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STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\nFORM 10-Q\n\n \n\n(Mark One)\n\n \n\n☒\n\nQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the quarterly period ended\n\nMarch 31, 2026\n\n \n\n \n\nOR\n\n \n\n \n\n \n\n☐\n\nTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the transition period from ____________ to __________\n\nCommission file number 333-236022\n\n \n\nBANCPLUS CORPORATION\n\n(Exact name of registrant as specified in its charter)\n\n \n\n \n\n \n\nMississippi\n\n \n\n64-0655312\n\n(State or other jurisdiction of\n\nincorporation or organization)\n\n \n\n(I.R.S. Employer\n\nIdentification Number)\n\n1068 Highland Colony Parkway\n\nRidgeland, Mississippi 39157\n\n(601) 898-8300\n\n(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nTitle of each class\n\n \n\nTrading Symbol\n\n \n\nName of each exchange on which registered\n\nNone\n\n \n\nN/A\n\n \n\nN/A\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of \"large accelerated filer,\" \"accelerated filer,\" \"smaller reporting company\" and \"emerging growth company\" in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated filer\n\n☐\n\n \n\nAccelerated filer\n\n☐\n\nNon-accelerated filer\n\n☒\n\n \n\nSmaller reporting company\n\n☐\n\n \n\n \n\n \n\nEmerging growth company\n\n☐\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒\n\nShares of the registrant’s Common Stock, par value $1.00 per share, issued and outstanding as of April 30, 2026: 11,732,898\n\n \n\n \n\nBANCPLUS CORPORATION\n\nFORM 10-Q\n\nFor the Quarter Ended March 31, 2026\n\nINDEX\n\n \n\n \n\nPage\n\nNumber\n\n \n\n \n\n[PART I – FINANCIAL INFORMATION](#part_i_financial_information)\n\n2\n\n \n\n \n\n[Item 1. Financial Statements (Unaudited):](#item_1_financial_statements)\n\n2\n\n \n\n \n\n[Consolidated Balance Sheets at March 31, 2026 (unaudited) and December 31, 2025](#consolidated_balance_sheets)\n\n2\n\nConsolidated Statements of Income for the three months ended March 31, 2026 and 2025 (unaudited)\n\n3\n\n[Consolidated Statements of Comprehensive Income for the three months ended March 31, 2026 and 2025 (unaudited)](#consolidated_statements_of_comp_income)\n\n4\n\n[Consolidated Statements of Changes in Shareholders’ Equity for the three months ended March 31, 2026 and 2025 (unaudited)](#consolidated_stmt_of_changes_in_equity)\n\n5\n\n[Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 2025 (unaudited)](#consolidated_statements_of_cash_flows)\n\n6\n\n \n\n \n\n[Condensed Notes to the Consolidated Financial Statements (unaudited)](#notes_to_consolidated_fin_statements)\n\n8\n\n \n\n \n\n[Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations](#mda)\n\n28\n\n \n\n \n\n[Cautionary Statement Regarding Forward-Looking Statements](#cautionary_stmt_regarding_fwd_stmt)\n\n28\n\n \n\n \n\n[Item 3. Quantitative and Qualitative Disclosures about Market Risk](#item_3_qualitative_and_quantitative_disc)\n\n48\n\n \n\n \n\n[Item 4. Controls and Procedures](#item_4_controls_and_procedures)\n\n49\n\n \n\n \n\n[PART II – OTHER INFORMATION](#part_ii_other_information)\n\n50\n\n \n\n \n\n[Item 1. Legal Proceedings](#item_1_legal_proceedings)\n\n50\n\n \n\n \n\n[Item 1A. Risk Factors](#item_1a_risk_factors)\n\n50\n\n \n\n \n\n[Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](#item_2_unregistered_sales_of_equity_sec)\n\n50\n\n \n\n \n\n[Item 3. Defaults Upon Senior Securities](#item_3_defaults_upon_senior)\n\n50\n\n \n\n \n\n[Item 4. Mine Safety Disclosures](#item_4_mine_safety_disclosures)\n\n50\n\n \n\n \n\n[Item 5. Other Information](#item_5_other_information)\n\n50\n\n \n\n \n\n[Item 6. Exhibits](#item_6_exhibits)\n\n51\n\n \n\n \n\n[SIGNATURE PAGE](#signatures)\n\n52\n\n \n\n1\n\n \n\nPART I – FINANCIAL INFORMATION"}