BayFirst Financial Corp. (BAFN)

BayFirst Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	82.4	78.83	63.19	36.49	43.26	43.09
Interest Income on Investments	3.99	3.98	5.33	2.07	0.57	0.64
Total Interest Income	86.39	82.81	68.52	38.57	43.83	43.73
Interest Paid on Deposits	40.92	42.87	30.8	7.84	4.89	7.49
Interest Paid on Borrowings	2.02	1.91	1.29	0.72	2.42	2.79
Total Interest Expense	42.94	44.78	32.09	8.57	7.3	10.28
Net Interest Income	43.45	38.03	36.43	30	36.53	33.45
Net Interest Income Growth (YoY)	23.46%	4.38%	21.44%	-17.87%	9.19%	91.88%
Gain (Loss) on Sale of Assets	11.65	11.65	-	-	-	-
Other Non-Interest Income	12.62	18.77	23.48	9.83	3.95	95.11
Total Non-Interest Income	54.09	60.47	49.76	31.55	21.97	97.7
Non-Interest Income Growth (YoY)	-2.17%	21.53%	57.70%	43.59%	-77.51%	83.90%
Revenues Before Loan Losses	97.54	98.5	86.19	61.55	58.5	131.15
Provision for Loan Losses	19.33	14.73	10.45	-0.7	-3.5	16.9
Revenue	78.21	83.77	75.74	62.25	62	114.25
Revenue Growth (YoY)	0.67%	10.60%	21.67%	0.40%	-45.73%	85.20%
Salaries and Employee Benefits	33.43	35.05	35.94	28.9	27.09	69.44
Occupancy Expenses	4.61	3.78	3.64	2.08	1.06	2.57
Federal Deposit Insurance	1.38	1.25	0.88	0.46	0.44	0.44
Selling, General & Administrative	16.29	16.39	16.66	16.64	16.77	16.19
Other Non-Interest Expense	10.03	10.31	10.59	7.14	4.92	9.82
Total Non-Interest Expense	65.74	66.78	67.71	55.21	50.28	98.47
EBT Excluding Unusual Items	12.47	16.99	8.03	7.04	11.72	15.78
Pretax Income	12.47	16.99	8.03	7.04	11.72	15.78
Income Tax Expense	3.13	4.32	2.12	1.56	2.69	3.08
Earnings From Continuing Operations	9.34	12.67	5.92	5.48	9.03	12.7
Earnings From Discontinued Operations	-	-0.07	-0.21	-5.83	15.59	-
Net Income	9.34	12.6	5.7	-0.35	24.62	12.7
Preferred Dividends & Other Adjustments	1.54	1.54	0.97	0.83	1.01	0.86
Net Income to Common	7.8	11.06	4.74	-1.18	23.61	11.84
Net Income Growth	77.32%	121.03%	-	-	93.80%	183.28%
Basic Shares Outstanding	4	4	4	4	4	3
Diluted Shares Outstanding	5	5	5	4	4	4
Shares Change (YoY)	-1.02%	0.15%	8.56%	3.67%	1.75%	-15.91%
EPS (Basic)	1.90	2.68	1.16	-0.29	6.21	3.45
EPS (Diluted)	1.90	2.62	1.12	-0.29	5.91	3.01
EPS Growth	102.38%	134.31%	-	-	96.48%	254.97%
Dividend Per Share	0.320	0.320	0.320	0.320	0.277	0.179
Dividend Growth	-	-	-	15.52%	55.01%	-
Effective Tax Rate	25.10%	25.40%	26.38%	22.17%	22.96%	19.49%

Updated May 13, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q