Financial Services -
Banks - Regional - NASDAQ - US
$ 13.8501
-2.46 %
$ 57.2 M
Market Cap
6.3
P/E
1. INTRINSIC VALUE
Balance Sheet
BayFirst Financial Corp.
| Current Assets | 98.1 M |
| Cash & Short-Term Investments | 88.9 M |
| Receivables | 9.16 M |
| Other Current Assets | 0 |
| Non-Current Assets | 1.19 B |
| Long-Term Investments | 1.08 B |
| PP&E | 49.1 M |
| Other Non-Current Assets | 59.6 M |
| Current Liabilities | 1.14 B |
| Accounts Payable | 1.04 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 1.14 B |
| Non-Current Liabilities | 33.1 M |
| Long-Term Debt | 22.4 M |
| Other Non-Current Liabilities | 10.7 M |
EFFICIENCY
Earnings Waterfall
BayFirst Financial Corp.
| Revenue | 125 M |
| Cost Of Revenue | 59.5 M |
| Gross Profit | 65.7 M |
| Operating Expenses | 48.7 M |
| Operating Income | 17 M |
| Other Expenses | 4.32 M |
| Net Income | 12.7 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
BayFirst Financial Corp.
| Net Income | 12.7 M |
| Depreciation & Amortization | 8.72 M |
| Capital Expenditures | -1.69 M |
| Stock-Based Compensation | 419 K |
| Change in Working Capital | 3.88 M |
| Others | 371 M |
| Free Cash Flow | 389 M |
Wall Street Analysts Price Targets
BayFirst Financial Corp.
BAFN has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
1.04%
DIVIDEND YIELD
0.08 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
BayFirst Financial Corp.
Sold
0-3 MONTHS
2.9 USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
4.98 K USD 1
0-3 MONTHS
1.97 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
5.19 K USD 4
9-12 MONTHS
7. News
BayFirst Incurs Loss in Q1 as Loan Sales Decline, Stock Down 6%
BAFN incurs a first-quarter 2025 loss due to lower loan sale gains and elevated credit costs, while focusing on growing core deposits and conventional lending.
zacks.com
- 1 month ago
BayFirst Financial Corp. Reports First Quarter 2025 Results
ST. PETERSBURG, Fla., April 24, 2025 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today reported a net loss of $0.3 million, or $0.17 per common share and diluted common share, for the first quarter of 2025, a decrease of 103.4% compared to $9.8 million, or $2.27 per common share or $2.11 per diluted common share, in the fourth quarter of 2024.
globenewswire.com
- 1 month ago
Zacks Initiates Coverage of BayFirst With Outperform Recommendation
Find out why Zacks has given BayFirst an "Outperform" rating, being the first on Wall Street to initiate coverage on the stock. Explore how tech innovation, regional growth and strong earnings tailwinds position it as a standout in community banking.
zacks.com
- 2 months ago
BayFirst Announces First Quarter 2025 Conference Call and Webcast
ST. PETERSBURG, Fla., March 31, 2025 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today announced that it will report its first quarter results after the market close on Thursday, April 24, 2025. Management will host a conference call on Friday, April 25, 2025, at 9:00 a.m. ET to discuss the results. The call will also be broadcast live via the internet.
globenewswire.com
- 2 months ago
BayFirst Financial Corp. Reports Fourth Quarter 2024 Results
Earnings per common share increased to $2.11 for the quarter and $2.64 for the year; Net interest margin expanded by 26bps; Announced share buyback program Earnings per common share increased to $2.11 for the quarter and $2.64 for the year; Net interest margin expanded by 26bps; Announced share buyback program
globenewswire.com
- 4 months ago
BayFirst Announces Fourth Quarter 2024 Conference Call and Webcast
ST. PETERSBURG, Fla., Dec. 31, 2024 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today announced that it will report its fourth quarter results after the market close on Thursday, January 30, 2025. Management will host a conference call on Friday, January 31, 2025, at 9:00 a.m. ET to discuss the results. The call will also be broadcast live via the internet.
globenewswire.com
- 5 months ago
BayFirst Financial Corp. Reports Third Quarter 2024 Results; Third Quarter Net Income Increased 31.3% Over Prior Quarter
ST. PETERSBURG, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today reported net income of $1.1 million, or $0.18 per diluted common share, for the third quarter of 2024, an increase of 31.3% compared to $0.9 million, or $0.12 per diluted common share, in the second quarter of 2024.
globenewswire.com
- 7 months ago
BayFirst Financial Corp. Reports Second Quarter 2024 Results; Highlighted by Improved Operating Efficiencies and Lower Net Charge-Offs
ST. PETERSBURG, Fla., July 25, 2024 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today reported net income of $0.9 million, or $0.12 per diluted common share, for the second quarter of 2024, an increase of 5.1% compared to $0.8 million, or $0.11 per diluted common share, in the first quarter of 2024. Net income increased due to higher net interest income and lower provision for credit losses and compensation expense, partially offset by lower gain on sale of government guaranteed loans resulting from a decrease in balance of loans sold.
globenewswire.com
- 10 months ago
BayFirst Announces Second Quarter 2024 Conference Call and Webcast
ST. PETERSBURG, Fla., June 28, 2024 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today announced that it will report its second quarter results after the market close on Thursday, July 25, 2024. Management will host a conference call on Friday, July 26, 2024, at 9:00 a.m. ET to discuss the results. The call will also be broadcast live via the internet.
globenewswire.com
- 11 months ago
BayFirst Financial Corp. Reports First Quarter 2024 Results; Highlighted by Strong Loan and Deposit Growth with Higher Provision for Credit Losses
ST. PETERSBURG, Fla., April 25, 2024 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today reported net income of $0.8 million, or $0.11 per diluted common share, for the first quarter of 2024, compared to $1.7 million, or $0.32 per diluted common share, in the fourth quarter of 2023. Net income decreased due to two primary factors: higher provision for credit losses of $1.4 million, coupled with weaker Core SBA 7(a) loan production ($350 thousand to $5 million loan size) attributed to the continued higher interest rate environment negatively impacting loan demand.
globenewswire.com
- 1 year ago
BayFirst Financial Corp. Announces First Quarter 2024 Conference Call and Webcast
ST. PETERSBURG, Fla., March 28, 2024 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today announced that it will report its first quarter results after the market close on Thursday, April 25, 2024. Management will host a conference call on Friday, April 26, 2024, at 9:00 a.m. ET to discuss the results. The call will also be broadcast live via the internet.
globenewswire.com
- 1 year ago
BayFirst Financial Corp. Reports Fourth Quarter 2023 Results; Highlighted by Net Interest Margin Expansion and Strong SBA Loan Originations
ST. PETERSBURG, Fla., Jan. 25, 2024 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today reported net income of $1.7 million, or $0.32 per diluted common share, for the fourth quarter of 2023 compared to $1.9 million, or $0.41 per diluted common share, in the third quarter of 2023. Net income from continuing operations was $1.7 million for the fourth quarter of 2023, compared to net income from continuing operations of $2.0 million in the third quarter of 2023 and $2.1 million in the fourth quarter of 2022.
globenewswire.com
- 1 year ago
8. Profile
Summary
BayFirst Financial Corp. BAFN
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 57.2 M
Dividend Yield
1.04%
Description
BayFirst Financial Corp. operates as the bank holding company for First Home Bank that provides commercial and consumer banking services for businesses and individuals. The company offers checking and savings accounts, and certificates of deposit. It also provides home loans, including residential mortgages, home equity loans, and home equity lines of credit; and business lending services comprising minority lending programs, PPP loan forgiveness services, SBA loans, and commercial lending services. In addition, the company offers treasury management, merchant, online, and investment services; and credit cards. As of January 26, 2022, it operated seven full-service office locations in St. Petersburg, Seminole, Pinellas Park, Clearwater, Sarasota, Tampa, and Belleair Bluffs, Florida; and 23 mortgage loan production offices. The company was formerly known as First Home Bancorp, Inc. and changed its name to BayFirst Financial Corp. in May 2021. BayFirst Financial Corp. was founded in 1999 and is headquartered in Saint Petersburg, Florida.
Contact
700 Central Avenue, Saint Petersburg, FL, 33701
https://www.firsthomebank.com
IPO
Date
Jan. 8, 2021
Employees
305
Officers
Mr. Thomas G. Quale
Executive Vice President, Market President & Chief Lending Officer
Ms. Brandi Nicole Jaber
Executive Vice President & Chief Production Officer
Ms. Susan P. Khayat
Executive Vice President & Chief Credit Officer
Ms. Robin L. Oliver
President & Chief Operating Officer
Mr. Thomas G. Zernick
Chief Executive Officer & Director
Mr. Nickolas R. Smith
Executive Vice President & Chief Human Resources Officer
Ms. Rhonda S. Tudor CPA
Chief Accounting Officer
Mr. Scott J. McKim
Executive Vice President & Chief Financial Officer