Welcome to our dedicated page for Business First B SEC filings (Ticker: BFST), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Business First Bancshares, Inc. (BFST) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. Business First is a Louisiana-incorporated bank holding company for b1BANK, and its common stock trades on the Nasdaq Global Select Market under the symbol BFST, as noted in multiple Form 8-K filings.
Through its periodic and current reports, Business First details its financial condition and results of operations. Quarterly earnings information is often furnished via Form 8-K under Item 2.02, accompanied by press releases and supplemental slide presentations. These materials describe net interest income, loan and deposit trends, credit quality metrics, securities portfolio changes, capital ratios and non-GAAP measures such as core net income and tangible book value per share.
Filings also document capital management and corporate actions. An 8-K dated October 28, 2025, outlines a stock repurchase program authorizing the company to repurchase shares of its common stock up to a specified aggregate purchase price over a defined period, with purchases permitted in the open market or through privately negotiated transactions. Other 8-Ks report the declaration of common and preferred dividends, including record and payment dates.
Investors can review merger and acquisition disclosures through Forms 8-K that describe the Agreement and Plan of Reorganization with Progressive Bancorp, Inc. and Progressive Bank, including the exchange ratio, conditions to closing, termination rights and related voting and director support agreements. Subsequent filings and press releases discuss the completion of the transaction and its impact on assets, loans, deposits and geographic presence.
Business First’s filings also cover executive and change-in-control arrangements. A November 4, 2025, Form 8-K summarizes an Amended and Restated Executive Employment Agreement with the company’s chief executive officer, including term, compensation, severance protections and post-termination covenants. The same filing describes change in control agreements with other senior officers, outlining payment formulas and non-competition and non-solicitation provisions.
On Stock Titan, these SEC filings are updated as new documents are posted to EDGAR. AI-powered tools can help readers quickly identify key items within lengthy filings, such as dividend declarations, repurchase authorizations, merger terms, or executive compensation and change-in-control provisions, allowing users to focus on the sections most relevant to their analysis of BFST.
Business First Bancshares executive Heather G. Roemer, EVP and CAO, reported the vesting and conversion of 1,082 time-based restricted stock units into common stock on December 12, 2025. She elected to defer the vested securities under the b1BANK Deferred Compensation Plan, which will pay a lump-sum cash amount equal to the deferred shares plus any earnings or losses after her separation of service, death, or disability.
After these transactions, she directly owns 19,592 shares of common stock, plus 8,817 shares held by her spouse and 7,230 shares held as custodian for her minor children. She also beneficially owns 5,657 time-based restricted stock units that are scheduled to vest in installments on future anniversaries of the underlying grant dates.
Business First Bancshares, Inc.December 12, 2025. The executive had 1,833 restricted stock units convert into an equal number of shares of common stock and then disposed of those 1,833 shares at $27.71 per share in connection with a deferral election under the b1BANK Deferred Compensation Plan.
After these transactions, the executive directly owned 80,642 shares of common stock and held 9,560 restricted stock units. The holdings also include 3,776 shares of unvested restricted stock granted on February 1, 2024, vesting on March 31, 2026, plus 4,000 shares in an investment retirement account and employer stock fund units equivalent to approximately 14,993 shares through the issuer's 401(k) plan.
Business First Bancshares, Inc. executive vice president and CFO Gregory Robertson reported equity transactions dated 12/12/2025. One line item shows 1,833 shares of common stock associated with a transaction coded “M,” and another shows 502 shares of common stock disposed of in a transaction coded “F” at $27.71 per share. After these transactions, he directly owns 69,166 shares of common stock.
The filing notes that this direct holding includes 3,776 shares of unvested restricted stock granted on February 1, 2024, scheduled to vest on March 31, 2026 and subject to forfeiture under certain conditions. Robertson also beneficially owns 9,560 time‑based restricted stock units, reflecting grants made on December 12, 2024 and March 1, 2025, with tranches scheduled to vest between 2026 and 2028.
Business First Bancshares President and CEO David R. Melville III, who also serves as a director, reported the vesting of 4,938 restricted stock units into common stock on December 12, 2025. He then deferred the resulting 4,938 shares, reported as a disposition at $27.71 per share, into the company’s b1BANK Deferred Compensation Plan. After these transactions, he directly beneficially owned 213,181 shares of common stock, which include unvested restricted stock, units held through the 401(k) plan, and pledged shares.
Business First Bancshares, Inc. executive vice president and COO of b1Bank, Keith Mansfield, reported insider equity transactions in company common stock and restricted stock units on December 12, 2025.
On that date, he acquired 1,833 shares of common stock in a transaction related to restricted stock units and disposed of 643 shares at a price of $27.71 per share, resulting in 82,056 common shares beneficially owned directly. This total includes 3,776 shares of unvested restricted stock granted on February 1, 2024 that are scheduled to vest on March 31, 2026 and are subject to forfeiture, and 27,000 shares held in his investment retirement account.
He also reported derivative holdings of 9,560 time-based restricted stock units. These comprise 3,722 units from a December 12, 2024 grant, with 1,833 shares scheduled to vest on December 12, 2026 and 1,889 shares on December 12, 2027, and 5,838 units from a March 1, 2025 grant, with tranches of 1,926 shares vesting on March 1, 2026 and March 1, 2027, and 1,986 shares vesting on March 1, 2028.
Business First Bancshares, Inc. executive vice president Donald Chad Carter reported equity activity dated December 12, 2025. He recorded acquisition of 1,272 shares of common stock and a disposition of 348 shares at $27.71 per share, resulting in direct ownership of 17,641 common shares following the reported transactions.
After these changes, he also beneficially owns 6,636 time-based restricted stock units, which are scheduled to vest in installments between March 1, 2026 and March 1, 2028 under awards granted on December 12, 2024 and March 1, 2025. His reported common stock holdings include units of the employer stock fund in the company 401(k) plan equivalent to 6,799 shares and 1,156 shares of unvested restricted stock that are subject to forfeiture upon certain events.
Business First Bancshares, Inc. reported insider equity activity by its EVP & General Counsel, Saundra Strong. On December 12, 2025, 1,272 restricted stock units were converted into 1,272 shares of common stock in a transaction coded M.
On the same date, 561 shares of common stock were disposed of at $27.71 per share in a transaction coded F. After these transactions, Strong directly beneficially owned 6,708 shares of common stock, including 2,732 shares of unvested restricted stock scheduled to vest on March 31, 2026, and held 6,636 time-based restricted stock units that are scheduled to vest in installments from 2026 through 2028.
Business First Bancshares EVP and Chief Credit Officer Warren McDonald reported equity transactions in company stock. On December 12, 2025, he acquired 1,272 shares of common stock and disposed of 539 shares at $27.71 per share. After these transactions, he directly owned 14,581 shares of common stock. He also held 6,636 time-based restricted stock units that are scheduled to vest in installments on December 12, 2026 and 2027, and on March 1, 2026, 2027 and 2028. In addition, his holdings include 2,732 shares of unvested restricted stock granted on February 1, 2024, which are expected to vest on March 31, 2026 and are subject to forfeiture upon certain events.
Business First Bancshares, Inc. (BFST)
The filing notes that this total includes 3,776 shares of unvested restricted stock granted on February 1, 2024, scheduled to vest on March 31, 2026, which remain subject to forfeiture under certain conditions. In addition, he beneficially owns 15,704 time-based restricted stock units, consisting of 7,657 units granted on December 12, 2024 that vest in three equal annual installments, and 8,047 units granted on March 1, 2025 that vest in tranches in 2026, 2027, and 2028.
Business First Bancshares (BFST) amended and restated its executive employment agreement with David R. Melville, III, confirming his continued roles as Chairman, President and CEO of Business First and Chairman and CEO of b1BANK. The agreement carries an initial five‑year term and then renews automatically in one‑year increments unless either party gives 90 days’ notice.
Mr. Melville’s compensation includes a base salary of not less than $827,500, participation in incentive plans and benefits, plus a vehicle allowance and a country club membership. If terminated without cause or he resigns for good reason, he is eligible for a cash payment equal to three times his then‑current base salary plus his three‑year average bonus, along with continued benefits. The same 3x formula applies if such a termination occurs within three months before or 24 months after a change in control, subject to Section 280G/4999 limitations. He also agreed to two‑year non‑compete and non‑solicit covenants.
The Company also executed change‑in‑control agreements with Gregory Robertson, Norman Jerome Vascocu, Jr., Keith Mansfield, and Philip Jordan, generally providing 2x base salary plus three‑year average bonus upon qualifying terminations in the three‑months‑before to 24‑months‑after change‑in‑control window, with two‑year restrictive covenants.
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