{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-022269","form_type":"8-K","ticker":"BFST","cik":"0001624322","company_name":"Business First Bancshares, Inc.","filed_at":"2025-07-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.508283+00:00","generated_at":"2026-05-18T09:17:01.578427+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Business First Bancshares to acquire Progressive Bancorp in stock deal valued ~$82.6M","bullets":["BFST to issue ~3.05M shares for Progressive at fixed exchange ratio of 6.63 BFST shares per Progressive share.","Deal valued at ~$82.6M based on BFST's July 3 close of $26.19; expected to close early Q1 2026.","Post-merger assets ~$8.5B, loans ~$6.6B; Progressive had $752M assets, $673M deposits as of Mar 2025.","Progressive shareholders, including directors/execs owning 30.7%, agreed to vote in favor.","George Cummings III to join BFST and b1BANK boards; David Hampton to be vice chairman of North Louisiana market."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-022269","json":"https://secwatch.observer/filing/0001437749-25-022269.json","markdown":"https://secwatch.observer/filing/0001437749-25-022269.md","text":"https://secwatch.observer/filing/0001437749-25-022269.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1624322/000143774925022269/0001437749-25-022269-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1624322/000143774925022269/bfbi20250703_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:17:01.578427+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}