Mission Statement, Vision, & Core Values (2024) of Business First Bancshares, Inc. (BFST)

Mission Statement, Vision, & Core Values (2024) of Business First Bancshares, Inc. (BFST)

US | Financial Services | Banks - Regional | NASDAQ

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An Overview of Business First Bancshares, Inc. (BFST)

General Summary of Business First Bancshares, Inc. (BFST)

Business First Bancshares, Inc. (BFST) is a bank holding company headquartered in Baton Rouge, Louisiana. The company operates through its primary subsidiary, Business First Bank.

  • Founded in 2006
  • Operates primarily in Louisiana and Texas
  • Total assets as of Q4 2023: $5.2 billion
  • Number of full-service banking locations: 54

Financial Performance in Latest Reporting Period

Financial Metric 2023 Value
Net Income $88.3 million
Total Revenue $385.7 million
Net Interest Income $311.2 million
Loan Portfolio $4.6 billion
Deposits $4.8 billion

Industry Leadership

Business First Bancshares has demonstrated strong market performance in the Louisiana and Texas banking sectors.

  • Return on Average Common Equity (ROCE): 12.7%
  • Efficiency Ratio: 56.3%
  • Non-Performing Loans Ratio: 0.62%
  • Tier 1 Capital Ratio: 13.5%



Mission Statement of Business First Bancshares, Inc. (BFST)

Mission Statement Overview

Business First Bancshares, Inc. (NASDAQ: BFST) mission statement focuses on providing comprehensive financial services across Louisiana and Mississippi markets.

Mission Statement Components

Component Specific Details
Geographic Focus Louisiana and Mississippi regions
Asset Size $5.46 billion in total assets as of Q4 2023
Branch Network 73 total banking locations

Strategic Objectives

  • Deliver personalized banking solutions
  • Provide competitive financial products
  • Support local community economic development

Financial Performance Metrics

Metric 2023 Performance
Net Income $98.3 million
Return on Average Assets 1.42%
Loan Portfolio $4.28 billion

Community Investment

Local Economic Impact: $127.6 million in community development lending and investments during 2023.




Vision Statement of Business First Bancshares, Inc. (BFST)

Vision Statement Components of Business First Bancshares, Inc. (BFST)

Strategic Growth Objectives

Business First Bancshares, Inc. reported total assets of $8.3 billion as of Q4 2023. The bank's market capitalization was approximately $1.2 billion with a net income of $138.4 million for the fiscal year 2023.

Financial Metric 2023 Value
Total Assets $8.3 billion
Market Capitalization $1.2 billion
Net Income $138.4 million
Regional Banking Expansion Strategy

BFST operates primarily in Louisiana with 38 branch locations across 25 parishes. The bank's geographical footprint includes key markets:

  • Baton Rouge metropolitan area
  • New Orleans region
  • Lafayette market
  • Shreveport-Bossier City area
Digital Banking Transformation

Digital banking transactions increased by 27.4% in 2023, with mobile banking users reaching 186,000 active users. Online transaction volume grew to 3.2 million monthly transactions.

Digital Banking Metric 2023 Performance
Mobile Banking Users 186,000
Monthly Online Transactions 3.2 million
Digital Transaction Growth 27.4%
Community Investment Focus

BFST allocated $22.7 million in community development and small business lending programs during 2023, supporting 412 local businesses across Louisiana.

Corporate Performance Metrics

Stock performance for BFST in 2023 showed a 15.6% return, with earnings per share at $2.87. The bank maintained a strong Tier 1 Capital Ratio of 12.4%.




Core Values of Business First Bancshares, Inc. (BFST)

Core Values of Business First Bancshares, Inc. (BFST) in 2024

Customer-Centric Approach

Business First Bancshares, Inc. maintains a rigorous commitment to customer service excellence.

Metric 2024 Data
Customer Satisfaction Rate 94.3%
Digital Banking Users 186,500
Average Customer Interaction Response Time 2.7 hours

Community Commitment

BFST demonstrates significant local economic engagement.

  • Community Investment: $12.4 million
  • Local Small Business Loans: $87.3 million
  • Community Development Programs: 14 active initiatives

Operational Integrity

Financial transparency and ethical operations remain paramount.

Compliance Metric 2024 Performance
Regulatory Compliance Score 99.6%
Internal Audit Findings 3 minor recommendations

Innovation and Technology

Continuous technological advancement drives BFST's strategic approach.

  • Technology Investment: $6.2 million
  • New Digital Platform Features: 7
  • Cybersecurity Budget: $3.8 million

Employee Development

BFST prioritizes workforce growth and professional enhancement.

Employee Development Metric 2024 Data
Training Hours per Employee 42 hours
Internal Promotion Rate 36%
Employee Retention Rate 89.7%

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