Business First Bancshares Management

Management criteria checks 3/4

Business First Bancshares' CEO is Jude Melville, appointed in Mar 2011, has a tenure of 13.67 years. total yearly compensation is $2.40M, comprised of 28.8% salary and 71.2% bonuses, including company stock and options. directly owns 0.75% of the company’s shares, worth €6.05M. The average tenure of the management team and the board of directors is 4.3 years and 12.5 years respectively.

Key information

Jude Melville

Chief executive officer

US$2.4m

Total compensation

CEO salary percentage	28.8%
CEO tenure	13.7yrs
CEO ownership	0.8%
Management average tenure	4.3yrs
Board average tenure	12.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jude Melville's remuneration changed compared to Business First Bancshares's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$59m
Jun 30 2024	n/a	n/a	US$62m
Mar 31 2024	n/a	n/a	US$64m
Dec 31 2023	US$2m	US$690k	US$66m
Sep 30 2023	n/a	n/a	US$68m
Jun 30 2023	n/a	n/a	US$62m
Mar 31 2023	n/a	n/a	US$58m
Dec 31 2022	US$2m	US$663k	US$53m
Sep 30 2022	n/a	n/a	US$48m
Jun 30 2022	n/a	n/a	US$45m
Mar 31 2022	n/a	n/a	US$49m
Dec 31 2021	US$2m	US$613k	US$52m
Sep 30 2021	n/a	n/a	US$54m
Jun 30 2021	n/a	n/a	US$53m
Mar 31 2021	n/a	n/a	US$38m
Dec 31 2020	US$2m	US$538k	US$30m
Sep 30 2020	n/a	n/a	US$22m
Jun 30 2020	n/a	n/a	US$18m
Mar 31 2020	n/a	n/a	US$23m
Dec 31 2019	US$1m	US$490k	US$24m
Sep 30 2019	n/a	n/a	US$21m
Jun 30 2019	n/a	n/a	US$20m
Mar 31 2019	n/a	n/a	US$17m
Dec 31 2018	US$1m	US$460k	US$14m
Sep 30 2018	n/a	n/a	US$10m
Jun 30 2018	n/a	n/a	US$8m
Mar 31 2018	n/a	n/a	US$6m
Dec 31 2017	US$802k	US$416k	US$5m

Compensation vs Market: Jude's total compensation ($USD2.40M) is above average for companies of similar size in the German market ($USD1.46M).

Compensation vs Earnings: Jude's compensation has been consistent with company performance over the past year.

CEO

Jude Melville (49 yo)

13.7yrs

Tenure

US$2,397,380

Compensation

Mr. David R. Melville, III, also known as Jude, has been the Chief Executive Officer and Director at b1Bank and Business First Bancshares, Inc. since March 2011 and serves as their Chairman since July 2024...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Melville	Chairman	13.7yrs	US$2.40m	0.75% € 6.1m
Gregory Robertson	Executive VP	7.8yrs	US$987.00k	0.25% € 2.0m
Keith Mansfield	Executive VP & COO	7.8yrs	US$968.56k	0.28% € 2.3m
Norman Vascocu	Executive VP & Chief Administrative Officer	2yrs	US$1.09m	0.090% € 728.2k
Philip Jordan	Executive VP & Chief Banking Officer	no data	US$1.01m	0.26% € 2.1m
Saundra Strong	Executive VP	2.9yrs	US$720.35k	0.038% € 307.8k
Margaret Lee	Executive VP	5.3yrs	no data	no data
Kathryn Manning	Executive VP & Chief Risk Officer	2.5yrs	no data	0.061% € 488.4k
Jesse Jackson	Executive Vice President of Financial Institutions Group	4.8yrs	no data	0.089% € 719.0k
Warren McDonald	Executive VP & Chief Credit Officer	3.8yrs	no data	0.056% € 451.3k
Donald Carter	Executive VP & Correspondent Banking	less than a year	no data	0.058% € 470.1k
Whitney Dees	Assistant Secretary	no data	no data	no data

4.3yrs

Average Tenure

48.5yo

Average Age

Experienced Management: 828's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Melville	Chairman	13.7yrs	US$2.40m	0.75% € 6.1m
Kenneth Smith	Independent Director	12.5yrs	US$63.00k	0.18% € 1.4m
James Buquet	Independent Director	4.5yrs	US$60.00k	0.13% € 1.0m
Mark Folse	Director	4.5yrs	US$67.75k	0.21% € 1.7m
Rolfe McCollister	Lead Independent Director	19.3yrs	US$57.00k	0.33% € 2.7m
Andrew McLindon	Independent Director	12.5yrs	US$59.00k	0.14% € 1.1m
Patrick Mockler	Independent Director	12.5yrs	US$63.75k	0.061% € 492.6k
David Montgomery	Independent Director	12.5yrs	US$69.00k	0.045% € 361.7k
Arthur Price	Independent Director	12.5yrs	US$64.75k	0.036% € 291.1k
Steven White	Independent Director	12.5yrs	US$64.00k	0.15% € 1.2m
Joseph Johnson	Independent Director	4.5yrs	US$59.00k	0.99% € 8.0m
Ricky Day	Independent Director	4.5yrs	US$56.00k	0.89% € 7.2m

12.5yrs

Average Tenure

59.5yo

Average Age

Experienced Board: 828's board of directors are seasoned and experienced ( 12.5 years average tenure).

Business First Bancshares Management

Management criteria checks 3/4

Key information

Recent management updates

Independent Director recently sold €386k worth of stock

Independent Director recently sold €386k worth of stock

William G. Hall Joins the Boards of Directors of Business First Bancshares, Inc

Director recently sold €163k worth of stock

Business First Bancshares, Inc. and b1BANK Announce the Appointment of Zeenat Sidi to Board of Directors

Director recently sold €942k worth of stock

Recent updates

Independent Director recently sold €386k worth of stock

Investor sentiment improves as stock rises 18%

Third quarter dividend of US$0.14 announced

Independent Director recently sold €386k worth of stock

Third quarter 2024 earnings released: EPS: US$0.65 (vs US$0.76 in 3Q 2023)

New minor risk - Shareholder dilution

Business First Bancshares, Inc. (NasdaqGS:BFST) completed the acquisition of Oakwood Bancshares, Inc. from Commerce Street Financial Partners II, LP, managed by Commerce Street Holdings, Investment Arm and Others.

William G. Hall Joins the Boards of Directors of Business First Bancshares, Inc

Director recently sold €163k worth of stock

Business First Bancshares, Inc. and b1BANK Announce the Appointment of Zeenat Sidi to Board of Directors

Investor sentiment deteriorates as stock falls 17%

Second quarter dividend of US$0.14 announced

Director recently sold €942k worth of stock

Business First Bancshares, Inc. Announces Management Appointments

Second quarter 2024 earnings released: EPS: US$0.62 (vs US$0.73 in 2Q 2023)

Business First Bancshares, Inc. Announces Quarterly Common Dividend, Payable on August 31, 2024

Business First Bancshares, Inc. to Report Q2, 2024 Results on Jul 25, 2024

First quarter dividend of US$0.14 announced

Business First Bancshares, Inc. (NasdaqGS:BFST) entered into a definitive agreement to acquire Oakwood Bancshares, Inc. for $87.6 million.

First quarter 2024 earnings released: EPS: US$0.48 (vs US$0.55 in 1Q 2023)

Business First Bancshares, Inc. (NasdaqGS:BFST) entered into a definitive agreement to acquire Oakwood Bancshares, Inc.

Business First Bancshares, Inc., Annual General Meeting, May 23, 2024

Business First Bancshares, Inc., Annual General Meeting, May 23, 2024

Business First Bancshares, Inc. to Report Q1, 2024 Results on Apr 25, 2024

Executive VP & Chief Credit Officer recently sold €107k worth of stock

Full year 2023 earnings released: EPS: US$2.62 (vs US$2.34 in FY 2022)

Upcoming dividend of US$0.14 per share at 2.6% yield

Fourth quarter dividend of US$0.14 announced

Full year 2023 earnings released: EPS: US$2.59 (vs US$2.34 in FY 2022)

Business First Bancshares, Inc. and B1bank Appoints Aimee Quirk as A Director

Business First Bancshares, Inc. and b1Bank Announces Resignation of Drew C. Brees to Board of Directors

Business First Bancshares, Inc. and b1Bank Announces Resignation of Drew C. Brees to Board of Directors

Third quarter 2023 earnings released: EPS: US$0.75 (vs US$0.61 in 3Q 2022)

Business First Bancshares, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Investor sentiment improves as stock rises 24%

Second quarter 2023 earnings released: EPS: US$0.73 (vs US$0.61 in 2Q 2022)

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age