• Bayfirst Financial posted a net loss of $5.7 million, swinging from net income of $335,000 a year earlier; diluted loss per share widened to $1.48 from $0.17.
• Net interest income fell to $9.45 million from $11 million, while net interest margin narrowed 0.35 percentage points to 3.42%.
• Noninterest income dropped to $884,000 from $8.75 million, reflecting a $97,000 loss on sale of SBA and PPP loans versus a $7.33 million gain.
• Noninterest expense declined to $14.89 million from $15.81 million, driven by lower salaries and benefits, partially offset by higher loan servicing and origination expense.
• After exiting SBA 7(a) lending in late 2025, BayFirst raised $80 million in a PIPE on April 28 and named Alfred Rogers CEO and president of bank, with Tom Zernick retiring May 1.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bayfirst Financial Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001649739-26-000028), on May 12, 2026, and is solely responsible for the information contained therein.