BayFirst Financial (BAFN) Q2 FY26 earnings call

BayFirst Financial Corp. reported a significant net loss in Q2 FY26, primarily driven by a comprehensive asset resolution plan and one-time charges totaling $43.8 million, alongside restatements for prior period errors. The quarter also saw an $80 million capital raise, strengthening capital ratios and enabling a strategic reorientation towards core relationship banking and traditional commercial lending, with new leadership appointments and a planned branch expansion.