BayFirst Financial Reports Q2 2026 Results: Full Earnings Call Transcript

BayFirst Stock Falls 8% Despite Q3 Loss Narrowing Y/Y

BayFirst Financial Corp. (BAFN) reported a narrower Q3 2026 net loss of $0.7 million ($0.04 per share) compared to a $19.1 million loss a year earlier, driven by lower credit provisions and reduced operating expenses. However, net interest income declined 6.1% year-over-year to $10.6 million, while total loans fell 9.1% and deposits declined 13.4%. The company's net interest margin expanded to 4.07%, and asset quality improved with nonperforming assets at 1.29%. Stock has underperformed the S&P 500, declining 8.3% since earnings and 24.1% over the past month.

8-K filing — BayFirst Financial Corp. (BAFN)

Filed: 2026-11-03 AccNo: 0001649739-26-000145 Size: 198 KB Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits

BayFirst (BAFN) Q3 2026 Earnings Call Transcript

BayFirst Financial Corp. reported a significantly narrower net loss of $677,000 in Q3 2026 compared to $32.7 million in Q2, as the bank transitions from a national SBA lender to a community-focused institution. The company improved its net interest margin to 4.07%, grew community bank loans 25% annualized, and raised $14.4 million through a rights offering. However, management acknowledged more work is needed to achieve sustained profitability, with the problematic unguaranteed SBA 7(a) portfolio continuing to run off at approximately $10 million per quarter.

BayFirst Financial Q3 2026 Earnings Call Transcript

BayFirst Financial (NASDAQ:BAFN) reported third-quarter financial results on Friday. The transcript from the company’s third-quarter earnings call has been provided below.This transcript is brought to you by Benzinga

BayFirst Financial Corp. Reports Third Quarter 2026 Financial Results

BayFirst Financial Corp. reported a net loss of $0.7 million for the third quarter of 2026, showing a significant improvement from the $32.7 million net loss recorded in the second quarter of 2026.

Shares of banks and financial services companies are trading higher as Treasury yields retreat and investors rotate out of AI-exposed stocks into sectors with more established cash flows and dividend prospects.