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. 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 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.
BayFirst Financial (NASDAQ: BAFN) will report Q4 2025 results after market close on January 29, 2026. Management will host a conference call on Friday, January 30, 2026 at 9:00 a.m. ET to discuss results, with a live internet broadcast.
Investors can listen under the Investor Relations tab at www.bayfirstfinancial.com. Investment professionals may dial (800) 549-8228 and use Conference ID 15602. A replay will be available for one year at www.bayfirstfinancial.com.
BayFirst Financial Corp (NASDAQ: BAFN) closed the sale of $94.6 million of loans to Banesco USA on December 15, 2025, following an announcement on September 29, 2025.
On a pro forma basis the Bank's total capital ratio improves to 10.1% and the tier 1 leverage ratio improves to 6.8%. BayFirst exited the SBA 7(a) lending business early in the fourth quarter and Banesco USA will assume servicing of the sold loans. The company expects an additional $4.5 million of loan balances to be sold to Banesco USA before year end. BayFirst was advised by Piper Sandler & Company and Igler & Pearlman, PA.
BayFirst Financial (NASDAQ: BAFN) reported a Q3 2025 net loss of $18.9M (‑$4.66 per share) driven by higher provision expense and $12.4M of one‑time charges, including a $7.3M restructuring charge tied to exiting the SBA 7(a) lending business. The company signed a definitive agreement to sell part of its SBA 7(a) portfolio to Banesco USA at 97% of retained loan balances (a reported net loss on that portion of $5.1M) and expects the sale to close in Q4 2025, contingent on federal approvals.
Key operating metrics: NIM 3.61% (down 45 bps QoQ), loans held for investment $998.7M (down $127.1M QoQ), deposits $1.17B (up 5.3% YoY), book value $17.90 per share, ACL/loans 2.61%, Tier 1 leverage 6.64%.