Business First Bancshares, Inc. | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.


Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

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Financial Advisor

Business First Bancshares, Inc.

$25 Million 12/17/2018 Depository Complete
Public Companies
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Transaction Details

  • Business First Bancshares, Inc. (“Business First”) (NASDAQ: BFST), the holding company for Business First Bank, today announced the completion of a private placement of $25 million of subordinated notes due December 31, 2033 to an affiliate of EJF Capital LLC
  • The subordinated notes will bear interest, beginning on December 17, 2018, at an annual rate of 6.75% until December 17, 2028
  • For the remainder of the term of the subordinated notes, which mature on December 31, 2033, the subordinated notes bear interest at a floating rate, reset quarterly, equal to 3-month LIBOR plus 369 basis point
  • The subordinated notes have been structured to qualify as Tier 2 capital for Business First for regulatory capital purposes

About the company

Business First Bancshares, Inc., through its banking subsidiary Business First Bank, operates 27 offices, including 26 full-service banking centers, in markets across Louisiana and Texas. Business First Bank provides commercial and personal banking, treasury management, and wealth solutions services to small to midsize businesses and their owners and employees. Visit for more information.

Sources: Company Documents.
  1. (1)As of September 30, 2018. Total Assets, Net Loans and Deposits are proforma for the acquisition of Richland State Bank which closed on November 30, 2018, excluding purchase accounting adjustments

    This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.