BAYFIRST FINANCIAL CORP. (BAFN)

Import this data to Google Sheets with:

=jivedata("BAFN","financials")

Full statements spill as a table. For one cell: =jivedata("BAFN","Revenue") or =jivedata("BAFN","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.

BAYFIRST FINANCIAL CORP.

BAFN • CIK 0001649739

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Interest and Fee Income, Loans and Leases	$63,189	$78,831	$81,244	$70,758
Interest Income, Deposits with Financial Institutions	$5,328	$3,979	$4,550	$5,641
Interest Income, Operating	$68,517	$82,810	$85,794	$76,399
Interest Income (Expense), Net	$36,431	$38,026	$45,785	$41,300
Interest Income (Expense), after Provision for Loan Loss	$25,986	$23,300	$21,199	$-4,003
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$8,034	$16,987	$-30,830	$-80,724
Income Tax Expense (Benefit)	$2,119	$4,315	$-7,893	$-20,764
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	$5,915	$12,672	$-22,937	$-59,960
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	$-283	$-92	$0	$0
Discontinued Operation, Tax Effect of Discontinued Operation	$-70	$-23	$0	$0
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	$-213	$-69	$0	$0
Net Income (Loss) Attributable to Parent	$5,702	$12,603	$-22,937	$-59,960
Preferred Stock Dividends, Income Statement Impact	$965	$1,541	$1,541	$1,541
Net Income (Loss) Available to Common Stockholders, Basic	$4,737	$11,062	$-24,478	$-61,501
Interest Expense, Deposits	$30,795	$42,872	$37,740	$33,770
Interest Expense, Borrowings	$1,291	$1,912	$2,269	$1,329
InterestExpenseOperating	—	$44,784	$40,009	$35,099
Gain (Loss) on Sales of Loans, Net	$24,553	$28,252	$11,720	$-1,840
Fair Value, Option, Changes in Fair Value, Gain (Loss)	$15,718	$9,843	$-1,075	$-9,763
Gain (Loss) on Disposition of Property Plant Equipment	—	$11,649	$0	$-21
Noninterest Income, Other	$4,937	$1,726	$1,347	$735
Noninterest Income	$49,755	$60,469	$18,396	$-7,075
Labor and Related Expense	$30,973	$31,063	$28,429	$22,719
Occupancy, Net	$4,758	$4,848	$6,068	$5,575
Information Technology and Data Processing	$5,611	$6,745	$7,859	$7,874
Marketing and Advertising Expense	$3,336	$2,050	$1,433	$823
Professional Fees	$3,657	$3,882	$3,456	$4,278
Restructuring Charges	—	—	$7,283	$7,283
Other Noninterest Expense	$3,163	$3,923	$3,519	$4,784
Noninterest Expense	$67,707	$66,782	$70,425	$69,646
Weighted Average Number of Shares Outstanding, Basic	4,100,114	4,133,082	4,129,655	4,101,086
Net Income (Loss) Available to Common Stockholders, Diluted	$5,126	$12,028	$-24,478	$-61,501
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock	481,099	455,426	0	0
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	604	0	0	0
Weighted Average Number of Shares Outstanding, Diluted	4,581,817	4,588,509	4,129,655	4,101,086

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Cash and Due from Banks	$4,099	$4,499	$5,123	$5,641
Interest-bearing Deposits in Banks and Other Financial Institutions	$54,286	$73,289	$201,859	$133,524
Cash and Cash Equivalents, at Carrying Value	$58,385	$77,788	$206,982	$139,165
DebtSecuritiesAvailableForSaleExcludingAccruedInterest	$39,575	$36,291	$29,363	$27,778
DebtSecuritiesHeldToMaturityExcludingAccruedInterestAfterAllowanceForCreditLoss	$2,484	$2,488	$2,493	$2,493
Loans Receivable, Fair Value Disclosure	$91,508	$60,833	$54,076	$43,847
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss	$812,048	$1,005,726	$909,818	$838,993
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest	$13,497	$15,512	$21,996	$45,081
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss	$810,721	$990,214	$887,822	$793,912
Financing Receivable, Accrued Interest, before Allowance for Credit Loss	$7,130	$9,155	$8,421	$5,127
Servicing Asset at Amortized Cost	$14,959	$16,534	$12,580	$9,942
Deferred Income Tax Assets, Net	$0	—	$6,538	$21,253
Operating Lease, Right-of-Use Asset	$2,416	$15,814	$14,504	$13,720
Bank Owned Life Insurance	$25,800	$26,513	$27,264	$27,654
Other Real Estate	—	$132	$400	$532
Other Assets	$16,150	$12,490	$13,971	$16,093
Assets	$1,117,766	$1,288,297	$1,300,258	$1,134,925
Noninterest-bearing Deposit Liabilities	$93,708	$101,743	$95,731	$116,788
Interest-bearing Deposit Liabilities	$259,422	$256,793	$231,227	$135,628
Time Deposits	$259,008	$310,268	$402,341	$313,525
Deposits	$985,138	$1,143,229	$1,183,938	$988,874
Subordinated Debt	$5,949	$5,956	$5,962	$5,966
Notes Payable	$2,389	$1,934	$1,593	$1,252
Interest Payable	$882	$1,036	$1,133	$597
Deferred Income Tax Liabilities, Net	$482	$301	$0	$0
Accrued Liabilities and Other Liabilities	$8,980	$10,411	$6,799	$9,641
Liabilities	$1,017,059	$1,177,377	$1,212,689	$1,019,024
Common Stocks, Including Additional Paid in Capital	$54,521	$54,764	$54,371	$54,382
Accumulated Other Comprehensive Income (Loss), Net of Tax	$-2,981	$-2,956	$-1,960	$-2,111
Deferred Compensation Equity	$958	$752	$335	$245
Retained Earnings (Accumulated Deficit)	$34,395	$44,134	$19,763	$-26,363
Stockholders' Equity Attributable to Parent	$100,707	$110,920	$87,569	$115,901
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss	$43,597	$40,279	$31,974	$30,591
DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest	$17	$12	$7	$7
Debt Securities, Held-to-maturity, Fair Value	$2,263	$2,346	$2,384	$2,371
Common Stock, Shares Authorized	15,000,000	15,000,000	15,000,000	15,000,000
Common Stock, Shares, Issued	4,110,470	4,132,986	4,108,069	4,106,905

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	$5,915	$12,672	$-22,937	$-59,960
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	$-213	$-69	$0	$0
Net Income (Loss) Attributable to Parent	$5,702	$12,603	$-22,937	$-59,960
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$-7,661	$19,403	$129,194	$61,866
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	$455,185	$390,875	$285,295	$208,740
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$58,385	$77,788	$206,982	$278,293
Cash Provided by (Used in) Operating Activities, Discontinued Operations	$-388	$-341	$0	$0
Net Cash Provided by (Used in) Operating Activities	$454,797	$390,534	$285,295	$144,995
Payments to Acquire Debt Securities, Available-for-sale	$0	$4,458	$5,718	$0
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale	$3,682	$7,664	$2,874	$2,808
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities	$2,500	$0	$11,109	$0
Payments to Acquire Loans Held-for-investment	$111,842	$4,414	$0	$0
Proceeds from Sale of Property, Plant, and Equipment	—	$14,746	$0	$0
Payments to Acquire Property, Plant, and Equipment	$7,582	$1,690	$300	$141
Proceeds from Sale of Other Real Estate	$2,314	$1,619	$155	$0
Proceeds from Sales of Assets, Investing Activities	—	—	$59	$59
Net Cash Provided by (Used in) Investing Activities	$-641,276	$-515,933	$-194,943	$59,012
Increase (Decrease) in Deposits	$190,068	$158,091	$40,709	$-174,922
Repayments of Other Short-term Debt	—	—	$0	$0
Repayments of Notes Payable	$455	$455	$341	$455
Proceeds from Issuance of Common Stock	$289	$-23	$50	$77
Payments for Repurchase of Common Stock	$13	$0	$335	$0
Payments of Ordinary Dividends, Common Stock	$1,313	$1,323	$663	$0
Payments of Ordinary Dividends, Preferred Stock and Preference Stock	$965	$1,541	$771	$1,542
Net Cash Provided by (Used in) Financing Activities	$178,818	$144,802	$38,842	$-142,141
Depreciation, Depletion and Amortization	$2,245	$2,464	$2,188	$2,109
Amortization of Debt Issuance Costs	$7	$7	$6	$7
Amortization of Debt Discount (Premium)	$591	$714	$1,087	$708
Accretion (Amortization) of Discounts and Premiums, Investments	$2,993	$3,118	$3,716	$3,536
Deferred Income Taxes and Tax Credits	$2,119	$-189	$-7,221	$-20,409
Amortization of Deferred Loan Origination Fees, Net	$4,276	$2,821	$0	$-1,466
Proceeds from Sale of Loans Held-for-sale	$484,021	$406,191	$298,162	$152,506
Gain (Loss) on Sales of Loans, Net	$24,553	$28,252	$11,720	$-1,840
Fair Value, Option, Changes in Fair Value, Gain (Loss)	$15,718	$9,843	$-1,075	$-9,763
Amortization of Mortgage Servicing Rights (MSRs)	$4,507	$6,258	$6,928	$5,891
Gain (Loss) on Disposition of Property Plant Equipment	—	$11,649	$0	$-21
Gains (Losses) on Sales of Other Real Estate	$355	$-14	$423	$0
Share-based Payment Arrangement, Noncash Expense	$604	$396	$99	$126
Bank Owned Life Insurance Income	$641	$713	$751	$773
Interest Paid, Excluding Capitalized Interest, Operating Activities	$31,908	$44,630	$39,912	$35,650
Income Taxes Paid, Net	$97	$8	$5,296	$26
Debt Securities, Available-for-sale, Unrealized Gain (Loss)	$743	$25	$996	$257
Transfer of Portfolio Loans and Leases to Held-for-sale	$463,752	$382,951	$295,623	$160,312
Transfer of Loans Held-for-sale to Portfolio Loans	—	—	$4,516	$4,516
Transfer from Investments	$0	$536	$0	$0
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$0	$14,276	$0	$0
Increase (Decrease) in Accrued Interest Receivable, Net	$2,678	$2,025	$-734	$-2,264
Increase (Decrease) in Other Operating Assets	$-117	$7,891	$1,174	$-320
Increase (Decrease) in Interest Payable, Net	$178	$154	$97	$-551
Increase (Decrease) in Other Operating Liabilities	$-4,472	$13,645	$-5,013	$-38

Loading financial statements…

Import this data to Google Sheets with:

=jivedata("BAFN","financials")

Full statements spill as a table. For one cell: =jivedata("BAFN","Revenue") or =jivedata("BAFN","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.