Recent Updates — BFST
The Board of Directors approved a new stock repurchase program authorizing the company to buy back up to $30 million of common stock. The program is effective October 29, 2026, and will continue until October 28, 2028. It replaces the prior program, which had approximately $12.4 million remaining as of the announcement date. Repurchases may be conducted via open market purchases or privately negotiated transactions at management's discretion, subject to market conditions and liquidity needs. The company operates as a bank holding company providing commercial and personal banking products and services through its subsidiary b1BANK.
Business First Bancshares reported net income available to common shareholders of $23.2 million, or $0.71 per diluted share, for the quarter ended September 30, 2026. The company also declared a quarterly common cash dividend of $0.15 per share and a preferred dividend of $18.75 per share, payable on November 30 to shareholders of record as of November 15. During the quarter, the bank repurchased 204,160 shares for $6.3 million at a weighted average price of $30.81. Business First Bancshares operates as a diversified commercial banking franchise in Louisiana and Texas.
On September 9, 2026, Business First Bancshares, Inc. announced the voluntary resignation of Philip Jordan from his position as Executive Vice President and Chief Banking Officer at its wholly-owned subsidiary, b1BANK. The company stated that Mr. Jordan's departure was not due to any disagreement regarding operations or policies. This filing discloses a change in senior management personnel within the banking sector.
Business First Bancshares, Inc. announced financial results for the quarter ended June 30, 2026, reporting net income available to common shareholders of $22.8 million, or $0.70 per diluted share. The company's board declared a quarterly common dividend of $0.15 per share and a quarterly preferred dividend of $18.75 per share, both payable on August 31, 2026, to shareholders of record as of August 15, 2026. Key highlights include a net interest margin of 3.73% and the completion of the acquisition of American Planning Corporation on June 29, 2026. During the quarter, the company repurchased 176,849 shares for $4.8 million at an average price of $27.22 per share. The company operates in the banking industry, providing commercial and personal banking products and services through its subsidiary b1BANK.