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BFSTBusiness First Bancshares, Inc.
$30.31$990M
Overview & Verdict
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BFST logoBusiness First Bancshares, Inc.(BFST)Earnings, Financials & Key Ratios

BFST•NASDAQ•Banking & Credit
$30.31
10.9× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommercial and middle-market focused banks
AboutBusiness First Bancshares, Inc. operates as the bank holding company for b1BANK that provides various banking products and services. It offers various deposit products and services, including checking, demand, money market, time, and savings accounts; and certificates of deposits, remote deposit capture, and direct deposit services. The company also provides commercial and industrial loans, such as commercial lines of credit, letters of credit, working capital, term, equipment financing, asset acquisition, expansion and development, borrowing base, and other loan products; construction and development loans; commercial real estate loans; residential real estate loans comprising first and second lien 1-4 family mortgage loans, and home equity lines of credit; and consumer loans, including secured and unsecured installment and term loans. In addition, it offers wealth management products, including mutual funds, annuities, individual retirement accounts, and other financial products, as well as other fiduciary services and private banking products and services. Further, the company provides a range of other financial services comprising debit and credit cards, treasury and cash management, merchant, automated clearing house, lock-box, receivables factoring, correspondent banking, and other treasury services, as well as employee and payroll benefits solutions; and drive-through banking facilities, automated teller machines, night depository, personalized checks, electronic funds transfer, domestic and foreign wire transfer, traveler's checks, vault, loan and deposit sweep accounts, online and mobile banking, e-statements, and bank-by-mail services. As of March 01, 2022, it operates approximately 48 full-service banking centers and three loan production offices across Louisiana, and in the Dallas and Houston markets. Business First Bancshares, Inc. was incorporated in 2006 and is headquartered in Baton Rouge, Louisiana.Show more
  • Net Interest Income$273M+20.1%
  • Total Revenue$512M+11.8%
  • Net Income$88M+34.9%
  • Return on Equity10.36%+14.9%
  • Net Interest Margin3.33%+14.9%
  • Efficiency Ratio38.77%+0.6%
  • ROA1.09%+21.3%
  • Equity / Assets10.92%+7.3%
  • Book Value per Share30.24

BFST Price & Volume

Business First Bancshares, Inc. (BFST) stock price & volume — 10-year historical chart

Loading chart...

Texas Expansion Drives Asset Growth Amidst Margins

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Expanding
Profitability:Moderate
Financial:Healthy
Cash Flow:Stable
Primary Risk:CRE and construction concentration

Key Thesis Takeaways

  • Business First Bancshares has successfully scaled its asset base from $6.6 billion in 2023Q4 to $8.9 billion in 2026Q1, primarily through aggressive expansion into Texas markets.
  • While net interest income has grown significantly to $75.2 million, the bank faces persistent margin pressure with a stagnant 0.8% NIM and potential credit risks stemming from its concentration in commercial real estate.
  • Investors should monitor whether the bank can maintain its 40.9% efficiency ratio while navigating the inherent volatility of its loan loss provisioning.

Verdict Logic

while the bank shows consistent growth in net interest income, the stagnant 0.8% NIM and potential credit risks from CRE concentration warrant a cautious valuation approach at a 1.02 P/B ratio.

BFST Growth Metrics

Business First Bancshares, Inc. (BFST) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years28.47%
5 Years24.85%
3 Years24.69%
TTM-

Profit CAGR

10 Years35.88%
5 Years23.98%
3 Years17.43%
TTM26.08%

EPS CAGR

10 Years16.97%
5 Years11.13%
3 Years6.21%
TTM16.05%

Return on Capital

10 Years6.83%
5 Years8.35%
3 Years7.56%
Last Year8.89%

BFST Recent Earnings

Business First Bancshares, Inc. (BFST) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 27, 2026
Metric
Actual
Est
EPS
$0.73+5.8%
$0.69
Rev
$89M-1.9%
$91M
Q1 2026
Jan 22, 2026
Metric
Actual
Est
EPS
$0.79+9.7%
$0.72
Rev
$83M+2.1%
$81M
Q4 2025
Oct 23, 2025
Metric
Actual
Est
EPS
$0.72+4.3%
$0.69
Rev
$81M-0.7%
$81M
Q3 2025
Jul 28, 2025
Metric
Actual
Est
EPS
$0.66+1.5%
$0.65
Rev
$78M-3.5%
$81M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 27, 2026
$0.73vs $0.69+5.8%
$89Mvs $91M-1.9%
Q1 2026Jan 22, 2026
$0.79vs $0.72+9.7%
$83Mvs $81M+2.1%
Q4 2025Oct 23, 2025
$0.72vs $0.69+4.3%
$81Mvs $81M-0.7%
Q3 2025Jul 28, 2025
$0.66vs $0.65+1.5%
$78Mvs $81M-3.5%
Based on last 12 quarters of dataView full earnings history →

Latest BFST News

Recent stock market news and headlines for Business First Bancshares, Inc. (BFST)

GlobeNewsWire·5 days ago
Business First Bancshares, Inc. Schedules Q2 2026 Earnings Release and Conference Call for July 23

BATON ROUGE, La., July 02, 2026 (GLOBE NEWSWIRE) -- Business First Bancshares, Inc. (Nasdaq: BFST), the parent company of b1BANK, announced that it will release its financial results for the second quarter ended June 30, 2026, after market close on Thurs.

Peers Comparison

Key metrics vs top competitors for Business First Bancshares, Inc. (BFST)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
BFST logoBFSTBusiness First Bancshares, Inc.Current
$30.31$990.47M10.9011.84%17.16%10.36%1.87%
SFBS logoSFBSServisFirst Bancshares, Inc.
$86.05$4.7B17.014.13%29.04%16.31%—
FFIN logoFFINFirst Financial Bankshares, Inc.
$34.67$4.97B19.5911.71%31.14%14.2%—
TCBI logoTCBITexas Capital Bancshares, Inc.
$104.54$4.57B15.3713.54%17.71%9.93%—
HOMB logoHOMBHome Bancshares, Inc.
$28.66$5.77B11.89-5.35%34.84%11.29%—
LKFN logoLKFNLakeland Financial Corporation
$61.57$1.53B15.35-1.93%25.81%14.79%—

Compare BFST vs Peers

Business First Bancshares, Inc. (BFST) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SFBS

Most directly comparable listed peer for BFST.

Scale Benchmark

vs ICE

Larger-name benchmark to compare BFST against a more recognizable public peer.

Peer Set

Compare Top 5

vs SFBS, FFIN, TCBI, HOMB

BFST SEC Filings & Documents

Business First Bancshares, Inc. (BFST) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 27, 2026·SEC

Material company update

Apr 27, 2026·SEC

Material company update

Apr 2, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 26, 2026·SEC

FY 2025

Mar 7, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

May 1, 2026·SEC

FY 2025

Oct 30, 2025·SEC

FY 2025

Aug 5, 2025·SEC

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BFST Frequently Asked Questions

Business First Bancshares, Inc. (BFST) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Business First Bancshares, Inc. growing?

Business First Bancshares, Inc. (BFST) grew revenue by 11.8% over the past year. This is steady growth.

Is BFST profitable?

Yes, Business First Bancshares, Inc. (BFST) is profitable, generating $90.9M in net income for fiscal year 2025 (17.2% net margin).

Dividend & Returns
Does BFST pay dividends?

Yes, Business First Bancshares, Inc. (BFST) pays a dividend with a yield of 1.87%. This makes it attractive for income-focused investors.

What is BFST's return on equity?

Business First Bancshares, Inc. (BFST) has a return on equity (ROE) of 10.4%. This is reasonable for most industries.

Industry Metrics
What is Business First Bancshares, Inc.'s net interest margin?

Business First Bancshares, Inc. (BFST) has a net interest margin (NIM) of 3.3%. This indicates healthy earnings from lending activities.

What is Business First Bancshares, Inc.'s efficiency ratio?

Business First Bancshares, Inc. (BFST) has an efficiency ratio of 38.8%. This is excellent, indicating strong cost control.

What if you invested $1,000 in BFST back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

See returns →