secwatch.observer — SEC 8-K summary
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Issuer:     BayFirst Financial Corp. (BAFN)
CIK:        0001649739
Form:       8-K
Filed at:   2026-01-29T23:59:59+00:00
Accession:  0001649739-26-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649739/000164973926000005/0001649739-26-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649739/000164973926000005/bafn-20260129.htm
  HTML page:      https://secwatch.observer/filing/0001649739-26-000005

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