Business First Bancshares, Inc. · NASDAQ:BFST
Business First Bancshares — Q2 2026 Earnings Presentation
33 slides from Business First Bancshares's earnings presentation, 2026
Slide 1: Q2 2026 Results
Q2 2026 Results
Slide 2: Table of Contents
TABLE OF CONTENTS Legal Disclosures 3 Guiding Principles & Social Impact 4 Business First Bancshares, Inc. Overview 5 – 11 Liquidity and Deposits 12 Securities Portfolio 13 Noninterest Revenue Opportunities 14 Financial Results Q2 2026 Financial Highlights 16 Credit Metrics Analysis 17 Yield/Rate An
Slide 3: Legal Disclosures
LEGAL DISCLOSURES Special Note Concerning Forward-Looking Statements This investor presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act made pursuant to the safe harbor provisions of the Private Securities Liti
Slide 4: Guiding Principles & Social Impact
GUIDING PRINCIPLES & SOCIAL IMPACT b1BANK’s five guiding principles reflect our core beliefs and values, which drive all decisions irrespective of our goals, strategies, or external factors. These tenets are more than guides for making business decisions; they are the core of our culture, driving ou
Slide 5: Business First Bancshares, Inc. Overview
BUSINESS FIRST BANCSHARES, INC. OVERVIEW FRANCHISE HIGHLIGHTS BUSINESS OVERVIEW & CORPORATE ACTIONS • Diversified full -service commercial -focused bank headquartered in • Operations in Louisiana, Texas and Mississippi including: 46 legacy Baton Rouge, Louisiana, focused on serving clients with the
Slide 6: Executive Management
EXECUTIVE MANAGEMENT Jude Melville Chairman, President and CEO Gregory Robertson Jerry Vascocu Philip Jordan EVP, Chief Financial Officer President, b1BANK EVP, Chief Banking Officer Keith Mansfield Saundra Strong Kathryn Manning EVP, Chief Operations Officer EVP, General Counsel EVP, Chief Risk Off
Slide 7: Balanced Footprint
BALANCED FOOTPRINT Dallas Fort Worth Region North Louisiana Region # of Banking Centers: 11 # of Banking Centers(1): 18 # of LPOs: 1 Total Loans: $1,629.6 Total Loans: $1,826.0 Total Deposits: $1,729.0 Total Deposits: $822.9 Deposits / Banking Center(2): $101.7 Deposits / Banking Center: $74.8 Great
Slide 8: Diversified Growth
DIVERSIFIED GROWTH BFST Standalone Assets $8,904 Cumulative Assets Acquired $8,215 $7,857 $6,585 $4,065 $5,990 $3,291 $3,291 $4,726 $2,429 $4,160 $2,429 $1,883 $1,883 $2,095 $2,274 $4,566 $4,924 $4,839 $621 $4,156 $621 $3,562 $2,843 $2,277 $1,473 $1,652 (3) 2018 2019 2020 2021 2022 2023 2024 2025 Q2
Slide 9: Tangible Book Value Per Share (TBVPS) Growth
TANGIBLE BOOK VALUE PER SHARE (TBVPS) GROWTH TBVPS – Trailing 8 Quarters TBVPS – Since Public Listing on Nasdaq $23.36 $23.18 $23.61 $23.36 $22.63 $21.61 $20.60 $20.84 $19.92 $19.92 $18.62 $17.31 $17.71 $16.80 $16.17 $15.34 $19.68 $21.47 $19.88 $21.24 $20.25 $22.58 $24.62 $27.95 $24.59 $24.62 $25.51
Slide 10: Earnings Per Share (EPS) Growth
EARNINGS PER SHARE (EPS) GROWTH Diluted EPS – Trailing 8 Quarters Diluted EPS – Since Public Listing on Nasdaq $2.83 $0.79 $2.61 $2.62 $0.72 $0.73 $2.52 $2.49 $0.71 $0.68 $0.66 $0.66 $0.65 $2.05 $1.80 $1.45 $0.70 $0.73 $0.71 $0.65 $0.51 $0.65 $0.68 $0.70 $2.53 $2.32 $2.59 $1.22 $1.74 $1.64 $2.26 $2.
Slide 11: Consolidated Capital Growth
CONSOLIDATED CAPITAL GROWTH CET1 & TRBC – Trailing 8 Quarters CET1 & TRBC – Since Public Listing on Nasdaq 13.77% 13.91% 13.03% 13.07% 13.22% 13.08% 13.30% 12.99% 12.75% 12.93% 12.75% 12.85% 12.75% 12.93% 12.28% 11.83% 11.94% 11.43% 10.38% 10.63% 10.06% 9.94% 10.21% 9.94% 9.78% 9.88% 9.42% 9.44% 9.1
Slide 12: Liquidity and Deposits
LIQUIDITY AND DEPOSITS Liquidity Sources • Continue to carry higher cash balances to support liquidity, with 7.18% of total assets at 6/30/2026. FHLB Borrowings Capacity $ 1,535 FRB Discount Window $ 1,031 • Remain focused on core deposits, which represent over 88% of total deposits. Unencumbered Se
Slide 13: Securities Portfolio
SECURITIES PORTFOLIO AFS Securities Portfolio • Portfolio serves as a source of on-balance sheet liquidity and provides interest income stability during times of declining rates. • With the relatively high-rate environment, the Bank is reinvesting portfolio cash flows and taking opportunities to mod
Slide 14: Noninterest Revenue Opportunities – b1 Financial Services
NONINTEREST REVENUE OPPORTUNITIES – b1 FINANCIAL SERVICES FINANCIAL INSTITUTIONS GROUP Financial Services Group Revenue Growth • September 2020 – b1BANK announced the formation of its Financial Institutions $ in millions Group $18.6 • FIG currently maintains $523 million in total loan participations
Slide 15: Financial Results
e BUSINESS FIRST Financial Results
Slide 16: 2nd Quarter 2026 – Financial Results
2nd QUARTER 2026 – FINANCIAL RESULTS Q2 2026 Results Q2 2026 Highlights Earnings & Profitability Q2 2026 Q1 2026 Q2 2025 Core Net Income (1) Core Diluted EPS (1) Net Income Available to Common Shareholders $ 22,825 $ 22,214 $ 20,753 Pre-Tax, Pre-Provision Earnings (1) 32,286 31,774 30,251 $23.3 mill
Slide 17: Credit Metrics Analysis
CREDIT METRICS ANALYSIS Past Due Loans(1) Nonperforming Loans(2) ACL & FV Discount Net Charge-offs Note: Dollars in millions. (1) Past due loans include balances past due 30 days or more and not on a nonaccrual status. (2) Nonperforming loans include loan balances past due 90 days or more as well as
Slide 18: Yield / Rate Analysis – Long Term Margin Stability
YIELD / RATE ANALYSIS – LONG TERM MARGIN STABILITY 8.00% 7.00% 6.63% 6.00% 5.00% 4.00% 3.75% 3.73% 3.68% 3.00% 2.44% 2.28% 2.00% 1.00% 0.00% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2021 2022 2023 2024 2025 2026 (1) NIM NIM ex. Accretion Total Funding Cost Total Cost of Deposit
Slide 19: Loan and Deposit Portfolio Overview
LOAN AND DEPOSIT PORTFOLIO OVERVIEW Loan Portfolio HFI (as of 6/30/26) Deposit Portfolio (as of 6/30/26) 5.6% 21.9% 14.1% 65.3% of total 29.2% 34.7% loans HFI are floating / variable $6.62 $7.24 rate or fixed rate billion billion 15.4% maturing/repricing within the next 40.4% 12- months 23.2% 12.9%
Slide 20: Loan Portfolio
e BUSINESS FIRST Loan Portfolio
Slide 21: Loan Composition
LOAN COMPOSITION Loan Portfolio Breakdown Q2 2026 Highlights Total Loans HFI $6,048 $6,021 $6,189 $6,684 $6,659 Q2’26 Avg. Increase (Decrease) by Loan Type Yield(1) QoQ Change +$66.7 ($26.6) +$168.4 +$494.8 ($24.8) ($ in millions) QoQ YoY Commercial $ 45 $ 28 $686 $693 6.95% CRE - Non-Owner Occupied
Slide 22: Loan Portfolio Snapshot
LOAN PORTFOLIO SNAPSHOT Total Loan Portfolio Composition Top 5 Exposure Categories Outstanding Unfunded Average NPLs % of Balance Commitment Loan Size Total Loans Commercial $1.94 billion $1.17 billion $444 thousand 2.18% CRE - Owner-Occupied $1.15 billion $72 million $921 thousand 0.98% $6.66 CRE -
Slide 23: Loan Composition: Commercial
LOAN COMPOSITION: COMMERCIAL Commercial Loans by Collateral Commercial Loans by Market Houston Agricultural Southwest 5.9% 9.3% Louisiana Cash/Securities 9.2% 8.7% AR & Inventory Dallas Fort 30.2% Worth Greater New 34.3% Titled Orleans Collateral 10.8% 10.9% Capital 8.1% Equipment Bayou 11.7% 5.7% A
Slide 24: Loan Composition: Commercial Real Estate
LOAN COMPOSITION: COMMERCIAL REAL ESTATE C&D Composition CRE Composition - Owner Owner Occupied Occupied CRE Composition Composition -- Income Income Producing Producing C&D Highlights 1.6% • $693.5 million total portfolio 7.7% 9.1% 24.6% 7.7% 17.1% 14.8% • $31.3 million largest relationship(2) 23.0
Slide 25: Appendix
e BUSINESS FIRST APPENDIX
Slide 26: Historical Financial Summary
HISTORICAL FINANCIAL SUMMARY For the Year Ended December 31, YTD 2021 2022 2023 2024 2025 2026 Balance Sheet & Capital Total Assets $4,726,378 $5,990,460 $6,584,550 $7,857,090 $8,214,740 $8,903,506 Gross Loans (Excl. HFS) 3,189,608 4,606,176 4,992,785 5,981,399 6,189,490 6,659,447 Deposits 4,077,283
Slide 27: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON -GAAP FINANCIAL MEASURES Core Net Income, ROAA, NIM excluding loan discount accretion For the Year Ended December 31, Fiscal Quarter 2021 2022 2023 2024 2025 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Core Net Income: Net Income Available to Common Shareholders $ 52,136 $ 52,905 $ 65,642 $
Slide 28: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON -GAAP FINANCIAL MEASURES Core Net Income and ROAA - Trailing Twelve Months Fiscal Quarter TTM Q3'25 Q4'25 Q1'26 Q2'26 Q2'26 Core Net Income: Net Income Available to Common Shareholders $ 21,505 $ 21,009 $ 22,214 $ 22,825 $ 87,553 Adjustments(1): (Gain)/Loss Former Bank Premises
Slide 29: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON -GAAP FINANCIAL MEASURES TCE/TA, TBVPS Fiscal Quarter Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Tangible Common Equity / Tangible Assets: Tangible Common Equity Total Shareholders' Equity $ 848,440 $ 878,440 $ 896,883 $ 991,176 $ 1,008,577 Preferred Stock (71,930) (71,930) (71,930) (71,930
Slide 30: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON -GAAP FINANCIAL MEASURES TCE/TA, TBVPS For the Year Ended December 31, 2021 2022 2023 2024 2025 Tangible Common Equity / Tangible Assets: Tangible Common Equity Total Shareholders' Equity $ 433,368 $ 580,481 $ 644,259 $ 799,466 $ 896,883 Preferred Stock - (71,930) (71,930) (71,
Slide 31: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON -GAAP FINANCIAL MEASURES Core Efficiency Ratio Fiscal Quarter Fiscal Year Ended TTM Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 12/31/2024 12/31/2025 Q2'26 Core Efficiency Ratio: Noninterest Expense $ 51,206 $ 48,882 $ 52,412 $ 57,471 $ 59,525 $ 177,652 $ 203,078 $ 218,290 Core Adjustments $
Slide 32: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON -GAAP FINANCIAL MEASURES Core Pre-tax, Pre-provision Earnings Fiscal Quarter Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Core pre-tax, pre-provision earnings: Pre-tax, pre-provision earnings $ 30,251 $ 32,065 $ 30,680 $ 31,774 $ 32,286 Adjustments: (Gain)/Loss Former Bank Premises & Equipmen
Slide 33: Business First Bancshares
b BUSINESS FIRST BANCSHARES
Business First Bancshares — Q2 2026 Earnings Presentation on 6ix