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 (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.
Business First Bancshares (BFST) reported stronger operating results for the quarter ended September 30, 2025. Net income was
On the balance sheet as of September 30, 2025, total assets were
Business First Bancshares (BFST) director Rick D. Day bought 1,600 shares of common stock at $24.21 on October 28, 2025, as reported on Form 4. Following the purchase, he directly beneficially owns 265,885 shares.
He also holds 1,016 restricted stock units (RSUs) granted on June 26, 2025 under the 2024 Equity Incentive Plan, which are economically equivalent to one share each and will fully vest on June 26, 2026. The unvested RSUs are subject to forfeiture under certain events.
Business First Bancshares (BFST) announced a stock repurchase program authorizing the company to buy back up to $30,000,000 of its common stock. The program is effective immediately and will continue until October 28, 2027.
Repurchases may occur through open market or privately negotiated transactions, with any open market activity conducted in accordance with Rule 10b-18 and other legal requirements. Management will determine the number, price, and timing of any repurchases based on market conditions, regulatory and financial considerations, and liquidity needs. The authorization does not obligate the company to repurchase shares, and there is no assurance that it will do so.
Business First Bancshares (BFST) announced financial results for the quarter ended September 30, 2025, and declared quarterly dividends. The Board approved a $0.15 per-share common dividend for shareholders of record on November 15, 2025, payable on November 30, 2025, or as soon as practicable thereafter.
The Board also declared a preferred dividend of $18.75 per share, representing the full quarterly dividend of 1.875% based on a 7.50% per annum rate, payable on November 30, 2025 to preferred shareholders of record as of November 15, 2025. The company furnished a press release (Exhibit 99.1) and supplemental investor materials (Exhibit 99.2) alongside this update.
Business First Bancshares is registering approximately 3,049,030 shares of common stock for issuance in its proposed merger with Progressive Bancorp. In the stock-for-stock deal, each Progressive share will be converted into 6.6300 shares of Business First common stock, subject to a collar that can adjust the exchange ratio if Business First’s share price moves outside a set range. Based on recent Business First prices, the merger consideration has implied aggregate values of about $79.9 million and $75.7 million in the examples shown.
Progressive shareholders will vote on the merger at a special meeting on October 17, 2025, and must approve the merger proposal for it to proceed. The transaction is also subject to approvals from federal and state banking regulators and is expected to qualify as a tax-free reorganization for most Progressive shareholders, although cash paid for fractional shares or certain adjustments may be taxable. Progressive shareholders have appraisal rights under Louisiana law and are urged by the Progressive board, which unanimously supports the deal, to vote in favor of the merger.
Business First Bancshares, Inc. filed an S-4/A amendment relating to a proposed business combination with Progressive. The excerpt shows customary merger-document structure including consideration and exchange procedures, representations and warranties of each party, mutual covenants, closing and termination provisions, and conditions precedent. The filing references several filing dates including
Business First Bancshares, Inc. (BFST) filed an S-4 registration related to a proposed business combination with Progressive (and Progressive Bank) and includes procedural and disclosure schedules for the merger. The filing lists contact information for BFST's CEO and corporate secretary in Baton Rouge and an assistant secretary in Monroe. The agreement requires each party to continue control of its operations prior to the merger's effective time and preserves directors' ability to change recommendations if a superior proposal arises consistent with fiduciary duties.
The agreement permits termination if environmental inspections of Progressive properties reveal adverse findings that are reasonably likely to have a Material Adverse Effect on Progressive or Progressive Bank, provided such termination occurs on or before October 5, 2025. The filing cites related disclosure and amendment dates including filings dated March 7, 2025, May 2, 2025, and BFST's Quarterly Report for the quarter ended June 30, 2025 filed on August 5, 2025.
Insider sale reported: Saundra Strong, Executive Vice President & General Counsel of Business First Bancshares, Inc. (BFST), sold 2,363 shares of the company's common stock at a weighted average price of $25.38, executed on 08/22/2025. After the sale she beneficially owns 5,997 shares directly. The filing also reports ownership of 7,908 restricted stock units that convert to common stock on future vesting dates: 3,856 RSUs granted 12/12/2024 vesting through 2027, and 4,052 RSUs granted 03/01/2025 vesting through 2028. Additionally, 2,732 shares of unvested restricted stock (granted 02/01/2024) remain subject to forfeiture and vest on 03/31/2026.
Form 144 filed for Business First Bancshares, Inc. (BFST) reports a proposed sale of 2,363 shares of common stock through Morgan Stanley Smith Barney LLC, with an aggregate market value of $59,964.91. The filing lists 29,602,970 shares outstanding and an approximate sale date of 08/22/2025 on NASDAQ. The shares were acquired as restricted stock on 03/31/2025 (2,331 shares) and 03/31/2024 (32 shares). No securities were reported sold in the past three months. Several issuer and filer contact fields in the form are blank.
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