Business First Bancshares, Inc. (BFST)
Nasdaq · State Commercial Banks · Finance, insurance and real estate · CIK 1624322 · fiscal year ends in Dec
Closing price $31.75 on 29 Oct 2026; 52-week range $24.25 to $32.28.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $345.1M
- Revenue growth
- 13.1%
- Net income, last twelve months
- $93.0M
- Earnings per share
- $2.82
- Net margin
- 26.9%
- Return on equity
- 9.2%
- Market value
- $936.8M
- Price to earnings
- 11.3x
- Dividend yield
- 1.9%
- Cash
- $575.6M
- Debt
- $590.9M
- Debt to equity
- 0.59
- Shares outstanding
- 29.5M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $324.7M | – | $87.9M | $2.79 | $92.0M | 10-K filed 26 Feb 2026 |
| FY2024 | 31 Dec 2024 | $271.6M | – | $65.1M | $2.26 | $59.8M | 10-K filed 7 Mar 2025 |
| FY2023 | 31 Dec 2023 | $251.8M | – | $71.0M | $2.59 | $79.3M | 10-K filed 1 Mar 2024 |
| FY2022 | 31 Dec 2022 | $228.9M | – | $54.3M | $2.32 | $61.8M | 10-K filed 2 Mar 2023 |
| FY2021 | 31 Dec 2021 | $189.7M | – | $52.1M | $2.53 | $52.5M | 10-K filed 1 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $91.8M | $24.2M | $0.70 |
| Q1 FY2026 | 31 Mar 2026 | $89.2M | $23.6M | $0.68 |
| Q4 FY2025 | 31 Dec 2025 | $83.1M | $22.4M | $0.71 |
| Q3 FY2025 | 30 Sep 2025 | $80.9M | $22.9M | $0.73 |
| Q2 FY2025 | 30 Jun 2025 | $81.5M | $22.1M | $0.70 |
| Q1 FY2025 | 31 Mar 2025 | $79.2M | $20.5M | $0.65 |
| Q4 FY2024 | 31 Dec 2024 | $77.6M | $16.5M | $0.51 |
| Q3 FY2024 | 30 Sep 2024 | $66.9M | $17.8M | $0.65 |
Company events
The newest 8-K filings of 130 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 29 Oct 2026 | 8-K | Other events | 8.01, 9.01 |
| 26 Oct 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 11 Sep 2026 | 8-K | Leadership change | 5.02 |
| 23 Jul 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 27 May 2026 | 8-K | Shareholder vote | 5.07 |
| 27 Apr 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 2 Apr 2026 | 8-K | Material agreement, New debt, Investor update | 1.01, 2.03, 7.01, 9.01 |
| 24 Feb 2026 | 8-K | Leadership change | 5.02 |
| 23 Jan 2026 | 8-K/A | Results | 2.02, 9.01 |
| 22 Jan 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 5 Jan 2026 | 8-K | Deal completed, Leadership change, Other events | 2.01, 5.02, 8.01, 9.01 |
| 4 Nov 2025 | 8-K | Leadership change | 5.02, 9.01 |
Every filing
The newest filings with the SEC of 307 held.
| Filed | Form | Period |
|---|---|---|
| 29 Oct 2026 | 8-K | 29 Oct 2026 |
| 26 Oct 2026 | 8-K | 26 Oct 2026 |
| 11 Sep 2026 | 8-K | 9 Sep 2026 |
| 31 Jul 2026 | 10-Q | 30 Jun 2026 |
| 23 Jul 2026 | 8-K | 23 Jul 2026 |
| 23 Jun 2026 | 11-K | 31 Dec 2025 |
| 27 May 2026 | 8-K | 21 May 2026 |
| 1 May 2026 | 10-Q | 31 Mar 2026 |
| 27 Apr 2026 | 8-K | 27 Apr 2026 |
| 14 Apr 2026 | D | – |
| 8 Apr 2026 | DEF 14A | 21 May 2026 |
| 2 Apr 2026 | 8-K | 2 Apr 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 24 Aug 2026 | Cummings George W. Iii, Director | Sale outside a trading plan | 10,000 | $31.33 | $313.3K | 183,745 | 25 Aug 2026 |
| 21 Aug 2026 | Cummings George W. Iii, Director | Sale outside a trading plan | 4,200 | $31.27 | $131.3K | 193,745 | 25 Aug 2026 |
| 19 Aug 2026 | Cummings George W. Iii, Director | Sale outside a trading plan | 3,235 | $31.80 | $102.9K | 197,945 | 21 Aug 2026 |
| 18 Aug 2026 | Cummings George W. Iii, Director | Sale outside a trading plan | 10,000 | $31.78 | $317.8K | 201,180 | 19 Aug 2026 |
| 6 Aug 2026 | Carter Donald Chad, EVP, Correspondent Banking | Sale outside a trading plan | 1,875 | $31.64 | $59.3K | 12,642 | 7 Aug 2026 |
| 5 Aug 2026 | Hall William G., Director | Sale outside a trading plan | 9,723 | $31.97 | $310.8K | 0 | 7 Aug 2026 |
| 5 Aug 2026 | Hall William G., Director | Sale outside a trading plan | 1,666 | $31.97 | $53.3K | 3,550 | 7 Aug 2026 |
| 5 Aug 2026 | Strong Saundra, EVP & General Counsel | Sale outside a trading plan | 1,000 | $31.98 | $32.0K | 4,878 | 6 Aug 2026 |
| 3 Aug 2026 | Cummings George W. Iii, Director | Sale outside a trading plan | 10,000 | $31.87 | $318.7K | 211,180 | 5 Aug 2026 |
| 31 Jul 2026 | Cummings George W. Iii, Director | Sale outside a trading plan | 10,000 | $31.50 | $315.0K | 221,180 | 31 Jul 2026 |
| 30 Jul 2026 | Mansfield Keith, EVP&COO of b1Bank | Sale outside a trading plan | 4,200 | $32.08 | $134.7K | 77,139 | 31 Jul 2026 |
| 30 Jul 2026 | Cummings George W. Iii, Director | Sale outside a trading plan | 10,000 | $32.08 | $320.8K | 231,180 | 31 Jul 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 29 Oct 2026 | George W. Cummings, Director | 18,373 | $583.7K | 29 Oct 2026 |
| 24 Aug 2026 | George W. Cummings, Director | 2,435 | $76.2K | 24 Aug 2026 |
| 18 Aug 2026 | George W. Cummings, Director | 25,000 | $799.3K | 18 Aug 2026 |
| 6 Aug 2026 | Carter Donald Chad, Officer | 1,875 | $60.0K | 6 Aug 2026 |
| 5 Aug 2026 | William G. Hall, Director | 11,389 | $365.2K | 5 Aug 2026 |
| 30 Jul 2026 | KEITH MANSFIELD, Officer | 4,200 | $134.7K | 30 Jul 2026 |
| 30 Jul 2026 | George W. Cummings, Director | 30,000 | $958.2K | 30 Jul 2026 |
| 28 Jul 2026 | George W. Cummings, Director | 20,000 | $641.6K | 28 Jul 2026 |
| 27 Jul 2026 | Johnson Joseph Vernon, Director | 12,000 | $373.9K | 28 Jul 2026 |
| 9 Jun 2026 | George W. Cummings, Director | 20,445 | $586.6K | 9 Jun 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 27 Jul 2026 | BlackRock, Inc. | 13G amended | 8% | 2.6M |
| 29 Apr 2026 | Vanguard Capital Management | 13G | 5.12% | 1.7M |
| 26 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 1.2M | -4.63% | 5.97 |
| 30 Sep 2026 | 1.2M | +11.17% | 5.69 |
| 15 Sep 2026 | 1.1M | +9.57% | 5.82 |
| 31 Aug 2026 | 1.0M | -4.27% | 5.45 |
| 14 Aug 2026 | 1.1M | +25.16% | 4.51 |
| 31 Jul 2026 | 846.9K | -9.99% | 3.45 |
| 15 Jul 2026 | 940.9K | -10.91% | 4.41 |
| 30 Jun 2026 | 1.1M | +70.71% | 2.61 |
Funds that hold it
From each fund's latest Form 13F.
186 funds held it at 30 Jun 2026: 93 added and 35 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| BlackRock, Inc. | 2,732,988 | $84.0M | +286,027 |
| Vanguard Capital Management LLC | 1,399,712 | $43.0M | -31,450 |
| Dimensional Fund Advisors LP | 1,311,018 | $40.3M | +145,298 |
| Jupiter Topco LLC | 1,089,827 | $33.5M | – |
| State Street Corp. | 1,045,212 | $32.1M | +384,122 |
| American Century Companies Inc. | 1,025,919 | $31.5M | +135,528 |
| Royce & Associates LP | 931,811 | $28.6M | +95,713 |
| Geode Capital Management, LLC | 863,416 | $26.5M | +53,412 |
| Bank of New York Mellon Corp | 450,790 | $13.9M | +8,937 |
| Manufacturers Life Insurance Company, the | 432,026 | $13.3M | -2,905 |
Peers
Companies in the same industry.
- Bank of Nova Scotia (BNS): revenue $27.0B, market value $118.0B
- Bank of New York Mellon Corp. (BNY): revenue $21.4B, market value $101.3B
- Itaú Unibanco Holding S.A. (ITUB): revenue $30.1B, market value $81.3B
- Fifth Third Bancorp (FITB): revenue $10.7B, market value $49.4B
- State Street Corp. (STT): revenue $15.5B, market value $47.4B
- M&T Bank Corp. (MTB): revenue $10.0B, market value $32.4B
- Northern Trust Corp. (NTRS): revenue $9.3B, market value $31.3B
- Banco Bradesco S.A. (BBD): revenue –, market value $27.8B
- Citizens Financial Group Inc. (CFG): revenue $8.9B, market value $27.7B
- First Citizens Bancshares Inc. (FCNCA): revenue $9.6B, market value $27.5B