Business First Bancshares (BFST) Financial Statements & Analysis

Business First Bancshares (BFST) Income Statement

Business First Bancshares reported revenue of $319.81M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 18.3% from $270.37M a year earlier. Net income was $87.86M, up 34.9% year over year, a net margin of 27.5%. Gross margin was 97.5% and operating margin 35.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $89.28M, down 29.2% from the same quarter a year earlier.

Business First Bancshares Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Business First Bancshares, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	319.81	270.37	247.42	227.54	181.62	168.78	112.62	83.97	57.22
Cost of Revenue	200.07	198.25	142.68	47.42	24.60	33.54	25.88	16.36	11.47
Gross Profit	311.86	259.50	242.94	216.65	178.51	135.24	86.75	67.62	45.75
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	123.66	111.91	98.35	91.80	15.75	65.69	39.63	31.35	24.90
Operating Expenses	198.45	176.44	152.35	148.06	113.95	98.46	56.90	50.25	36.80
Operating Income	113.41	83.09	90.59	68.59	64.56	36.78	29.85	17.37	8.95
Other Income/Expense
Interest Income	465.01	414.76	353.33	236.11	170.44	149.76	103.47	76.20	51.60
Interest Expense	191.85	187.38	138.20	36.54	16.55	22.11	23.27	13.97	7.23
Other Income/Expense	-3.10	-0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	110.31	83.05	90.59	68.59	64.56	36.78	29.85	17.37	8.95
Income Tax Expense	22.45	17.94	19.54	14.34	12.42	6.79	6.08	3.28	4.10
Net Income	87.86	65.11	71.04	54.26	52.14	29.99	23.77	14.09	4.85
Net Income - Continuous Operations	87.86	65.11	71.04	54.26	52.14	29.99	23.77	14.09	4.85
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	5.68	88.31	95.26	4.82	4.16	39.95	31.44	18.54	10.13
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	5.68	5.26	4.67	4.82	4.16	3.16	1.59	1.17	1.18
Earnings Per Share
Basic EPS	3.00	2.00	3.00	2.00	3.00	2.00	2.00	1.00	1.00
Diluted EPS	3.00	2.00	3.00	2.00	3.00	2.00	2.00	1.00	1.00
Basic Shares Outstanding	29.40	26.25	25.08	22.63	20.50	18.17	13.31	11.13	11.53
Diluted Shares Outstanding	29.55	26.45	25.30	22.82	20.63	18.24	13.67	11.55	11.53

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Business First Bancshares Financial Statements

What was Business First Bancshares's revenue in fiscal 2025?

Business First Bancshares reported revenue of $319.81M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 18.3% from $270.37M a year earlier.

Is Business First Bancshares profitable?

Yes. Business First Bancshares earned net income of $87.86M in fiscal 2025, a net margin of 27.5%. In fiscal 2024 it earned $65.11M.

What is Business First Bancshares's operating margin?

Business First Bancshares's operating income was $113.41M on revenue of $319.81M in fiscal 2025, an operating margin of 35.5%, compared with 30.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition