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AI brief of an SEC Form 8-K · BayFirst Financial Corp. (BAFN)

BayFirst reports $0.7 million Q3 net loss, narrowing from $32.7 million in Q2

Positive Impact 3 of 5 earnings Written later

BayFirst Financial Corp. (BAFN) reported a third-quarter 2026 net loss of $0.7 million, or $0.04 per share, compared with a $32.7 million loss in the second quarter and a $19.1 million loss a year earlier. The improvement reflects the absence of the $41.5 million asset resolution plan expense recorded in the second quarter, along with a higher net interest margin. Book value per common share fell to $3.64 from $4.82 at June 30, 2026, after the company issued shares in an October rights offering.

Key points

  • Net loss of $0.7 million ($0.04 per share) in Q3 2026, versus $32.7 million ($8.05 per share) in Q2 2026 and $19.1 million in Q3 2025
  • Net interest margin rose to 4.07% from 3.48% in Q2 2026 and 3.64% in Q3 2025
  • Community bank loans, excluding government guaranteed loans, grew $41.9 million in the quarter
  • On October 8, 2026, the company sold 4,107,908 common shares at $3.50 per share in a rights offering, raising $14.4 million gross

The filing

CompanyBayFirst Financial Corp. (BAFN)
Form8-K, current report
Filed with the SECOct 29, 2026, 4:00 PM ET
Accession number0001649739-26-000143

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.