BayFirst Financial Corp. Reports Second Quarter 2024 Results; Highlighted by Improved Operating Efficiencies and Lower Net Charge-Offs
BayFirst Financial Corp. (BAFN)
Company Research
Source: GlobeNewswire
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. “We are pleased with the improvement in credit administration during the second quarter which resulted in a $1.1 million decrease in our provision for credit losses from the previous quarter,” stated Thomas G. Zernick, Chief Executive Officer. "As we stated in the past, the SBA 7(a) working capital loans we offer often provide resources to small bus
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News
- BayFirst Financial (NASDAQ:BAFN) Has Announced A Dividend Of $0.08 [Yahoo! Finance]Yahoo! Finance
- BayFirst Financial (NASDAQ:BAFN) Has Announced A Dividend Of $0.08 [Yahoo! Finance]Yahoo! Finance
- BayFirst Financial Corp. Reports Second Quarter 2024 Results; Highlighted by Improved Operating Efficiencies and Lower Net Charge-Offs [Yahoo! Finance]Yahoo! Finance
BAFN
Sec Filings
- 9/19/24 - Form 4
- 9/19/24 - Form 4
- 9/19/24 - Form 4
- BAFN's page on the SEC website