---
schema_version: "secwatch.filing_event.v1"
accession: "0001649739-24-000008"
form_type: "8-K"
ticker: "BAFN"
cik: "0001649739"
company_name: "BayFirst Financial Corp."
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:21:27.960158+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 $1.7M, EPS $0.32; NIM expands 12bps to 3.48%

## Summary
- Net income $1.7M ($0.32 diluted EPS) vs $1.9M ($0.41) in Q3; net interest margin 3.48% (+12 bps).
- CreditBench originated $144.9M in government guaranteed loans; $102.3M from Bolt small loan program.
- Loans held for investment (ex-PPP) up $49.3M to $912.5M; deposits down $32.7M to $985.1M.
- Board declared $0.08/share dividend payable March 15, 2024; 31st consecutive quarterly dividend.
- Preferred stock offering raised $6.45M gross proceeds; Tier 1 leverage ratio 9.38%.

## SEC filing metadata
- accession: 0001649739-24-000008
- form_type: 8-K
- ticker: BAFN
- cik: 0001649739
- company_name: BayFirst Financial Corp.
- filed_at: 2024-01-25T23:59:59+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/1649739/000164973924000008/0001649739-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649739/000164973924000008/bafn-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001649739-24-000008
- JSON: https://secwatch.observer/filing/0001649739-24-000008.json
- Plain text: https://secwatch.observer/filing/0001649739-24-000008.txt

## Key facts
- Earnings Releases
  BayFirst Financial Corp. reported the fourth quarter of 2023 results: net income $1.7 million, EPS $0.32 per diluted common share.
  - Period: the fourth quarter of 2023
  - Net income: $1.7 million
  - EPS: $0.32 per diluted common 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 $1.7 million, or $0.32 per diluted common share, for the fourth quarter of 2023 compared to $1.9 million, or $0.41 per diluted common share, in the third quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1649739/000164973924000008/0001649739-24-000008-index.htm

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