Welcome to our dedicated page for Bayfirst Financial news (Ticker: BAFN), a resource for investors and traders seeking the latest updates and insights on Bayfirst Financial stock.
BayFirst Financial Corp. (NASDAQ: BAFN) is a bank holding company based in St. Petersburg, Florida, and the parent of BayFirst National Bank. The company’s news flow centers on its community banking activities in the Tampa Bay–Sarasota region, its loan and deposit trends, and its strategic decisions in areas such as SBA lending and balance sheet management.
Visitors to this BayFirst news page can review company-issued press releases and related announcements. These include quarterly earnings reports that discuss net interest income, noninterest income, noninterest expense, loan originations, deposit growth, asset quality metrics, and capital ratios. The company also announces conference calls and webcasts where management discusses financial results and strategic priorities.
BayFirst’s news has highlighted its historical role in SBA 7(a) lending, the development and later discontinuation of its Bolt SBA 7(a) loan program, and its comprehensive strategic review aimed at derisking unguaranteed SBA 7(a) balances. Announcements describe the company’s decision to exit the SBA 7(a) lending business, the sale of SBA 7(a) loan portfolios to Banesco USA, and the shift toward a stronger emphasis on community banking in its Florida markets.
Other news items include updates on restructuring charges, workforce changes linked to strategic initiatives, and actions taken to support credit quality and regulatory expectations. The company has also reported on a cybersecurity incident at a third-party marketing services provider and the steps taken in response. Investors and analysts can use this page to follow how BayFirst’s management describes its operating environment, risk management, and long-term strategic direction.
BayFirst Financial Corp. (NASDAQ: BAFN) has scheduled its first quarter 2025 earnings announcement and conference call. The company will release its Q1 results after market close on Thursday, April 24, 2025.
A conference call to discuss the results will be held on Friday, April 25, 2025, at 9:00 a.m. ET. Investment professionals can participate by dialing (800) 549-8228 with Conference ID 90275. The call will be broadcast live on the company's website under the Investor Relations section, and a replay will be available for one year at www.bayfirstfinancial.com.
BayFirst Financial Corp. (NASDAQ: BAFN) reported strong Q4 2024 results with net income of $9.8 million, or $2.11 per diluted common share, a 759.8% increase from Q3 2024. Full-year 2024 net income reached $12.6 million ($2.62 per diluted share), up from $5.7 million in 2023.
Key highlights include a 26bps expansion in net interest margin to 3.60%, $107.8 million in new government guaranteed loans, and a significant $11.6 million pre-tax gain from a sale-leaseback transaction of two branch properties. Loans held for investment increased by $24.1 million to $1.07 billion, while deposits grew by $31.0 million to $1.14 billion.
The company announced a new $2.0 million share repurchase program and declared a Q1 2025 cash dividend of $0.08 per common share.
BayFirst Financial Corp. (NASDAQ: BAFN) has announced it will release its fourth quarter 2024 financial results after market close on Thursday, January 30, 2025. The company will host a conference call to discuss the results on Friday, January 31, 2025, at 9:00 a.m. ET. Investment professionals can participate by dialing (800) 549-8228 with Conference ID 71006. The call will be broadcast live on the company's website under the Investor Relations section, and a replay will be available for one year at www.bayfirstfinancial.com.
BayFirst Financial Corp (NASDAQ: BAFN) reported Q3 2024 net income of $1.1 million, or $0.18 per diluted share, marking a 31.3% increase from Q2 2024's $0.9 million. The company's government guaranteed loan team originated $94.4 million in new loans, while loans held for investment increased by $34.1 million to $1.04 billion. Deposits grew by $69.8 million to $1.11 billion. Net interest margin decreased to 3.34%. The company maintained its quarterly dividend at $0.08 per common share, payable December 15, 2024.
BayFirst Financial Corp. (NASDAQ: BAFN), the parent company of BayFirst National Bank, has announced its plans to report third quarter 2024 results. The company will release its financial results after the market closes on Thursday, October 24, 2024. Following this, BayFirst will host a conference call and webcast on Friday, October 25, 2024, at 9:00 a.m. ET to discuss the quarterly results.
Investors can listen to the live broadcast of the call on the company's website under the Investor Relations tab. Investment professionals are invited to participate in the call by dialing (800) 549-8228 and using Conference ID 30458. A replay of the call will be available for one year on the BayFirst Financial website.
BayFirst Financial Corp. (NASDAQ: BAFN) reported Q2 2024 net income of $0.9 million, or $0.12 per diluted share, up 5.1% from Q1 2024. Key highlights include:
- Improved credit administration led to a $1.1 million decrease in provision for credit losses
- CreditBench originated $98.7 million in new government guaranteed loans
- Loans held for investment increased 7.9% to $1.01 billion
- Deposits grew 3.5% to $1.04 billion
- Net interest margin increased to 3.43%
- Noninterest expense decreased by $1.2 million
- Launched Healthcare Banking initiative
The company maintained strong liquidity and capital positions, with a CET1 ratio of 10.54% and a total capital ratio of 11.79%.
BayFirst Financial Corp. (NASDAQ: BAFN) has announced its second quarter 2024 earnings report will be released after market close on July 25, 2024. The following day, July 26, 2024, at 9:00 a.m. ET, the company will hold a conference call to discuss the results. The call will be broadcast live on the internet via the Investor Relations section of their website. Interested investors can listen to the live call or access a replay, which will be available for one year. Investment professionals can join the call by dialing (800) 549-8228 with Conference ID 63886.
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