BayFirst Financial Corp. Reports Q3 2025 Loss, Announces Exit from SBA 7(a) Lending Business

BayFirst Financial Corp. reported a net loss of $18.9 million, or $4.66 per common share, in Q3 2025, driven by higher provision expense and $12.4 million in one-time charges. The company is exiting the SBA 7(a) lending business and has signed a definitive agreement to sell a portion of its SBA 7(a) loan portfolio to Banesco USA. The transaction is expected to close in Q4, contingent on federal government approvals.