Business First Bancshares, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
BFST$32.73-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash Flows From Operating Activities: | |||
| Consolidated Net Income | $87,861 | $65,107 | $71,043 |
| Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: | |||
| Provision for Credit Losses | 11,318 | 10,873 | 4,483 |
| Depreciation and Amortization | 5,680 | 5,257 | 4,670 |
| Net Accretion of Purchase Accounting Adjustments | (2,313) | (2,505) | (7,615) |
| Stock Based Compensation Cost | 5,821 | 2,999 | 3,999 |
| Net Amortization of Securities | 798 | 2,140 | 4,197 |
| (Gain) Loss on Sales of Securities | (64) | (7) | 2,565 |
| Gain on Sales of Loans | (931) | (2,376) | (671) |
| Income on Other Equity Securities | (2,099) | (2,201) | (3,045) |
| Gain on Sales of Other Real Estate Owned, Net of Writedowns | (511) | (89) | (214) |
| Other Real Estate Owned Valuation Allowance | 196 | — | — |
| Loss on Disposal of Premises and Equipment | 840 | 7 | — |
| Increase in Cash Value of Life Insurance | (3,151) | (2,875) | (2,247) |
| Deferred Income Tax Expense (Benefit) | 1,199 | (962) | (2,052) |
| Gain on Extinguishment of Debt | (630) | — | (1,458) |
| Gain on Sale of Branch | (3,360) | — | (945) |
| Changes in Assets and Liabilities: | |||
| Increase in Accrued Interest Receivable | (2,636) | (3,079) | (4,250) |
| (Increase) Decrease in Other Assets | (10,434) | 9 | (1,683) |
| Increase (Decrease) in Accrued Interest Payable | (1,755) | (10,498) | 12,749 |
| Increase (Decrease) in Other Liabilities | 6,254 | (391) | 11,443 |
| Net Cash Provided by Operating Activities | 92,083 | 61,409 | 90,969 |
| Cash Flows From Investing Activities: | |||
| Purchases of Securities Available for Sale | (687,861) | (104,165) | (131,038) |
| Proceeds from Maturities / Sales of Securities Available for Sale | 551,832 | 40,720 | 91,981 |
| Proceeds from Paydowns of Securities Available for Sale | 77,285 | 67,864 | 53,916 |
| Net Cash Received in Acquisition | — | 96,824 | — |
| Net Cash Paid in Sale of Branch | (43,084) | — | (14,506) |
| Purchases of Other Equity Securities | (14,317) | (5,015) | (15,573) |
| Redemption of Other Equity Securities | 8,174 | 1,713 | 21,361 |
| Purchase of Life Insurance | — | (3,000) | (2,273) |
| Proceeds from Death Benefit of Cash Value of Life Insurance | 504 | 813 | — |
| Net Increase in Loans | (234,283) | (294,941) | (379,073) |
| Net Purchases of Premises and Equipment | (66) | (1,562) | (11,648) |
| Proceeds from Sales of Other Real Estate | 9,766 | 621 | 1,240 |
| Net (Increase) Decrease in Securities Purchased Under Agreements to Resell | 25,248 | (50,835) | — |
| Net (Increase) Decrease in Federal Funds Sold | 25,276 | (43,957) | (135,528) |
| Net Cash Used in Investing Activities | (281,526) | (294,920) | (521,141) |
(CONTINUED)
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash Flows From Financing Activities: | |||
| Net Increase in Deposits | 238,540 | 520,570 | 444,780 |
| Net Increase (Decrease) in Securities Sold Under Agreements to Repurchase | 1 | 3,736 | (1,323) |
| Net Increase (Decrease) in Federal Funds Purchased | — | — | (14,057) |
| Net Advances (Repayments) on Federal Home Loan Bank Borrowings | 75,325 | 122,488 | (198,902) |
| Net (Repayments) Proceeds on Bank Term Funding Program | — | (300,000) | 300,000 |
| Repayment of Subordinated Debt | (6,370) | — | (8,900) |
| Net Costs from Issuance of Common Stock | — | (31) | — |
| Repurchase of Common Stock | (3,731) | — | — |
| Payment of Dividends on Preferred Stock | (5,401) | (5,401) | (5,401) |
| Payment of Dividends on Common Stock | (16,844) | (14,863) | (12,655) |
| Net Cash Provided by Financing Activities | 281,520 | 326,499 | 503,542 |
| Net Increase in Cash and Due From Banks | 92,077 | 92,988 | 73,370 |
| Cash and Due From Banks at Beginning of Period | 319,098 | 226,110 | 152,740 |
| Cash and Due From Banks at End of Period | $411,175 | $319,098 | $226,110 |
| Supplemental Disclosures for Cash Flow Information: | |||
| Cash Payments for: | |||
| Interest on Deposits | $170,706 | $164,197 | $104,811 |
| Interest on Borrowings | $22,945 | $32,056 | $20,638 |
| Income Tax Payments | $24,072 | $17,352 | $16,095 |
| Supplemental Schedule for Noncash Investing and Financing Activities: | |||
| Change in the Unrealized Gain on Securities Available for Sale | $37,670 | $4,534 | $10,441 |
| Change in the Unrealized Gain (Loss) on Equity Securities | $— | $14 | $(782) |
| Change in Deferred Tax Effect on the Unrealized Gain on Securities Available for Sale and Equity Securities | $(7,960) | $(961) | $(2,040) |
| Transfer of Loans to Other Real Estate | $16,935 | $4,376 | $1,339 |
| Acquisitions: | |||
| Fair Value of Tangible Assets Acquired | $— | $847,743 | $— |
| Other Intangible Assets Acquired | — | 7,640 | — |
| Liabilities Assumed | — | 781,609 | — |
| Net Identifiable Assets Acquired Over Liabilities Assumed | $— | $73,774 | $— |
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