$BAFN Market Cap: $54.4 Million
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Financial Snapshot

Revenue
Gross Margin
Net Earnings
$3.755M
TTM
Current Assets
Current Liabilities
$11.12M
Q3 2024
Current Ratio
Total Assets
$1.245B
Q3 2024
Total Liabilities
$1.143B
Q3 2024
Book Value
$102.3M
Q3 2024
Cash
$64.38M
Q3 2024
P/E
14.49
Nov 29, 2024 EST
Free Cash Flow
$417.3M
TTM

Revenues

Revenues

No data

Revenue YoY Change

No data

Revenues

Concept 2023 2022 2021 2020 2019 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988
Revenue
YoY Change

Expenses

Cost Of Revenues

No data

Gross Profit

No data

Gross Profit Margin

No data

Gross Profit

Concept 2023 2022 2021 2020 2019 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988
Revenue
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

No data

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

No data

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

No data

Operating Expenses Total

No data

Operating Profits/Loss

No data

Operational Expenses

Concept 2023 2022 2021 2020 2019 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.245M $1.715M $1.741M $1.411M $5.100M $500.0K $700.0K $500.0K $400.0K $300.0K $500.0K $300.0K $200.0K $200.0K $100.0K
YoY Change 30.9% -1.49% 23.39% -72.33% -28.57% 40.0% 25.0% 33.33% -40.0% 66.67% 50.0% 0.0% 100.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

No data

Other Expense/Income

No data

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988
Interest Expense $32.09M $8.566M $7.300M $10.28M
YoY Change 274.57% 17.34% -28.97%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

No data

Pretax & Net Income

Concept 2023 2022 2021 2020 2019 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988
Pretax Income $8.034M $7.038M $32.48M $15.78M $6.300M $7.100M $5.300M $7.400M $6.700M $6.500M $4.100M $2.700M $1.200M $2.100M $2.600M
YoY Change 14.15% -78.33% 105.84% 150.44% 33.96% -28.38% 10.45% 3.08% 58.54% 51.85% 125.0% -42.86% -19.23% 100.0%
Income Tax $2.119M $1.560M $7.860M $3.075M $1.800M $2.400M $1.000M $2.700M $2.500M $2.400M $1.600M $1.100M $500.0K $1.000M $800.0K
% Of Pretax Income 26.38% 22.17% 24.2% 19.49% 28.57% 33.8% 18.87% 36.49% 37.31% 36.92% 39.02% 40.74% 41.67% 47.62% 30.77%
Net Earnings $4.737M -$349.0K $24.62M $12.70M $4.500M $4.700M $4.300M $4.700M $4.200M $4.600M $2.500M $1.600M $600.0K $1.200M $1.700M
YoY Change -1457.31% -101.42% 93.8% 182.29% 9.3% -8.51% 11.9% -8.7% 84.0% 56.25% 166.67% -50.0% -29.41% 112.5%
Net Earnings / Revenue
Basic Earnings Per Share $1.16 -$0.29 $6.21 $3.45
Diluted Earnings Per Share $1.12 -$0.22 $5.74 $3.01 $1.406M $1.679M $1.593M $1.741M $1.556M $1.769M $961.5K $615.4K $250.0K $500.0K $708.3K

Assets & Liabilities

Cash & Short-Term Investments

No data

Cash & Equivalents

Cash To Operating Expenses Ratio

No data

Inventory

No data

Receivables

No data

Total Short-Term Assets

No data

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

No data

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

No data

Long Term Debt Due

No data

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

No data

Short-Term Assets To Debt Ratio

No data

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2023 2022 2021 2020 2019 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $41.29M $38.62M $34.20M $21.90M $19.30M $2.800M $3.000M $2.600M $2.400M $2.400M $2.400M $1.800M $1.800M $1.700M $1.800M
YoY Change 6.92% 12.92% 56.16% 13.47% -6.67% 15.38% 8.33% 0.0% 0.0% 33.33% 0.0% 5.88% -5.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $348.0K $2.191M $500.0K $3.800M $100.0K $700.0K $1.300M $500.0K $2.300M $700.0K $300.0K $300.0K $400.0K $200.0K $100.0K
YoY Change -84.12% 338.2% -86.84% 3700.0% -46.15% 160.0% -78.26% 228.57% 133.33% 0.0% -25.0% 100.0% 100.0%
Total Long-Term Assets
YoY Change
Total Assets $1.118B $938.9M $917.1M $1.545B $531.2M $537.8M $498.4M $453.0M $388.6M $351.6M $315.2M $181.0M $158.5M $143.2M $136.1M
YoY Change
Accounts Payable $882.0K $704.0K $300.0K $2.000M $200.0K $2.100M $1.800M $1.900M $1.800M $1.400M $1.500M $900.0K $800.0K $500.0K $300.0K
YoY Change 25.28% 134.67% -85.0% 900.0% 16.67% -5.26% 5.56% 28.57% -6.67% 66.67% 12.5% 60.0% 66.67%
Accrued Expenses $11.60M $15.74M $19.90M $21.90M $9.600M
YoY Change -26.32% -20.89% -9.13% 128.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $44.30M $36.30M $19.20M $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -100.0% 22.04% 89.06%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.48M $16.45M $20.20M $23.90M $9.800M $2.500M $2.300M $2.600M $2.800M $2.200M $2.000M $1.100M $900.0K $600.0K $400.0K
YoY Change -24.11% -18.58% -15.48% 143.88% 8.7% -11.54% -7.14% 27.27% 10.0% 81.82% 22.22% 50.0% 50.0%
Long-Term Debt $8.338M $8.836M $78.90M $891.0M $11.50M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -5.64% -88.8% -91.14% 7647.83%
Other Long-Term Liabilities $620.0K $1.658M
YoY Change -62.61%
Total Long-Term Liabilities $8.958M $10.49M $78.90M $891.0M $11.50M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -14.64% -86.7% -91.14% 7647.83%
Total Liabilities $1.017B $847.0M $820.8M $1.474B $479.9M $500.4M $465.8M $422.9M $365.5M $328.5M $296.4M $165.5M $144.3M $129.2M $123.1M
YoY Change 20.08% 3.19% -44.3% 207.06% 7.43% 10.14% 15.7% 11.26% 10.83% 79.09% 14.69% 11.69% 4.96%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2023 2022 2021 2020 2019 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988
Basic Shares Outstanding 4.100M shares 4.021M shares 3.803M shares 3.431M shares
Diluted Shares Outstanding 4.582M shares 4.221M shares 4.186M shares 4.001M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

No data

Dividends

Dividends

No data

Stock Price

Market Cap: $54.397 Million

About BayFirst Financial Corp.

BayFirst Financial Corp. is a bank holding company, which engages in the provision of banking services. The company is headquartered in Saint Petersburg, Florida and currently employs 295 full-time employees. The company went IPO on 2015-07-23. The Bank operates about 12 full-service banking offices throughout the Tampa Bay region and offers a range of commercial and consumer banking services to businesses and individuals. The Bank offers its products and services through its Community Banking Division and its separately branded loan origination platform, CreditBench. CreditBench is a government guaranteed lender with specific expertise in originating small business administration (SBA) 7(a) loans and United States Department of Agriculture (USDA) loans throughout the nation. The Bank offers specialized business and personal checking accounts, Internet banking and online bill payment, remote capture and deposit, cash management, and others. The Bank also offers customary community bank deposit products, including interest-bearing and noninterest-bearing checking accounts, and others.

Industry: State Commercial Banks Peers: PNC FINANCIAL SERVICES GROUP, INC. POTOMAC BANCSHARES INC Village Bank & Trust Financial Corp.