BayFirst Financial Corp. announced its Board of Directors increased its quarterly cash dividend by 14% to $0.08 per common share. The dividend will be payable March 15, 2022 to common shareholders of record as of March 1, 2022.

This dividend marks the 23rd consecutive quarterly cash dividend paid since BayFirst initiated cash dividends in 2016, and represents a 240% increase over the 23-quarter period.