BayFirst Financial Corp (NAS:BAFN)

Q1 2026 Bayfirst Financial Corp Earnings Call Transcript

May 1, 2026 / 01:00 PM GMT

Release Date Price: $4.87 (-23.53%)

Transcript 10-Q8-K

Key Points

Positve

BayFirst Financial Corp (BAFN) successfully raised $80 million in capital through a private investment in a public equity offering, reflecting investor trust.
The company plans to resume dividend payments to preferred shareholders and redeem Series A shares.
The capital raise will support growth and expansion, focusing on relationship growth through lending in the Tampa Bay and Sarasota markets.
The bank's liquidity ratio was 13.85% as of March 31, 2026, with no wholesale borrowings, indicating a strong liquidity position.
BayFirst Financial Corp (BAFN) is focusing on community banking and expanding its presence in the Tampa metropolitan area, leveraging its branch network for growth.

Negative

BayFirst Financial Corp (BAFN) reported a net loss of $5.7 million in the first quarter, an increase from the previous quarter's loss.
Loans held for investment decreased by $33.5 million during the first quarter, reflecting a decline in loan growth.
Deposits decreased by $98 million during the first quarter, primarily due to reductions in high-rate promotional deposits and broker deposits.
Net interest margin decreased to 3.42%, down 16 basis points from the fourth quarter, impacting profitability.
Non-interest expense increased by $3 million compared to the fourth quarter, driven by higher servicing costs and compensation expenses.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BAFN.OQ - Bayfirst Financial Corp
Q1 2026 Bayfirst Financial Corp Earnings Call
May 01, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen, and welcome to Bayfirst Financial Corp. First quarter 2026 conference call and webcast. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during this call you need assistance, please press *0 for the operator. This call is being recorded on Friday, May 1, 2026. I would now let's turn the conference over to the Chairman of the Board, Anthony Sarbanos. Please go ahead.

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Unidentified_2 [2]
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Thank you, Joanna.

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