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← CockpitCompetitor Analysis › BFST Business First Bancshares, Inc.Open in the cockpit ↗

Business First Bancshares, Inc.BFSTCompetitor analysis, valuation and peers

United States · USD·Financials›Regional Banks

Baton Rouge, Louisiana-based bank (b1BANK) offering commercial and retail banking across Louisiana and Texas.

Momentum strong 73
Mkt cap
$1.04B
US dollars, full cap
Free float
94%
of shares outstanding
$/day
$5.59M
20-day average traded
P/B
1.02×
price to book
ROE
10.1%
delivered
Implied ROE
8.6%
what the price asks
Next earnings
81 days
26 Jan 2027
Close · USD$32.20
1D-0.2%
1W+1.3%
1M+4.8%
3M+2.1%
6M+16.3%
YTD+23.2%
1Y+28.9%
ATR %2.6%
Beta0.40
52w lowhigh4.4% off high

What Business First Bancshares does

Baton Rouge, Louisiana-based bank (b1BANK) offering commercial and retail banking across Louisiana and Texas.

Earns the spread between interest on loans, mainly commercial, and the cost of deposits, with smaller fees from mortgages and services. Acquisitions of other banks in Louisiana and Texas have been a main route to growth, so integration and loan quality matter.

Products and services

  • Commercial banking
  • Retail banking

Customers

  • Louisiana/Texas small and mid-size businesses

Where it sits in the supply chain

  • Financial services
  • Regional banks
  • Louisiana/Texas community banking

What could go right

  • Louisiana/Texas commercial loan growth

What could go wrong

  • Energy-linked regional credit exposure
  • Net interest margin compression

Moat: narrow (scale, distribution). Growing multi-market Louisiana/Texas franchise built through organic growth and acquisitions.

Headquarters: Baton Rouge, Louisiana, US · Founded: 2006 · Employees: 842

Named competitors

Business First Bancshares at a glance

Size Business First Bancshares (BFST) is a United States Financials company (Regional Banks) with a market value of $1.04B, the 2223rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $32.20 on 6 Nov 2026.

Performance Over six months the shares gained 16.3%, against +7.6% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 20 in its peer set.

Growth Revenue grew 7.2% over the last twelve months (peer median +9.9%); the operating margin is 34.3% (peer median 36.5%).

Valuation It trades at 1.02× book value against a peer median of 1.21× (8th cheapest of 21).

Price implies The share price implies a return on equity of about 8.6%; Business First Bancshares delivers 10.1%, so the price asks less than the business earns today.

Short interest Short interest is 3.6% of the free float (15 Oct 2026).

Next results Next results expected around 26 Jan 2027 (exchange calendar; dates can move).

Relative performance

10011012011 May 202611 Aug 20266 Nov 2026BFST 118Peer median 110
Six months, rebased to 100: Business First Bancshares against the median of its 20 peers (local-currency closes).

Business First Bancshares financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$546M$512M$458M$386M$265M
Revenue growth—+12%+19%+46%—
Net income$94.7M$87.9M$65.1M$71.0M$54.3M
Free cash flow$116M$92.0M$59.8M$80.8M$61.8M
Capital expenditure$4.36M$66,000$4.56M$13.9M$25.8M
Total debt$508M$578M$483M$656M$578M

Quarterly statements and history in the cockpit →

Business First Bancshares competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+20%+40%-20%0%+20%MCBSEGBNMBWM6190CCNESBSIEQBK7322NBNCPFAKTIA71848600HFWA8393BFST6-month return →1-month return →
Up and to the right = strong over both horizons. Business First Bancshares is the large dot.

Fundamentals: return on equity against price-to-book

5%10%15%10×1.50×MCBSFRBTEGBNMBWM6190CCNESBSIHBNCEQBK7322NBNFSBCUVSPCPFAKTIA71848600HFWA8393BFSTReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Business First Bancshares is the large dot.

Capital: ROE delivered against the ROE the price implies

5%10%15%20%10%20%MCBSEGBNMBWM6190CCNESBSIHBNC7322NBNUVSPCPFHAFCAKTIA71848600HFWABFSTROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Business First Bancshares is the large dot.

Business First Bancshares competitors and peer comparison

Head to head with its named competitors (BFST vs OBK vs HOMB vs FHN)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Business First Bancshares BFST$1.04B+16%+7%10%1.02×8.6%
Origin Bancorp OBK$1.64B+14%+5%10%1.29×10.1%
Home BancShares HOMB$5.97B+12%+2%11%1.31×10.2%
First Horizon FHN$10.9B-6%-8%8%1.34×9.7%

How Business First Bancshares compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Business First Bancshares against its 20 peers (data as of 6 Nov 2026)
MeasureBFSTPeer medianRank in peer set
1-month return+4.8%+3.1%7th highest of 21
6-month return+16.3%+7.6%3rd highest of 20
Return on equity10.1%11.4%9th lowest of 21
Price / book1.02×1.21×8th cheapest of 21
Trailing P/E11.5×11.7×10th cheapest of 21
ROE the price implies8.6%9.1%9th least demanding of 21
ROE delivered10.1%11.4%9th lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Business First Bancshares BFSTUnited States$1.04B+16%+7%10%1.02×8.6%10.1%
MetroCity Bankshares MCBSUnited States$1.04B+10%+25%17%1.78×12.2%16.9%
Forbright FRBTUnited States$1.04Bn/a+11%11%1.01×6.4%n/a
Eagle Bancorp EGBNUnited States$1.03B+28%-11%5%0.89×9.0%4.7%
Mercantile Bank MBWMUnited States$1.05B+16%+5%14%1.41×11.5%13.6%
Bank of Jiujiang 6190.HKHong Kong$1.06B+55%-2%1%0.20×3.5%1.5%
CNB Financial CCNEUnited States$1.06B+15%+26%13%1.24×9.0%13.2%
Southside Bancshares SBSIUnited States$1.01B+2%+9%12%1.54×10.1%11.8%
Horizon Bancorp HBNCUnited States$1.07B+13%+424%16%1.52×12.0%15.7%
Equity Bancshares EQBKUnited States$1.00B+7%+53%12%1.23×10.4%12.1%
San ju San Financial 7322.TJapan$1.08B+1%+23%5%0.72×6.9%5.4%
Northeast Bank NBNUnited States$1.08B+1%+9%20%1.72×11.8%20.0%
Five Star Bancorp FSBCUnited States$1.08B+6%+18%15%1.75×10.4%14.8%
Univest Financial UVSPUnited States$1.10B+4%+2%10%1.16×9.1%10.0%
Central Pacific Financial CPFUnited States$974M+10%+4%15%1.68×13.2%14.9%
Hanmi Financial HAFCUnited States$964M+8%+3%11%1.19×9.4%11.4%
Aktia Bank AKTIA.HEFinland$963M+3%+1%2%1.32×7.6%1.8%
First Bank of Toyama 7184.TJapan$1.12B+10%+14%10%0.90×7.9%10.2%
TOMONY 8600.TJapan$1.13B+6%+12%6%0.60×4.5%5.9%
Heritage Financial HFWAUnited States$1.15B+3%+22%8%1.06×7.8%7.8%
Miyazaki Bank 8393.TJapan$1.16B+8%+8%7%0.77×6.2%7.0%

Questions

Who are Business First Bancshares's main competitors?
Named competitors: Origin Bancorp (OBK), Home Bancshares (HOMB), First Horizon (FHN). The cockpit's measured peer set (industry) also includes MetroCity Bankshares (MCBS), Forbright (FRBT), Eagle Bancorp (EGBN), Mercantile Bank (MBWM), Bank of Jiujiang (6190.HK), CNB Financial (CCNE).
Is Business First Bancshares expensive compared with its peers?
On price / book it trades at 1.02× against a peer median of 1.21×, 8th cheapest of 21 in its peer set. The share price implies a return on equity of about 8.6%; Business First Bancshares delivers 10.1%, so the price asks less than the business earns today.
How has Business First Bancshares stock performed?
Over six months to 6 Nov 2026 the shares returned +16.3% against +7.6% for the median peer; over one year +28.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.