---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-021664"
form_type: "8-K"
ticker: "BFST"
cik: "0001624322"
company_name: "Business First Bancshares, Inc."
filed_at: "2022-09-01T23:59:59+00:00"
generated_at: "2026-06-23T17:34:49.596644+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Business First Bancshares raises $72M via preferred stock private placement

## Summary
- Raised $72.0M through self-managed private placement of 7.50% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A.
- Dividends: fixed 7.50% for first five years, then 3-month SOFR + 470 bps quarterly; non-cumulative.
- Preferred stock qualifies as additional Tier 1 capital under regulatory guidelines.
- Proceeds to support b1BANK's growth, strategic opportunities, repay holding company debt, and general corporate purposes.
- Perpetual term, no mandatory redemption; redeemable at $1,000/share after Aug 31, 2027, subject to regulatory approval.

## SEC filing metadata
- accession: 0001437749-22-021664
- form_type: 8-K
- ticker: BFST
- cik: 0001624322
- company_name: Business First Bancshares, Inc.
- filed_at: 2022-09-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1624322/000143774922021664/0001437749-22-021664-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1624322/000143774922021664/bfbi20220831_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-021664
- JSON: https://secwatch.observer/filing/0001437749-22-021664.json
- Plain text: https://secwatch.observer/filing/0001437749-22-021664.txt

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