Company research
BayFirst Financial Corp.
CIK 1649739Updated Sep 26, 2026
SecurityBAFN · NASDAQ · equity
Historical securities (1)
FHBI · OTC · equity · closed Nov 29, 2021BAFN price & chart
Loading TradingView…
NASDAQ:BAFN on TradingView ↗In the news
BayFirst Financial Corp. Launches Rights Offering ↗
Recent filings
Financials
FY 2025 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,285,629,000Source | 1,288,297,000Source | 1,117,766,000Source | 938,895,000Source |
| Property, Plant and Equipment, NetUSD | — | 33,249,000Source | 38,874,000Source | 35,440,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | 77,788,000Source | 58,385,000Source | 66,046,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | 15,814,000Source | 2,416,000Source | 3,177,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,180,508,000Source | 1,177,377,000Source | 1,017,059,000Source | 847,011,000Source |
| Stockholders’ equity: | ||||
| Retained Earnings (Accumulated Deficit)USD | 38,118,000Source | 44,134,000Source | 34,395,000Source | 33,479,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | — | -2,956,000Source | -2,981,000Source | -3,724,000Source |
| Stockholders' Equity Attributable to ParentUSD | 105,121,000Source | 110,920,000Source | 100,707,000Source | 91,884,000Source |
| Liabilities and EquityUSD | 1,285,629,000Source | 1,288,297,000Source | 1,117,766,000Source | 938,895,000Source |
| Deferred Income Tax Liabilities, NetUSD | — | 301,000Source | 482,000Source | — |
| Additional Financial Items | ||||
| Deferred Compensation EquityUSD | — | 752,000Source | 958,000Source | 178,000Source |
| Deferred Tax Liabilities, NetUSD | — | 301,000Source | 482,000Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 2,188,000Source | 2,464,000Source | 2,245,000Source | 1,715,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 99,000Source | 396,000Source | 604,000Source | 763,000Source |
| Deferred Income Tax Expense (Benefit)USD | -7,760,000Source | -189,000Source | 2,119,000Source | 424,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 288,835,000Source | 390,534,000Source | 454,797,000Source | 440,251,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -198,483,000Source | -515,933,000Source | -641,276,000Source | -510,605,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 300,000Source | 1,690,000Source | 7,582,000Source | 8,064,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 335,000Source | 0Source | 13,000Source | 49,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 38,842,000Source | 144,802,000Source | 178,818,000Source | 26,673,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 663,000Source | 1,323,000Source | 1,313,000Source | 1,287,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 129,194,000Source | 19,403,000Source | -7,661,000Source | -43,681,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 206,982,000Source | 77,788,000Source | 58,385,000Source | 66,046,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 39,912,000Source | 44,630,000Source | 31,908,000Source | 8,188,000Source |
| Income Taxes Paid, NetUSD | 5,296,000Source | 8,000Source | 97,000Source | 248,000Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 6,000Source | 7,000Source | 7,000Source | 0Source |
| Bank Owned Life Insurance IncomeUSD | 751,000Source | 713,000Source | 641,000Source | 612,000Source |
| DepreciationUSD | 2,188,000Source | 2,464,000Source | 2,245,000Source | 1,980,000Source |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | -1,075,000Source | 9,843,000Source | 15,718,000Source | 4,756,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 25,496,000Source | 15,054,000Source | 10,331,000Source | -700,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 0Source | 11,649,000Source | — | — |
| Gain (Loss) on Sales of Loans, NetUSD | 11,169,000Source | 28,252,000Source | 24,553,000Source | 21,720,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -24,565,000Source | 12,672,000Source | 5,915,000Source | 5,478,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 0Source | -69,000Source | -213,000Source | -5,827,000Source |
| Income Tax Expense (Benefit)USD | -8,454,000Source | 4,315,000Source | 2,119,000Source | 1,560,000Source |
| Net Income (Loss) Attributable to ParentUSD | -24,565,000Source | 12,603,000Source | 5,702,000Source | -349,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -26,106,000Source | 11,062,000Source | 4,737,000Source | -1,181,000Source |
| Proceeds from Issuance of Common StockUSD | 50,000Source | -23,000Source | 289,000Source | 509,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 2,874,000Source | 7,664,000Source | 3,682,000Source | 2,812,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -33,019,000Source | 16,987,000Source | 8,034,000Source | 7,038,000Source |
| Income Tax Expense (Benefit)USD | -8,454,000Source | 4,315,000Source | 2,119,000Source | 1,560,000Source |
| Net Income (Loss) Attributable to ParentUSD | -24,565,000Source | 12,603,000Source | 5,702,000Source | -349,000Source |
| Earnings Per Share, BasicUSD per share | -6.32Source | 2.68Source | 1.16Source | -0.29Source |
| Earnings Per Share, DilutedUSD per share | -6.32Source | 2.62Source | 1.12Source | -0.22Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 4,129,655Source | 4,133,082Source | 4,100,114Source | 4,020,933Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 4,129,655Source | 4,588,509Source | 4,581,817Source | 4,220,625Source |
| Additional Financial Items | ||||
| Bank Owned Life Insurance IncomeUSD | 751,000Source | 713,000Source | 641,000Source | 612,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.16Source | 0.32Source | 0.32Source | 0.32Source |
| Current Income Tax Expense (Benefit)USD | -694,000Source | 4,504,000Source | 0Source | 1,136,000Source |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | -1,075,000Source | 9,843,000Source | 15,718,000Source | 4,756,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 25,496,000Source | 15,054,000Source | 10,331,000Source | -700,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -24,565,000Source | 12,672,000Source | 5,915,000Source | 5,478,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -6.32Source | 2.69Source | 1.21Source | 1.16Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -6.32Source | 2.64Source | 1.17Source | 1.16Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 0Source | -69,000Source | -213,000Source | -5,827,000Source |
| Interest ExpenseUSD | — | — | 32,086,000Source | 8,566,000Source |
| InterestExpenseOperatingUSD | 40,009,000Source | 44,784,000Source | — | — |
| Interest Income (Expense), NetUSD | 45,207,000Source | 38,026,000Source | 36,431,000Source | 30,000,000Source |
| Interest Income, OperatingUSD | 85,216,000Source | 82,810,000Source | 68,517,000Source | 38,566,000Source |
| Labor and Related ExpenseUSD | 28,429,000Source | 31,063,000Source | 30,973,000Source | 27,422,000Source |
| Marketing and Advertising ExpenseUSD | 1,433,000Source | 2,050,000Source | 3,336,000Source | 2,660,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -26,106,000Source | 11,062,000Source | 4,737,000Source | -1,181,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | 1,541,000Source | 1,541,000Source | 965,000Source | 832,000Source |