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Business First Bancshares Valuation Multiples
Discover revenue and EBITDA valuation multiples for Business First Bancshares and similar public comparables like Esquire Bank, Nabil Invest, Heritage Financial, HBT Financial and more.
Business First Bancshares Overview
About Business First Bancshares
Business First Bancshares Inc is a bank holding company. The company's services include personal and commercial banking, treasury management, and wealth solutions. It provides a range of financial services to small-to-midsized businesses and professionals. The company generates majority of its revenues from interest income on loans, customer service and loan fees, and interest income from securities.
Founded
2006
HQ

Employees
872
Website
Sectors
Financials (LTM)
EV
$1B
Business First Bancshares Financials
Business First Bancshares reported last 12-month revenue of $337M.
In the same LTM period, Business First Bancshares generated $85M in net income.
Revenue (LTM)
Business First Bancshares P&L
In the most recent fiscal year, Business First Bancshares reported revenue of $325M and net income of $88M.
Business First Bancshares expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $337M | XXX | $325M | XXX | XXX | XXX |
| EBIT Margin | 35% | XXX | 34% | XXX | XXX | XXX |
| Net Profit | $85M | XXX | $88M | XXX | XXX | XXX |
| Net Margin | 25% | XXX | 27% | XXX | XXX | XXX |
| Net Debt | — | — | $118M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Business First Bancshares Stock Performance
Business First Bancshares has current market cap of $883M, and enterprise value of $1B.
Market Cap Evolution
Business First Bancshares' stock price is $27.00.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $883M | 0.0% | XXX | XXX | XXX | $2.69 |
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Start Free TrialBusiness First Bancshares Valuation Multiples
Business First Bancshares trades at 4.3x EV/Revenue multiple.
EV / Revenue (LTM)
Business First Bancshares Financial Valuation Multiples
As of March 31, 2026, Business First Bancshares has market cap of $883M and EV of $1B.
Equity research analysts estimate Business First Bancshares' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Business First Bancshares has a P/E ratio of 10.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $883M | XXX | $883M | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 4.3x | XXX | 4.5x | XXX | XXX | XXX |
| EV/EBIT | 12.5x | XXX | 13.0x | XXX | XXX | XXX |
| P/E | 10.4x | XXX | 10.1x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 15.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Business First Bancshares Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Business First Bancshares Margins & Growth Rates
Business First Bancshares' revenue in the last 12 month grew by 12%.
Business First Bancshares' revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.
Business First Bancshares Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | 15% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 2% | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 36% | XXX | XXX | XXX |
| Opex to Revenue | 61% | XXX | 61% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Business First Bancshares Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Esquire Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Nabil Invest | XXX | XXX | XXX | XXX | XXX | XXX |
| Heritage Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| HBT Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| Mercantile Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Business First Bancshares M&A Activity
Business First Bancshares acquired XXX companies to date.
Last acquisition by Business First Bancshares was on XXXXXXXX, XXXXX. Business First Bancshares acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Business First Bancshares
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialBusiness First Bancshares Investment Activity
Business First Bancshares invested in XXX companies to date.
Business First Bancshares made its latest investment on XXXXXXXX, XXXXX. Business First Bancshares invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Business First Bancshares
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Business First Bancshares
| When was Business First Bancshares founded? | Business First Bancshares was founded in 2006. |
| Where is Business First Bancshares headquartered? | Business First Bancshares is headquartered in United States. |
| How many employees does Business First Bancshares have? | As of today, Business First Bancshares has over 872 employees. |
| Who is the CEO of Business First Bancshares? | Business First Bancshares' CEO is David R. Melville. |
| Is Business First Bancshares publicly listed? | Yes, Business First Bancshares is a public company listed on Nasdaq. |
| What is the stock symbol of Business First Bancshares? | Business First Bancshares trades under BFST ticker. |
| When did Business First Bancshares go public? | Business First Bancshares went public in 2018. |
| Who are competitors of Business First Bancshares? | Business First Bancshares main competitors are Esquire Bank, Nabil Invest, Heritage Financial, HBT Financial. |
| What is the current market cap of Business First Bancshares? | Business First Bancshares' current market cap is $883M. |
| What is the current revenue of Business First Bancshares? | Business First Bancshares' last 12 months revenue is $337M. |
| What is the current revenue growth of Business First Bancshares? | Business First Bancshares revenue growth (NTM/LTM) is 12%. |
| What is the current EV/Revenue multiple of Business First Bancshares? | Current revenue multiple of Business First Bancshares is 4.3x. |
| Is Business First Bancshares profitable? | Yes, Business First Bancshares is net-income-positive (as of the last 12 months). |
| What is the current net income of Business First Bancshares? | Business First Bancshares' last 12 months net income is $85M. |
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