AcquisitionsJul 31, 2026, 03:05 PM
Business First Bancshares Completes Two Acquisitions in H1 2026
AI Summary
Business First Bancshares, Inc. completed two significant acquisitions in the first half of 2026. The merger with Progressive Bancorp, Inc. on January 1, 2026, added $773.8 million in total assets, while the acquisition of American Planning Corporation on June 29, 2026, was valued at $6.8 million. These strategic moves contributed to a strong financial performance, with net income available to common shareholders increasing to $45.039 million for the six months ended June 30, 2026, up from $39.946 million in the prior year period. Total assets grew to $8.903 billion, and total deposits reached $7.235 billion by the end of the period.
Key Highlights
- Progressive Bancorp, Inc. merger completed Jan 1, 2026, adding $773.8M in total assets.
- Issued 3,192,367 common shares for Progressive acquisition, valued at $83.448M.
- Acquired American Planning Corporation for $6.8M on June 29, 2026.
- Net income available to common shareholders for H1 2026 was $45.039M, up from $39.946M YoY.
- Diluted EPS for H1 2026 was $1.37, up from $1.35 YoY.
- Total assets increased to $8.903B at June 30, 2026, from $8.214B at Dec 31, 2025.
- Total deposits reached $7.235B at June 30, 2026, from $6.698B at Dec 31, 2025.
- Net interest income for H1 2026 was $153.039M, up from $133.025M YoY.
Price Impact
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