BayFirst Financial Corp. reported a net loss of $677 thousand for the third quarter ended September 30, 2026, a significant improvement from the $32.7 million loss in the second quarter. The company's net interest margin expanded by 59 basis points to 4.07%, and noninterest expense decreased by $4.8 million due to lower one-time asset resolution charges. Loans held for investment grew by $20.1 million, or 2.3%, while total deposits increased by $25.3 million. The Board voted to redeem Series C preferred shares as their no-call period expires in the fourth quarter. BayFirst Financial Corp. operates as a community bank focused on relationship banking and commercial lending.
