secwatch.observer — SEC 8-K summary
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Issuer:     Business First Bancshares, Inc. (BFST)
CIK:        0001624322
Form:       8-K
Filed at:   2026-04-27T23:59:59+00:00
Accession:  0001624322-26-000024
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Business First Q1 net income $22.2M ($0.68 EPS); closes Progressive acquisition; declares $0.15 dividend
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- Net income available to common shareholders of $22.2M ($0.68 diluted EPS); core net income $24.0M ($0.73 diluted EPS) (non-GAAP).
- Closed Progressive Bancorp acquisition on Jan 1, 2026, adding ~$774M assets, $590M loans, $685M deposits, nine branches.
- Common dividend declared $0.15/share, payable May 29 to holders May 15; preferred dividend $18.75/share.
- Subsequent to quarter-end: issued $85M of 6.50% subordinated notes due 2036; used $66.9M to redeem existing sub debt.
- Loans held for investment up $495M (8%) including Progressive; organic loans declined $103M (1.5%). NPL ratio 1.53% (up 29bps).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624322/000162432226000024/0001624322-26-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624322/000162432226000024/bfst-20260427.htm
  HTML page:      https://secwatch.observer/filing/0001624322-26-000024

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