---
schema_version: "secwatch.filing_event.v1"
accession: "0001649739-25-000225"
form_type: "8-K"
ticker: "BAFN"
cik: "0001649739"
company_name: "BayFirst Financial Corp."
filed_at: "2025-07-29T23:59:59+00:00"
generated_at: "2026-05-17T23:43:45.761288+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# BayFirst Financial posts Q2 net loss of $1.2M; suspends dividends; strategic review ongoing

## Summary
- Net loss of $1.2M ($0.39/share) vs. loss of $0.3M in Q1 2025 and income of $0.9M in Q2 2024.
- Board suspends common and preferred stock dividends; also suspends board of director fees to offset impact.
- Provision for credit losses rose to $7.3M (from $4.4M Q1 and $3.0M Q2 2024); net charge-offs $6.8M (2.60% annualized).
- Net interest margin improved 29bps to 4.06% QoQ; community bank loans grew 3% during the quarter.
- Strategic review initiated to derisk unguaranteed SBA 7(a) balances; additional info expected in coming weeks.

## SEC filing metadata
- accession: 0001649739-25-000225
- form_type: 8-K
- ticker: BAFN
- cik: 0001649739
- company_name: BayFirst Financial Corp.
- filed_at: 2025-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1649739/000164973925000225/0001649739-25-000225-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649739/000164973925000225/bafn-20250729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001649739-25-000225
- JSON: https://secwatch.observer/filing/0001649739-25-000225.json
- Plain text: https://secwatch.observer/filing/0001649739-25-000225.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.