Bayfirst Financial Corp

BayFirst Financial Corp. is a bank holding company, which through its subsidiary, engages in the provision of banking services. Its products include demand deposits, money market accounts, savings deposits, time deposits, commercial business loans, real estate loans, and consumer loans. It operates through the Banking and Residential Mortgage Lending segments. The company was founded on September 1, 2000 and is headquartered in St. Petersburg, FL.

Earnings data Q1 2024

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BayFirst Financial Corp. is a bank holding company, which engages in the provision of banking services. Its products include demand deposits, money market accounts, savings deposits, time deposits, commercial business loans, real estate loans, and consumer loans. The company was founded on September 1, 2000 and is headquartered in St. Petersburg, FL.

ST. PETERSBURG, Fla., March 28, 2024 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today announced that it will report its first quarter results after the market close on Thursday, April 25, 2024. Management will host a conference call on Friday, April 26, 2024, at 9:00 a.m. ET to discuss the results. The call will also be broadcast live via the internet.

BayFirst Financial Corp. Announces First Quarter 2024 Conference Call and Webcast

ST. PETERSBURG, Fla., Jan. 25, 2024 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today reported net income of $1.7 million, or $0.32 per diluted common share, for the fourth quarter of 2023 compared to $1.9 million, or $0.41 per diluted common share, in the third quarter of 2023. Net income from continuing operations was $1.7 million for the fourth quarter of 2023, compared to net income from continuing operations of $2.0 million in the third quarter of 2023 and $2.1 million in the fourth quarter of 2022.

BayFirst Financial Corp. Reports Fourth Quarter 2023 Results; Highlighted by Net Interest Margin Expansion and Strong SBA Loan Originations

ST. PETERSBURG, Fla., Jan. 02, 2024 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today announced that its Board of Directors appointed Thomas Zernick as chief executive officer and named Robin Oliver president and chief operating officer, effective January 1, 2024. As previously announced, retiring Chief Executive Officer Anthony N. Leo will remain a director of the Company and will also serve as a part-time consultant for strategic matters.

BayFirst Financial Corp. Appoints Thomas G. Zernick as CEO and Names Robin Oliver as President, Effective January 1, 2024

ST. PETERSBURG, Fla., Dec. 29, 2023 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today announced that it will report its fourth quarter results after the market close on Thursday, January 25, 2024. Management will host a conference call on Friday, January 26, 2024, at 9:00 a.m. ET to discuss the results. The call will also be broadcast live via the internet.

BayFirst Financial Corp. Announces Fourth Quarter 2023 Conference Call and Webcast

ST. PETERSBURG, Fla., Oct. 26, 2023 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today reported net income of $1.9 million, or $0.41 per diluted common share, for the third quarter of 2023 compared to $1.4 million, or $0.29 per diluted common share, in the second quarter of 2023. Net income from continuing operations was $2.0 million for the third quarter of 2023, compared to net income from continuing operations of $1.4 million in the second quarter of 2023 and $3.1 million in the third quarter of 2022.

BayFirst Financial Corp. Reports Third Quarter 2023 Results; Highlighted by Third Consecutive Quarter of Earnings Growth and Continued Core Loan and Deposit Growth

ST. PETERSBURG, Fla., Sept. 29, 2023 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today announced that it will report its third quarter results after the market close on Thursday, October 26, 2023. Management will host a conference call on Friday, October 27, 2023, at 9:00 a.m. EDT to discuss the results. The call will also be broadcast live via the internet.

BayFirst Announces Third Quarter 2023 Conference Call and Webcast

ST. PETERSBURG, Fla., July 27, 2023 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today reported net income of $1.4 million, or $0.29 per diluted common share, for the second quarter of 2023 compared to $0.7 million, or $0.13 per diluted common share, in the first quarter of 2023. Net income from continuing operations was $1.4 million for the second quarter of 2023, compared to net income from continuing operations of $0.9 million in the first quarter of 2023 and $0.4 million in the second quarter of 2022.

BayFirst Financial Corp. Reports Second Quarter 2023 Results; Highlighted by Continued Core Bank Growth and a Stable Net Interest Margin

ST. PETERSBURG, Fla., July 25, 2023 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN), announced today the appointment of Scott J. McKim as Executive Vice President and Chief Financial Officer (CFO) of BayFirst Financial Corp. and its wholly owned subsidiary, St. Petersburg, Fla.-based BayFirst National Bank.

BayFirst Financial Corp. Names Scott J. McKim Next Chief Financial Officer at BayFirst National Bank

ST. PETERSBURG, Fla., June 30, 2023 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today announced that it will report its second quarter results after the market close on Thursday, July 27, 2023. Management will host a conference call on Friday, July 28, 2023, at 9:00 a.m. EDT to discuss the results. The call will also be broadcast live via the internet.

BayFirst Announces Second Quarter 2023 Conference Call and Webcast

ST. PETERSBURG, Fla., April 27, 2023 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today reported net income of $739 thousand, or $0.13 per diluted share, for the first quarter of 2023 compared to $1.3 million, or $0.28 per diluted share, in the fourth quarter of 2022. In the first quarter of 2022, net income was $13 thousand, or $(0.05) per diluted share. Net income from continuing operations was $867 thousand for the first quarter of 2023 compared to net income from continuing operations of $2.1 million in the fourth quarter of 2022 and a net loss from continuing operations of $110 thousand in the first quarter of 2022. The Company's balance sheet displayed ample liquidity and strong balance sheet and core deposit growth.

BayFirst Financial Corp. Reports First Quarter 2023 Results; Highlighted by Exceptional Core Deposit Growth and Strong Balance Sheet Liquidity

ST. PETERSBURG, Fla., March 31, 2023 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today announced that it will report its first quarter results after the market close on Thursday, April 27, 2023. Management will host a conference call on Friday, April 28, 2023, at 9:00 a.m. EDT to discuss the results. The call will also be broadcast live via the internet.

BayFirst Announces First Quarter 2023 Conference Call and Webcast

Jimenez and Smith Join CreditBench, Nation's No. 8 SBA 7(a) Lender Jimenez and Smith Join CreditBench, Nation's No. 8 SBA 7(a) Lender

BayFirst National Bank Hires Former GBank VPs, Bolsters Nationally-Ranked SBA Lending Division

ST. PETERSBURG, Fla., March 06, 2023 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today announced that its Board of Directors has adopted a stock repurchase program.

BayFirst Announces Stock Repurchase Program

ST. PETERSBURG, Fla., Feb. 23, 2023 (GLOBE NEWSWIRE) -- BayFirst National Bank has named Wade Stringfield vice president, SBA lending officer. He assumes the role within the Bank's SBA loan division, CreditBench, which finished the SBA's 2022 fiscal year as the No. 8 SBA 7(a) lender in the country.

CreditBench Welcomes Wade Stringfield as Vice President, SBA Lending Officer

ST. PETERSBURG, Fla., Feb. 22, 2023 (GLOBE NEWSWIRE) -- St. Petersburg, Florida-based BayFirst National Bank has named Raj Badri vice president, SBA lending officer. He assumes the role within the bank's SBA loan division, CreditBench, the No. 8 SBA 7(a) lender in the nation for the SBA's 2022 fiscal year.

Raj Badri Joins CreditBench as Vice President, SBA Lending Officer

Top 10 US SBA Lender Welcomes Charles Conoley as VP Top 10 US SBA Lender Welcomes Charles Conoley as VP

BayFirst Welcomes USDA Business & Industry Lending Officer, Expands Efforts to Fund Rural Development

ST. PETERSBURG, Fla., Feb. 06, 2023 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (the "Company") (NASDAQ: BAFN) announced today that Anthony N. Leo will retire as Chief Executive Officer at the end of 2023. Leo will remain a Director of the Company and will also serve as Special Counsel for strategic matters. The Board of Directors has appointed Thomas G. Zernick to succeed Leo as Chief Executive Officer on January 1, 2024. He was also appointed to serve as a Director of the Company, and is joining the Company's Board effective immediately. Zernick has served as President of the Company since February 2022, and previously served as President of its CreditBench Division, which provides government guaranteed lending to businesses throughout the nation. He joined the Company in 2016.

BayFirst Announces Retirement of Anthony N. Leo as CEO at Year-end 2023, and Appointment of Thomas G.

ST. PETERSBURG, Fla., Jan. 26, 2023 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today reported net income of $1.3 million, or $0.27 per diluted share, for the fourth quarter of 2022 compared to a net loss of $1.4 million, or $0.35 per diluted share, in the third quarter of 2022. In the fourth quarter of 2021, net income was $2.8 million, or $0.61 per diluted share. Net income from continuing operations was $2.1 million for the fourth quarter of 2022 compared to $3.1 million in the third quarter of 2022 and $856 thousand in the fourth quarter of 2021. Quarterly financial results were highlighted by robust loan production in community banking, up 98% year over year, as well as strong SBA 7(a) loan production.

BayFirst Financial Corp. Reports Fourth Quarter 2022 Results; Highlighted by Strong Conventional Loan Production

ST. PETERSBURG, Fla., Jan. 09, 2023 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today announced that it will report its fourth quarter results before the market opens on Friday, January 27, 2023. That same day, management will host a conference call at 9:00 a.m. EST to discuss the results. The call will also be broadcast live via the internet.

BayFirst Financial Corp. Announces Fourth Quarter 2022 Conference Call and Webcast

Michael Yang to Enhance Bank's Digital Strategy and Spearhead Fintech Collaboration Michael Yang to Enhance Bank's Digital Strategy and Spearhead Fintech Collaboration

St. Petersburg-Based BayFirst National Bank Welcomes NJ-Based Fintech Leader as Director of Digital Bank Strategy

20+ Year Industry Vet Brings Vast Local Marketplace and Community Banking Knowledge to New Role 20+ Year Industry Vet Brings Vast Local Marketplace and Community Banking Knowledge to New Role

BayFirst National Bank Welcomes Adam Curtis as Senior Vice President, Pinellas Market Executive

ST. PETERSBURG, Fla., Oct. 28, 2022 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today reported net income from continuing operations of $3.1 million for the third quarter of 2022 compared to $391 thousand in the second quarter of 2022. Following the strategic decision to discontinue the Bank's nationwide residential mortgage operations, BayFirst recognized a one-time charge of $3.7 million in the third quarter of 2022. Net loss inclusive of discontinued operations was $1.4 million, or $0.35 per diluted share, for the third quarter of 2022, compared to a net loss of $282 thousand, or $0.10 per diluted share, in the second quarter of 2022. In the third quarter of 2021, net income inclusive of discontinued operations was $1.3 million, or $0.26 per diluted share. Quarterly financial results were highlighted by robust loan production in community banking, up 172% year over year, as well as the best quarter of SBA 7(a) loan production in the Company's history.

BayFirst Financial Corp. Reports Third Quarter 2022 Results; Highlighted by Strong SBA 7(a) and Conventional Loan Production and Net Interest Margin Expansion

ST. PETERSBURG, Fla., Sept. 21, 2022 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (the “Company”), parent company of BayFirst National Bank (the "Bank"), today announced that due to the precipitous decline in mortgage volumes and the uncertain outlook for mortgage lending over the coming quarters, its Board of Directors has initiated the process of discontinuing the Bank's nationwide network of residential mortgage loan production offices. The Bank will continue to originate mortgage loans in its local Florida market areas. The Board's action is subject to any necessary regulatory approvals.

BayFirst Financial Corp. To Discontinue Nationwide Network of Residential Mortgage LPOs

ST. PETERSBURG, Fla., Aug. 03, 2022 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (f/k/a First Home Bank) (the “Bank”) revised its second quarter earnings report to correct the accounting treatment of deferred loan costs on loans on which the Company elected the fair value option. The timing of recognition of fees and costs on such financial instruments differs for loans carried at amortized cost, with costs and fees recognized when incurred, rather than deferred and recognized over the life of the loan. Much of these costs would have been recognized in the third quarter of 2022 assuming the guaranteed and a portion of the unguaranteed components of these loans would be sold at that time. As of June 30, 2022, $806 thousand of costs related to the loans were charged to expense. A significant portion of these costs was previously included in loans held for investment at amortized cost. Due to this adjustment, the Company incurred a $282 thousand loss, or $(0.12) per diluted common share for the second quarter of 2022, instead of net income of $328 thousand, or $0.03 per diluted common share previously reported. This compares to net income of $13 thousand, or $(0.05) per diluted common share in the first quarter of 2022, and $13.0 million, or $2.98 per diluted common share, in the second quarter of 2021. Financial results for the second quarter of 2022 were highlighted by robust loan production in community banking, up more than 200% year to date over last year, as well as one of the best quarters of SBA 7(a) loan production in the Company's history.

BayFirst Financial Corp. Revises Its Second Quarter 2022 Results; Highlighted by Strong SBA 7(a) and Conventional Loan Production, Improved Operating Efficiencies, and Net Interest Margin Expansion

ST. PETERSBURG, Fla., July 28, 2022 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (the “Company”), parent company of BayFirst National Bank (the "Bank"), today announced its Board of Directors declared a quarterly cash dividend of $0.08 per common share. The dividend will be payable September 15, 2022 to common shareholders of record as of September 1, 2022. This dividend marks the 25th consecutive quarterly cash dividend paid since BayFirst initiated cash dividends in 2016.

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