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Business First Bancshares, Inc. (BFST) Fundamental Analysis & AI Grade 2026

BFST Nasdaq State Commercial Banks LA CIK: 0001624322
Update Pending • Analysis: May 6, 2026 • SEC Data: 2026-03-31
Combined AI Grade
B
62% Confidence
STRONG AGREEMENT
B
52% Conf
B
72% Conf

📊 BFST Key Takeaways

Revenue: $3.1M
Net Margin: 750.0%
Free Cash Flow: $26.6M
Current Ratio: N/A
Debt/Equity: 0.00x
EPS: $0.68
AI Grade: B with 52% confidence
Business First Bancshares, Inc. (BFST) receives a B fundamental grade with 62% confidence from our AI analysis based on SEC 10-K filings. With revenue of $3.1M, net profit margin of 750.0%, and return on equity (ROE) of 2.4%, Business First Bancshares, Inc. demonstrates mixed fundamentals in the Finance sector. Below is our complete BFST stock analysis for 2026.

Is Business First Bancshares, Inc. (BFST) a Good Investment?

Claude

Business First Bancshares exhibits a paradoxical financial profile with a fortress balance sheet (minimal debt, strong liquidity) but weak operational profitability metrics (ROE 2.4%, ROA 0.3%, interest coverage 0.7x) that raise concerns about underlying asset quality and earnings sustainability. Significant data anomalies and the concerning sub-1.0x interest coverage ratio warrant caution despite positive net income growth.

ChatGPT

Business First Bancshares shows solid core profitability with positive year-over-year net income and EPS growth, a healthy 1.1% ROA, and nearly 10% ROE, which are respectable for a regional bank. Balance sheet leverage appears manageable with very low long-term debt and strong operating cash generation, but the reported revenue collapse and extreme margin figures suggest bank-specific reporting distortions or data classification issues that reduce confidence in the quality of the growth signal.

Business First Bancshares, Inc. Key Strengths (BFST)

Claude
  • + Strong liquidity position with $589.8M cash equivalents and minimal debt burden (0.00x debt-to-equity)
  • + Positive and growing net income ($23.6M, +38.1% YoY) with improving EPS trajectory
  • + Solid asset base of $8.9B providing scale and diversification potential
ChatGPT
  • + Net income and diluted EPS both increased year over year, indicating continued earnings resilience
  • + ROA of 1.1% and ROE of 9.8% point to decent underlying profitability for a bank
  • + Large asset base, positive operating cash flow, and minimal long-term debt support financial stability

BFST Stock Risks: Business First Bancshares, Inc. Investment Risks

Claude
  • ! Critically weak profitability metrics: ROE of 2.4% and ROA of 0.3% indicate poor asset utilization and capital efficiency
  • ! Interest coverage ratio of 0.7x signals inability to service debt obligations from operating income alone
  • ! Severe revenue decline of -97.7% YoY combined with data inconsistencies (operating income exceeding reported revenue) suggests potential reporting irregularities or asset quality concerns
ChatGPT
  • ! Reported revenue fell 97.7% year over year, raising concerns about earnings mix or data normalization
  • ! Operating and net margins above 800% suggest the reported revenue line is not cleanly comparable, reducing analytical clarity
  • ! Interest coverage of 2.5x is only moderate and could become a constraint if funding costs rise or credit quality weakens

Key Metrics to Watch

Claude
  • * Interest coverage ratio trend and interest expense composition
  • * Return on Assets (ROA) and Return on Equity (ROE) improvement trajectory
  • * Net interest margin, credit quality indicators, and non-performing asset ratios
ChatGPT
  • * Net interest margin and net interest income trend
  • * Nonperforming assets and provision for credit losses

Business First Bancshares, Inc. (BFST) Financial Metrics & Key Ratios

Revenue
$3.1M
Net Income
$23.6M
EPS (Diluted)
$0.68
Free Cash Flow
$26.6M
Total Assets
$8.9B
Cash Position
$589.8M

💡 AI Analyst Insight

The 847.4% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.

BFST Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 938.8%
Net Margin 750.0%
ROE 2.4%
ROA 0.3%
FCF Margin 847.4%

BFST vs Finance Sector: How Business First Bancshares, Inc. Compares

How Business First Bancshares, Inc. compares to Finance sector averages

Net Margin
BFST 750.0%
vs
Sector Avg 25.0%
BFST Sector
ROE
BFST 2.4%
vs
Sector Avg 12.0%
BFST Sector
Current Ratio
BFST 0.0x
vs
Sector Avg 1.2x
BFST Sector
Debt/Equity
BFST 0.0x
vs
Sector Avg 2.0x
BFST Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Business First Bancshares, Inc. Stock Overvalued? BFST Valuation Analysis 2026

Based on fundamental analysis, Business First Bancshares, Inc. has mixed fundamental signals relative to the Finance sector in 2026.

Return on Equity
2.4%
Sector avg: 12%
Net Profit Margin
750.0%
Sector avg: 25%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 2x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Business First Bancshares, Inc. Balance Sheet: BFST Debt, Cash & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
0.00x
Debt/Assets
88.9%
Interest Coverage
0.66x
Long-term Debt
$2.4M

BFST Revenue & Earnings Growth: 5-Year Financial Trend

BFST 5-year financial data: Year 2021: Revenue $6.8M, Net Income $23.8M, EPS $1.74. Year 2022: Revenue $8.3M, Net Income $30.0M, EPS $1.64. Year 2023: Revenue $9.7M, Net Income $52.1M, EPS $2.53. Year 2024: Revenue $10.6M, Net Income $54.3M, EPS $2.32. Year 2025: Revenue $10.7M, Net Income $71.0M, EPS $2.59.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Business First Bancshares, Inc.'s revenue has grown significantly by 57% over the 5-year period, indicating strong business expansion. The most recent EPS of $2.59 reflects profitable operations.

BFST Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
847.4%
Free cash flow / Revenue

BFST Quarterly Earnings & Performance

Quarterly financial performance data for Business First Bancshares, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $2.9M $20.5M $0.65
Q3 2025 $2.6M $17.8M $0.65
Q2 2025 $2.5M $17.2M $0.62
Q1 2025 $2.4M $13.6M $0.48
Q3 2024 $2.5M $17.8M $0.65
Q2 2024 $2.4M $17.2M $0.62
Q1 2024 $2.3M $13.6M $0.48
Q3 2023 $2.1M $13.8M $0.61

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Business First Bancshares, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$26.7M
Cash generated from operations
Stock Buybacks
$2.8M
Shares repurchased (TTM)
Capital Expenditures
$66.0K
Investment in assets
Dividends Paid
$4.9M
Returned to shareholders

BFST SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Business First Bancshares, Inc. (CIK: 0001624322)

📋 Recent SEC Filings

Date Form Document Action
Jun 9, 2026 4 xslF345X06/rdgdoc.xml View →
May 28, 2026 4 xslF345X06/rdgdoc.xml View →
May 27, 2026 4 xslF345X06/rdgdoc.xml View →
May 27, 2026 8-K bfbi20260527_8k.htm View →
May 1, 2026 10-Q bfst-20260331.htm View →

Frequently Asked Questions about BFST

What is the AI rating for BFST?

Business First Bancshares, Inc. (BFST) has a Combined AI Grade of B from Claude (B) and ChatGPT (B) with 62% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are BFST's key strengths?

Claude: Strong liquidity position with $589.8M cash equivalents and minimal debt burden (0.00x debt-to-equity). Positive and growing net income ($23.6M, +38.1% YoY) with improving EPS trajectory. ChatGPT: Net income and diluted EPS both increased year over year, indicating continued earnings resilience. ROA of 1.1% and ROE of 9.8% point to decent underlying profitability for a bank.

What are the risks of investing in BFST?

Claude: Critically weak profitability metrics: ROE of 2.4% and ROA of 0.3% indicate poor asset utilization and capital efficiency. Interest coverage ratio of 0.7x signals inability to service debt obligations from operating income alone. ChatGPT: Reported revenue fell 97.7% year over year, raising concerns about earnings mix or data normalization. Operating and net margins above 800% suggest the reported revenue line is not cleanly comparable, reducing analytical clarity.

What is BFST's revenue and growth?

Business First Bancshares, Inc. reported revenue of $3.1M.

Does BFST pay dividends?

Business First Bancshares, Inc. pays dividends, with $4.9M distributed to shareholders in the trailing twelve months.

Where can I find BFST SEC filings?

Official SEC filings for Business First Bancshares, Inc. (CIK: 0001624322) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is BFST's EPS?

Business First Bancshares, Inc. has a diluted EPS of $0.68.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is BFST's fundamental grade?

Based on our AI fundamental analysis in June 2026, Business First Bancshares, Inc. has a B grade with 62% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is BFST stock overvalued or undervalued?

Valuation metrics for BFST: ROE of 2.4% (sector avg: 12%), net margin of 750.0% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.

What is BFST's AI grade for 2026?

Our dual AI analysis gives Business First Bancshares, Inc. a combined B grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is BFST's free cash flow?

Business First Bancshares, Inc.'s operating cash flow is $26.7M, with capital expenditures of $66.0K. FCF margin is 847.4%.

How does BFST compare to other Finance stocks?

Vs Finance sector averages: Net margin 750.0% (avg: 25%), ROE 2.4% (avg: 12%), current ratio N/A (avg: 1.2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 6, 2026 | Data as of: 2026-03-31 | Powered by Claude AI