Business First Bancshares, Inc. Announces Financial Results for Q3 2026
Key Highlights
- ➤Core Q3 net income $26.0 million, or $0.79 per diluted share
- ➤Net interest margin expanded 13 basis points to 3.86%
- ➤Loans grew $121.4 million and deposits $141.2 million annualized
- ➤Business First repurchased 204,160 shares for $6.3 million
- ➤Progressive Bank core systems conversion completed in August 2026
Expert Statements
Jude Melville, Chairman, president, and CEO of Business First
“Our third quarter showed what disciplined execution can deliver”
Jude Melville, Chairman, president, and CEO of Business First
“We completed the conversion of Progressive Bank, and I’m grateful to our North Louisiana teammates and clients for helping make it a seamless transition.”
Jude Melville, Chairman, president, and CEO of Business First
“We grew loans and deposits at a balanced pace appropriate to our level of capital strength, and we did so while expanding our net interest margin by 12 basis points and keeping non-interest expenses in check.”
Jude Melville, Chairman, president, and CEO of Business First
“The result was higher earnings and stronger returns.”
Jude Melville, Chairman, president, and CEO of Business First
“Our team earned these results through disciplined execution, and we’ll keep that same focus as we continue to invest in the growing number of opportunities we’re seeing across our diversified footprint.”
BATON ROUGE, La., Oct. 26, 2026 (GLOBE NEWSWIRE) -- Business First Bancshares, Inc. (NASDAQ: BFST) (Business First), parent company of b1BANK, today announced its unaudited results for the quarter ended September 30, 2026. Business First reported net income available to common shareholders of $23.2 million or $0.71 per diluted common share, increases of $0.4 million and $0.01, respectively, compared to the linked quarter. On a non-GAAP basis, core net income available to common shareholders for the quarter ended September 30, 2026, which excludes certain income and expenses, was $26.0 million or $0.79 per diluted common share, increases of $2.7 million and $0.08 from the linked quarter.
“Our third quarter showed what disciplined execution can deliver,” said Jude Melville, chairman, president, and CEO of Business First. “We completed the conversion of Progressive Bank, and I’m grateful to our North Louisiana teammates and clients for helping make it a seamless transition. We grew loans and deposits at a balanced pace appropriate to our level of capital strength, and we did so while expanding our net interest margin by 12 basis points and keeping non-interest expenses in check. The result was higher earnings and stronger returns. Our team earned these results through disciplined execution, and we’ll keep that same focus as we continue to invest in the growing number of opportunities we’re seeing across our diversified footprint.”
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