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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	82.67	78.83	63.19	36.49	43.26	43.09
Interest Income on Investments	3.93	3.98	5.33	2.07	0.57	0.64
Total Interest Income	86.6	82.81	68.52	38.57	43.83	43.73
Interest Paid on Deposits	38.89	42.87	30.8	7.84	4.89	7.49
Interest Paid on Borrowings	2.43	1.91	1.29	0.72	2.42	2.79
Total Interest Expense	41.32	44.78	32.09	8.57	7.3	10.28
Net Interest Income	45.28	38.03	36.43	30	36.53	33.45
Net Interest Income Growth (YoY)	24.91%	4.38%	21.44%	-17.87%	9.19%	91.88%
Gain (Loss) on Sale of Assets	11.65	11.65	-	-	-	-
Other Non-Interest Income	7.43	18.77	23.48	9.83	3.95	95.11
Total Non-Interest Income	40.78	60.47	49.76	31.55	21.97	97.7
Non-Interest Income Growth (YoY)	-22.89%	21.53%	57.70%	43.59%	-77.51%	83.90%
Revenues Before Loan Losses	86.06	98.5	86.19	61.55	58.5	131.15
Provision for Loan Losses	27.13	14.73	10.45	-0.7	-3.5	16.9
Revenue	58.93	83.77	75.74	62.25	62	114.25
Revenue Growth (YoY)	-22.68%	10.60%	21.67%	0.40%	-45.73%	85.20%
Salaries and Employee Benefits	32.62	35.05	35.94	28.9	27.09	69.44
Occupancy Expenses	3.71	3.78	3.64	2.08	1.06	2.57
Federal Deposit Insurance	1.55	1.25	0.88	0.46	0.44	0.44
Selling, General & Administrative	17.19	16.39	16.66	16.64	16.77	16.19
Other Non-Interest Expense	11.56	10.31	10.59	7.14	4.92	9.82
Total Non-Interest Expense	66.63	66.78	67.71	55.21	50.28	98.47
EBT Excluding Unusual Items	-7.7	16.99	8.03	7.04	11.72	15.78
Pretax Income	-14.96	16.99	8.03	7.04	11.72	15.78
Income Tax Expense	-4.26	4.32	2.12	1.56	2.69	3.08
Earnings From Continuing Operations	-10.7	12.67	5.92	5.48	9.03	12.7
Earnings From Discontinued Operations	-	-0.07	-0.21	-5.83	15.59	-
Net Income	-10.7	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	-12.24	11.06	4.74	-1.18	23.61	11.84
Net Income Growth	-	121.03%	-	-	93.80%	183.28%
Basic Shares Outstanding	4	4	4	4	4	3
Diluted Shares Outstanding	4	5	5	4	4	4
Shares Change (YoY)	-6.36%	0.15%	8.56%	3.67%	1.75%	-15.91%
EPS (Basic)	-2.96	2.68	1.16	-0.29	6.21	3.45
EPS (Diluted)	-2.96	2.62	1.12	-0.29	5.91	3.01
EPS Growth	-	134.31%	-	-	96.48%	254.97%
Dividend Per Share	0.240	0.320	0.320	0.320	0.277	0.179
Dividend Growth	-25.00%	-	-	15.52%	55.01%	-
Effective Tax Rate	-	25.40%	26.38%	22.17%	22.96%	19.49%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q