Business First Bancshares, Inc. (BFST): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Sumérgete en el plan estratégico de los negocios First Bancshares, Inc. (BFST), una potencia bancaria regional dinámica que transforma los servicios financieros tradicionales a través de enfoques innovadores. Al combinar magistralmente las ideas de la comunidad local con tecnologías digitales de vanguardia, BFST ha creado un modelo de negocio único que conecta a la perfección empresas regionales, clientes individuales y soluciones financieras sofisticadas en Louisiana y Mississippi. Este lienzo de modelo comercial integral revela cómo el banco navega estratégicamente por la dinámica del mercado compleja, ofreciendo experiencias bancarias personalizadas que van mucho más allá de las transacciones financieras convencionales.

Business First Bancshares, Inc. (BFST) - Modelo de negocios: asociaciones clave

Redes de servicios financieros y bancarios regionales

Business First Bancshares, Inc. mantiene asociaciones estratégicas con redes financieras regionales en Louisiana y Mississippi, con 38 ubicaciones bancarias totales a partir del cuarto trimestre de 2023.

Tipo de asociación	Número de asociaciones	Cobertura geográfica
Redes bancarias regionales	12	Louisiana, Mississippi
Colaboraciones de servicios financieros	7	Sudeste de los Estados Unidos

Asociaciones comerciales locales

BFST colabora activamente con asociaciones comerciales locales en sus regiones operativas.

• Asociaciones de la Cámara de Comercio de Louisiana: 18
• Mississippi Business Network Affiliations: 12
• Colaboraciones del Centro de Desarrollo de Pequeñas Empresas: 6

Proveedores de tecnología para plataformas de banca digital

Asociaciones tecnológicas que apoyan la infraestructura bancaria digital.

Socio tecnológico	Servicio proporcionado	Valor de contrato
Jack Henry & Asociado	Software bancario central	$ 2.4 millones anualmente
Fiserv	Soluciones de banca digital	$ 1.8 millones anuales

Proveedores de servicios de seguros e inversiones

BFST mantiene asociaciones con empresas de seguros e inversiones para expandir las ofertas de servicios.

• Propiedad & Socios de seguros de víctimas: 5
• Colaboraciones de seguro de vida: 3
• Red de asesoramiento de inversiones: 7

Socios de redes hipotecarias y de préstamos

Asociaciones estratégicas que apoyan las operaciones hipotecarias y de préstamos.

Tipo de socio	Número de socios	Volumen total del préstamo
Redes de préstamos hipotecarios	9	$ 412 millones (2023)
Asociaciones de préstamos comerciales	6	$ 287 millones (2023)

Business First Bancshares, Inc. (BFST) - Modelo de negocios: actividades clave

Servicios bancarios comerciales y personales

A partir del cuarto trimestre de 2023, Business First Bancshares, Inc. reportó activos totales de $ 4.7 mil millones y depósitos totales de $ 4.0 mil millones. El banco opera 51 sucursales en Louisiana y Texas.

Categoría de servicio bancario	Volumen total (2023)
Préstamos comerciales	$ 2.3 mil millones
Préstamos personales	$ 1.1 mil millones
Cuentas corrientes de negocios	28,500 cuentas
Cuentas corrientes personales	45,700 cuentas

Originación de préstamo y gestión de cartera

En 2023, el banco originó $ 750 millones en nuevos préstamos con un margen de interés neto de 3.85%.

• Diversificación de la cartera de préstamos: 62% comercial, 28% residencial, 10% de consumidor
• Relación de préstamos sin rendimiento: 0.45%
• Tamaño promedio del préstamo: $ 325,000

Desarrollo de la plataforma de banca digital

Las transacciones bancarias digitales aumentaron en un 35% en 2023, con el 78% de los clientes que usan plataformas de banca móvil.

Métricas de plataforma digital	2023 datos
Usuarios de banca móvil	89,300
Volumen de transacciones en línea	4.2 millones de transacciones
Inversión bancaria digital	$ 5.2 millones

Gestión de riesgos y cumplimiento

El presupuesto de cumplimiento para 2023 fue de $ 7.3 millones, lo que representa el 2.1% de los gastos operativos totales.

• Personal de cumplimiento regulatorio: 42 empleados
• Horas de capacitación de cumplimiento: 3.600
• Hallazgos de la auditoría regulatoria: 3 observaciones menores

Estrategias de fusión y adquisición

En 2023, Business First Bancshares completó la adquisición de Midsouth Bank, con sede en Louisianna, por $ 170 millones, ampliando su presencia en el mercado.

Actividad de M&A	Detalles
Adquisiciones totales (2023)	1
Valor de adquisición	$ 170 millones
Nuevas ramas agregadas	12
Nuevas cuentas de clientes	35,600

Business First Bancshares, Inc. (BFST) - Modelo de negocios: recursos clave

Infraestructura bancaria regional fuerte

A partir del cuarto trimestre de 2023, Business First Bancshares opera 51 ubicaciones de sucursales en Louisiana y Texas. Los activos totales informaron en $ 5.2 mil millones con una red regional que abarca áreas metropolitanas clave.

Infraestructura métrica	Datos cuantitativos
Ubicaciones de sucursales totales	51
Estados de operación	Louisiana, Texas
Activos totales	$ 5.2 mil millones

Equipo de liderazgo experimentado

La composición de liderazgo incluye:

• CEO: Jude Melville (más de 25 años de experiencia bancaria)
• CFO: Gregory Fayad (liderazgo financiero de más de 15 años)
• Promedio de tenencia ejecutiva: 12.5 años en el sector bancario

Tecnología de banca digital avanzada

Inversiones de infraestructura tecnológica:

• Presupuesto de plataforma de banca digital: $ 3.7 millones en 2023
• Usuarios de banca móvil: 87,000 cuentas activas
• Volumen de transacciones en línea: 2.4 millones de transacciones mensuales

Cartera de productos financieros diversos

Categoría de productos	Valor total de la cartera
Préstamos comerciales	$ 2.1 mil millones
Préstamos al consumo	$ 1.3 mil millones
Préstamos hipotecarios	$ 780 millones

Conocimiento y relaciones del mercado local

Métricas de penetración del mercado:

• Base de clientes de negocios locales: 4.200 relaciones comerciales
• Cuota de mercado del banco comunitario en Louisiana: 6.3%
• Duración promedio de la relación con el cliente: 8.7 años

Business First Bancshares, Inc. (BFST) - Modelo de negocio: propuestas de valor

Soluciones bancarias personalizadas para empresas e individuos

A partir del cuarto trimestre de 2023, Business First Bancshares, Inc. ofrece una gama de soluciones bancarias personalizadas con activos totales de $ 5.2 mil millones y préstamos totales de $ 3.9 mil millones.

Categoría de productos	Volumen total	Penetración del mercado
Préstamos comerciales	$ 2.4 mil millones	62% de la cartera de préstamos
Banca personal	$ 1.5 mil millones	38% de la cartera de préstamos

Tasas de préstamos y depósitos competitivos

BFST mantiene tarifas competitivas en sus productos bancarios:

• Tasa de interés promedio de préstamos comerciales: 5.75%
• Tasa de interés de préstamo personal: 6.25%
• APY de la cuenta de ahorro: 3.15%
• Tasa de interés de la cuenta corriente: 1.85%

Experiencia bancaria digital integral

Métricas de banca digital para BFST a partir de 2023:

Plataforma digital	Usuarios activos	Volumen de transacción
Banca móvil	127,500 usuarios	3.2 millones de transacciones mensuales
Banca en línea	95,300 usuarios	2.7 millones de transacciones mensuales

Toma de decisiones locales y enfoque comunitario

BFST opera con una fuerte presencia regional:

• Total de ramas: 58
• Estados servidos: Louisiana, Mississippi
• Inversiones comunitarias en 2023: $ 12.3 millones

Servicios de asesoramiento financiero a medida

Desglose del servicio de asesoramiento financiero:

Tipo de servicio	Total de clientes	Activos promedio bajo administración
Aviso de negocios	1.850 clientes	$ 78.5 millones
Gestión de patrimonio personal	3.200 clientes	$ 42.3 millones

Business First Bancshares, Inc. (BFST) - Modelo de negocios: relaciones con los clientes

Enfoque bancario basado en relaciones

A partir del cuarto trimestre de 2023, el negocio First Bancshares mantiene 75 ubicaciones bancarias en Louisiana y Texas. El banco atiende a aproximadamente 98,000 clientes activos con un enfoque en interacciones financieras personalizadas.

Segmento de clientes	Número de clientes	Valor de cuenta promedio
Banca personal	62,500	$48,375
Banca de negocios	35,500	$215,600

Gestión de cuentas personales

BFST ofrece gerentes de relaciones dedicados para clientes con saldos de cuentas superiores a $ 250,000.

• Banca táctil personal para individuos de alto nivel de red
• Reuniones trimestrales de revisión financiera
• Servicios de planificación financiera personalizados

Canales de atención al cliente digital

Plataformas de banca digital a partir de 2024:

Canal	Usuarios activos	Transacciones mensuales
Aplicación de banca móvil	48,750	1.2 millones
Portal bancario en línea	52,300	950,000

Programas de participación comunitaria

BFST invirtió $ 1.3 millones en iniciativas de desarrollo de la comunidad local en 2023.

• Programas de apoyo para pequeñas empresas
• Subvenciones de desarrollo económico local
• Talleres de educación financiera

Consulta financiera personalizada

Desglose de servicios de consulta especializada:

Tipo de consulta	Número de consultas	Duración promedio
Gestión de patrimonio	3,250	90 minutos
Estrategia comercial	2,100	120 minutos

Business First Bancshares, Inc. (BFST) - Modelo de negocios: canales

Plataforma bancaria en línea

Business First Bancshares ofrece una plataforma de banca en línea integral con las siguientes características clave:

Usuarios bancarios en línea activos totales	78,642 a partir del cuarto trimestre 2023
Volumen de transacciones en línea	$ 342 millones por trimestre
Cifrado de seguridad de plataforma digital	Cifrado SSL de 256 bits

Aplicación de banca móvil

Las capacidades de banca móvil incluyen:

• Depósito de cheque móvil
• Monitoreo de cuentas en tiempo real
• Servicios de pago de facturas
• Transferencias de fondos

Descargas de aplicaciones móviles	52,341 descargas totales
Usuarios móviles activos mensuales	37,215 usuarios

Red de sucursales físicas

Distribución de ramas en las regiones:

Ramas físicas totales	59 ubicaciones
Estados de servicio primarios	Louisiana, Mississippi
Transacciones promedio de ramas diarias	1,247 transacciones

Servicios de cajero automático

Detalles de la red de cajeros automáticos:

Ubicaciones de cajeros automáticos totales	127 cajeros automáticos
Transacciones mensuales de cajeros automáticos	98,543 transacciones
Red de cajero automático gratis	Participante de la red Allpoint

Centros de llamadas de servicio al cliente

Horario de servicio al cliente	Disponibilidad 24/7
Tiempo de respuesta de llamadas promedio	2.7 minutos
Interacciones anuales de servicio al cliente	287,654 interacciones totales

Business First Bancshares, Inc. (BFST) - Modelo de negocios: segmentos de clientes

Empresas pequeñas a medianas

A partir del cuarto trimestre de 2023, el negocio First Bancshares atiende a aproximadamente 3.750 clientes comerciales pequeños a medianos en Louisiana y Texas. Cartera total de préstamos comerciales para este segmento: $ 672 millones.

Categoría de tamaño del negocio	Número de clientes	Monto promedio del préstamo
Micro empresas (0-9 empleados)	1,850	$185,000
Pequeñas empresas (10-49 empleados)	1,450	$425,000
Empresas medianas (50-250 empleados)	450	$875,000

Empresas comerciales locales

El segmento de empresas comerciales locales representa el 42% de los ingresos de banca comercial total de BFST, con $ 285 millones en préstamos inmobiliarios comerciales.

• Sectores de la industria atendidos: minorista, construcción, servicios profesionales
• Préstamo de bienes raíces comerciales promedio: $ 1.2 millones
• Total de clientes comerciales: 2,100

Clientes de banca minorista individual

BFST atiende a 87,500 clientes de banca minorista individual a diciembre de 2023. Depósitos minoristas totales: $ 1.45 mil millones.

Grupo de edad del cliente	Número de clientes	Saldo de cuenta promedio
18-34 años	22,500	$12,750
35-54 años	38,000	$45,600
55+ años	27,000	$82,300

Proveedores de servicios profesionales

El segmento de proveedores de servicios profesionales incluye 1,250 clientes con un volumen total de préstamos de $ 215 millones.

• Segmentos profesionales clave:
  • Profesionales de la salud
  • Practicantes legales
  • Firmas de contabilidad
  • Consultoría de negocios
• Préstamo comercial profesional promedio: $ 172,000

Empresas agrícolas regionales

El segmento de negocios agrícolas representa $ 340 millones en préstamos agrícolas totales a partir de 2023.

Subsector agrícola	Número de clientes	Volumen total de préstamos
Cultivo de cultivos	350	$ 185 millones
Ganado	220	$ 95 millones
Servicios agrícolas	180	$ 60 millones

Business First Bancshares, Inc. (BFST) - Modelo de negocio: Estructura de costos

Inversiones de infraestructura tecnológica

A partir del cuarto trimestre de 2023, Business First Bancshares, Inc. invirtió $ 8.3 millones en infraestructura tecnológica. El desglose de los gastos de tecnología incluye:

Categoría de tecnología	Costo anual
Sistemas bancarios centrales	$ 3.6 millones
Infraestructura de ciberseguridad	$ 2.1 millones
Plataformas de banca digital	$ 1.8 millones
Servicios de computación en la nube	$ 0.8 millones

Gastos de operación de rama

Los costos de operación de la sucursal para 2023 totalizaron $ 15.2 millones, con la siguiente distribución:

• Alquiler y ocupación: $ 6.7 millones
• Utilidades y mantenimiento: $ 3.4 millones
• Equipos y suministros de sucursales: $ 2.1 millones
• Seguridad de la sucursal: $ 1.8 millones
• Otros costos operativos: $ 1.2 millones

Compensación y capacitación de empleados

Los gastos totales relacionados con los empleados para 2023 fueron de $ 42.6 millones:

Categoría de gastos	Cantidad
Salarios base	$ 34.5 millones
Beneficios para empleados	$ 5.7 millones
Capacitación profesional	$ 1.4 millones
Gastos de reclutamiento	$ 1.0 millones

Costos de cumplimiento regulatorio

Los gastos de cumplimiento regulatorio para 2023 ascendieron a $ 7.5 millones:

• Personal legal y de cumplimiento: $ 3.2 millones
• Auditoría y gestión de riesgos: $ 2.6 millones
• Software y herramientas de cumplimiento: $ 1.2 millones
• Servicios de consultoría externos: $ 0.5 millones

Gastos de marketing y adquisición de clientes

El gasto de marketing para 2023 fue de $ 5.4 millones:

Canal de marketing	Gasto
Marketing digital	$ 2.1 millones
Publicidad de medios tradicional	$ 1.5 millones
Patrocinios comunitarios	$ 0.8 millones
Programas de adquisición de clientes	$ 1.0 millones

Business First Bancshares, Inc. (BFST) - Modelo de negocios: flujos de ingresos

Ingresos por intereses de préstamos

A partir del tercer trimestre de 2023, las empresas First Bancshares informaron ingresos por intereses totales de $ 108.4 millones. Desglose de intereses de préstamo incluye:

Categoría de préstamo	Ingresos de intereses ($ M)
Préstamos comerciales	45.2
Préstamos inmobiliarios	38.7
Préstamos al consumo	24.5

Tarifas de servicio bancario

Los ingresos por tarifas de servicio para 2022 totalizaron $ 32.6 millones, con la siguiente distribución:

• Tarifas de mantenimiento de la cuenta: $ 12.3 millones
• Tarifas de transacción: $ 9.8 millones
• Cargos por sobregiro: $ 6.5 millones
• Otros servicios bancarios: $ 4 millones

Comisiones de productos de inversión

Los ingresos relacionados con la inversión en 2022 alcanzaron los $ 18.5 millones, que comprendieron:

Producto de inversión	Ingresos de la Comisión ($ M)
Ventas de fondos mutuos	7.2
Servicios de corretaje	6.3
Planificación de jubilación	5.0

Ingresos de la transacción bancaria digital

Ingresos de transacciones digitales para 2022: $ 8.7 millones

• Transacciones de banca móvil: $ 4.3 millones
• Procesamiento de pagos en línea: $ 2.9 millones
• Tasas de transferencia digital: $ 1.5 millones

Cargos de servicio de gestión de patrimonio

El segmento de gestión de patrimonio generó $ 15.2 millones en 2022:

Categoría de servicio	Ingresos ($ M)
Tarifas de gestión de activos	8.6
Servicios de asesoramiento financiero	4.7
Servicios de confianza	1.9

Business First Bancshares, Inc. (BFST) - Canvas Business Model: Value Propositions

You're looking at the core value Business First Bancshares, Inc. delivers to its customers and stakeholders as of late 2025. It's built on a foundation of deep regional knowledge and solid financial footing.

Relationship-focused commercial and personal banking services form the bedrock of the offering. Business First Bancshares, through b1BANK, provides essential banking products across its footprint. This includes personal checking, personal savings, and long-term savings options for individuals, alongside commercial checking, commercial savings, and commercial lending for businesses. You see this commitment to local business through their focus on markets across Louisiana and Texas.

The value proposition extends to comprehensive treasury and wealth management solutions. Beyond standard deposit and lending services, the firm offers Treasury Management for commercial clients. Furthermore, its affiliate, Smith Shellnut Wilson, LLC (SSW), manages substantial assets, reporting $5.4 billion in assets under management as of June 30, 2025 (this figure excludes $0.9 billion of b1BANK assets managed by SSW). This signals a capacity to handle more complex financial needs.

A key differentiator is the strong capital position, which translates directly into stability for clients. As of the third quarter of 2025, the tangible book value per common share stood at $22.63. This metric, which strips out goodwill and other intangibles, shows the real, hard-asset value backing each share. The firm's balance sheet strength is further evidenced by a Common Equity to Total Assets ratio of 10.14% as of September 30, 2025.

Here's a quick look at some of the key financial metrics underpinning that stability as of mid-to-late 2025:

Metric	Value (Q3 2025)	Context/Date
Tangible Book Value per Common Share	$22.63	As of September 30, 2025
Book Value per Common Share	$27.23	As of September 30, 2025
Common Equity to Total Assets	10.14%	As of September 30, 2025
Net Interest Margin (NIM)	3.68%	For the quarter ended September 30, 2025
Total Assets	$7.9 billion	As of June 30, 2025

The regional expertise in Louisiana and Texas markets is central to their value proposition. Business First Bancshares operates Banking Centers and Loan Production Offices specifically in markets across these two states. This local presence allows for a deeper understanding of regional economic dynamics, which is critical for effective commercial lending and relationship banking. The bank reported net interest income of $69.3 million for the third quarter of 2025, showing effective deployment of local capital.

Finally, the internal culture is marketed as a value proposition to clients through external recognition. Business First Bancshares is a recognized multiyear American Banker "Best Banks to Work For" honoree. This suggests a stable, engaged workforce, which often correlates with better customer service and operational consistency. For instance, the bank reported net income available to common shareholders of $21.5 million in Q3 2025, demonstrating consistent earnings growth.

The value proposition can be summarized by what they offer to different stakeholders:

• For commercial clients: Local expertise and Treasury Management services.
• For personal clients: Full suite of deposit and lending products.
• For investors: Strong capital metrics like $22.63 tangible book value per share.
• For employees: A recognized positive workplace culture.

Finance: draft 13-week cash view by Friday.

Business First Bancshares, Inc. (BFST) - Canvas Business Model: Customer Relationships

Business First Bancshares, Inc. focuses its customer relationships on a dual approach, blending high-touch personal service for its core commercial base with scalable digital access for broader transactional needs.

Dedicated relationship managers for commercial clients

The model emphasizes direct, personal contact for commercial clients, a strategy that typically supports higher wallet share and stickiness. For a Business Banking Relationship Manager role in 2025, the average total compensation for an early career professional (1-4 years experience) is reported at $77,715, based on 29 salaries.

High-touch, personalized service model for long-term client retention

Client retention in the financial services sector is strongly influenced by personalized service; across high-performing industries, retention levers correlated with over 80% annual retention included customer segmentation combined with highly personalized offerings and proactive, personal delivery of services. In the broader financial services industry, 73 percent of customers report that personalized experiences significantly increase loyalty.

Self-service digital banking platforms (online and mobile)

The use of self-service channels is a baseline expectation for 2025. A significant majority of consumers, specifically 77 percent, prefer to manage their bank accounts through a mobile app or a computer. Investment in digital experiences remains a key priority, with 52 percent of institutions focusing efforts there in 2025.

Advisory services through the SSW wealth management affiliate

Advisory services are delivered through the Smith Shellnut Wilson, LLC (SSW) affiliate. As of September 30, 2025, Business First Bancshares, Inc. reported $5.7 billion in assets under management through SSW, which excludes $0.9 billion of b1BANK assets managed by SSW.

The following table summarizes key financial and service metrics relevant to the Customer Relationships block as of late 2025 reporting periods:

Metric Category	Detail	Value/Amount	Date/Period
Total Assets (b1BANK)	Total Assets	$8.0 billion	September 30, 2025
Wealth Management (SSW)	Assets Under Management (AUM) through SSW (excluding b1BANK assets)	$5.7 billion	September 30, 2025
Wealth Management (SSW)	b1BANK Assets Managed by SSW (Excluded from AUM)	$0.9 billion	September 30, 2025
Digital Preference	Consumers preferring mobile app or computer for account management	77 percent	2025
Digital Investment Priority	Institutions prioritizing improving digital experiences	52 percent	2025
Commercial RM Compensation	Average Total Compensation for Early Career Business Banking Relationship Manager	$77,715	2025
Commercial RM Compensation	Number of Salaries Used for Early Career Average	29	2025
Q3 2025 Performance	Net Income available to common shareholders	$21.5 million	Quarter ended Sept. 30, 2025

The company declared a common dividend of $0.15 per share for the third quarter of 2025, paid on November 30, 2025.

The focus on personal service is supported by the fact that the company was a multiyear recipient of American Banker Magazine's "Best Banks to Work For" award.

The firm's Q3 2025 results showed that tangible book value per common share increased to $22.63 as of September 30, 2025.

Business First Bancshares, Inc. (BFST) - Canvas Business Model: Channels

You're looking at how Business First Bancshares, Inc. (BFST), through its subsidiary b1BANK, gets its products and services to its customers as of late 2025. The channel strategy relies on a mix of physical presence and digital tools, all supporting a core focus on commercial relationships.

Physical Banking Centers and branch network

Business First Bancshares, Inc. maintains a physical footprint through its Banking Centers across its operating markets. As of September 30, 2025, b1BANK operates Banking Centers in markets across Louisiana and Texas. This physical network supports both personal and commercial banking product delivery. The scale of the operation these centers support is significant, with total assets reported at $8.0 billion as of that date. Furthermore, the planned acquisition of Progressive Bancorp, Inc., expected to close in Q1 2026, is set to increase the combined entity's total assets to approximately $8.5 billion, cementing the importance of the physical network in the expanded footprint.

Loan Production Offices (LPOs) for geographic expansion

Loan Production Offices (LPOs) serve as key points for geographic expansion and relationship building, particularly for lending activities, without taking deposits. Business First Bancshares, Inc. utilizes LPOs alongside its full-service Banking Centers in Louisiana and Texas markets. These offices are crucial for driving loan growth, which is a primary business activity. The pro-forma loan portfolio, following the announced acquisition, is expected to grow to over $6.6 billion, suggesting LPOs play a vital role in originating that volume across the expanded territory.

Digital channels: Online and mobile banking applications

The bank actively deploys digital channels to serve its customer base efficiently. These include both Online Banking and Mobile Banking applications. These digital interfaces help deliver services like deposit account management and likely support treasury management functions for commercial clients. While the exact number of active digital users isn't public in the latest reports, the company's focus on operational execution, which includes technology integration like the successful conversion of former Oakwood Bank systems, suggests ongoing investment in these self-service channels. The bank also offers e-statements as part of its digital suite.

Direct sales force for commercial lending and treasury management

The direct sales force is central to Business First Bancshares, Inc.'s community-focused model, especially for higher-value commercial services. The primary business activities heavily lean on this relationship-based approach, focusing on Commercial Lending and Treasury Management services. Treasury and cash management services offered include lock-box, receivables factoring, ACH, and correspondent banking. This direct engagement is how the bank delivers its specialized commercial products, which are a core part of its revenue generation, alongside standard commercial checking and savings products. The success of this channel is reflected in the overall financial scale the company manages.

Here's a quick look at the financial scale these channels support as of late 2025:

Metric	Value (As of Sept 30, 2025)	Pro-Forma Value (Post-Acquisition Estimate)
Total Assets	$8.0 billion	Approx. $8.5 billion
Total Loans Portfolio	Not specified	Over $6.6 billion
Quarterly Net Income (Q3 2025)	$21.5 million	Not applicable

The bank also provides other services that flow through these channels, which you should keep in mind:

• Debit and credit cards
• Merchant services
• Employee and payroll benefits solutions
• Loan and deposit sweep accounts

If onboarding new commercial clients takes longer than expected due to complex documentation requirements in the physical centers, relationship manager bandwidth will get stretched thin.

Finance: draft 13-week cash view by Friday.

Business First Bancshares, Inc. (BFST) - Canvas Business Model: Customer Segments

Business First Bancshares, Inc., through its subsidiary b1BANK, focuses its business across distinct customer groups, primarily serving commercial interests in Louisiana and Texas.

The overall scale of the bank, which underpins its ability to serve these segments, stood at $8.0 billion in total assets as of September 30, 2025.

The loan portfolio composition shows active management across commercial and real estate sectors:

• Commercial loans decreased by $40.2 million compared to the linked quarter (Q2 2025).
• Commercial Real Estate (CRE) portfolio decreased by $71.1 million compared to the linked quarter.
• Construction and residential loan portfolios increased by $38.6 million and $47.6 million, respectively, compared to the linked quarter.
• Texas-based loans accounted for approximately 40% of the total loan portfolio based on unpaid principal balance as of September 30, 2025.

The deposit base, which reflects the retail and commercial funding side, grew during the third quarter of 2025:

• Total deposits increased by $87.2 million for the quarter ended September 30, 2025.
• Period-end interest bearing deposits increased by $131.4 million, representing a 2.62% rise.
• Period-end noninterest bearing deposits decreased by $44.2 million, a 3.13% reduction.

The segment serving affluent individuals and high-net-worth clients is supported by the wealth management affiliate:

• Assets under management (AUM) through Smith Shellnut Wilson, LLC (SSW) totaled $5.7 billion as of September 30, 2025, excluding $0.9 billion of b1BANK assets managed by SSW.

Here is a snapshot of key financial figures relevant to the scale of Business First Bancshares, Inc.'s operations as of late 2025:

Metric	Amount as of September 30, 2025
Total Assets	$8.0 billion
Assets Under Management (SSW Affiliate)	$5.7 billion (excluding $0.9 billion b1BANK assets)
Loans Held for Investment (Decrease vs. Q2 2025)	$26.6 million
Quarterly Deposit Increase (Q3 2025)	$87.2 million
Tangible Book Value per Common Share	$22.63
Common Dividend Declared (Q3 2025)	$0.15 per share

Retail customers utilize a range of deposit products including checking, demand, money market, time, and savings accounts, alongside personal lending services. The bank also provides commercial checking, savings, and treasury management services to its business clients.

Finance: draft 13-week cash view by Friday.

Business First Bancshares, Inc. (BFST) - Canvas Business Model: Cost Structure

When you look at the cost structure for Business First Bancshares, Inc. (BFST), you're looking at the necessary expenses to run a large, growing regional bank, especially one that has recently integrated a significant acquisition like Oakwood. The primary drivers are interest paid on funding and the cost of your large team.

Interest Expense on Deposits and Borrowings is a major component. You saw a deliberate move to optimize funding costs in Q3 2025, evidenced by the fact that FHLB borrowings decreased $125.5 million from the prior quarter. This reduction in Federal Home Loan Bank advances helps manage the overall cost of funds, which for the quarter ended September 30, 2025, increased 3 basis points from the linked quarter to 2.81%, inclusive of noninterest-bearing deposits.

The expense of maintaining your regional footprint and talent is substantial. Personnel expenses, covering salaries and benefits for your large regional team across Louisiana and Texas, are a core operating cost. For Q3 2025, the GAAP noninterest expense included a $2.0 million employee retention tax benefit that flowed through payroll taxes and employee salaries. You have to manage that human capital cost carefully; it's the engine of your service delivery.

Overall, the core operating expenses are relatively well-managed against revenue, but one-time integration costs pop up. For the third quarter of 2025, core noninterest expense was $49.3 million, which was down slightly compared to the second quarter of 2025. This is the number you want to watch for efficiency, as it excludes the lumpy, non-recurring items.

Integration activities, like the successful conversion of former Oakwood Bank systems, introduce specific technology costs. In Q3 2025, the GAAP noninterest expense included $439,000 in conversion-related expense. These system conversion costs are a necessary evil to realize the long-term efficiency gains from M&A, so you need to track the expected cost saves against these upfront technology investments.

Finally, you have the fixed costs associated with your physical presence. Occupancy and equipment costs for the branch network-including the newly added centers from the Oakwood acquisition-represent a steady drain on the cost structure. These costs support the delivery of your commercial and personal banking products across your markets in Louisiana and Texas.

Here's a quick look at some of the key cost and related expense figures from the Q3 2025 period:

Cost Component Category	Specific Metric/Amount	Period/Context
Core Noninterest Expense	$49.3 million	Q3 2025
FHLB Borrowings Reduction	$125.5 million decrease	Q3 2025 vs. Linked Quarter
Conversion-Related Expense (GAAP)	$439,000	Q3 2025
Employee Retention Tax Benefit (Impact on Salaries/Payroll Taxes)	$2.0 million	Q3 2025
Cost of Total Funds (Overall)	2.81%	For the month ended September 30, 2025

You're managing a cost base that reflects both organic growth and recent inorganic expansion. The key action item here is monitoring the realization of the expected Oakwood cost saves to ensure the $49.3 million core expense base trends favorably against future revenue growth.

Business First Bancshares, Inc. (BFST) - Canvas Business Model: Revenue Streams

You're looking at the core ways Business First Bancshares, Inc. brings in money, which is pretty standard for a bank but with some specific flavor from their recent acquisitions and growth strategy. Honestly, the biggest driver is still the spread between what they earn on assets and what they pay for liabilities.

The primary engine for Business First Bancshares, Inc. revenue is Net Interest Income (NII), which comes from the difference between interest earned on their loan portfolio and securities, and the interest paid on deposits and borrowings. For the quarter ended September 30, 2025, the reported NII was $69.3 million. This was an increase from the linked quarter's $67.0 million.

The quality of that interest income is tied to loan yields. For the quarter ended September 30, 2025, the overall loan yields were 7.01%, up slightly from 6.96% in the linked quarter. While you asked about new loan yields averaging 7.46%, the reported overall loan yield for the period was 7.01%. The Net Interest Margin (NIM) held steady at 3.68% for Q3 2025.

Beyond the core interest income, Business First Bancshares, Inc. generates revenue through various noninterest sources. These fees are crucial for diversification, especially in fluctuating rate environments. Here's a breakdown of the key components and associated data points we have:

Revenue Stream Category	Specific Data Point Found	Period/Date
Net Interest Income (NII)	$69.3 million	Q3 2025
Overall Loan Yield	7.01%	Q3 2025
Net Interest Margin (NIM)	3.68%	Q3 2025
Wealth Management AUM (via SSW affiliate)	$5.4 billion	As of June 30, 2025

The wealth management and trust fees are generated through their affiliate, Smith Shellnut Wilson, LLC (SSW). As of June 30, 2025, Business First Bancshares, Inc. had $5.4 billion in assets under management through SSW. This AUM figure directly supports the fee-based revenue stream, even if the exact fee dollar amount for Q3 2025 isn't explicitly broken out in the summary data.

Fees related to loan activity and other services contribute to the noninterest income line. Business First Bancshares, Inc. earns revenue from loan origination and servicing fees, though the specific dollar amount for Q3 2025 isn't detailed in the primary summaries. Similarly, gains on the sale of SBA loans and other assets are part of the noninterest income mix, providing lumpy but potentially significant boosts to earnings.

To give you a clearer picture of the noninterest income components that feed into the overall revenue picture, consider the types of activities that generate these fees:

• Noninterest income from service charges and fees on deposit accounts.
• Wealth management and trust fees from the SSW affiliate.
• Loan origination and servicing fees.
• Gains on sale of SBA loans and other assets.

The focus on operational execution, like the successful conversion of former Oakwood Bank systems, is meant to improve efficiency across all these revenue-generating activities. The board also declared a common dividend of $0.15 per share for the quarter, payable November 30, 2025.

Finance: draft 13-week cash view by Friday.