BayFirst Financial Q2 EPS $0.30 Up From $0.05 YoY, Sales $21.05M Down From $25.35M YoY
Portfolio Pulse from sunil@benzinga.com
BayFirst Financial (NASDAQ:BAFN) reported Q2 earnings of $0.30 per share, a 500% increase YoY. However, sales decreased by 16.99% to $21.05M compared to $25.35M in the same period last year.
July 27, 2023 | 8:52 pm
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NEUTRAL IMPACT
BayFirst Financial's Q2 earnings significantly increased YoY, but sales decreased. This mixed result could lead to uncertain market reactions.
The significant increase in earnings indicates a strong financial performance, which could positively impact the stock price. However, the decrease in sales could be a concern for investors, potentially offsetting the positive impact of the earnings increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100