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Financials · BFST

Business First Bancshares Inc. (BFST) financials

For the twelve months ended Sep 30, 2026, Business First Bancshares Inc. reported $357.32M of revenue and $94.65M of net income.

Revenue, TTM
$357.32M
Revenue growth, YoY
+11.9%
Net income, TTM
$94.65M
Net income growth, YoY
+15.4%
Net margin
26.5%
EPS, diluted, TTM
$2.80
EPS growth, YoY
+8.1%
Cash
$490.04M
P/E
11.17
P/S
2.96
Market cap
$1.06B
Annual revenue$324.70M
FY2016FY2025
Annual net income$87.86M
FY2016FY2025
Annual free cash flow$92.02M
FY2016FY2025

BFST revenue and earnings growth

BFST revenueQ3 2026$93.18M

Quarter YoY
+15.1%
QoQ
+1.5%
FY YoY
+19.6%
5Y CAGR
+16.8%
10Y CAGR
+24.1%

BFST revenue was $93.18M in fiscal Q3 2026 (ended Sep 30, 2026), up 15.1% from a year earlier and up 1.5% from the prior quarter. For the full fiscal 2025 it was $324.70M, up 19.6% from fiscal 2024. Compound annual growth was +16.8% over 5 years and +24.1% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 13 fiscal years on file.

BFST net incomeQ3 2026$24.55M

Quarter YoY
+7.4%
QoQ
+1.6%
FY YoY
+34.9%
5Y CAGR
+24.0%
10Y CAGR
+35.9%

BFST net income was $24.55M in fiscal Q3 2026 (ended Sep 30, 2026), up 7.4% from a year earlier and up 1.6% from the prior quarter. For the full fiscal 2025 it was $87.86M, up 34.9% from fiscal 2024. Compound annual growth was +24.0% over 5 years and +35.9% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 13 fiscal years on file.

BFST EPSQ3 2026$0.71

Quarter YoY
-2.7%
QoQ
+1.4%
FY YoY
+23.5%
5Y CAGR
+11.2%

BFST diluted EPS was $0.71 in fiscal Q3 2026 (ended Sep 30, 2026), down 2.7% from a year earlier and up 1.4% from the prior quarter. For the full fiscal 2025 it was $2.79, up 23.5% from fiscal 2024. Compound annual growth was +11.2% over 5 years.

BFST free cash flowQ4 2025$15.53M

Quarter YoY
-9.0%
QoQ
-51.6%
FY YoY
+53.8%
5Y CAGR
+28.4%
10Y CAGR
+43.8%

BFST free cash flow was $15.53M in fiscal Q4 2025 (ended Dec 31, 2025), down 9.0% from a year earlier and down 51.6% from the prior quarter. For the full fiscal 2025 it was $92.02M, up 53.8% from fiscal 2024. Compound annual growth was +28.4% over 5 years and +43.8% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 13 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$324.70M$271.58M$251.77M$228.89M$189.67M$149.21M$90.91M$70.01M$49.99M$43.01M
Interest expense--$138.20M$36.54M$16.55M$22.11M$23.27M$13.97M$7.23M$5.83M
Pre-tax income$110.31M$83.05M$90.59M$68.59M$64.56M$36.78M$29.85M$17.37M$8.95M$6.72M
Income tax$22.45M$17.94M$19.54M$14.34M$12.42M$6.79M$6.08M$3.28M$4.10M$1.61M
Net income$87.86M$65.11M$71.04M$54.26M$52.14M$30.00M$23.77M$14.09M$4.85M$5.11M
EPS, basic$2.81$2.27$2.62$2.34$2.54$1.65$1.79$1.27$0.63$0.73
EPS, diluted$2.79$2.26$2.59$2.32$2.53$1.64$1.74$1.22$0.61$0.70
Diluted shares29.5M26.5M25.3M22.8M20.6M18.2M13.7M11.5M8.0M7.3M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$411.18M$319.10M$226.11M$152.74M$68.38M$149.13M$89.37M$96.07M$107.59M$42.17M
Goodwill$121.15M$121.57M$88.39M$88.54M$59.89M$53.86M$48.49M$49.49M$6.82M$6.82M
Total assets$8.21B$7.86B$6.58B$5.99B$4.73B$4.16B$2.27B$2.09B$1.32B$1.11B
Short-term debt--------$862.0K$862.0K
Total debt--------$2.70M$3.00M
Total liabilities$7.32B$7.06B$5.94B$5.41B$4.29B$3.75B$1.99B$1.83B$1.14B$992.28M
Shareholders' equity$896.88M$799.47M$644.26M$580.48M$433.37M$409.96M$285.10M$260.06M$179.94M$113.56M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$92.08M$61.41M$90.97M$69.58M$56.44M$29.34M$24.42M$19.28M$7.97M$8.15M
Capital expenditures$66.0K$1.56M$11.65M$7.78M$3.97M$2.97M$3.96M$919.0K$505.0K$1.39M
Free cash flow$92.02M$59.85M$79.32M$61.80M$52.47M$26.37M$20.46M$18.36M$7.46M$6.76M
Investing cash flow-$281.53M-$294.92M-$521.14M-$700.52M-$675.35M-$475.30M-$192.29M-$170.32M-$153.44M-$33.34M
Financing cash flow$281.52M$326.50M$503.54M$715.31M$538.15M$505.72M$161.17M$139.52M$210.89M$26.45M
Dividends paid$16.84M$14.86M$12.65M$10.82M$9.44M$7.52M$5.05M$3.28M$1.79M$1.06M
Share repurchases$3.73M$0$0$0$10.92M$5.80M$2.55M$0$33.0K$863.0K
Stock-based compensation$5.82M$3.00M$4.00M$3.70M$2.86M$2.45M$1.09M$1.01M-$59.0K$456.0K
Depreciation and amortization$5.68M$5.26M$4.67M$4.82M$4.16M$3.16M$1.59M$1.17M$1.18M$1.30M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY19.6%7.9%10.0%20.7%27.1%64.1%29.9%40.0%16.2%15.2%
Net income growth, YoY34.9%-8.4%30.9%4.1%73.8%26.2%68.7%190.7%-5.1%24.8%
EPS growth, YoY23.5%-12.7%11.6%-8.3%54.3%-5.7%42.6%--12.9%18.6%
Net margin27.1%24.0%28.2%23.7%27.5%20.1%26.2%20.1%9.7%11.9%
Free cash flow margin28.3%22.0%31.5%27.0%27.7%17.7%22.5%26.2%14.9%15.7%
Return on equity9.8%8.1%11.0%9.3%12.0%7.3%8.3%5.4%2.7%4.5%
Return on assets1.1%0.8%1.1%0.9%1.1%0.7%1.0%0.7%0.4%0.5%
Debt to equity--------0.020.03

Source: XBRL data Business First Bancshares Inc. files with the SEC, latest filing dated Nov 3, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

BFST peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
BFST$357.32M+11.9%$94.65M26.5%$1.06B
JPM$203.15B+13.2%$65.98B32.5%$908.43B
BAC$120.16B+5.4%$32.24B26.8%$348.81B
WFC$87.23B+5.4%$22.97B26.3%$256.63B
C$85.22B+5.6%$14.31B16.8%$201.89B
UBS$49.57B+2.0%$7.80B15.7%$151.93B
MFG¥8.79T+7.6%¥1.16T13.2%$122.19B
COF$63.01B+31.2%$10.87B17.2%$119.45B
BNSC$37.74B+12.1%C$7.79B20.6%$114.51B

BFST FAQ

7 questions
  • What is BFST revenue?
    Business First Bancshares Inc. (BFST) reported $357.32M of revenue for the twelve months ended Sep 30, 2026. That is up 11.9% from the year before. Revenue for fiscal 2025 was $324.70M.
  • Is BFST profitable?
    Yes. Business First Bancshares Inc. earned $94.65M in net income for the twelve months ended Sep 30, 2026, a net margin of 26.5%.
  • How much cash and debt does BFST have?
    Business First Bancshares Inc. reported $490.04M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is BFST revenue growing?
    Business First Bancshares Inc.'s revenue changed +19.6% in fiscal 2025, to $324.70M. Its compound annual growth rate was +16.8% over 5 years and +24.1% over 10 years.
  • What is BFST earnings per share?
    Diluted earnings per share were $2.80 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did BFST last report financial results?
    The latest statements here come from Business First Bancshares Inc.'s 10-Q filed on Nov 3, 2026, covering the period ended Sep 30, 2026.
  • Where does this BFST financial data come from?
    Quantisnow builds these statements from the structured XBRL data Business First Bancshares Inc. files with the SEC. It is provided for information only and is not investment advice.