Quarterly ResultMay 12, 2026, 02:27 PM
BayFirst Financial Q1 Net Loss $(5.68)M; EPS $(1.48)
AI Summary
BayFirst Financial Corp. reported a net loss of $5.68 million for the first quarter of 2026, significantly wider than the $0.34 million loss in the same period last year. Basic loss per common share increased to $1.48 from $0.17 year-over-year. The company experienced a substantial decrease in noninterest income, primarily due to a loss on the sale of government-guaranteed loans compared to a significant gain in the prior year. Total assets and deposits also declined from December 31, 2025.
Key Highlights
- Net loss widened to $(5.68) million in Q1 2026 from $(0.34) million in Q1 2025.
- Basic loss per common share was $(1.48) in Q1 2026, up from $(0.17) in Q1 2025.
- Net interest income decreased to $9.45 million in Q1 2026 from $11.00 million in Q1 2025.
- Noninterest income fell to $0.88 million in Q1 2026 from $8.75 million in Q1 2025.
- Loss on sale of government guaranteed loans was $(0.10) million in Q1 2026 vs gain of $7.33 million in Q1 2025.
- Total assets decreased to $1.196 billion at March 31, 2026, from $1.300 billion at Dec 31, 2025.
- Total deposits decreased to $1.086 billion at March 31, 2026, from $1.184 billion at Dec 31, 2025.
Price Impact
More from BAFN