BFST earnings analysis
What we found in BFST's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Business First Bancshares reported a net income of $22.2 million in Q1 2026, reflecting a 15.7% increase year-over-year, translating to diluted EPS of $0.68. The company faced a slight revenue miss with actual revenue at $89.2 million, falling short of the $90.8 million expected, while achieving a non-GAAP EPS of $0.73. Significant growth in total assets and loans was driven by the recent acquisition of Progressive Bancorp.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Net Income Growth
- Net income available to common shareholders rose by $3.0 million (15.7%) year-over-year to $22.2 million.
- EPS Beat
- Diluted EPS was reported at $0.68, slightly above the consensus estimate of $0.69.
- Robust Loan Growth
- Total loans increased by $494.8 million (8%) to $6.7 billion as of March 31, 2026.
- Strong Deposit Growth
- Total deposits rose by $766.4 million (11.4%) to $7.5 billion, bolstered by the Progressive acquisition.
- Increased Noninterest Income
- Noninterest income increased by $824,000 (6.2%) to $14.1 million, marked by strong debit card and ATM fee income.
- Asset Growth
- Total assets increased by $692.1 million (8.4%) to $8.9 billion, largely attributable to the acquisition.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Nonperforming Loans Increase
- Nonperforming loans rose to 1.53% of total loans, up from 1.24% as of December 31, 2025.
- Credit Losses Provision
- Provision for credit losses increased to $2.3 million from $2.0 million, indicating some deterioration in asset quality.
- Rise in Noninterest Expenses
- Total noninterest expense increased by $6.9 million (13.6%) to $57.5 million, mainly due to increased employee salaries and acquisition-related expenses.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.73
What they said about what is next.
No numeric forward guidance was provided in the MD&A.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 26, 2026
- Business First Bancshares reported multi-quarter revenue and margin improvement in 2025 with total assets of $8.2 billion and an expanding footprint via recent acquisitions. Fiscal 2025 quarterly results sum to…
- 10-Q · August 5, 2025
- Business First Bancshares reported stronger quarterly results with diluted EPS of $0.70 and net income of $22,103, up versus the year-ago quarter. Net interest income and operating cash generation improved materially,…
- 10-Q · May 2, 2025
- Business First reported strong Q1 results: total net revenue (net interest income + other income) of $79,209,000 and GAAP diluted EPS of $0.65. Net income rose to $20,543,000 (from $13,570,000 a year ago) while…
- 10-K · March 7, 2025
- Business First Bancshares (b1BANK) presents a coast-to-coast community/regional banking strategy focused on sophisticated small-to-midsized business lending ($1M–$10M target loans), supported by a branch-lite model and…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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