BAFN

In July 2025, BayFirst suspended dividends on common and preferred stock. In December 2025, it closed a loan sale of $94.6 million to Banesco USA and exited the SBA 7(a) lending business. The company reported net losses of $2.5 million in Q4 2025 and $5.7 million in Q1 2026, attributed to lower net interest income and increased expenses. In April 2026, BayFirst announced an $80 million capital raise through a PIPE offering and plans a common stock offering. The stock price has declined significantly, and capital ratios weakened, though the capital raise is expected to restore compliance. Loans and deposits decreased in Q1 2026, and the net interest margin narrowed to 3.42%.