Bayfirst Financial Corp
BayFirst Financial Corp. operates as the bank holding company for BayFirst National Bank that provides community banking services for small and medium sized businesses and individuals. The company offers checking, savings, negotiable order of withdrawal, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts; and safety deposit boxes. It also prov… Read more
Bayfirst Financial Corp (BAFN) - Net Assets
Latest net assets as of December 2025: $87.57 Million USD
Based on the latest financial reports, Bayfirst Financial Corp (BAFN) has net assets worth $87.57 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.30 Billion) and total liabilities ($1.21 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $87.57 Million |
| % of Total Assets | 6.73% |
| Annual Growth Rate | -0.07% |
| 5-Year Change | -9.06% |
| 10-Year Change | 432.89% |
| Growth Volatility | 43.3 |
Bayfirst Financial Corp - Net Assets Trend (1987–2025)
This chart illustrates how Bayfirst Financial Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bayfirst Financial Corp (1987–2025)
The table below shows the annual net assets of Bayfirst Financial Corp from 1987 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $87.57 Million | -21.05% |
| 2024-12-31 | $110.92 Million | +10.14% |
| 2023-12-31 | $100.71 Million | +9.60% |
| 2022-12-31 | $91.88 Million | -4.58% |
| 2021-12-31 | $96.29 Million | +35.49% |
| 2020-12-31 | $71.07 Million | +38.45% |
| 2019-12-31 | $51.33 Million | +35.85% |
| 2018-12-31 | $37.79 Million | +17.59% |
| 2017-12-31 | $32.13 Million | +95.55% |
| 2016-12-31 | $16.43 Million | +76.26% |
| 2015-12-31 | $9.32 Million | +36.98% |
| 2014-12-31 | $6.81 Million | +69.69% |
| 2013-12-31 | $4.01 Million | -89.28% |
| 1997-12-31 | $37.40 Million | +14.72% |
| 1996-12-31 | $32.60 Million | +8.31% |
| 1995-12-31 | $30.10 Million | +30.30% |
| 1994-12-31 | $23.10 Million | 0.00% |
| 1993-12-31 | $23.10 Million | -89.77% |
| 1992-12-31 | $225.90 Million | +62.17% |
| 1991-12-31 | $139.30 Million | -9.07% |
| 1990-12-31 | $153.20 Million | +47.73% |
| 1989-12-31 | $103.70 Million | +6.91% |
| 1988-12-31 | $97.00 Million | +7.90% |
| 1987-12-31 | $89.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bayfirst Financial Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 280.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $19.76 Million | 22.57% |
| Common Stock | $54.37 Million | 62.09% |
| Other Comprehensive Income | $-2.29 Million | -2.62% |
| Other Components | $15.73 Million | 17.96% |
| Total Equity | $87.57 Million | 100.00% |
Bayfirst Financial Corp Competitors by Market Cap
The table below lists competitors of Bayfirst Financial Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nusasiri Public Company Limited
BK:NUSA
|
$21.03 Million |
|
West Coast Silver Ltd
AU:WCE
|
$21.03 Million |
|
Aligned Genetics Inc
KQ:238120
|
$21.04 Million |
|
SaverOne 2014 Ltd. American Depositary Shares
NASDAQ:SVRE
|
$21.05 Million |
|
Enjoei S.A
SA:ENJU3
|
$21.02 Million |
|
Shine Justice Ltd
AU:SHJ
|
$21.02 Million |
|
Tigaraksa Satria Tbk
JK:TGKA
|
$21.01 Million |
|
MCE Holdings Bhd
KLSE:7004
|
$21.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bayfirst Financial Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 110,920,000 to 87,569,000, a change of -23,351,000 (-21.1%).
- Net loss of 22,937,000 reduced equity.
- Other comprehensive income increased equity by 661,000.
- Other factors decreased equity by 1,075,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-22.94 Million | -26.19% |
| Other Comprehensive Income | $661.00K | +0.75% |
| Other Changes | $-1.07 Million | -1.23% |
| Total Change | $- | -21.05% |
Book Value vs Market Value Analysis
This analysis compares Bayfirst Financial Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.28x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.92x to 0.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1987-12-31 | $1.53 | $6.01 | x |
| 1988-12-31 | $1.81 | $6.01 | x |
| 1989-12-31 | $1.89 | $6.01 | x |
| 1990-12-31 | $2.07 | $6.01 | x |
| 1991-12-31 | $2.20 | $6.01 | x |
| 1992-12-31 | $2.37 | $6.01 | x |
| 1993-12-31 | $2.88 | $6.01 | x |
| 1994-12-31 | $2.86 | $6.01 | x |
| 1995-12-31 | $3.71 | $6.01 | x |
| 1996-12-31 | $3.97 | $6.01 | x |
| 1997-12-31 | $4.56 | $6.01 | x |
| 2013-12-31 | $0.48 | $6.01 | x |
| 2014-12-31 | $0.81 | $6.01 | x |
| 2015-12-31 | $3.20 | $6.01 | x |
| 2016-12-31 | $4.68 | $6.01 | x |
| 2017-12-31 | $14.56 | $6.01 | x |
| 2018-12-31 | $13.30 | $6.01 | x |
| 2019-12-31 | $16.18 | $6.01 | x |
| 2020-12-31 | $17.76 | $6.01 | x |
| 2021-12-31 | $23.65 | $6.01 | x |
| 2022-12-31 | $22.85 | $6.01 | x |
| 2023-12-31 | $21.98 | $6.01 | x |
| 2024-12-31 | $24.17 | $6.01 | x |
| 2025-12-31 | $21.15 | $6.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bayfirst Financial Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -26.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -22.01%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 14.85x
- Recent ROE (-26.19%) is below the historical average (10.40%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1987 | 8.70% | 0.00% | 0.00x | 9.17x | $-150.00K |
| 1988 | 13.08% | 0.00% | 0.00x | 10.47x | $400.00K |
| 1989 | 8.63% | 0.00% | 0.00x | 10.30x | $-190.00K |
| 1990 | 4.20% | 0.00% | 0.00x | 11.08x | $-830.00K |
| 1991 | 9.68% | 29.41% | 0.03x | 11.68x | $-50.00K |
| 1992 | 13.22% | 39.66% | 0.02x | 16.30x | $560.00K |
| 1993 | 19.91% | 67.65% | 0.02x | 15.22x | $2.29 Million |
| 1994 | 18.18% | 120.00% | 0.01x | 16.82x | $1.89 Million |
| 1995 | 15.61% | 92.16% | 0.01x | 15.05x | $1.69 Million |
| 1996 | 13.19% | 110.26% | 0.01x | 15.29x | $1.04 Million |
| 1997 | 12.57% | 522.22% | 0.00x | 14.38x | $960.00K |
| 2013 | -3.24% | -3.64% | 0.05x | 18.82x | $-531.10K |
| 2014 | 9.12% | 16.58% | 0.05x | 12.10x | $-59.62K |
| 2015 | 24.51% | 28.31% | 0.08x | 11.26x | $1.35 Million |
| 2016 | 25.77% | 21.32% | 0.13x | 9.24x | $2.59 Million |
| 2017 | 17.03% | 15.08% | 0.14x | 8.11x | $2.26 Million |
| 2018 | -3.19% | -2.51% | 0.13x | 9.66x | $-4.98 Million |
| 2019 | 8.74% | 5.98% | 0.14x | 10.35x | $-649.17K |
| 2020 | 17.87% | 9.47% | 0.09x | 21.74x | $5.60 Million |
| 2021 | 25.57% | 38.86% | 0.07x | 9.52x | $14.99 Million |
| 2022 | -0.38% | -0.53% | 0.07x | 10.22x | $-9.54 Million |
| 2023 | 5.66% | 5.14% | 0.10x | 11.10x | $-4.37 Million |
| 2024 | 11.36% | 10.06% | 0.10x | 11.61x | $1.51 Million |
| 2025 | -26.19% | -22.01% | 0.08x | 14.85x | $-31.69 Million |
Industry Comparison
This section compares Bayfirst Financial Corp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bayfirst Financial Corp (BAFN) | $87.57 Million | 8.70% | 13.85x | $21.02 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |