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BayFirst Financial Corp.(BAFN)Earnings, Financials & Key Ratios
BAFN•NASDAQ•Banking & Credit
$4.89
Price updated Jun 27, 2026
AboutBayFirst 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.Show more
- Net Interest Income$46M+20.4%
- Total Revenue$104M-16.8%
- Net Income-$23M-282.0%
- Return on Equity-23.11%-294.0%
- Net Interest Margin3.52%+19.3%
- Efficiency Ratio67.59%+73.7%
- ROA-1.77%-269.2%
- Equity / Assets6.73%-21.8%
- Book Value per Share21.15-12.5%
BAFN Price & Volume
BayFirst Financial Corp. (BAFN) stock price & volume — 10-year historical chart
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Structural Margin Compression Erodes Capital Adequacy Ratios
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial Position:Vulnerable
Cash Flow:Deteriorating
Primary Risk:SBA secondary market volatility
"BayFirst Financial Corp. faces significant fundamental headwinds as its reliance on the volatile SBA secondary market has collapsed, resulting in a 14.1% year-over-year decline in net interest income as of 2026Q1. The bank's inability to maintain operational leverage, evidenced by a 103.0% efficiency ratio, suggests that current business model adjustments are insufficient to offset persistent net interest margin compression of 0.8%. Investors should remain cautious as the erosion of shareholder equity, now at a 0.07 equity-to-assets ratio, limits the institution's capacity to absorb further credit stress or market volatility."
Verdict Logic
the bank's inability to generate organic capital, highlighted by a negative $5.7 million net income in 2026Q1, presents a substantial risk to long-term solvency.
BAFN Growth Metrics
BayFirst Financial Corp. (BAFN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years36.32%
5 Years-4.92%
3 Years16.2%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-347.13%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-422.32%
Return on Capital
10 Years1.27%
5 Years0.22%
3 Years-1.78%
Last Year-23.79%
Peers Comparison
Key metrics vs top competitors for BayFirst Financial Corp. (BAFN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $4.89 | $20.08M | -0.83 | -16.81% | -22.01% | -23.11% | 3.27% | |
| $23.54 | $227.02M | 16.12 | -9.41% | 16.49% | 8% | — | |
| $27.78 | $384.31M | 8.55 | -1.55% | 28.51% | 12.62% | — | |
| $76.75 | $845.45M | 14.82 | 11.72% | 21.42% | 12% | — | |
| $63.81 | $532.36M | 10.53 | 6.43% | 18.74% | 14.12% | — | |
| $30.54 | $276.11M | 15.58 | 27.11% | 18.05% | 11.51% | — |
Compare BAFN vs Peers
BayFirst Financial Corp. (BAFN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BAFN SEC Filings & Documents
BayFirst Financial Corp. (BAFN) SEC filings — annual & quarterly reports (10-K, 10-Q)
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BAFN Frequently Asked Questions
BayFirst Financial Corp. (BAFN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is BayFirst Financial Corp. growing?
BayFirst Financial Corp. (BAFN) saw revenue decline by 16.8% over the past year.
Is BAFN profitable?
BayFirst Financial Corp. (BAFN) reported a net loss of $28.3M for fiscal year 2025.
Dividend & Returns
Does BAFN pay dividends?
Yes, BayFirst Financial Corp. (BAFN) pays a dividend with a yield of 3.27%. This makes it attractive for income-focused investors.
What is BAFN's return on equity?
BayFirst Financial Corp. (BAFN) has a return on equity (ROE) of -23.1%. Negative ROE indicates the company is unprofitable.
Industry Metrics
What is BayFirst Financial Corp.'s net interest margin?
BayFirst Financial Corp. (BAFN) has a net interest margin (NIM) of 3.5%. This indicates healthy earnings from lending activities.
What is BayFirst Financial Corp.'s efficiency ratio?
BayFirst Financial Corp. (BAFN) has an efficiency ratio of 67.6%. This is higher than peers, suggesting room for cost optimization.