secwatch.observer — SEC 8-K summary
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Issuer:     BayFirst Financial Corp. (BAFN)
CIK:        0001649739
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001649739-23-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649739/000164973923000014/0001649739-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649739/000164973923000014/bafn-20230124.htm
  HTML page:      https://secwatch.observer/filing/0001649739-23-000014

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