Baton Rouge, LA, Business First Bancshares, Inc. (NASDAQ: BFST) (Business First), parent company of b1BANK, announced today an underwritten public offering of 2,500,000 shares of its common stock at a public offering price of $20.00 per share. The gross proceeds to Business First from the offering, are expected to be $50,000,000.
About Business First Bancshares, Inc.
As of June 30, 2022, Business First Bancshares, Inc., (Nasdaq: BFST) through its banking subsidiary b1BANK, has $5.5 billion in assets, $6.2 billion in assets under management through b1BANK’s affiliate Smith Shellnut Wilson LLC (SSW) (excludes $0.9 billion of b1BANK assets managed by SSW) and operates banking centers and loan production offices across Louisiana and Texas providing commercial and personal banking products and services. Commercial banking services include commercial loans, letters of credit, working capital lines, equipment financing and treasury management services. b1BANK was awarded #1 Best-In-State Bank, Louisiana, by Forbes and Statista and is a multiyear winner of American Banker’s “Best Banks to Work For.
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Managing Director, Head of Equity Capital MarketsContact Greg Gersack
Managing Director, Equity Capital MarketsContact Lozan Aleksandrov
Managing Director, FIG GroupContact John Schramm