Alejandro M. Sanchez
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.
Highest-materiality recent filing
Business First Bancshares Q2 net income $22.8M ($0.70 EPS); NIM expands 8 bps to 3.73%
Net income available to common shareholders $22.8M ($0.70 diluted EPS), up from $22.2M linked quarter.
Net income available to common shareholders of $22.2M ($0.68 diluted EPS); core net income $24.0M ($0.73 diluted EPS) (non-GAAP).
BFST Q4 net income $21M ($0.71), FY net income $82.5M ($2.79); common dividend $0.15
Q4 net income $21.0M ($0.71 diluted EPS); core EPS $0.79. FY net income $82.5M ($2.79) up 38% YoY.
Business First Bancshares Q4 net income $21M, FY2025 EPS $2.79; dividend $0.15
Q4 GAAP net income $21.0M ($0.71 diluted EPS); core net income $23.5M ($0.79).
Business First Bancshares completes acquisition of Progressive Bancorp
Closed Jan 1, 2026; Progressive shareholders received ~3.2M BFST shares (6.63x exchange ratio).
Business First Q3 net income $21.5M ($0.73 EPS); dividend raised to $0.15
Net income available to common shareholders of $21.5M, or $0.73 diluted EPS; core net income $21.2M ($0.72).
BFST Q2 net income $20.8M ($0.70/sh), up QoQ; common dividend $0.14
Net income available to common $20.8M ($0.70 diluted EPS), up $1.6M and $0.05 from linked quarter.
Business First Bancshares to acquire Progressive Bancorp in stock deal valued ~$82.6M
BFST to issue ~3.05M shares for Progressive at fixed exchange ratio of 6.63 BFST shares per Progressive share.
Business First Bancshares Q1 2025 EPS $0.65, NIM expands 7 bps; NPL ratio rises to 0.69%
Net income available to common shareholders $19.2M ($0.65 diluted EPS), up from $15.1M linked quarter.
Business First Q4 net income $15.1M, FY net income $59.7M; Oakwood acquisition adds scale
Q4 net income available to common $15.1M ($0.51 diluted EPS); core net income $19.5M ($0.66 diluted EPS).
BFST Q3 net income $16.5M ($0.65 EPS); closes Oakwood acquisition; declares $0.14 common dividend
Q3 net income available to common shares: $16.5M, $0.65 diluted EPS; core EPS $0.68.
BFST closes Oakwood Bancshares acquisition; issues ~3.9M shares; combined assets $7.6B
Acquisition effective Oct. 1, 2024; each Oakwood share exchanged for 0.5112 BFST shares.
BFST receives all regulatory approvals for Oakwood Bancshares merger; completion expected Oct 1
Regulatory approvals obtained from Fed, FDIC, Louisiana OFI, Texas Banking Dept.
Business First Bancshares Q2 net income $15.9M, EPS $0.62; NIM expands to 3.45%
Net income available to common $15.9M ($0.62 diluted); core EPS $0.64, up $0.14 QoQ.
Business First Bancshares acquires Oakwood Bancshares in $85.7M stock deal; Q1 EPS $0.48
All-stock merger valued at $85.7M; Oakwood shareholders receive 0.5112 BFST shares per Oakwood share.
FY2023 net income available to common shareholders $65.6M, diluted EPS $2.59, up $12.7M from prior year.
Business First Bancshares Q3 net income $19.1M, EPS $0.76; raises common dividend to $0.14
Q3 net income available to common shareholders $19.1M ($0.76 diluted EPS), up 3.8% linked quarter and 38% YoY.
Business First Q2 2023 net income $18.4M, EPS $0.73; core EPS $0.70
GAAP EPS $0.73, up $0.19 QoQ and $0.12 YoY; core EPS $0.70, up $0.15 QoQ and $0.06 YoY.
BFST Q1 EPS $0.54; NIM compresses to 3.75%; loans grow 4.3%
Net income to common $13.7M ($0.54 diluted) vs $16.6M ($0.67) linked quarter; core EPS $0.55.
Business First Bancshares Q4 net income $16.6M ($0.67/sh); loans grow 15.8% annualized
Q4 2022 net income available to common shareholders $16.6M ($0.67 diluted EPS); core net income $16.4M ($0.66).
Business First Q3 net income $13.8M, EPS $0.61; core EPS rises to $0.72
Loans held for investment grew $316.2M (7.69% QoQ) to $4.4B; annualized 30.74%.
Business First Bancshares raises ~$46.8M in 2.5M share offering at $20/share
Issued 2,500,000 shares of Common Stock at $20.00 per share in underwritten public offering.
Business First Bancshares announces $46.75M common stock offering at $20/share
Underwritten public offering of 2.5M shares at $20.00 per share; net proceeds ~$46.75M.
Business First Bancshares raises $72M via preferred stock private placement
Raised $72.0M through self-managed private placement of 7.50% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A.
Business First Q2 net income $13.8M ($0.61 EPS), up from $8.7M Q1; loans grow 9.7% QoQ
Net income $13.8M ($0.61 diluted EPS) vs $8.7M ($0.41) Q1 2022; core EPS $0.64.
Business First Q1 net income $8.7M ($0.41 EPS) down from Q4; completes Texas Citizens acquisition
Net income $8.7M ($0.41 diluted EPS) vs $12.1M ($0.59) in Q4 2021; core EPS $0.49.
Business First Bancshares completes acquisition of Texas Citizens Bancorp, expanding to Houston
Deal closed March 1, 2022; TCBI shareholders received 0.7038 BFST shares per TCBI share, ~2.1M shares issued.
Business First Q4 net income $12.1M ($0.59 EPS); FY2021 net income $52.1M, dividend $0.12
FY2021 net income $52.1M ($2.53 diluted EPS) vs $30.0M ($1.64) in 2020; core EPS $2.61.
BFST to acquire Texas Citizens Bancorp for ~$52.9M in stock; Q3 EPS $0.50
Acquired TCBI for ~$52.9M in stock; TCBI shareholders receive 0.7038 BFST shares per TCBI share.
Business First Q2 net income $17.4M ($0.84 EPS); core EPS $0.90; loan growth ex-PPP 26% annualized
Q2 net income $17.4M ($0.84 diluted EPS) vs $12.3M ($0.59) in Q1; core net income $18.7M ($0.90).
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.
appointed Mr. William G. Hall to the BFST Board.
Max materiality 0.85 · Median 0.65 · Most common event earnings