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 Q4 2021

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BayFirst Financial Corp boosts profitability amid revenue challenges in Q2

BayFirst Financial Corp demonstrated resilience in improving profitability amidst revenue challenges.
Strategic initiatives to enhance loan portfolio quality and customer engagement position the company for sustainable growth.
Despite facing headwinds, the firm's focus on cost management and strategic hires reflects a proactive approach to navigating market conditions.

BayFirst Financial Corp reports strong Q3 earnings amidst market recognition

BayFirst Financial Corp (BAFN) delivered a robust performance in Q3 2024, marked by significant growth in net income, deposit balances, and government-guaranteed loans. The company's recognition as the top bank in Florida and focus on credit quality position it well for future growth.
While facing challenges such as slight decreases in loan origination and increased noninterest expenses, BayFirst has opportunities to optimize its operations, expand its loan portfolio, and drive profitability through enhanced efficiency and customer-centric strategies.

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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., Oct. 24, 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 $1.1 million, or $0.18 per diluted common share, for the third quarter of 2024, an increase of 31.3% compared to $0.9 million, or $0.12 per diluted common share, in the second quarter of 2024.

BayFirst Financial Corp. Reports Third Quarter 2024 Results; Third Quarter Net Income Increased 31.3% Over Prior Quarter

ST. PETERSBURG, Fla., July 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 $0.9 million, or $0.12 per diluted common share, for the second quarter of 2024, an increase of 5.1% compared to $0.8 million, or $0.11 per diluted common share, in the first quarter of 2024. Net income increased due to higher net interest income and lower provision for credit losses and compensation expense, partially offset by lower gain on sale of government guaranteed loans resulting from a decrease in balance of loans sold.

BayFirst Financial Corp. Reports Second Quarter 2024 Results; Highlighted by Improved Operating Efficiencies and Lower Net Charge-Offs

ST. PETERSBURG, Fla., June 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 second quarter results after the market close on Thursday, July 25, 2024. Management will host a conference call on Friday, July 26, 2024, at 9:00 a.m. ET to discuss the results. The call will also be broadcast live via the internet.

BayFirst Announces Second Quarter 2024 Conference Call and Webcast

ST. PETERSBURG, Fla., April 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 $0.8 million, or $0.11 per diluted common share, for the first quarter of 2024, compared to $1.7 million, or $0.32 per diluted common share, in the fourth quarter of 2023. Net income decreased due to two primary factors: higher provision for credit losses of $1.4 million, coupled with weaker Core SBA 7(a) loan production ($350 thousand to $5 million loan size) attributed to the continued higher interest rate environment negatively impacting loan demand.

BayFirst Financial Corp. Reports First Quarter 2024 Results; Highlighted by Strong Loan and Deposit Growth with Higher Provision for Credit Losses

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

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