Price / Sales2.9xon $345.1M revenue, trailing 12 months to June 30, 2026
Price / Earnings10.8xon $93.0M net income, trailing 12 months to June 30, 2026
Price / Book1.0xon $1.0B equity, Q2 FY2026
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Source SEC Filings (10-K/10-Q)Latest period Q2 FY2026, ended Jun 30, 2026ReportedCurrency USDFYE December
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 31, 2026.
Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BFST SEC filings page.
Business First Bancshares, Inc. (BFST) reported $324.7M in revenue
for fiscal year 2025, up 19.6% from the prior fiscal year.
This page shows its income statement, balance sheet, cash flow statement, and key financial ratios.
View 13 years of annual fundamentals and quarterly data, with year-over-year
growth rates and compound annual growth rates (CAGR).
All figures are derived from SEC filings (10-K and 10-Q reports).
Rhea AIBFSTFY2025
The bank is growing through a larger balance sheet, while returns remain modest and cash generation tracks reported earnings.
In FY2025, operating cash flow of $92.1M nearly matched free cash flow of $92.0M, indicating little cash was absorbed by physical reinvestment. Against total assets of $8.2B, that cash output is modest, consistent with a bank whose economics depend more on funding and asset scale than capital spending.
Assets expanded from $4.7B in FY2021 to $8.2B in FY2025, while reported debt-to-equity fell from 9.9x to 8.2x. The decline suggests growth came with a somewhat thicker equity cushion, but FY2025 liabilities of $7.3B versus equity of $896.9M show the balance sheet remains predominantly liability-funded.
The FY2025 recovery in return on assets to 1.1% and return on equity to 9.8% indicates earnings improved faster than the capital base, reversing FY2024's weaker returns. This was not simply balance-sheet expansion: net income reached $87.9M even as assets reached $8.2B.
Financial Health Signals
Financial Health Score48/100
Scored as: Banks peer group
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Business First Bancshares, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Earnings
61
Business First Bancshares, Inc. earned a return on assets of 1.1% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from 0.8% the prior year. Earnings ranks banks on that return over three years, and Business First Bancshares, Inc. scores 61/100 among other banks.
Growth
70
Business First Bancshares, Inc. reported revenue of $324.7M in fiscal year 2025, against $271.6M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Business First Bancshares, Inc. scores 70/100 among other banks.
Capital
44
Business First Bancshares, Inc. funded 10.9% of its assets with shareholders' equity at the end of fiscal year 2025, holding $896.9M of equity against $8.2B of assets. Capital ranks banks on that cushion, and Business First Bancshares, Inc. scores 44/100 among other banks.
Efficiency
51
Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. Business First Bancshares, Inc. scores 51/100 on it among other banks.
Credit Quality
0
Not available for Business First Bancshares, Inc., and counted as zero in the overall score.
Stability
60
Business First Bancshares, Inc. reported net income of $87.9M in fiscal year 2025, against $65.1M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Business First Bancshares, Inc. scores 60/100 among other banks.
Piotroski F-ScorePartial
5/6
Business First Bancshares, Inc. passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Earnings QualityCash-Backed
1.05x
For every $1 of reported earnings, Business First Bancshares, Inc. generates $1.05 in operating cash flow ($92.1M OCF vs $87.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Business First Bancshares, Inc. generated $91.8M in revenue in Q2 2026. This represents an increase of 12.7% from the same quarter a year earlier. Against the prior quarter it is up 2.9%.
Net Income
$24.2M
YoY+9.4%
QoQ+2.6%
5Y CAGR+6.8%
10Y CAGR+39.9%
Business First Bancshares, Inc. reported $24.2M in net income in Q2 2026. This represents an increase of 9.4% from the same quarter a year earlier. Against the prior quarter it is up 2.6%.
EPS (Diluted)
$0.70
YoY0.0%
QoQ+2.9%
5Y CAGR-3.6%
10Y CAGR+20.3%
Business First Bancshares, Inc. earned $0.70 per diluted share (EPS) in Q2 2026. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 2.9%.
EBITDA
Not reported for Q2 2026.
Cash & Balance Sheet
Cash & Debt
$575.6M
YoY+16.1%
QoQ-2.4%
5Y CAGR+34.5%
10Y CAGR+20.6%
Business First Bancshares, Inc. held $575.6M in cash as of Q2 2026; long-term debt is not reported for that period.
Dividends Per Share
$0.15
YoY+7.1%
QoQ0.0%
5Y CAGR+4.6%
Business First Bancshares, Inc. paid $0.15 per share in dividends in Q2 2026. This represents an increase of 7.1% from the same quarter a year earlier. It is unchanged from the prior quarter.
Shares Outstanding
33M
YoY+10.0%
QoQ-0.4%
5Y CAGR+9.7%
10Y CAGR+16.6%
Business First Bancshares, Inc. had 33M shares outstanding in Q2 2026. This represents an increase of 10.0% from the same quarter a year earlier. Against the prior quarter it is down 0.4%.
Free Cash Flow
Not reported for Q2 2026.
Margins & Returns
Net Margin
26.3%
YoY-0.8pp
QoQ-0.1pp
5Y change-5.3pp
10Y change+18.2pp
Business First Bancshares, Inc.'s net profit margin was 26.3% in Q2 2026, showing the share of revenue converted to profit. This is down 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.1 percentage points.
Return on Equity
2.4%
YoY-0.2pp
QoQ0.0pp
5Y change-1.6pp
10Y change+1.7pp
Business First Bancshares, Inc.'s ROE was 2.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.
Gross Margin
Not reported for Q2 2026.
Operating Margin
Not reported for Q2 2026.
Capital Allocation
Share Buybacks
$4.8M
QoQ+75.0%
Business First Bancshares, Inc. spent $4.8M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 75.0%.
R&D Spending
Not reported for Q2 2026.
Capital Expenditures
Not reported for Q2 2026.
BFST Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BFST Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
BFST Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BFST Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
What is Business First Bancshares, Inc.'s annual revenue?
Business First Bancshares, Inc. (BFST) reported $324.7M in total revenue for fiscal year 2025. This represents a 19.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Business First Bancshares, Inc.'s revenue growing?
Business First Bancshares, Inc. (BFST) revenue grew by 19.6% year-over-year, from $271.6M to $324.7M in fiscal year 2025.
Is Business First Bancshares, Inc. profitable?
Yes, Business First Bancshares, Inc. (BFST) reported a net income of $87.9M in fiscal year 2025, with a net profit margin of 27.1%.
What is Business First Bancshares, Inc.'s earnings per share (EPS)?
Business First Bancshares, Inc. (BFST) reported diluted earnings per share of $2.79 for fiscal year 2025. This represents a 23.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Business First Bancshares, Inc.'s net profit margin?
Business First Bancshares, Inc. (BFST) had a net profit margin of 27.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Business First Bancshares, Inc. pay dividends?
Yes, Business First Bancshares, Inc. (BFST) paid $0.57 per share in dividends during fiscal year 2025.
What is Business First Bancshares, Inc.'s return on equity (ROE)?
Business First Bancshares, Inc. (BFST) has a return on equity of 9.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Business First Bancshares, Inc.'s free cash flow?
Business First Bancshares, Inc. (BFST) generated $92.0M in free cash flow during fiscal year 2025. This represents a 53.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Business First Bancshares, Inc.'s operating cash flow?
Business First Bancshares, Inc. (BFST) generated $92.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Business First Bancshares, Inc.'s total assets?
Business First Bancshares, Inc. (BFST) had $8.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Business First Bancshares, Inc.'s capital expenditures?
Business First Bancshares, Inc. (BFST) invested $66K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Business First Bancshares, Inc. buy back shares?
Yes, Business First Bancshares, Inc. (BFST) spent $3.7M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Business First Bancshares, Inc. have outstanding?
Business First Bancshares, Inc. (BFST) had 33M shares outstanding as of fiscal year 2025.
What is Business First Bancshares, Inc.'s debt-to-equity ratio?
Business First Bancshares, Inc. (BFST) had a debt-to-equity ratio of 8.16 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Business First Bancshares, Inc.'s return on assets (ROA)?
Business First Bancshares, Inc. (BFST) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Business First Bancshares, Inc.'s P/E ratio?
Business First Bancshares, Inc. (BFST) trades at 10.8x earnings, its market capitalization divided by net income of $93.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $1.0B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Business First Bancshares, Inc.'s price-to-sales ratio?
Business First Bancshares, Inc. (BFST) trades at 2.9x sales, its market capitalization divided by revenue of $345.1M revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.0B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Business First Bancshares, Inc.'s Piotroski F-Score?
Business First Bancshares, Inc. (BFST) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Business First Bancshares, Inc.'s earnings high quality?
Business First Bancshares, Inc. (BFST) has an earnings quality ratio of 1.05x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Business First Bancshares, Inc.?
Business First Bancshares, Inc. (BFST) scores 48 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.
