On this page of Benford's Law Stocks.com we present our study of Business First Bancshares, Inc. — ticker symbol BFST. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 8/7/2020 to 5/2/2025 for Business First Bancshares, Inc. under CIK number 0001624322. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for BFST, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for Business First Bancshares, Inc. based on the past BFST filings our system processed in the past.
25.0
18.6
10.8
9.3
12.0
7.1
6.5
5.3
5.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing ]
Total numbers found: 1,348
Recent share count: 29,572,297 (2's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
1348
High count compared to other filers, with BFST falling in the highest quartile of filers. At this number count, it would take about 13 numbers to move any given column by a full percentage point.
82

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 1's percentage was below the typical coverage universe range.
 • The 5's percentage was higher than the 4's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 5's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 5's percentage was above the company's typical historical range.
Benford's Law Stocks Indicator
BFST
Normal-to-high score compared to other filers, falling within the top of the middle 50%.
ZWS
ATRO
CDNA
CLRO
AMKR
BATRA
BOKF
CLNE
Check our work! We provide our Business First Bancshares, Inc. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the BFST filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 337 numbers that start with the digit 1. Here they are:
117,422
197,669
1,282
117,950
117,645
121,691
121,572
16,538
17,252
18,149
1,308,312
1,357,045
19,046
1,000
1
102,992
1,075
1,074
113,693
1,186
1
1
1,256
139
13,226
13,725
11,749
17,209
13,570
1,350
1,350
19,193
12,220
13,570
12,872
14
1
1
1,353
10,154
13,570
13,570
18.75
1,350
1,350
14
133
1,064
1,197
10,154
10,154
18.75
1,350
1,350
14
1,585
1,605
13,570
1,186
1,438
1,153
1,605
1,197
1
1
1,064
1,627
1,876
1,994
10,911
13,932
16,287
1,121
1,311
1,067
155
162,154
1,678
1,350
1,350
106,698
114,347
185,906
16,539
12,873
14
1,353
101,990
10
1,819
103,819
102,691
15,996
16,020
16,105
17,082
1.6
146.9
13,570
1,350
1,350
19,193
12,220
17,616
16,860
10,141
1,181
1,552
17,631
16,675
10,164
16,860
16,860
140
113,544
1,985
155,067
16,675
16,675
132
151,443
188,945
192,443
181,372
1,862,176
1,868,675
12.0
12.6
15,667
1,648
138
1,046
1,216
17,764
1,311
1,765
11
130
188
1,181
1,768
19,532
17,676
10,424
1,420
14
1,180
1,422
10,509
15,667
1,546
177
1,372
181
1,311
1,765
17,432
12,261
11,777
11,791
11,012
102,715
172,096
164,430
11,288
15,059
133
15,506
115,499
145,267
1,305
151,733
1
1,763
13,053
13,053
104,479
105,787
1,546
179,502
166
179,892
189,244
101
109,840
110
110,772
116
1,663
1,663
10,192
101
1,145
157,745
1,952
16
162,060
177,291
1,433
1,586
109
180,419
1,816,209
15,584
125
1,862,176
10,356
10,362
16
14
15
1,923
125
17
146,165
1,198
1,648
15,271
135
147,800
1,853
150,288
195
176,301
181,375
1,937
14
154
1,990
175
175
102,618
175
103,037
1,179
1,200
12
145,072
145,277
1
133,993
1,122
141,519
111,452
167
1,091
112,710
1
1,385
1,611
178,248
1,684
182,494
100,096
103,551
10,771
1,828,485
13,911
1,868,675
12,084
12,092
18
1,183
1,243
137
1,774
107,963
1,402
11,220
19,967
1,423
10,240
15,642
1,839,883
1,862,176
102
135
15,730
10,026
1,700
11,019
1,683
12,809
1,075
17,490
1,851,185
1,868,675
177
138
19,937
18,326
15,950
17,426
163
158
10.0
1.2
1.7
1.6
1,858
1,776
1,937
1,994
1,291
1,145
1,125
1,013
1,257
13,725
11,749
1.5
1.3
1.4
16,860
16,860
12,509
16,675
16,675
12,500
1,250
12,500
1,504
12,509
1
12,509
10
1,282
1,282
117,950
117,950
117,950
1,050,858
117,645
117,645
117,645
1,025,529
1.4
We found 251 numbers that start with the digit 2. Here they are:
29,694,986
25,289
29,591
20,181
22,621
29,572,297
29,552,358
29,572
29,552
276,045
260,958
2,812
2,860
2,439
29,497
25,416
25,819
20,543
20,543
2,719
25,352
216,115
25,485
224,742
29,552
260,958
20,543
20,543
20
29,572
276,045
20,543
2,812
298
24
286
2,131
2,040
2,194
28,726
24,333
21,640
2,338
238
246
226,110
2,719
25.67
22,189
2.3
2.0
20,543
29,329,668
25,127,187
216,253
29,545,921
25,429,194
2,679
299,987
25,048
274,970
23
29,092
284,383
26,583
2,539
2,679
231,000
24,604
263,115
25,048
2,569
28,894
2,906
240,768
28,406
274,008
29,092
2,472,121
2,483,223
23,460
2
225
2,454
23,325
228
26
2
217
28
23,542
233
2,603
263
2,261
297
2,392
236
2,460
2,345
23,460
206
23
22
235
228
26
23,688
2,505
286,146
204,334
25,788
230,255
2,913
2
2,274
2,328,640
27,141
2,472,121
2
213,237
213,637
2,069
2
221
237,923
240,290
224
227
203,879
232
225
207
255,401
260,016
231,083
245,171
239
2,347
266
291
2,014
27,706
27,831
2
24,501
24,518
268
223,301
22,051
245,487
2
270
2,383,439
23,548
2,483,223
263
203,537
203,939
2,886
2,188
278
26,646
26,660
23,696
25,840
2,261
225
2
244
228,784
231,171
205
2
234
204
251
297
223
286,436
2,301
290,122
235,534
245,616
2,562
276
2,526
2,671
25,979
2,195
2,244
22,352
22,416
24,474
24,611
2,392
24.1
2,452,154
2,472,121
235
20,600
22,293
2,473,197
2,483,223
2,631
25,511
240
262
2,806
20,745
24,147
29.7
20.3
23.3
25.0
25.0
25.0
25.0
25.0
25.0
25.0
25.0
25.0
25.0
25.0
20.0
20.0
2,148
294
229
2,177
2,579
279
282
290
250
2.3
29,793
274,970
249,225
25,745
284,383
259,666
24,717
20,847
2,339
24,717
25,745
25,745
2
2.3
We found 146 numbers that start with the digit 3. Here they are:
312,887
319,098
33,741
35,872
317,352
355,875
3,436
38,029
3,639
30,697
397,447
3,593
3,593
398,511
319
350
3,899
3,279
3,000
389
3,961
323,960
3,575
38,523
300,000
3,593
319,098
312,887
38,852
3.3
3,973,134
3,973,134
30,165
302,007
340
39,606
31
348
3,038
313,452
35,991
331,076
37,621
39,606
32,115
33,156
3,038
3,618
341,347
33,240
32,372
31,864
344,890
321,123
386,214
385.4
3.0
3
3,000
358
3,688
3
306
3,500
374
329
3,390
3,324
393
3
364
358
3,688
3,512
3,529
312,493
383,732
391,702
37,507
37,507
397
3
323
376,532
381,227
3,470
30,258
3,914
3,914
32
3,987
300,564
315,835
3,522
396
3,436
3
315
367
367
3,163
399,093
300
322
322
300
32
33
31
369
35.9
3,687
35,894
34
36,377
303
3,035
3,621
35,915
3.1
3.4
30.9
300.0
317.4
355.9
3.92
3.72
3.57
30.0
3,236
311
340
3,968
3,341
3.81
33,791
3,998
3.5
3.7
34,769
38,254
32,665
37,217
3,729
38,254
37,217
4's 5's 6's
We found 126 numbers that start with the digit 4. Here they are:
40,947
41,100
4,525
4,465
42,439
47,710
44,480
42,522
49
48
4,106
4,106
409
4,106
40,204
42,992
49
48
463
49,617
47,278
47,855
45,165
47,125
463
463
444,620
444
4,262
43,507
492,790
47,125
4,436
417,868
402.4
4.1
4.9
4,040,176
4,038,258
40,414
4,013
45,329
42,407
4,898
463
49,120
480
400
46,997
48,760
49,198
4,488
4,678
4,002
497
40,646
400,133
470
406,464
4,779
480
402
46
4,308
403,624
459
41
4,646
4,664
427
49
4
40
45
45
4,264
4,417
4,004,282
4,040,176
4,600
482
4,012,747
4,038,258
482
48
487
43,488
4,705
4.38
4.88
4.89
4.65
4.56
4.13
4.84
4.78
4.73
4.69
4.38
4.38
404
4,513
4,944
4,153
49.9
47,278
45,165
476
430,309
430,309
430,309
40,947
40,947
40,947
430,309
434,100
431,891
431,891
431,891
41,100
41,100
41,100
483,256
465,834
465,834
465,834
We found 162 numbers that start with the digit 5. Here they are:
50,589
50,835
56,863
54,840
5,924,056
5,926,559
5,529
5,149,869
5,154,286
5,000
5,000
5,356
5,969
57,068
5,000,000
50,000,000
501,609
500,024
52,844
5,271
51,531
50,345
5,357
50,578
5,276
5,049
5,049
5,049
500,024
501,609
52,844
513
509
578
590
50,074
503
52,774
5,331
540.6
571,787
576
584,321
542
537,738
576
576
5,980,919
5,981,399
56,863
54,840
5,924,056
5,926,559
515
54,840
553
5
508
54
514
530
56,863
52
558
5,485
5,673
515
515
54,840
541
58,528
519
519
5,006
5,023
53,136
51,874
5,161
51,362
51,781
52,178
5,653
5
5
522,520
5,673
537,545
5,912
5,926
553
5,759,354
5,980,919
5,861
5
508,370
520,557
50,813
51,488
586
54,990
55,386
555
546,947
560,389
5,816,019
56,015
5,981,399
5,673
5.6
5,060
5,214
5,687
5,116
5,767
5,533
5,688
515
58,871
5,922,048
5,980,919
5,635
594
5,174
5,937,911
5,981,399
5,251
52.5
52
55.0
579
591
525
546
5,735
5,491
50.0
571,787
571,787
537,738
537,738
5,000
5,529
5,529
50,589
50,589
50,589
5,924,056
5,831,741
5,831,741
5,910,942
516,767
516,767
516,767
50,835
50,835
50,835
5,926,559
5,832,326
5,832,326
516,767
5,910,643
51.2
We found 96 numbers that start with the digit 6. Here they are:
6,458,181
6,511,331
60,779
6,958,416
62,998
6,190
6,451
65,983
63,171
6,809
65
65
6,417
66,585
644,259
649,034
62,998
634
63
630
613
60,158
6,370
6,211
6,416
687,456
679,000
65
65
610,212
68,552
615,197
65,983
68,552
686
637,272
633,698
670,502
6
671
6,211
60,363
6,596
69,381
65,196
66,170
66,170
624,894
649,334
621,702
6,343
633,698
6,394
64
6
6
635
6,557
658,364
670,502
69,222
6,170
629
60
64
628,011
633,698
684
6,764
6,688
6,894
663,608
670,502
6,348
630,000
60.0
630
6,809
68,853
68,853
62,138
62,138
67,667
67,667
6,458,181
6,455,852
6,455,852
6,892,281
6,887,743
6,455,852
6,511,331
6,513,709
6,513,709
6,994,587
6,979,543
6,513,709
7's 8's 9's
We found 88 numbers that start with the digit 7. Here they are:
717
7,784,728
7,857,090
7,057,624
72,010
71,930
71,930
799,466
7,784,728
7,857,090
7,356
71,930
71,930
71,634
71,930
799,466
71,930
7,603
7,663
713
71,761
700.2
741.3
7,640
742,347
781,618
73,654
756
756
756
770,264
76,351
78,567
74,466
7.8
739.6
747.0
7,162
7,392
7,162
7,528
714,244
770,293
7,507
77,715
78,521
78,800
79,021
78,299
78,567
74,202
752,449
793,095
75,385
70,101
73
76
707
77
7,118
7,151
74,097
74,466
707
77,883
78,567
786
7,674
73,979
74,466
7,273
7,078
7.0
751
739
717
717
7,968
782
70,135
70,135
7,484,424
7,392,109
717
717
717
7,547,172
7,452,939
We found 72 numbers that start with the digit 8. Here they are:
893,549
81,582
81,953
826,312
85,947
8,521
826,312
808
80,247
863.6
855,272
8.4
80,787
893,549
826,217
80,787
884,533
832,000
8,036
865
8,410
86
892
8,036
8,473
8,394
8,093
841
841
806
816
8
8,014
822
865
851
851
86,505
87,091
86,514
8,702
80,126
80,351
8
871,634
884,533
8,471
81,809
82,557
8
84
860,000
84
8,591
875,942
884,533
8,741
860
8,039
89
875,000
808
866
8,955
882,319
894,266
857,049
882,319
893,549
893,549
856,332
8.00
We found 70 numbers that start with the digit 9. Here they are:
987,573
973,423
920,573
92,702
99,760
96,011
9,111
9,386
94,879
97,008
9,364
9,678
987,573
920,573
956
9,588
973,423
913
9,678
9,678
9,408
956
956
9,588
9,588
987,573
920,573
934,357
958,000
98
9,033
9,339
986
975
975
99,234
9,904
95
985
914,504
9,429
934,357
95,637
95,738
9,410
9,352
91
9
9
90,036
9
9,485
97
986
924,117
934,357
9,527
963
9,111
900
935
9,678
9,678
920,573
9,588
9,588
9,938
9
920,573
920,573
While the above BFST 10Q Filed 5/2/2025 is interesting in isolation, we have found that it is also useful to take a look at older Business First Bancshares, Inc. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 5/2/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical BFST 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

25.0
18.6
10.8
9.3
12.0
7.1
6.5
5.3
5.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL?   [ original filing ]
Total numbers found: 1,348

= Typical BFST range from 8/7/2020 to 5/2/2025
25.3
18.0
13.5
9.8
8.0
9.5
6.5
4.7
4.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 84
XBRL?   [ original filing ]
Total numbers found: 1,437

= Typical BFST range from 8/7/2020 to 5/2/2025
22.4
18.6
15.0
11.8
9.2
7.5
5.8
4.9
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL?   [ original filing ]
Total numbers found: 1,335

= Typical BFST range from 8/7/2020 to 5/2/2025
28.1
17.8
12.4
11.5
9.7
5.2
5.7
4.9
4.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL?   [ original filing ]
Total numbers found: 1,975

= Typical BFST range from 8/7/2020 to 5/2/2025
28.2
16.4
16.5
11.5
7.8
5.0
4.6
5.5
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 80
XBRL?   [ original filing ]
Total numbers found: 1,150

= Typical BFST range from 8/7/2020 to 5/2/2025
24.7
21.0
13.4
10.1
6.9
7.2
5.8
5.4
5.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL?   [ original filing ]
Total numbers found: 1,352

= Typical BFST range from 8/7/2020 to 5/2/2025
29.0
19.5
14.1
10.8
9.2
5.2
3.2
3.5
5.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 85
XBRL?   [ original filing ]
Total numbers found: 1,295

= Typical BFST range from 8/7/2020 to 5/2/2025
24.6
19.4
11.0
10.1
9.8
7.8
7.1
5.6
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL?   [ original filing ]
Total numbers found: 2,192

= Typical BFST range from 8/7/2020 to 5/2/2025
26.1
16.2
13.5
9.7
8.9
9.0
6.3
5.4
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL?   [ original filing ]
Total numbers found: 1,294

= Typical BFST range from 8/7/2020 to 5/2/2025
23.0
19.8
14.1
12.4
8.9
7.4
5.9
4.0
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL?   [ original filing ]
Total numbers found: 1,330

= Typical BFST range from 8/7/2020 to 5/2/2025
26.7
16.9
13.0
12.1
9.2
6.4
5.9
6.2
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL?   [ original filing ]
Total numbers found: 1,334

= Typical BFST range from 8/7/2020 to 5/2/2025
28.9
19.4
12.3
9.9
9.0
5.6
4.4
4.8
5.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL?   [ original filing ]
Total numbers found: 1,888

= Typical BFST range from 8/7/2020 to 5/2/2025
24.5
17.7
15.1
11.9
8.4
6.6
5.6
3.1
7.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 73
XBRL?   [ original filing ]
Total numbers found: 1,202

= Typical BFST range from 8/7/2020 to 5/2/2025
28.2
20.0
13.6
11.1
9.2
6.7
3.3
3.3
4.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL?   [ original filing ]
Total numbers found: 1,256

= Typical BFST range from 8/7/2020 to 5/2/2025
24.8
19.0
12.9
10.8
8.9
9.1
5.4
4.2
4.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 80
XBRL?   [ original filing ]
Total numbers found: 1,444

= Typical BFST range from 8/7/2020 to 5/2/2025
25.8
18.3
12.5
10.9
9.9
7.6
6.0
4.3
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL?   [ original filing ]
Total numbers found: 2,001

= Typical BFST range from 8/7/2020 to 5/2/2025
23.8
17.6
15.3
13.1
9.2
7.0
4.5
4.5
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL?   [ original filing ]
Total numbers found: 1,187

= Typical BFST range from 8/7/2020 to 5/2/2025
25.6
18.6
12.6
11.3
8.7
6.4
4.6
7.2
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL?   [ original filing ]
Total numbers found: 1,301

= Typical BFST range from 8/7/2020 to 5/2/2025
28.2
18.2
13.8
11.3
8.0
5.6
3.4
4.8
6.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 74
XBRL?   [ original filing ]
Total numbers found: 1,367

= Typical BFST range from 8/7/2020 to 5/2/2025
30.1
20.6
12.7
9.3
7.9
6.1
3.9
4.4
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 89
XBRL?   [ original filing ]
Total numbers found: 1,832

= Typical BFST range from 8/7/2020 to 5/2/2025
 

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