Business First Bancshares approves $30M buyback program

On October 28, 2028, Business First Bancshares, Inc. (NASDAQ:BFST) will have the opportunity to buy back up to $30 million of its common stock, as approved by its Board of Directors. The company can execute this stock repurchase program through open market purchases adhering to Rule 10b-18 of the Securities and Exchange Commission or via private negotiations.

Management will decide when and at what price to buy shares, prioritizing attractive offers that benefit Business First and its shareholders. However, the program is not mandatory, and the company may choose not to proceed with repurchases depending on market conditions, the financial health of the bank and its subsidiary b1BANK, liquidity needs, and other relevant factors.

The program grants the Board discretion to alter, suspend, or terminate it at any time. Business First Bancshares operates through its banking subsidiary b1BANK, which manages $8.9 billion in assets. The institution delivers commercial and personal banking services through branches and loan offices located in Louisiana and Texas.