BayFirst Financial Corp. Files 8-K on Operations and Financials

Ticker: BAFN · Form: 8-K · Filed: Jan 30, 2025 · CIK: 1649739

Sentiment: neutral

Topics: 8-K, financial-condition, operations

TL;DR

BayFirst Financial Corp. dropped an 8-K on Jan 30, 2025, covering ops, financials, and other events. Check it out.

AI Summary

On January 30, 2025, BayFirst Financial Corp. filed an 8-K report detailing events related to its financial condition and operations. The filing includes information on the results of operations, regulatory disclosures, and other pertinent events, along with financial statements and exhibits.

Why It Matters

This 8-K filing provides investors with crucial updates on BayFirst Financial Corp.'s financial performance and operational status as of January 30, 2025.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of operational and financial information, not indicating any immediate or significant risk.

Key Players & Entities

FAQ

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

The primary purpose is to report on the Results of Operations and Financial Condition, Regulation FD Disclosure, Other Events, and to file Financial Statements and Exhibits as of January 30, 2025.

When was BayFirst Financial Corp. incorporated, and in which state?

BayFirst Financial Corp. was incorporated in Florida.

What was the former name of BayFirst Financial Corp. and when did the name change occur?

The former name was First Home Bancorp Inc, and the date of the name change was July 31, 2015.

What is the principal executive office address for BayFirst Financial Corp.?

The principal executive office is located at 700 Central Avenue, Suite 102, St. Petersburg, Florida, 33701.

What is the IRS employer identification number for BayFirst Financial Corp.?

The IRS employer identification number is 59-3665079.

Filing Stats: 829 words · 3 min read · ~3 pages · Grade level 10.7 · Accepted 2025-01-30 16:00:43

Key Financial Figures

Filing Documents

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition On January 30, 2025, BayFirst Financial Corp. (the "Company") issued a press release announcing its financial results for the fourth 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 fourth quarter 2024 conference call on Friday, January 31, 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 January 28, 2025, the Company's Board of Directors declared a quarterly cash dividend of $0.08 per common share. The dividend will be payable March 15, 2025 to common shareholders of record as of March 1, 2025. The Company has continuously paid quarterly common stock cash dividends since 2016. On January 28, 2025, the Board of Directors of BayFirst Financial Corp. (the "Company") approved the Company's 2025 Stock Repurchase Program ("Program"). The Program permits the Company to repurchase up to $2,000,000 of the Company's issued and outstanding common stock. The Program will continue until the earlier of: (i) the date an aggregate of $2,000,000 of common stock has been repurchased; (ii) December 31, 2025; or the termination of the plan by the Board of Directors. A copy of the press release is attached to this Form 8-K as Exhibit 99.1.

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 January 30 , 202 5 * 99.2 BayFirst Financial Corp. Fourth 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: 1/30/2025 By: /s/ Scott J. McKim Scott J. McKim Chief Financial Officer

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