BAFN · BayFirst Financial Corp.
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Metrics snapshot
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AI Brief
Q2 FY26 earnings call · Aug 14, 2026TL;DR. BayFirst reported a Q2 net loss of $32.7 million driven by a $41.5 million asset resolution plan charge, while completing an $80 million capital raise that lifted the Tier 1 leverage ratio to 8.30% and boosting ACL coverage to 5.37% of loans. The company also restated prior-period financials, with core operating loss running near break-even excluding one-time items.
- + Capital raise of $80 million (April 2026) materially strengthened regulatory capital ratios.
- + Cost of funds improved 24 basis points sequentially and 49 basis points year-to-date as the bank shed high-rate promotional and brokered deposits.
- + Normalized net interest margin (excluding one-time ARP items) was 4.07%, with management citing a clear path to profitable earnings.
- + New leadership (Chief Banking Officer Trey Korhn) and a new South Tampa branch position the bank for community-banking growth.
- − Tangible book value per share dropped to $4.82 from $14.22, and common shareholders' equity fell sharply after the loss and capital changes.
- − Loans held for investment declined 21.2% year-over-year and deposits fell 15.0% as the bank wound down SBA 7(a) lending and exited non-relationship deposits.
- − Provision for credit losses spiked to $29.0 million in Q2 from $3.4 million in Q1, reflecting asset resolution plan charges.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Ratio of average interest-earning assets to average interest-bearing liabilities | 117.1% | three months ended June 30, 2026 filing | — |
| Book value per common share | $4.83 | the second quarter of 2026 | — |
| Loans held for investment | $882.8M | the second quarter of 2026 | — |
| Net interest margin | 3.48% | the second quarter of 2026 | — |
| Net interest margin, excluding the write-downs | 4.07% | the second quarter of 2026 | — |
| Nonperforming assets as a percentage of total assets | 1.75% | the second quarter of 2026 | — |
| Nonperforming assets, excluding government guaranteed loan balances, as a percentage of total as | 1.32% | the second quarter of 2026 | — |
| On-balance sheet liquidity ratio | 14.95% | the second quarter of 2026 | — |
| Ratio of ACL on loans to total loans held for investment at amortized cost | 5.37% | the second quarter of 2026 | — |
| Tangible book value per common share | $4.82 | the second quarter of 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Banks - Regional — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
BAFN
this stock
BayFirst Financial Corp.
|
$194.40M | -1.3% | — | — | 1.4% |
|
MFG
Mizuho Financial Group Inc
|
$133.98B | +50.7% | — | — | 0.1% |
|
HDB
Hdfc Bank Ltd
|
$118.26B | -39.5% | -3.2% | — | 0.7% |
|
CIXPF
CaixaBank/ADR
|
$103.83B | +16.0% | — | — | 0.1% |
|
IBN
Icici Bank Ltd
|
$100.21B | -6.9% | — | — | 0.6% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| BAFN | +20.3% | +14.0% | +6.7% | +13.8% | -1.3% |
| SPY | +1.2% | +0.6% | +11.6% | +1.6% | +13.6% |
| vs SPY | +19.1% | +13.4% | -4.9% | +12.2% | -14.9% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.