BFST to acquire Texas Citizens Bancorp for ~$52.9M in stock; Q3 EPS $0.50

Business First Bancshares, Inc.

Acquired TCBI for ~$52.9M in stock; TCBI shareholders receive 0.7038 BFST shares per TCBI share.
Merger expected to close Q1 2022, subject to regulatory and TCBI shareholder approvals.
Q3 net income $10.3M ($0.50 diluted EPS); core net income $10.9M ($0.53 diluted EPS).
Total loans held for investment grew $211.4M (7.40% quarterly, 29.61% annualized).
Quarterly dividend maintained at $0.12 per share; paid Nov 30 to record Nov 15.

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