BayFirst Financial Corp ( (BAFN) ) has issued an announcement.
BayFirst Financial Corp. reported a strong third quarter in 2024, with a 31.3% increase in net income compared to the previous quarter, driven by higher net interest income and gains from government-guaranteed loans. Despite a slight dip in loan origination, the company maintained significant loan volumes and continued to enhance its credit quality. Deposits grew by 6.7%, and the bank was recognized as the best in Florida by Forbes, reflecting its robust community bank model and customer service.
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