BayFirst Financial Corp.

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 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 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