What does BayFirst Financial do and what are its main business segments?

What were the key takeaways from BayFirst Financial’s earnings call?

What guidance did BayFirst Financial's management provide for the next earnings period?

What were the key takeaways from BayFirst Financial's earnings call?

What is the revenue and EPS growth rate for BayFirst Financial year over year?

What factors drove the changes in BayFirst Financial's revenue and profit?

What is BayFirst Financial's latest dividend and current dividend yield?

What is BayFirst Financial's gross profit margin?

- **Strategic Shift Complete**: Exited SBA 7(a) business, with $167M of remaining loans for sale. 
- **Financial Pain Points**: Q3 net loss of $18.9M driven by restructuring; NIM down 45bps to 3.61%. 
- **Community Bank Focus**: 84% deposits insured; 2026 ROA target of 40-70bps. 
- **Credit Improvement**: Annualized charge-offs at 1.24%, down from 2.6% Q2; ACL at 2.61%. 
- **Treasury Growth**: 4 new treasury staff; new software adoption driving mid-market share. 
- **Insider Lockup**: Board compensation suspended; insiders restricted until post-earnings. 


**【CEO Opening Remarks】**
- Announced exit from SBA 7(a) lending business, with $167 million of unguaranteed loans remaining post-transaction closure. 
- Sold majority of SBA portfolio to Banesco USA at 97% of cost, with servicing transition underway. 
- Restructuring aims to return to profitability in 2026 with 40-70bps ROA, focusing on Tampa Bay community banking.
- Noted 84% of deposits are FDIC-insured, providing stability amid restructuring.

**【CFO Financial Commentary】**
- Q3 2025 net loss of $18.9M vs. $1.2M in Q2, driven by $7.3M restructuring charge and $5.1M portfolio sale impact. 
- Net interest margin (NIM) declined 45bps to 3.61% due to one-time items, but expects stabilization. 
- Noninterest income negative ($1M) due to SBA sale exit, vs. $10.8M in Q2. 
- Provision for credit losses rose to $10.9M, with annualized net charge-offs at 1.24% (down from 2.6% Q2). 
- Allowance for credit losses (ACL) increased to 2.61% of loans, reflecting retained SBA risk. 

**【COO Operational Updates】**
- Conducted third-party review of $70M in loans, targeting 8-10% of portfolio for credit quality. 
- Expanded treasury management with Jack Henry software and lockbox services, adding 4 treasury staff. 
- Leadership changes: Adam Curtis becomes Tampa market leader & Chief Lending Officer; Brandi Jaber leads Banesco transition. 
- Nonperforming assets (NPA) at 1.97% of total assets, up from 1.79% Q2 but below peers. 

**【Q&A Highlights】**
- **SBA Portfolio Sale**: Remaining $167M of unguaranteed loans will be marketed for sale; no additional ACL expected. 
- **Treasury Growth**: New clients and software adoption driving 2026 expansion plans. 
- **Insider Trading**: Board compensation suspended; insider lockup将持续至 earnings release + 2 days. 
- **Credit Quality**: Aggressive workout of problem loans expected to reduce NPA in 2026. 


BayFirst Financial Corp. (BAFN) Q3 2025 Earnings Call Transcript

Residential Mortgage

Banking

BAFN

BAFN fundamentals

You can ask Aime