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BayFirst Financial Corp ( (BAFN) ) has shared an announcement.
On January 31, 2025, BayFirst Financial Corp reported its financial results for the fourth quarter of 2024, highlighting a net income of $9.8 million. The company saw improvements in its net interest margin and completed a sale-leaseback transaction to enhance capital positions for future growth. Despite challenges from autumn hurricanes, BayFirst made strategic adjustments, such as suspending fair value measurements on government guaranteed loans, to align with industry standards and enhance consistency in financial reporting. The company also saw growth in deposits and loans, and emphasized its focus on becoming the premier community bank in Tampa Bay by hiring new teams and expanding its business banking and healthcare platforms.
More about BayFirst Financial Corp
BayFirst Financial Corp operates in the financial services industry, offering a range of banking products and services. The company focuses on community banking and has a network of 12 banking centers across Tampa Bay, specializing in government guaranteed loans and small business banking solutions.
YTD Price Performance: 21.33%
Average Trading Volume: 6,285
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $65.84M
Learn more about BAFN stock on TipRanks’ Stock Analysis page.
