{"schema_version":"secwatch.filing_event.v1","accession":"0001649739-26-000058","form_type":"8-K","ticker":"BAFN","cik":"0001649739","company_name":"BayFirst Financial Corp.","filed_at":"2026-08-13T20:00:39+00:00","discovered_at":"2026-08-13T20:02:00.456439+00:00","generated_at":"2026-08-13T20:02:18.903530+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"BayFirst posts Q2 net loss of $32.7M; asset resolution plan charges $41.5M","bullets":["Net loss of $32.7M ($8.05/share) vs restated Q1 loss of $5.9M; driven by $41.5M asset resolution plan expenses.","Restating 2024, 2025, Q1 2026: understated provision expense ($2.8M pretax) and overstated gain on sale ($3.4M pretax) on SBA 7(a) loans.","Book value per share fell to $4.83 from $14.22 at March 31, 2026; tangible book value $4.82.","Loans held for investment down 21.2% YoY to $882.8M; deposits down 15% to $988.9M.","Bank well-capitalized (Tier 1 leverage 8.30%); redeemed Series A and B preferred for $6.46M and $3.24M in August 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001649739-26-000058","json":"https://secwatch.observer/filing/0001649739-26-000058.json","markdown":"https://secwatch.observer/filing/0001649739-26-000058.md","text":"https://secwatch.observer/filing/0001649739-26-000058.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1649739/000164973926000058/0001649739-26-000058-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1649739/000164973926000058/bafn-20260813.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-13T20:02:18.903530+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}