Bayfirst Financial Corp
bayfirstfinancialir.comBayFirst Financial Corp (NASDAQ: BAFN) is a Florida-based bank holding company that operates a community bank offering residential mortgage, consumer, and commercial loans. It earns money through net interest income on its loan portfolio and noninterest income streams including gain on sale of government guaranteed loans, loan servicing income, government guaranteed loan packaging fees, and service charges and fees. The bank originates residential mortgage loans for sale in the secondary market via a broker arrangement, retains select portfolio loans underwritten to the borrower's financial profile, and services government guaranteed loans. Its operations are concentrated in Florida markets, exposing it to hurricane, tropical storm, and flood risk. As of the 10-K filed March 27, 2026 covering fiscal year ended December 31, 2025, the company had authorized a stock repurchase program of up to $2,000,000, which was terminated by the Board on October 28, 2025 after 18,029 shares were repurchased during the year.
Products & Services
Residential mortgage loans (held-for-sale and held-for-portfolio), consumer loans, commercial loans, government guaranteed loan origination and packaging, loan servicing, and deposit accounts with associated service charges and fees.
Revenue Model
Net interest income from loans held in portfolio, gain on sale of government guaranteed loans, loan servicing income, government guaranteed loan packaging fees, and service charges and fees. Residential mortgage loans originated for sale are underwritten to secondary market standards and sold; portfolio loans are retained on balance sheet.
Customers & Markets
Individual borrowers (residential mortgage and consumer lending) and commercial borrowers in Florida community markets. Government guaranteed loan programs serve as a distinct end market with packaging and servicing fee income.
Geographic Exposure
Operations concentrated in Florida, as disclosed in the 10-K filed March 27, 2026. Exposure to hurricane, tropical storm, and flood risk specific to Florida market areas.
Financial Snapshot
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