---
schema_version: "secwatch.filing_event.v1"
accession: "0001649739-26-000005"
form_type: "8-K"
ticker: "BAFN"
cik: "0001649739"
company_name: "BayFirst Financial Corp."
filed_at: "2026-01-29T23:59:59+00:00"
generated_at: "2026-05-16T06:27:26.097839+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BayFirst Q4 net loss $2.5M; capital ratios improve after $96.6M SBA loan sale

## Summary
- Net loss of $2.5M ($0.69 per share) vs $18.9M loss in Q3 2025 and $9.8M income in Q4 2024.
- Completed sale of $96.6M SBA 7(a) loans to Banesco USA; exited SBA 7(a) lending business.
- Deposits grew $12.5M (1.1%) to $1.18B; net interest margin stable at 3.58%.
- CET1 risk-weighted capital ratio improved to 9.05% from 8.44% in Q3 2025; bank well-capitalized.
- Headcount reduced from 299 (Dec 2024) to 144 (Dec 2025) as part of restructuring.

## SEC filing metadata
- accession: 0001649739-26-000005
- form_type: 8-K
- ticker: BAFN
- cik: 0001649739
- company_name: BayFirst Financial Corp.
- filed_at: 2026-01-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1649739/000164973926000005/0001649739-26-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649739/000164973926000005/bafn-20260129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001649739-26-000005
- JSON: https://secwatch.observer/filing/0001649739-26-000005.json
- Plain text: https://secwatch.observer/filing/0001649739-26-000005.txt

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