BayFirst Financial : 2Q 2023 Investor Presentation

BayFirst Financial Corp. (NASDAQ:BAFN)

2023 - Second Quarter Results (Unaudited)

			In addition to the historical information contained herein, this presentation
			includes "forward-looking statements" within the meaning of such term in the
			Private Securities Litigation Reform Act of 1995. These statements are subject to
			many risks and uncertainties, including, but not limited to, the effects of health
			crises, global military hostilities, or climate change, including their effects on the
			economic environment, our customers and our operations, as well as any
	Cautionary		changes to federal, state or local government laws, regulations or orders in
		connection with them; the ability of the Company to implement its strategy and
	Statement		expand its banking operations; changes in interest rates and other general
		economic, business and political conditions, including changes in the financial
	Concerning		mergers and acquisitions; changes in benchmark interest rates used to price
	Forward-Looking		markets; changes in business plans as circumstances warrant; risks related to
		risks detailed from time to time in filings made by the Company with the SEC,
	Information		loans and deposits, changes in tax laws, regulations and guidance; and other
		including, but not limited to those "Risk Factors" described in our most recent
			Form 10-K and Form 10-Q. Readers should note that the forward-looking
			statements included herein are not a guarantee of future events, and that actual
			events may differ materially from those made in or suggested by the forward-
			looking statements.

Forward-looking statements generally can be identified by the use of forward-looking terminology such as "will," "propose," "may," "plan," "seek," "expect," "intend," "estimate," "anticipate," "believe," "continue," or similar terminology. Any forward-looking statements presented herein are made only as of the date of this document, and we do not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

ABOUT BAYFIRST FINANCIAL CORP.

TAMPA BAY'S PREMIER BANKING FRANCHISE

HOW WE RANK

• in the Tampa Bay/ Sarasota Region(1)

ASSET SIZE

$1.09 Billion total assets (2)

GROWTH

198%ASSET GROWTH OVER 5 YEARS

SBA ORIGINATION

#6 SBA 7(a) ORIGINATOR IN THE NATION (3)

INITIATIVES

ESGENVIRONMENTAL, SOCIAL, AND GOVERNANCE FOCUSED

DEPOSITS

20% TRANSACTION ACCOUNTS GROWTH DURING THE FIRST HALF OF THE YEAR

NET INTEREST MARGIN

45 BPS EXPANSION OF NIM SINCE SAME QUARTER OF LAST YEAR

1.	Deposit ranking of banks with assets less than $10B headquartered in the Tampa/Sarasota region as of March 3, 2023 from Uniform Bank Performance Report
2.	Financial data as of June 30, 2023	3
3.	As of SBA's quarter ended June 30, 2023

ABOUT BAYFIRST FINANCIAL CORP.

CURRENT BANKING CENTER LOCATION

FUTURE BANKING CENTER LOCATION

EXPANDING BANKING CENTER FRANCHISE

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INNOVATIVE COMMUNITY BANK

Technology driven community bank with diversified revenue streams

COMMUNITY BANKING

• 10 banking centers in Tampa Bay, expected to grow to 12 banking centers over the next year
• • 7 commercial and 5 consumer loan production officers
• Full suite of commercial and consumer loan and deposit products to meet the needs of Tampa Bay individuals, families and small businesses

TECHNOLOGY DRIVEN

• Advanced technology platform to support innovative products and services while improving efficiencies
• PowerLOS for government guaranteed and commercial lending platform
• Working with FinTechs to offer new and innovative services through Mulesoft API platform

CREDITBENCH

• BayFirst's in-house government guaranteed lending platform
• #6 SBA lender in dollars and #3 in units as of SBA's quarter ended 6/30/23
• #1 SBA lender in the five county Tampa Bay area at SBA's FY ended 9/30/22
• FlashCap program:
• • SBA 7(a) loans of $350K or less
  • Includes BOLT SBA 7(a) loans for $150K or less, with 85% government guarantee
• Core program:
• • Focuses on $350K and above, and is anchored by 8 experienced core lenders
  • Loan generation from organic sales and FinTech partners

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