---
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"
generated_at: "2026-08-13T20:02:18.903530+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# BayFirst posts Q2 net loss of $32.7M; asset resolution plan charges $41.5M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001649739-26-000058
- JSON: https://secwatch.observer/filing/0001649739-26-000058.json
- Plain text: https://secwatch.observer/filing/0001649739-26-000058.txt

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