BayFirst Financial Corp.

AI-generated fair value estimate for this company.

Method: Residual-income/justified-P/B model reflecting post-write-off distress: $4.83 book value per share (post the Q2 2026 $32.7M net loss and $41.5M SBA asset-resolution charge); assumed normalized long-run ROE of 8% once the legacy SBA 7(a) book is worked through; 11% cost of equity (elevated small-bank/credit risk premium); 3% long-run growth; justified P/B of 0.625x applied to book value

Reasoning: BayFirst just took a large SBA-loan-related charge and restated results, so near-term earnings are not representative; a book-value-anchored residual income model with a conservative normalized ROE better captures fair value for a small bank mid-recovery than an earnings-based DCF