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

BFST Nasdaq State Commercial Banks LA CIK: 0001624322
Updated This Month • Analysis: Mar 20, 2026 • SEC Data: 2025-12-31
📅 Next earnings: Apr 27, 2026 (in 11 days) • Pre-market ET • EPS est. $0.69 (vs $0.65 prior year) • All earnings →
Combined AI Rating
HOLD
54% Confidence
STRONG AGREEMENT
HOLD
35% Conf
HOLD
72% Conf

📊 BFST Key Takeaways

Revenue: $10.7M
Net Margin: 820.8%
Free Cash Flow: $92.0M
Current Ratio: N/A
Debt/Equity: 0.00x
EPS: $2.79
AI Rating: HOLD with 35% confidence
Business First Bancshares, Inc. (BFST) receives a HOLD rating with 54% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $10.7M, net profit margin of 820.8%, and return on equity (ROE) of 9.8%, 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 demonstrates strong profitability with exceptional net margins (820.8%) and solid net income growth (+6.5% YoY), supported by robust operating cash flow of $92.1M. However, the 97.7% revenue collapse raises critical data quality concerns that significantly undermine confidence in the financial analysis, potentially indicating accounting irregularities, data reporting errors, or fundamental operational disruption.

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.

Why Buy Business First Bancshares, Inc. Stock? BFST Key Strengths

Claude
  • + Strong net income growth of 6.5% YoY despite revenue collapse suggests operational efficiency improvements
  • + Excellent free cash flow generation of $92.1M with 859.7% FCF margin indicates cash conversion capability
  • + Conservative leverage with near-zero debt/equity ratio (0.00x) and manageable long-term debt of $2.4M provides financial flexibility
  • + Substantial liquidity position with $411.2M in cash equivalents representing 45.9% of stockholders equity
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
  • ! Revenue declined 97.7% YoY, an extreme metric inconsistent with sustainable banking operations and suggestive of data quality issues or business model breakdown
  • ! Operating margin of 1030.5% and net margin of 820.8% are mathematically implausible and indicate unreliable financial reporting or definitional errors in data provided
  • ! Low interest coverage ratio of 2.5x relative to bank sector norms suggests limited cushion for rate environment changes or economic stress
  • ! ROA of only 1.1% and ROE of 9.8% are below typical bank performance benchmarks, indicating suboptimal asset and equity utilization
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
  • * Revenue trend reconciliation and data integrity verification - the 97.7% YoY decline must be investigated for reporting accuracy
  • * Net Interest Margin (NIM) and loan portfolio quality metrics to assess core banking profitability
  • * Asset quality indicators including non-performing loan ratios and loan loss provisions relative to total loans
  • * Deposit growth and funding stability given the extreme revenue volatility signals operational uncertainty
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
$10.7M
Net Income
$87.9M
EPS (Diluted)
$2.79
Free Cash Flow
$92.0M
Total Assets
$8.2B
Cash Position
$411.2M

💡 AI Analyst Insight

The 859.7% 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 1,030.5%
Net Margin 820.8%
ROE 9.8%
ROA 1.1%
FCF Margin 859.7%

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

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

Net Margin
BFST 820.8%
vs
Sector Avg 25.0%
BFST Sector
ROE
BFST 9.8%
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. appears fundamentally strong relative to the Finance sector in 2026.

Return on Equity
9.8%
Sector avg: 12%
Net Profit Margin
820.8%
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
89.1%
Interest Coverage
2.48x
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
859.7%
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
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
Q2 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
$92.1M
Cash generated from operations
Stock Buybacks
$3.7M
Shares repurchased (TTM)
Capital Expenditures
$66.0K
Investment in assets
Dividends Paid
$16.8M
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
Apr 8, 2026 DEF 14A bfbi20260325_def14a.htm View →
Apr 2, 2026 8-K bfbi20260402_8k.htm View →
Apr 2, 2026 4 xslF345X06/rdgdoc.xml View →
Apr 2, 2026 4 xslF345X06/rdgdoc.xml View →
Apr 2, 2026 4 xslF345X06/rdgdoc.xml View →

Frequently Asked Questions about BFST

What is the AI rating for BFST?

Business First Bancshares, Inc. (BFST) has a Combined AI Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) with 54% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are BFST's key strengths?

Claude: Strong net income growth of 6.5% YoY despite revenue collapse suggests operational efficiency improvements. Excellent free cash flow generation of $92.1M with 859.7% FCF margin indicates cash conversion capability. 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: Revenue declined 97.7% YoY, an extreme metric inconsistent with sustainable banking operations and suggestive of data quality issues or business model breakdown. Operating margin of 1030.5% and net margin of 820.8% are mathematically implausible and indicate unreliable financial reporting or definitional errors in data provided. 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 $10.7M.

Does BFST pay dividends?

Business First Bancshares, Inc. pays dividends, with $16.8M 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 $2.79.

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 rating reflects both perspectives for balanced insights.

Is BFST a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Business First Bancshares, Inc. has a HOLD rating with 54% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is BFST stock overvalued or undervalued?

Valuation metrics for BFST: ROE of 9.8% (sector avg: 12%), net margin of 820.8% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.

Should I buy BFST stock in 2026?

Our dual AI analysis gives Business First Bancshares, Inc. a combined HOLD rating 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 $92.1M, with capital expenditures of $66.0K. FCF margin is 859.7%.

How does BFST compare to other Finance stocks?

Vs Finance sector averages: Net margin 820.8% (avg: 25%), ROE 9.8% (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: Mar 20, 2026 | Data as of: 2025-12-31 | Powered by Claude AI