Bayfirst Financial posts $18.9 million net loss for Q3 2025
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BayFirst Financial Corp. reported a net loss of $18.9 million, or $4.66 per share, for Q3 2025, a significant decline from a net income of $1.1 million in Q3 2024. The loss was attributed to increased provisions for credit losses, decreased noninterest income, and higher noninterest expenses. The company exited the SBA 7(a) lending business to reduce expenses and derisk its balance sheet. Tangible book value per share fell to $17.90, and liquidity ratio improved to 11.3%.
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