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BayFirst Financial
BayFirst Financial (BAFN) investor relations material
BayFirst Financial Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary30 Jan, 2026
Executive summary
Completed exit from SBA 7(a) lending, selling $96.6–$97 million in loan balances, reducing headcount from 299 to 144, and refocusing on community banking in Tampa Bay and Sarasota.
Ranked third in deposits among banks with assets under $10B in the Tampa Bay-Sarasota region, with $1.3 billion in assets and $1.18 billion in deposits at year-end 2025.
Treasury management revenue grew 69% year-over-year in Q4 2025, with checking accounts up 6% year-to-date.
Achieved organic deposit growth of $12.5 million in Q4, with 85% of deposits insured.
Loan portfolio is well-diversified, with a significant reduction in total loans due to SBA 7(a) exit.
Financial highlights
Reported a Q4 2025 net loss of $2.5 million, a significant improvement from Q3's $18.9–$19.3 million loss, and down from Q4 2024 net income.
Net interest margin was 3.58% in Q4 2025, down 3 bps sequentially, with net interest income at $11.2 million.
Noninterest income was negative $104,000 to $0.1 million, a sequential improvement but down from $22.3 million in Q4 2024 due to lower loan sale gains.
Noninterest expense was $11.9 million, down from $25.2 million in Q3 2025, mainly due to lower compensation and restructuring charges.
Tangible book value per share declined to $17.22 at year-end 2025 from $22.95 at year-end 2024.
Outlook and guidance
Ongoing wind-down of the SBA 7(a) portfolio and potential further sales of unguaranteed balances expected to improve asset quality and reduce risk.
Focus on expanding treasury management, reducing high-cost deposits, and aligning cost of funds with peers to enhance profitability.
Strategic plan for 2026 centers on fortifying the balance sheet, disciplined risk management, and organic growth.
Cautionary statements highlight ongoing risks from economic, regulatory, and market conditions.
Noninterest income strategy post-SBA exit?
Asset quality trends vs. capital improvement?
Drivers of core community bank growth?
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Next BayFirst Financial earnings date
Q1 202624 Apr, 2026
BayFirst Financial
Next BayFirst Financial earnings date
Q1 202624 Apr, 2026
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Frequently asked questions
BayFirst Financial Corp. is a bank holding company headquartered in St. Petersburg, Florida. It operates through its wholly owned subsidiary, BayFirst National Bank, which serves the Tampa Bay area and businesses nationwide. The bank provides a range of commercial and consumer banking services, including checking and savings accounts, commercial real estate mortgages, construction and development loans, personal loans, and residential mortgages. Additionally, it operates a specialized lending platform, CreditBench, which focuses on originating government-guaranteed loans, such as SBA 7(a) and USDA loans, across the country. The company is headquartered in St. Petersburg, Florida, and its shares are listed on the NASDAQ.
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