secwatch.observer — SEC 8-K summary
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Issuer:     BayFirst Financial Corp. (BAFN)
CIK:        0001649739
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001649739-24-000008
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 $1.7M, EPS $0.32; NIM expands 12bps to 3.48%
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649739/000164973924000008/0001649739-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649739/000164973924000008/bafn-20240125.htm
  HTML page:      https://secwatch.observer/filing/0001649739-24-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer