BayFirst Financial Corp

BAFN

Market cap $39.3M

BAFN's downgrade rating reflects rising credit costs, sustained net losses and capital pressures despite solid deposit growth, SBA lending leadership, and continued technology investments.

ST. PETERSBURG, Fla., Aug. 04, 2025 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or “Company”), parent company of BayFirst National Bank (“Bank”) today announced that as part of a comprehensive strategic review aimed at positioning the Company for long-term growth and enhanced shareholder value, the Bank has discontinued its Bolt loan program, effective immediately. The Bolt loan program was an SBA 7(a) loan designed to provide small balance loans to small businesses, typically used for working capital. The Company continues to explore a range of opportunities intended to increase emphasis on the Bank's community banking activities in its Florida markets. The Company is also reviewing how it may strengthen its core SBA 7(a) offerings, improve its operations, and adapt to evolving local and financial market conditions.

BayFirst Financial incurs a Q2 loss as elevated expenses pressured margins, despite growth in loan interest income.

BayFirst Q2 Net Loss Widens 425%

ST. PETERSBURG, Fla., July 29, 2025 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today reported a net loss of $1.2 million, or $(0.39) per common share and diluted common share, for the second quarter of 2025, compared to a net loss of $0.3 million, or $(0.17) per common share and diluted common share, in the first quarter of 2025.

BAFN incurs a first-quarter 2025 loss due to lower loan sale gains and elevated credit costs, while focusing on growing core deposits and conventional lending.

ST. PETERSBURG, Fla., April 24, 2025 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today reported a net loss of $0.3 million, or $0.17 per common share and diluted common share, for the first quarter of 2025, a decrease of 103.4% compared to $9.8 million, or $2.27 per common share or $2.11 per diluted common share, in the fourth quarter of 2024.

Find out why Zacks has given BayFirst an "Outperform" rating, being the first on Wall Street to initiate coverage on the stock. Explore how tech innovation, regional growth and strong earnings tailwinds position it as a standout in community banking.

ST. PETERSBURG, Fla., March 31, 2025 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today announced that it will report its first quarter results after the market close on Thursday, April 24, 2025. Management will host a conference call on Friday, April 25, 2025, at 9:00 a.m. ET to discuss the results. The call will also be broadcast live via the internet.

Earnings per common share increased to $2.11 for the quarter and $2.64 for the year; Net interest margin expanded by 26bps; Announced share buyback program Earnings per common share increased to $2.11 for the quarter and $2.64 for the year; Net interest margin expanded by 26bps; Announced share buyback program