HIGHBuilt-inGeographic
Louisiana, Dallas/Fort Worth, and Houston
“10-K Item 1A: 'We conduct our operations exclusively in the state of Louisiana, in the Dallas/Fort Worth metroplex and Houston.'”
BFST · Concentration risk · 10-K extracted
Business First Bancshares (BFST) concentration risks
Updated
The most significant concentration Business First Bancshares discloses is Louisiana, Dallas/Fort Worth, and Houston, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Source: Business First Bancshares’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH1
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Business First Bancshares discloses a single, defining concentration: the company conducts its operations exclusively in the state of Louisiana, and in the Dallas/Fort Worth metroplex and Houston. This is a high-share, structural exposure — not a counterparty or idiosyncratic risk, but a direct function of the bank's footprint, meaning its loan performance, deposit base, and growth prospects are tied entirely to economic conditions in these three markets rather than a nationally diversified base. With no other disclosed customer, supplier, or product concentration in the filing, this geographic footprint is effectively the whole lens through which to evaluate the business: a downturn concentrated in Louisiana or in the Texas markets where the bank operates would have an outsized effect on results precisely because there is no other region to offset it. For an educated investor, the verdict on Business First Bancshares is, in practice, a bet on the relative economic health of Louisiana alongside the Dallas/Fort Worth and Houston metro areas specifically, rather than a broader national or macro thesis.
For the engine’s reasoning on BFST’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Banks - Regional
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AMAL | Amalgamated Financial Corp. | 2 | 1 | 0 | 3 |
| ACNB | ACNB Corporation | 1 | 1 | 0 | 2 |
| ALRS | Alerus Financial Corporation | 1 | 1 | 0 | 2 |
| BFST● | Business First Bancshares, Inc. | 1 | 0 | 0 | 1 |
| AMTB | Amerant Bancorp Inc. | 0 | 1 | 1 | 2 |
| ABCB | Ameris Bancorp | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.