Business First Bancshares, Inc. Announces Financial Results for Q3 2026

Higher lending income and lower funding costs accompanied increased credit charge-offs and securities valuation losses.

Rhea-AI Summary

Business First Bancshares (BFST) reported third-quarter 2026 net income available to common shareholders of $23.2 million, up from the prior quarter. Diluted earnings were $0.71 per share, up $0.01. Core earnings, which exclude certain income and expenses, reached $26.0 million, or $0.79 per diluted share, versus $23.3 million and $0.71 in the prior quarter.

Net interest margin widened to 3.86% from 3.73%, while loans increased $121.4 million and deposits rose $141.2 million. Borrowings fell $107.8 million. Net charge-offs rose to 0.08% of average quarterly loans from 0.04%, and shareholders’ equity declined $6.1 million, alongside securities valuation losses. Progressive Bank’s systems conversion was completed in August. Quarterly common and preferred dividends of $0.15 and $18.75 per share, respectively, are payable November 30, 2026, or as soon thereafter as practicable.

20 points · 0 major

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Positive

• Moderate pointCore common net income of $26.0 million increased $2.7 million sequentially; core diluted EPS rose $0.08 to $0.79.
• Moderate pointNet interest income of $80.7 million increased from $77.8 million in the prior quarter.
• Moderate pointNet interest margin of 3.86% expanded 13 basis points sequentially; core margin increased to 3.80% from 3.68%.
• Moderate pointLoans increased $121.4 million, or 1.82% sequentially and 7.23% annualized.
• Moderate pointDeposits increased $141.2 million, or 1.95% sequentially and 7.74% annualized.
• Moderate pointBorrowings declined $107.8 million, or 18.25% sequentially, primarily through lower short-term Federal Home Loan Bank advances.
• Moderate pointCore annualized returns on assets and common equity rose to 1.17% and 10.93% from 1.05% and 10.05%.

13 minor points

• Minor pointQ3 common net income of $23.2 million increased $0.4 million sequentially; diluted EPS rose $0.01 to $0.71.
• Minor pointLoan yields of 6.74% increased from 6.63% in the prior quarter.
• Minor pointOverall funding costs of 2.40% declined from 2.44% in the prior quarter.
• Minor pointBrokered deposits declined $65.9 million during the third quarter.
• Minor point204,160 shares repurchased during Q3 at a weighted average price of $30.81 per share.
• Minor pointTangible book value per common share increased to $23.71 from $23.61 sequentially, a non-GAAP measure.
• Minor pointAnnualized return on average assets increased to 1.04% from 1.03% sequentially.
• Minor pointNonperforming loans were 1.24% of loans, versus 1.26% last quarter but 0.82% a year earlier.
• Minor pointNonperforming assets were 1.22% of assets, versus 1.23% last quarter but 0.83% a year earlier.
• Minor pointAdvertising and salaries expenses each declined $0.5 million sequentially.
• Minor pointLegal and other professional fees declined $0.4 million sequentially.
• Minor pointRegulatory assessments declined $0.3 million sequentially.
• Minor pointProgressive Bank’s systems conversion was completed in August 2026.

Negative

• Moderate pointSecurities declined $54.4 million sequentially, including $24.2 million in negative pre-tax fair value adjustments. 2.3% of market cap
• Minor pointNet charge-offs rose to 0.08% of average quarterly loans from 0.04%, mainly from one previously fully reserved commercial relationship.
• Minor pointShareholders’ equity declined $6.1 million, or 0.60%, sequentially.
• Minor pointAccumulated other comprehensive loss increased to $54.9 million from $35.8 million, reflecting after-tax securities valuation adjustments.
• Minor pointCommon equity to total assets declined to 10.39% from 10.52%.

6 minor points

• Minor pointBook value per common share declined to $28.77 from $28.79.
• Minor pointOther income declined $1.5 million, or 10.42%, sequentially.
• Minor pointOccupancy and equipment expense increased $1.8 million, largely reflecting a lease termination fee for corporate facilities alignment.
• Minor pointMerger and conversion-related expenses increased $1.1 million sequentially.
• Minor pointAnnualized return on average common equity declined to 9.75% from 9.83% sequentially.
• Minor pointCredit-loss allowance coverage declined to 0.95% of loans from 1.02% in the prior quarter.

News Explained

During Q3, Business First repurchased 204,160 common shares, with a stated market value of $6.3 million, under its existing program; since October 2025, it has repurchased 630,618 shares with a market value of $17.6 million.

Key Figures

Net income: $23.2 million Diluted EPS: $0.71 Core net income: $26.0 million +5 more

Net income

$23.2 million

Q3 2026; increased $0.4 million from the linked quarter

Diluted EPS

$0.71

Q3 2026; increased $0.01 from the linked quarter

Core net income

$26.0 million

Q3 2026, non-GAAP; increased $2.7 million from the linked quarter

Core diluted EPS

$0.79

Q3 2026, non-GAAP; increased $0.08 from the linked quarter

Common dividend

$0.15 per share

Quarterly dividend declared based on Q3 2026 financial performance

Preferred dividend

$18.75 per share

Full quarterly dividend; 7.50% per annum rate

Net interest margin

3.86%

Q3 2026; expanded 13 basis points from the linked quarter

Net charge-offs

8 bps

Q3 2026, up from 4 bps in the linked quarter

Previous Earnings Reports

1 past event · Latest: Jul 23

Same Type 1 event

1. Jul 23

   Q2 2026 earnings

   24h Move

   +2.3%

   Q2 reported $22.8 million net income and 3.73% NIM, providing the linked-quarter comparison.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

non-gaap, net interest margin, brokered deposits, nonperforming loans, +1 more

5 terms

non-gaap financial

"On a non-GAAP basis, core net income available to common shareholders"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

net interest margin financial

"Net interest margin expanded 13 basis points (bps) to 3.86%"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

brokered deposits financial

"decreases of $65.9 million in brokered deposits"

Brokered deposits are large sums of customer cash placed at a bank through a third-party intermediary that shops around for the best interest rate, like a broker assembling a big bucket of savings and directing it to a bank. They matter to investors because they can quickly change a bank’s funding level and cost — providing fast liquidity but also adding volatility and regulatory scrutiny that can affect a bank’s stability and profitability.

nonperforming loans financial

"The ratio of nonperforming loans compared to loans held for investment decreased"

Nonperforming loans are loans on which borrowers have stopped making the scheduled interest or principal payments for an extended period (commonly 90 days or more) or are otherwise in serious danger of default. Think of them as IOUs that aren’t being repaid: they tie up a lender’s money, reduce future interest income, and force the lender to hold extra reserves or take losses. For investors, a rising share of nonperforming loans signals weakening credit quality, higher potential losses, and greater risk to a bank’s profitability and capital.

net charge-offs financial

"Net charge-offs to average quarterly total loans increased to 8 bps"

Net charge-offs are the amount of loans or credit a lender removes from its books as uncollectible after subtracting any money later recovered from previously written-off accounts. Think of it like a store writing off unpaid tabs but getting back a few dollars later — the net figure shows the real loss. Investors watch this to judge a lender’s loan quality, future profits and how much capital may be needed to cover bad debts.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BATON ROUGE, La., Oct. 26, 2026 (GLOBE NEWSWIRE) -- Business First Bancshares, Inc. (NASDAQ: BFST) (Business First), parent company of b1BANK, today announced its unaudited results for the quarter ended September 30, 2026. Business First reported net income available to common shareholders of $23.2 million or $0.71 per diluted common share, increases of $0.4 million and $0.01, respectively, compared to the linked quarter. On a non-GAAP basis, core net income available to common shareholders for the quarter ended September 30, 2026, which excludes certain income and expenses, was $26.0 million or $0.79 per diluted common share, increases of $2.7 million and $0.08 from the linked quarter.

“Our third quarter showed what disciplined execution can deliver,” said Jude Melville, chairman, president, and CEO of Business First. “We completed the conversion of Progressive Bank, and I’m grateful to our North Louisiana teammates and clients for helping make it a seamless transition. We grew loans and deposits at a balanced pace appropriate to our level of capital strength, and we did so while expanding our net interest margin by 12 basis points and keeping non-interest expenses in check. The result was higher earnings and stronger returns. Our team earned these results through disciplined execution, and we’ll keep that same focus as we continue to invest in the growing number of opportunities we’re seeing across our diversified footprint.”

On Thursday, October 22, 2026, Business First’s board of directors declared a quarterly preferred dividend in the amount of $18.75 per share, which is the full quarterly dividend of 1.875% based on the per annum rate of 7.50%. Additionally, the board of directors declared a quarterly common dividend based upon financial performance for the third quarter in the amount of $0.15 per share of common stock. The preferred and common dividends will be paid on November 30, 2026, or as soon thereafter as practicable, to the shareholders of record as of November 15, 2026.

Quarterly Highlights

• Improving Core Performance. Return to common shareholders on average assets, on an annualized basis, was 1.04% for the quarter ended September 30, 2026, or 1.17% on a non-GAAP basis, compared to 1.03% or 1.05% on a non-GAAP basis for the linked quarter. Return to common shareholders on average equity on an annualized basis, was 9.75% for the quarter ended September 30, 2026, or 10.93% on a non-GAAP basis, compared to 9.83%, or 10.05% on a non-GAAP basis for the linked quarter.
• Margin Expansion. Net interest margin expanded 13 basis points (bps) to 3.86% for the quarter ended September 30, 2026, or 12 bps to 3.80% on a non-GAAP basis, respectively, compared to 3.73% or 3.68%, respectively, for the linked quarter. The expansion was driven by improvement in book yield on loans and a reduction in the overall cost of funding. The reduction in overall cost of funding was driven by decreases of $65.9 million in brokered deposits and $107.8 million in borrowings while core deposit costs remained flat.
• Loan and Deposit Growth. Loans grew by $121.4 million or 7.23%, annualized and deposits grew by $141.2 million or 7.74% annualized, led by our Houston, Texas and Southwest Louisiana markets.
• Capital and Share Repurchases. During the third quarter, as part of a previously announced stock repurchase program, Business First repurchased 204,160 shares, with a market value of $6.3 million, at a weighted average price of $30.81 per share. Common equity to total assets decreased from 10.52% to 10.39%. Business First has repurchased a total of 630,618 common shares under the existing stock repurchase program, since October 2025, or $17.6 million at a weighted average repurchase price per share of $27.88.
• Progressive Conversion. In August 2026, Business First successfully converted Progressive Bank’s core systems onto its platform.
  
  

Statement of Financial Condition

Loans

Loans held for investment increased $121.4 million or 1.82%, 7.23% annualized, compared to the linked quarter. The commercial real estate and construction portfolios increased $72.7 million and $80.7 million, respectively, compared to the linked quarter. The residential real estate portfolio decreased $30.6 million compared to the linked quarter.

Credit Quality

Loans over 30 days past due at September 30, 2026 were $32.5 million or 0.48% of total loans, which was generally stable from the linked quarter. The ratio of nonperforming loans compared to loans held for investment decreased 2 bps to 1.24% at September 30, 2026, while the ratio of nonperforming assets compared to total assets also decreased by 1 bps to 1.22% compared to the linked quarter. Net charge-offs to average quarterly total loans increased to 8 bps for the quarter ended September 30, 2026, up from 4 bps in the linked quarter mainly attributable to one previously fully reserved commercial relationship.

Securities

The securities portfolio decreased $54.4 million or 5.23%, from the linked quarter, impacted by $24.2 million in negative pre-tax fair value adjustments and the remainder of the decrease attributed to maturities and paydowns. The securities portfolio, based on estimated fair value, represented 11.02% of total assets as of September 30, 2026.

Deposits

Deposits as of September 30, 2026 increased by $141.2 million or 1.95%, 7.74% annualized, compared to the linked quarter. During the third quarter, interest-bearing deposits increased $119.1 million or 2.11% and noninterest-bearing deposits increased $22.1 million or 1.40%. The increase in interest-bearing deposits was attributable to $180.1 million in commercial money market accounts, partially offset by a decrease of $65.9 million in brokered deposits. Average interest-bearing deposits decreased $9.5 million or 0.16%, and noninterest-bearing deposits increased $54.9 million or 3.62% from the linked quarter.

Borrowings

Borrowings decreased $107.8 million or 18.25%, from the linked quarter due primarily to decreases in short-term Federal Home Loan Bank advances.

Shareholders’ Equity

On a non-GAAP basis, tangible book value per common share increased from $23.61 at the linked quarter to $23.71 at September 30, 2026, 0.42% or 1.66% annualized, despite the negative pre-tax fair value adjustments. Shareholders' equity decreased $6.1 million or 0.60% compared to the linked quarter. Accumulated other comprehensive loss increased from $35.8 million to $54.9 million or 53.29%, during the quarter due to after-tax fair value adjustments in the securities portfolio. Book value per common share decreased to $28.77 at September 30, 2026, compared to $28.79 from the linked quarter.

Results of Operations

Net Interest Income

For the quarter ended September 30, 2026, net interest income totaled $80.7 million, compared to $77.8 million from the linked quarter. Loan yields increased 11 bps to 6.74% compared to 6.63% from the linked quarter and interest-bearing asset yields increased 8 bps to 6.10% compared to 6.02% from the linked quarter. Net interest margin and net interest spread were 3.86% and 3.09% compared to 3.73% and 2.99% for the linked quarter. The overall cost of funds, which included noninterest-bearing deposits, decreased 4 bps from 2.44% to 2.40% for the quarter ended September 30, 2026.

Non-GAAP net interest income (excluding loan discount accretion of $1.2 million) totaled $79.4 million for the quarter ended September 30, 2026, compared to $76.8 million (excluding loan discount accretion of $1.0 million) for the linked quarter. Non-GAAP net interest margin and net interest spread (excluding loan discount accretion of $1.2 million) were 3.80% and 3.04%, respectively, for the quarter ended September 30, 2026, compared to 3.68% and 2.94% (excluding loan discount accretion of $1.0 million) for the linked quarter.

Provision for Credit Losses

During the quarter ended September 30, 2026, Business First recorded a provision for credit losses of $1.9 million, compared to $2.0 million from the linked quarter. At September 30, 2026, the ratio of allowance for credit losses to loans held for investment was 0.95%, compared to 1.02% for the linked quarter.

Other Income

For the quarter ended September 30, 2026, other income decreased $1.5 million or 10.42%, compared to the linked quarter. The decrease was largely attributable to a $0.8 million decrease in gain on sales of loans and the linked quarter’s $0.5 million gain on the redemption of debt.

Other Expenses

For the quarter ended September 30, 2026, other expenses increased $0.9 million or 1.58% compared to the linked quarter. The increase was largely attributable to increases of $1.8 million in occupancy and equipment expense and $1.1 million in merger and conversion-related expenses, partially offset by decreases of $0.5 million in each in advertising and promotions expense and salaries and employee benefits, $0.4 million in legal and other professional fees and $0.3 million in regulatory assessments. The increase in occupancy and equipment expense was largely attributable to a lease termination fee associated with better alignment of legacy b1BANK and Progressive corporate facilities.

Return on Assets and Common Equity

Return to common shareholders on average assets and common equity, each on an annualized basis, were 1.04% and 9.75% for the quarter ended September 30, 2026, compared to 1.03% and 9.83%, respectively, for the linked quarter. Non-GAAP return to common shareholders on average assets and common equity, each on an annualized basis, were 1.17% and 10.93% for the quarter ended September 30, 2026, compared to 1.05% and 10.05% for the linked quarter.

Conference Call and Webcast

Executive management will host a conference call and webcast to discuss results on Monday, October 26, 2026, at 9:00 a.m. Central Time. Interested parties may attend the call by dialing toll-free 1-800-715-9871 (North America only), conference ID 8846141, or asking for the Business First Bancshares conference call. The live webcast can be found at https://edge.media-server.com/mmc/p/uhshyz4m. On the day of the presentation, the corresponding slide presentation will be available to view on the b1BANK website at https://www.b1bank.com/shareholder-info.

About Business First Bancshares, Inc.

Business First Bancshares, Inc. (Nasdaq: BFST), through its banking subsidiary b1BANK, has $8.9 billion in assets, $5.5 billion in assets under management through b1BANK’s affiliate Smith Shellnut Wilson, LLC (SSW) (not including $1.0 billion of b1BANK assets managed by SSW) and operates Banking Centers and Loan Production Offices in markets across Louisiana and Texas, providing commercial and personal banking products and services. b1BANK is a 2024 Mastercard “Innovation Award” winner and multiyear winner of American Banker Magazine’s “Best Banks to Work For.” Visit b1BANK.com for more information.

Non-GAAP Financial Measures

This press release includes certain non-GAAP financial measures (e.g., referenced as “core” or “tangible”) intended to supplement, not substitute for, comparable GAAP measures. “Core” measures typically adjust income available to common shareholders for certain significant activities or transactions that, in management’s opinion, can distort period-to-period comparisons of Business First’s performance. Transactions that are typically excluded from non-GAAP “core” measures include realized and unrealized gains/losses on former bank premises and equipment, investment sales, acquisition-related expenses (including, but not limited to, legal costs, system conversion costs, severance and retention payments, etc.). “Tangible” measures adjust common equity by subtracting goodwill, core deposit intangibles, and customer intangibles, net of accumulated amortization. Management believes presentations of these non-GAAP financial measures provide useful supplemental information that is essential to a proper understanding of the operating results of Business First’s core business. These non-GAAP disclosures are not necessarily comparable to non-GAAP measures that may be presented by other companies. Reconciliations of non-GAAP financial measures to GAAP financial measures are provided at the end of the tables below.

Special Note Regarding Forward-Looking Statements

Certain statements contained in this release may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by their reference to a future period or periods or by the use of forward-looking terminology such as “anticipate,” “believe,” “estimate,” “expect,” “may,” “might,” “will,” “would,” “could,” or “intend.” We caution you not to place undue reliance on the forward-looking statements contained in this news release, in that actual results could differ materially from those indicated in such forward-looking statements as a result of a variety of factors, including those factors specified in our Annual Report on Form 10-K and other public filings. We undertake no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date of this news release.

Additional Information

For additional information about Business First, you may obtain Business First’s reports that are filed with the Securities and Exchange Commission (SEC) free of charge by using the SEC’s EDGAR service on the SEC’s website at www.SEC.gov or by contacting the SEC for further information at 1-800-SEC-0330. Alternatively, these documents can be obtained free of charge from Business First by directing a request to: Business First Bancshares, Inc., 500 Laurel Street, Suite 101, Baton Rouge, Louisiana 70801, Attention: Corporate Secretary.

No Offer or Solicitation

This release does not constitute or form part of any offer to sell, or a solicitation of an offer to purchase, any securities of Business First. There will be no sale of securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

Investor Relations Contacts:

Gregory Robertson 337.721.2701
Gregory.Robertson@b1bank.com

Matt Sealy 225.388.6116
Matt.Sealy@b1bank.com

Business First Bancshares, Inc.
Selected Financial Information
(Unaudited)
	Three Months Ended
	September 30,			June 30,			September 30,
(Dollars in thousands)		2026			2026			2025
Balance Sheet Ratios
Loans (HFI) to Deposits		91.92	%		92.04	%		92.53	%
Shareholders' Equity to Assets Ratio		11.19	%		11.33	%		11.04	%
Loans Receivable Held for Investment (HFI)
Commercial	$	1,990,998		$	1,988,696		$	1,920,813
Real Estate:
Commercial		2,896,707			2,824,015			2,462,617
Construction		774,170			693,477			638,907
Residential		1,048,400			1,079,018			927,456
Total Real Estate		4,719,277			4,596,510			4,028,980
Consumer and Other		70,612			74,241			71,262
Total Loans (Held for Investment)	$	6,780,887		$	6,659,447		$	6,021,055
Allowance for Loan Losses
Balance, Beginning of Period	$	62,458		$	63,655		$	58,496
Charge-offs – Quarterly		(5,787	)		(3,208	)		(3,415	)
Recoveries – Quarterly		284			293			348
Provision for Loan Losses – Quarterly		2,640			1,718			1,633
Balance, End of Period	$	59,595		$	62,458		$	57,062
Allowance for Loan Losses to Total Loans (HFI)		0.88	%		0.94	%		0.95	%
Allowance for Credit Losses to Total Loans (HFI) (1)		0.95	%		1.02	%		1.03	%
Net Charge-offs to Average Quarterly Total Loans		0.08	%		0.04	%		0.05	%
Remaining Loan Purchase Discount	$	6,119		$	7,341		$	8,943
Nonperforming Assets
Nonperforming Loans:
Nonaccrual Loans	$	80,363		$	80,124		$	45,362
Loans Past Due 90 Days or More		3,701			4,011			3,929
Total Nonperforming Loans		84,064			84,135			49,291
Other Nonperforming Assets:
Other Real Estate Owned		24,761			25,109			16,766
Other Nonperforming Assets		—			—			—
Total Other Nonperforming Assets		24,761			25,109			16,766
Total Nonperforming Assets	$	108,825		$	109,244		$	66,057
Nonperforming Loans to Total Loans (HFI)		1.24	%		1.26	%		0.82	%
Nonperforming Assets to Total Assets		1.22	%		1.23	%		0.83	%
(1) Allowance for Credit Losses includes the Allowance for Loan Loss and Reserve for Unfunded Commitments.

Business First Bancshares, Inc.
Selected Financial Information
(Unaudited)
	Three Months Ended										Nine Months Ended
	September 30,			June 30,			September 30,				September 30,			September 30,
(Dollars in thousands, except per share data)		2026			2026			2025				2026			2025
Per Share Data
Basic Earnings per Common Share	$	0.71		$	0.70		$	0.73			$	2.10		$	2.09
Diluted Earnings per Common Share		0.71			0.70			0.73				2.08			2.08
Dividends per Common Share		0.15			0.15			0.14				0.45			0.42
Book Value per Common Share		28.77			28.79			27.23				28.77			27.23
Average Common Shares Outstanding		32,504,217			32,589,951			29,544,425				32,558,017			29,363,138
Average Diluted Common Shares Outstanding		32,730,923			32,763,608			29,656,639				32,766,628			29,495,049
End of Period Common Shares Outstanding		32,345,723			32,535,659			29,615,370				32,345,723			29,615,370
Annualized Performance Ratios
Return to Common Shareholders on Average Assets (1)		1.04	%		1.03	%		1.08	%			1.03	%		1.05	%
Return to Common Shareholders on Average Common Equity (1)		9.75	%		9.83	%		10.80	%			9.78	%		10.74	%
Net Interest Margin (1)		3.86	%		3.73	%		3.68	%			3.75	%		3.68	%
Net Interest Spread (1)		3.09	%		2.99	%		2.85	%			3.00	%		2.88	%
Efficiency Ratio (2)		64.88	%		64.83	%		60.45	%			64.72	%		62.37	%
Total Quarterly/Year-to-Date Average Assets	$	8,845,047		$	8,916,954		$	7,921,159			$	8,886,084		$	7,825,828
Total Quarterly/Year-to-Date Average Common Equity		944,333			931,020			790,148				932,545			764,959
Other Expenses
Salaries and Employee Benefits	$	32,582		$	33,120		$	27,613			$	98,741		$	85,427
Occupancy and Equipment Expense		10,078			8,279			7,284				26,479			21,802
Advertising and Promotions		2,064			2,606			1,205				6,178			3,584
Communications		773			638			582				2,063			1,763
Ad Valorem Shares Tax		978			977			1,125				2,933			3,375
Data Processing Fees		3,084			3,317			3,972				10,113			12,529
Directors' Fees		308			247			261				815			733
Insurance		188			432			420				1,031			1,248
Legal and Professional Fees		1,236			1,661			1,024				3,982			3,130
Office Supplies and Printing		268			278			286				859			897
Regulatory Assessments		1,209			1,534			1,142				3,727			3,332
Merger and Conversion-Related Expenses		1,395			303			477				3,075			937
Other		6,302			6,133			3,491				17,465			11,909
Total Other Expenses	$	60,465		$	59,525		$	48,882			$	177,461		$	150,666
Other Income
Service Charges on Deposit Accounts		3,340			3,197			2,565				9,679			8,058
Gain (Loss) on Sales of Securities		(21	)		(6	)		77				53			29
Gain on Sales of Loans		814			1,583			624				3,738			2,661
Debit Card and ATM Fee Income		2,380			2,415			1,915				7,101			5,731
Cash Value of Life Insurance Income		979			902			802				2,712			2,368
Fees and Brokerage Commission		2,458			2,387			1,880				7,106			6,008
Pass-Through Income (Loss) from Other Investments		(135	)		14			133				14			638
Gain on Extinguishment of Debt		—			545			—				545			630
Gain on Sale of Branch		—			—			—				—			3,360
Swap Fee Income		626			385			1,065				2,548			2,612
Other		2,071			2,545			2,610				7,033			7,217
Total Other Income	$	12,512		$	13,967		$	11,671			$	40,529		$	39,312
(1) Average outstanding balances are determined utilizing daily averages and average yield/rate is calculated utilizing an actual day count convention.
(2) Noninterest expense (excluding provision for loan losses) divided by noninterest income plus net interest income less gain/loss on sales of securities.

Business First Bancshares, Inc.
Consolidated Balance Sheets
(Unaudited)
	September 30,			June 30,			September 30,
(Dollars in thousands)		2026			2026			2025
Assets
Cash and Due From Banks	$	490,037		$	575,604		$	399,079
Federal Funds Sold		110,738			95,535			101,103
Securities Purchased Under Agreements to Resell		79,214			30,702			25,518
Securities Available for Sale, at Fair Values		986,704			1,041,133			985,938
Mortgage Loans Held for Sale		254			2,838			433
Loans and Lease Receivable		6,780,887			6,659,447			6,021,055
Allowance for Loan Losses		(59,595	)		(62,458	)		(57,062	)
Net Loans and Lease Receivable		6,721,292			6,596,989			5,963,993
Premises and Equipment, Net		95,456			88,925			77,944
Accrued Interest Receivable		39,321			38,969			37,171
Other Equity Securities		39,984			51,302			44,313
Other Real Estate Owned		24,761			25,109			16,766
Cash Value of Life Insurance		140,148			139,169			119,509
Deferred Taxes, Net		24,853			21,561			21,433
Goodwill		131,743			135,222			121,146
Core Deposit and Customer Intangibles		31,983			33,267			15,136
Other Assets		39,474			27,181			24,380
Total Assets	$	8,955,962		$	8,903,506		$	7,953,862
Liabilities
Deposits
Noninterest-Bearing	$	1,605,682		$	1,583,562		$	1,366,558
Interest-Bearing		5,771,116			5,651,994			5,140,304
Total Deposits		7,376,798			7,235,556			6,506,862
Securities Sold Under Agreements to Repurchase		24,896			24,442			29,896
Other Short Term Borrowings		—			—			—
Federal Home Loan Bank Borrowings		334,189			442,494			367,408
Subordinated Debt		114,250			114,250			92,587
Subordinated Debt - Trust Preferred Securities		9,689			9,678			5,000
Accrued Interest Payable		3,126			3,774			4,064
Other Liabilities		90,498			64,735			69,605
Total Liabilities		7,953,446			7,894,929			7,075,422
Shareholders' Equity
Preferred Stock		71,930			71,930			71,930
Common Stock		32,346			32,536			29,615
Additional Paid-In Capital		572,968			578,087			503,325
Retained Earnings		380,182			361,846			309,999
Accumulated Other Comprehensive Loss		(54,910	)		(35,822	)		(36,429	)
Total Shareholders' Equity		1,002,516			1,008,577			878,440
Total Liabilities and Shareholders' Equity	$	8,955,962		$	8,903,506		$	7,953,862

Business First Bancshares, Inc.
Consolidated Statements of Income
(Unaudited)
	Three Months Ended									Nine Months Ended
	September 30,			June 30,			September 30,			September 30,		September 30,
(Dollars in thousands)		2026			2026			2025			2026		2025
Interest Income:
Interest and Fees on Loans	$	113,263		$	111,780		$	106,662		$	334,189	$	313,682
Interest and Dividends on Securities		9,207			9,104			7,554			26,773		21,074
Interest on Federal Funds Sold and Due From Banks		5,047			4,766			4,472			14,699		12,475
Total Interest Income		127,517			125,650			118,688			375,661		347,231
Interest Expense:
Interest on Deposits		41,511			41,251			43,358			125,520		127,343
Interest on Borrowings		5,342			6,555			6,054			16,438		17,587
Total Interest Expense		46,853			47,806			49,412			141,958		144,930
Net Interest Income		80,664			77,844			69,276			233,703		202,301
Provision for Credit Losses		1,938			1,991			3,183			6,207		8,220
Net Interest Income After Provision for Credit Losses		78,726			75,853			66,093			227,496		194,081
Other Income:
Service Charges on Deposit Accounts		3,340			3,197			2,565			9,679		8,058
Gain (Loss) on Sales of Securities		(21	)		(6	)		77			53		29
Gain on Sales of Loans		814			1,583			624			3,738		2,661
Other Income		8,379			9,193			8,405			27,059		28,564
Total Other Income		12,512			13,967			11,671			40,529		39,312
Other Expenses:
Salaries and Employee Benefits		32,582			33,120			27,613			98,741		85,427
Occupancy and Equipment Expense		10,078			8,279			7,284			26,479		21,802
Merger and Conversion-Related Expense		1,395			303			477			3,075		937
Other Expenses		16,410			17,823			13,508			49,166		42,500
Total Other Expenses		60,465			59,525			48,882			177,461		150,666
Income Before Income Taxes		30,773			30,295			28,882			90,564		82,727
Provision for Income Taxes		6,221			6,120			6,026			18,273		17,225
Net Income		24,552			24,175			22,856			72,291		65,502
Preferred Stock Dividends		1,351			1,350			1,351			4,051		4,051
Net Income Available to Common Shareholders	$	23,201		$	22,825		$	21,505		$	68,240	$	61,451

Business First Bancshares, Inc.
Consolidated Net Interest Margin
(Unaudited)
		Three Months Ended
		September 30, 2026								June 30, 2026								September 30, 2025
		Average								Average								Average
		Outstanding			Interest Earned /	Average				Outstanding			Interest Earned /	Average				Outstanding			Interest Earned /	Average
(Dollars in thousands)		Balance			Interest Paid	Yield / Rate				Balance			Interest Paid	Yield / Rate				Balance			Interest Paid	Yield / Rate
Assets
Interest-Earning Assets:
Total Loans	$	6,670,021		$	113,263	6.74	%		$	6,757,776		$	111,780	6.63	%		$	6,036,622		$	106,662	7.01	%
Securities		1,054,664			9,207	3.46	%			1,068,191			9,104	3.42	%			978,502			7,554	3.06	%
Securities Purchased under Agreements to Resell		32,316			359	4.41	%			30,683			335	4.38	%			25,490			330	5.14	%
Interest-Bearing Deposit in Other Banks		533,251			4,688	3.49	%			509,177			4,431	3.49	%			419,413			4,142	3.92	%
Total Interest-Earning Assets	$	8,290,252		$	127,517	6.10	%		$	8,365,827		$	125,650	6.02	%		$	7,460,027		$	118,688	6.31	%
Allowance for Loan Losses		(62,716	)							(63,280	)							(58,468	)
Noninterest-Earning Assets		617,511								614,407								519,600
Total Assets	$	8,845,047		$	127,517				$	8,916,954		$	125,650				$	7,921,159		$	118,688
Liabilities and Shareholders' Equity
Interest-Bearing Liabilities:
Interest-Bearing Deposits	$	5,729,786		$	41,511	2.87	%		$	5,739,241		$	41,251	2.88	%		$	5,122,136		$	43,358	3.36	%
Subordinated Debt		114,250			1,874	6.51	%			112,252			1,778	6.35	%			92,624			1,235	5.29	%
Subordinated Debt - Trust Preferred Securities		9,682			185	7.56	%			9,670			178	7.40	%			5,000			100	7.93	%
Advances from Federal Home Loan Bank (FHLB)		300,381			3,120	4.12	%			441,012			4,457	4.05	%			424,287			4,547	4.25	%
Other Borrowings		24,958			163	2.59	%			22,206			142	2.58	%			26,176			172	2.61	%
Total Interest-Bearing Liabilities	$	6,179,057		$	46,853	3.01	%		$	6,324,381		$	47,806	3.03	%		$	5,670,223		$	49,412	3.46	%
Noninterest-Bearing Liabilities:
Noninterest-Bearing Deposits	$	1,573,300							$	1,518,400							$	1,315,064
Other Liabilities		76,427								71,223								73,794
Total Noninterest-Bearing Liabilities		1,649,727								1,589,623								1,388,858
Shareholders' Equity:
Common Shareholders' Equity		944,333								931,020								790,148
Preferred Equity		71,930								71,930								71,930
Total Shareholders' Equity		1,016,263								1,002,950								862,078
Total Liabilities and Shareholders' Equity	$	8,845,047							$	8,916,954							$	7,921,159
Net Interest Spread						3.09	%							2.99	%							2.85	%
Net Interest Income				$	80,664							$	77,844							$	69,276
Net Interest Margin						3.86	%							3.73	%							3.68	%
Overall Cost of Funds						2.40	%							2.44	%							2.81	%
NOTE: Average outstanding balances are determined utilizing daily averages and an actual day count convention.

Business First Bancshares, Inc.
Consolidated Net Interest Margin
(Unaudited)
		Nine Months Ended
		September 30, 2026						September 30, 2025
		Average						Average
		Outstanding		Interest Earned /	Average			Outstanding		Interest Earned /	Average
(Dollars in thousands)		Balance		Interest Paid	Yield / Rate			Balance		Interest Paid	Yield / Rate
Assets
Interest-Earning Assets:
Total Loans	$	6,708,583	$	334,189	6.66%		$	6,001,647	$	313,682	6.99%
Securities		1,062,728		26,773	3.37%			946,961		21,074	2.98%
Securities Purchased under Agreements to Resell		29,906		996	4.45%			35,740		1,382	5.17%
Interest-Bearing Deposit in Other Banks		533,540		13,703	3.43%			361,760		11,093	4.10%
Total Interest-Earning Assets		8,334,757		375,661	6.03%			7,346,108		347,231	6.32%
Allowance for Loan Losses		(62,191)						(56,718)
Noninterest-Earning Assets		613,518						536,438
Total Assets	$	8,886,084	$	375,661			$	7,825,828	$	347,231
Liabilities and Shareholders' Equity
Interest-Bearing Liabilities:
Interest-Bearing Deposits	$	5,783,862	$	125,520	2.90%		$	5,103,928	$	127,343	3.34%
Subordinated Debt		106,303		4,872	6.13%			94,169		3,732	5.30%
Subordinated Debt - Trust Preferred Securities		10,334		516	6.68%			5,000		299	8.03%
Advances from Federal Home Loan Bank (FHLB)		346,337		10,615	4.10%			411,444		13,136	4.27%
Other Borrowings		22,416		435	2.59%			21,699		420	2.59%
Total Interest-Bearing Liabilities	$	6,269,252	$	141,958	3.03%		$	5,636,240	$	144,930	3.44%
Noninterest-Bearing Liabilities:
Noninterest-Bearing Deposits	$	1,537,842					$	1,284,745
Other Liabilities		74,515						67,954
Total Noninterest-Bearing Liabilities		1,612,357						1,352,699
Shareholders' Equity:
Common Shareholders' Equity		932,545						764,959
Preferred Equity		71,930						71,930
Total Shareholders' Equity		1,004,475						836,889
Total Liabilities and Shareholders' Equity	$	8,886,084					$	7,825,828
Net Interest Spread					3.00%						2.88%
Net Interest Income			$	233,703					$	202,301
Net Interest Margin					3.75%						3.68%
Overall Cost of Funds					2.43%						2.80%
NOTE: Average outstanding balances are determined utilizing daily averages and an actual day count convention.

Business First Bancshares, Inc.
Non-GAAP Measures
(Unaudited)
	Three Months Ended										Nine Months Ended
	September 30,			June 30,			September 30,				September 30,			September 30,
(Dollars in thousands, except per share data)		2026			2026			2025				2026			2025
Interest Income:
Interest income	$	127,517		$	125,650		$	118,688			$	375,661		$	347,231
Core interest income		127,517			125,650			118,688				375,661			347,231
Interest Expense:
Interest expense		46,853			47,806			49,412				141,958			144,930
Core interest expense		46,853			47,806			49,412				141,958			144,930
Provision for Credit Losses: (b)
Provision for credit losses		1,938			1,991			3,183				6,207			8,220
Core provision expense		1,938			1,991			3,183				6,207			8,220
Other Income:
Other income		12,512			13,967			11,671				40,529			39,312
Gain on former bank premises and equipment		-			-			-				(28	)		(155	)
Loss (gain) on sale of securities		21			6			(77	)			(53	)		(29	)
Gain on extinguishment/redemption of debt		-			(545	)		-				(545	)		(630	)
Gain on sale of branch		-			-			-				-			(3,360	)
Core other income		12,533			13,428			11,594				39,903			35,138
Other Expense:
Other expense		60,465			59,525			48,882				177,461			150,666
Acquisition-related expenses (2)		(3,538	)		(1,169	)		(1,157	)			(6,934	)		(2,406	)
Core conversion expenses		-			-			(439	)			-			(1,663	)
Tax credit - ERC		-			-			1,997				-			1,997
Core other expense		56,927			58,356			49,283				170,527			148,594
Pre-Tax Income: (a)
Pre-tax income		30,773			30,295			28,882				90,564			82,727
Gain on former bank premises and equipment		-			-			-				(28	)		(155	)
Loss (gain) on sale of securities		21			6			(77	)			(53	)		(29	)
Gain on extinguishment/redemption of debt		-			(545	)		-				(545	)		(630	)
Gain on sale of branch		-			-			-				-			(3,360	)
Acquisition-related expenses (2)		3,538			1,169			1,157				6,934			2,406
Core conversion expenses		-			-			439				-			1,663
Tax credit - ERC		-			-			(1,997	)			-			(1,997	)
Core pre-tax income		34,332			30,925			28,404				96,872			80,625
Provision for Income Taxes: (1)
Provision for income taxes		6,221			6,120			6,026				18,273			17,225
Tax on gain on former bank premises and equipment		-			-			-				(6	)		(33	)
Tax on loss (gain) on sale of securities		5			1			(16	)			(11	)		(6	)
Tax on gain on extinguishment/redemption of debt		-			(115	)		-				(115	)		(133	)
Tax on gain on sale of branch		-			-			-				-			(833	)
Tax on acquisition-related expenses (2)		743			239			157				1,301			403
Tax on core conversion expenses		-			-			93				-			352
Tax on employee retention tax credit		-			-			(422	)			-			(422	)
Core provision for income taxes		6,969			6,245			5,838				19,442			16,553
Preferred Dividends:
Preferred dividends		1,351			1,350			1,351				4,051			4,051
Core preferred dividends	$	1,351		$	1,350		$	1,351			$	4,051		$	4,051
Net Income Available to Common Shareholders:
Net income available to common shareholders	$	23,201		$	22,825		$	21,505			$	68,240		$	61,451
Gain on former bank premises and equipment, net of tax		-			-			-				(22	)		(122	)
Loss (gain) on sale of securities, net of tax		16			5			(61	)			(42	)		(23	)
Gain on extinguishment/redemption of debt, net of tax		-			(430	)		-				(430	)		(497	)
Gain on sale of branch, net of tax		-			-			-				-			(2,527	)
Acquisition-related expenses (2), net of tax		2,795			930			1,000				5,633			2,003
Core conversion expenses, net of tax		-			-			346				-			1,311
Tax credit - ERC, net of tax		-			-			(1,575	)			-			(1,575	)
Core net income available to common shareholders		26,012			23,330			21,215				73,379			60,021
Pre-tax, pre-provision earnings available to common shareholders (a+b) (3)		32,711			32,286			32,065				96,771			90,947
Gain on former bank premises and equipment		-			-			-				(28	)		(155	)
Loss (gain) on sale of securities		21			6			(77	)			(53	)		(29	)
Gain on extinguishment/redemption of debt		-			(545	)		-				(545	)		(630	)
Gain on sale of branch		-			-			-				-			(3,360	)
Acquisition-related expenses (2)		3,538			1,169			1,157				6,934			2,406
Core conversion expenses		-			-			439				-			1,663
Employee retention tax credit		-			-			(1,997	)			-			(1,997	)
Core pre-tax, pre-provision earnings	$	36,270		$	32,916		$	31,587			$	103,079		$	88,845
Average Diluted Common Shares Outstanding		32,730,923			32,763,608			29,656,639				32,766,628			29,495,049
Diluted Earnings Per Common Share:
Diluted earnings per common share	$	0.71		$	0.70		$	0.73			$	2.08		$	2.08
Gain on former bank premises and equipment, net of tax		—			—			—				—			—
Loss (gain) on sale of securities, net of tax		—			—			—				—			—
Gain on extinguishment/redemption of debt, net of tax		—			(0.01	)		—				(0.01	)		(0.02	)
Gain on sale of branch, net of tax		—			—			—				—			(0.09	)
Acquisition-related expenses (2), net of tax		0.08			0.02			0.03				0.17			0.07
Core conversion expenses, net of tax		—			—			0.01				—			0.04
Tax credit - ERC, net of taxes		—			—			(0.05	)			—			(0.05	)
Core diluted earnings per common share	$	0.79		$	0.71		$	0.72			$	2.24		$	2.03
Pre-tax, pre-provision profit diluted earnings per common share	$	1.00		$	0.99		$	1.08			$	2.95		$	3.08
Gain on former bank premises and equipment		—			—			—				—			(0.01	)
Loss (gain) on sale of securities		—			—			—				—			—
Gain on extinguishment/redemption of debt		—			(0.02	)		—				(0.02	)		(0.02	)
Gain on sale of branch		—			—			—				—			(0.11	)
Acquisition-related expenses (2)		0.11			0.04			0.04				0.21			0.08
Core conversion expenses		—			—			0.02				—			0.06
Tax credit - ERC		—			—			(0.07	)			—			(0.07	)
Core pre-tax, pre-provision diluted earnings per common share	$	1.11		$	1.01		$	1.07			$	3.14		$	3.01
(1) Tax rates, exclusive of certain nondeductible merger-related expenses and goodwill, utilized were 21.129% for 2026 and 2025. These rates approximated the marginal tax rates.
(2) Includes merger and conversion-related expenses and salary and employee benefits.
(3) Before preferred dividends.

Business First Bancshares, Inc.
Non-GAAP Measures
(Unaudited)
	September 30,			June 30,			September 30,
(Dollars in thousands, except per share data)		2026			2026			2025
Total Shareholders' (Common) Equity:
Total shareholders' equity	$	1,002,516		$	1,008,577		$	878,440
Preferred stock		(71,930	)		(71,930	)		(71,930	)
Total common shareholders' equity		930,586			936,647			806,510
Goodwill		(131,743	)		(135,222	)		(121,146	)
Core deposit and customer intangible		(31,983	)		(33,267	)		(15,136	)
Total tangible common equity	$	766,860		$	768,158		$	670,228
Total Assets:
Total assets	$	8,955,962		$	8,903,506		$	7,953,862
Goodwill		(131,743	)		(135,222	)		(121,146	)
Core deposit and customer intangible		(31,983	)		(33,267	)		(15,136	)
Total tangible assets	$	8,792,236		$	8,735,017		$	7,817,580
Common shares outstanding		32,345,723			32,535,659			29,615,370
Book value per common share	$	28.77		$	28.79		$	27.23
Tangible book value per common share		23.71			23.61			22.63
Common equity to total assets		10.39	%		10.52	%		10.14	%
Tangible common equity to tangible assets		8.72	%		8.79	%		8.57	%

Business First Bancshares, Inc.
Non-GAAP Measures
(Unaudited)
	Three Months Ended							Nine Months Ended
	September 30,		June 30,		September 30,			September 30,		September 30,
(Dollars in thousands, except per share data)	2026		2026		2025			2026		2025
Total Quarterly Average Assets	8,845,047		8,916,954		7,921,159			8,886,084		7,825,828
Total Quarterly Average Common Equity	944,333		931,020		790,148			932,545		764,959
Net Income Available to Common Shareholders:
Net income available to common shareholders	23,201		22,825		21,505			68,240		61,451
Gain on former bank premises and equipment, net of tax	-		-		-			(22	)	(122	)
Loss (gain) on sale of securities, net of tax	16		5		(61	)		(42	)	(23	)
Gain on extinguishment of debt, net of tax	-		(430	)	-			(430	)	(497	)
Gain on sale of branch, net of tax	-		-		-			-		(2,527	)
Acquisition-related expenses, net of tax	2,795		930		1,000			5,633		2,003
Core conversion expenses, net of tax	-		-		346			-		1,311
Core net income available to common shareholders	26,012		23,330		21,215			73,379		60,021
Return to common shareholders on average assets (annualized) (2)	1.04	%	1.03	%	1.08	%		1.03	%	1.05	%
Core return on average assets (annualized) (2)	1.17	%	1.05	%	1.06	%		1.10	%	1.03	%
Return to common shareholders on average common equity (annualized) (2)	9.75	%	9.83	%	10.80	%		9.78	%	10.74	%
Core return on average common equity (annualized) (2)	10.93	%	10.05	%	10.65	%		10.52	%	10.49	%
Interest Income:
Interest income	127,517		125,650		118,688			375,661		347,231
Core interest income	127,517		125,650		118,688			375,661		347,231
Interest Expense:
Interest expense	46,853		47,806		49,412			141,958		144,930
Core interest expense	46,853		47,806		49,412			141,958		144,930
Other Income:
Other income	12,512		13,967		11,671			40,529		39,312
Gain on former bank premises and equipment	-		-		-			(28	)	(155	)
Loss (gain) on sale of securities	21		6		(77	)		(53	)	(29	)
Gain on extinguishment of debt	-		(545	)	-			(545	)	(630	)
Gain on sale of branch	-		-		-			-		(3,360	)
Core other income	12,533		13,428		11,594			39,903		35,138
Other Expense:
Other expense	60,465		59,525		48,882			177,461		150,666
Acquisition-related expenses	(3,538	)	(1,169	)	(1,157	)		(6,934	)	(2,406	)
Core conversion expenses	-		-		(439	)		-		(1,663	)
Core other expense	56,927		58,356		49,283			170,527		148,594
Efficiency Ratio:
Other expense (a)	60,465		59,525		48,882			177,461		150,666
Core other expense (c)	56,927		58,356		49,283			170,527		148,594
Net interest and other income (1) (b)	93,197		91,817		80,870			274,179		241,584
Core net interest and other income (1) (d)	93,197		91,272		80,870			273,606		237,439
Efficiency ratio (a/b)	64.88	%	64.83	%	60.45	%		64.72	%	62.37	%
Core efficiency ratio (c/d)	61.08	%	63.94	%	60.94	%		62.33	%	62.58	%
Total Average Interest-Earnings Assets	8,290,252		8,365,827		7,460,027			8,334,757		7,346,108
Net Interest Income:
Net interest income	80,664		77,844		69,276			233,703		202,301
Loan discount accretion	(1,221	)	(995	)	(1,111	)		(3,355	)	(2,671	)
Net interest income excluding loan discount accretion	79,443		76,849		68,165			230,348		199,630
Net interest margin (2)	3.86	%	3.73	%	3.68	%		3.75	%	3.68	%
Net interest margin excluding loan discount accretion (2)	3.80	%	3.68	%	3.63	%		3.70	%	3.63	%
Net interest spread (2)	3.09	%	2.99	%	2.85	%		3.00	%	2.88	%
Net interest spread excluding loan discount accretion (2)	3.04	%	2.94	%	2.80	%		2.94	%	2.83	%
(1) Excludes gains/losses on sales of securities.
(2) Calculated utilizing an actual day count convention.

Media Contact: Misty Albrecht b1BANK
225.286.7879
media@b1BANK.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Business First Bancshares’ Q3 2026 earnings?

Business First earned $23.2 million available to common shareholders, or $0.71 per diluted common share, in Q3 2026. Those figures increased $0.4 million and $0.01, respectively, from the prior quarter. Non-GAAP core earnings were $26.0 million, or $0.79 per diluted common share.

Who qualifies for Business First Bancshares’ November 2026 dividends?

Shareholders of record on November 15, 2026 qualify for the declared quarterly dividends. The common dividend is $0.15 per share and the preferred dividend is $18.75 per share. Both are payable November 30, 2026, or as soon thereafter as practicable.

What drove Business First Bancshares’ deposit growth in Q3 2026?

Interest-bearing deposits increased $119.1 million, while noninterest-bearing deposits increased $22.1 million. The interest-bearing increase reflected $180.1 million in commercial money market accounts, partially offset by a $65.9 million decline in brokered deposits. Houston and Southwest Louisiana led overall loan and deposit growth.