BayFirst Financial (BAFN) Operating Expenses (2020 - 2026)
BayFirst Financial (BAFN) posted quarterly Operating Expenses of $14.9 million for Q1 2026, down 5.86% year-over-year from $15.8 million in Q1 2025, and up 25.42% quarter-over-quarter from $11.9 million in Q4 2025.
BayFirst Financial (BAFN) Operating Expenses (2020 - 2026) Analysis & Trends
BayFirst Financial (BAFN) has reported Operating Expenses for 7 consecutive years, with $14.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 5.86% year-over-year to $14.9 million; the TTM figure through Mar 2026 stood at $69.5 million (up 7.21% YoY), while the FY2025 annual figure was $70.4 million, up 5.46% from the prior year.
- Operating Expenses improved to $14.9 million in Q1 2026 per BAFN's latest filing, from $11.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $25.2 million in Q3 2025 and bottomed at $11.9 million in Q4 2025.
- Historically, Operating Expenses has averaged $16.2 million across 5 years, with a median of $15.8 million in 2025.
- Annual changes were most pronounced in 2022 — Operating Expenses slumped 59.34% — and 2025, when it surged 47.77%.
- BayFirst Financial's Operating Expenses stood at $13.5 million in 2022, then soared by 36.86% to $18.5 million in 2023, then declined by 16.96% to $15.3 million in 2024, then fell by 22.6% to $11.9 million in 2025, then advanced by 25.42% to $14.9 million in 2026.
- Business Quant data shows BAFN's Operating Expenses at $14.9 million in Q1 2026, $11.9 million in Q4 2025, and $25.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | 4.10 Bn |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | 4.43 Bn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -3.83 Bn |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | -2.79 Bn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - | 2.60 Bn |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn | -599.79 Mn |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - | 3.06 Bn |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - | 2.11 Bn |
| 10 | BayFirst Financial | 30.03 Mn | -109.14 Mn | - | 17.68 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.89 Mn |
| Dec 31, 2025 | 11.87 Mn |
| Sep 30, 2025 | 25.22 Mn |
| Jun 30, 2025 | 17.53 Mn |
| Mar 31, 2025 | 15.81 Mn |
| Dec 31, 2024 | 15.34 Mn |
| Sep 30, 2024 | 17.06 Mn |
| Jun 30, 2024 | 16.61 Mn |
| Mar 31, 2024 | 17.77 Mn |
| Dec 31, 2023 | 18.47 Mn |
| Sep 30, 2023 | 17.43 Mn |
| Jun 30, 2023 | 16.40 Mn |
| Mar 31, 2023 | 15.41 Mn |
| Dec 31, 2022 | 13.49 Mn |
| Sep 30, 2022 | 14.16 Mn |
| Jun 30, 2022 | 13.69 Mn |
| Mar 31, 2022 | 13.87 Mn |
| Dec 31, 2021 | 13.26 Mn |
| Sep 30, 2021 | 12.57 Mn |
| Jun 30, 2021 | 33.67 Mn |