Business First Bancshares, Inc. (BFST)
Business First Bancshares, Inc. brought in $12.3M of revenue over the twelve months to September 30, 2026, up 12.7% from a year earlier. Net income was $94.7M, a net margin of 768.0%. Operating cash flow minus capital spending left $92M of free cash flow in fiscal 2025. At September 30, 2026 it held $490M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 3, 2026.
Key facts about Business First Bancshares, Inc.
- Net worth
- Business First Bancshares, Inc. has a market value (market cap) of $1.1B at the latest share price, and shareholders' equity of $1B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations brought in $92.1M of cash; after $66K of capital spending, free cash flow was $92M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 3, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Business First Bancshares, Inc.'s next report is expected around January 21, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Business First Bancshares, Inc. declared dividends of $0.57 per share in fiscal 2025, a yield of 1.74% at the current price.
What Business First Bancshares, Inc. does
Business First Bancshares, Inc. is registered with the SEC under industry code SIC 6022 (State Commercial Banks). Its shares trade on NASDAQ under the ticker BFST.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $10.7M | $87.9M | $2.79 | $92M |
| 2024 | $10.6M | $65.1M | $2.26 | $59.8M |
| 2023 | $9.7M | $71M | $2.59 | $79.3M |
| 2022 | $8.3M | $54.3M | $2.32 | $61.8M |
| 2021 | $6.8M | $52.1M | $2.53 | $52.5M |
| 2020 | $5.4M | $30M | $1.64 | $26.4M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where BFST ranks in Finance
Dividends
Business First Bancshares, Inc. declared $0.57 per share in fiscal 2025. At the current price that is a yield of 1.74%. It paid out $16.8M in cash dividends, 19% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.57 | $16.8M | 19% |
| 2024 | $0.56 | $14.9M | 23% |
| 2023 | $0.50 | $12.7M | 18% |
| 2022 | $0.48 | $10.8M | 20% |
| 2021 | $0.46 | $9.4M | 18% |
| 2020 | $0.40 | $7.5M | 25% |
Latest SEC filings
What Business First Bancshares, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 3, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 30% to $3.3M versus the same quarter last year; diluted EPS $0.71 versus $0.73.
- October 29, 2026Other event 8-K
- October 26, 2026
- September 11, 2026
- July 31, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 21% to $3.2M versus the same quarter last year; diluted EPS $0.70 versus $0.70.
- July 27, 2026Passive stake changed SCHEDULE 13G/A
- July 23, 2026
- June 23, 2026
- May 27, 2026
- May 1, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 9.9% to $3.1M versus the same quarter last year; diluted EPS $0.68 versus $0.65.
What is BFST worth? A DCF from its reported cash flow
Insider trades
What the people running Business First Bancshares, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $1.4M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 29, 2026 | Cummings George W. IIIDirector | Sold | 18,373 | $583K |
| August 24, 2026 | Cummings George W. IIIDirector | Sold | 10,000 | $313.3K |
| August 21, 2026 | Cummings George W. IIIDirector | Sold | 4,200 | $131.3K |
| August 19, 2026 | Cummings George W. IIIDirector | Sold | 3,235 | $102.9K |
| August 18, 2026 | Cummings George W. IIIDirector | Sold | 10,000 | $317.8K |
| August 6, 2026 | Carter Donald ChadEVP, Correspondent Banking | Sold | 1,875 | $59.3K |
| August 5, 2026 | Hall William G.Director | Soldindirect | 9,723 | $310.8K |
| August 5, 2026 | Hall William G.Director | Soldindirect | 1,666 | $53.3K |
Who owns BFST
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 5.12% | April 29, 2026 |
Largest institutional holders
Insiders
25 insiders reported holding 1,786,475 shares in total, about $58.6M at the last price.
| Holder | Shares |
|---|---|
| Cummings George W. IIIDirector | 494,147 |
| Day Rick D.Director | 269,901 |
| Melville David R. IIIPresident and CEO, Director | 208,902 |
| Johnson Joseph VernonDirector | 172,073 |
| Folse Mark P.Director | 107,588 |
| Mccollister Rolfe H. Jr.Director | 94,096 |
| Jordan PhilipEVP&CBO of b1Bank | 81,008 |
| Mansfield KeithEVP&COO of b1Bank | 77,139 |
| Robertson GregEVP and CFO | 69,532 |
| Mockler Patrick E.Director | 33,159 |
Questions about BFST
What does Business First Bancshares, Inc. do?
Business First Bancshares, Inc. is a company in the Finance sector, listed on NASDAQ as BFST. Its shares trade on NASDAQ under the ticker BFST.
What is Business First Bancshares, Inc.'s net worth?
Business First Bancshares, Inc. has a market value (market cap) of $1.1B at the latest share price, and shareholders' equity of $1B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Business First Bancshares, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $94.7M on revenue of $12.3M, a net margin of 768.0%.
How much revenue does Business First Bancshares, Inc. make?
Over the twelve months to September 30, 2026 Business First Bancshares, Inc. reported revenue of $12.3M. That is 12.7% more than a year earlier.
When did Business First Bancshares, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 3, 2026. It covers the period to September 30, 2026.
When is Business First Bancshares, Inc.'s next earnings report?
Business First Bancshares, Inc.'s next report is expected around January 21, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Business First Bancshares, Inc. pay a dividend?
Yes. Business First Bancshares, Inc. declared dividends of $0.57 per share in fiscal 2025, a yield of 1.74% at the current price.
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Where the numbers come from
Financial figures are the values Business First Bancshares, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.