BayFirst (BAFN) Q3 2026 Earnings Call Transcript

BayFirst Financial Corp. reported a significantly narrower net loss of $677,000 in Q3 2026 compared to $32.7 million in Q2, as the bank transitions from a national SBA lender to a community-focused institution. The company improved its net interest margin to 4.07%, grew community bank loans 25% annualized, and raised $14.4 million through a rights offering. However, management acknowledged more work is needed to achieve sustained profitability, with the problematic unguaranteed SBA 7(a) portfolio continuing to run off at approximately $10 million per quarter.