ST. PETERSBURG, Fla., Oct. 30, 2025 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ:BAFN) ("BayFirst" or "Company"), parent company of BayFirst National Bank ("Bank") today reported a net loss of $18.9 million, or $4.66 per common share and diluted common share, for the third quarter of 2025, compared to a net loss of $1.2 million, or $0.39 per common share and diluted common share, in the second quarter of 2025. The current quarter's net loss was driven by higher provision expense and $12.4 million in one-time charges, including a restructuring charge of $7.3 million, as a result of the exit from the SBA 7(a) lending business and the definitive agreement to sell SBA 7(a) loans to Ban

10/30/25 4:00:00 PM ET

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BayFirst Announces Third Quarter 2025 Conference Call and Webcast

ST. PETERSBURG, Fla., Sept. 30, 2025 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ:BAFN) ("BayFirst" or "Company"), parent company of BayFirst National Bank ("Bank") today announced that it will report its third quarter results after the market close on Thursday, October 30, 2025. Management will host a conference call on Friday, October 31, 2025, at 9:00 a.m. ET to discuss the results. The call will also be broadcast live via the internet. Interested investors may listen to the call live under the Investor Relations tab at www.bayfirstfinancial.com. Investment professionals are invited to dial (800) 549-8228 to participate in the call using Conference ID 85147. A replay of the c

9/30/25 9:00:00 AM ET

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BayFirst Financial Corp. Announces Exit from SBA 7(a) Business and $103 Million Loan Sale

ST. PETERSBURG, Fla., Sept. 29, 2025 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) ("BayFirst" or the "Company"), parent company of BayFirst National Bank (the "Bank") today announced plans to exit the SBA 7a lending business and sell $103 million of SBA 7(a) loan balances to Banesco USA. "As we announced earlier in the year, Management and the Board initiated a comprehensive strategic review aimed at derisking SBA 7(a) balances on the balance sheet and positioning the Company for long-term growth and enhanced shareholder value," stated Thomas G. Zernick, Chief Executive Officer. "Today marks a significant milestone in our efforts. BayFirst has signed a definitive agreement

9/29/25 9:00:00 AM ET

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BayFirst Financial Corp. Appoints Thomas G. Zernick as CEO and Names Robin Oliver as President, Effective January 1, 2024

ST. PETERSBURG, Fla., Jan. 02, 2024 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ:BAFN) ("BayFirst" or the "Company"), parent company of BayFirst National Bank (the "Bank") today announced that its Board of Directors appointed Thomas Zernick as chief executive officer and named Robin Oliver president and chief operating officer, effective January 1, 2024. As previously announced, retiring Chief Executive Officer Anthony N. Leo will remain a director of the Company and will also serve as a part-time consultant for strategic matters. Zernick was made a director of the Company and joined the Board in February 2023 when he was appointed successor chief executive officer. He has serve

1/2/24 9:00:00 AM ET

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BayFirst Financial Corp. Names Scott J. McKim Next Chief Financial Officer at BayFirst National Bank

ST. PETERSBURG, Fla., July 25, 2023 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ:BAFN), announced today the appointment of Scott J. McKim as Executive Vice President and Chief Financial Officer (CFO) of BayFirst Financial Corp. and its wholly owned subsidiary, St. Petersburg, Fla.-based BayFirst National Bank. A 25-year industry veteran and Lithia, Fla. resident, Mr. McKim joins BayFirst from 121 Financial Credit Union in Jacksonville, Fla., where he served as chief strategy officer since June 2022. He previously held the roles of CFO and chief lending officer of Publix Employees Federal Credit Union in Lakeland, Fla. and chief lending officer for American Heritage Federal Credi

7/25/23 4:13:54 PM ET

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BayFirst Announces Retirement of Anthony N. Leo as CEO at Year-end 2023, and Appointment of Thomas G. Zernick as a Director and Successor CEO

ST. PETERSBURG, Fla., Feb. 06, 2023 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (the "Company") (NASDAQ:BAFN) announced today that Anthony N. Leo will retire as Chief Executive Officer at the end of 2023. Leo will remain a Director of the Company and will also serve as Special Counsel for strategic matters. The Board of Directors has appointed Thomas G. Zernick to succeed Leo as Chief Executive Officer on January 1, 2024. He was also appointed to serve as a Director of the Company, and is joining the Company's Board effective immediately. Zernick has served as President of the Company since February 2022, and previously served as President of its CreditBench Division, which provides gover

2/6/23 9:00:00 AM ET

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BayFirst Financial Corp. Reports Third Quarter 2025 Results, Announces Restructuring Plan Including Exit From SBA 7(a) Lending

10/30/25 4:00:00 PM ET

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BayFirst Announces Third Quarter 2025 Conference Call and Webcast

9/30/25 9:00:00 AM ET

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Major Banks

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BayFirst Discontinues Bolt SBA 7(a) Loan Program

ST. PETERSBURG, Fla., Aug. 04, 2025 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ:BAFN) ("BayFirst" or "Company"), parent company of BayFirst National Bank ("Bank") today announced that as part of a comprehensive strategic review aimed at positioning the Company for long-term growth and enhanced shareholder value, the Bank has discontinued its Bolt loan program, effective immediately. The Bolt loan program was an SBA 7(a) loan designed to provide small balance loans to small businesses, typically used for working capital. The Company continues to explore a range of opportunities intended to increase emphasis on the Bank's community banking activities in its Florida markets. The Comp

8/4/25 4:00:00 PM ET

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SEC Form 10-Q filed by BayFirst Financial Corp.

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SEC Form 10-Q filed by BayFirst Financial Corp.

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Insider Purchases

CEO Zernick Thomas Gerard bought $4,981 worth of shares (326 units at $15.28), increasing direct ownership by 2% to 18,727 units (SEC Form 4)

EVP, Chief Financial Officer Mckim Scott Joseph bought $1,968 worth of shares (120 units at $16.40), increasing direct ownership by 4% to 3,243 units (SEC Form 4)

Amendment: Director Berset Mark S bought 0 shares (SEC Form 4)

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Insider Trading

SVP, Chief Accounting Officer Tudor Rhonda S covered exercise/tax liability with 228 shares, decreasing direct ownership by 13% to 1,515 units (SEC Form 4)

EVP, Chief Financial Officer Mckim Scott Joseph acquired $300 worth of shares (40 units at $7.43), increasing direct ownership by 1% to 3,256 units (SEC Form 4)

President, COO Oliver Robin Leigh acquired $300 worth of shares (40 units at $7.43), increasing direct ownership by 0.35% to 11,537 units (SEC Form 4)

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Press Releases

BayFirst Financial Corp. Reports Third Quarter 2025 Results, Announces Restructuring Plan Including Exit From SBA 7(a) Lending

BayFirst Announces Third Quarter 2025 Conference Call and Webcast

BayFirst Financial Corp. Announces Exit from SBA 7(a) Business and $103 Million Loan Sale

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SEC Filings