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BayFirst Financial Corp. Announces Increase to its Stock Repurchase Program
ST. PETERSBURG, Fla., Nov. 30, 2021 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (Nasdaq: BAFN) (f/k/a First Home Bancorp, Inc., OTCQX: FHBI) (“BayFirst” or
About this update from Bayfirst Financial Corp.
[{"type":"text","content":"ST. PETERSBURG, Fla., Nov. 30, 2021 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (Nasdaq: BAFN) (f/k/a First Home Bancorp, Inc., OTCQX: FHBI) (“BayFirst” or the “Company”), parent company of First Home Bank (“First Home” or the “Bank”), today announced that its board of directors amended its stock repurchase program to allow the Company to repurchase up to $450,000 of the Company’s issued and outstanding common stock per quarter. The board of directors initially authorized the program on January 26, 2021 for the repurchase of up to $100,000 per quarter and amended the program on September 9, 2021 to increase the quarterly purchase limit to $400,000. The changes to the program will be implemented immediately and will continue until the earlier of the date an aggregate of $1,000,000 of common stock has been repurchased, with no more than $450,000 being bought back in one quarter, or October 1, 2022, or termination of the program by the board of directors. About BayFirst Financial Corp. BayFirst Financial Corp. (f/k/a First Home Bancorp, Inc.) is a registered bank holding company which commenced operations on September 1, 2000. Its primary source of income is from its wholly owned subsidiary, First Home Bank, which commenced business operations on February 12, 1999. First Home Bank is a Federal Reserve member and a state-chartered banking institution serving the broad spectrum of consumers and small businesses in the Tampa Bay region, supported by national business lines in residential and SBA lending. First Home utilizes these national business lines to provide financial support for the delivery and expansion of traditional banking services, and to serve as specialized lead products to introduce the Bank to new customers in the Tampa Bay region. BayFirst Financial Corp. strives to be a progressive institution in its products & services, technology, design, and social responsibility. BayFirst Financial Corp., through the Bank, offers a broad range of commercial and consumer banking services including various types of deposit accounts and loans for businesses and individuals. As of September 30, 2021, BayFirst Financial Corp. had $943.74 million in total assets. BayFirst Financial Corp. began trading on the Nasdaq Capital Market at the opening of trading on November 30, 2021 under the symbol “BAFN.” Forward Looking Statements This p...