Business First Bancshares Posts $20.8M Q2 Profit, Acquires Progressive Bancorp

Business First Bancshares, Inc. reported strong second-quarter 2025 financial results, with net income rising to $20.75 million, or $0.70 per share, surpassing analyst expectations and marking a significant increase from the previous year. The company reported revenue growth of 15%, reaching $114.85 million, driven by operational efficiencies including a successful core conversion and branch optimization. Business First also announced an acquisition of Progressive Bancorp, aiming to expand its regional presence, particularly in the Dallas market, alongside ongoing tech upgrades and strategic branch sales. Despite some deposit outflows following branch sales, net interest margins remained stable, showcasing resilient operational performance amid a challenging banking environment. Analysts maintain a favorable outlook on the stock, with price targets around $30.00 to $30.50 and a Buy or Outperform rating, citing strong financial health and growth potential. This performance reflects a broader trend of regional banks pursuing modernization and consolidation to navigate evolving regulatory and competitive landscapes.