---
schema_version: "secwatch.filing_event.v1"
accession: "0001649739-25-000002"
form_type: "8-K"
ticker: "BAFN"
cik: "0001649739"
company_name: "BayFirst Financial Corp."
filed_at: "2025-01-30T23:59:59+00:00"
generated_at: "2026-05-27T05:32:53.604138+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# BayFirst Q4 net income jumps to $9.8M ($2.11 EPS) on sale-leaseback gain; NIM expands 26bps

## Summary
- Net income of $9.8M vs Q3 $1.1M; diluted EPS $2.11 vs $0.18; full-year net income $12.6M ($2.62 diluted EPS) vs $5.7M ($1.12) in 2023.
- Net interest margin increased 26 bps to 3.60% from 3.34% in Q3.
- Pre-tax gain of $11.6M from sale-leaseback of two branch offices; loans held for investment up 2.3% to $1.07B.
- Board authorized up to $2M share repurchase program through Dec 31, 2025; quarterly dividend $0.08/share.
- Government guaranteed loan originations totaled $107.8M in Q4; 495 Bolt loans ($64.8M) originated.

## SEC filing metadata
- accession: 0001649739-25-000002
- form_type: 8-K
- ticker: BAFN
- cik: 0001649739
- company_name: BayFirst Financial Corp.
- filed_at: 2025-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1649739/000164973925000002/0001649739-25-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649739/000164973925000002/bafn-20250130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001649739-25-000002
- JSON: https://secwatch.observer/filing/0001649739-25-000002.json
- Plain text: https://secwatch.observer/filing/0001649739-25-000002.txt

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