Welcome to our dedicated page for Bayfirst Financial news (Ticker: BAFN), a resource for investors and traders seeking the latest updates and insights on Bayfirst Financial stock.
BayFirst Financial Corp (BAFN) delivers community-focused banking services through residential lending, SBA financing, and deposit-funded operations. This news hub provides investors and stakeholders with timely updates on the company’s strategic initiatives and financial performance.
Access official press releases, earnings announcements, and regulatory filings in one centralized location. Our curated collection spans key areas including loan portfolio updates, technology implementations, risk management practices, and market expansion efforts.
Discover updates across BAFN’s core business segments: SBA lending program developments, residential mortgage trends, and community banking innovations. The page aggregates critical financial communications while maintaining compliance with disclosure standards.
Bookmark this resource for streamlined tracking of BayFirst’s operational milestones. Check regularly for new insights into capital management strategies, partnership announcements, and leadership updates that shape the company’s trajectory in the financial services sector.
BayFirst Financial Corp. (NASDAQ: BAFN), the parent company of BayFirst National Bank, has scheduled its third quarter 2025 earnings conference call for October 31, 2025, at 9:00 a.m. ET. The company will release its financial results after market close on October 30, 2025.
The conference call will be accessible to investment professionals via phone using Conference ID 85147, and investors can listen to the live broadcast through the Investor Relations section of BayFirst's website. A replay of the call will remain available on the company's website for one year.
BayFirst Financial Corp. (NASDAQ: BAFN) has announced its strategic exit from the SBA 7(a) lending business, including a significant $103 million loan sale to Banesco USA. The transaction, expected to close in Q4 2025, involves selling the loans at 97% of retained balances, with Banesco USA assuming servicing rights for both purchased and remaining BayFirst-owned SBA loans.
The strategic move aligns with BayFirst's earlier announced comprehensive review aimed at derisking SBA 7(a) balances and enhancing shareholder value. Most of BayFirst's current SBA lending staff will be offered positions at Banesco USA. Moving forward, BayFirst will focus on its community banking mission, serving the Tampa Bay region with retail banking products and services.
BayFirst Financial Corp. (NASDAQ: BAFN) has announced the immediate discontinuation of its Bolt SBA 7(a) loan program as part of a strategic restructuring. The company is implementing significant changes including a 17% workforce reduction (51 positions) that will result in $6 million in annual cost savings.
Key measures include charge-offs and fair value write-downs on high-risk SBA 7(a) loans in Q2 2025, plans to sell the Bolt loan balances and origination platform, suspension of dividend payments, and directors foregoing board fees. The company will record a restructuring charge in Q3 2025.
BayFirst aims to refocus on its community banking activities across its twelve Tampa Bay centers while strengthening its core SBA 7(a) offerings.
BayFirst Financial Corp. (NASDAQ: BAFN) reported a net loss of $1.2 million, or $(0.39) per share, in Q2 2025, compared to a net loss of $0.3 million in Q1 2025. The company's net interest margin improved to 4.06%, up 29 basis points from the previous quarter.
Key highlights include loan growth of $41.0 million (3.8%) to $1.13 billion, deposit growth of $35.5 million (3.1%) to $1.16 billion, and government-guaranteed loan originations of $106.4 million. The company suspended common and preferred stock dividends and board fees amid a strategic review focused on derisking unguaranteed SBA 7(a) balances.
Asset quality metrics showed increased pressure with net charge-offs rising to $6.8 million and provision for credit losses increasing to $7.3 million. The Bank maintained strong capital ratios with a Tier 1 leverage ratio of 8.11%.
BayFirst Financial Corp. (NASDAQ: BAFN) has scheduled its second quarter 2025 earnings conference call and webcast. The company will release its Q2 2025 results after market close on Tuesday, July 29, 2025. Management will discuss these results during a conference call on Wednesday, July 30, 2025, at 9:00 a.m. ET.
Investment professionals can participate by dialing (800) 549-8228 with Conference ID 29222. The call will be broadcast live on the company's website under the Investor Relations tab, and a replay will be available for one year at www.bayfirstfinancial.com.
BayFirst Financial Corp. (NASDAQ: BAFN) reported a net loss of $0.3 million ($0.17 per share) in Q1 2025, down 103.4% from Q4 2024's $9.8 million profit. The decline was primarily due to challenging economic conditions and absence of Q4's $11.6 million gain from branch property sales.
Key financial metrics include:
- Net interest margin increased to 3.77%, up 17 basis points from Q4 2024
- Loans held for investment grew 1.7% to $1.08 billion
- Deposits decreased 1.3% to $1.13 billion
- Government guaranteed loan originations reached $106.3 million
The company announced a Q2 2025 cash dividend of $0.08 per share and implemented a $2.0 million share repurchase program. Asset quality metrics showed increased stress with nonperforming assets at 2.08% of total assets, up from 1.50% in Q4 2024.
BayFirst Financial Corp. (NASDAQ: BAFN) has scheduled its first quarter 2025 earnings announcement and conference call. The company will release its Q1 results after market close on Thursday, April 24, 2025.
A conference call to discuss the results will be held on Friday, April 25, 2025, at 9:00 a.m. ET. Investment professionals can participate by dialing (800) 549-8228 with Conference ID 90275. The call will be broadcast live on the company's website under the Investor Relations section, and a replay will be available for one year at www.bayfirstfinancial.com.
BayFirst Financial Corp. (NASDAQ: BAFN) reported strong Q4 2024 results with net income of $9.8 million, or $2.11 per diluted common share, a 759.8% increase from Q3 2024. Full-year 2024 net income reached $12.6 million ($2.62 per diluted share), up from $5.7 million in 2023.
Key highlights include a 26bps expansion in net interest margin to 3.60%, $107.8 million in new government guaranteed loans, and a significant $11.6 million pre-tax gain from a sale-leaseback transaction of two branch properties. Loans held for investment increased by $24.1 million to $1.07 billion, while deposits grew by $31.0 million to $1.14 billion.
The company announced a new $2.0 million share repurchase program and declared a Q1 2025 cash dividend of $0.08 per common share.
BayFirst Financial Corp. (NASDAQ: BAFN) has announced it will release its fourth quarter 2024 financial results after market close on Thursday, January 30, 2025. The company will host a conference call to discuss the results on Friday, January 31, 2025, at 9:00 a.m. ET. Investment professionals can participate by dialing (800) 549-8228 with Conference ID 71006. The call will be broadcast live on the company's website under the Investor Relations section, and a replay will be available for one year at www.bayfirstfinancial.com.
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