BayFirst Financial Corp. Files 8-K on Financials

Ticker: BAFN · Form: 8-K · Filed: Jul 25, 2024 · CIK: 1649739

Sentiment: neutral

Topics: financial-reporting, 8-k, company-update

TL;DR

BayFirst Financial Corp. dropped an 8-K detailing financials and other events. Check it out.

AI Summary

BayFirst Financial Corp. filed an 8-K on July 25, 2024, reporting on its results of operations and financial condition. The filing also included disclosures related to Regulation FD and other events, along with financial statements and exhibits. The company, formerly known as First Home Bancorp Inc., is incorporated in Florida and headquartered in St. Petersburg.

Why It Matters

This filing provides investors with crucial updates on BayFirst Financial Corp.'s financial performance and operational status, impacting investment decisions.

Risk Assessment

Risk Level: low — This is a routine financial disclosure filing (8-K) and does not inherently present new risks.

Key Players & Entities

FAQ

What specific financial results are being reported in this 8-K?

The filing indicates it reports on 'Results of Operations and Financial Condition' but does not provide specific figures within the provided text.

What other items are disclosed in this 8-K filing?

The filing also includes disclosures related to Regulation FD, other events, and financial statements and exhibits.

When was BayFirst Financial Corp. formerly known as?

BayFirst Financial Corp. was formerly known as First Home Bancorp Inc., with a name change date of July 31, 2015.

Where is BayFirst Financial Corp. headquartered?

BayFirst Financial Corp. is headquartered in St. Petersburg, Florida, at 700 Central Avenue, Suite 102.

What is the SIC code for BayFirst Financial Corp.?

The Standard Industrial Classification (SIC) code for BayFirst Financial Corp. is 6022, which corresponds to State Commercial Banks.

Filing Stats: 736 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-07-25 16:00:38

Key Financial Figures

Filing Documents

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition On July 25, 2024, BayFirst Financial Corp. (the "Company") issued a press release announcing its financial results for the second quarter of 2024. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure The Company has prepared presentation materials (the "Conference Call & Webcast Presentation") that management intends to use during its previously announced second quarter 2024 conference call on Friday, July 26, 2024 at 9:00 am Eastern Time, and from time to time thereafter in presentations about the Company's operations and performance. The Company may use the Conference Call & Webcast Presentation, possibly with modifications, in presentations to current and potential investors, analysts, lenders, business partners, acquisition candidates, customers, employees and others with an interest in the Company and its business. A copy of the Conference Call & Webcast Presentation is furnished as Exhibit 99.2 to this report and incorporated herein by reference. The Conference Call & Webcast Presentation is also available on the Company's website at www.bayfirstfinancial.com. Materials on the Company's website are not part of, or incorporated by reference into, this report.

01. Other Events

Item 8.01. Other Events On July 23, 2024, the Company's Board of Directors declared a quarterly cash dividend of $0.08 per common share. The dividend will be payable September 15, 2024 to common shareholders of record as of September 1, 2024. The Company has continuously paid quarterly common stock cash dividends since 2016.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Exhibit Name Filed Herewith 99.1 BayFirst Financial Corp. Press Release dated July 25, 2024 * 99.2 BayFirst Financial Corp. Second Quarter 2024 Investor Presentation * 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * The information in this report (including the exhibits) shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BAYFIRST FINANCIAL CORP. Date: 7/25/2024 By: /s/ Scott J. McKim Scott J. McKim Chief Financial Officer

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