---
schema_version: "secwatch.filing_event.v1"
accession: "0001649739-24-000194"
form_type: "8-K"
ticker: "BAFN"
cik: "0001649739"
company_name: "BayFirst Financial Corp."
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:18:52.224221+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BayFirst Q2 net income rises to $0.9M; expenses down, credit costs improve

## Summary
- Net income $0.9M ($0.12 diluted EPS) vs Q1 $0.8M ($0.11); down from Q2 2023 $1.4M.
- Government guaranteed loan originations $98.7M, down 24.4% from Q1; gain on sale fell $2.5M.
- Noninterest expense decreased $1.2M from Q1 to $16.6M via headcount cuts and vendor savings.
- Net charge-offs $3.3M (annualized 1.45%) vs Q1 $3.7M (1.71%); provision $3.0M vs $4.1M.
- Declared $0.08 quarterly dividend payable Sept 15, 2024 to holders of record Sept 1.

## SEC filing metadata
- accession: 0001649739-24-000194
- form_type: 8-K
- ticker: BAFN
- cik: 0001649739
- company_name: BayFirst Financial Corp.
- filed_at: 2024-07-25T23:59:59+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/1649739/000164973924000194/0001649739-24-000194-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649739/000164973924000194/bafn-20240725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001649739-24-000194
- JSON: https://secwatch.observer/filing/0001649739-24-000194.json
- Plain text: https://secwatch.observer/filing/0001649739-24-000194.txt

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