# Business First Bancshares, Inc.: overview

BFST · Nasdaq · CIK 1624322 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/bfst.md) · [Financials](/companies/bfst/financials.md) · [Filings](/companies/bfst/filings.md) · [Insiders](/companies/bfst/insiders.md)

Latest reported revenue: [$3.2m](/filings/0001624322-26-000037.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Jul 31, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax, accession 0001624322-26-000037).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [2.7](/filings/0001624322-25-000048.md) | [2.9 d](/filings/0001624322-26-000018.md) | [2.9](/filings/0001624322-26-000028.md) | [2.6](/filings/0001624322-26-000037.md) | [2.6](/filings/0001624322-25-000048.md) | [2.6 d](/filings/0001624322-26-000018.md) | [3.1](/filings/0001624322-26-000028.md) | [3.2](/filings/0001624322-26-000037.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [655.3%](/filings/0001624322-25-000048.md) | [572.9% d](/filings/0001624322-26-000018.md) | [718.3%](/filings/0001624322-26-000028.md) | [839.5%](/filings/0001624322-26-000037.md) | [891.1%](/filings/0001624322-25-000048.md) | [845.0% d](/filings/0001624322-26-000018.md) | [750.0%](/filings/0001624322-26-000028.md) | [756.2%](/filings/0001624322-26-000037.md) |
| Diluted EPS | $ per share | [0.65](/filings/0001624322-25-000048.md) | not reported | [0.65](/filings/0001624322-26-000028.md) | [0.70](/filings/0001624322-26-000037.md) | [0.73](/filings/0001624322-25-000048.md) | not reported | [0.68](/filings/0001624322-26-000028.md) | [0.70](/filings/0001624322-26-000037.md) |
| Free cash flow | $m | [21.0 d](/filings/0001624322-25-000048.md) | [17.1 d](/filings/0001624322-26-000018.md) | [27.5](/filings/0001624322-26-000028.md) | [13.8 d](/filings/0001624322-26-000037.md) | [32.2 d](/filings/0001624322-25-000048.md) | [15.4 d](/filings/0001624322-26-000018.md) | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [6.8](/filings/0001437749-24-006270.md) | [8.3](/filings/0001624322-25-000011.md) | [9.7](/filings/0001624322-26-000018.md) | [10.6](/filings/0001624322-26-000018.md) | [10.7](/filings/0001624322-26-000018.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [765.2%](/filings/0001437749-24-006270.md) | [655.9%](/filings/0001624322-25-000011.md) | [732.1%](/filings/0001624322-26-000018.md) | [615.6%](/filings/0001624322-26-000018.md) | [820.8%](/filings/0001624322-26-000018.md) |
| Diluted EPS | $ per share | [2.53](/filings/0001437749-24-006270.md) | [2.32](/filings/0001624322-25-000011.md) | [2.59](/filings/0001624322-26-000018.md) | [2.26](/filings/0001624322-26-000018.md) | [2.79](/filings/0001624322-26-000018.md) |
| Free cash flow | $m | [52.5](/filings/0001437749-24-006270.md) | [61.8](/filings/0001624322-25-000011.md) | [79.3](/filings/0001624322-26-000018.md) | [59.8](/filings/0001624322-26-000018.md) | [92.0](/filings/0001624322-26-000018.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/bfst/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $84.0m | 2,732,988 |  | Added +286,027 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $43.0m | 1,399,712 |  | Reduced −31,450 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $40.3m | 1,311,018 |  | Added +145,298 |
| [Jupiter Topco LLC](/funds/2146052.md) | 2026-06-30 | $33.5m | 1,089,827 |  | Not compared |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $32.1m | 1,045,212 |  | Added +384,122 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $31.5m | 1,025,919 |  | Added +135,528 |
| [ROYCE & ASSOCIATES LP](/funds/906304.md) | 2026-06-30 | $28.6m | 931,811 |  | Added +95,713 |
| [JANUS HENDERSON GROUP PLC](/funds/1274173.md) | 2026-03-31 | $26.8m | 989,686 |  | Not compared |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $26.5m | 863,416 |  | Added +53,412 |
| [Bank of New York Mellon Corp](/funds/1390777.md) | 2026-06-30 | $13.9m | 450,790 |  | Added +8,937 |

## Recent filings

[All 868 filings](/companies/bfst/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-29 | 17:15 ET | [8-K](/filings/0001437749-26-033999.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001437749-26-033999 |
| 2026-10-26 | 08:30 ET | [8-K](/filings/0001624322-26-000040.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001624322-26-000040 |
| 2026-09-11 | 16:28 ET | [8-K](/filings/0001437749-26-030179.md) | 5.02 Departure or appointment of officers or directors | 0001437749-26-030179 |
| 2026-07-31 | 14:56 ET | [10-Q](/filings/0001624322-26-000037.md) | Quarterly report, period 2026-06-30 | 0001624322-26-000037 |
| 2026-07-23 | 16:01 ET | [8-K](/filings/0001624322-26-000032.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001624322-26-000032 |
| 2026-05-27 | 16:07 ET | [8-K](/filings/0001437749-26-018540.md) | 5.07 Shareholder vote results | 0001437749-26-018540 |
| 2026-05-01 | 15:35 ET | [10-Q](/filings/0001624322-26-000028.md) | Quarterly report, period 2026-03-31 | 0001624322-26-000028 |
| 2026-04-27 | 08:00 ET | [8-K](/filings/0001624322-26-000024.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001624322-26-000024 |
| 2026-04-08 | 09:27 ET | [DEF 14A](/filings/0001437749-26-011695.md) | Proxy statement, period 2026-05-21 | 0001437749-26-011695 |
| 2026-04-02 | 16:39 ET | [8-K](/filings/0001437749-26-011154.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001437749-26-011154 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001624322-26-000018.md), filed Feb 26, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, locked when the 8-K was accepted. It is scored when the 10-Q or 10-K is ingested. [See the target](/leagues/2026q3/targets/aefab63b-f25c-4f11-baad-4e9f7727587c)

## About the filer

- CIK: 1624322
- Tickers: BFST
- Exchange: Nasdaq
- SIC code: 6022 State Commercial Banks
- State of incorporation: LA
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 17:16 ET. No prices; not investment advice.