BayFirst Financial Corp. (BAFN) Earnings Call Transcripts

BayFirst Financial Corp.'s Latest Earnings Call - Q1 FY2026

BayFirst Financial Corp. reported a net loss of $5.7 million for Q1 2026, a deterioration from the $2.5 million loss in the prior quarter. Revenue was impacted by the exit from SBA 7(a) lending, resulting in a significant decrease in noninterest income. The company raised $80 million through a private investment, which is expected to bolster future growth and stability. Management did not provide explicit guidance changes but emphasized a strategic focus on community banking and resolving nonperforming assets.

Reported metrics

Guidance from management

Management did not provide specific forward guidance but emphasized a focus on returning to profitability and expanding community banking efforts in the Tampa Bay area.

What management said

Thank you. Go -- really get an understanding of the portfolio. But as Robin mentioned, we have to work diligently at working our way out of that. So that's really number one. Returning to profitability is number two. And of course, expanding, deepening and growing relationships with local customers is our ultimate goal as we look to stabilize and grow the bank. Hard for me to say at this point, having just arrived ...

Yes, Sam, the -- I'll put it in this context. First from a CECL compliance standpoint, it suggests that it's adequate. Most of my career was spent in historical loss modeling, and we don't get to operate under those rules today. But according to CECL, it is adequate.

What analysts pressed on

Analysts expressed concerns about the non-guaranteed portion of the loan portfolio, particularly the $100 million of BOLT and FlashCap loans reserved at 13%. There were questions about the adequacy of these reserves and the potential need for further provisions.

Main topics on the call

• Capital Raise — BayFirst raised $80 million through a private investment, issuing convertible preferred stock. Management stated, 'This successful capital raise reflects the trust our investors place in our institution and our long-term...
• Net Loss — The company reported a net loss of $5.7 million, compared to a $2.5 million loss in the previous quarter. This was attributed to a decrease in loans and deposits, as well as increased noninterest expenses.
• Exit from SBA 7(a) Lending — BayFirst's exit from SBA 7(a) lending led to a $7.9 million decrease in noninterest income year-over-year. Management noted, 'Revenue from gains on sale of government-guaranteed loans will no longer impact our noninteres...
• Credit Risk Management — Management is focused on managing credit risk, with nonperforming loans at $15.9 million. They are taking 'proactive steps to resolve nonperforming and classified credits as quickly as possible.'

Read the full BayFirst Financial Corp. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 14 BayFirst Financial Corp. earnings call transcripts on record, spanning July 28, 2023 to August 14, 2026. Based on this history, BayFirst Financial Corp. reports quarterly. The most recent call on file is dated August 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BAFN

Exchange

NasdaqCM

Country

US

Sector

Financials

Industry

Banks

Calls on record

14

First call

July 28, 2023

Most recent

August 14, 2026

Reporting cadence

quarterly