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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 $30.60Diluted shares 32.8M

Business First Bancshares, Inc. (Nasdaq: BFST) is a financial holding company and parent of b1BANK, a community-based bank serving small-to-midsized businesses, their owners and employees, as well as individuals and high-net-worth clients. Operating across Louisiana and in Houston and the Dallas/Fort Worth metroplex,… From the company’s description.

Over the twelve months to Sep 30, 2026, Business First Bancshares, Inc. reported revenue of $357.32M, up 11.9% from a year earlier, and net income of $94.65M. Its pre-tax margin was 33.1%. In fiscal 2025, it reported revenue of $324.71M, up 19.6% from fiscal 2024, and net income of $87.86M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$324.71MFY2025
+19.6% year over year
Last 12 mo $357.32M
33.97%FY2025
+3.4 percentage points
Last 12 mo 33.06%
$87.86MFY2025
+34.9% year over year
Last 12 mo $94.65M
9.80%FY2025
+1.7 percentage points
Last 12 mo 9.44%
Cash & financing
$92.08MFY2025
+50.0% year over year
Last 12 mo $114.42M
$92.02MFY2025
+53.8% year over year
Last 12 mo $114.42M
8.06FY2025
Was 8.72× a year earlier
Last 12 mo 7.82
29.5MFY2025
+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 and parent of b1BANK, a community-based bank serving small-to-midsized businesses, their owners and employees, as well as individuals and high-net-worth clients. Operating across Louisiana and in Houston and the Dallas/Fort Worth metroplex, b1BANK provides commercial, real estate and consumer loans; checking, savings and deposit products; treasury and cash management; wealth management and fiduciary services; and related services such as SBA lending, card products and merchant services. The company also offers SBA lending services through Waterstone and investment advisory services through Smith Shellnut Wilson. Its business is organized around banking and related financial services rather than separately reported operating segments. At December 31, 2025, Business First had $8.2 billion in total assets and $6.7 billion in deposits, and employed 842 people. Founded in 2006, the company has expanded through organic growth and acquisitions, including Oakwood Bancshares in 2024 and Progressive Bancorp in January 2026. Its website is www.b1bank.com.

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

Financial performance, year by year

Fiscal 2015–2025 · USD
$-35.73M$71.46M$178.66M$285.86M$393.06M20152016201720182019202020212022202320242025Last 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
32.1%
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
—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

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Business First Bancshares, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Business First Bancshares, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Business First Bancshares, Inc.'s last four quarterly filings that the numbers alone won't show?”
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