BayFirst Q2 FY26 net loss widens to $32.7 million; net interest margin falls 53 bps to 3.48% vs year-ago quarter

PUBT · 1d ago
BayFirst Q2 FY26 net loss widens to $32.7 million; net interest margin falls 53 bps to 3.48% vs year-ago quarter
  • BayFirst Financial posted a GAAP net loss of USD 32.7 million, or USD 8.05 per share, versus a GAAP net loss of USD 5.9 million in Q1.
  • Results reflected USD 41.5 million of asset resolution plan expenses, including provision expense, loan fair-value write-downs, and securities impairment.
  • GAAP net interest margin edged up 4 basis points sequentially to 3.48%, down 53 basis points from a year earlier.
  • Loans held for investment fell 4.5% from Q1 to USD 882.8 million; deposits slid 8.9% to USD 988.9 million.
  • Book value per share dropped to USD 4.83 from USD 14.22; management said the plan aims to strengthen the balance sheet.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bayfirst Financial Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608131600PRIMZONEFULLFEED9809330) on August 13, 2026, and is solely responsible for the information contained therein.