Highest-materiality recent filing
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 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 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 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 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 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.
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 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 closes $15M sale-leaseback of two branch properties
Sold Seminole and Countryside branch office properties for aggregate cash of $15.0M.
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 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.
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.
Max materiality 0.85 · Median 0.25 · Most common event earnings