BayFirst Financial Corp. announced an asset resolution plan impacting $37.0 million in loan adjustments, a $1.5 million equity impairment, and a $1.6 million USDA loan write-down. The company is restating its financial statements for 2024, 2025, and Q1 2026 due to $2.8 million in deferred origination costs and $2.1 million in accrued interest misstatements. BayFirst Financial Corp. is a bank holding company providing commercial and consumer banking services.
