secwatch.observer — SEC 8-K summary
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Issuer:     BayFirst Financial Corp. (BAFN)
CIK:        0001649739
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001649739-24-000263
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 Q3 net income rises 31% sequentially to $1.1M; declares $0.08 dividend
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649739/000164973924000263/0001649739-24-000263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649739/000164973924000263/bafn-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001649739-24-000263

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