BayFirst Financial (NASDAQ: BAFN) resets Q2 call as it restates past results
Rhea-AI Filing Summary
BayFirst Financial Corp., parent of BayFirst National Bank, states it is rescheduling release of its second quarter 2026 results to after the market close on August 13, 2026, with a conference call on August 14, 2026 at 9:00 a.m. ET.
Management links the schedule change to work on an asset resolution plan and accounting restatements. Previously issued consolidated financial statements as of and for the years ended December 31, 2024 and December 31, 2025, and for the quarter ended March 31, 2026, will be restated and should no longer be relied on, and amendments to the 2025 Form 10-K and first quarter 2026 Form 10-Q are expected by August 12, 2026.
BayFirst describes itself as a registered bank holding company with $1.20 billion in total assets as of March 31, 2026 and eleven full-service offices in the Tampa Bay–Sarasota region, offering commercial and consumer banking services.
Positive
- None.
Negative
- BayFirst indicates that consolidated financial statements for the years ended December 31, 2024 and December 31, 2025, and for the quarter ended March 31, 2026, will be restated and should no longer be relied upon, creating significant financial reporting uncertainty.
Insights
Analyzing...
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Earnings release date: August 13, 2026
Conference call time: 9:00 a.m. ET
Target date for amendments: August 12, 2026
+2 more
5 metrics
Earnings release date
August 13, 2026
Second quarter 2026 results will be reported after market close on August 13, 2026.
Conference call time
9:00 a.m. ET
Management will host a conference call on August 14, 2026, at 9:00 a.m. ET to discuss results.
Target date for amendments
August 12, 2026
BayFirst expects to file amendments to its 2025 Form 10-K and Q1 2026 Form 10-Q by August 12, 2026.
Total assets
$1.20 billion
As of March 31, 2026, BayFirst Financial Corp. had $1.20 billion in total assets.
Full-service offices
11 offices
BayFirst National Bank operates eleven full-service banking offices in the Tampa Bay–Sarasota region.
Key Terms
asset resolution plan, restated, bank holding company, forward-looking statements, +1 more
5 terms
asset resolution plan financial
"the Company announced the implementation of its asset resolution plan"
restated financial
"consolidated financial statements ... should be restated"
When a company’s previously issued financial results are changed and reissued to correct errors, accounting mistakes, or to reflect a new accounting rule. Investors care because restated numbers can alter a company’s past profits, debt or performance trends, like fixing a misprinted score in a game — it changes how you judge past results and may affect trust, legal risk, and the company’s current valuation.
bank holding company regulatory
"BayFirst Financial Corp. is a registered bank holding company"
A bank holding company is a parent corporation that owns one or more banks and other financial businesses, like a household that controls several shops under the same roof. Investors care because this structure determines how the business is regulated, how it raises capital, pays dividends, and absorbs losses; it can make a banking group safer or riskier and affects the value and liquidity of the company’s shares.
forward-looking statements regulatory
"this presentation includes "forward-looking statements""
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What change did BayFirst Financial (BAFN) announce for its second quarter 2026 results?
BayFirst will now report its second quarter 2026 results after the market close on August 13, 2026. Management will then host a conference call to discuss the quarter on August 14, 2026, at 9:00 a.m. ET, with a live webcast and replay available online.
Which BayFirst Financial (BAFN) financial statements are being restated and should no longer be relied upon?
BayFirst states that consolidated financial statements as of and for the years ended December 31, 2024 and December 31, 2025, and for the quarter ended March 31, 2026, will be restated. The company says those previously issued statements and related audit reports should no longer be relied upon.
Which SEC reports will BayFirst Financial (BAFN) amend, and by when?
BayFirst plans to file amendments to its 2025 Form 10-K and its first quarter 2026 Form 10-Q. The company states it expects to submit these amended filings by August 12, 2026, in connection with its restatement and asset resolution work.
Why is BayFirst Financial (BAFN) taking additional time before releasing Q2 2026 earnings?
BayFirst explains that, in connection with its asset resolution plan, the required financial statement restatements, and preparation of Form 10-K and 10-Q amendments, it needs extra time to complete procedures related to the June 30, 2026 earnings release and webcast.
How can investors access BayFirst Financial’s (BAFN) second quarter 2026 conference call?
Investors can listen live via webcast under the Investor Relations tab at www.bayfirstfinancial.com. Investment professionals may dial (833) 461-5787 using Conference ID 560643219. A replay of the call will be available on the website for one year.
How large is BayFirst Financial (BAFN) and where does it operate?
As of March 31, 2026, BayFirst Financial Corp. had $1.20 billion in total assets. Its subsidiary BayFirst National Bank operates eleven full-service banking offices across the Tampa Bay–Sarasota region, serving both commercial and consumer customers.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) July 28, 2026
(Exact name of registrant as specified in its charter)
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
| Securities Registered pursuant to Section 12(b) of the Act: | ||||||||
| Title of each class registered | Trading Symbol(s) | Name of exchange on which registered | ||||||
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1933 (§240.12b-2 of this chapter) | |||||
Emerging growth company | |||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | |||||
Item 7.01. Regulation FD Disclosure.
ST. PETERSBURG, Florida – July 28, 2026 – BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or “Company”), parent company of BayFirst National Bank (“Bank”) today announced that it has changed the date for reporting its second quarter results to after the market close on August 13, 2026.
In a Form 8-K filed on July 14, 2026, the Company announced the implementation of its asset resolution plan. In the same Form 8-K, the Company also reported that its consolidated financial statements as of and for the years ended December 31, 2024, and December 31, 2025, and the quarter ended March 31, 2026, should be restated, and the previously issued consolidated financial statements, and the related audit reports from its independent registered public accounting firm for such periods, should no longer be relied on. As a result, the Company will file amendments to its 2025 Form 10-K and to its first quarter 2026 Form 10-Q. As previously reported, the Company expects to file these amendments by August 12, 2026.
In connection with the asset resolution plan, the financial statement restatements, and the preparation of the Form 10-Q and Form 10-K amendments, the Company also requires additional time to complete its procedures related to its earnings release and webcast for the quarter ended June 30, 2026. The Company expects to issue its earnings release on Thursday, August 13, 2026 and management will host a conference call on Friday, August 14, 2026, at 9:00 a.m. ET to discuss the results. The call will also be broadcast live via the internet.
Interested investors may listen to the call live under the Investor Relations tab at www.bayfirstfinancial.com. Investment professionals are invited to dial (833) 461-5787 to participate in the call using Conference ID 560643219. A replay of the call will be available for one year at www.bayfirstfinancial.com.
The Press Release is attached as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
| (d) Exhibits | |||||||||||||||||
| Exhibit Number | Exhibit Name | Filed Herewith | |||||||||||||||
| 99.1 | BayFirst Financial Corp. Press Release dated July 28, 2026 | * | |||||||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | * | |||||||||||||||
The information in this report (including the exhibits) shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BAYFIRST FINANCIAL CORP. | ||||||||
| Date: | July 28, 2026 | |||||||
| By: | /s/ Scott J. McKim | |||||||
| Scott J. McKim | ||||||||
| Chief Financial Officer | ||||||||
| Contacts: | |||||
| Alfred T. Rogers, Jr. | Scott J. McKim | ||||
| Chief Executive Officer | Chief Financial Officer | ||||
| 727.685.2097 | 727.521.7085 | ||||
BayFirst Reschedules Date for Second Quarter 2026 Conference Call and Webcast
ST. PETERSBURG, Florida – July 28, 2026 – BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or “Company”), parent company of BayFirst National Bank (“Bank”) today announced that it has changed the date for reporting its second quarter results to after the market close on August 13, 2026.
In a Form 8-K filed on July 14, 2026, the Company announced the implementation of its asset resolution plan. In the same Form 8-K, the Company also reported that its consolidated financial statements as of and for the years ended December 31, 2024, and December 31, 2025, and the quarter ended March 31, 2026, should be restated, and the previously issued consolidated financial statements, and the related audit reports from its independent registered public accounting firm for such periods, should no longer be relied on. As a result, the Company will file amendments to its 2025 Form 10-K and to its first quarter 2026 Form 10-Q. As previously reported, the Company expects to file these amendments by August 12, 2026.
In connection with the asset resolution plan, the financial statement restatements, and the preparation of the Form 10-Q and Form 10-K amendments, the Company also requires additional time to complete its procedures related to its earnings release and webcast for the quarter ended June 30, 2026. The Company expects to issue its earnings release on Thursday, August 13, 2026 and management will host a conference call on Friday, August 14, 2026, at 9:00 a.m. ET to discuss the results. The call will also be broadcast live via the internet.
Interested investors may listen to the call live under the Investor Relations tab at www.bayfirstfinancial.com. Investment professionals are invited to dial (833) 461-5787 to participate in the call using Conference ID 560643219. A replay of the call will be available for one year at www.bayfirstfinancial.com.
About BayFirst Financial Corp.
BayFirst Financial Corp. is a registered bank holding company based in St. Petersburg, Florida which commenced operations on September 1, 2000. Its primary source of income is derived from its wholly owned subsidiary, BayFirst National Bank, a national banking association which commenced business operations on February 12, 1999. The Bank currently operates eleven full-service banking offices throughout the Tampa Bay-Sarasota region and offers a broad range of commercial and consumer banking services to businesses and individuals. As of March 31, 2026, BayFirst Financial Corp. had $1.20 billion in total assets.
Forward-Looking Statements
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 health crises, global military hostilities, weather events, or climate change, including their effects on the economic environment, our customers and our operations, as 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 strategy and expand its banking operations; changes in interest rates and other general economic, business and political conditions, including changes in the financial markets; changes in business plans as circumstances warrant; risks related to mergers and acquisitions; changes in benchmark interest rates used to price loans and deposits, changes in tax laws, regulations and guidance; enforcement actions initiated by our regulators and their impact on our operations; and other risks detailed from time to time in filings made by the Company with the 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.
Note: Transmitted on Globe Newswire on July 28, 2026 at 4:00 p.m. ET.