{"schema_version":"secwatch.filing_event.v1","accession":"0001649739-22-000323","form_type":"8-K","ticker":"BAFN","cik":"0001649739","company_name":"BayFirst Financial Corp.","filed_at":"2022-10-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.571745+00:00","generated_at":"2026-06-22T22:44:44.984153+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"BayFirst Q3 net loss $1.4M on mortgage exit; continuing ops income $3.1M, record SBA production","bullets":["Net loss of $1.4M ($0.35 diluted loss) includes $3.7M charge to discontinue residential mortgage division.","Net income from continuing operations was $3.1M, up significantly from $391K in Q2 2022.","SBA 7(a) loan production record $139.2M, up 194.6% YoY; community banking loan production up 172% YoY.","Net interest margin expanded 90 bps QoQ to 4.63%.","Quarterly dividend of $0.08/share declared, payable Dec 15, 2022 (26th consecutive quarterly dividend)."],"urls":{"canonical":"https://secwatch.observer/filing/0001649739-22-000323","json":"https://secwatch.observer/filing/0001649739-22-000323.json","markdown":"https://secwatch.observer/filing/0001649739-22-000323.md","text":"https://secwatch.observer/filing/0001649739-22-000323.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1649739/000164973922000323/0001649739-22-000323-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1649739/000164973922000323/bafn-20221025.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T22:44:44.984153+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fb240f9975879889f5fb69777447972c8631e50e","claim":"BayFirst Financial Corp. reported third quarter of 2022 results: net income $1.4 million, EPS $0.35 per diluted share.","evidence_excerpt":"BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today reported net income from continuing operations of $3.1 million for the third quarter of 2022 compared to $391 thousand in the second quarter of 2022. Following the strategic decision to discontinue the Bank’s nationwide residential mortgage operations, BayFirst recognized a one-time charge of $3.7 million in the third quarter of 2022. Net loss inclusive of discontinued operations was $1.4 million, or $0.35 per diluted share, for the third quarter of 2022, compared to a net loss of $282 thousand, or $0.10 per diluted share, in the second quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1649739/000164973922000323/0001649739-22-000323-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter of 2022"},{"label":"Net income","value":"$1.4 million"},{"label":"EPS","value":"$0.35 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}