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BayFirst Financial Corp. (NASDAQ:BAFN), a Florida-based state commercial bank with a market capitalization of $65.84 million, disclosed its fourth-quarter financial results for the period ending December 31, 2024, in a conference call on January 31, 2025. The company, which has demonstrated strong performance with a 26.44% return over the past six months and maintains a 2.01% dividend yield, provided these details in a recent SEC Form 8-K filing.
During the call, BayFirst Financial presented its financial performance, highlighting key figures and developments from the quarter, including its impressive 10.6% revenue growth. The company’s executives discussed the results and provided insights into the bank’s operations. For detailed financial analysis and additional insights, investors can access InvestingPro, which offers comprehensive metrics and exclusive ProTips. Interested parties can also access a recording of the conference call through the Investor Relations section of BayFirst Financial’s website.
The information shared in the conference call and the accompanying transcript is not considered filed for purposes of Section 18 of the Securities Exchange Act of 1934, and it is not subject to the liability of that section. Moreover, this information will not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933 or the Exchange Act unless expressly referenced in such filings.
The financial results and the content of the conference call are based on statements from a press release. This report is intended to provide investors with a summary of the key facts disclosed by BayFirst Financial Corp. in compliance with Regulation FD.
In other recent news, BayFirst Financial Corp. has successfully executed a sale-leaseback deal with Mountainseed Real Estate Services, LLC. The transaction involved the sale of two branch office properties, Seminole and Countryside, for a total of $15 million. As part of the agreement, a 15-year leaseback arrangement was established, allowing BayFirst National Bank, a subsidiary of BayFirst Financial Corp., to maintain operations at the sold properties for an annual rent of approximately $1.24 million. This strategic real estate management move is expected to provide the company with additional liquidity while continuing its branch operations at the same locations. These developments, as detailed in the company’s latest 8-K filing, are part of BayFirst Financial Corp.’s broader strategy to unlock the value of its real estate holdings.
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