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

Thursday, Oct 30, 2025 4:02 pm ET1min read

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.

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

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