Announcement • Jun 30
BayFirst Financial Corp. to Report Q2, 2026 Results on Jul 30, 2026 BayFirst Financial Corp. announced that they will report Q2, 2026 results After-Market on Jul 30, 2026 New Risk • May 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 42% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$34.2m market cap). Announcement • May 01
BayFirst Financial Corp. has filed a Follow-on Equity Offering in the amount of $14.378252 million. BayFirst Financial Corp. has filed a Follow-on Equity Offering in the amount of $14.378252 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 4,108,072
Price\Range: $3.5
Discount Per Security: $0.07
Transaction Features: Rights Offering Announcement • Mar 31
BayFirst Financial Corp. to Report Q1, 2026 Results on Apr 30, 2026 BayFirst Financial Corp. announced that they will report Q1, 2026 results After-Market on Apr 30, 2026 Board Change • Mar 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. President, COO & Director Robin Oliver was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 14
BayFirst Financial Corp. Announces Executive Changes, Effective February 13, 2026 In connection with a company-wide reduction, BayFirst Financial Corp. (the “Company”) has eliminated the position of Chief Accounting Officer. Therefore, effective February 13, 2026, Rhonda S. Tudor will no longer be employed with the Company or serve as its principal accounting officer. Scott J. McKim, the Company’s Executive Vice President and Chief Financial Officer, will act as the Company’s principal accounting officer following the effective date of Ms. Tudor’s departure. Reported Earnings • Feb 01
Full year 2025 earnings released: US$5.93 loss per share (vs US$2.69 profit in FY 2024) Full year 2025 results: US$5.93 loss per share (down from US$2.69 profit in FY 2024). Revenue: US$39.6m (down 53% from FY 2024). Net loss: US$24.5m (down 320% from profit in FY 2024). Non-performing loans: 1.86% (up from 1.43% in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. Announcement • Jan 30
BayFirst Financial Corp. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2025 BayFirst Financial Corp. reported net charge-offs for the fourth quarter ended December 31, 2025. Net charge-offs for the fourth quarter of 2025 were $4.6 million, which was an increase from $3.3 million for the third quarter of 2025 and an increase from $3.4 million for the fourth quarter of 2024. Buy Or Sell Opportunity • Jan 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to US$6.52. The fair value is estimated to be US$8.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jan 12
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to US$6.75. The fair value is estimated to be US$8.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Meanwhile, the company became loss making. Announcement • Dec 31
BayFirst Financial Corp. to Report Q4, 2025 Results on Jan 29, 2026 BayFirst Financial Corp. announced that they will report Q4, 2025 results After-Market on Jan 29, 2026 Reported Earnings • Nov 02
Third quarter 2025 earnings released: US$4.66 loss per share (vs US$0.18 profit in 3Q 2024) Third quarter 2025 results: US$4.66 loss per share (down from US$0.18 profit in 3Q 2024). Net loss: US$19.3m (down US$20.0m from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year and the company’s share price has also fallen by 19% per year. Buy Or Sell Opportunity • Oct 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 32% to US$8.90. The fair value is estimated to be US$11.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Oct 31
BayFirst Financial Corp. Reports Net Charge Offs for the Third Quarter Ended September 30, 2025 BayFirst Financial Corp. reported net charge offs for the third quarter ended September 30, 2025. For the quarter, the company reported Net charge-offs for the third quarter of 2025 were $3.3 million, which was a decrease from $6.8 million for the second quarter of 2025 and an increase from $2.8 million for the third quarter of 2024. Announcement • Sep 30
BayFirst Financial Corp. to Report Q3, 2025 Results on Oct 30, 2025 BayFirst Financial Corp. announced that they will report Q3, 2025 results After-Market on Oct 30, 2025 Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to US$10.37, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 12x in the Banks industry in the US. Total loss to shareholders of 33% over the past three years. Buy Or Sell Opportunity • Sep 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 40% to US$8.95. The fair value is estimated to be US$11.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to US$9.33, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 12x in the Banks industry in the US. Total loss to shareholders of 47% over the past three years. New Risk • Aug 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$27.4m market cap). Buy Or Sell Opportunity • Aug 18
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 44% to US$8.52. The fair value is estimated to be US$11.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$12.30, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 11x in the Banks industry in the US. Total loss to shareholders of 31% over the past three years. Reported Earnings • Jul 30
Second quarter 2025 earnings released: US$0.39 loss per share (vs US$0.12 profit in 2Q 2024) Second quarter 2025 results: US$0.39 loss per share (down from US$0.12 profit in 2Q 2024). Revenue: US$15.9m (down 11% from 2Q 2024). Net loss: US$1.62m (down 431% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jul 30
BayFirst Financial Corp. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2025 BayFirst Financial Corp. Reported Net Charge-Offs for the Second Quarter Ended June 30, 2025. For the quarter, the company reported Net charge-offs of $6,799,000 against $3,261,000 a year ago. Announcement • Jun 30
BayFirst Financial Corp. to Report Q2, 2025 Results on Jul 29, 2025 BayFirst Financial Corp. announced that they will report Q2, 2025 results After-Market on Jul 29, 2025 Upcoming Dividend • May 23
Upcoming dividend of US$0.08 per share Eligible shareholders must have bought the stock before 30 May 2025. Payment date: 15 June 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (2.7%). Reported Earnings • Apr 28
First quarter 2025 earnings released: US$0.17 loss per share (vs US$0.12 profit in 1Q 2024) First quarter 2025 results: US$0.17 loss per share (down from US$0.12 profit in 1Q 2024). Revenue: US$15.4m (down 19% from 1Q 2024). Net loss: US$720.0k (down 245% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Apr 25
BayFirst Financial Corp. Declares Cash Dividend for Second Quarter of 2025, Payable on June 15, 2025 On April 22, 2025, BayFirst’s Board of Directors declared a second quarter 2025 cash dividend of $0.08per common share. The dividend will be payable June 15, 2025 to common shareholders of record as of June 1, 2025. The Company has continuously paid quarterly common stock cash dividends since 2016. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$15.92, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 11x in the Banks industry in the US. Total loss to shareholders of 25% over the past three years. Announcement • Apr 07
BayFirst Financial Corp., Annual General Meeting, May 15, 2025 BayFirst Financial Corp., Annual General Meeting, May 15, 2025. Location: st. petersburg marriott clearwater, 12600 roosevelt boulevard north, florida 33716, st. petersburg United States Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$14.89, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 11x in the Banks industry in the US. Total loss to shareholders of 31% over the past three years. Announcement • Mar 31
BayFirst Financial Corp. to Report Q1, 2025 Results on Apr 24, 2025 BayFirst Financial Corp. announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on Apr 24, 2025 Buy Or Sell Opportunity • Mar 14
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 41% to US$18.58. The fair value is estimated to be US$15.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 23%. Upcoming Dividend • Feb 21
Upcoming dividend of US$0.08 per share Eligible shareholders must have bought the stock before 28 February 2025. Payment date: 15 March 2025. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (2.4%). Buy Or Sell Opportunity • Feb 19
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 42% to US$18.30. The fair value is estimated to be US$15.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 23%. Declared Dividend • Feb 03
Fourth quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 28th February 2025 Payment date: 15th March 2025 Dividend yield will be 2.0%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 16% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 31
Full year 2024 earnings released: EPS: US$2.70 (vs US$1.21 in FY 2023) Full year 2024 results: EPS: US$2.70 (up from US$1.21 in FY 2023). Revenue: US$83.8m (up 11% from FY 2023). Net income: US$11.1m (up 125% from FY 2023). Profit margin: 13% (up from 6.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$15.72, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 12x in the Banks industry in the US. Total loss to shareholders of 18% over the past three years. Buy Or Sell Opportunity • Dec 31
Now 20% undervalued Over the last 90 days, the stock has risen 1.1% to US$13.30. The fair value is estimated to be US$16.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 21%. Announcement • Dec 31
BayFirst Financial Corp. to Report Q4, 2024 Results on Jan 30, 2025 BayFirst Financial Corp. announced that they will report Q4, 2024 results After-Market on Jan 30, 2025 Buy Or Sell Opportunity • Dec 13
Now 21% undervalued Over the last 90 days, the stock has risen 4.0% to US$13.22. The fair value is estimated to be US$16.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 21%. Upcoming Dividend • Nov 22
Upcoming dividend of US$0.08 per share Eligible shareholders must have bought the stock before 29 November 2024. Payment date: 15 December 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of American dividend payers (4.3%). In line with average of industry peers (2.6%). Buy Or Sell Opportunity • Nov 11
Now 20% undervalued Over the last 90 days, the stock has risen 1.7% to US$13.43. The fair value is estimated to be US$16.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 15%. Declared Dividend • Oct 28
Third quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 29th November 2024 Payment date: 15th December 2024 Dividend yield will be 2.5%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 16% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 71% to shift the payout ratio to a potentially unsustainable range, which is more than the 10% EPS decline seen over the last 5 years. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: US$0.18 (vs US$0.43 in 3Q 2023) Third quarter 2024 results: EPS: US$0.18 (down from US$0.43 in 3Q 2023). Revenue: US$18.6m (down 7.3% from 3Q 2023). Net income: US$752.0k (down 57% from 3Q 2023). Profit margin: 4.0% (down from 8.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year and the company’s share price has also fallen by 21% per year. Announcement • Oct 25
Bayfirst Financial Corp. Declares A Quarterly Cash Dividend, Payable December 15, 2024 BayFirst Financial Corp. declared a quarterly cash dividend of $0.08 per common share. The dividend will be payable December 15, 2024 to common shareholders of record as of December 1, 2024. The Company has continuously paid quarterly common stock cash dividends since 2016. Announcement • Sep 30
BayFirst Financial Corp. to Report Q3, 2024 Results on Oct 24, 2024 BayFirst Financial Corp. announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Oct 24, 2024 Buy Or Sell Opportunity • Aug 28
Now 21% undervalued Over the last 90 days, the stock has risen 23% to US$13.74. The fair value is estimated to be US$17.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 45%. Declared Dividend • Jul 29
Second quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 30th August 2024 Payment date: 15th September 2024 Dividend yield will be 2.5%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 16% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 64% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.9% EPS decline seen over the last 5 years. Reported Earnings • Jul 28
Second quarter 2024 earnings released: EPS: US$0.12 (vs US$0.29 in 2Q 2023) Second quarter 2024 results: EPS: US$0.12 (down from US$0.29 in 2Q 2023). Revenue: US$17.8m (down 2.4% from 2Q 2023). Net income: US$490.0k (down 60% from 2Q 2023). Profit margin: 2.7% (down from 6.6% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Jul 26
BayFirst Financial Corp. Declares Third Quarter 2024 Cash Dividend, Payable on September 15, 2024 BayFirst Financial Corp. declared a third quarter 2024 cash dividend of $0.08 per common share. The dividend will be payable September 15, 2024 to common shareholders of record as of September 1, 2024. Announcement • Jun 29
BayFirst Financial Corp. to Report Q2, 2024 Results on Jul 25, 2024 BayFirst Financial Corp. announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Jul 25, 2024 Upcoming Dividend • May 24
Upcoming dividend of US$0.08 per share Eligible shareholders must have bought the stock before 31 May 2024. Payment date: 15 June 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (3.0%). Declared Dividend • Apr 29
First quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 31st May 2024 Payment date: 15th June 2024 Dividend yield will be 2.5%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 21% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 77% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.8% EPS decline seen over the last 5 years. Reported Earnings • Apr 01
Full year 2023 earnings released: EPS: US$1.21 (vs US$1.16 in FY 2022) Full year 2023 results: EPS: US$1.21 (up from US$1.16 in FY 2022). Revenue: US$75.7m (up 22% from FY 2022). Net income: US$4.95m (up 6.5% from FY 2022). Profit margin: 6.5% (down from 7.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Mar 29
BayFirst Financial Corp. to Report Q1, 2024 Results on Apr 25, 2024 BayFirst Financial Corp. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on Apr 25, 2024 Announcement • Mar 19
BayFirst Financial Corp., Annual General Meeting, May 16, 2024 BayFirst Financial Corp., Annual General Meeting, May 16, 2024, at 16:30 US Eastern Standard Time. Location: 12600 Roosevelt Boulevard North St St Petersburg Florida United States Upcoming Dividend • Feb 22
Upcoming dividend of US$0.08 per share Eligible shareholders must have bought the stock before 29 February 2024. Payment date: 15 March 2024. Trailing yield: 2.5%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$13.44, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 10x in the Banks industry in the US. Total loss to shareholders of 22% over the past three years. Declared Dividend • Feb 01
Fourth quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 29th February 2024 Payment date: 15th March 2024 Dividend yield will be 2.5%, which is lower than the industry average of 3.1%. Sustainability & Growth The dividend has increased by an average of 21% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 71% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.0% EPS decline seen over the last 5 years. Reported Earnings • Jan 26
Full year 2023 earnings released: EPS: US$1.21 (vs US$1.16 in FY 2022) Full year 2023 results: EPS: US$1.21 (up from US$1.16 in FY 2022). Revenue: US$75.7m (up 22% from FY 2022). Net income: US$4.95m (up 6.5% from FY 2022). Profit margin: 6.5% (down from 7.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Dec 30
BayFirst Financial Corp. to Report Q4, 2023 Results on Jan 25, 2024 BayFirst Financial Corp. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Jan 25, 2024 Announcement • Dec 02
BayFirst Financial Corp. announced that it has received $0.731 million in funding BayFirst Financial Corp. announced that it has entered into a Stock Purchase Agreement that it has issued 731 shares of Series C Cumulative Convertible Preferred Stock at $1,000 per share for the gross proceeds of $731,000 on November 30, 2023. The Company issued the shares in reliance on the exemption from registration set forth in Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506 promulgated thereunder. Upcoming Dividend • Nov 24
Upcoming dividend of US$0.08 per share at 3.0% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of American dividend payers (5.0%). Lower than average of industry peers (3.6%). Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: US$0.43 (vs US$0.71 in 3Q 2022) Third quarter 2023 results: EPS: US$0.43 (down from US$0.71 in 3Q 2022). Revenue: US$20.1m (up 10% from 3Q 2022). Net income: US$1.76m (down 39% from 3Q 2022). Profit margin: 8.8% (down from 16% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Oct 20
BayFirst Financial Corp. announced that it has received $1.995 million in funding BayFirst Financial Corp. announced that it has entered into a securities purchase agreement to issue 1,995 shares of Series C Cumulative Convertible Preferred Stock at a price of $1,000 per share for the gross proceeds of $1.995 million on October 18, 2023. The transaction will include participation from 12 investors. The Company issued the shares in reliance on the exemption from registration set forth in Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506 promulgated thereunder. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$10.44, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 8x in the Banks industry in the US. Total loss to shareholders of 18% over the past three years. Announcement • Sep 30
BayFirst Financial Corp. to Report Q3, 2023 Results on Oct 26, 2023 BayFirst Financial Corp. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Oct 26, 2023 Upcoming Dividend • Aug 24
Upcoming dividend of US$0.08 per share at 2.3% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (3.7%). Announcement • Jul 29
BayFirst Financial Corp. Declares Third Quarter 2023 Cash Dividend, Payable on September 15, 2023 On July 25, 2023, BayFirst’s Board of Directors declared a third quarter 2023 cash dividend of $0.08 per common share. The dividend will be payable September 15, 2023 to common shareholders of record as of September 1, 2023. Announcement • Jul 27
BayFirst Financial Corp. and BayFirst National Bank Announce Chief Financial Officer Changes BayFirst Financial Corp. announced the appointment of Scott J. McKim as Chief Financial Officer (CFO) of BayFirst Financial Corp. and its wholly owned subsidiary, St. Petersburg, Fla.-based BayFirst National Bank. A 25-year industry veteran and Lithia, Fla. resident, Mr. McKim joins BayFirst from 121 Financial Credit Union in Jacksonville, Fla., where he served as chief strategy officer since June 2022. He previously held the roles of CFO and chief lending officer of Publix Employees Federal Credit Union in Lakeland, Fla. and chief lending officer for American Heritage Federal Credit Union in Philadelphia, Pa. Before that Mr. McKim served in leadership roles at multiple financial institutions, most notably as director of corporate finance and a divisional CFO for Huntington Bancshares. With Mr. McKims appointment, Robin L. Oliver, who remained BayFirsts Chief Financial Officer following her promotion to Chief Operating Officer (COO) in February 2022, will continue in the sole role of COO. Mr. McKim holds a Masters in Business Administration degree from The Ohio State University and a Bachelors in Accounting degree from Bowling Green University. He serves on the Board of Directors and as treasurer for Golfers vs. Brain Cancer. Announcement • Jul 01
BayFirst Financial Corp. to Report Q2, 2023 Results on Jul 27, 2023 BayFirst Financial Corp. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Jul 27, 2023 Upcoming Dividend • May 24
Upcoming dividend of US$0.08 per share at 2.2% yield Eligible shareholders must have bought the stock before 31 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (3.7%). Reported Earnings • Apr 02
Full year 2022 earnings released: EPS: US$1.16 (vs US$2.11 in FY 2021) Full year 2022 results: EPS: US$1.16 (down from US$2.11 in FY 2021). Revenue: US$62.3m (flat on FY 2021). Net income: US$4.65m (down 42% from FY 2021). Profit margin: 7.5% (down from 13% in FY 2021). Net interest margin (NIM): 3.97% (up from 3.23% in FY 2021). Non-performing loans: 0.51% (down from 0.68% in FY 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 21
Upcoming dividend of US$0.08 per share at 1.7% yield Eligible shareholders must have bought the stock before 28 February 2023. Payment date: 15 March 2023. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (3.0%). Announcement • Jan 28
BayFirst Financial Corp. and BayFirst National Bank Announce Board Changes On January 24, 2023, Director Harold Winner notified the Board of Directors of BayFirst Financial Corp. (company) and its wholly-owned subsidiary, BayFirst National Bank (the Bank), of his decision to retire from the Boards of Directors of the company and the Bank effective January 24, 2023. Mr. Winner has served as a member of the company's and Bank's Boards of Directors for 11 years. Mr. Winner was a member of the company's Corporate Governance/Nominating Committee, Compensation Committee and Executive Committee. Mr. Winner will serve as a Director Emeritus of the company, effective January 25, 2023. Reported Earnings • Jan 27
Full year 2022 earnings released: EPS: US$1.14 (vs US$6.21 in FY 2021) Full year 2022 results: EPS: US$1.14 (down from US$6.21 in FY 2021). Revenue: US$62.3m (down 61% from FY 2021). Net income: US$4.65m (down 80% from FY 2021). Profit margin: 7.5% (down from 15% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.