Bayfirst Financial CORP 10-Q quarterly reports

BayFirst Financial Corp. reported a substantial net loss of $32.7 million for the second quarter of 2026, driven by a significant increase in the provision for credit losses and expenses related to an asset resolution plan.

BayFirst Financial Corp. has filed an amended 10-Q report to restate its financial statements for the quarter ended March 31, 2026, citing material weaknesses in internal controls and accounting errors.

BayFirst Financial Corp. reported a net loss of $5.7 million for the first quarter of 2026, a significant shift from the prior year's net income.

BayFirst Financial Corp. reported a significant net loss for Q3 2025, driven by increased credit loss provisions and restructure charges related to exiting its SBA 7(a) lending business, alongside regulatory capital challenges.

BayFirst Financial Corp. reported a net loss for Q2 2025, driven by increased credit loss provisions and noninterest expenses, and announced the discontinuation of its Bolt loan program alongside workforce reductions and dividend suspension.

BayFirst Financial Corp. reports a net loss of $0.3 million for the first quarter of 2025, primarily due to decreased gains from government guaranteed loan sales and fair value adjustments.

BayFirst Financial Corp. experienced a decrease in net income for the third quarter of 2024, despite loan growth, due to lower gains on government guaranteed loan sales and increased provisions for credit losses.

BayFirst Financial Corp. experienced a decrease in net income for the second quarter of 2024 compared to the same period last year, primarily due to lower net interest income and reduced gains on loan sales.

BayFirst Financial Corp. experienced a slight increase in net income for Q1 2024, driven by higher noninterest income, but faced challenges from increased credit loss provisions and operating expenses.