BayFirst Financial Corp. Common Stock (BAFN)

FairStock Score: 33/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at BayFirst as a tiny community bank with a $34.9M market cap and 148 employees. Banking is a commodity business, and a small bank's only durable edge is local underwriting and deposit relationships. The filed record is troubling. In fiscal Q2 2026, the quarter ended 2026-06-30, it reported a net loss of $32.7M and diluted EPS of $-8.05. That follows a net loss of $5.7M in fiscal Q1 2026, the quarter ended 2026-03-31, a net loss of $24.6M in fiscal year 2025, the year ended 2025-12-31, and a net loss of $18.9M in fiscal Q3 2025, the quarter ended 2025-09-30. Before that, fiscal year 2024, ended 2024-12-31, produced net income of $10.2M, and fiscal year 2023, ended 2023-12-31, produced $5.7M. This is a sudden collapse, not a steady compounder. FairStock calculates a P/B of 0.83 at the 2026-10-13 close of $5.20, a negative P/E of -0.46, ROE of -52.42%, a Piotroski F-Score of 2/9, and a FairStock Score of 33/100. The low price-to-book might attract a Graham-style asset buyer, but for a bank, book value is only as good as the loan book. Revenue is n/a in the filed extracts, so I cannot judge top-line trends. CET1, net interest margin, combined ratio, nonperforming loans, charge-offs and reserve coverage are not in the data, so I cannot assess credit safety. The Lynch classification is TURNAROUND — loss in the latest year after earlier profits. Turnarounds can be wonderful, but only if capital is intact and losses are temporary. Here, the latest quarterly loss almost equals the entire market cap, so the burden of proof is high.

In plain English: BayFirst is a small community bank serving businesses and individuals. It made money in 2023 and 2024 but has recently suffered very large losses, including a huge loss in the middle of 2026. The shares trade below the bank's stated net worth, which can look cheap, but the losses make it unclear whether that net worth is reliable.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K/A (period ended 2025-12-31) · FY2024 10-K/A (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer