Business First Bancshares approves $30M stock repurchase program

Business First Bancshares, Inc. (Nasdaq: BFST), the holding company for b1BANK, announced that its Board of Directors has approved a stock repurchase program allowing the company to buy back up to $30 million of its common stock over a 24-month period running from Oct. 29, 2026, to Oct. 28, 2028.

According to the announcement, repurchases may be conducted in the open market under Rule 10b-18 of the Securities and Exchange Commission or through privately negotiated transactions. The timing and volume of any repurchases will depend on market and economic conditions, the company's financial and regulatory standing, liquidity requirements, and other factors deemed relevant by management.

The program does not obligate Business First Bancshares to repurchase any shares, and the Board retains the right to modify, suspend, or terminate the program at any time.

Business First Bancshares reported $8.9 billion in assets and operates banking centers and loan production offices across Louisiana and Texas.

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