BayFirst National Bank: how it compares with its peers
Against 24 FL banks with half to twice its assets, BayFirst National Bank's strongest measure in Q2 2026 is net interest margin (3.52% vs. a 3.58% peer median). Its weakest relative measure is return on assets (-6.32% vs. 1.21%).
| Measure | BayFirst National Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | -6.32% | 1.21% | Bottom third Ahead of 0% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.52% | 3.58% | Middle third Ahead of 38% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 246.13% | 60.18% | Bottom third Ahead of 0% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.7M | $8.7M | Middle third Ahead of 38% of peers |
| Loans to deposits Net loans and leases over total deposits. | 84.00% | 74.96% | Context |
What it means for lending operations
Its efficiency ratio of 246.13% is above the 60.18% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- First State Bank Key West, FL · $1.18B
- Helm Bank USA Miami, FL · $1.19B
- Brannen Bank Inverness, FL · $1.03B
- Bank of Central Florida Lakeland, FL · $1.25B
- Sanibel Captiva Community Bank Sanibel, FL · $976M
- Mainstreet Community Bank of Florida Deland, FL · $953M
Questions about BayFirst National Bank
How big is BayFirst National Bank?
BayFirst National Bank, established in 1999, is headquartered in Saint Petersburg, FL. It reported $1.14B in total assets in its Q2 2026 FDIC call report and operates 12 offices.
What is BayFirst National Bank's return on assets?
-6.32% annualized in Q2 2026, against a 1.21% median for 24 FL banks with half to twice its assets, ahead of 0% of them.
What is BayFirst National Bank's efficiency ratio?
246.13% in Q2 2026: it spent about 246 cents in noninterest expense for each dollar of revenue. The peer median is 60.18%, and lower is better.
Is BayFirst National Bank growing its loans?
Net loans shrank 24.1% over the year to Q2 2026, while deposits shrank 14.0%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are FL banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Florida bank ranked.