---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-21-024011"
form_type: "8-K"
ticker: "BFST"
cik: "0001624322"
company_name: "Business First Bancshares, Inc."
filed_at: "2021-10-21T23:59:59+00:00"
generated_at: "2026-06-28T19:14:08.410298+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-21-024011
- form_type: 8-K
- ticker: BFST
- cik: 0001624322
- company_name: Business First Bancshares, Inc.
- filed_at: 2021-10-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1624322/000143774921024011/0001437749-21-024011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1624322/000143774921024011/bfbi20211020_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-21-024011
- JSON: https://secwatch.observer/filing/0001437749-21-024011.json
- Plain text: https://secwatch.observer/filing/0001437749-21-024011.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.