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BFST

Business First Bancshares, Inc.

BFST

Business First Bancshares, Inc. • NASDAQ
$26.02 ▼ -0.88% (-0.23)
Market Cap $770.59 M
52w High $29.03
52w Low $20.07
Dividend Yield 0.57%
P/E 10.05
Volume 38.94K
Outstanding Shares 29.62M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $130.226M ▲ $48.749M ▲ $22.856M ▲ 17.551% ▲ $-1.35 ▼ $30.279M ▲
Q2-2025 $126.151M ▲ $48.092M ▼ $22.103M ▲ 17.521% ▲ $0.7 ▲ $29.461M ▲
Q1-2025 $125.538M ▼ $49.197M ▼ $20.543M ▲ 16.364% ▲ $0.65 ▲ $27.257M ▲
Q4-2024 $127.813M ▲ $49.384M ▲ $16.488M ▼ 12.9% ▼ $0.52 ▼ $22.868M ▼
Q3-2024 $113.179M $42.114M $17.843M 15.765% $0.65 $24.094M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $446.797M ▼ $7.954B ▲ $7.075B ▼ $878.44M ▲
Q2-2025 $1.046B ▲ $7.948B ▲ $7.1B ▲ $848.44M ▲
Q1-2025 $344.751M ▼ $7.785B ▼ $6.958B ▼ $826.312M ▲
Q4-2024 $347.756M ▼ $7.857B ▲ $7.058B ▲ $799.466M ▲
Q3-2024 $1.129B $6.889B $6.189B $699.524M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $22.856M ▲ $32.409M ▲ $-92.555M ▼ $-36.532M ▼ $-96.678M ▼ $32.075M ▲
Q2-2025 $22.103M ▲ $14.021M ▼ $-17.055M ▼ $185.904M ▲ $182.87M ▲ $13.799M ▼
Q1-2025 $20.543M ▲ $28.726M ▲ $71.761M ▲ $-106.698M ▼ $-6.211M ▼ $27.504M ▲
Q4-2024 $16.488M ▼ $17.33M ▼ $-1.91M ▲ $90.479M ▼ $105.899M ▲ $17.605M ▼
Q3-2024 $17.843M $21.405M $-153.718M $137.461M $5.148M $21.012M

Five-Year Company Overview

Income Statement

Income Statement The bank has grown its revenue steadily over the past five years, showing it can attract more business and put its balance sheet to work. Profit levels have generally risen as well, though earnings per share have bounced around a bit rather than moving in a straight line upward. The most recent year shows higher revenue but slightly softer profitability, suggesting that funding costs, credit provisions, or operating expenses are starting to weigh more on margins. Overall, the income statement reflects a bank that has scaled meaningfully, remains solidly profitable, but is now managing through a tougher operating environment where maintaining margin will be a key challenge.

Balance Sheet

Balance Sheet The balance sheet has expanded significantly, with total assets climbing each year as the bank lends more and executes on acquisitions. Cash and liquid resources have improved compared with a few years ago, which is helpful in a more volatile banking landscape. Debt levels moved up as the bank grew, then eased somewhat most recently, while shareholder equity has built steadily, supporting a stronger capital base. In plain terms, this looks like a growing regional bank that has bulked up its size and capital, but still needs to carefully balance growth, funding, and leverage as conditions change.

Cash Flow

Cash Flow Cash generation from the core business has been consistently positive and has trended upward, which is encouraging for a bank pursuing growth. Free cash flow closely tracks operating cash flow, indicating that ongoing investment needs are relatively modest and manageable. This pattern suggests that the bank’s day‑to‑day operations are self‑funding and that it has some flexibility to support dividends, acquisitions, or technology investments without stretching its resources. The key watchpoint is whether this healthy cash profile can be sustained if credit costs or funding pressures rise.

Competitive Edge

Competitive Edge Within regional banking, the company is positioning itself as a tech‑forward community bank: big enough to offer sophisticated services, small enough to stay relationship‑driven. Its modern core systems, data analytics, and treasury capabilities give it tools that many traditional community banks lack, especially for serving small and mid‑sized businesses. Strategic acquisitions have expanded its footprint and talent base, helping it build scale while staying anchored in its core markets. On the risk side, it still faces the usual regional bank challenges: local economic cycles, competition from both big banks and digital players, and the need to integrate acquisitions smoothly without diluting its high‑touch service model.

Innovation and R&D

Innovation and R&D Instead of classic R&D labs, this bank’s innovation shows up in technology partnerships and product design. Moving to a modern core platform and advanced analytics is a foundational shift that can improve efficiency, reduce errors, and enable more tailored offerings to customers. The partnership with Spiral and features like round‑up savings and charitable giving reflect a push into more engaging, socially aware retail banking. On the commercial side, its SBA lending expertise, advanced treasury tools, and planned derivatives offerings move it closer to what larger banks provide. The main execution risks are delivering these upgrades without operational disruption and ensuring customers actually adopt and value the new digital capabilities.

Summary

Overall, Business First Bancshares looks like a growth‑oriented regional bank that has scaled up meaningfully while staying consistently profitable and cash‑generative. Its balance sheet has grown and strengthened, though with higher complexity and the usual regional bank sensitivities to interest rates, credit quality, and funding. What stands out is its deliberate push to combine community‑bank relationships with modern technology and data‑driven decision making. If it can keep integrating acquisitions smoothly, protect margins, and successfully roll out its tech and product roadmap, it has a clear path to remain competitive in a crowded regional banking landscape. At the same time, it remains exposed to macro conditions and execution risks typical of fast‑growing, acquisitive banks, which will be important to watch over the next few years.

NEWS

October 28, 2025 · 4:30 PM UTC

Business First Bancshares, Inc. Announces Stock Repurchase Program

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October 23, 2025 · 4:05 PM UTC

Business First Bancshares, Inc., Announces Financial Results for Q3 2025

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October 1, 2025 · 5:30 PM UTC

Business First Bancshares, Inc. Announces Third Quarter 2025 Earnings Release Date and Conference Call

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