8-K filed April 30, 2026, 7:59 PM ET ticker BAFN CIK 0001649739

other material confidence high sentiment neutral materiality 0.85

BayFirst raises $80M in PIPE, reports Q1 loss of $5.7M, names new bank CEO

BayFirst Financial Corp.

Raised $80M via convertible preferred stock PIPE; initial conversion price of $3.50 per common share.
Q1 2026 net loss of $5.7M ($1.48 per diluted share) vs. Q4 2025 loss of $2.5M ($0.69).
Alfred T. Rogers appointed President and CEO of BayFirst National Bank; Thomas Zernick retired.
Filed S-1 for public offering of up to 4.1M common shares at $3.50 to existing shareholders as of May 12, 2026.
Net interest margin fell 35 bps YoY to 3.42%; loans held for investment down 14.2% YoY.

item 1.01 item 3.02 item 5.03 item 2.02 item 5.02 item 7.01 item 8.01 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001649739-26-000020
form_type: 8-K
ticker: BAFN
cik: 0001649739
company_name: BayFirst Financial Corp.
filed_at: 2026-04-30T23:59:59+00:00
discovered_at: 2026-05-14T18:02:32.659605+00:00
generated_at: 2026-05-15T00:58:22.923494+00:00
sec_items: ["1.01", "3.02", "5.03", "2.02", "5.02", "7.01", "8.01", "9.01"]
event_type: other_material
sentiment: neutral
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: high
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markdown_url: https://secwatch.observer/filing/0001649739-26-000020.md
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edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1649739/000164973926000020/bafn-20260428.htm
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Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Alfred T. Rogers, Jr.

President, Chief Executive Officer, and Principal Executive Officer

BAFN · BayFirst Financial Corp.

Effective: 2026-04-28
Filed: April 30, 2026, 7:59 PM ET

On April 28, 2026, the Bank appointed Alfred T. (“Al”) Rogers, Jr. to serve as its President, Chief Executive Officer, and Principal Executive Officer, and as a member of its board of directors.

Appointed (interim)

Robin L. Oliver

principal executive officer (interim)

BAFN · BayFirst Financial Corp.

Effective: 2026-04-30
Filed: April 30, 2026, 7:59 PM ET

The Company has appointed its President, Robin L. Oliver, to serve as principal executive officer on an interim basis.

Departed

Thomas G. Zernick

Chief Executive Officer and director

BAFN · BayFirst Financial Corp.

Effective: 2026-04-30
Successor: Alfred T. Rogers, Jr.
Filed: April 30, 2026, 7:59 PM ET

On April 30, 2026, Thomas G. Zernick retired as Chief Executive Officer, principal executive officer, and a director of the Company.

Source-grounded claims

1c7198d911d2113a8a000d9eba0fa6edbd752429

BayFirst Financial Corp. reported first quarter of 2026 results: net income $5.7 million, EPS $1.48 per common share and diluted common share.

the Company reported a net loss of $5.7 million, or $1.48 per common share and diluted common share, for the first quarter of 2026

SEC 8-K Item 2.02 confidence 1.0 SEC evidence

530775d717

Alfred T. Rogers, Jr. was appointed as President, Chief Executive Officer, and Principal Executive Officer at BayFirst Financial Corp..

On April 28, 2026, the Bank appointed Alfred T. (“Al”) Rogers, Jr. to serve as its President, Chief Executive Officer, and Principal Executive Officer, and as a member of its board of directors.

SEC 8-K Item 5.02 confidence 0.95 SEC evidence

b04a7a6c5b

Robin L. Oliver was appointed as principal executive officer (interim) at BayFirst Financial Corp..

The Company has appointed its President, Robin L. Oliver, to serve as principal executive officer on an interim basis.

SEC 8-K Item 5.02 confidence 0.95 SEC evidence

b25cee32af

Thomas G. Zernick retired as Chief Executive Officer and director at BayFirst Financial Corp..

On April 30, 2026, Thomas G. Zernick retired as Chief Executive Officer, principal executive officer, and a director of the Company.

SEC 8-K Item 5.02 confidence 0.95 SEC evidence

d201334698ba564ce228616146a1e865f791bf7f

BayFirst Financial Corp.: Created and authorized 4,000 shares of Series D Preferred Stock and 4,000 shares of Series E Preferred Stock via Articles of Amendment (effective 2026-04-28).

On April 28, 2026, the Company filed Articles of Amendment to its Articles of Incorporation with the Florida Division of Corporations creating and authorizing 4,000 shares of Series D Preferred Stock and 4,000 shares of Series E Preferred Stock.

SEC 8-K Item 5.03/5.05/5.06 confidence 0.9 SEC evidence

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On April 28, 2026, the Bank appointed Alfred T. (“Al”) Rogers, Jr. to serve as its President, Chief Executive Officer, and Principal Executive Officer, and as a member of its board of directors.

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same fact type: executive_change same SEC item: 1.01, 3.02, 5.02, 5.03, 9.01 same event type: other_material similar materiality

This filing

On April 28, 2026, the Bank appointed Alfred T. (“Al”) Rogers, Jr. to serve as its President, Chief Executive Officer, and Principal Executive Officer, and as a member of its board of directors.

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Eloxx Pharmaceuticals, Inc. June 1, 2026, 7:00 AM ET other_material Items 3.02, 3.03, 5.03, 5.02, 9.01

same fact type: executive_change same SEC item: 3.02, 5.02, 5.03, 9.01 same event type: other_material similar materiality

This filing

On April 28, 2026, the Bank appointed Alfred T. (“Al”) Rogers, Jr. to serve as its President, Chief Executive Officer, and Principal Executive Officer, and as a member of its board of directors.

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LIXTE BIOTECHNOLOGY HOLDINGS, INC. June 1, 2026, 8:55 AM ET other_material Items 5.02, 7.01, 9.01

same fact type: executive_change same SEC item: 5.02, 7.01, 9.01 same event type: other_material similar materiality

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On April 28, 2026, the Bank appointed Alfred T. (“Al”) Rogers, Jr. to serve as its President, Chief Executive Officer, and Principal Executive Officer, and as a member of its board of directors.

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On April 28, 2026, the Bank appointed Alfred T. (“Al”) Rogers, Jr. to serve as its President, Chief Executive Officer, and Principal Executive Officer, and as a member of its board of directors.

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CPSH

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same fact type: governance_change same SEC item: 1.01, 5.03, 8.01, 9.01 same event type: other_material

This filing

On April 28, 2026, the Company filed Articles of Amendment to its Articles of Incorporation with the Florida Division of Corporations creating and authorizing 4,000 shares of Series D Preferred Stock and 4,000 shares of Series E Preferred Stock.

Comparable filing

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AMERICAS CARMART INC May 29, 2026, 5:30 PM ET other_material Items 1.01, 5.02, 8.01, 9.01

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This filing

On April 28, 2026, the Bank appointed Alfred T. (“Al”) Rogers, Jr. to serve as its President, Chief Executive Officer, and Principal Executive Officer, and as a member of its board of directors.

Comparable filing

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Filing page SEC filing

Source: SEC EDGAR

accession 0001649739-26-000020

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