Business First Bancshares, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds (a) Not applicable. (b) Not applicable. (c) On October 28, 2025, our board of directors approved a stock repurchase program which authorized Business First to repurchase shares of its common stock with an aggregate purchase price of up to $30.0 million from time to time, subject to certain limitations and conditions. The stock repurchase program became effective immediately and will continue until October 28, 2027. The stock repurchase program does not obligate Business First to repurchase any shares of its common stock. Business First repurchased 99,105 shares for $2.7 million under the 2025 stock repurchase program between January 1, 2026 and March 31, 2026. Period Total number of shares purchased Average price paid per share Total number of shares purchased as part of publicly announced plans or programs Maximum number (or approx. dollar value) of shares yet to be purchased under the plan (in thousands) January 1 through January 31, 2026 — $ — — $ 26,269 February 1 through February 28, 2026 61,656 27.80 61,656 24,555 March 1 through March 31, 2026 37,449 27.67 37,449 23,519 TOTAL 99,105 $ 27.75 99,105 $ 23,519 Item 3. Defaults upon Senior Securities Not applicable. Item 4. Mine Safety Disclosures Not applicable.