BayFirst Financial releases transcript of Q2 2026 earnings call
BAFN•Restatements and filings
Prior periods were restated for misstatements involving deferred origination costs and accrued interest; amended 10-K and 10-Q filed.
Q2 2026 earnings call details
BayFirst Financial Q2 2026 call drew CEO Alfred Rogers, COO Robin Oliver, CFO Scott McKim, analysts Ian Green, Julienne Cassarino, Ross Haberman.
Capital and balance sheet updates
Rights offering to launch in August; mailings to shareholders of record May 12 expected next week; terms cited: $3.5, 4,100,000 shares.
Deposits fell 9% to $989 million; loans held for investment fell 4% to $882.8 million; Tier 1 leverage ratio was 8.3%.
Loss driven by asset resolution plan charges
Net loss was $32.7 million, driven by $41.5 million in asset resolution plan charges tied mainly to unguaranteed SBA 7(a) loans.
