secwatch.observer — SEC 8-K summary
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Issuer:     Business First Bancshares, Inc. (BFST)
CIK:        0001624322
Form:       8-K
Filed at:   2021-10-21T23:59:59+00:00
Accession:  0001437749-21-024011
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624322/000143774921024011/0001437749-21-024011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624322/000143774921024011/bfbi20211020_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-024011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer