BayFirst Financial Corp. — Third Quarter 2026 Earnings Summary

BayFirst Financial Corp. reported a net loss of $0.7 million, or $0.04 per share, for the third quarter of 2026, a significant improvement from the $32.7 million loss in the second quarter of 2026. The company achieved a net interest margin of 4.07%, an increase of 59 basis points from the prior quarter, while total community bank loans excluding government-guaranteed portfolios grew by 25% annualized. Nonperforming assets declined to 1.29% of total assets, and net charge-offs decreased to $3.2 million, reflecting improved asset quality and the effectiveness of the asset resolution plan. Additionally, the company redeemed outstanding Series A and Series B preferred shares and converted Series D and Series E preferred stock into common stock to strengthen its capital structure.