Bayfirst Financial Corp

BayFirst Financial Corp. reported a second-quarter 2026 net loss of $8.05 per share, wider than a loss of 54 cents per share in the year-ago quarter. Net interest income declined 22.3% year over year to $9.4 million from $12.1 million, while noninterest income swung to negative $6.8 million from positive $10.5 million. Net loss attributable to common shareholders widened to $33.1 million from $2.2 million a year earlier. The principal drag was the company's asset resolution plan, which generated $41.5 million of expenses involving provisions, fair-value loan write-downs, amortization of premiums on purchased government-guaranteed loans and impairment of nonmarketable securities. Management characterized the quarter as heavily affected by legacy-credit cleanup while emphasizing a shift toward relationship-based community banking.