secwatch.observer — SEC 8-K summary
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Issuer:     Business First Bancshares, Inc. (BFST)
CIK:        0001624322
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001437749-24-013258
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Business First Bancshares acquires Oakwood Bancshares in $85.7M stock deal; Q1 EPS $0.48
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- All-stock merger valued at $85.7M; Oakwood shareholders receive 0.5112 BFST shares per Oakwood share.
- Q1 2024 net income to common $12.2M ($0.48 diluted EPS); core net income $12.8M ($0.50 diluted EPS).
- Deposits increased $324M (6.17%) QoQ; loans grew $96.1M (1.92%).
- Deal expected to close in Q4 2024, subject to regulatory and Oakwood shareholder approval.
- Quarterly common dividend $0.14 per share, payable May 31, 2024, to holders of record May 15.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624322/000143774924013258/0001437749-24-013258-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624322/000143774924013258/bfbi20240424_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-013258

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