BayFirst Financial Corp (BAFN)
NASDAQ:BAFN
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Earnings Data
Report Date
Jul 23, 2026Before Open (Not Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.39Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mix of meaningful positives and notable near-term challenges. The successful $80 million capital raise, pro forma improvement in capital ratios to healthy levels, appointment of an experienced community-bank CEO, and an adequate liquidity position are significant positives that materially strengthen the bank's ability to address legacy issues. Offsetting these are continued operating losses (net loss widened to $5.7M), contraction of loans and deposits, margin pressure (NIM down 16 bps), elevated charge-offs concentrated in the unguaranteed SBA 7(a) portfolio (~$159M) and higher noninterest expenses related to legacy serving. Overall, the capital and leadership actions position the bank to stabilize, but the underlying credit metrics and profitability trends remain challenged in the near term.Company Guidance
Successful $80M Capital Raise (PIPE) and Rights Offering
Raised $80 million via a private investment in public equity (convertible preferred stock) that would convert to ~22.9 million common shares at an effective $3.50 per share (subject to approvals); concurrent rights offering for existing shareholders and special shareholder meeting scheduled for July 14.
Material Pro Forma Capital Improvement
On a pro forma basis (including a $42 million capital contribution from the holding company to the bank), Tier 1 leverage ratio improves from 6.54% to 10.02% (as of 03/31/2026) and total capital to risk-weighted assets improves to 14.4% (as of 04/30/2026).
Executive & Board Changes to Support Turnaround
Appointed Al Rogers as CEO and President of the bank (bank-level regulatory approval received) and added Kenneth R. Lehman to the boards; leadership change focused on returning to community-banking growth and profitability in the Tampa Bay market.
Liquidity Position and No Wholesale Borrowings
Bank liquidity ratio ~13.6%–13.85% (reported 13.85% as of 03/31/2026; management cited ~13.6% on call), representing roughly $130 million of liquidity on a ~$1 billion balance sheet; bank had no wholesale borrowings.
Lower Cost of Funds
Cost of funds declined by 27 basis points from the prior quarter as the bank exited promotional-rate and brokered deposit balances, helping reduce funding pressure.
Reduction in Unguaranteed SBA Balances and Continuing Runoff
Unguaranteed SBA 7(a) balances declined to $159.3 million as of 03/31/2026, a decrease of $12.3 million from 12/31/2025; the unguaranteed portfolio continued to run off at about $12 million in the quarter.
Some Noninterest Income Improvement (YoY)
Noninterest income was $884,000 in Q1 2026, noted as a $1.0 million improvement over 2025 (but down vs. prior periods when SBA gains were present).
BAFN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BAFN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $8.33 | $6.37 | -23.53% |
Jan 29, 2026 | $6.52 | $6.81 | +4.45% |
Oct 30, 2025 | $9.10 | $8.90 | -2.20% |
Jul 29, 2025 | $15.15 | $13.69 | -9.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does BayFirst Financial Corp (BAFN) report earnings?
BayFirst Financial Corp (BAFN) is schdueled to report earning on Jul 23, 2026, Before Open (Not Confirmed).
What is BayFirst Financial Corp (BAFN) earnings time?
BayFirst Financial Corp (BAFN) earnings time is at Jul 23, 2026, Before Open (Not Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is BAFN EPS forecast?
Currently, no data Available