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…
Earnings analysis · 10-Q
BFST earnings analysis
Filed May 1, 2026 · Our reading of the company's report
The latest report
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…
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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.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.73
What stood out
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Net Income Growth
Net income available to common shareholders rose by $3.0 million (15.7%) year-over-year to $22.2 million.
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EPS Beat
Diluted EPS was reported at $0.68, slightly above the consensus estimate of $0.69.
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Robust Loan Growth
Total loans increased by $494.8 million (8%) to $6.7 billion as of March 31, 2026.
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Strong Deposit Growth
Total deposits rose by $766.4 million (11.4%) to $7.5 billion, bolstered by the Progressive acquisition.
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Increased Noninterest Income
Noninterest income increased by $824,000 (6.2%) to $14.1 million, marked by strong debit card and ATM fee income.
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Asset Growth
Total assets increased by $692.1 million (8.4%) to $8.9 billion, largely attributable to the acquisition.
What to watch
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Nonperforming Loans Increase
Nonperforming loans rose to 1.53% of total loans, up from 1.24% as of December 31, 2025.
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Credit Losses Provision
Provision for credit losses increased to $2.3 million from $2.0 million, indicating some deterioration in asset quality.
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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.
Management's outlook
No numeric forward guidance was provided in the MD&A.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.