---
schema_version: "secwatch.filing_event.v1"
accession: "0001649739-23-000014"
form_type: "8-K"
ticker: "BAFN"
cik: "0001649739"
company_name: "BayFirst Financial Corp."
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:16:31.924061+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BayFirst Q4 net income $1.3M ($0.27 EPS); loan growth 40.6% YoY; $0.08 dividend

## Summary
- Q4 2022 net income $1.3M ($0.27 diluted EPS) vs Q3 net loss $1.4M ($0.35 loss); continuing ops net income $2.1M.
- Loans held for investment (ex-PPP) rose 40.6% YoY to $709.5M; SBA loan originations $109.4M (+84.6% YoY).
- Net interest margin contracted 44 bps QoQ to 4.19% on higher deposit costs; net charge-offs $1.4M (annualized 0.79% of avg loans).
- Quarterly cash dividend $0.08 declared (27th consecutive), payable March 15, 2023 to shareholders of record March 1.
- Management targeting 1% ROAA in 2023; new branches in Tampa (Q1 2023) and Sarasota (late 2023/early 2024).

## SEC filing metadata
- accession: 0001649739-23-000014
- form_type: 8-K
- ticker: BAFN
- cik: 0001649739
- company_name: BayFirst Financial Corp.
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1649739/000164973923000014/0001649739-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649739/000164973923000014/bafn-20230124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001649739-23-000014
- JSON: https://secwatch.observer/filing/0001649739-23-000014.json
- Plain text: https://secwatch.observer/filing/0001649739-23-000014.txt

## Key facts
- Earnings Releases
  BayFirst Financial Corp. reported the fourth quarter of 2022 results: net income net income of $1.3 million, EPS $0.27 per diluted share.
  - Period: the fourth quarter of 2022
  - Net income: net income of $1.3 million
  - EPS: $0.27 per diluted share
  - Result: reported results
  source text: BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today reported net income of $1.3 million, or $0.27 per diluted share, for the fourth quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1649739/000164973923000014/0001649739-23-000014-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.