Jul. 7 at 8:57 PM
$BFST makes strategic move with
$82.6M Progressive Bancorp acquisition - expands Louisiana dominance and adds
$752M in assets. Deal structure shows confidence with price-protected exchange ratio (6.63 shares per). At 10.6 P/E, market seems skeptical - but this scales operations while maintaining conservative 0.5 debt/equity. Execution risk exists, but this is textbook regional bank consolidation play.
https://www.sec.gov/Archives/edgar/data/1624322/000143774925022269/bfbi20250703_8k.htm