| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 3.14 | 9.8% |
| Total Income | 3.14 | 9.8% |
| Expenditure | -26.35 | 14.8% |
| PBT | 29.50 | 14.3% |
| Net Profit | 23.56 | 14.7% |
| OPM | — | |
| NPM | 100.00% | 0.00pp |
| EPS | 0.68 | 4.6% |
Business First Bancshares Reports Q1 2026 Net Income of $22.2 Million
03 May 2026 · 3 May, 6:39 pm
Summary
Business First Bancshares, Inc. announced its Q1 2026 results, reporting net income available to common shareholders of $22.2 million, or $0.68 per diluted common share. On a non-GAAP basis, 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. Loans held for investment increased by $494.8 million, and deposits increased by $766.4 million compared to the linked quarter.
Key Highlights
- 1
Business First Bancshares reported net income available to common shareholders of $22.2 million, or $0.68 per diluted common share, for Q1 2026.
- 2
Core net income for the quarter ended March 31, 2026, was $24.0 million, or $0.73 per diluted common share on a non-GAAP basis.
- 3
The company closed its acquisition of Progressive Bancorp, Inc. on January 1, 2026, which had approximately $773.8 million of total assets as of December 31, 2025.
- 4
Loans held for investment increased $494.8 million, or 7.99%, compared to the linked quarter.
- 5
Deposits increased $766.4 million, or 11.44%, compared to the linked quarter.
- 6
Return to common shareholders on average assets was 1.01% for the quarter ended March 31, 2026, or 1.10% on a non-GAAP basis.
Management Comments
Jude Melville
It was a busy and productive start of the year for b1BANK. Quantitatively, we continued generating consistent profitability, increased our capital ratios and strengthened our liquidity positioning. Qualitatively, we added a large number of strong teammates through consummation of the Progressive Bank acquisition, the addition of a number of seasoned, respected bankers in Houston, and our partnership with Covecta, with whom we are working on building out Agentic AI capabilities. I’m also proud of our team’s self-managed subordinated-debt issuance through our network of community bank partners. All these deepening partnerships bode well for the continued building of shareholder value over the course of 2026.”
Informational and educational content only. Not investment advice.