BayFirst Financial Management
Management criteria checks 2/4
BayFirst Financial's CEO is Tom Zernick, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is $614.59K, comprised of 52.1% salary and 47.9% bonuses, including company stock and options. directly owns 0.43% of the company’s shares, worth $229.63K. The average tenure of the management team and the board of directors is 1.3 years and 5.3 years respectively.
Key information
Tom Zernick
Chief executive officer
US$614.6k
Total compensation
| CEO salary percentage | 52.1% |
| CEO tenure | less than a year |
| CEO ownership | 0.4% |
| Management average tenure | 1.3yrs |
| Board average tenure | 5.3yrs |
Recent management updates
Recent updates
BayFirst Financial (NASDAQ:BAFN) Is Due To Pay A Dividend Of $0.08
Oct 31
BayFirst Financial (NASDAQ:BAFN) Will Pay A Dividend Of $0.08
Aug 01BayFirst Financial (NASDAQ:BAFN) Will Pay A Dividend Of $0.08
May 02BayFirst Financial (NASDAQ:BAFN) Is Paying Out A Dividend Of $0.08
Feb 07BayFirst Financial to discontinue network of residential mortgage LPOs
Sep 21First Home Bancorp GAAP EPS of $0.03, revenue of $25.35M
Jul 27Should You Be Adding BayFirst Financial (NASDAQ:BAFN) To Your Watchlist Today?
Dec 03CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$5m |
| Dec 31 2023 | US$615k | US$320k | US$5m |
| Sep 30 2023 | n/a | n/a | US$6m |
| Jun 30 2023 | n/a | n/a | US$7m |
| Mar 31 2023 | n/a | n/a | US$6m |
| Dec 31 2022 | US$399k | US$300k | US$5m |
| Sep 30 2022 | n/a | n/a | US$3m |
| Jun 30 2022 | n/a | n/a | -US$1m |
| Mar 31 2022 | n/a | n/a | US$527k |
| Dec 31 2021 | US$562k | US$291k | US$8m |
| Sep 30 2021 | n/a | n/a | US$13m |
| Jun 30 2021 | n/a | n/a | US$19m |
| Mar 31 2021 | n/a | n/a | US$20m |
| Dec 31 2020 | US$396k | US$240k | US$12m |
| Sep 30 2020 | n/a | n/a | US$8m |
| Dec 31 2019 | US$311k | US$153k | US$4m |
Compensation vs Market: Tom's total compensation ($USD614.59K) is about average for companies of similar size in the US market ($USD673.68K).
Compensation vs Earnings: Tom's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Tom Zernick (59 yo)
less than a year
Tenure
US$614,586
Compensation
Mr. Thomas G. Zernick, also known as Tom, serves as Chief Executive Officer of BayFirst Financial Corp. & BayFirst National Bank since January 01, 2024. He serves as Director of BayFirst Financial Corp. si...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | less than a year | US$614.59k | 0.43% $ 229.6k | |
| President & COO | 2.2yrs | US$473.41k | 0.24% $ 128.2k | |
| Executive VP & CFO | less than a year | no data | 0.035% $ 18.7k | |
| Chief Accounting Officer | less than a year | no data | 0.037% $ 19.6k | |
| Executive VP & CTO | 1.9yrs | no data | no data | |
| Executive VP | less than a year | no data | no data | |
| Executive VP & Chief Credit Officer | 4.3yrs | no data | no data | |
| President of Residential Mortgage Division | 3.5yrs | US$500.39k | no data |
1.3yrs
Average Tenure
54.5yo
Average Age
Experienced Management: BAFN's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.2yrs | US$614.59k | 0.43% $ 229.6k | |
| Director | 10.7yrs | US$688.62k | 0.89% $ 472.4k | |
| Independent Director | 2.2yrs | US$38.68k | 0.10% $ 53.4k | |
| Independent Chairman of the Board | 13.3yrs | US$66.68k | 1.32% $ 703.8k | |
| Independent Director | 10.3yrs | US$37.68k | 6.83% $ 3.6m | |
| Independent Director | 3.3yrs | US$56.43k | 0.12% $ 62.2k | |
| Director | 10.3yrs | US$55.93k | 1.05% $ 560.7k | |
| Independent Director | 13.3yrs | US$44.58k | 0.62% $ 328.6k | |
| Independent Director | 6.3yrs | US$51.18k | 0.60% $ 318.3k | |
| Independent Director | 4.3yrs | US$44.43k | 1.55% $ 828.4k | |
| Independent Director | 3.3yrs | US$36.93k | 0.11% $ 60.1k | |
| Independent Director | 4.3yrs | US$40.18k | 0.84% $ 447.2k |
5.3yrs
Average Tenure
49.5yo
Average Age
Experienced Board: BAFN's board of directors are considered experienced (5.3 years average tenure).