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BayFirst FY26 Q1 net loss widens to $5.7 million

PUBT·04/30/2026 20:02:26
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BayFirst FY26 Q1 net loss widens to $5.7 million
  • BayFirst Financial posted a Q1 2026 net loss of $5.7 million, widening from a $2.5 million loss in Q4 2025.
  • Net interest income fell to $9.4 million while net interest margin narrowed 16 basis points to 3.42%.
  • Noninterest income totaled $884,000, swinging from a $104,000 loss in Q4, while noninterest expense climbed to $14.9 million.
  • Loans held for investment declined 3.5% to $930.4 million, while deposits dropped 8.3% to $1.09 billion.
  • BayFirst raised $80 million in a PIPE and named Alfred Rogers as bank CEO, planning an Asset Resolution Plan and filing an S-1 for an offering of up to 4,108,072 common shares at $3.50.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bayfirst Financial Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604301600PRIMZONEFULLFEED9710940) on April 30, 2026, and is solely responsible for the information contained therein.