secwatch.observer — SEC 8-K summary
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Issuer:     BayFirst Financial Corp. (BAFN)
CIK:        0001649739
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0001649739-22-000323
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BayFirst Q3 net loss $1.4M on mortgage exit; continuing ops income $3.1M, record SBA production
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649739/000164973922000323/0001649739-22-000323-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649739/000164973922000323/bafn-20221025.htm
  HTML page:      https://secwatch.observer/filing/0001649739-22-000323

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