BayFirst Financial Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Interest Income on Loans	75.8	63.19	36.49	43.26	43.09	24.43
Interest Income on Investments	4.11	5.33	2.07	0.57	0.64	1.27
Total Interest Income	79.91	68.52	38.57	43.83	43.73	25.7
Interest Paid on Deposits	41.99	30.8	7.84	4.89	7.49	7.32
Interest Paid on Borrowings	1.67	1.29	0.72	2.42	2.79	0.95
Total Interest Expense	43.66	32.09	8.57	7.3	10.28	8.27
Net Interest Income	36.25	36.43	30	36.53	33.45	17.43
Net Interest Income Growth (YoY)	0.34%	21.44%	-17.87%	9.19%	91.88%	-
Other Non-Interest Income	26.08	25.2	9.83	3.95	95.11	31.91
Total Non-Interest Income	52.88	49.76	31.55	21.97	97.7	53.12
Non-Interest Income Growth (YoY)	21.66%	57.70%	43.59%	-77.51%	83.90%	-
Revenues Before Loan Losses	89.13	86.19	61.55	58.5	131.15	70.56
Provision for Loan Losses	12.92	10.45	-0.7	-3.5	16.9	8.87
Revenue	76.22	75.74	62.25	62	114.25	61.69
Revenue Growth (YoY)	7.06%	21.67%	0.40%	-45.73%	85.20%	-
Salaries and Employee Benefits	35.98	35.94	28.9	27.09	69.44	36.07
Occupancy Expenses	3.67	3.64	2.08	1.06	2.57	3.36
Federal Deposit Insurance	1.14	0.88	0.46	0.44	0.44	0.42
Selling, General & Administrative	17	16.66	16.64	16.77	16.19	9.41
Other Non-Interest Expense	12.14	10.59	7.14	4.92	9.82	6.14
Total Non-Interest Expense	69.91	67.71	55.21	50.28	98.47	55.39
EBT Excluding Unusual Items	6.3	8.03	7.04	11.72	15.78	6.3
Pretax Income	6.3	8.03	7.04	11.72	15.78	6.3
Income Tax Expense	1.75	2.12	1.56	2.69	3.08	1.81
Earnings From Continuing Operations	4.56	5.92	5.48	9.03	12.7	4.48
Earnings From Discontinued Operations	-0.08	-0.21	-5.83	15.59	-	-
Net Income	4.48	5.7	-0.35	24.62	12.7	4.48
Preferred Dividends & Other Adjustments	1.5	0.97	0.83	1.01	0.86	0.46
Net Income to Common	2.99	4.74	-1.18	23.61	11.84	4.02
Net Income Growth	-16.52%	-	-	93.80%	183.28%	-
Basic Shares Outstanding	3	4	4	4	3	3
Diluted Shares Outstanding	5	5	4	4	4	5
Shares Change (YoY)	11.80%	8.56%	3.67%	1.75%	-15.91%	-
EPS (Basic)	1.18	1.16	-0.29	6.21	3.45	1.27
EPS (Diluted)	0.73	1.12	-0.29	5.91	3.01	0.85
EPS Growth	-34.33%	-	-	96.49%	254.97%	-
Dividend Per Share	0.320	0.320	0.320	0.277	0.179	0.179
Dividend Growth	0%	0%	15.52%	55.01%	0%	-
Effective Tax Rate	27.71%	26.38%	22.17%	22.96%	19.49%	28.79%

Source: S&P Capital IQ. Banks template. Financial Sources.