BayFirst Financial Corp. Files 8-K

Ticker: BAFN · Form: 8-K · Filed: Oct 24, 2024 · CIK: 1649739

Sentiment: neutral

Topics: financial-reporting, 8-K

TL;DR

BayFirst Financial Corp. dropped an 8-K update on financials. Check it out.

AI Summary

BayFirst Financial Corp. filed an 8-K on October 24, 2024, reporting on its financial condition and other events. The filing includes financial statements and exhibits, indicating a regular update on the company's operational and financial status. The company, formerly known as First Home Bancorp Inc., is incorporated in Florida and headquartered in St. Petersburg.

Why It Matters

This 8-K filing provides an update on BayFirst Financial Corp.'s financial condition and operations, which is crucial for investors to assess the company's performance and stability.

Risk Assessment

Risk Level: low — This filing is a routine 8-K for financial reporting and does not appear to contain any immediately alarming or significant negative news.

Key Players & Entities

FAQ

What is the primary purpose of this 8-K filing for BayFirst Financial Corp.?

The primary purpose of this 8-K filing is to report on the Results of Operations and Financial Condition, Regulation FD Disclosure, Other Events, and to provide Financial Statements and Exhibits for BayFirst Financial Corp.

When was the report filed and what is the earliest event date reported?

The report was filed on October 24, 2024, and the earliest event reported is also October 24, 2024.

What was BayFirst Financial Corp.'s former name?

BayFirst Financial Corp.'s former name was First Home Bancorp Inc.

In which state is BayFirst Financial Corp. incorporated and where are its principal executive offices located?

BayFirst Financial Corp. is incorporated in Florida and its principal executive offices are located in St. Petersburg, Florida.

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: 738 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-10-24 16:00:51

Key Financial Figures

Filing Documents

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition On October 24, 2024, BayFirst Financial Corp. (the "Company") issued a press release announcing its financial results for the third 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 third quarter 2024 conference call on Friday, October 25, 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 October 22, 2024, the Company's Board of Directors declared a quarterly cash dividend of $0.08 per common share. The dividend will be payable December 15, 2024 to common shareholders of record as of December 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 October 2 4 , 2024 * 99.2 BayFirst Financial Corp. Third 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: 10/24/2024 By: /s/ Scott J. McKim Scott J. McKim Chief Financial Officer

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