BayFirst Financial Corp. BAFN
BayFirst Financial Corp.
BayFirst Financial Corp. is a bank holding company that operates through its wholly owned subsidiary, BayFirst National Bank (the "Bank"), together referred to as "the Company" or "BayFirst". BayFirst commenced its bank holding company operations on September 1, 2000, by acquiring all shares of the Bank. BayFirst's primary source of income is from the Bank, which serves a broad spectrum of consumers and small businesses in the Tampa Bay/Sarasota region. BayFirst strives to be a progressive institution in its products and services, technology, design, and social responsibility. As of December 31, 2025, BayFirst had consolidated total assets of $1.30 billion, total loans held for investment of $963.9 million, total deposits of $1.18 billion, and total shareholders' equity of $87.6 million. BayFirst's corporate office is located at the BayFirst Executive Center, 700 Central Avenue, St. Petersburg, Florida 33701.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Interest expense | $45.2M | $37.1M | $36.4M | $8.6M | $7.3M | $10.3M | — |
| Pre-tax income | -$33.0M | $13.8M | $8.0M | $7.0M | $11.7M | $15.8M | — |
| Income tax | $8.5M | $3.5M | $2.1M | $1.6M | $2.7M | $3.1M | — |
| Net income | -$24.6M | $10.2M | $5.7M | -$349.0K | $24.6M | $12.7M | — |
| EPS, basic | -6.32 | 2.09 | 1.16 | -0.29 | 6.21 | 3.45 | — |
| EPS, diluted | -6.32 | 2.09 | 1.12 | -0.22 | 5.91 | 3.01 | — |
| Shares, diluted (wtd. avg.) | 4.1M | 4.1M | 4.6M | 4.2M | 4.1M | 4.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $207.0M | $77.8M | $58.4M | $66.0M | $109.7M | $55.4M | $110.6M |
| Property, plant and equipment | $31.2M | $33.2M | $38.9M | $35.4M | $29.7M | $18.1M | — |
| Total assets | $1.34B | $1.28B | $1.12B | $938.9M | $917.1M | $1.54B | — |
| Total liabilities | $1.23B | $1.18B | $1.02B | $847.0M | $820.8M | $1.47B | — |
| Retained earnings | $35.5M | $39.8M | $34.4M | $33.5M | $35.9M | $13.4M | — |
| Total equity | $102.6M | $106.6M | $98.8M | $91.9M | $96.3M | $71.1M | $51.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $288.8M | $393.4M | $454.8M | $440.3M | $495.4M | -$107.8M | — |
| Depreciation and amortisation | $2.2M | $2.5M | $2.2M | $1.7M | $1.3M | $1.4M | — |
| Stock-based compensation | $99.0K | $396.0K | $604.0K | $763.0K | $461.0K | $373.0K | — |
| Capital expenditure | $300.0K | $1.7M | $7.6M | $8.1M | $13.1M | $3.0M | — |
| Investing cash flow | -$198.5M | -$518.8M | -$641.3M | -$510.6M | $207.6M | -$933.4M | — |
| Financing cash flow | $38.8M | $144.8M | $178.8M | $26.7M | -$648.7M | $986.0M | — |
| Dividends paid | $663.0K | $1.3M | $1.3M | $1.3M | $1.1M | $915.0K | — |
| Buybacks | $335.0K | $0 | $13.0K | $49.0K | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001649739-26-000049.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Net income | — | $12.7M | $24.6M | -$349.0K | $5.7M | $10.2M | -$24.6M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Change of control Control of the company has changed hands. Item 5.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Accounts can no longer be relied on The company is telling investors that figures it has already published are wrong. Rare, and about as direct as a filing gets. Item 4.02
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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