Welcome to our dedicated page for Business First B news (Ticker: BFST), a resource for investors and traders seeking the latest updates and insights on Business First B stock.
Business First Bancshares Inc. (NASDAQ: BFST) provides comprehensive banking solutions through personal/commercial services, treasury management, and wealth advisory. This news hub offers investors and stakeholders timely updates on material developments affecting the Louisiana and Texas-focused financial institution.
Access curated press releases and analysis covering earnings reports, strategic partnerships, leadership changes, and regulatory filings. Our repository simplifies tracking of BFST's financial performance, merger & acquisition activity, and market positioning within regional banking sectors.
Key updates include quarterly results announcements, loan portfolio expansions, dividend declarations, and technology implementations. Bookmark this page for direct access to verified information supporting informed analysis of BFST's commercial lending growth, deposit trends, and risk management strategies.
Business First Bancshares, Inc. (Nasdaq: BFST), the holding company for b1BANK, has received all required regulatory approvals for its merger with Oakwood Bancshares, Inc. The merger, approved by Oakwood's shareholders on August 27, 2024, is expected to be completed on October 1, 2024. Upon completion, b1BANK's assets will increase to approximately $7.6 billion, with over $5.9 billion in consolidated total loans. The merger will add four full-service banking centers in the Dallas-Fort Worth metropolitan area and two additional branches in Texas. Roy J. Salley will join b1BANK as regional chairman, Dallas, and William G. Hall will be appointed to the boards of directors of Business First and b1BANK.
Business First Bancshares, Inc. (Nasdaq: BFST) has appointed Zeenat Sidi to its Board of Directors and its banking subsidiary b1BANK. Sidi brings over 25 years of experience in fintech, consumer banking, and payments industries. Her expertise includes P&L leadership, digital transformation, and risk management. Notable achievements include developing products at loanDepot that gained Wall Street Journal recognition and holding senior executive roles at SoFi and Capital One. Sidi's appointment is expected to enhance the board's digital expertise and customer engagement strategies. She holds advanced degrees from Duke University and Stanford University and has been recognized as one of the Outstanding 50 Asian Americans in Business in 2022.
Business First Bancshares, Inc. (Nasdaq: BFST), the parent company of b1BANK, has announced significant changes in its board leadership. David R. "Jude" Melville III has been unanimously elected as the new board chair by the independent directors. Simultaneously, Rolfe H. McCollister Jr. has been appointed as the lead independent director.
Melville, who will continue his role as President and CEO, will now lead the board's agenda-setting process, focusing on strategic opportunities and risk management. McCollister, in his new position, will maintain substantial authority, including providing input on board agendas, calling meetings of independent directors, and setting agendas for executive sessions.
Business First Bancshares, Inc. (NASDAQ: BFST) reported strong financial results for Q2 2024. Net income available to common shareholders reached $15.9 million or $0.62 per diluted common share, up $3.6 million and $0.14 respectively from Q1 2024. Core net income was $16.3 million or $0.64 per diluted common share. The company saw improvements in earnings, net interest margin, noninterest income, loan and deposit mix, and capital accretion.
Key highlights include:
- Net interest margin expansion to 3.45%
- Noninterest income increase of 29.73%
- Loan growth of 1.45% (5.85% annualized)
- Stable credit quality
- Announced acquisition of Oakwood Bancshares, Inc.
The board declared a quarterly preferred dividend of $18.75 per share and a common dividend of $0.14 per share, payable on August 31, 2024.
Business First Bancshares (Nasdaq: BFST), the parent company of b1BANK, announced the release date for its second quarter 2024 earnings. The earnings report will be made available after the market closes on Thursday, July 25, 2024. This will be followed by a conference call and webcast at 4:00 p.m. CST on the same day. Participants can join the call by dialing 1-800-715-9871 with the conference ID 9962250, or access the live webcast via their website. A corresponding slide presentation will also be available on the b1BANK website.
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