BAFN on Nasdaq
BayFirst Financial Corp.
Price unavailable
Last updated Oct 16, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement in the latest annual report, as filed.7
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Loans, including fees | $80.7M | $77.9M |
| Interest-bearing deposits in banks and other | $4.5M | $4.0M |
| Total interest income | $85.2M | $81.9M |
| Deposits | $37.7M | $42.9M |
| Borrowings | $2.3M | $1.9M |
| Total interest expense | $40.0M | $44.8M |
| Net interest income | $45.2M | $37.1M |
| Provision for credit losses | $25.6M | $15.4M |
| Net interest income after provision for credit losses | $19.6M | $21.7M |
| Loan servicing income, net | $2.8M | $3.1M |
| Gain on sale of government guaranteed loans, net | $11.2M | $26.7M |
| Service charges and fees | $1.9M | $1.8M |
| Government guaranteed loans fair value gain (loss), net | -$1.1M | $9.8M |
| Government guaranteed loan packaging fees | $1.8M | $4.1M |
| Gain on sale of premises and equipment | $0 | $11.6M |
| Other noninterest income | $1.3M | $1.7M |
| Total noninterest income | $17.8M | $58.9M |
| Salaries and benefits | $28.4M | $31.1M |
| Bonus, commissions, and incentives | $855.0K | $4.4M |
| Occupancy and equipment | $6.1M | $4.8M |
| Data processing | $7.9M | $6.7M |
| Marketing and business development | $1.4M | $2.0M |
| Professional services | $3.5M | $3.9M |
| Loan servicing and origination expense | $8.0M | $6.4M |
| Employee recruiting and development | $1.7M | $2.2M |
| Regulatory assessments | $1.9M | $1.2M |
| Restructure charges | $7.3M | $0 |
| Other noninterest expense | $3.5M | $3.9M |
| Total noninterest expense | $70.4M | $66.8M |
| Income (loss) from continuing operations before income taxes | -$33.0M | $13.8M |
| Income tax expense (benefit) from continuing operations | -$8.5M | $3.5M |
| Net income (loss) from continuing operations | -$24.6M | $10.3M |
| Loss from discontinued operations before income taxes | $0 | -$92.0K |
| Income tax benefit from discontinued operations | $0 | -$23.0K |
| Net loss from discontinued operations | $0 | -$69.0K |
| Net income (loss) | -$24.6M | $10.2M |
| Preferred stock dividends | $1.5M | $1.5M |
| Net income available to (loss attributable to) common shareholders | -$26.1M | $8.6M |
| Continuing operations (in dollars per share) | -$6 | $2 |
| Discontinued operations (in dollars per share) | $0 | -$0 |
| Total basic earnings (loss) per common share (in dollars per share) | -$6.32 | $2.09 |
| Continuing operations (in dollars per share) | -$6 | $2 |
| Discontinued operations (in dollars per share) | $0 | -$0 |
| Total diluted earnings (loss) per common share (in dollars per share) | -$6.32 | $2.09 |
Every line of the balance sheet in the latest annual report, as filed.7
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Cash and due from banks | $5.1M | ||
| Interest-bearing deposits in banks | $201.9M | ||
| Cash and cash equivalents | $207.0M | ||
| Time deposits in banks | $0 | ||
| Investment securities available for sale, at fair value (amortized cost: $31,974 and $40,279 at December 31, 2025 and December 31, 2024, respectively) | $29.4M | ||
| Investment securities held to maturity, at amortized cost, net of allowance for credit losses of $7 and $12 (fair value: $2,384 and $2,346 at December 31, 2025 and December 31, 2024, respectively) | $2.5M | ||
| Nonmarketable equity securities | $4.7M | ||
| Government guaranteed loans HFI, at fair value | $54.1M | ||
| Loans HFI, at amortized cost | $903.9M | $931.3M | $1.0B |
| Allowance for credit losses on loans | -$22.0M | ||
| Net loans HFI, at amortized cost | $881.9M | $906.8M | $1.0B |
| Accrued interest receivable | $6.3M | $6.8M | $7.4M |
| Premises and equipment, net | $31.2M | ||
| Loan servicing rights | $12.6M | ||
| Deferred income tax asset | $7.8M | $7.0M | $247.0K |
| Right-of-use operating lease assets | $14.5M | ||
| Bank owned life insurance | $27.3M | ||
| Other real estate owned | $400.0K | ||
| Other assets | $14.7M | $14.8M | $17.5M |
| Total assets | $1.3B | $1.3B | $1.3B |
| Noninterest-bearing deposit accounts | $95.7M | ||
| Interest-bearing transaction accounts | $231.2M | ||
| Savings and money market deposit accounts | $454.6M | ||
| Time deposits | $402.3M | ||
| Total deposits | $1.2B | ||
| Subordinated notes | $6.0M | ||
| Notes payable | $1.6M | ||
| Accrued interest payable | $1.1M | ||
| Operating lease liabilities | $13.3M | ||
| Accrued expenses and other liabilities | $6.8M | ||
| Total liabilities | $1.2B | $1.2B | |
| Common stock and additional paid-in capital; no par value, 15,000,000 shares authorized, 4,108,069 and 4,132,986 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $54.4M | ||
| Accumulated other comprehensive loss, net | -$2.0M | ||
| Unearned compensation | -$335.0K | ||
| Retained earnings | $13.8M | $16.1M | $35.5M |
| Total shareholders equity | $81.6M | $84.0M | $102.6M |
| Total liabilities and shareholders equity | $1.3B | $1.3B | $1.3B |
| Amortized cost | $32.0M | ||
| Allowance for credit loss for HTM securities | $7.0K | ||
| FairValue | $2.4M | ||
| Common stock and additional paid-in capital, shares authorized (in shares) | 15.0M shares | 15.0M shares | |
| Common stock and additional paid-in capital, shares issued (in shares) | 4.1M shares | ||
| Common stock and additional paid-in capital, shares outstanding (in shares) | 4.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.7
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) from continuing operations | -$24.6M | $10.3M |
| Net loss from discontinued operations | $0 | -$69.0K |
| Net income (loss) | -$24.6M | $10.2M |
| Depreciation of fixed assets | $2.2M | $2.5M |
| Net securities premium amortization | $40.0K | $112.0K |
| Amortization of debt issuance costs | $6.0K | $7.0K |
| Amortization of premium on loans purchased, net | $1.1M | $714.0K |
| Provision for credit losses | $25.6M | $15.4M |
| Accretion of discount on unguaranteed loans | -$3.7M | -$3.1M |
| Deferred tax benefit | -$7.8M | -$280.0K |
| Origination of government guaranteed loans held for sale | $0 | $2.8M |
| Proceeds from sales of government guaranteed loans held for sale | $298.2M | $406.2M |
| Net gains on sales of government guaranteed loans | -$11.2M | -$26.7M |
| Sale of servicing rights | $1.7M | $0 |
| Net amortization of deferred loan costs | $3.5M | $2.9M |
| Change in fair value of government guaranteed loans HFI, at fair value | $1.1M | -$9.8M |
| Amortization of loan servicing rights | $6.9M | $6.3M |
| Gain on sale of premises and equipment | $0 | -$11.6M |
| Gain on other real estate owned | -$423.0K | $14.0K |
| Loss on sale and writedowns of repossessed assets | $118.0K | $0 |
| Non-qualified stock purchase plan expense | $17.0K | $23.0K |
| Stock based compensation expense | $99.0K | $396.0K |
| Income from bank owned life insurance | -$751.0K | -$713.0K |
| Impairment of equipment and software | $1.4M | $0 |
| Accrued interest receivable | $1.3M | -$1.1M |
| Other assets | -$1.9M | -$7.9M |
| Accrued interest payable | $97.0K | $154.0K |
| Other liabilities | -$4.3M | $13.0M |
| Net cash provided by operating activities of continuing operations | $288.8M | $393.7M |
| Net cash used in operating activities of discontinued operations | $0 | -$341.0K |
| Net cash provided by operating activities | $288.8M | $393.4M |
| Purchase of investment securities available for sale | -$5.7M | -$4.5M |
| Principal payments on investment securities available for sale | $2.9M | $7.7M |
| Principal payments on investment securities held to maturity | $0 | $1.0K |
| Call of investment securities held to maturity | $11.1M | $0 |
| Net sale (purchase) of nonmarketable equity securities | -$130.0K | $244.0K |
| Purchase of time deposits in banks | -$14.0K | -$1.0M |
| Maturity of time deposits in banks | $2.3M | $3.4M |
| Purchase of government guaranteed loans | $0 | -$4.4M |
| Loan originations, net | -$208.8M | -$533.7M |
| Purchase related to other real estate owned | $0 | -$1.2M |
| Proceeds for the sale of premises and equipment | $0 | $14.7M |
| Purchase of premises and equipment | -$300.0K | -$1.7M |
| Proceeds on sales of other real estate owned | $155.0K | $1.6M |
| Proceeds on sales of repossessed assets | $59.0K | $0 |
| Net cash used in investing activities | -$198.5M | -$518.8M |
| Net change in deposits | $40.7M | $158.1M |
| Net decrease in short-term borrowings | $0 | $10.0M |
| Payments on notes payable | -$341.0K | -$455.0K |
| Proceeds from issuance of common stock for benefit plans, net | $50.0K | -$23.0K |
| Common share buyback - redeemed stock | -$335.0K | $0 |
| Unearned ESOP shares | $193.0K | $53.0K |
| Dividends paid on common stock | -$663.0K | -$1.3M |
| Dividends paid on preferred stock | -$771.0K | -$1.5M |
| Net cash provided by financing activities | $38.8M | $144.8M |
| Net change in cash and cash equivalents | $129.2M | $19.4M |
| Interest paid | $39.9M | $44.6M |
| Income taxes paid | $5.3M | $8.0K |
| Net change in unrealized holding gains (losses) on investment securities available for sale, net of tax effect | $996.0K | $25.0K |
| Accumulated unpaid preferred dividends | -$385.0K | $0 |
| Transfer of government guaranteed loans HFI to loans HFS | $296.2M | $384.5M |
| Transfer of government guaranteed loans HFS to loans HFI | $4.5M | $0 |
| Transfer of loans HFI to OREO | $0 | $94.0K |
| Transfer of loans HFI to repossessed assets | $422.0K | $0 |
| Recognition of right of use asset in exchange for new operating lease liabilities | $0 | $14.3M |
Recent filings
- Oct 13, 20264
- Oct 13, 20264
- Oct 13, 20264
- Oct 13, 20264
- Oct 13, 20264
- Oct 13, 20264
- Oct 13, 20264
- Oct 13, 20264
- Oct 13, 20264
- Oct 13, 2026SCHEDULE 13D/A
- Sep 30, 20268-K
- Sep 29, 20268-K
- Sep 29, 20263
- Sep 24, 20268-K
- Sep 24, 20263
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10