Highest-materiality recent filing
BayFirst Financial Corp. shareholder approves exchange; Kenneth R. Lehman acquires 42.38% stake
Shareholders approved issuance of common stock upon conversion of Series D and Series E preferred (2,401,615 for, 910,047 against).
BayFirst restates 2024-2026 results; $37M loan adjustments, non-reliance on prior financials
Asset resolution plan triggers $37.0M in loan adjustments on SBA 7(a) and government-guaranteed portfolios.
BayFirst Financial schedules Q2 2026 earnings release and conference call
Q2 2026 results to be released after market close on Thursday, July 30, 2026.
BayFirst Financial appoints Alfred Rogers as CEO, President, and board member effective May 14, 2026
Federal Reserve Bank of Atlanta provided non-objection for Alfred T. Rogers Jr. to serve as CEO and President.
BayFirst raises $80M via convertible PIPE; appoints new CEO Al Rogers
$80M PIPE of convertible preferred stock; converts to ~22.9M common shares at $3.50 per share.
BayFirst raises $80M in PIPE, reports Q1 loss of $5.7M, names new bank CEO
Raised $80M via convertible preferred stock PIPE; initial conversion price of $3.50 per common share.
BayFirst Financial schedules Q1 2026 earnings release and conference call
Results will be reported after market close on April 30, 2026.
BayFirst eliminates CAO position; Rhonda S. Tudor departs effective Feb 13, 2026
Company eliminated Chief Accounting Officer role; Rhonda S. Tudor no longer employed as of Feb 13, 2026.
Conference call held Jan 29, 2026 to review Q4 2025 financial results.
BayFirst Q4 net loss $2.5M; capital ratios improve after $96.6M SBA loan sale
Net loss of $2.5M ($0.69 per share) vs $18.9M loss in Q3 2025 and $9.8M income in Q4 2024.
BayFirst defers interest on $6M subnotes via PIK; defers $1.6M loan payment
Amended $6M 4.5% subnotes due 2031: interest payments converted to PIK through June 30, 2026, increasing principal.
BayFirst schedules Q4 2025 earnings release for Jan 29, 2026; call Jan 30
Earnings release due after market close on Thursday, January 29, 2026.
BayFirst closes $94.6M SBA loan sale to Banesco USA; capital ratios improve
Sold $94.6M of SBA 7(a) loans to Banesco USA; additional $4.5M sale expected before year-end.
BayFirst Financial Q3 2025 earnings call transcript lacks financial results in provided excerpt
Conference call held October 31, 2025, with CEO Tom Zernick, President Robin Oliver, and CFO Scott McKim.
BayFirst reports $18.9M Q3 loss, exits SBA 7(a) lending; customer data exposed in cyber incident
Net loss of $18.9M ($4.66 EPS) vs net loss of $1.2M in Q2 2025; includes $12.4M in one-time charges.
BayFirst announces Q3 2025 earnings call date for Oct 31, 2025
Third quarter results to be released after market close on Thursday, October 30, 2025.
BayFirst to sell $103M in SBA 7(a) loans to Banesco USA; exits SBA lending business
Sells ~$103M SBA 7(a) loan balances at 97% of unpaid principal, plus book value of servicing rights.
BayFirst discontinues Bolt SBA 7(a) loan program, cuts 51 jobs, suspends dividend
Bolt loan program (SBA 7(a) working capital) discontinued effective immediately as part of strategic review.
BayFirst Financial hosts Q2 2025 earnings conference call
BayFirst Financial (BAFN) held a conference call on July 30, 2025 to discuss Q2 2025 financial results.
BayFirst Financial posts Q2 net loss of $1.2M; suspends dividends; strategic review ongoing
Net loss of $1.2M ($0.39/share) vs. loss of $0.3M in Q1 2025 and income of $0.9M in Q2 2024.
BayFirst Financial schedules Q2 2025 earnings release for July 29 and conference call July 30
Second-quarter results will be issued after market close on Tuesday, July 29, 2025.
BayFirst Financial elects 12 directors at May 15 annual meeting
All 12 nominees received between 2.32M and 2.38M votes for each; 62.2% of 4,129,027 shares voted.
BayFirst holds 2025 annual meeting; slides furnished but no material new disclosures
Annual Meeting of Shareholders held on May 15, 2025; presentation slides attached as Exhibit 99.1.
BayFirst Financial holds Q1 2025 earnings call; results not disclosed in filing excerpt
Company hosted conference call on April 25, 2025 to discuss Q1 2025 financial results.
Net loss of $0.3M ($0.17 per share) vs net income of $9.8M in Q4 2024, driven by elevated provision and charge-offs.
BayFirst schedules Q1 2025 earnings release for April 24; call April 25
Results to be reported after market close on Thursday, April 24, 2025.
Company held conference call on January 31, 2025 to discuss Q4 2024 financial results.
BayFirst Q4 net income jumps to $9.8M ($2.11 EPS) on sale-leaseback gain; NIM expands 26bps
Net income of $9.8M vs Q3 $1.1M; diluted EPS $2.11 vs $0.18; full-year net income $12.6M ($2.62 diluted EPS) vs $5.7M ($1.12) in 2023.
BayFirst Financial schedules Q4 2024 earnings release for Jan 30, 2025
Reports Q4 results after market close on Thursday, January 30, 2025.
BayFirst Financial closes $15M sale-leaseback of two branch properties
Sold Seminole and Countryside branch office properties for aggregate cash of $15.0M.
BayFirst hosts Q3 2024 earnings call; transcript filed but no financial details in excerpt
Filed conference call transcript as Exhibit 99.1; only introductory remarks included in filing.
BayFirst Q3 net income rises 31% sequentially to $1.1M; declares $0.08 dividend
Net income of $1.1M ($0.18 diluted EPS) up 31.3% from Q2 2024; down from $1.9M in Q3 2023.
BayFirst schedules Q3 2024 earnings release and conference call for Oct 24-25
Q3 2024 results to be reported after market close on Thursday, October 24, 2024.
Tarek Helal resigned from boards of BayFirst Financial Corp. and BayFirst National Bank on Sept 30, 2024.
BayFirst Q2 2024 call transcript furnished; no financial figures in filed excerpt
Company hosted Q2 earnings call on July 26, 2024; transcript provided as Exhibit 99.1.
BayFirst Q2 net income rises to $0.9M; expenses down, credit costs improve
Net income $0.9M ($0.12 diluted EPS) vs Q1 $0.8M ($0.11); down from Q2 2023 $1.4M.
BayFirst Financial sets Q2 2024 earnings release for July 25, call July 26
Q2 2024 results to be released after market close on Thursday, July 25, 2024.
BayFirst Financial shareholders elect 12 directors at May 16 annual meeting
All 12 director nominees elected with votes ranging from 2,132,972 to 2,166,114; broker non-votes of 1,750,754.
BayFirst holds annual meeting; all director nominees elected with 89% votes
Meeting held May 16, 2024; quorum of 57% shares represented.
BayFirst Financial hosts Q1 2024 earnings call; transcript filed but no results in excerpt
Filed conference call transcript as Exhibit 99.1 for Q1 2024 discussion.
BayFirst Q1 net income falls to $0.8M ($0.11 EPS); provision jumps to $4.1M on higher charge-offs
Net income of $0.8M ($0.11 diluted EPS) vs $1.7M ($0.32 EPS) in Q4 2023; YoY net income up from $0.7M.
BayFirst Financial to report Q1 2024 earnings after close Apr 25, conference call Apr 26
Q1 2024 results to be released after market close on Thursday, April 25, 2024.
BayFirst Financial hosts Q4 2023 earnings call; no financial figures in provided excerpt
CEO Thomas G. Zernick, President Robin L. Oliver, and CFO Scott J. McKim participated in the January 26, 2024 call.
BayFirst Q4 net income $1.7M, EPS $0.32; NIM expands 12bps to 3.48%
Net income $1.7M ($0.32 diluted EPS) vs $1.9M ($0.41) in Q3; net interest margin 3.48% (+12 bps).
BayFirst Financial names Thomas Zernick CEO, Robin Oliver President effective Jan 1, 2024
Anthony N. Leo retired as CEO Dec 31, 2023; remains director and part-time consultant.
BayFirst Financial Corp. issues additional Series C Preferred stock, raising total $6.446 million
Issued 125 shares of Series C Convertible Preferred at $1,000/share on Dec 29, 2023, for $125k gross proceeds.
BayFirst Financial schedules Q4 2023 earnings release and conference call for Jan 2024
Q4 2023 results to be reported after market close on Thursday, January 25, 2024.
BayFirst Financial issues $731k Series C Convertible Preferred Stock to 8 investors
Issued 731 shares of Series C Cumulative Convertible Preferred at $1,000/share for $731k gross proceeds.
BayFirst Financial Corp. raises $1.76M via private placement of Series C Convertible Preferred Stock
Issued 1,760 shares of Series C Cumulative Convertible Preferred Stock at $1,000/share to 9 investors for $1.76M in gross proceeds.
BayFirst Q3 net income $1.9M, up 171% from Q1; CEO Leo to retire Dec 31
Net income $1.9M ($0.81 diluted EPS adjusted), ROA 0.71%, ROE 8.46%; sequential improvement of 39% from Q2.
On May 14, 2026, the BayFirst Financial Corp. (the “Company”) received the non-objection of the Federal Reserve Bank of Atlanta, to appoint Alfred (“Al”) T. Rogers, Jr. to serve as the Company’s President and Chief Executive Officer, principal executive officer, and as a member of its Board of Directors.
On May 14, 2026, the BayFirst Financial Corp. (the “Company”) received the non-objection of the Federal Reserve Bank of Atlanta, to appoint Alfred (“Al”) T. Rogers, Jr. to serve as the Company’s President and Chief Executive Officer, principal executive officer, and as a member of its Board of Directors.
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.
The Company has appointed its President, Robin L. Oliver, to serve as principal executive officer on an interim basis.
On April 30, 2026, Thomas G. Zernick retired as Chief Executive Officer, principal executive officer, and a director of the Company.
On September 30, 2024, Tarek Helal resigned from the Boards of Directors of BayFirst Financial Corp. and BayFirst National Bank.
As previously disclosed, on December 31, 2023, BayFirst Financial Corp.’s (the “Company”) Chief Executive Officer Anthony N. Leo retired.
on January 1, 2024, Thomas G. Zernick will begin service as the Company’s Chief Executive Officer and he will continue to serve as a member of the Company’s Board of Directors.
on January 1, 2024, Company Chief Operating Officer Robin L. Oliver was will begin service as President of the Company, in addition to her continued service as Chief Operating Officer.
Also effective on July 24, 2023, Rhonda S. Tudor, age 58, will become the Company’s Principal Accounting Officer.
BayFirst Financial Corp. (NASDAQ: BAFN), announced today the appointment of Scott J. McKim, age 52, as Executive Vice President and Chief Financial Officer of BayFirst Financial Corp. (the “Company”) and BayFirst National Bank (the “Bank”) effective July 24, 2023.
The Board of Directors has appointed Thomas G. Zernick to succeed Leo as Chief Executive Officer on January 1, 2024.
Max materiality 0.85 · Median 0.38 · Most common event other_material