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Companies / Financials / Business First Bancshares, Inc.
BFST

Business First Bancshares, Inc.

FinancialsBanks & Brokers
Ticker BFSTBATON ROUGE, LAFiscal year ends DecemberBook value per share $30.77Diluted shares 32.8M

Business First Bancshares, Inc. (Nasdaq: BFST) is a financial holding company headquartered in Baton Rouge, Louisiana, and parent to b1BANK, a Louisiana state banking association. The company operates as a community-based financial institution serving small-to-midsized businesses and high net worth individuals across… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$324.71M
+19.6% year over year
Last 12 mo $345.10M
33.97%
+3.4 percentage points
Last 12 mo 33.69%
$87.86M
+34.9% year over year
Last 12 mo $92.95M
9.80%
+1.7 percentage points
Last 12 mo 9.22%
Cash & financing
$92.08M
+50.0% year over year
Last 12 mo $103.14M
$92.02M
+53.8% year over year
Last 12 mo $103.14M
8.06
Was 8.72× a year earlier
Last 12 mo 0.56
29.5M
+11.7% year over year
Last 12 mo 32.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Business First Bancshares, Inc. does

In the company’s own words

Business First Bancshares, Inc. (Nasdaq: BFST) is a financial holding company headquartered in Baton Rouge, Louisiana, and parent to b1BANK, a Louisiana state banking association. The company operates as a community-based financial institution serving small-to-midsized businesses and high net worth individuals across Louisiana, the Dallas/Fort Worth metroplex, and Houston through a network of banking centers and loan production offices. The company's website is www.b1bank.com.

As of December 31, 2025, Business First Bancshares operates with total consolidated assets of $8.2 billion, total loans of $6.2 billion, total deposits of $6.7 billion, and shareholders' equity of $896.9 million. The company employs 842 total employees, comprising 821 full-time and 21 part-time workers, with full-time equivalents of 831.

The company's core business centers on sophisticated business lending capabilities targeting commercial and industrial loans, commercial real estate loans, construction and development loans, and residential real estate loans. Business First also offers comprehensive deposit products including business checking and savings accounts, certificates of deposit, money market accounts, and treasury management services. Additional offerings include wealth management services, cash management, SBA products, debit and credit cards, merchant services, and correspondent banking services.

Business First's competitive strengths include its expertise in serving underserved small-to-midsized businesses with credit needs between one million and ten million dollars, a true community banking model with decentralized decision-making authority, an entrepreneurial culture attracting talented bankers from larger institutions, and significant investments in technology and risk management infrastructure. The company maintains a disciplined expansion strategy focused on organic growth supplemented by strategic acquisitions.

Recent acquisition activity includes Waterstone LSP, LLC in January 2024, Oakwood Bancshares, Inc. in October 2024, and Progressive Bancorp, Inc. in January 2026. These acquisitions expanded the company's presence in Texas markets and northern Louisiana. Business First's subsidiary entities include Business First Insurance, LLC, Smith Shellnut Wilson, Waterstone, and b1Securities.

Company details
Sector
Financials
Industry
Banks & Brokers
Headquarters
BATON ROUGE, LA
Fiscal year end
December
CIK
1624322
SIC
6022

Financial performance, year by year

Fiscal 2015–2025 · USD
$-34.51M$69.02M$172.55M$276.08M$379.60M20152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Business First Bancshares, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

192
funds hold it
0 of 35
superinvestors hold it
$307.80M
held by funds, at market
31.8%
of shares held by funds

Largest fund holders · Business First Bancshares, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.03%of fund net assets
Janus Henderson Small Cap Value Fund
JSIVX · Janus Investment Fund
1.99%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.09%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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