News & Events

Business First Bancshares, Inc. Announces the Appointment of a New Board Member

Baton Rouge, La. – b1BANK President and CEO Jude Melville announced today the addition of Carol Calkins to the board of directors of b1BANK and its parent company Business First Bancshares, Inc (Nasdaq: BFST). Calkins is a Certified Public Accountant and joins the board with over 30 years of finance, audit, and environmental, social and governance criteria (ESG) experience. During her 22-year tenure at PricewaterhouseCoopers (PwC) she held several roles including National Partner in Charge of PwC’s Sales & Use Tax Group, SALT Practice Partner for Technology & Section 302/404, and PwC’s National co-chair for Diversity and Work-Life Quality. She has used her experience in government, industry, and public accounting to develop pragmatic and efficient solutions for issues related to restructuring, business processes, Sarbanes-Oxley Act, relationship connectivity and mergers and acquisitions.

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b1BANK Names Jesse Jackson to Lead Financial Institutions Group

Baton Rouge, La. – Jude Melville, president and CEO of b1BANK, announced Jesse Jackson will lead the bank’s Financial Institutions Group and will join the executive leadership team. Jackson has over 30 years’ experience in the banking industry, most recently serving as executive vice president of Texas Capital Bank’s Dallas Commercial Banking Practice. Jackson was also instrumental in building their correspondent banking network of over 400 community financial institutions across more than 40 states.

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BUSINESS FIRST BANCSHARES, INC., ANNOUNCES FINANCIAL RESULTS FOR Q2 2020

Baton Rouge, La. (July 29, 2020) – Business First Bancshares, Inc. (NASDAQ: BFST) (Business First), parent company of b1BANK, Baton Rouge, Louisiana, today announced its unaudited results for the quarter ended June 30, 2020, including net income of $2.1 million, or $0.11 per diluted share, decreases of $4.8 million and $0.39, respectively, from the quarter ended June 30, 2019. On a non-GAAP basis, core net income for the quarter ended June 30, 2020, which excludes certain income and expenses, was $7.4 million, or $0.41 per diluted share, an increase of $748,000 and decrease of $0.07, respectively, from the quarter ended June 30, 2019. Both net income and diluted earnings per share were adversely impacted for the quarter ended June 30, 2020, by additional provision for loan losses associated with the sustained pressure on the general economy caused by the COVID-19 pandemic and acquisition-related expenses.

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Business First Bancshares, Inc. Announces the Appointment of a New Board Member

Baton Rouge, La. – b1BANK President and CEO Jude Melville announced today the addition of Keith Tillage to the board of directors of b1BANK and its parent company Business First Bancshares, Inc (NASDAQ: BFST). Tillage joins the board with over 20 years of experience in the commercial construction and construction management industries. As CEO of Tillage Construction, L.L.C., he has grown the company’s initial services to include construction and grant management across multiple states. In 2012, the company’s success resulted in Tillage’s appointment as one of 12 small business CEOs that consulted with President Obama on the Fiscal Cliff. Tillage Construction is one of the nation’s fastest growing, 100% minority owned construction companies, and has won several national awards and accolades including: Star Performer Award for their Dallas Love Field Modernization Project, Black Enterprise Small Business of the Year Finalist, Inc. 5000List designation, SBA Administrators Award for Excellence, and HUBZONE Small Business of the Year.

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Business First Bancshares, Inc. Completes Acquisition of Pedestal Bancshares, Inc.

Baton Rouge, LA – Business First Bancshares, Inc. (Business First) (NASDAQ: BFST), the holding company for b1BANK, has completed its acquisition of Pedestal Bancshares, Inc. (Pedestal) and its wholly owned bank subsidiary, Pedestal Bank. The acquisition became effective May 1, 2020, in accordance with the terms of the previously announced agreement.

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BUSINESS FIRST BANCSHARES, INC., ANNOUNCES FINANCIAL RESULTS FOR Q1 2020

Baton Rouge, La. (April 28, 2020) – Business First Bancshares, Inc. (NASDAQ: BFST) (Business First), parent company of b1BANK, Baton Rouge, Louisiana, today announced its unaudited results for the quarter ended March 31, 2020, including net income of $4.5 million, or $0.34 per diluted share, decreases of $1.2 million and $0.07, respectively, from the quarter ended March 31, 2019. On a non-GAAP basis, core net income for the quarter ended March 31, 2020, which excludes noncore income and expenses, was $5.0 million, or $0.37 per diluted share, decreases of $655,000 and $0.04, respectively, from the quarter ended March 31, 2019. Both net income and diluted earnings per share were adversely impacted for the quarter ended March 31, 2020, by additional provision for loan losses related to the expected impact of the COVID-19 pandemic.

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Business First Bancshares, Inc. and Pedestal Bancshares, Inc. Shareholders Approve Pending Merger

Baton Rouge, La. – Business First Bancshares, Inc. (Business First) (NASDAQ: BFST), the holding company for b1BANK, and Pedestal Bancshares Inc. (Pedestal) have jointly announced that as of April 21, 2020, shareholders of both holding companies have approved the previously announced merger.

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BUSINESS FIRST BANCSHARES, INC. ANNOUNCES CHANGE OF LOCATION OF THE SPECIAL MEETING OF SHAREHOLDERS TO BE HELD ON APRIL 14, 2020

Baton Rouge, LA (March 31, 2020) – Business First Bancshares, Inc. (NASDAQ: BFST) (Business First), parent company of b1BANK, Baton Rouge, Louisiana, announced today that due to the emerging public health impact of the coronavirus (COVID-19) pandemic, the location of Business First’s special meeting of shareholders to be held on Tuesday, April 14, 2020 at 8:00 a.m. Central Time (the “Special Meeting”) has been changed and will be held in a virtual meeting format only. The purpose of the Special Meeting is to consider and vote on certain proposals relating to the previously announced Agreement and Plan of Reorganization, dated as of January 22, 2020, by and between Business First and Pedestal Bancshares, Inc. (“Pedestal”), pursuant to which Pedestal will be merged with and into Business First (the “Merger”), with Business First surviving the Merger.

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BUSINESS FIRST BANCSHARES, INC., ANNOUNCES FINANCIAL RESULTS FOR FISCAL YEAR 2019 AND Q4 2019

Baton Rouge, LA (January 22, 2020) – Business First Bancshares, Inc. (NASDAQ: BFST) (Business First), parent company of b1BANK, Baton Rouge, Louisiana, today announced its unaudited results for the year ended December 31, 2019, including net income of $23.8 million, or $1.74 per diluted share, increases of $9.7 million and $0.52, respectively, from the prior year. Core net income for the year ended December 31, 2019, which excludes noncore income and expenses, was $24.6 million, or $1.80 per diluted share, which reflects increases of $7.8 million and $0.35, respectively, from the prior year.

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Business First Bancshares, Inc. and Pedestal Bancshares, Inc. Announce Merger

Baton Rouge, LA – Business First Bancshares, Inc. (“Business First”) (NASDAQ: BFST), the holding company for b1BANK, and Pedestal Bancshares, Inc. (“Pedestal”) today jointly announced the signing of a definitive agreement under which Business First will acquire Pedestal and its wholly owned bank subsidiary, Pedestal Bank. On a pro forma basis as of December 31, 2019, the combined institution would have been the 3rd largest Louisiana-headquartered bank, with total assets of approximately $3.5 billion.

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BUSINESS FIRST BANCSHARES, INC., ANNOUNCES NAME CHANGE OF BUSINESS FIRST BANK to b1BANK

Baton Rouge, LA – Business First Bancshares, Inc. (NASDAQ: BFST), announced their banking subsidiary Business First Bank has changed its name to b1BANK. The name change was approved by the Board of Directors earlier this year and went into effect December 1, 2019. The name change reflects both the bank’s diversified growth to $2.2 billion in assets and its commitment to the future of the various communities they serve.

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BUSINESS FIRST BANCSHARES, INC., ANNOUNCES FINANCIAL RESULTS FOR Q3 2019

Baton Rouge, LA (October 23, 2019) – Business First Bancshares, Inc. (NASDAQ: BFST) (Business First), parent company of b1BANK, Baton Rouge, Louisiana, today announced its unaudited results for the quarter ended September 30, 2019, including quarterly net income of $5.5 million, or $0.40 per diluted share, increases of $1.6 million and $0.07, respectively, from the quarter ended September 30, 2018. Core net income, which excludes noncore income and expenses, was $6.3 million, or $0.46 per diluted share, which reflects increases of $1.8 million and $0.09, respectively, from the quarter ended September 30, 2018.

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BUSINESS FIRST BANCSHARES, INC., ANNOUNCES FINANCIAL RESULTS FOR Q2 2019

Baton Rouge, LA (July 24, 2019) – Business First Bancshares, Inc. (NASDAQ: BFST) (Business First), parent company of b1BANK, Baton Rouge, Louisiana, today announced its unaudited results for the quarter ended June 30, 2019, including record quarterly net income of $6.8 million, or $0.50 per diluted share, increases of $3.2 million and $0.17, respectively, from the quarter ended June 30, 2018. Core net income, which excludes noncore income and expenses, was $6.6 million, or $0.48 per diluted share, which reflects increases of $2.5 million and $0.11, respectively, from the quarter ended June 30, 2018.

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b1BANK Names Mimi Singer Lee Chief Human Resources Officer and Announces Heather Roemer Promotion

Baton Rouge, LA – Jude Melville, president and CEO of b1BANK, announced Mimi Singer Lee as Chief Human Resources Officer of the company. Lee has over 20 years’ experience in human resource management, most recently serving as interim Chief Human Resources Officer for Louisiana State University. Heather Roemer has been with b1BANK for 10 years leading human resources and training. Roemer also serves as Corporate Secretary for the bank and holding company. Roemer will continue to lead corporate governance and will oversee the launch of a new division that will be announced next year.

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BUSINESS FIRST BANCSHARES, INC., ANNOUNCES FINANCIAL RESULTS FOR Q1 2019

Baton Rouge, LA (April 23, 2019) – Business First Bancshares, Inc. (NASDAQ: BFST) (Business First), parent company of b1BANK, Baton Rouge, Louisiana, today announced its unaudited results for the quarter ended March 31, 2019, including record quarterly net income of $5.7 million, or $0.41 per diluted share, increases of $2.6 million and $0.12, respectively, from the quarter ended March 31, 2018. Core net income, which excludes noncore income and expenses, was $5.6 million, or $0.41 per diluted share, which reflects increases of $2.1 million and $0.07, respectively, from the quarter ended March 31, 2018.

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BUSINESS FIRST BANCSHARES, INC., ANNOUNCES FINANCIAL RESULTS FOR FY 2018 AND Q4 2018

Baton Rouge, LA (January 29, 2019) – Business First Bancshares, Inc. (NASDAQ: BFST) (Business First), parent company of b1BANK, Baton Rouge, Louisiana, today announced its unaudited 2018 full-year net income of $14.1 million, or $1.22 per diluted share, increases of $9.2 million and $0.61, respectively, from the prior year. Core net income, which excludes noncore income and expenses, was $16.8 million, or $1.45 per diluted share, which reflects increases of $13.6 million and $1.06, respectively, from the prior year.

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Business First Bancshares, Inc., Announces Financial Results for Q3 2018

Baton Rouge, LA – Business First Bancshares, Inc. (NASDAQ: BFST) (Business First), parent company of b1BANK, Baton Rouge, Louisiana, today announced its unaudited results for the quarter ended September 30, 2018, including record quarterly net income of $3.9 million, or $0.33 per diluted share, which reflected increases of $2.2 million and $0.10, respectively, [...]

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Business First Bancshares, Inc., Announces Financial Results for Q2 2018

Baton Rouge, LA - Business First Bancshares, Inc. (NASDAQ: BFST) (Business First), parent company of b1BANK, Baton Rouge, Louisiana, today announced its unaudited results for the quarter ended June 30, 2018, including record quarterly net income of $3.6 million, or $0.33 per diluted share, which reflected increases of $1.5 million and $0.05, respectively, [...]

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Business First Bancshares, Inc. Commences Public Offering of Common Stock

Baton Rouge, LA – Business First Bancshares, Inc. (the “Company”) (NASDAQ: BFST) announced today that it has commenced an underwritten public offering of approximately 900,000 shares of its common stock. The Company intends to grant the underwriters an option, exercisable in whole or in part for 30 days, to purchase up to 135,000 additional shares [...]

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Business First Bancshares, Inc. and Richland State Bancorp, Inc. Announce Merger

Baton Rouge, LA – Business First Bancshares, Inc. (“Business First”) (NASDAQ: BFST), the holding company for b1BANK, and Richland State Bancorp, Inc. (“Richland State”) today jointly announced the signing of a definitive agreement under which Business First will acquire Richland State and its wholly owned bank subsidiary, Richland State Bank. On a pro [...]

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BUSINESS FIRST BANCSHARES, INC. ANNOUNCES FINANCIAL RESULTS FOR Q1 2018

Baton Rouge, LA – Business First Bancshares, Inc. (NASDAQ: BFST), parent company of b1BANK, Baton Rouge, Louisiana, today announced its unaudited results for the quarter ended March 31, 2018, including record quarterly net income of $3.1 million, or $0.29 per diluted share, which reflected increases of $1.1 million and $0.02, respectively, from the quarter [...]

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Business First Bancshares, Inc. Commences Trading on NASDAQ Under Symbol “BFST”

Baton Rouge, LA – Business First Bancshares, Inc. (NASDAQ: BFST), the holding company of b1BANK, Baton Rouge, Louisiana, announced today that it has received all necessary approvals from NASDAQ Stock Market, LLC, and that shares of the company’s common stock will begin trading on the NASDAQ Global Select Market under the ticker symbol [...]

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Business First Bancshares, Inc. Completes Acquisition of Minden Bancorp, Inc.

Business First Bancshares, Inc. (Business First), Baton Rouge, Louisiana, has completed its acquisition of Minden Bancorp, Inc. (MBI) and its wholly owned subsidiary MBL Bank, Minden, Louisiana. The acquisition became effective January 1, 2018, upon the mergers of MBI and MBL Bank with and into Business First and b1BANK, respectively, with Business First and b1BANK surviving the mergers in accordance with the terms of the previously announced agreement.

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Business First Bancshares, Inc. and Minden Bancorp, Inc. Announce Merger

BATON ROUGE, LOUISIANA, October 6, 2017 – Business First Bancshares, Inc., the holding company for b1BANK (“Business First”), and Minden Bancorp, Inc. (“Minden Bancorp”) today jointly announced the signing of a definitive agreement under which Business First will acquire Minden Bancorp and its wholly owned bank subsidiary, MBL Bank. Following the completion of [...]

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b1BANK’s Vicky Meyer Selected for Banking On the Leaders of Tomorrow

BATON ROUGE, LOUISIANA – Jude Melville, President and Chief Executive Officer of b1BANK, today announced the selection of Vicky Meyer, Assistant Vice President, to participate in BOLT (Banking On the Leaders of Tomorrow). BOLT is a professional development program hosted by the Federal Reserve Bank. Participants were nominated by the Louisiana Bankers Association. [...]

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b1BANK expands into Texas opening a loan production office in Dallas

BATON ROUGE, LOUISIANA – Jude Melville, President and Chief Executive Officer of b1BANK, today announced the bank’s formal expansion into Texas and opening of a loan production office in the Dallas-Fort Worth metropolitan area.   “Business First’s particular model of banking — serving small and lower middle market businesses and their executives — [...]

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