NASDAQ · Financial Statements

Business First Bancshares, Inc. (BFST) Financial Statements

$31.80 NASDAQ: BFST Market Cap $1.04B

Business First Bancshares, Inc. most recently reported annual revenue of $512.0M, net profit of $88.0M. Revenue grew at an average annual rate of 24.8% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Business First Bancshares, Inc.: Revenue rose from $49.0M in 2016 to $512.0M in 2025, a change of +944.9% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 13.8% to 22.1%, a shift of +8.4 percentage points; the most recent year shows net profit of $88.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$49.0M$57.0M$84.0M$113.0M$169.0M$203.0M$264.0M$386.0M$458.0M$512.0M
Operating Expenses$42.0M$48.0M$67.0M$83.0M$132.0M$139.0M$195.0M$295.0M$375.0M$399.0M
Operating Profit$7.0M$9.0M$17.0M$30.0M$37.0M$65.0M$69.0M$91.0M$83.0M$113.0M
Operating Margin13.8%15.6%20.7%26.5%21.8%31.8%26.0%23.5%18.1%22.1%
Other Income$0$0$0$0$0$0$0$0$0$-3.0M
Interest$6.0M$7.0M$14.0M$23.0M$22.0M$17.0M$37.0M$138.0M$187.0M$192.0M
Depreciation$1.0M$1.0M$1.0M$2.0M$3.0M$4.0M$5.0M$5.0M$5.0M$6.0M
Profit Before Tax$7.0M$9.0M$17.0M$30.0M$37.0M$65.0M$69.0M$91.0M$83.0M$110.0M
Tax$24.0M$45.8M$18.9M$20.4M$18.4M$19.2M$20.9M$21.6M$21.6M$20.4M
Net Profit$5.0M$5.0M$14.0M$24.0M$30.0M$52.0M$54.0M$71.0M$65.0M$88.0M
EPS$0.74$0.70$1.22$1.74$1.64$2.53$2.32$2.59$2.26$2.78
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$102.0M$102.0M$105.0M$112.0M$113.0M$128.0M$126.0M$126.0M$130.0M$130.0M$134.0M$61.0M
Operating Expenses$76.0M$82.0M$88.0M$90.0M$90.0M$107.0M$100.0M$98.0M$101.0M$99.0M$104.0M$91.0M
Operating Profit$26.0M$20.0M$17.0M$22.0M$23.0M$21.0M$26.0M$28.0M$29.0M$31.0M$29.0M$-29.0M
Operating Margin25.5%19.9%16.4%19.5%20.1%16.7%20.6%22.2%22.2%23.6%22.1%-48.2%
Interest$38.0M$41.0M$44.0M$46.0M$47.0M$50.0M$48.0M$48.0M$49.0M$47.0M$47.0M$48.0M
Profit Before Tax$26.0M$20.0M$17.0M$22.0M$23.0M$21.0M$26.0M$28.0M$29.0M$28.0M$29.0M$30.0M
Tax$21.2M$22.2M$21.1M$20.9M$21.6M$22.6M$20.4M$21.1M$20.9M$18.9M$20.1M$20.2M
Net Profit$20.0M$16.0M$14.0M$17.0M$18.0M$16.0M$21.0M$22.0M$23.0M$22.0M$24.0M$24.0M
EPS$0.76$0.57$0.48$0.62$0.65$0.51$0.65$0.70$0.73$0.71$0.68$0.70

Over the 10 years reported for Business First Bancshares, Inc., borrowings increased from $54.0M in 2016 to $551.0M in 2025, cash stood at $411.0M in the latest year, shareholders' equity was $30.0M, current assets covered current liabilities 0.15 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$1.1B$1.3B$2.1B$2.3B$4.2B$4.7B$6.0B$6.6B$7.9B$8.2B
Current Assets$244.0M$291.0M$414.0M$376.0M$814.0M$1.1B$1.1B$1.1B$384.0M$1.0B
Cash$42.0M$108.0M$96.0M$89.0M$149.0M$68.0M$153.0M$226.0M$319.0M$411.0M
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$3.0M$4.0M$8.0M$8.0M$24.0M$20.0M$26.0M$30.0M$36.0M$38.0M
Fixed Assets$9.0M$9.0M$15.0M$29.0M$59.0M$58.0M$63.0M$69.0M$82.0M$74.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$1.0B$1.2B$1.8B$2.0B$3.6B$4.2B$5.5B$5.9B$6.9B$6.8B
Other Assets$7.0M$7.0M$49.0M$48.0M$54.0M$60.0M$89.0M$88.0M$122.0M$121.0M
Total Liabilities$992.0M$1.1B$1.8B$2.0B$3.8B$4.3B$5.4B$5.9B$7.1B$7.3B
Current Liabilities$937.0M$1.1B$1.7B$1.9B$3.6B$4.1B$4.9B$5.3B$6.5B$7.0B
Borrowings$54.0M$81.0M$92.0M$186.0M$106.0M$188.0M$560.0M$635.0M$483.0M$551.0M
Other Liabilities$939.0M$1.1B$1.7B$1.8B$3.6B$4.1B$4.8B$5.3B$6.6B$6.8B
Equity$7.0M$10.0M$13.0M$13.0M$21.0M$20.0M$25.0M$25.0M$30.0M$30.0M
Reserves$114.0M$180.0M$260.0M$285.0M$410.0M$433.0M$580.0M$644.0M$799.0M$897.0M

For Business First Bancshares, Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $92.0M; free cash flow was positive in 10 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$8.0M$8.0M$19.0M$24.0M$29.0M$56.0M$70.0M$92.0M$61.0M$92.0M
Investing Cash Flow$-35.0M$-154.0M$-171.0M$-196.0M$-478.0M$-679.0M$-708.0M$-533.0M$-296.0M$-282.0M
Financing Cash Flow$28.0M$122.0M$119.0M$127.0M$600.0M$464.0M$280.0M$428.0M$524.0M$235.0M
Net Cash Flow$1.0M$65.0M$-12.0M$-7.0M$60.0M$-81.0M$84.0M$73.0M$93.0M$92.0M
Free Cash Flow$7.0M$7.0M$18.0M$20.0M$26.0M$52.0M$62.0M$81.0M$60.0M$92.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.92
EV / EBITDA—
FCF Yield—
Quick Ratio—
Interest Coverage—
Return 1Y18.89%
Return 3Y100.22%
Return 5Y45.73%

Business First Bancshares, Inc. (BFST) financials — frequently asked questions

What is Business First Bancshares, Inc.'s annual revenue?

Business First Bancshares, Inc. (BFST) reported annual revenue of $512.0M in its most recent fiscal year.

What is Business First Bancshares, Inc.'s net profit?

Business First Bancshares, Inc. (BFST) reported net profit of $88.0M in its most recent fiscal year.

Popular Stocks

Apple (AAPL)Microsoft (MSFT)NVIDIA (NVDA)Alphabet (GOOGL)Amazon (AMZN)Meta (META)Tesla (TSLA)Broadcom (AVGO)Eli Lilly (LLY)JPMorgan (JPM)

Related stock screens

High ROE Financial Services StocksLow P/E Financial Services StocksHigh Net Margin Financial Services StocksDividend Financial Services StocksLow Debt Financial Services StocksHigh ROE StocksLow P/E StocksHigh Net Margin StocksDividend StocksLow Debt StocksNasdaq High ROE StocksAll stock screens
BFST Overview BFST Dividend Run Stock Screener

Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.