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BayFirst reports Q2 2026 loss of $32.7M after adjustment for SBA loans
BayFirst posted a net loss of $32.7 million in the second quarter of 2026, mainly due to one‑time charges of $41.5 million related to a plan to wind down legacy SBA loans. Management stresses the operating core loss excluding special items was only about $200,000 and the normalized net interest margin rose to 4.07% while funding costs fell to 2.66%. Deposits declined 9% and tangible book value per share dropped sharply; the company plans a branch opening in South Tampa and a rights offering at $3.50 per share to bolster capital. BayFirst intends to move away from the SBA‑7 model and expand traditional commercial and retail banking business in the Tampa Bay region. » More on de.investing.com
BayFirst Financial stock plunges after $5.7 million quarterly loss and strategic realignment
BayFirst Financial reported a net loss of $5.7 million in Q1 2026. The institution is withdrawing from lending under the SBA-7(a) program and will instead focus on traditional products in its regional banking business. Investors reacted with concern to the growing losses and the strategy shift; the stock is down 57% year-to-date. Despite the weakness, the company has maintained its dividend for ten years and currently offers a yield of 4.7%. » More on de.investing.com
BayFirst reports Q1 loss and trims portfolio after exiting SBA-7(a) business
BayFirst posted a net loss of $5.68 million in Q1 2026 (diluted loss per share $1.48) and a declining net interest margin of 3.42%. Total assets shrank to $1.196 billion; finance loans were reduced by $33.5 million, among other measures, including the sale of loan portfolios; remaining SBA-7(a) loans amounted to $213.6 million. Deposits fell by $98 million, CET1 stood at 8.58%; the company completed an $80 million capital raise ($42 million to strengthen the capital base). Management is shifting to traditional community banking but sees substantial execution risks given continued losses, shrinking lending and depressed profitability. » More on de.investing.com
Historical dividends Dividends
All dividend metrics All metricsFinancials
| (EUR) | June 2026 | YoY |
|---|---|---|
| Revenue | 8.37m | 67.90% |
| Gross profit | -23.1m | 304.40% |
| Net profit | -28.62m | 2,627.32% |
| EBITDA | -36.92m | 5,189.97% |
Fundamentals
| Metric | Value |
|---|---|
Market capitalization | €25.22m |
Number of shares | 4.11m |
52-week high/low | €8.66 - €3.80 |
| Dividends | No |
Beta | 0.38 |
P/E ratio | -0.46 |
PEG ratio | 0.00 |
P/B ratio | 0.24 |
P/S ratio | 0.43 |
Company profile
BayFirst Financial Corp. operates as the bank holding company for First Home Bank that provides commercial and consumer banking services for businesses and individuals. The company offers checking and savings accounts, and certificates of deposit. It also provides home loans, including residential mortgages, home equity loans, and home equity lines of credit; and business lending services comprising minority lending programs, PPP loan forgiveness services, SBA loans, and commercial lending services. In addition, the company offers treasury management, merchant, online, and investment services; and credit cards. As of January 26, 2022, it operated seven full-service office locations in St. Petersburg, Seminole, Pinellas Park, Clearwater, Sarasota, Tampa, and Belleair Bluffs, Florida; and 23 mortgage loan production offices. The company was formerly known as First Home Bancorp, Inc. and changed its name to BayFirst Financial Corp. in May 2021. BayFirst Financial Corp. was founded in 1999 and is headquartered in Saint Petersburg, Florida.
| Name | BayFirst Financial Corp. |
| CEO | Alfred T. Rogers |
| Headquarters | Saint Petersburg,
fl USA |
| Website | |
| Sector | Financials |
| Industry | Banks |
| IPO | 08/01/2021 |
| Employees | 148 |
Deep Dive
Ticker symbols
| Exchange | Symbol |
|---|---|
NASDAQ | BAFN |