Highest-materiality recent filing
BayFirst posts Q2 net loss of $32.7M; asset resolution plan charges $41.5M
Net loss of $32.7M ($8.05/share) vs restated Q1 loss of $5.9M; driven by $41.5M asset resolution plan expenses.
BayFirst delays Q2 earnings to Aug 13 amid restatement of 2024-2025 financials
Restating financials for years ended Dec 31, 2024 and 2025, and Q1 2026; prior statements no longer reliable.
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 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.
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 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).
On August 26, 2026, Director Anthony Leo notified the Board of Directors of BayFirst Financial Corp. ("Company") and its wholly-owned subsidiary, BayFirst National Bank (the "Bank"), of his decision to resign from the Boards of Directors of the Company and the Bank effective August 26, 2026.
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.
Max materiality 1.00 · Median 0.38 · Most common event earnings