Business First Bancshares, Inc. (BFST) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 01, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 26.62% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
33M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

BFST currently has 32.6M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 26.62% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 01, 2026

10-Q filing | 32.6M shares outstanding

33M 0
Aug 05, 2025

10-Q filing | 29.6M shares outstanding

30M 0
May 02, 2025

10-Q filing | 29.5M shares outstanding

30M 0
Mar 07, 2025

10-K filing | 29.6M shares outstanding

30M 0
Oct 31, 2024

10-Q filing | 29.5M shares outstanding

30M 0
Jul 31, 2024

10-Q filing | 25.4M shares outstanding

25M 0
May 28, 2024

S-3 filing: Business First Bancshares, Inc. files an S-3 to offer common stock, preferred stock, subscription rights, debt securities, depositary shares, purchase contracts, and purchase units up to a maximum aggregate initial public offering price of $180,000,000.

25M 0
May 02, 2024

10-Q filing | 25.4M shares outstanding

25M 0
Apr 25, 2024

8-K filing: Business First Bancshares, Inc. and Oakwood Bancshares, Inc. entered into an Agreement and Plan of Reorganization for BFST to acquire Oakwood through a merger, where each share of Oakwood common stock will be converted into the right to receive 0.5112 shares of BFST common stock, subject to adjustments.

25M 0
Mar 01, 2024

10-K filing | 25.3M shares outstanding

25M 0
Nov 02, 2023

10-Q filing | 25.3M shares outstanding

25M 0
Aug 03, 2023

10-Q filing | 25.3M shares outstanding

25M 0
May 04, 2023

10-Q filing | 25.2M shares outstanding

25M 0
Mar 02, 2023

10-K filing | 22.8M shares outstanding

23M 0
Nov 03, 2022

10-Q filing | 2.6M shares outstanding

2.6M 18M
Oct 17, 2022

8-K filing: Business First Bancshares, Inc. completed a public offering of 2,500,000 shares of common stock at $20.00 per share, resulting in net proceeds of approximately $46,750,000, which will be used for general corporate purposes. ($50.0M proceeds)

23M 0
Aug 04, 2022

10-Q filing | 22.7M shares outstanding

23M 0
May 04, 2022

10-Q filing | 21.2M shares outstanding

21M 0
Mar 01, 2022

10-K filing | 20.5M shares outstanding

21M 240K
Nov 04, 2021

10-Q filing | 20.4M shares outstanding

20M 350K
Aug 05, 2021

10-Q filing | 20.7M shares outstanding

21M 31K
May 28, 2021

S-3 filing: Business First Bancshares, Inc. files an S-3 form to register a shelf offering of common stock, preferred stock, subscription rights, debt securities, depositary shares, purchase contracts, and purchase units, with a total proposed amount of $150,000,000.

21M 0
May 06, 2021

10-Q filing | 20.7M shares outstanding

21M 0
Mar 05, 2021

10-K filing | 20.6M shares outstanding

21M 0
Nov 06, 2020

10-Q filing | 20.7M shares outstanding

21M 0
Aug 07, 2020

10-Q filing | 20.7M shares outstanding

21M 0
May 08, 2020

10-Q filing | 13.3M shares outstanding

13M 0
Mar 12, 2020

10-K filing | 13.3M shares outstanding

13M 0
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