BayFirst Financial Corp Achieves Strong Q3 2024 Growth
Company Announcements

BayFirst Financial Corp Achieves Strong Q3 2024 Growth

BayFirst Financial Corp ( (BAFN) ) has shared an announcement.

BayFirst Financial Corp. demonstrated resilience in Q3 2024, overcoming challenges from two hurricanes and achieving a 31% increase in net income to $1.1 million. The company grew its deposit balances by 13% year-to-date, with loans held for investment rising by $34 million. BayFirst’s government guaranteed loan origination reached $94.4 million, and it was ranked as the top bank in Florida by Forbes. The bank also focused on supporting small businesses, modifying 400 SBA 7(a) loans to aid borrowers, showcasing its strong community commitment.

Learn more about BAFN stock on TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskBayFirst Financial Corp’s Strong Q3 and Forbes Recognition
TheFlyBayFirst Financial reports Q3 EPS 18c vs. 41c last year
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App