BayFirst Financial Corp. reports developments for a Florida bank holding company whose wholly owned subsidiary, BayFirst National Bank, provides community banking services to individuals, families and small businesses. Recurring updates cover operating results, deposit trends, credit quality, capital ratios, loan portfolio actions and treasury management revenue within its Tampa Bay banking franchise.
The company's news also includes capital actions, leadership and governance changes, restructuring steps and completed loan sales tied to its exit from SBA 7(a) lending. Updates describe the shift toward core community bank funding, relationship deposits and fee income sources.
BayFirst Financial (BAFN) will report third-quarter 2026 results after the market close on October 29, 2026, followed by a management conference call.
The call is scheduled for October 30, 2026, at 9:00 a.m. ET and will be webcast live through the Investor Relations section at www.bayfirstfinancial.com. A replay will remain available on the website for one year.
BayFirst Financial (BAFN) shareholders elected 12 directors to its board at the September 22, 2026, annual meeting.
Those elected were Mark S. Berset, William T. Conroy, Dennis R. DeLoach, III, Kenneth R. Lehman, Christos Politis, M.D., Alfred T. Rogers, Jr., Anthony Saravanos, Bradly W. Spoor, William I. Sultenfuss, II, Joseph E. Taggart, Andrew P. Wright, and Barbara J. Zipperian.
The directors will serve until their respective terms expire or their successors are elected and qualified.
BayFirst Financial Corp. (NASDAQ: BAFN) announced that the SEC issued a Notice of Effectiveness on August 31, 2026, for its Form S-1 registration, enabling a rights offering to existing shareholders. According to BayFirst, shareholders of record as of May 12, 2026, may subscribe for up to 4,108,072 new common shares at $3.50 per share, as detailed in the final prospectus filed September 1, 2026 under Rule 424(b)(3). The company has engaged Regan & Associates as information agent. BayFirst, parent of BayFirst National Bank, reported $1.13 billion in total assets as of June 30, 2026.
BayFirst Financial Corp. (NASDAQ: BAFN) reported a second quarter 2026 net loss of $32.7 million, or $8.05 per share, mainly driven by $41.5 million of expenses tied to an asset resolution plan focused on government guaranteed and over 7,000 unguaranteed SBA 7(a) loans.
The Company completed an $80 million capital raise announced April 28, 2026, investing $60 million into BayFirst National Bank, and recorded sizable provision, fair value write-downs, and impairments. Net interest margin was 3.48% (4.07% excluding write-downs), loans fell to $882.8 million, and deposits to $988.9 million.
Allowance for credit losses rose to 5.37% of loans, while nonperforming assets declined to 1.75% of total assets. Bank capital ratios improved, with a Tier 1 leverage ratio of 8.30%, and the Bank remained well-capitalized as of June 30, 2026.
BayFirst Financial (NASDAQ: BAFN) has rescheduled the reporting of its second quarter 2026 results to after market close on August 13, 2026, with a related earnings conference call set for 9:00 a.m. ET on August 14, 2026.
According to BayFirst, this change is tied to its previously disclosed asset resolution plan and the restatement of consolidated financial statements for the years ended December 31, 2024 and 2025 and the quarter ended March 31, 2026, which it has said should no longer be relied on. The company expects to file amendments to its 2025 Form 10-K and first quarter 2026 Form 10-Q by August 12, 2026. As of March 31, 2026, BayFirst reported $1.20 billion in total assets and operates eleven full-service banking offices in the Tampa Bay-Sarasota region.
BayFirst Financial (NASDAQ: BAFN) completed quantifying the impact of its asset resolution plan tied to the April 28, 2026 Stock Purchase Agreement. The plan identifies specific government‑guaranteed loans and adjusts expected collections on over 7,000 unguaranteed SBA 7(a) small balance loans, resulting in $37.0 million of loan-related adjustments affecting both amortized-cost and fair-value portfolios.
According to BayFirst, it will also record a $1.5 million impairment on a non‑marketable equity investment and a $1.6 million write-down of unamortized premiums on certain USDA loans. These items will be reflected in second-quarter 2026 results to be released July 30, 2026. The company will restate audited financial statements for 2024, 2025 and Q1 2026 after identifying $2.8 million of deferred origination costs and $2.1 million of accrued interest tied to defaulted or non‑accrual loans, which understated provision expense and overstated net interest income.
Restated figures revise 2024 net income from $12.6 million to $11.4 million, 2025 net loss from $22.9 million to $24.2 million, and Q1 2026 net loss from $5.7 million to $5.9 million. BayFirst states that prior financial statements should no longer be relied upon and anticipates filing amended 2025 Form 10-K and Q1 2026 Form 10-Q by August 12, 2026.
BayFirst Financial (NASDAQ: BAFN) will report its second quarter 2026 results after market close on Thursday, July 30, 2026. Management will host a conference call on Friday, July 31, 2026 at 9:00 a.m. ET, with a live webcast and one-year replay via the Investor Relations section of the company’s website.
BayFirst Financial (NASDAQ: BAFN) completed an $80.0 million PIPE offering issuing convertible preferred stock that may convert into ~22.9 million common shares at an effective $3.50 per share, subject to approvals. The company reported a Q1 2026 net loss of $5.7 million and named Alfred Rogers as CEO of the Bank; the Board resumed preferred dividends and plans a Series A redemption. Proforma capital ratios after a $42.0 million contribution show a Tier 1 leverage ratio of 10.02% and CET1 of 13.13%.
BayFirst Financial (NASDAQ: BAFN) will report first quarter 2026 results after the market close on Thursday, April 30, 2026. Management will host a conference call on Friday, May 1, 2026 at 9:00 a.m. ET to discuss the results. The call will be broadcast live via the internet and available under the Investor Relations tab at www.bayfirstfinancial.com. Investment professionals may dial (800) 549-8228 using Conference ID 37957. A replay will be available for one year at www.bayfirstfinancial.com.
BayFirst Financial (NASDAQ: BAFN) reported a Q4 2025 net loss of $2.5M and a 2025 net loss of $22.9M. Key actions included the $96.6M sale of SBA 7(a) loans to Banesco USA, headcount cut to 144, and deposits of $1.18B (+3.6% YoY).
Other metrics: net interest margin 3.58%, loans held for investment $963.9M, allowance for credit losses 2.43%, Tier 1 leverage 6.63%, and treasury management revenue +69% YoY.