BayFirst Financial Corp. BAFN

Competitive advantage analysis · financial-services

Bank Specialized
Overall moat score
15/100
Weak

Ranked against 399 peers in Banks - Regional

About 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 provides commercial real estate … Full BAFN analysis →

Key strengths

  • Strong Capital Position Capital position is strong (score 0.62), exceeding regulatory minimums.

Key risks

  • Weak Deposit Franchise Deposit franchise appears weak (profitability score 0.01).
  • Weak Net Interest Margin Net interest margin proxy is weak (score 0.02).

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Deposit Franchise

Weak
2
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Signals, strengths and risks for Deposit Franchise

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Signals, strengths and risks for Lending Advantage

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Signals, strengths and risks for Capital Strength

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Signals, strengths and risks for Cost Discipline

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Signals, strengths and risks for Revenue Diversification

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Signals, strengths and risks for Risk Management

Where BAFN ranks in Banks - Regional

BayFirst Financial Corp. ranks #363 of 393 scored companies in Banks - Regional by moat score — the top 92%. The widest moat in the group is 1st Source Corporation (SRCE) at 86/100.

# Company Moat score Rating
359 Blue Foundry Bancorp BLFY 16/100 Weak
360 First Seacoast Bancorp, Inc. FSEA 16/100 Weak
361 1895 Bancorp of Wisconsin, Inc. BCOW 16/100 Weak
362 Generations Bancorp NY, Inc. GBNY 16/100 Weak
363 BayFirst Financial Corp. BAFN 15/100 Weak
364 Blue Ridge Bankshares, Inc. BRBS 15/100 Weak
365 Carver Bancorp, Inc. CARV 14/100 Weak
366 BCB Bancorp, Inc. (NJ) BCBP 14/100 Weak
367 First Northwest Bancorp FNWB 12/100 Weak

See every Banks & Lenders company ranked by moat score →

How BAFN scores on the Bank Specialized defenses

Deposit Franchise

Score 2 · 22% of the moat score

A deposit franchise is the cheapest and most valuable thing a bank can own.

Lending Advantage

Score 4 · 18% of the moat score

Lending advantage is the ability to originate loans at attractive spreads without buying that volume with looser credit standards.

Capital Strength

Score 37 · 20% of the moat score

Capital is the buffer between loan losses and insolvency, and it is what regulators judge a bank on first.

Cost Discipline

Score 3 · 16% of the moat score

Banking carries high fixed costs in branches, compliance and technology, so what it costs to run the bank relative to what the bank earns is a genuine competitive variable.

Revenue Diversification

Score 44 · 14% of the moat score

A bank earning everything from net interest income is a leveraged bet on the rate cycle.

Risk Management

Score 3 · 10% of the moat score

Risk management is the defense that only reveals itself late.

How each Bank Specialized defense is measured, in full →

Understanding BAFN's moat

What is BayFirst Financial Corp.'s moat score?

BayFirst Financial Corp. (BAFN) scores 15 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #363 of 393 scored companies in Banks - Regional, the top 92%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 399 companies in Banks - Regional. Its strongest defense is Revenue Diversification (44/100) and its weakest is Deposit Franchise (2/100).

How does BayFirst Financial Corp. compare with other Banks - Regional companies?

BayFirst Financial Corp. ranks #363 of 393 scored companies in Banks - Regional by moat score. The widest moat in Banks - Regional is 1st Source Corporation (SRCE) at 86/100. The companies ranked closest are Generations Bancorp NY, Inc. (GBNY) at 16 just above it and Blue Ridge Bankshares, Inc. (BRBS) at 15 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Bank Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 399 companies in Banks - Regional. The defenses are then weighted to produce the overall score out of 100.

Why is BayFirst Financial Corp. scored with the Bank Specialized template?

A bank does not sell a product at a margin. It funds itself, lends at a spread, and books profits that remain an estimate until the loans are actually repaid. That makes the usual margin-and-return questions misleading, so the Bank template scores what really determines a bank's durability: where its funding comes from, what it lends against, how much capital stands behind it, and whether it has been pricing risk honestly.

Which competitive defenses are measured for BayFirst Financial Corp.?

The Bank Specialized template measures 6 defenses, and BAFN scores: Deposit Franchise (2), Lending Advantage (4), Capital Strength (37), Cost Discipline (3), Revenue Diversification (44), Risk Management (3). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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