secwatch.observer — SEC 8-K summary
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Issuer:     BayFirst Financial Corp. (BAFN)
CIK:        0001649739
Form:       8-K
Filed at:   2025-01-30T23:59:59+00:00
Accession:  0001649739-25-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649739/000164973925000002/0001649739-25-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649739/000164973925000002/bafn-20250130.htm
  HTML page:      https://secwatch.observer/filing/0001649739-25-000002

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