Quarterly ResultApr 27, 2026, 08:07 AM
BFST Q1 Net Income $22.2M, EPS $0.68; Progressive Acquisition
AI Summary
Business First Bancshares, Inc. announced unaudited Q1 2026 results, reporting net income available to common shareholders of $22.2 million, or $0.68 per diluted common share. Core net income was $24.0 million, or $0.73 per diluted common share. The quarter included the consummation of the Progressive Bancorp, Inc. acquisition, which added $773.8 million in total assets. The company also declared a quarterly common dividend of $0.15 per share, repurchased 99,105 shares, and issued $85.0 million in subordinated notes.
Key Highlights
- Net income available to common shareholders was $22.2 million, diluted EPS $0.68.
- Core net income (non-GAAP) was $24.0 million, or $0.73 diluted EPS.
- Completed Progressive Bancorp acquisition on January 1, 2026, adding $773.8 million assets.
- Declared quarterly common dividend of $0.15 per share.
- Repurchased 99,105 shares for $2.7 million at $27.75 per share.
- Issued $85.0 million in 6.50% fixed-to-floating rate subordinated notes.
- Loans held for investment increased $494.8 million or 7.99% quarter-over-quarter.
- Deposits increased $766.4 million or 11.44% quarter-over-quarter.
Price Impact
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