---
schema_version: "secwatch.filing_event.v1"
accession: "0001649739-24-000263"
form_type: "8-K"
ticker: "BAFN"
cik: "0001649739"
company_name: "BayFirst Financial Corp."
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:31:57.175828+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BayFirst Q3 net income rises 31% sequentially to $1.1M; declares $0.08 dividend

## Summary
- Net income of $1.1M ($0.18 diluted EPS) up 31.3% from Q2 2024; down from $1.9M in Q3 2023.
- Net interest margin 3.34%, down 9 bps QoQ; excluding one-time USDA premium it would have been flat.
- Government guaranteed loan originations $94.4M, down from $98.7M QoQ and $155.9M YoY.
- Deposits increased 6.7% QoQ and 9.3% YoY to $1.11B; loans held for investment $1.04B (+3.4% QoQ).
- Board declared $0.08/share quarterly dividend, payable Dec 15, 2024 to holders of record Dec 1.

## SEC filing metadata
- accession: 0001649739-24-000263
- form_type: 8-K
- ticker: BAFN
- cik: 0001649739
- company_name: BayFirst Financial Corp.
- filed_at: 2024-10-24T23:59:59+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/1649739/000164973924000263/0001649739-24-000263-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649739/000164973924000263/bafn-20241024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001649739-24-000263
- JSON: https://secwatch.observer/filing/0001649739-24-000263.json
- Plain text: https://secwatch.observer/filing/0001649739-24-000263.txt

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