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.
Business First Bancshares, Inc. filings document the regulatory record of a bank holding company and parent of b1BANK. Its 8-K reports cover operating and financial results, common and preferred dividend disclosures, Regulation FD materials, stock repurchase authorization, officer and compensation matters, and material-event reporting.
The filing record also includes proxy materials for shareholder voting, board governance, executive compensation and equity-award disclosures. Capital-structure filings describe BFST's NASDAQ-listed common stock and subordinated note financing, including private placement terms, direct financial obligations and related regulatory-capital purposes.
Business First Bancshares EVP & Chief Credit Officer Warren McDonald reported equity compensation and related share movements. On March 2, 2026, he received a grant of 3,974 time-based restricted stock units, each equivalent to one share of common stock. These RSUs are scheduled to vest in three installments: 1,324 units on March 2, 2027, 1,324 units on March 2, 2028, and 1,326 units on March 2, 2029.
On March 1, 2026, he exercised 1,337 restricted stock units into 1,337 shares of common stock and disposed of 565 common shares at $27.30 per share to satisfy tax withholding obligations. After these transactions, he directly held 15,353 shares of common stock and 9,273 restricted stock units, alongside other previously granted time-based RSUs vesting in stages through 2029.
Business First Bancshares EVP & COO of b1Bank Keith Mansfield reported multiple equity transactions in company stock and restricted stock units. On March 2, 2026, he received a grant of 5,740 time-based restricted stock units, which will vest in three annual installments from March 2, 2027 through March 2, 2029.
On March 1, 2026, he exercised 1,926 restricted stock units into an equal number of common shares at no cash cost and disposed of 676 common shares at $27.30 per share to satisfy tax withholding. After these transactions, he directly held 82,663 common shares and 13,374 restricted stock units.
Business First Bancshares EVP & Chief Risk Officer Kathryn Manning reported multiple equity compensation transactions. She received grants of 745 and 2,984 time-based restricted stock units on March 2, 2026, each unit economically equivalent to one share of common stock and vesting in annual installments through 2029.
On March 1, 2026, 1,239 restricted stock units partially vested and converted into 1,239 common shares, followed by a disposition of 1,239 common shares back to the issuer at $27.30 per share. Part of the new and previously granted units has been deferred into the company’s b1BANK Deferred Compensation Plan, to be paid in cash after separation, death, or disability.
Business First Bancshares, Inc. executive Philip Jordan, EVP & CBO of b1Bank, reported equity awards and related share movements. On March 2, 2026, he received a grant of 5,701 time-based restricted stock units (RSUs), which will vest in three installments from 2027 through 2029.
On March 1, 2026, he exercised 1,926 RSUs, acquiring the same number of common shares, and had 527 common shares withheld at $27.30 per share to cover tax obligations. After these transactions, he directly holds 82,041 shares of common stock and 13,335 RSUs, plus additional unvested restricted stock and retirement-plan holdings noted in the footnotes.
Business First Bancshares EVP Donald Chad Carter reported equity compensation activity in company stock. On March 2, 2026, he received a grant of 4,020 time-based restricted stock units, which will vest in three equal installments on March 2, 2027, 2028, and 2029.
On March 1, 2026, he exercised 1,337 restricted stock units into an equal number of common shares at a price of $0.00 per share. To cover tax obligations related to this equity event, 366 common shares were withheld at $27.30 per share. After these transactions, he directly owned 14,834 common shares and 9,319 restricted stock units.
BFST provides a Form 144 notice describing proposed sales of Common shares. The filing lists 10,000 shares handled by Raymond James & Associates with an aggregate dollar amount of $280,000.00 and references a total share figure of 29,615,370 as of 03/02/2026. The filing also shows an issuer-related entry of 277,969 shares in connection with a merger dated 01/01/2026, and discloses that George Cummings III sold 20,000 common shares on 02/25/2026 for $560,056.00.
Business First Bancshares, Inc. director George W. Cummings III reported an open-market sale of 20,000 shares of common stock at $28.0000 per share. After this sale on 2026-02-25, he directly owned 338,775 common shares, which includes 223,669 shares that are pledged. In addition, 3,911 shares were reported as held indirectly through his spouse.
Business First Bancshares, Inc., parent of b1BANK, is a Louisiana-based financial holding company focused on small-to-midsized business clients. As of December 31, 2025, it reported total assets of $8.2 billion, total loans of $6.2 billion, total deposits of $6.7 billion and shareholders’ equity of $896.9 million.
The company is pursuing a branch-lite, relationship-driven growth strategy across Louisiana, the Dallas/Fort Worth metroplex and Houston, supported by commercial and industrial lending, commercial real estate lending, wealth management and treasury services. Recent acquisitions include Waterstone LSP, LLC for $3.3 million in cash, Oakwood Bancshares, Inc. in exchange for 3,973,134 common shares, and Progressive Bancorp, Inc. in exchange for 3,192,367 common shares, expanding its Texas and north Louisiana footprint. The filing also details extensive risk factors, regulatory capital and control frameworks, and human capital data, including 842 employees and an emphasis on diversity, training and disciplined credit risk management.
Business First Bancshares, Inc. reported that b1BANK Senior Vice President and Chief Accounting Officer Scott Padurean has resigned to pursue another professional opportunity. The company stated his resignation is not due to any conflict or disagreement regarding operations, policies, or practices.
Padurean will continue to serve as Chief Accounting Officer until March 6, 2026, providing a short transition period. Business First has begun a search to identify its next Chief Accounting Officer to oversee the bank’s accounting and financial reporting functions.