Source-grounded facts extracted from Business First Bancshares, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Business First Bancshares, Inc. reported the quarter ended March 31, 2026 results: net income $22.2 million, EPS $0.68 per diluted common share.
“Business First Bancshares, Inc. (NASDAQ: BFST) (Business First), parent company of b1BANK, today announced its unaudited results for the quarter ended March 31, 2026. Business First reported net income available to common shareholders of $22.2 million or $0.68 per diluted common share, an increase of $1.2 million and a decrease of $0.03, respectively, compared to the linked quarter.”
Debt Financings
Business First Bancshares, Inc. incurred senior notes of $85.0 million at 6.50% fixed-to-floating rate maturing 2036.
“On April 2, 2026, Business First Bancshares, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with certain qualified institutional buyers and accredited investors pursuant to which the Company sold and issued $85.0 million in aggregate principal amount of 6.50% fixed-to-floating rate subordinated notes due 2036 (the “Notes”) in a private placement transaction.”
M&A Transactions
Business First Bancshares, Inc. completed an acquisition involving Progressive Bancorp, Inc. for approximately 3,197,185 shares of BFST common stock (closed 2026-01-01).
“stock underlying such Progressive restricted stock award, without interest. The total aggregate consideration delivered to holders of Progressive common stock was approximately 3,197,185 shares of BFST common stock. The issuance of shares of BFST common stock in connection with the Merger was registered under the Securities Act of 1933, as amended (the “Securities”
Alejandro M. Sanchez was appointed as director at Business First Bancshares, Inc..
“On March 27, 2025, the boards of directors of Business First Bancshares, Inc. (“Business First”) and b1BANK appointed Alejandro M. Sanchez to serve as a director of each of Business First and b1BANK.”
William G. Hall was appointed as Director at Business First Bancshares, Inc..
“appointed Mr. William G. Hall to the BFST Board.”
Earnings Releases
Business First Bancshares, Inc. reported first quarter of 2024 results: net income $12.2 million, EPS $0.48 per diluted common share.
“On April 25, 2024, BFST issued a press release announcing its consolidated financial results for the first quarter of 2024.”
Material Agreements
Business First Bancshares, Inc. entered into Agreement and Plan of Reorganization with Oakwood Bancshares, Inc. valued at $85.7 million (effective 2024-04-25).
“On April 25, 2024, Business First Bancshares, Inc., a Louisiana corporation (“BFST”), and Oakwood Bancshares, Inc., a Texas corporation (“Oakwood”), entered into an Agreement and Plan of Reorganization (the “Reorganization Agreement”), providing for the acquisition by BFST of Oakwood through the merger of Oakwood with and into BFST, with BFST surviving the merger (the “Merger”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.