{"schema_version":"secwatch.filing_event.v1","accession":"0001649739-23-000209","form_type":"8-K","ticker":"BAFN","cik":"0001649739","company_name":"BayFirst Financial Corp.","filed_at":"2023-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.680815+00:00","generated_at":"2026-06-13T00:35:06.461188+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"BayFirst Q2 net income $1.4M ($0.29 EPS); NIM expands to 4.18%; CFO change","bullets":["Net income $1.4M vs $0.7M Q1 2023; EPS $0.29 vs $0.13 Q1; revenue from net interest income $10.1M (+11.7% QoQ).","Net interest margin 4.18%, up 1bp QoQ and 45bps YoY; deposit cost increase offset by loan yield growth.","Loans held for investment (ex-PPP) $821M, up 6% QoQ, 34.5% YoY; deposits $944.8M, up 1.3% QoQ, 23.4% YoY.","Credit quality: net charge-offs $2.3M (1.09% annualized) vs $1.9M Q1; NPA ratio 0.61% vs 0.20% Q1; provision $2.8M.","Scott J. McKim appointed EVP & CFO, Rhonda S. Tudor as principal accounting officer; quarterly dividend $0.08 declared."],"urls":{"canonical":"https://secwatch.observer/filing/0001649739-23-000209","json":"https://secwatch.observer/filing/0001649739-23-000209.json","markdown":"https://secwatch.observer/filing/0001649739-23-000209.md","text":"https://secwatch.observer/filing/0001649739-23-000209.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1649739/000164973923000209/0001649739-23-000209-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1649739/000164973923000209/bafn-20230727.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T00:35:06.461188+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":"5fe42b1e95f83d5d620a9bc5d45a0f5e1295bbaa","claim":"BayFirst Financial Corp. reported the second quarter of 2023 results: net income $1.4 million, EPS $0.29 per diluted common share.","evidence_excerpt":"ST. PETERSBURG, FL. — July 27, 2023 — BayFirst Financial Corp. (NASDAQ: BAFN) (\"BayFirst\" or the \"Company\"), parent company of BayFirst National Bank (the \"Bank\") today reported net income of $1.4 million, or $0.29 per diluted common share, for the second quarter of 2023 compared to $0.7 million, or $0.13 per diluted common share, in the first quarter of 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1649739/000164973923000209/0001649739-23-000209-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter of 2023"},{"label":"Net income","value":"$1.4 million"},{"label":"EPS","value":"$0.29 per diluted common 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"}