Filing Flows › Financials › Business First Bancshares (BFST)
Business First Bancshares (BFST) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · Business First Bancshares (BFST) Q3 2026 earnings results →
Q3 2026 Revenue up 15% year over year to $93.2M · 26¢ of every $1 of revenue kept as net profit · operating margin 33.0%
Business First Bancshares made $93.2M in Q3 2026 (+15% Y/Y): Net interest income $80.7M, Noninterest income $12.5M. Operating margin 33.0%, net earnings $24.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $93.2M in Q3 2026, up 15% year over year and up 1% from the previous quarter. Net interest income was the largest line at 87% of revenue. Net interest income added $11.4M year over year (up 16%), 93% of the total change.
Operating profit was $30.8M, a 33.0% margin (down 2.7 points year over year). Of the extra revenue versus Q3 2025, 15% reached operating profit, below the 36% margin then. Total costs grew 20% against revenue growth of 15%. The fastest-growing cost line was Noninterest expense (+24%). Net earnings were $24.6M, up 7% year over year. The effective tax rate was 20.2%.
Operating cash flow was $43.7M (up 35% year over year), 178% of net earnings. Non-cash charges added back $1.7M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $16.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 3, 2026 | $93.2M | +15% | 33.0% | $24.6M | $43.7M |
| Q2 2026 | 10-Q | Jul 31, 2026 | $91.8M | +13% | 33.0% | $24.2M | $27.1M |
| Q1 2026 | 10-Q | May 1, 2026 | $89.2M | +13% | 33.1% | $23.6M | $26.7M |
| Q4 2025 | 10-K | Feb 26, 2026 | $83.1M | +7% | 33.2% | $22.4M | $17.1M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $80.9M | +21% | 35.7% | $22.9M | $32.4M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $81.5M | +23% | 34.4% | $22.1M | $14.0M |
| Q1 2025 | 10-Q | May 2, 2025 | $79.2M | +30% | 32.6% | $20.5M | $28.6M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Business First Bancshares
Business First Bancshares, Inc. is a financial holding company headquartered in Baton Rouge, Louisiana, and the parent company of b1BANK, formerly known as Business First Bank, a Louisiana state banking association and community-based financial institution that offers a full array of banking products and services. We currently operate throughout the state of Louisiana, in the Dallas/Fort Worth metroplex and Houston, from a network of banking centers and loan production offices. Since our founding in 2006, our mission has not changed – we seek to be the financial institution of choice for our markets’ small-to-midsized businesses and their owners and employees.
In its own words, from its 10-K, filed Feb 26, 2026.
Business First Bancshares against its State Commercial Banks peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +15% against the peers' median +12%. Operating margin: 33.0% against the peers' median 34.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BFST Business First Bancshares | Q3 2026 | $93.2M | +15% | 33.0% |
| BNY Bank of New York Mellon | Q3 2026 | $5.7B | +12% | 38.5% |
| STT State Street | Q3 2026 | $4.0B | +13% | 34.7% |
| FITB Fifth Third Bancorp | Q3 2026 | $3.3B | +42% | 33.8% |
| MTB M&T Bank | Q3 2026 | $2.5B | +0.9% | 39.7% |
| FCNCA First Citizens Bancshares | Q3 2026 | $2.4B | 0% | 33.1% |
| ALLY Ally Financial | Q3 2026 | $2.3B | +8% | 24.3% |
| CFG Citizens Financial Group | Q3 2026 | $2.3B | +10% | 34.6% |
| NTRS Northern Trust | Q3 2026 | $2.3B | +13% | 34.7% |
Source: Business First Bancshares 10-Q on SEC EDGAR · CIK 1624322 · State Commercial Banks
Guidance and outlook
13F: who owns BFST and who is buying
More on BFST
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results