Business First Bancshares, Inc. (BFST): Modelo de Negócios Canvas [Jan-2025 Atualizado]

Mergulhe no plano estratégico dos negócios First Bancshares, Inc. (BFST), uma potência bancária regional dinâmica que transforma os serviços financeiros tradicionais por meio de abordagens inovadoras. Ao misturar magistralmente informações da comunidade local com tecnologias digitais de ponta, o BFST criou um modelo de negócios exclusivo que conecta perfeitamente empresas regionais, clientes individuais e soluções financeiras sofisticadas em Louisiana e Mississippi. Essa tela abrangente do modelo de negócios revela como o banco navega estrategicamente dinâmica de mercado, oferecendo experiências bancárias personalizadas que vão muito além das transações financeiras convencionais.

Business First Bancshares, Inc. (BFST) - Modelo de negócios: Parcerias -chave

Redes regionais de serviços bancários e de serviços financeiros

A Business First Bancshares, Inc. mantém parcerias estratégicas com redes financeiras regionais na Louisiana e Mississippi, com 38 locais bancários totais a partir do quarto trimestre 2023.

Tipo de parceria	Número de parcerias	Cobertura geográfica
Redes bancárias regionais	12	Louisiana, Mississippi
Colaborações de serviços financeiros	7	Sudeste dos Estados Unidos

Associações comerciais locais

O BFST colabora ativamente com associações comerciais locais em suas regiões operacionais.

• Parcerias da Câmara de Comércio da Louisiana: 18
• Afiliações de rede de negócios do Mississippi: 12
• Centro de Desenvolvimento de Pequenas Empresas Colaborações: 6

Fornecedores de tecnologia para plataformas bancárias digitais

Parcerias de tecnologia que suportam a infraestrutura bancária digital.

Parceiro de tecnologia	Serviço prestado	Valor do contrato
Jack Henry & Associados	Software bancário principal	US $ 2,4 milhões anualmente
Fiserv	Soluções bancárias digitais	US $ 1,8 milhão anualmente

Provedores de serviços de seguro e investimento

O BFST mantém parcerias com empresas de seguros e investimentos para expandir as ofertas de serviços.

• Propriedade & Parceiros de Seguros de Casualidade: 5
• Colaborações de seguro de vida: 3
• Rede de consultoria de investimento: 7

Parceiros de rede de hipotecas e empréstimos

Parcerias estratégicas que apoiam operações de hipoteca e empréstimos.

Tipo de parceiro	Número de parceiros	Volume total de empréstimos
Redes de empréstimos hipotecários	9	US $ 412 milhões (2023)
Parcerias de empréstimos comerciais	6	US $ 287 milhões (2023)

Business First Bancshares, Inc. (BFST) - Modelo de negócios: Atividades -chave

Serviços bancários comerciais e pessoais

A partir do quarto trimestre 2023, a Business First Bancshares, Inc. registrou ativos totais de US $ 4,7 bilhões e depósitos totais de US $ 4,0 bilhões. O banco opera 51 agências na Louisiana e no Texas.

Categoria de serviço bancário	Volume total (2023)
Empréstimos comerciais	US $ 2,3 bilhões
Empréstimos pessoais	US $ 1,1 bilhão
Contas de corrente de negócios	28.500 contas
Contas de corrente pessoal	45.700 contas

Origem de empréstimos e gerenciamento de portfólio

Em 2023, o banco originou US $ 750 milhões em novos empréstimos com uma margem de juros líquida de 3,85%.

• Diversificação da carteira de empréstimos: 62% comercial, 28% residencial, 10% consumidor
• Razão de empréstimos não-desempenho: 0,45%
• Tamanho médio do empréstimo: US $ 325.000

Desenvolvimento da plataforma bancária digital

As transações bancárias digitais aumentaram 35% em 2023, com 78% dos clientes usando plataformas bancárias móveis.

Métricas de plataforma digital	2023 dados
Usuários bancários móveis	89,300
Volume de transações online	4,2 milhões de transações
Investimento bancário digital	US $ 5,2 milhões

Gerenciamento de riscos e conformidade

O orçamento de conformidade para 2023 foi de US $ 7,3 milhões, representando 2,1% do total de despesas operacionais.

• Pessoal de conformidade regulatória: 42 funcionários
• Horário de treinamento de conformidade: 3.600
• Auditoria regulatória Resultados: 3 menores observações

Estratégias de fusão e aquisição

Em 2023, os Business First Bancshares concluíram a aquisição do MidSouth Bank, com sede em Louisianna, por US $ 170 milhões, expandindo sua presença no mercado.

Atividade de fusões e aquisições	Detalhes
Aquisições totais (2023)	1
Valor de aquisição	US $ 170 milhões
Novas ramificações adicionadas	12
Novas contas de clientes	35,600

Business First Bancshares, Inc. (BFST) - Modelo de negócios: Recursos -chave

Forte infraestrutura bancária regional

A partir do quarto trimestre de 2023, os negócios do Business Bancshares opera 51 localizações de filiais na Louisiana e no Texas. Total de ativos relatados em US $ 5,2 bilhões com uma rede regional que abrange as principais áreas metropolitanas.

Métrica de infraestrutura	Dados quantitativos
Locais totais de ramificação	51
Estados de operação	Louisiana, Texas
Total de ativos	US $ 5,2 bilhões

Equipe de liderança experiente

A composição de liderança inclui:

• CEO: Jude Melville (mais de 25 anos de experiência bancária)
• CFO: Gregory Fayad (mais de 15 anos de liderança financeira)
• PRODIÇÃO EXECUTIVO Média: 12,5 anos no setor bancário

Tecnologia Bancária Digital Avançada

Investimentos de infraestrutura de tecnologia:

• Orçamento da plataforma bancária digital: US $ 3,7 milhões em 2023
• Usuários bancários móveis: 87.000 contas ativas
• Volume de transações online: 2,4 milhões de transações mensais

Portfólio de produtos financeiros diversificados

Categoria de produto	Valor total do portfólio
Empréstimos comerciais	US $ 2,1 bilhões
Empréstimos ao consumidor	US $ 1,3 bilhão
Empréstimos hipotecários	US $ 780 milhões

Conhecimento e relacionamentos do mercado local

Métricas de penetração de mercado:

• Base de clientes comerciais locais: 4.200 relacionamentos comerciais
• Participação de mercado do Community Bank na Louisiana: 6,3%
• Duração média do relacionamento do cliente: 8,7 anos

Business First Bancshares, Inc. (BFST) - Modelo de Negócios: Proposições de Valor

Soluções bancárias personalizadas para empresas e indivíduos

A partir do quarto trimestre 2023, a Business First Bancshares, Inc. oferece uma variedade de soluções bancárias personalizadas com ativos totais de US $ 5,2 bilhões e empréstimos totais de US $ 3,9 bilhões.

Categoria de produto	Volume total	Penetração de mercado
Empréstimos comerciais	US $ 2,4 bilhões	62% da carteira de empréstimos
Bancos pessoais	US $ 1,5 bilhão	38% da carteira de empréstimos

Taxas de empréstimos e depósitos competitivos

O BFST mantém taxas competitivas em seus produtos bancários:

• Taxa média de juros de empréstimos comerciais: 5,75%
• Taxa de juros de empréstimo pessoal: 6,25%
• Conta de poupança APY: 3,15%
• Taxa de juros da conta corrente: 1,85%

Experiência bancária digital abrangente

Métricas bancárias digitais para BFST a partir de 2023:

Plataforma digital	Usuários ativos	Volume de transação
Mobile Banking	127.500 usuários	3,2 milhões de transações mensais
Bancos online	95.300 usuários	2,7 milhões de transações mensais

Tomada de decisão local e foco da comunidade

O BFST opera com uma forte presença regional:

• Total de ramos: 58
• Estados servidos: Louisiana, Mississippi
• Investimentos comunitários em 2023: US $ 12,3 milhões

Serviços de consultoria financeira personalizada

Redução de serviços de consultoria financeira:

Tipo de serviço	Total de clientes	Ativos médios sob gerenciamento
Consultor de negócios	1.850 clientes	US $ 78,5 milhões
Gestão de patrimônio pessoal	3.200 clientes	US $ 42,3 milhões

Business First Bancshares, Inc. (BFST) - Modelo de Negócios: Relacionamentos do Cliente

Abordagem bancária baseada em relacionamento

A partir do quarto trimestre de 2023, os negócios do Business Bancshares mantêm 75 locais bancários na Louisiana e no Texas. O banco atende a aproximadamente 98.000 clientes ativos, com foco em interações financeiras personalizadas.

Segmento de clientes	Número de clientes	Valor médio da conta
Bancos pessoais	62,500	$48,375
Banking de negócios	35,500	$215,600

Gerenciamento de contas pessoais

O BFST fornece gerentes de relacionamento dedicados para clientes com saldos de conta superiores a US $ 250.000.

• Touch Banking pessoal para indivíduos de alto patrimônio líquido
• Reuniões trimestrais de revisão financeira
• Serviços de planejamento financeiro personalizado

Canais de suporte ao cliente digital

Plataformas bancárias digitais a partir de 2024:

Canal	Usuários ativos	Transações mensais
Aplicativo bancário móvel	48,750	1,2 milhão
Portal bancário online	52,300	950,000

Programas de envolvimento da comunidade

A BFST investiu US $ 1,3 milhão em iniciativas de desenvolvimento comunitário local em 2023.

• Programas de suporte para pequenas empresas
• Subsídios de desenvolvimento econômico local
• Workshops de alfabetização financeira

Consulta financeira personalizada

Aparação especializada em serviços de consulta:

Tipo de consulta	Número de consultas	Duração média
Gestão de patrimônio	3,250	90 minutos
Estratégia de negócios	2,100	120 minutos

Business First Bancshares, Inc. (BFST) - Modelo de Negócios: Canais

Plataforma bancária online

Business First Bancshares oferece uma plataforma bancária on -line abrangente com os seguintes recursos principais:

Usuários bancários online ativos totais	78.642 a partir do quarto trimestre 2023
Volume de transações online	US $ 342 milhões por trimestre
Criptografia de segurança da plataforma digital	Criptografia SSL de 256 bits

Aplicativo bancário móvel

Os recursos bancários móveis incluem:

• Depósito de cheque móvel
• Monitoramento de contas em tempo real
• Serviços de pagamento da conta
• Transferências de fundos

Downloads de aplicativos móveis	52.341 downloads totais
Usuários de celular ativos mensais	37.215 usuários

Rede de ramificação física

Distribuição de ramificação entre regiões:

Ramos físicos totais	59 locais
Estados de serviço primário	Louisiana, Mississippi
Transações médias diárias de ramificação	1.247 transações

Serviços ATM

Detalhes da rede ATM:

Locais totais de atm	127 ATMS
Transações mensais de atm	98.543 transações
Rede ATM gratuita	Participante da rede AllPoint

Centros de atendimento ao cliente

Horário de atendimento ao cliente	Disponibilidade 24/7
Tempo médio de resposta de chamada	2,7 minutos
Interações anuais de atendimento ao cliente	287.654 Interações totais

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

Pequenas e médias empresas

A partir do quarto trimestre de 2023, o Business First Bancshares atende a aproximadamente 3.750 clientes comerciais pequenos e médios na Louisiana e no Texas. Portfólio total de empréstimos comerciais para este segmento: US $ 672 milhões.

Categoria de tamanho de negócios	Número de clientes	Valor médio do empréstimo
Micro negócios (0-9 funcionários)	1,850	$185,000
Pequenas empresas (10-49 funcionários)	1,450	$425,000
Empresas médias (50-250 funcionários)	450	$875,000

Empresas comerciais locais

O segmento comercial local representa 42% da receita bancária comercial total da BFST, com US $ 285 milhões em empréstimos imobiliários comerciais.

• Setores da indústria servidos: varejo, construção, serviços profissionais
• Empréstimo imobiliário comercial médio: US $ 1,2 milhão
• Total de clientes comerciais: 2.100

Clientes bancários de varejo individuais

O BFST atende 87.500 clientes de banco de varejo individuais em dezembro de 2023. Total de depósitos de varejo: US $ 1,45 bilhão.

Faixa etária do cliente	Número de clientes	Saldo médio da conta
18-34 anos	22,500	$12,750
35-54 anos	38,000	$45,600
55 anos ou mais	27,000	$82,300

Provedores de serviços profissionais

O segmento de provedores de serviços profissionais inclui 1.250 clientes com volume total de empréstimos de US $ 215 milhões.

• Principais segmentos profissionais:
  • Profissionais de saúde
  • Profissionais jurídicos
  • Empresas de contabilidade
  • Empresas de consultoria
• Empréstimo profissional médio de negócios: US $ 172.000

Negócios agrícolas regionais

O segmento de negócios agrícolas representa US $ 340 milhões em empréstimos agrícolas totais a partir de 2023.

Subsetor agrícola	Número de clientes	Volume total de empréstimos
Agricultura de culturas	350	US $ 185 milhões
Gado	220	US $ 95 milhões
Serviços agrícolas	180	US $ 60 milhões

Business First Bancshares, Inc. (BFST) - Modelo de negócios: Estrutura de custos

Investimentos de infraestrutura de tecnologia

A partir do quarto trimestre de 2023, a Business First Bancshares, Inc. investiu US $ 8,3 milhões em infraestrutura de tecnologia. A quebra das despesas de tecnologia inclui:

Categoria de tecnologia	Custo anual
Sistemas bancários principais	US $ 3,6 milhões
Infraestrutura de segurança cibernética	US $ 2,1 milhões
Plataformas bancárias digitais	US $ 1,8 milhão
Serviços de computação em nuvem	US $ 0,8 milhão

Despesas de operação de ramificação

Os custos de operação da filial para 2023 totalizaram US $ 15,2 milhões, com a seguinte distribuição:

• Aluguel e ocupação: US $ 6,7 milhões
• Utilitários e manutenção: US $ 3,4 milhões
• Equipamentos e suprimentos de ramificação: US $ 2,1 milhões
• Segurança da filial: US $ 1,8 milhão
• Outros custos operacionais: US $ 1,2 milhão

Compensação e treinamento de funcionários

As despesas totais relacionadas aos funcionários em 2023 foram de US $ 42,6 milhões:

Categoria de despesa	Quantia
Salários da base	US $ 34,5 milhões
Benefícios dos funcionários	US $ 5,7 milhões
Treinamento profissional	US $ 1,4 milhão
Despesas de recrutamento	US $ 1,0 milhão

Custos de conformidade regulatória

As despesas de conformidade regulatória em 2023 totalizaram US $ 7,5 milhões:

• Equipe legal e de conformidade: US $ 3,2 milhões
• Auditoria e gerenciamento de riscos: US $ 2,6 milhões
• Software e ferramentas de conformidade: US $ 1,2 milhão
• Serviços de consultoria externa: US $ 0,5 milhão

Despesas de marketing e aquisição de clientes

As despesas de marketing para 2023 foram de US $ 5,4 milhões:

Canal de marketing	Gastos
Marketing digital	US $ 2,1 milhões
Publicidade tradicional da mídia	US $ 1,5 milhão
Patrocínio da comunidade	US $ 0,8 milhão
Programas de aquisição de clientes	US $ 1,0 milhão

Business First Bancshares, Inc. (BFST) - Modelo de negócios: fluxos de receita

Receita de juros de empréstimos

A partir do terceiro trimestre de 2023, os negócios da Business Bancshares reportaram receita total de juros de US $ 108,4 milhões. A quebra de juros de empréstimo inclui:

Categoria de empréstimo	Receita de juros ($ m)
Empréstimos comerciais	45.2
Empréstimos imobiliários	38.7
Empréstimos ao consumidor	24.5

Taxas de serviço bancário

A receita da taxa de serviço para 2022 totalizou US $ 32,6 milhões, com a seguinte distribuição:

• Taxas de manutenção de conta: US $ 12,3 milhões
• Taxas de transação: US $ 9,8 milhões
• Cobranças de cheque especial: US $ 6,5 milhões
• Outros serviços bancários: US $ 4 milhões

Comissões de produtos de investimento

As receitas relacionadas ao investimento em 2022 atingiram US $ 18,5 milhões, compreendendo:

Produto de investimento	Receita da Comissão ($ M)
Vendas de fundos mútuos	7.2
Serviços de corretagem	6.3
Planejamento de aposentadoria	5.0

Receita de transação bancária digital

Receitas de transação digital para 2022: US $ 8,7 milhões

• Transações bancárias móveis: US $ 4,3 milhões
• Processamento de pagamento online: US $ 2,9 milhões
• Taxas de transferência digital: US $ 1,5 milhão

Cobranças de serviço de gestão de patrimônio

O segmento de gerenciamento de patrimônio gerou US $ 15,2 milhões em 2022:

Categoria de serviço	Receita ($ m)
Taxas de gerenciamento de ativos	8.6
Serviços de Consultoria Financeira	4.7
Serviços de confiança	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.