately 48 full-service banking centers and three loan production offices across Louisiana, and in the Dallas and Houston markets. Business First Bancshares, Inc. was incorporated in 2006 and is headquartered in Baton Rouge, Louisiana.Show more
  • Net Interest Income$273M+20.1%
  • Total Revenue$512M+11.8%
  • Net Income$88M+34.9%
  • Return on Equity10.36%+14.9%
  • Net Interest Margin3.33%+14.9%
  • Efficiency Ratio38.77%+0.6%
  • ROA1.09%+21.3%
  • Equity / Assets10.92%+7.3%
  • Book Value per Share30.24
  • Tangible BV/Share25.67+2.8%
  • Debt/Equity0.61+1.7%
Technical→

BFST Key Insights

Business First Bancshares, Inc. (BFST) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 24.0%
  • ✓Strong Piotroski F-Score: 7/9
  • ✓Efficient operations: 38.8% efficiency ratio
  • ✓10 consecutive years of dividend growth
  • ✓Well capitalized: 10.9% equity/assets
  • ✓Healthy dividend yield of 2.1%

✗Weaknesses

  • ✗Shares diluted 12.1% in last year

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

BFST Price & Volume

Business First Bancshares, Inc. (BFST) stock price & volume — 10-year historical chart

Loading chart...

BFST Growth Metrics

Business First Bancshares, Inc. (BFST) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years28.47%
5 Years24.85%
3 Years24.69%
TTM-

Profit CAGR

10 Years35.88%
5 Years23.98%
3 Years17.43%
TTM34.95%

EPS CAGR

10 Years16.97%
5 Years11.13%
3 Years6.21%
TTM23.45%

Return on Capital

10 Years6.83%
5 Years8.35%
3 Years7.56%
Last Year8.89%

BFST Recent Earnings

Business First Bancshares, Inc. (BFST) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 27, 2026
EPS
$0.73
Est $0.69
+5.8%
Revenue
$89M
Est $91M
-1.9%
Q1 2026
Jan 22, 2026
EPS
$0.79
Est $0.72
+9.7%
Revenue
$83M
Est $81M
+2.1%
Q4 2025
Oct 23, 2025
EPS
$0.72
Est $0.69
+4.3%
Revenue
$81M
Est $81M
-0.7%
Q3 2025
Jul 28, 2025
EPS
$0.66
Est $0.65
+1.5%
Revenue
$78M
Est $81M
-3.5%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 27, 2026
$0.73vs $0.69+5.8%
$89Mvs $91M-1.9%
Q1 2026Jan 22, 2026
$0.79vs $0.72+9.7%
$83Mvs $81M+2.1%
Q4 2025Oct 23, 2025
$0.72vs $0.69+4.3%
$81Mvs $81M-0.7%
Q3 2025Jul 28, 2025
$0.66vs $0.65+1.5%
$78Mvs $81M-3.5%
Based on last 12 quarters of dataView full earnings history →

BFST Peer Comparison

Business First Bancshares, Inc. (BFST) competitors in Commercial and middle-market focused banks — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
SFBS logoSFBSServisFirst Bancshares, Inc.Direct Competitor4.35B79.6715.754.13%14.95%0.81
FFIN logoFFINFirst Financial Bankshares, Inc.Direct Competitor4.64B32.6020.9018.79%13.25%0.12
TCBI logoTCBITexas Capital Bancshares, Inc.Direct Competitor4.53B102.3515.0513.54%9.93%0.26
HOMB logoHOMBHome Bancshares, Inc.Direct Competitor5.32B27.0313.459.47%10.86%0.30
LKFN logoLKFNLakeland Financial CorporationProduct Competitor1.62B62.3215.54-1.93%14.19%0.24
HOPE logoHOPEHope Bancorp, Inc.Product Competitor1.62B12.6327.46-3.23%2.62%0.17
BANF logoBANFBancFirst CorporationProduct Competitor3.8B114.5117.7812.28%13.33%0.05
TRMK logoTRMKTrustmark CorporationProduct Competitor2.64B44.9212.1434.75%10.77%0.53

Compare BFST vs Peers

Business First Bancshares, Inc. (BFST) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SFBS

Most directly comparable listed peer for BFST.

Scale Benchmark

vs ICE

Larger-name benchmark to compare BFST against a more recognizable public peer.

Peer Set

Compare Top 5

vs SFBS, FFIN, TCBI, HOMB

BFST Income Statement

Business First Bancshares, Inc. (BFST) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income44.37M62.23M80.2M127.65M153.88M199.58M215.13M227.38M273.16M
NII Growth %18.04%40.24%28.88%59.16%20.56%29.69%7.79%5.7%20.13%
Net Interest Margin %3.36%2.97%3.53%3.07%3.26%3.33%3.27%2.89%3.33%
Interest Income51.6M76.19M103.47M149.75M170.44M236.11M353.33M414.76M465.01M
Interest Expense7.23M13.97M23.27M22.11M16.55M36.54M138.2M187.38M191.85M
Loan Loss Provision4.24M2.39M2.61M11.44M8.05M10.89M4.48M10.87M8.22M
Non-Interest Income5.62M7.78M9.15M19.03M32.67M27.96M32.29M42.98M46.91M
Non-Interest Income %9.82%9.26%8.13%11.27%16.09%10.59%8.37%9.39%9.16%
Total Revenue
57.22M▲ 0%
83.97M▲ 46.8%
112.62M▲ 34.1%
168.78M▲ 49.9%
203.11M▲ 20.3%
264.08M▲ 30.0%
385.62M▲ 46.0%
457.75M▲ 18.7%
511.93M▲ 11.8%
Revenue Growth %17.16%46.76%34.12%49.86%20.34%30.01%46.03%18.7%11.84%
Non-Interest Expense36.8M50.25M56.9M98.45M113.95M148.06M152.35M176.44M198.45M
Efficiency Ratio64.32%59.84%50.52%58.33%56.1%56.07%39.51%38.55%38.77%
Operating Income
8.95M▲ 0%
17.37M▲ 94.1%
29.85M▲ 71.9%
36.78M▲ 23.2%
64.56M▲ 75.5%
68.59M▲ 6.2%
90.59M▲ 32.1%
83.09M▼ 8.3%
113.41M▲ 36.5%
Operating Margin %15.64%20.68%26.51%21.79%31.78%25.97%23.49%18.15%22.15%
Operating Income Growth %33.12%94.06%71.86%23.21%75.52%6.25%32.06%-8.27%36.48%
Pretax Income
8.95M▲ 0%
17.37M▲ 94.1%
29.85M▲ 71.9%
36.78M▲ 23.2%
64.56M▲ 75.5%
68.59M▲ 6.2%
90.59M▲ 32.1%
83.05M▼ 8.3%
110.31M▲ 32.8%
Pretax Margin %15.64%20.68%26.51%21.79%31.78%25.97%23.49%18.14%21.55%
Income Tax4.1M3.28M6.08M6.79M12.42M14.34M19.54M17.94M22.45M
Effective Tax Rate %45.84%18.88%20.37%18.45%19.24%20.9%21.57%21.61%20.35%
Net Income
4.85M▲ 0%
14.09M▲ 190.7%
23.77M▲ 68.7%
29.99M▲ 26.2%
52.14M▲ 73.8%
54.26M▲ 4.1%
71.04M▲ 30.9%
65.11M▼ 8.4%
87.86M▲ 34.9%
Net Margin %8.47%16.78%21.11%17.77%25.67%20.55%18.42%14.22%17.16%
Net Income Growth %-5.15%190.66%68.7%26.17%73.82%4.06%30.94%-8.36%34.95%
Net Income (Continuing)4.85M14.09M23.77M29.99M52.14M54.26M71.04M65.11M87.86M
EPS (Diluted)
0.70▲ 0%
1.22▲ 74.3%
1.74▲ 42.6%
1.64▼ 5.7%
2.53▲ 54.3%
2.32▼ 8.3%
2.59▲ 11.6%
2.26▼ 12.7%
2.78▲ 23.0%
EPS Growth %-5.41%74.29%42.62%-5.75%54.27%-8.3%11.64%-12.74%23.01%
EPS (Basic)0.701.271.791.652.542.342.622.272.79
Diluted Shares Outstanding11.53M11.55M13.67M18.24M20.63M22.82M25.3M26.45M29.66M

BFST Balance Sheet

Business First Bancshares, Inc. (BFST) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments286.74M405.59M367.56M789.74M1.09B1.04B1.11B347.76M1B
Cash & Due from Banks107.59M96.07M89.37M149.13M68.38M152.74M226.11M319.1M411.18M
Short Term Investments179.15M309.52M278.19M640.61M1.02B890.75M879.57M28.66M590.93M
Total Investments1.15B1.84B1.99B3.62B4.2B5.5B5.87B6.86B6.78B
Investments Growth %14.6%59.04%8.34%82.17%15.89%30.89%6.74%16.96%-1.24%
Long-Term Investments975.35M1.53B1.71B2.98B3.18B4.61B4.99B6.83B6.19B
Accounts Receivables4.11M8.22M8.03M23.89M19.6M25.67M29.92M35.87M38.49M
Goodwill & Intangibles8.83M57.37M55.19M63.6M72.1M102.58M100.29M138.82M135.64M
Goodwill6.82M49.49M48.49M53.86M59.89M88.54M88.39M121.57M121.15M
Intangible Assets2M7.88M6.69M9.73M12.2M14.04M11.89M17.25M14.5M
PP&E (Net)8.78M15.11M29.28M58.59M58.16M63.18M69.48M81.95M73.98M
Other Assets34.45M78.16M100.67M235.69M299.96M118.58M264.72M389.83M758.07M
Total Current Assets290.85M413.81M375.59M813.63M1.11B1.07B1.14B383.63M1.04B
Total Non-Current Assets1.03B1.68B1.9B3.35B3.62B4.92B5.45B7.47B7.17B
Total Assets
1.32B▲ 0%
2.09B▲ 58.6%
2.27B▲ 8.5%
4.16B▲ 83.0%
4.73B▲ 13.6%
5.99B▲ 26.7%
6.58B▲ 9.9%
7.86B▲ 19.3%
8.21B▲ 4.6%
Asset Growth %19.48%58.55%8.54%82.97%13.61%26.75%9.92%19.33%4.55%
Return on Assets (ROA)0.4%0.83%1.09%0.93%1.17%1.01%1.13%0.9%1.09%
Accounts Payable890K1.37M1.53M2.5M1.35M2.09M14.84M5.97M4.17M
Total Debt80.5M92.23M185.99M105.99M187.59M560.12M635.07M483.26M551.35M
Net Debt-27.09M-3.84M96.62M-43.14M119.22M407.38M408.96M164.16M140.18M
Long-Term Debt77.7M80M118M79.14M168.45M525.85M616.19M460.63M272.53M
Short-Term Debt2.8M12.23M67.99M26.84M19.14M34.27M18.89M22.62M278.82M
Other Liabilities4.4M7.3M19.21M25.23M26.78M27.42M41.59M57.07M63.75M
Total Current Liabilities1.06B1.75B1.85B3.65B4.1B4.86B5.28B6.54B6.98B
Total Non-Current Liabilities82.1M87.3M137.21M104.37M195.23M553.27M657.77M517.7M336.28M
Total Liabilities1.14B1.83B1.99B3.75B4.29B5.41B5.94B7.06B7.32B
Total Equity
179.94M▲ 0%
260.06M▲ 44.5%
285.1M▲ 9.6%
409.96M▲ 43.8%
433.37M▲ 5.7%
580.48M▲ 33.9%
644.26M▲ 11.0%
799.47M▲ 24.1%
896.88M▲ 12.2%
Equity Growth %58.45%44.53%9.63%43.8%5.71%33.95%10.99%24.09%12.19%
Equity / Assets (Capital Ratio)13.62%12.41%12.54%9.85%9.17%9.69%9.78%10.18%10.92%
Return on Equity (ROE)3.3%6.41%8.72%8.63%12.36%10.7%11.6%9.02%10.36%
Book Value per Share15.6022.5220.8522.4721.0025.4425.4730.2230.24
Tangible BV per Share14.8417.5516.8218.9917.5120.9421.5024.9825.67
Common Stock10.23M13.21M13.28M20.62M20.4M25.11M25.35M29.55M29.51M
Additional Paid-in Capital144.17M212.33M212.5M299.54M292.27M393.69M397.45M500.02M502.15M
Retained Earnings27.18M37.98M56.7M79.17M121.87M163.96M216.12M260.96M326.57M
Accumulated OCI-1.64M-3.47M2.61M10.63M-1.18M-74.2M-66.58M-63M-33.29M
Treasury Stock000000000
Preferred Stock0000071.93M71.93M71.93M71.93M

BFST Cash Flow Statement

Business First Bancshares, Inc. (BFST) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations7.97M19.28M24.42M29.34M56.44M69.58M92.43M61.4M92.08M
Operating CF Growth %-2.23%141.92%26.68%20.15%92.38%23.27%32.84%-33.57%49.97%
Net Income4.85M14.09M23.77M29.99M52.14M54.26M71.04M65.11M87.86M
Depreciation & Amortization1.18M1.17M1.59M3.16M4.16M4.82M4.67M5.26M5.68M
Deferred Taxes3.13M-402K336K-58K586K-1.37M-2.05M-962K1.2M
Other Non-Cash Items827K2.67M-863K5.53M-4.49M5.2M-3.49M2.96M93K
Working Capital Changes-1.96M732K-1.51M-11.74M1.19M2.98M18.26M-13.96M-8.57M
Cash from Investing-153.44M-170.32M-192.29M-475.3M-675.35M-700.52M-521.14M-294.91M-281.53M
Purchase of Investments-11.03M-17.28M-30.25M-234.25M-532.5M-125.48M-146.61M-109.18M-687.86M
Sale/Maturity of Investments27.7M48.26M66.09M149.25M128.93M144.3M167.26M110.3M629.12M
Net Investment Activity16.66M30.98M35.84M-85M-403.57M18.82M20.65M1.12M-58.74M
Acquisitions0-9.15M-17.45M106M-20.98M163.46M-14.51M96.82M0
Other Investing-169.6M-191.23M-206.72M-493.32M-246.83M-875.02M-515.63M-391.29M-222.78M
Cash from Financing210.89M139.52M161.17M505.72M538.15M715.31M502.08M326.5M281.52M
Dividends Paid-1.79M-3.28M-5.05M-7.52M-9.44M-12.17M-18.06M-20.26M-22.25M
Share Repurchases-33K0-2.55M-5.8M-10.92M00-31K-3.73M
Stock Issued62.45M27.65M823K3.36M3.56M48.49M000
Net Stock Activity62.42M27.65M-1.73M-2.44M-7.36M48.49M0-31K-3.73M
Debt Issuance (Net)1000K-1000K1000K-1000K1000K1000K1000K-1000K1000K
Other Financing121.96M118.71M129.96M605.3M474.43M279.87M427.94M524.31M238.54M
Net Change in Cash
65.42M▲ 0%
-11.52M▼ 117.6%
-6.7M▲ 41.8%
59.76M▲ 991.8%
-80.76M▼ 235.1%
84.36M▲ 204.5%
73.37M▼ 13.0%
92.99M▲ 26.7%
92.08M▼ 1.0%
Exchange Rate Effect000000000
Cash at Beginning42.17M107.59M96.07M89.37M149.13M68.38M152.74M226.11M319.1M
Cash at End107.59M96.07M89.37M149.13M68.38M152.74M226.11M319.1M411.18M
Interest Paid7.26M13.48M23.11M21.14M17.7M35.8M125.45M196.25M193.65M
Income Taxes Paid1.8M3.34M5.6M5.47M15.71M13.55M16.09M17.35M24.07M
Free Cash Flow
7.46M▲ 0%
18.36M▲ 146.0%
20.46M▲ 11.5%
26.37M▲ 28.9%
52.47M▲ 99.0%
61.8M▲ 17.8%
80.78M▲ 30.7%
59.84M▼ 25.9%
92.08M▲ 53.9%
FCF Growth %10.4%145.97%11.45%28.89%98.99%17.77%30.72%-25.92%53.88%

BFST Banking Ratios

Business First Bancshares, Inc. (BFST) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)4.52%3.3%6.41%8.72%8.63%12.36%10.7%11.6%9.02%10.36%
Return on Assets (ROA)0.47%0.4%0.83%1.09%0.93%1.17%1.01%1.13%0.9%1.09%
Net Interest Margin3.4%3.36%2.97%3.53%3.07%3.26%3.33%3.27%2.89%3.33%
Efficiency Ratio71.81%64.32%59.84%50.52%58.33%56.1%56.07%39.51%38.55%38.77%
Equity / Assets10.27%13.62%12.41%12.54%9.85%9.17%9.69%9.78%10.18%10.92%
Book Value / Share16.4215.622.5220.8522.472125.4425.4730.2230.24
NII Growth10.08%18.04%40.24%28.88%59.16%20.56%29.69%7.79%5.7%20.13%
Dividend Payout20.66%36.96%23.28%21.26%25.07%18.1%19.95%17.81%22.83%19.17%

BFST SEC Filings & Documents

Business First Bancshares, Inc. (BFST) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 27, 2026·SEC

Material company update

Apr 2, 2026·SEC

Material company update

Feb 24, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 26, 2026·SEC

FY 2025

Mar 7, 2025·SEC

10-Q Quarterly Reports

6
FY 2025

Oct 30, 2025·SEC

FY 2025

Aug 5, 2025·SEC

FY 2025

May 2, 2025·SEC

BFST Frequently Asked Questions

Business First Bancshares, Inc. (BFST) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Business First Bancshares, Inc. (BFST) grew revenue by 11.8% over the past year. This is steady growth.

Yes, Business First Bancshares, Inc. (BFST) is profitable, generating $87.9M in net income for fiscal year 2025 (17.2% net margin).

Dividend & Returns

Yes, Business First Bancshares, Inc. (BFST) pays a dividend with a yield of 2.05%. This makes it attractive for income-focused investors.

Business First Bancshares, Inc. (BFST) has a return on equity (ROE) of 10.4%. This is reasonable for most industries.

Industry Metrics

Business First Bancshares, Inc. (BFST) has a net interest margin (NIM) of 3.3%. This indicates healthy earnings from lending activities.

Business First Bancshares, Inc. (BFST) has an efficiency ratio of 38.8%. This is excellent, indicating strong cost control.

Explore More BFST

Business First Bancshares, Inc. (BFST) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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