BayFirst Financial Corp (BAFN) AI Stock Analysis

• Market Cap: $52.40M
• Dividend Yield: 2.34%
• Average Volume (3M): 17.19K
• Price to Earnings (P/E): 7.3
• Beta (1Y): 0.67
• Revenue Growth: 7.07%
• EPS Growth: 96.94%
• Country: US
• Employees: 305
• Sector: Financial
• Sector Strength: 73
• Industry: Banks - Regional
• EPS (TTM): -0.39
• Shares Outstanding: 4,129,027
• 10 Day Avg. Volume: 21,073
• 30 Day Avg. Volume: 17,187
• PEG Ratio: -1.27
• Price to Book (P/B): 0.52
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.17
• Enterprise Value/Market Cap: -0.25
• Enterprise Value/Revenue: -0.03
• Enterprise Value/Gross Profit: -0.21
• Enterprise Value/Ebitda: -0.16
• 1Y Price Target: $15.00
• Price Target Upside: 15.38% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 60 Neutral
• Price Target: $13.50 ▲(3.85%Upside)

The overall stock score reflects BayFirst Financial's strong financial management and low P/E valuation, which is offset by technical weaknesses and recent financial challenges. The suspension of dividends and strategic adjustments suggest caution, despite the financial stability indicated by the balance sheet and cash flows.

BayFirst Financial Corp Business Overview & Revenue Model

Company Description

BayFirst Financial Corp (BAFN) is a financial services company primarily engaged in providing a range of banking products and services. It operates through its subsidiaries, focusing on community banking, mortgage banking, and lending services. The company offers a variety of financial solutions, including personal and business banking accounts, commercial and residential mortgage loans, and other related financial services, catering to both individual and business clients.

How the Company Makes Money

BayFirst Financial Corp generates revenue primarily through interest income from its lending activities, including commercial and residential mortgage loans. The company also earns money through service charges and fees associated with its deposit accounts and other financial services. Additionally, BayFirst benefits from gain on sale of loans, particularly in its mortgage banking operations. Significant factors contributing to its earnings include its ability to maintain a strong loan portfolio, effective management of interest rate spreads, and strategic partnerships that enhance its service offerings.

BayFirst Financial Corp Financial Statement Overview

Summary

BayFirst Financial Corp demonstrates a strong financial position with robust revenue growth, improving profitability margins, and efficient cash flow management. The balance sheet is well-structured with low leverage, enhancing financial stability. However, the recent decline in revenue in 2025 TTM and a net loss in Q2 2025 indicate a need for cautious monitoring.

Income Statement

The income statement reveals a strong performance with consistently growing total revenue over the years, although there was a decline in 2025 TTM. The gross profit margin has been stable, and the net profit margin improved from a negative in 2022 to a positive in recent periods. The EBIT and EBITDA margins have also shown improvement, indicating efficient cost management. The overall trajectory is positive, with revenue growth primarily driven by an increase in gross profit.

Balance Sheet

The balance sheet shows a solid equity position with a reasonable debt-to-equity ratio, indicating low leverage. The return on equity has improved significantly over the last years, reflecting better returns to shareholders. The equity ratio is stable, pointing to a well-balanced structure between debt and equity. There are no immediate red flags, suggesting financial stability.

Cash Flow

Cash flow statements indicate robust operating cash flows, consistently covering capital expenditures with ample free cash flow. The free cash flow to net income ratio is strong, demonstrating high-quality earnings. Although there was a dip in operating cash flow in 2025 TTM, it remains positive. The company exhibits excellent cash generation ability, ensuring liquidity and financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	121.90M	125.24M	110.85M	66.41M	63.35M	134.09M
Gross Profit	62.81M	65.73M	68.32M	58.54M	59.55M	106.92M
EBITDA	24.40M	25.71M	14.79M	12.01M	16.05M	20.84M
Net Income	11.44M	12.60M	5.70M	-349.00K	24.62M	12.70M
Balance Sheet
Total Assets	1.29B	1.29B	1.12B	938.89M	917.10M	1.54B
Cash, Cash Equivalents and Short-Term Investments	71.56M	88.94M	102.61M	113.28M	143.00M	57.76M
Total Debt	41.88M	22.40M	20.96M	37.37M	12.71M	13.63M
Total Liabilities	1.18B	1.18B	1.02B	847.01M	820.80M	1.47B
Stockholders Equity	110.08M	110.92M	100.71M	91.88M	96.29M	71.07M
Cash Flow
Free Cash Flow	340.39M	388.84M	447.21M	432.19M	482.27M	-110.87M
Operating Cash Flow	341.15M	390.53M	454.80M	440.25M	495.39M	-107.82M
Investing Cash Flow	-457.89M	-515.93M	-641.28M	-510.61M	207.62M	-933.38M
Financing Cash Flow	122.37M	144.80M	178.82M	26.67M	-648.66M	985.98M

BayFirst Financial Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 13.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BAFN, the sentiment is Negative. The current price of 13 is below the 20-day moving average (MA) of 14.53, below the 50-day MA of 14.71, and below the 200-day MA of 14.89, indicating a bearish trend. The MACD of -0.27 indicates Positive momentum. The RSI at 37.16 is Neutral, neither overbought nor oversold. The STOCH value of 7.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BAFN.

BayFirst Financial Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	C$14.98B	7.85	20.39%	5.55%	33.66%	-23.75%
BAFN	60 Neutral	$52.40M	7.34	8.93%	2.34%	7.07%	96.94%
BYFC	60 Neutral	$74.49M	158.72	0.22%	―	2.54%	-174.74%
SSBI	58 Neutral	$80.79M	10.38	-1.64%	3.31%	-0.03%	-126.57%
CFSB	54 Neutral	$90.89M	―	>-0.01%	―	13.69%	77.14%

BayFirst Financial Corp Corporate Events

BayFirst Financial Reports Q2 Loss, Suspends Dividends

On July 30, 2025, BayFirst Financial Corp reported a net loss of $1.2 million for the second quarter, primarily due to higher provision expenses and write-downs on its loan portfolio. In response, the company has suspended dividend payments and Board fees as part of a strategic review to strengthen its balance sheet and enhance shareholder value. Despite the loss, BayFirst saw improvements in its net interest margin and growth in deposits, positioning itself as a leading community bank in Tampa Bay. The company also reported stable government guaranteed loan origination, with $106.4 million in new loans during the quarter.

BayFirst Financial Reports Q2 2025 Net Loss

BayFirst Financial Corp reported a net loss of $1.2 million for the second quarter of 2025, reflecting ongoing challenges in its credit portfolio and strategic adjustments to derisk its balance sheet. The company is focusing on strengthening its community banking operations, expanding its loan portfolio, and managing credit risk, while suspending dividends and board fees to enhance long-term shareholder value. Despite the economic uncertainties, BayFirst continues to see growth in its community bank loans and deposits, driven by a disciplined focus on relationship banking and tailored financial solutions.

BayFirst Financial Corp to Release Q2 Results Soon

BayFirst Financial Corp. announced that it will release its second quarter results on July 29, 2025, with a conference call scheduled for July 30, 2025, to discuss the outcomes. This announcement is significant for stakeholders as it provides an opportunity to gain insights into the company’s financial performance and strategic direction, potentially impacting its market position and investor confidence.

BayFirst Financial Holds Annual Shareholder Meeting

On May 15, 2025, BayFirst Financial Corp. held its Annual Meeting of Shareholders, where 62.2% of the outstanding shares were represented. During the meeting, 12 nominees were elected to serve as directors until the 2026 Annual Meeting, with varying numbers of votes for each nominee. Additionally, a proposal to adjourn the meeting for further proxy solicitation was deemed unnecessary, allowing the meeting to conclude without adjournment.

BayFirst Financial Corp Holds Successful Shareholder Meeting

On May 15, 2025, BayFirst Financial Corp. held its Annual Meeting of Shareholders, where all nominees were elected with at least 91% of the votes cast in favor. The approval of the proposal and election of nominees reflect strong shareholder support, potentially impacting the company’s governance and strategic direction positively.