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BayFirst Financial (BAFN) Financials

BayFirst Financial logo
$6.24 +0.07 (+1.13%)
Closing price 04:00 PM Eastern
Extended Trading
$6.28 +0.04 (+0.64%)
As of 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for BayFirst Financial

Annual Income Statements for BayFirst Financial

This table shows BayFirst Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 12 24 -1.18 4.74 11 -24
Consolidated Net Income / (Loss)		 13 25 -0.35 5.70 13 -23
Net Income / (Loss) Continuing Operations		 14 9.03 5.48 5.92 13 -23
Total Pre-Tax Income 		16 12 7.04 8.03 17 -31
Total Revenue		 133 58 62 86 98 64
Net Interest Income / (Expense)		 33 37 30 36 38 46
Total Interest Income		 44 44 39 69 83 86
Loans and Leases Interest Income		 43 43 36 63 79 81
Deposits and Money Market Investments Interest Income		 0.64 0.57 2.07 5.33 3.98 4.55
Total Interest Expense		 10 7.30 8.57 32 45 40
Deposits Interest Expense		 7.49 4.89 7.84 31 43 38
Long-Term Debt Interest Expense		 2.79 2.42 0.72 1.29 1.91 2.27
Total Non-Interest Income		 98 22 32 50 60 18
Other Service Charges		 96 3.77 5.07 9.48 11 7.75
Net Realized & Unrealized Capital Gains on Investments		 3.31 18 26 40 50 11
Provision for Credit Losses		 17 -3.50 -0.70 10 15 25
Total Non-Interest Expense		 98 50 55 68 67 70
Salaries and Employee Benefits		 70 28 30 37 36 29
Net Occupancy & Equipment Expense		 8.87 8.50 8.82 10 12 14
Marketing Expense		 5.32 4.41 4.89 5.51 4.24 3.09
Other Operating Expenses		 14 9.27 12 15 15 17
Restructuring Charge		 - - - - 0.00 7.28
Income Tax Expense		 3.08 2.69 1.56 2.12 4.32 -7.89
Net Income / (Loss) Discontinued Operations		 - 16 -5.83 -0.21 -0.07 0.00
Preferred Stock Dividends Declared		 0.86 1.01 0.83 0.97 1.54 1.54
Basic Earnings per Share		 $3.45 $6.21 ($0.29) $1.16 $2.68 ($5.93)
Weighted Average Basic Shares Outstanding		 - 4.01M 4.10M 4.13M 4.15M 4.11M
Diluted Earnings per Share		 $3.01 $5.91 ($0.22) $1.12 $2.62 ($5.93)
Weighted Average Diluted Shares Outstanding		 - 4.01M 4.10M 4.13M 4.15M 4.11M
Weighted Average Basic & Diluted Shares Outstanding		 - 4.01M 4.10M 4.13M 4.15M 4.11M
Cash Dividends to Common per Share		 $0.27 $0.28 $0.32 $0.32 - $0.16

Quarterly Income Statements for BayFirst Financial

This table shows BayFirst Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 1.72 1.31 0.44 0.48 0.75 9.39 -0.72 -1.62 -19 -2.85 -6.07
Consolidated Net Income / (Loss)		 1.92 1.66 0.82 0.87 1.14 9.78 -0.34 -1.24 -19 -2.46 -5.68
Net Income / (Loss) Continuing Operations		 1.97 1.66 0.88 0.88 1.14 9.78 -0.34 -1.24 -19 -2.46 -5.68
Total Pre-Tax Income 		2.64 2.37 1.18 1.23 1.54 13 -0.46 -1.65 -26 -2.82 -7.63
Total Revenue		 23 24 23 21 22 33 20 23 10 11 10
Net Interest Income / (Expense)		 8.39 8.88 8.74 9.18 9.45 11 11 12 11 11 9.45
Total Interest Income		 18 19 19 20 21 22 21 23 22 21 17
Loans and Leases Interest Income		 16 18 18 19 20 21 20 21 21 19 16
Deposits and Money Market Investments Interest Income		 1.59 1.14 0.96 1.01 1.00 1.01 0.93 1.05 0.95 1.62 1.51
Total Interest Expense		 9.23 9.98 10 11 12 11 9.69 10 10 9.79 7.99
Deposits Interest Expense		 9.06 9.72 10 10 12 11 9.43 9.28 9.58 9.45 7.89
Long-Term Debt Interest Expense		 0.17 0.26 0.23 0.80 0.38 0.50 0.26 0.88 0.80 0.34 0.10
Total Non-Interest Income		 15 15 14 12 12 22 8.75 11 -1.05 -0.10 0.88
Other Service Charges		 3.00 3.02 2.87 2.86 2.71 2.28 2.18 2.22 1.87 1.49 1.50
Net Realized & Unrealized Capital Gains on Investments		 12 12 11 8.80 9.56 20 6.57 8.58 2.18 -6.69 -0.62
Provision for Credit Losses		 3.00 2.74 4.06 3.00 3.12 4.55 4.40 7.26 11 2.01 3.08
Total Non-Interest Expense		 17 18 18 17 17 15 16 18 25 12 15
Salaries and Employee Benefits		 9.32 9.66 9.58 8.49 9.02 8.43 8.07 8.38 8.17 4.67 5.36
Net Occupancy & Equipment Expense		 2.79 2.57 2.67 2.92 3.04 2.97 3.68 3.66 3.57 3.02 2.86
Marketing Expense		 1.47 1.15 1.19 1.09 1.13 0.84 1.10 0.87 0.63 0.49 0.33
Other Operating Expenses		 3.85 5.09 4.34 4.11 3.88 3.11 2.96 4.63 5.59 3.67 6.35
Income Tax Expense		 0.67 0.70 0.30 0.35 0.40 3.27 -0.13 -0.41 -6.99 -0.36 -1.95
Preferred Stock Dividends Declared		 0.21 0.34 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39
Basic Earnings per Share		 $0.42 $0.32 $0.11 $0.12 $0.18 $2.27 ($0.17) ($0.39) ($4.66) ($0.71) ($1.48)
Weighted Average Basic Shares Outstanding		 4.11M 4.13M 4.13M 4.13M 4.13M 4.15M 4.13M 4.13M 4.11M 4.11M 4.11M
Diluted Earnings per Share		 $0.41 $0.29 $0.11 $0.12 $0.18 $2.21 ($0.17) ($0.39) ($4.66) ($0.71) ($1.48)
Weighted Average Diluted Shares Outstanding		 4.11M 4.13M 4.13M 4.13M 4.13M 4.15M 4.13M 4.13M 4.11M 4.11M 4.11M
Weighted Average Basic & Diluted Shares Outstanding		 4.11M 4.13M 4.13M 4.13M 4.13M 4.15M 4.13M 4.13M 4.11M 4.11M 4.11M

Annual Cash Flow Statements for BayFirst Financial

This table details how cash moves in and out of BayFirst Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -55 54 -44 -7.66 19 129
Net Cash From Operating Activities		 -108 495 440 455 391 285
Net Cash From Continuing Operating Activities		 -111 10 335 455 391 285
Net Income / (Loss) Continuing Operations		 13 25 -0.70 5.92 13 -23
Consolidated Net Income / (Loss)		 13 25 5.13 5.70 13 -23
Net Income / (Loss) Discontinued Operations		 - - -5.83 -0.21 -0.07 0.00
Provision For Loan Losses		 17 - -0.70 10 15 25
Depreciation Expense		 1.41 1.34 1.72 2.25 2.46 2.19
Amortization Expense		 -23 1.11 -1.10 -2.07 1.15 4.35
Non-Cash Adjustments to Reconcile Net Income		 -115 -14 328 446 356 282
Changes in Operating Assets and Liabilities, net		 -4.29 -2.56 1.02 -6.86 3.88 -5.36
Net Cash From Discontinued Operating Activities		 - - 106 -0.39 -0.34 0.00
Net Cash From Investing Activities		 -933 208 -511 -641 -516 -195
Net Cash From Continuing Investing Activities		 -933 -45 -511 -641 -516 -195
Purchase of Property, Leasehold Improvements and Equipment		 -899 -13 -8.06 -7.58 -1.69 -0.30
Purchase of Investment Securities		 -34 -33 -505 -643 -542 -211
Sale of Property, Leasehold Improvements and Equipment		 0.00 - - 0.00 15 0.00
Sale and/or Maturity of Investments		 0.00 1.68 2.86 9.73 13 16
Net Cash From Financing Activities		 986 -649 27 179 145 39
Net Cash From Continuing Financing Activities		 986 -649 27 179 145 39
Net Change in Deposits		 110 163 73 190 158 41
Issuance of Common Equity		 0.92 1.85 0.51 0.29 -0.02 0.05
Repayment of Debt		 -11 -818 -70 -0.51 -10 -0.34
Repurchase of Common Equity		 - 0.00 -0.05 -0.01 0.00 -0.34
Payment of Dividends		 -1.78 -2.06 -2.12 -2.28 -2.86 -1.43
Other Financing Activities, Net		 0.24 - 0.06 -0.19 0.05 0.19
Cash Interest Paid		 8.50 8.97 8.19 32 45 40
Cash Income Taxes Paid		 9.75 10 0.25 0.10 0.01 5.30

Quarterly Cash Flow Statements for BayFirst Financial

This table details how cash moves in and out of BayFirst Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 8.85 -54 -0.88 3.27 3.61 13 -15 14 41 88 -73
Net Cash From Operating Activities		 135 127 124 79 91 97 74 63 47 101 -3.21
Net Cash From Continuing Operating Activities		 135 127 124 79 91 97 74 63 47 101 -3.21
Net Income / (Loss) Continuing Operations		 1.97 1.66 1.65 0.11 1.14 9.78 -0.34 -0.90 -19 -2.46 -5.68
Consolidated Net Income / (Loss)		 1.92 1.66 1.71 -0.02 1.14 9.78 -0.34 -0.90 -19 -2.46 -5.68
Provision For Loan Losses		 3.00 2.74 4.06 3.00 3.12 4.55 4.40 7.26 11 2.01 3.08
Depreciation Expense		 0.62 0.50 0.55 0.63 0.67 0.62 0.55 0.56 0.55 0.53 0.52
Amortization Expense		 -1.11 1.17 -1.16 0.74 0.47 1.10 1.19 1.02 1.13 1.00 0.61
Non-Cash Adjustments to Reconcile Net Income		 130 123 123 76 78 79 70 61 55 98 -4.69
Changes in Operating Assets and Liabilities, net		 0.54 -1.36 -3.52 -2.23 7.25 2.38 -1.23 -4.99 -1.05 1.91 2.97
Net Cash From Investing Activities		 -170 -163 -151 -150 -111 -104 -93 -104 -24 26 29
Net Cash From Continuing Investing Activities		 -170 -163 -151 -150 -111 -104 -93 -104 -24 26 29
Purchase of Property, Leasehold Improvements and Equipment		 -0.46 -1.38 -1.00 -0.39 -0.32 0.02 -0.07 -0.19 -0.01 -0.02 -0.01
Purchase of Investment Securities		 -174 -163 -153 -154 -114 -121 -96 -114 -25 24 28
Sale and/or Maturity of Investments		 3.68 1.93 2.86 4.66 3.38 1.79 3.48 10 0.83 1.92 0.70
Other Investing Activities, net		 - - - - - - 0.00 - - - 0.06
Net Cash From Financing Activities		 44 -19 26 74 24 20 3.87 55 18 -38 -98
Net Cash From Continuing Financing Activities		 44 -19 26 74 24 20 3.87 55 18 -38 -98
Net Change in Deposits		 73 -33 22 35 70 31 -15 36 7.66 12 -98
Issuance of Common Equity		 0.04 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.00 0.03 0.03 0.02
Repayment of Debt		 -0.11 -0.11 -0.11 -0.11 -0.11 -10 20 -0.11 -0.11 - -0.11
Repurchase of Common Equity		 -0.00 - 0.00 - - - -0.34 - - - 0.00
Payment of Dividends		 -0.54 -0.67 -0.72 -0.72 -0.72 -0.72 -0.72 -0.72 - - 0.00
Cash Interest Paid		 9.17 9.73 9.73 12 12 11 9.67 10 10 9.74 8.17
Cash Income Taxes Paid		 - 0.10 0.01 -0.00 - - 0.00 5.30 - - 0.00

Annual Balance Sheets for BayFirst Financial

This table presents BayFirst Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,545 917 939 1,118 1,288 1,300
Cash and Due from Banks		 2.79 2.87 3.65 4.10 4.50 5.12
Interest Bearing Deposits at Other Banks		 53 107 62 54 73 202
Trading Account Securities		 0.04 34 46 44 43 34
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 811 990 888
Loans and Leases		 - - - 824 1,006 910
Allowance for Loan and Lease Losses		 - - - 13 16 22
Premises and Equipment, Net		 18 29 35 39 33 31
Other Assets		 1,260 741 786 161 141 140
Total Liabilities & Shareholders' Equity		 1,545 917 939 1,118 1,288 1,300
Total Liabilities		 1,474 821 847 1,017 1,177 1,213
Non-Interest Bearing Deposits		 63 84 93 94 102 96
Interest Bearing Deposits		 496 638 702 891 1,041 1,088
Accrued Interest Payable		 2.00 0.33 0.70 0.88 1.04 1.13
Long-Term Debt		 9.70 9.28 34 18 7.89 7.56
Other Long-Term Liabilities		 22 20 17 13 25 20
Total Equity & Noncontrolling Interests		 71 96 92 101 111 88
Total Preferred & Common Equity		 71 96 92 101 111 88
Preferred Stock		 15 9.28 9.28 16 16 16
Total Common Equity		 56 87 83 85 95 72
Common Stock		 43 51 53 55 55 54
Retained Earnings		 13 36 33 34 44 20
Accumulated Other Comprehensive Income / (Loss)		 0.00 -0.42 -3.72 -2.98 -2.96 -1.96
Other Equity Adjustments		 -0.04 -0.02 -0.18 -0.96 -0.75 -0.34

Quarterly Balance Sheets for BayFirst Financial

This table presents BayFirst Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1,134 1,144 1,218 1,245 1,292 1,344 1,346 1,196
Cash and Due from Banks		 4.50 4.43 4.23 4.71 6.52 6.14 5.19 6.85
Interest Bearing Deposits at Other Banks		 108 53 57 60 57 71 113 128
Trading Account Securities		 46 48 46 45 44 39 39 36
Loans and Leases, Net of Allowance		 781 0.00 0.00 942 1,010 1,018 912 858
Loans and Leases		 - - - 956 1,027 1,035 937 879
Allowance for Loan and Lease Losses		 - - - 14 17 17 24 21
Premises and Equipment, Net		 38 39 39 39 33 32 32 31
Other Assets		 150 994 1,070 152 139 176 149 137
Total Liabilities & Shareholders' Equity		 1,134 1,144 1,218 1,245 1,292 1,344 1,346 1,196
Total Liabilities		 1,040 1,044 1,117 1,143 1,182 1,236 1,256 1,114
Non-Interest Bearing Deposits		 98 97 94 96 106 110 106 111
Interest Bearing Deposits		 920 910 948 1,016 1,022 1,054 1,066 974
Accrued Interest Payable		 0.63 1.60 1.17 1.11 1.05 1.15 1.08 0.96
Long-Term Debt		 8.45 23 63 18 28 48 58 7.58
Other Long-Term Liabilities		 13 11 10 11 25 23 26 20
Total Equity & Noncontrolling Interests		 94 101 101 102 110 108 90 82
Total Preferred & Common Equity		 94 101 101 102 110 108 90 82
Preferred Stock		 11 16 16 16 16 16 16 16
Total Common Equity		 83 85 85 87 94 92 74 66
Common Stock		 55 55 55 55 55 55 55 54
Retained Earnings		 33 35 35 35 43 41 22 14
Accumulated Other Comprehensive Income / (Loss)		 -3.62 -3.19 -3.11 -2.31 -2.38 -2.37 -2.07 -2.05
Other Equity Adjustments		 -1.24 -1.19 -1.08 -0.98 -1.01 -1.01 -0.54 -0.28

Annual Metrics And Ratios for BayFirst Financial

This table displays calculated financial ratios and metrics derived from BayFirst Financial's official financial filings.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 3,974,067.00 4,037,895.00 4,110,650.00 4,132,986.00 4,110,003.00
DEI Adjusted Shares Outstanding		 0.00 3,974,067.00 4,037,895.00 4,110,650.00 4,132,986.00 4,110,003.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 6.19 -0.09 1.39 3.05 -5.58
Growth Metrics		 - - - - - -
Revenue Growth		 0.00% -55.95% 5.22% 40.03% 14.28% -34.84%
EBITDA Growth		 0.00% 478.05% -46.00% 7.24% 150.95% -217.93%
EBIT Growth		 0.00% -32.76% -39.95% 14.15% 111.44% -281.49%
NOPAT Growth		 0.00% -28.92% -39.33% 7.98% 114.24% -270.30%
Net Income Growth		 0.00% 93.80% -101.42% 1,733.81% 121.03% -282.00%
EPS Growth		 0.00% 96.35% -103.72% 609.09% 133.93% -326.34%
Operating Cash Flow Growth		 0.00% 559.45% -11.13% 3.30% -14.13% -26.95%
Free Cash Flow Firm Growth		 0.00% 0.00% -93.09% -77.10% 2.52% -83.69%
Invested Capital Growth		 0.00% -81.79% -28.25% -5.31% -0.20% -19.94%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 8.28% 10.50% -25.42%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 1.48% 108.62% -194.80%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -4.97% 169.46% -106.08%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% -7.10% 178.08% -106.08%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 6.20% 181.19% -114.40%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -0.89% 274.29% -97.01%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -32.26% -6.10% -7.09% 1.09%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 198.35% 105.62%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 16.01% -1.23% -35.41%
Profitability Metrics		 - - - - - -
EBITDA Margin		 -2.82% 24.23% 12.44% 9.53% 20.92% -37.86%
EBIT Margin		 13.13% 20.03% 11.43% 9.32% 17.25% -48.04%
Profit (Net Income) Margin		 9.57% 42.08% -0.57% 6.62% 12.80% -35.74%
Tax Burden Percent		 80.51% 210.05% -4.96% 70.97% 74.19% 74.40%
Interest Burden Percent		 90.52% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 19.49% 22.96% 22.17% 26.38% 25.40% 0.00%
Return on Invested Capital (ROIC)		 1.32% 1.59% 3.64% 4.83% 10.66% -20.18%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.32% 4.80% -6.69% 4.02% 10.13% -37.73%
Return on Net Nonoperating Assets (RNNOA)		 16.55% 27.83% -4.01% 1.09% 1.26% -2.94%
Return on Equity (ROE)		 17.87% 29.42% -0.37% 5.92% 11.91% -23.11%
Cash Return on Invested Capital (CROIC)		 0.00% 139.96% 36.54% 10.29% 10.85% 1.97%
Operating Return on Assets (OROA)		 1.13% 0.95% 0.76% 0.78% 1.41% -2.38%
Return on Assets (ROA)		 0.82% 2.00% -0.04% 0.55% 1.05% -1.77%
Return on Common Equity (ROCE)		 14.18% 25.21% -0.33% 5.15% 10.14% -19.45%
Return on Equity Simple (ROE_SIMPLE)		 17.87% 25.57% -0.38% 5.66% 11.36% -26.19%
Net Operating Profit after Tax (NOPAT)		 13 9.03 5.48 5.92 13 -22
NOPAT Margin		 9.57% 15.43% 8.90% 6.86% 12.87% -33.63%
Net Nonoperating Expense Percent (NNEP)		 0.00% -3.21% 10.33% 0.82% 0.53% 17.56%
SG&A Expenses to Revenue		 63.76% 70.10% 70.72% 61.01% 52.12% 72.14%
Operating Expenses to Revenue		 74.15% 85.95% 89.70% 78.56% 67.80% 109.73%
Earnings before Interest and Taxes (EBIT)		 17 12 7.04 8.03 17 -31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -3.75 14 7.66 8.21 21 -24
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.79 0.61 0.44 0.34
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.79 0.61 0.44 0.34
Price to Revenue (P/Rev)		 0.00 0.00 1.06 0.60 0.42 0.38
Price to Earnings (P/E)		 0.00 0.00 0.00 10.99 3.77 0.00
Dividend Yield		 0.00% 0.00% 1.99% 2.53% 3.17% 5.33%
Earnings Yield		 0.00% 0.00% 0.00% 9.10% 26.55% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.30 0.19 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.61 0.27 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 4.87 2.81 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 5.30 2.87 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 6.81 3.90 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.08 0.05 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.68 1.83 0.00 0.00
Leverage & Solvency		 - - - - - -
Debt to Equity		 12.54 0.82 0.37 0.18 0.07 0.09
Long-Term Debt to Equity		 0.14 0.10 0.37 0.18 0.07 0.09
Financial Leverage		 12.54 5.80 0.60 0.27 0.12 0.08
Leverage Ratio		 21.74 14.71 9.86 10.68 11.37 13.04
Compound Leverage Factor		 19.68 14.71 9.86 10.68 11.37 13.04
Debt to Total Capital		 92.61% 45.05% 26.91% 15.40% 6.64% 7.94%
Short-Term Debt to Total Capital		 91.60% 39.75% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 1.01% 5.30% 26.91% 15.40% 6.64% 7.94%
Preferred Equity to Total Capital		 1.53% 5.30% 7.38% 13.21% 13.24% 16.54%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 5.86% 49.65% 65.70% 71.38% 80.12% 75.52%
Debt to EBITDA		 -237.59 5.57 4.42 2.23 0.38 -0.31
Net Debt to EBITDA		 -222.19 -2.34 -4.84 -5.44 -3.50 8.21
Long-Term Debt to EBITDA		 -2.59 0.65 4.42 2.23 0.38 -0.31
Debt to NOPAT		 70.14 8.74 6.18 3.10 0.62 -0.35
Net Debt to NOPAT		 65.59 -3.67 -6.77 -7.56 -5.70 9.24
Long-Term Debt to NOPAT		 0.76 1.03 6.18 3.10 0.62 -0.35
Noncontrolling Interest Sharing Ratio		 20.65% 14.32% 9.87% 12.99% 14.87% 15.85%
Liquidity Ratios		 - - - - - -
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 796 55 13 13 2.11
Operating Cash Flow to CapEx		 -11.99% 3,777.26% 5,459.46% 5,998.38% 0.00% 95,098.33%
Free Cash Flow to Firm to Interest Expense		 0.00 109.02 6.42 0.39 0.29 0.05
Operating Cash Flow to Interest Expense		 -10.49 67.86 51.40 14.17 8.72 7.13
Operating Cash Flow Less CapEx to Interest Expense		 -97.97 66.06 50.45 13.94 9.01 7.12
Efficiency Ratios		 - - - - - -
Asset Turnover		 0.09 0.05 0.07 0.08 0.08 0.05
Fixed Asset Turnover		 7.33 2.48 1.91 2.32 2.73 1.99
Capital & Investment Metrics		 - - - - - -
Invested Capital		 962 175 126 119 119 95
Invested Capital Turnover		 0.14 0.10 0.41 0.70 0.83 0.60
Increase / (Decrease) in Invested Capital		 0.00 -787 -50 -6.68 -0.24 -24
Enterprise Value (EV)		 0.00 0.00 37 23 -15 -159
Market Capitalization		 0.00 0.00 65 52 42 25
Book Value per Share		 $0.00 $21.68 $20.46 $20.67 $23.03 $17.48
Tangible Book Value per Share		 $0.00 $21.68 $20.46 $20.67 $23.03 $17.48
Total Capital		 962 175 126 119 119 95
Total Debt		 891 79 34 18 7.89 7.56
Total Long-Term Debt		 9.70 9.28 34 18 7.89 7.56
Net Debt		 833 -33 -37 -45 -72 -199
Capital Expenditures (CapEx)		 899 13 8.06 7.58 -13 0.30
Net Nonoperating Expense (NNE)		 0.00 -16 5.83 0.21 0.07 1.36
Net Nonoperating Obligations (NNO)		 891 79 34 18 7.89 7.56
Total Depreciation and Amortization (D&A)		 -21 2.46 0.62 0.18 3.62 6.53
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $6.21 ($0.29) $1.16 $2.68 ($5.93)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 4.01M 4.10M 4.13M 4.15M 4.11M
Adjusted Diluted Earnings per Share		 $0.00 $5.74 ($0.22) $1.12 $2.62 ($5.93)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 4.01M 4.10M 4.13M 4.15M 4.11M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 4.01M 4.10M 4.13M 4.15M 4.11M
Normalized Net Operating Profit after Tax (NOPAT)		 13 9.03 5.48 5.92 13 -16
Normalized NOPAT Margin		 9.57% 15.43% 8.90% 6.86% 12.87% -25.68%
Pre Tax Income Margin		 11.88% 20.03% 11.43% 9.32% 17.25% -48.04%
Debt Service Ratios		 - - - - - -
EBIT to Interest Expense		 1.70 1.61 0.82 0.25 0.38 -0.77
NOPAT to Interest Expense		 1.24 1.24 0.64 0.18 0.28 -0.54
EBIT Less CapEx to Interest Expense		 -85.78 -0.19 -0.12 0.01 0.67 -0.78
NOPAT Less CapEx to Interest Expense		 -86.24 -0.56 -0.30 -0.05 0.57 -0.55
Payout Ratios		 - - - - - -
Dividend Payout Ratio		 14.00% 8.37% -607.16% 39.95% 22.72% -6.25%
Augmented Payout Ratio		 14.00% 8.37% -621.20% 40.18% 22.72% -7.71%

Quarterly Metrics And Ratios for BayFirst Financial

This table displays calculated financial ratios and metrics derived from BayFirst Financial's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 4,103,834.00 4,110,650.00 4,134,964.00 4,134,459.00 4,134,219.00 4,132,986.00 4,147,334.00 4,129,027.00 4,133,637.00 4,110,003.00 4,108,072.00
DEI Adjusted Shares Outstanding		 4,103,834.00 4,110,650.00 4,134,964.00 4,134,459.00 4,134,219.00 4,132,986.00 4,147,334.00 4,129,027.00 4,133,637.00 4,110,003.00 4,108,072.00
DEI Earnings Per Adjusted Shares Outstanding		 0.47 0.40 0.20 0.21 0.28 2.37 -0.08 -0.30 -4.57 -0.60 -1.38
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 21.60% 38.81% 24.37% -1.00% -5.86% 39.72% -14.17% 11.08% -52.88% -66.43% -47.68%
EBITDA Growth		 -39.15% 3.06% -40.85% 146.49% 24.05% 265.59% 123.08% -102.69% -1,007.91% -108.73% -609.87%
EBIT Growth		 -34.97% -15.08% 2.79% -34.77% -41.94% 451.71% -139.27% -234.61% -1,787.04% -121.63% -1,548.16%
NOPAT Growth		 -36.10% -21.39% 1.85% -38.18% -42.28% 488.56% -136.70% -231.77% -1,694.30% -120.21% -1,548.16%
Net Income Growth		 237.16% 25.19% 11.50% -37.47% -40.87% 490.69% -140.66% -242.84% -1,762.45% -125.19% -1,595.52%
EPS Growth		 217.14% -3.33% -15.38% -58.62% -56.10% 662.07% -254.55% -425.00% -2,688.89% -132.13% -770.59%
Operating Cash Flow Growth		 4.03% -18.85% 89.45% -38.12% -32.78% -23.41% -39.97% -19.63% -47.89% 3.15% -104.32%
Free Cash Flow Firm Growth		 121.64% 0.00% 100.89% -337.33% -161.41% 20.09% -1,412.37% 120.95% -172.71% 116.87% 400.57%
Invested Capital Growth		 -19.57% -5.31% -0.17% 26.58% 17.23% -0.20% 11.31% -4.99% 22.43% -19.94% -35.12%
Revenue Q/Q Growth		 9.63% 2.15% -2.37% -9.45% 4.25% 51.60% -40.02% 17.18% -55.78% 8.01% -6.52%
EBITDA Q/Q Growth		 103.98% 87.86% -85.84% 354.20% 2.66% 453.66% -91.36% -105.49% -34,491.43% 94.68% -404.73%
EBIT Q/Q Growth		 40.79% -10.55% -50.15% 3.90% 25.31% 750.03% -103.55% -256.16% -1,470.41% 89.10% -170.41%
NOPAT Q/Q Growth		 39.03% -15.69% -46.84% -0.79% 29.79% 759.81% -103.32% -256.16% -1,470.41% 89.10% -170.41%
Net Income Q/Q Growth		 38.84% -13.94% -50.21% 5.10% 31.29% 759.81% -103.43% -269.25% -1,428.05% 86.97% -130.61%
EPS Q/Q Growth		 41.38% -29.27% -62.07% 9.09% 50.00% 1,127.78% -107.69% -129.41% -1,094.87% 84.76% -108.45%
Operating Cash Flow Q/Q Growth		 6.12% -5.78% -2.92% -36.25% 15.28% 7.36% -23.90% -14.66% -25.26% 112.51% -103.19%
Free Cash Flow Firm Q/Q Growth		 90.44% -69.06% -86.90% -3,174.45% 50.73% 160.52% -243.15% 149.07% -741.49% 148.12% 98.41%
Invested Capital Q/Q Growth		 -20.84% 16.01% 4.04% 32.47% -26.68% -1.23% 16.04% 13.08% -5.52% -35.41% -5.97%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 9.32% 17.14% 2.49% 12.47% 12.28% 44.84% 6.46% -0.30% -236.60% -11.66% -62.96%
EBIT Margin		 11.46% 10.03% 5.12% 5.88% 7.07% 39.62% -2.34% -7.13% -253.04% -25.53% -73.85%
Profit (Net Income) Margin		 8.33% 7.02% 3.58% 4.16% 5.23% 29.69% -1.70% -5.35% -184.70% -22.28% -54.97%
Tax Burden Percent		 72.73% 69.98% 69.89% 70.69% 74.07% 74.92% 72.35% 75.02% 72.99% 87.28% 74.43%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 25.49% 29.77% 25.11% 28.49% 25.93% 25.08% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 5.90% 4.96% 2.81% 2.59% 4.19% 24.59% -1.19% -3.04% -113.93% -10.72% -24.91%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.70% 4.94% 2.60% 2.57% 4.19% 24.59% -1.24% -3.19% -115.98% -17.04% -26.82%
Return on Net Nonoperating Assets (RNNOA)		 1.40% 1.34% 0.78% 1.36% 0.56% 3.05% -0.30% -1.69% -45.64% -1.33% -4.94%
Return on Equity (ROE)		 7.30% 6.30% 3.58% 3.95% 4.75% 27.63% -1.49% -4.73% -159.57% -12.05% -29.85%
Cash Return on Invested Capital (CROIC)		 0.00% 10.29% 4.95% -19.79% -11.77% 10.85% -1.95% 10.96% -28.00% 1.97% 19.20%
Operating Return on Assets (OROA)		 0.88% 0.84% 0.42% 0.46% 0.53% 3.24% -0.18% -0.54% -16.81% -1.27% -3.25%
Return on Assets (ROA)		 0.64% 0.59% 0.29% 0.33% 0.39% 2.43% -0.13% -0.41% -12.27% -1.10% -2.42%
Return on Common Equity (ROCE)		 6.50% 5.48% 3.11% 3.44% 4.10% 23.53% -1.27% -4.02% -133.43% -10.14% -24.96%
Return on Equity Simple (ROE_SIMPLE)		 5.70% 0.00% 5.75% 5.22% 4.38% 0.00% 10.40% 8.63% -11.92% 0.00% -34.55%
Net Operating Profit after Tax (NOPAT)		 1.97 1.66 0.88 0.88 1.14 9.78 -0.32 -1.15 -18 -1.98 -5.34
NOPAT Margin		 8.54% 7.05% 3.84% 4.20% 5.23% 29.69% -1.64% -4.99% -177.13% -17.87% -51.70%
Net Nonoperating Expense Percent (NNEP)		 0.21% 0.02% 0.21% 0.02% 0.00% 0.00% 0.04% 0.15% 2.05% 6.31% 1.91%
SG&A Expenses to Revenue		 58.85% 56.77% 58.37% 59.98% 60.69% 37.13% 65.07% 55.73% 120.84% 74.01% 82.66%
Operating Expenses to Revenue		 75.53% 78.35% 77.24% 79.72% 78.56% 46.57% 80.07% 75.74% 246.38% 107.37% 144.06%
Earnings before Interest and Taxes (EBIT)		 2.64 2.37 1.18 1.23 1.54 13 -0.46 -1.65 -26 -2.82 -7.63
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2.15 4.04 0.57 2.60 2.67 15 1.28 -0.07 -24 -1.29 -6.51
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.54 0.61 0.62 0.55 0.62 0.44 0.56 0.63 0.58 0.34 0.30
Price to Tangible Book Value (P/TBV)		 0.54 0.61 0.62 0.55 0.62 0.44 0.56 0.63 0.58 0.34 0.30
Price to Revenue (P/Rev)		 0.56 0.60 0.58 0.52 0.60 0.42 0.55 0.59 0.50 0.38 0.36
Price to Earnings (P/E)		 9.88 10.99 11.26 11.91 17.93 3.77 5.33 7.41 0.00 0.00 0.00
Dividend Yield		 2.93% 2.53% 2.53% 2.81% 2.47% 3.17% 2.51% 2.29% 3.06% 5.33% 6.59%
Earnings Yield		 10.12% 9.10% 8.88% 8.40% 5.58% 26.55% 18.75% 13.49% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.19 0.25 0.38 0.17 0.00 0.23 0.27 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.27 0.34 0.69 0.23 0.00 0.33 0.44 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 2.81 3.94 6.71 2.09 0.00 1.46 2.29 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 2.87 3.81 8.48 3.27 0.00 2.03 3.42 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 3.90 5.19 11.66 4.52 0.00 2.72 4.56 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.05 0.06 0.14 0.05 0.00 0.09 0.13 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 1.83 5.01 0.00 0.00 0.00 0.00 2.43 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.09 0.18 0.23 0.63 0.18 0.07 0.25 0.44 0.64 0.09 0.09
Long-Term Debt to Equity		 0.09 0.18 0.23 0.63 0.18 0.07 0.25 0.44 0.64 0.09 0.09
Financial Leverage		 0.25 0.27 0.30 0.53 0.13 0.12 0.24 0.53 0.39 0.08 0.18
Leverage Ratio		 11.17 10.68 11.59 12.00 12.11 11.37 11.56 12.25 13.49 13.04 12.96
Compound Leverage Factor		 11.17 10.68 11.59 12.00 12.11 11.37 11.56 12.25 13.49 13.04 12.96
Debt to Total Capital		 8.23% 15.40% 18.75% 38.47% 14.96% 6.64% 20.15% 30.58% 39.08% 7.94% 8.47%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 8.23% 15.40% 18.75% 38.47% 14.96% 6.64% 20.15% 30.58% 39.08% 7.94% 8.47%
Preferred Equity to Total Capital		 10.84% 13.21% 12.70% 9.59% 13.08% 13.24% 11.41% 10.09% 10.68% 16.54% 17.59%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 80.93% 71.38% 68.55% 51.95% 71.96% 80.12% 68.44% 59.33% 50.24% 75.52% 73.94%
Debt to EBITDA		 1.04 2.23 2.97 6.74 1.82 0.38 1.30 2.56 -6.98 -0.31 -0.24
Net Debt to EBITDA		 -13.44 -5.44 -4.77 0.01 -4.93 -3.50 -1.76 -1.66 7.56 8.21 3.96
Long-Term Debt to EBITDA		 1.04 2.23 2.97 6.74 1.82 0.38 1.30 2.56 -6.98 -0.31 -0.24
Debt to NOPAT		 1.33 3.10 3.92 11.71 3.95 0.62 2.43 5.10 -5.50 -0.35 -0.28
Net Debt to NOPAT		 -17.08 -7.56 -6.29 0.02 -10.67 -5.70 -3.27 -3.31 5.95 9.24 4.77
Long-Term Debt to NOPAT		 1.33 3.10 3.92 11.71 3.95 0.62 2.43 5.10 -5.50 -0.35 -0.28
Noncontrolling Interest Sharing Ratio		 11.04% 12.99% 13.10% 13.03% 13.67% 14.87% 14.93% 15.04% 16.38% 15.85% 16.39%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 27 8.34 1.09 -34 -17 10 -14 7.03 -45 22 43
Operating Cash Flow to CapEx		 29,361.74% 9,201.16% 12,304.28% 20,193.08% 28,820.32% 0.00% 101,594.52% 32,794.30% 473,070.00% 418,879.17% -45,800.00%
Free Cash Flow to Firm to Interest Expense		 2.92 0.84 0.10 -2.99 -1.38 0.90 -1.48 0.69 -4.35 2.22 5.39
Operating Cash Flow to Interest Expense		 14.64 12.75 11.83 7.00 7.57 8.78 7.66 6.23 4.56 10.27 -0.40
Operating Cash Flow Less CapEx to Interest Expense		 14.59 12.62 11.73 6.97 7.54 8.78 7.65 6.21 4.56 10.26 -0.40
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.08 0.08 0.08 0.08 0.07 0.08 0.08 0.08 0.07 0.05 0.04
Fixed Asset Turnover		 2.25 2.32 2.35 2.29 2.32 2.73 2.64 2.73 2.44 1.99 1.73
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 103 119 124 164 120 119 138 156 147 95 89
Invested Capital Turnover		 0.69 0.70 0.73 0.62 0.80 0.83 0.73 0.61 0.64 0.60 0.48
Increase / (Decrease) in Invested Capital		 -25 -6.68 -0.21 34 18 -0.24 14 -8.19 27 -24 -48
Enterprise Value (EV)		 -53 23 31 63 21 -15 31 43 -3.31 -159 -91
Market Capitalization		 45 52 52 47 54 42 53 58 43 25 20
Book Value per Share		 $20.24 $20.67 $20.53 $20.62 $20.94 $23.03 $22.75 $22.40 $17.90 $17.48 $16.10
Tangible Book Value per Share		 $20.24 $20.67 $20.53 $20.62 $20.94 $23.03 $22.75 $22.40 $17.90 $17.48 $16.10
Total Capital		 103 119 124 164 120 119 138 156 147 95 89
Total Debt		 8.45 18 23 63 18 7.89 28 48 58 7.56 7.58
Total Long-Term Debt		 8.45 18 23 63 18 7.89 28 48 58 7.56 7.58
Net Debt		 -109 -45 -37 0.08 -49 -72 -37 -31 -62 -199 -127
Capital Expenditures (CapEx)		 0.46 1.38 1.00 0.39 0.32 -0.02 0.07 0.19 0.01 0.02 0.01
Net Nonoperating Expense (NNE)		 0.05 0.01 0.06 0.01 0.00 0.00 0.01 0.08 0.77 0.49 0.34
Net Nonoperating Obligations (NNO)		 8.45 18 23 63 18 7.89 28 48 58 7.56 7.58
Total Depreciation and Amortization (D&A)		 -0.49 1.67 -0.61 1.37 1.13 1.72 1.74 1.58 1.68 1.53 1.13
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.42 $0.32 $0.11 $0.12 $0.18 $2.27 ($0.17) ($0.39) ($4.66) ($0.71) ($1.48)
Adjusted Weighted Average Basic Shares Outstanding		 4.11M 4.13M 4.13M 4.13M 4.13M 4.15M 4.13M 4.13M 4.11M 4.11M 4.11M
Adjusted Diluted Earnings per Share		 $0.41 $0.29 $0.11 $0.12 $0.18 $2.21 ($0.17) ($0.39) ($4.66) ($0.71) ($1.48)
Adjusted Weighted Average Diluted Shares Outstanding		 4.11M 4.13M 4.13M 4.13M 4.13M 4.15M 4.13M 4.13M 4.11M 4.11M 4.11M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 4.11M 4.13M 4.13M 4.13M 4.13M 4.15M 4.13M 4.13M 4.11M 4.11M 4.11M
Normalized Net Operating Profit after Tax (NOPAT)		 1.97 1.66 0.88 0.88 1.14 9.78 -0.32 -1.15 -13 -1.98 -5.34
Normalized NOPAT Margin		 8.54% 7.05% 3.84% 4.20% 5.23% 29.69% -1.64% -4.99% -127.46% -17.87% -51.70%
Pre Tax Income Margin		 11.46% 10.03% 5.12% 5.88% 7.07% 39.62% -2.34% -7.13% -253.04% -25.53% -73.85%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.29 0.24 0.11 0.11 0.13 1.18 -0.05 -0.16 -2.50 -0.29 -0.96
NOPAT to Interest Expense		 0.21 0.17 0.08 0.08 0.09 0.88 -0.03 -0.11 -1.75 -0.20 -0.67
EBIT Less CapEx to Interest Expense		 0.24 0.10 0.02 0.07 0.10 1.18 -0.06 -0.18 -2.50 -0.29 -0.96
NOPAT Less CapEx to Interest Expense		 0.16 0.03 -0.01 0.04 0.07 0.88 -0.04 -0.13 -1.75 -0.20 -0.67
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 39.82% 39.95% 42.47% 50.06% 62.87% 22.72% 25.04% 30.68% -20.09% -6.25% -2.54%
Augmented Payout Ratio		 40.06% 40.18% 42.47% 50.11% 62.87% 22.72% 27.96% 34.27% -23.22% -7.71% -2.54%

Financials Breakdown Chart

Key Financial Trends

BayFirst Financial’s latest quarter shows a sharp deterioration in profitability and operating cash flow versus the prior year, even though the balance sheet still carries a meaningful liquidity cushion. In Q1 2026, the company reported a net loss of $5.7 million, compared with a $0.3 million loss in Q1 2025 and a profit of $1.7 million in Q1 2024. Operating cash flow also turned negative at $3.2 million, a notable decline from strong positive operating cash flow in the prior year periods.

What changed most in Q1 2026: BayFirst’s revenue mix weakened, credit costs remained elevated, and non-interest expense stayed high relative to revenue. Net interest income fell to $9.4 million from $11.2 million in Q4 2025 and $11.0 million in Q1 2025. Total revenue was only $10.3 million, while provision for credit losses was $3.1 million and non-interest expense totaled $14.9 million, leaving the company with a pretax loss of $7.6 million.

  • Liquidity remains substantial. BayFirst ended Q1 2026 with $6.8 million in cash and $127.6 million in interest-bearing deposits at other banks, giving it a sizable liquidity buffer.
  • Investing cash flow was strongly positive. Net cash from investing activities was $28.9 million in Q1 2026, supported by investment activity and maturities.
  • Deposit growth helped financing cash flow. The company posted a $98.1 million decline in net cash outflows from deposits in Q1 2026, indicating deposit balances were a source of funding during the quarter.
  • Loan loss allowance remains meaningful. The allowance for loan and lease losses was $20.6 million, providing some cushion against future credit deterioration.
  • Loan balances were stable-to-lower. Gross loans and leases were $878.6 million in Q1 2026, down from $936.9 million in Q3 2025 and $1.03 billion in Q2 2025, suggesting a smaller earning asset base.
  • Net interest income remains positive but has softened. Q1 2026 net interest income of $9.4 million was below the $10.0 million to $11.6 million range seen in several prior quarters.
  • Share count stayed flat. Weighted average diluted shares were unchanged at 4.1 million, so the earnings decline was driven by operations rather than dilution.
  • Q1 2026 was loss-making. BayFirst reported a net loss of $5.7 million, versus a loss of $2.5 million in Q4 2025 and profits in Q4 2024.
  • Operating cash flow turned negative. Net cash from operations was -$3.2 million in Q1 2026, a major reversal from $100.5 million in Q4 2025 and $74.2 million in Q1 2025.
  • Credit costs remain elevated. Provision for credit losses was $3.1 million in Q1 2026, and the quarter before that saw a $2.0 million provision, keeping pressure on earnings.
  • Non-interest expense is too high for current revenue. Q1 2026 non-interest expense of $14.9 million exceeded total revenue of $10.3 million, driving the pretax loss.
  • Loan growth trend is negative. Average and period-end loan balances have declined from 2024 levels, which can weigh on future interest income.
  • Capital has weakened from recent highs. Total common equity fell to $66.1 million in Q1 2026 from $92.5 million in Q2 2025 and $94.4 million in Q1 2025, reflecting the impact of losses and balance sheet changes.

Bottom line: BayFirst Financial looks financially liquid, but its earnings and cash generation trend has weakened materially over the last several quarters. The key issues for investors are the continued losses, elevated credit provisions, and the ability of management to restore positive operating cash flow and improve efficiency. Until that happens, the stock likely remains a turnaround story with elevated risk.

08/05/26 08:43 PM ETAI Generated. May Contain Errors.

BayFirst Financial Financials - Frequently Asked Questions

According to the most recent income statement we have on file, BayFirst Financial's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

BayFirst Financial's net income appears to be on a downward trend, with a most recent value of -$22.94 million in 2025, falling from $12.70 million in 2020. The previous period was $12.60 million in 2024. Check out BayFirst Financial's forecast to explore projected trends and price targets.

Over the last 5 years, BayFirst Financial's total revenue changed from $132.80 million in 2020 to $64.18 million in 2025, a change of -51.7%.

BayFirst Financial's total liabilities were at $1.21 billion at the end of 2025, a 3.0% increase from 2024, and a 17.7% decrease since 2020.

In the past 5 years, BayFirst Financial's cash and equivalents has ranged from $2.79 million in 2020 to $5.12 million in 2025, and is currently $5.12 million as of their latest financial filing in 2025.

Over the last 5 years, BayFirst Financial's book value per share changed from 0.00 in 2020 to 17.48 in 2025, a change of 1,747.9%.


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Financial statements for NASDAQ:BAFN last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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