BayFirst Financial Corp (BAFN)

BayFirst Financial Corp. reported net losses in Q2 and Q3 2025, with the latter impacted by higher provision expenses and one-time charges. The company exited the SBA 7(a) lending business, selling $103 million in loan balances to Banesco USA, resulting in a net loss of $5.1 million. A $2 million stock repurchase program was terminated, and workforce reductions occurred. The stock price declined by 38.64% from November 11, 2024, to November 10, 2025.

Information on demand seasonality for BayFirst Financial Corp.'s products and services was not found. Demand may experience general economic fluctuations rather than distinct seasonal patterns.

BayFirst Financial Corp. is a bank holding company based in St. Petersburg, Florida, operating since September 1, 2000. Its income is primarily from its subsidiary, BayFirst National Bank, which offers commercial and consumer banking services, including deposits, loans, treasury management, and online banking. BayFirst exited the SBA 7(a) lending business in September 2025.

BayFirst Financial Corp. primarily serves the Tampa Bay-Sarasota region, where BayFirst National Bank operates twelve full-service banking offices.

BayFirst Financial Corp. has focused on being a premier community bank in the Tampa Bay area, emphasizing relationships with locals and supporting small businesses. Despite this, strategic changes like exiting SBA lending and reported net losses could impact public perception. The CEO aims for a positive return on assets in 2026 after restructuring.

BayFirst Financial Corp.'s ownership is a mix of institutional (7.09% to 16.88%), insider (14.62%), and retail investors (73.12%). Major institutional shareholders include Banc Funds Co Llc, First Manhattan Co, and Vanguard Group Inc. Mark S. Berset owns the most shares among individual investors.