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BayFirst Financial Corp ( (BAFN) ) has issued an announcement.
BayFirst Financial Corp. reported a significant increase in net income for the fourth quarter of 2024, driven by an expansion in net interest margin, improved operating efficiencies, and a notable gain from a sale-leaseback transaction of branch properties. The company also announced a quarterly cash dividend and a stock repurchase program, emphasizing its commitment to shareholder value and confidence in future growth. With a focus on reducing noninterest expenses and leveraging technology investments, BayFirst aims to further enhance its operational efficiency and cost management.
More about BayFirst Financial Corp
BayFirst Financial Corp., the parent company of BayFirst National Bank, operates within the financial industry with a focus on providing banking services to individuals, families, and small businesses. The company also has a government-guaranteed banking division and offers products like the SBA 7(a) loan program to provide working capital loans.
YTD Price Performance: 16.68%
Average Trading Volume: 6,709
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $63.85M
Learn more about BAFN stock on TipRanks’ Stock Analysis page.