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Business First Bancshares, Inc., Announces Financial Results for Q2 2026

BFST
  • Business First Bancshares reported Q2 2026 net income of $22.8 million ($0.70 per diluted share), an increase of $0.6 million & $0.02 from the prior quarter.
  • Core net income on a non-GAAP basis was $23.3 million ($0.71 per diluted share), a decrease of $0.7 million & $0.02 from the linked quarter.
  • Net interest margin expanded 8 basis points to 3.73% for the quarter, driven by improved loan yields & deposit cost management.
  • The board declared a preferred dividend of $18.75 per share & a common dividend of $0.15 per share, both payable on August 31, 2026.
  • American Planning Corporation was acquired on June 29, 2026, expanding Smith Shellnut Wilson's advisory platform.
  • Business First repurchased 176,849 shares valued at $4.8 million during the quarter as part of its stock buyback program.
  • Tangible common equity to tangible assets increased to 8.79%, while the total risk-based capital ratio rose to 13.77%.
  • $100.3 million in lower-yielding acquired Progressive loans were sold, including $55.3 million in residential mortgages & $45.0 million in commercial real estate loans.
  • Loans held for investment decreased 0.37% to $6.66 billion, offset by $96.4 million in organic loan production & $21.0 million in nonperforming loan resolutions.
  • Nonperforming loans to total loans decreased to 1.26%, while net charge-offs to average loans increased to 4 basis points.
  • Total deposits decreased 3.07% to $7.24 billion, impacted by declines in commercial money market accounts & brokered deposits.
  • Borrowings increased 53.66% to $442.5 million, primarily due to higher Federal Home Loan Bank advances.
  • Net interest income totaled $77.8 million, up from $75.2 million in the previous quarter, while provision for credit losses decreased to $2.0 million.
  • Other expenses increased $2.1 million to $59.5 million, driven by higher advertising, legal fees, & regulatory assessments, partially offset by lower merger-related costs.
  • CEO Jude Melville highlighted Meta's $40 billion investment in Northeast Louisiana & the upcoming full integration of the Progressive acquisition as key growth drivers.
  • A conference call to discuss results is scheduled for July 23, 2026, at 4:00 p.m. Central Time.