BFST Q1 2026 Earnings Call Transcript

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DATE

Monday, April 27, 2026 astatine 5 p.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — David Melville

• President — Gregory Robertson

• Chief Financial Officer — Matthew Sealy

Full Conference Call Transcript

David Melville: Okay. Thanks, Matt. Good morning, and convey you for joining america today. We cognize determination are plentifulness of things you each could beryllium doing connected a Monday greeting successful a satellite situation arsenic analyzable arsenic the 1 successful which we find ourselves, and we admit you choosing to walk this clip with us. This was 1 of, if not the best, archetypal quarters that we person had arsenic a company. We proceed to amended earnings, fortify superior levels and amended prime of our liquidity posture portion consummating our 2nd worldly acquisition successful the past 3 years and making a fig of nonacquisitive investments that volition wage disconnected implicit the people of the adjacent fewer years.

A item for the 4th was the summation of a important fig of caller teammates. As I conscionable mentioned, we closed the Progressive transaction connected January 1. In equilibrium expanse terms, the acquisition adds implicit $700 cardinal successful assets and 9 branches crossed North Louisiana, deepening our footprint successful an country successful which we are already a marketplace leader. Asset prime of the acquired portfolio is stellar arsenic is the constitution of the expanded lawsuit base.

On a precise promising note, since we announced the acquisition, operation connected the Meta information halfway task successful Northeast Louisiana has accelerated and been expanded, and we expect tens of billions of dollars of backstage concern successful a portion successful which we are arsenic good situated to seizure the benefits arsenic immoderate fiscal institution, ample oregon small. The morale among our erstwhile Progressive teammates is high, and the moving concern is disconnected to a creaseless commencement arsenic immoderate acquisition that we've had the grant to enactment in, which bodes good for our quality to run arsenic 1 squad implicit the people of this year, adjacent earlier conversion is executed. We besides added a worldly fig of bankers organically.

In our past call, I mentioned the summation of Jon Heine, our caller marketplace President successful Houston, erstwhile Market President from Veritex Bank. To date, Jon has attracted an further 11 teammates, including 7 accumulation officers, the bulk of which are besides erstwhile Veritex bankers. Also successful Houston, we are honored to adhd Ben Marmande to pb our firm banking activities successful Texas. Ben was a long-time banker for IBERIA and past First Horizon, serving successful enactment capacities crossed South Louisiana, and for the past 5 years arsenic President of the FHN Financial's Houston market.