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), the parent company of b1BANK, generates regular news flow through earnings announcements, capital actions and strategic transactions. As a commercial banking organization operating in markets across Louisiana and Texas, its updates provide insight into loan growth, deposit trends, credit quality and overall financial performance.
News releases frequently cover quarterly and annual financial results, including net interest income, net interest margin, loan portfolio composition, deposit changes, securities portfolio activity and provisions for credit losses. These earnings updates are often paired with details on common and preferred stock dividends declared by the board of directors.
Investors following BFST can also track corporate actions and capital management through press releases and Form 8-K filings. Recent examples include the authorization of a stock repurchase program with a defined aggregate purchase limit and term, as well as announcements of quarterly dividends. These items help readers understand how the company manages its capital structure and shareholder returns.
Another key category of news involves mergers and acquisitions. Business First has announced and later completed the acquisition of Progressive Bancorp, Inc. and Progressive Bank, with related disclosures describing expected asset growth, loan balances and expanded presence in North Louisiana. The company also reports on system conversions and branch optimization, such as the sale of a banking branch and integration of acquired bank systems.
Governance and leadership developments appear in releases about board appointments and executive promotions, including roles tied to business transformation, product management, marketing, human resources and community initiatives through the b1 FOUNDATION. Earnings release date announcements and details on conference calls and webcasts provide logistics for analysts and shareholders who wish to hear management’s commentary.
By reviewing the BFST news feed, readers can follow the company’s financial results, acquisition activity, capital decisions and leadership updates in one place.
Business First Bancshares, Inc. (BFST) reported its unaudited financial results for the year ended December 31, 2020, revealing a net income of $30.0 million, or $1.64 per diluted share, compared to $23.8 million, or $1.74 per diluted share in 2019. Core net income rose to $37.5 million, or $2.05 per diluted share. Q4 2020 net income surged to $13.8 million, with core net income of $14.1 million. Total loans decreased by $91.1 million, mainly due to PPP loan forgiveness. A quarterly dividend of $0.10 per share was declared, with a book value of $19.88 per share as of December 31, 2020.
Business First Bancshares, Inc. (BFST) reported a strong third quarter 2020 with a net income of $9.6 million ($0.46 per diluted share), up from $5.5 million ($0.40) year-over-year. Core net income reached $11.0 million ($0.53 per diluted share), driven by higher net interest income and reduced acquisition expenses following the Pedestal acquisition. Total loans grew by 81.89% year-over-year, bolstered by the SBA Paycheck Protection Program. However, the company recorded an increase in nonperforming assets as a percentage of total assets to 0.54%. A quarterly dividend of $0.10 was declared.
Baton Rouge, La., Sept. 25, 2020 – b1BANK President and CEO Jude Melville announced the appointment of Carol Calkins to the board of directors of b1BANK and its parent company Business First Bancshares, under the ticker BFST. With over 30 years of experience in finance and ESG, Calkins previously held top roles at PricewaterhouseCoopers. Melville praised her background and connections in Louisiana and Texas as beneficial for the bank’s future. Calkins expressed enthusiasm for contributing to the community banking sector.
Jude Melville, CEO of b1BANK, announced Jesse Jackson as the new leader of the bank's Financial Institutions Group, bringing over 30 years of banking experience. Previously an executive at Texas Capital Bank, Jackson is recognized for building a broad correspondent banking network. Melville emphasized the need for community bankers to collaborate for economic recovery. Jackson aims to foster high-value partnerships to drive success at b1BANK. The bank operates 42 locations across Louisiana and Dallas, offering various banking services. Business First Bancshares trades under the ticker BFST.
On July 21, 2020, b1BANK's President and CEO Jude Melville announced Keith Tillage's appointment to the board of directors of b1BANK and its parent company, Business First Bancshares (NASDAQ: BFST). Tillage brings over 20 years of experience in commercial construction, having led Tillage Construction to national recognition as a minority-owned business. Melville highlighted Tillage's expertise in business development as an asset during economic uncertainty, emphasizing the company's commitment to supporting local entrepreneurs.
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