BuybackOct 29, 2026, 05:21 PM
Business First Bancshares Approves $30M Stock Repurchase Program
AI Summary
Business First Bancshares, Inc. announced its Board of Directors has approved a new stock repurchase program authorizing the company to repurchase up to $30 million of its common stock. The program is effective immediately and will run for 24 months, replacing a previous program under which approximately $12.4 million remained available. Repurchases will be conducted in compliance with applicable regulations and will depend on various market and company conditions.
Key Highlights
- Business First Bancshares, Inc. approved a new stock repurchase program of up to $30 million.
- The new program is effective October 29, 2026, and will continue until October 28, 2028.
- Approximately $12.4 million remained available under the previously announced stock repurchase program.
- The new program replaces the prior program, and no further repurchases will be made under the prior program.
- Repurchases may be effected through Rule 10b-18 plans, open market purchases, or privately negotiated transactions.
Price Impact
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