BayFirst Financial : 4Q 2022 Investor Presentation

BayFirst Financial Corp. (NASDAQ:BAFN)

2022 - Year-end and Fourth 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 the
			COVID-19 pandemic, global military hostilities, or climate change, including their
			effects on the economic environment, our customers and our operations, as
	Cautionary		well as any changes to federal, state or local government laws, regulations or
		orders in connection with them; the ability of the Company to implement its
	Statement		strategy and expand its banking operations; changes in interest rates and other
		general economic, business and political conditions, including changes in the
	Concerning		related to mergers and acquisitions; changes in benchmark interest rates used
	Forward-Looking		financial markets; changes in business plans as circumstances warrant; risks
		other risks detailed from time to time in filings made by the Company with the
	Information		to price loans and deposits, changes in tax laws, regulations and guidance; and
		SEC, 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 - St. Petersburg MSA(1)

GROWTH

157%ASSET GROWTH OVER 5 YEARS

ASSET SIZE

$939 Million total assets (2)

SBA ORIGINATION

#8 SBA 7(a) ORIGINATOR IN

THE NATION (3)

INITIATIVES

ESG ENVIRONMENTAL, SOCIAL, AND GOVERNANCE FOCUSED

1. Deposit market share ranking of banks with assets less than $10B headquartered in the MSA
2. Financial data as of December 31, 2022
3. As of SBA's fiscal year-end of September 2022

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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

• 8 banking centers in Tampa Bay, expected to grow to 12 banking centers over the next two years to three years
• • 9 commercial and 2 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 SBA and commercial lending
• Working with fintechs to offer new and innovative services through Mulesoft API platform

CREDITBENCH

• BayFirst's in-house SBA lending platform
• #8 SBA lender as of SBA's fiscal year ended 9/30/2022
• #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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