BAFN on Nasdaq
BayFirst Financial Corp.
In its 2026 annual report the company says: “BayFirst Financial Corp. is a bank holding company that operates through its wholly owned subsidiary, BayFirst National Bank, together referred to as “the Company” or “BayFirst”.”4 It is headquartered in St. Petersburg, United States.2 Its shares trade on Nasdaq under the symbol BAFN.2
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Last updated Oct 21, 2026.
Overview
- TickerBAFN on Nasdaq2
- IndustryState Commercial Banks2
- HeadquartersSt. Petersburg, United States2
- Incorporated inFL3
- Business address700 Central Avenue, Suite 102, St Petersburg, Fl 337013
- Filer category, Emerging growth company3
- Legal formCorporation2
- LEI549300EG3HIQSTDIRQ722
- StatusActive2
- LEI statusIssued and current2
- Registered addressc/o SCOTT, MCKIM, 700 Central Avenue, 33701 St. Petersburg, United States2
- Registered withFlorida Division of Corporations, P000000620712
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BayFirst Financial Corp. is a bank holding company that operates through its wholly owned subsidiary, BayFirst National Bank (the “Bank”), together referred to as “the Company” or “BayFirst”. BayFirst commenced its bank holding company operations on September 1, 2000, by acquiring all shares of the Bank. BayFirst’s primary source of income is from the Bank, which serves a broad spectrum of consumers and small businesses in the Tampa Bay/Sarasota region. BayFirst strives to be a progressive institution in its products and services, technology, design, and social responsibility. As of December 31, 2025, BayFirst had consolidated total assets of $1.30 billion, total loans held for investment of $963.9 million, total deposits of $1.18 billion, and total shareholders’ equity of $87.6 million. BayFirst’s corporate office is located at the BayFirst Executive Center, 700 Central Avenue, St. Pete…4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years (annual) or 4 quarters (quarterly), latest first.9
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Loans, including fees | $80.7M | $77.9M |
| Interest-bearing deposits in banks and other | $4.5M | $4.0M |
| Total interest income | $85.2M | $81.9M |
| Deposits | $37.7M | $42.9M |
| Borrowings | $2.3M | $1.9M |
| Total interest expense | $40.0M | $44.8M |
| Net interest income | $45.2M | $37.1M |
| Provision for credit losses | $25.6M | $15.4M |
| Net interest income after provision for credit losses | $19.6M | $21.7M |
| Loan servicing income, net | $2.8M | $3.1M |
| Gain on sale of government guaranteed loans, net | $11.2M | $26.7M |
| Service charges and fees | $1.9M | $1.8M |
| Government guaranteed loans fair value gain (loss), net | -$1.1M | $9.8M |
| Government guaranteed loan packaging fees | $1.8M | $4.1M |
| Gain on sale of premises and equipment | $0 | $11.6M |
| Other noninterest income | $1.3M | $1.7M |
| Total noninterest income | $17.8M | $58.9M |
| Salaries and benefits | $28.4M | $31.1M |
| Bonus, commissions, and incentives | $855.0K | $4.4M |
| Occupancy and equipment | $6.1M | $4.8M |
| Data processing | $7.9M | $6.7M |
| Marketing and business development | $1.4M | $2.0M |
| Professional services | $3.5M | $3.9M |
| Loan servicing and origination expense | $8.0M | $6.4M |
| Employee recruiting and development | $1.7M | $2.2M |
| Regulatory assessments | $1.9M | $1.2M |
| Restructure charges | $7.3M | $0 |
| Other noninterest expense | $3.5M | $3.9M |
| Total noninterest expense | $70.4M | $66.8M |
| Income (loss) from continuing operations before income taxes | -$33.0M | $13.8M |
| Income tax expense (benefit) from continuing operations | -$8.5M | $3.5M |
| Net income (loss) from continuing operations | -$24.6M | $10.3M |
| Loss from discontinued operations before income taxes | $0 | -$92.0K |
| Income tax benefit from discontinued operations | $0 | -$23.0K |
| Net loss from discontinued operations | $0 | -$69.0K |
| Net income (loss) | -$24.6M | $10.2M |
| Preferred stock dividends | $1.5M | $1.5M |
| Net income available to (loss attributable to) common shareholders | -$26.1M | $8.6M |
| Continuing operations (in dollars per share) | -$6 | $2 |
| Discontinued operations (in dollars per share) | $0 | -$0 |
| Total basic earnings (loss) per common share (in dollars per share) | -$6.32 | $2.09 |
| Continuing operations (in dollars per share) | -$6 | $2 |
| Discontinued operations (in dollars per share) | $0 | -$0 |
| Total diluted earnings (loss) per common share (in dollars per share) | -$6.32 | $2.09 |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 |
|---|---|---|---|---|
| Loans, including fees | $20.7M | $21.2M | $19.4M | |
| Total interest income | $21.7M | $22.3M | $20.3M | |
| Net interest income | $11.3M | $12.1M | $10.6M | |
| Provision for credit losses | $11.2M | $7.6M | $4.6M | |
| Net interest income after provision for credit losses | $153.0K | $4.5M | $6.0M | |
| Gain on sale of government guaranteed loans, net | $3.0M | $5.9M | $7.1M | |
| Total noninterest income | -$1.1M | $10.5M | $8.5M | |
| Restructure charges | $7.3M | |||
| Income (loss) from continuing operations before income taxes | -$26.1M | -$2.5M | -$1.3M | |
| Income tax expense (benefit) from continuing operations | -$7.1M | -$623.0K | -$337.0K | |
| Net income (loss) from continuing operations | -$19.1M | -$1.9M | -$938.0K | |
| Net income (loss) | -$19.1M | -$1.9M | -$938.0K | |
| Net income available to (loss attributable to) common shareholders | -$19.5M | -$2.2M | -$1.3M | |
| Continuing operations (in dollars per share) | -$5 | -$1 | -$0 | |
| Total basic earnings (loss) per common share (in dollars per share) | -$4.71 | -$0.54 | -$0.32 | |
| Continuing operations (in dollars per share) | -$5 | -$1 | -$0 | |
| Total diluted earnings (loss) per common share (in dollars per share) | -$4.71 | -$0.54 | -$0.32 |
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 6 quarters (quarterly), latest first.9
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Cash and due from banks | $5.1M | $4.5M | |||
| Interest-bearing deposits in banks | $201.9M | $73.3M | |||
| Cash and cash equivalents | $207.0M | $77.8M | |||
| Time deposits in banks | $0 | $2.3M | |||
| Investment securities available for sale, at fair value (amortized cost: $31,974 and $40,279 at December 31, 2025 and December 31, 2024, respectively) | $29.4M | $36.3M | |||
| Investment securities held to maturity, at amortized cost, net of allowance for credit losses of $7 and $12 (fair value: $2,384 and $2,346 at December 31, 2025 and December 31, 2024, respectively) | $2.5M | $2.5M | |||
| Nonmarketable equity securities | $4.7M | $4.5M | |||
| Government guaranteed loans HFI, at fair value | $54.1M | $60.8M | |||
| Loans HFI, at amortized cost | $903.9M | $931.3M | $1.0B | $1.0B | $1.0B |
| Allowance for credit losses on loans | -$22.0M | -$15.5M | |||
| Net loans HFI, at amortized cost | $881.9M | $906.8M | $1.0B | $1.0B | $985.9M |
| Accrued interest receivable | $6.3M | $6.8M | $7.4M | $7.2M | $7.6M |
| Premises and equipment, net | $31.2M | $33.2M | |||
| Loan servicing rights | $12.6M | $16.5M | |||
| Deferred income tax asset | $7.8M | $7.0M | $247.0K | $278.0K | $445.0K |
| Right-of-use operating lease assets | $14.5M | $15.8M | |||
| Bank owned life insurance | $27.3M | $26.5M | |||
| Other real estate owned | $400.0K | $132.0K | |||
| Other assets | $14.7M | $14.8M | $17.5M | $13.5M | $12.5M |
| Total assets | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B |
| Noninterest-bearing deposit accounts | $95.7M | $101.7M | |||
| Interest-bearing transaction accounts | $231.2M | $256.8M | |||
| Savings and money market deposit accounts | $454.6M | $474.4M | |||
| Time deposits | $402.3M | $310.3M | |||
| Total deposits | $1.2B | $1.1B | |||
| Subordinated notes | $6.0M | $6.0M | |||
| Notes payable | $1.6M | $1.9M | |||
| Accrued interest payable | $1.1M | $1.0M | |||
| Operating lease liabilities | $13.3M | $14.5M | |||
| Accrued expenses and other liabilities | $6.8M | $9.3M | $9.7M | ||
| Total liabilities | $1.2B | $1.2B | $1.2B | $1.2B | |
| Common stock and additional paid-in capital; no par value, 15,000,000 shares authorized, 4,108,069 and 4,132,986 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $54.4M | $54.8M | |||
| Accumulated other comprehensive loss, net | -$2.0M | -$3.0M | |||
| Unearned compensation | -$335.0K | -$752.0K | |||
| Retained earnings | $13.8M | $16.1M | $35.5M | $38.1M | $39.8M |
| Total shareholders equity | $81.6M | $84.0M | $102.6M | $105.1M | $106.6M |
| Total liabilities and shareholders equity | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B |
| Amortized cost | $32.0M | $40.3M | |||
| Allowance for credit loss for HTM securities | $7.0K | $12.0K | |||
| FairValue | $2.4M | $2.3M | |||
| Common stock and additional paid-in capital, shares authorized (in shares) | 15.0M shares | 15.0M shares | 15.0M shares | ||
| Common stock and additional paid-in capital, shares issued (in shares) | 4.1M shares | 4.1M shares | |||
| Common stock and additional paid-in capital, shares outstanding (in shares) | 4.1M shares | 4.1M shares |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | $5.1M | $4.5M | ||||
| Interest-bearing deposits in banks | $201.9M | $73.3M | ||||
| Cash and cash equivalents | $207.0M | $77.8M | ||||
| Time deposits in banks | $0 | $2.3M | ||||
| Investment securities available for sale, at fair value (amortized cost: $31,974 and $40,279 at December 31, 2025 and December 31, 2024, respectively) | $29.4M | $36.3M | ||||
| Investment securities held to maturity, at amortized cost, net of allowance for credit losses of $7 and $12 (fair value: $2,384 and $2,346 at December 31, 2025 and December 31, 2024, respectively) | $2.5M | $2.5M | ||||
| Nonmarketable equity securities | $4.7M | $4.5M | ||||
| Government guaranteed loans HFI, at fair value | $54.1M | $60.8M | ||||
| Loans HFI, at amortized cost | $903.9M | $931.3M | $1.0B | $1.0B | $1.0B | |
| Allowance for credit losses on loans | -$22.0M | -$15.5M | -$13.5M | |||
| Net loans HFI, at amortized cost | $881.9M | $906.8M | $1.0B | $1.0B | $985.9M | |
| Accrued interest receivable | $6.3M | $6.8M | $7.4M | $7.2M | $7.6M | |
| Premises and equipment, net | $31.2M | $33.2M | ||||
| Loan servicing rights | $12.6M | $16.5M | ||||
| Deferred income tax asset | $7.8M | $7.0M | $247.0K | $278.0K | $445.0K | |
| Right-of-use operating lease assets | $14.5M | $15.8M | ||||
| Bank owned life insurance | $27.3M | $26.5M | ||||
| Other real estate owned | $400.0K | $132.0K | ||||
| Other assets | $14.7M | $14.8M | $17.5M | $13.5M | $12.5M | |
| Total assets | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | |
| Noninterest-bearing deposit accounts | $95.7M | $101.7M | ||||
| Interest-bearing transaction accounts | $231.2M | $256.8M | ||||
| Savings and money market deposit accounts | $454.6M | $474.4M | ||||
| Time deposits | $402.3M | $310.3M | ||||
| Total deposits | $1.2B | $1.1B | ||||
| Subordinated notes | $6.0M | $6.0M | ||||
| Notes payable | $1.6M | $1.9M | ||||
| Accrued interest payable | $1.1M | $1.0M | ||||
| Operating lease liabilities | $13.3M | $14.5M | ||||
| Accrued expenses and other liabilities | $6.8M | $9.3M | $9.7M | |||
| Total liabilities | $1.2B | $1.2B | $1.2B | $1.2B | ||
| Common stock and additional paid-in capital; no par value, 15,000,000 shares authorized, 4,108,069 and 4,132,986 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $54.4M | $54.8M | ||||
| Accumulated other comprehensive loss, net | -$2.0M | -$3.0M | ||||
| Unearned compensation | -$335.0K | -$752.0K | ||||
| Retained earnings | $13.8M | $16.1M | $35.5M | $38.1M | $39.8M | |
| Total shareholders equity | $81.6M | $84.0M | $102.6M | $105.1M | $106.6M | $98.8M |
| Total liabilities and shareholders equity | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | |
| Amortized cost | $32.0M | $40.3M | ||||
| Allowance for credit loss for HTM securities | $7.0K | $12.0K | $17.0K | |||
| FairValue | $2.4M | $2.3M | ||||
| Common stock and additional paid-in capital, shares authorized (in shares) | 15.0M shares | 15.0M shares | 15.0M shares | |||
| Common stock and additional paid-in capital, shares issued (in shares) | 4.1M shares | 4.1M shares | ||||
| Common stock and additional paid-in capital, shares outstanding (in shares) | 4.1M shares | 4.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years (annual) or 3 quarters (quarterly), latest first.9
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) from continuing operations | -$24.6M | $10.3M |
| Net loss from discontinued operations | $0 | -$69.0K |
| Net income (loss) | -$24.6M | $10.2M |
| Depreciation of fixed assets | $2.2M | $2.5M |
| Net securities premium amortization | $40.0K | $112.0K |
| Amortization of debt issuance costs | $6.0K | $7.0K |
| Amortization of premium on loans purchased, net | $1.1M | $714.0K |
| Provision for credit losses | $25.6M | $15.4M |
| Accretion of discount on unguaranteed loans | -$3.7M | -$3.1M |
| Deferred tax benefit | -$7.8M | -$280.0K |
| Origination of government guaranteed loans held for sale | $0 | $2.8M |
| Proceeds from sales of government guaranteed loans held for sale | $298.2M | $406.2M |
| Net gains on sales of government guaranteed loans | -$11.2M | -$26.7M |
| Sale of servicing rights | $1.7M | $0 |
| Net amortization of deferred loan costs | $3.5M | $2.9M |
| Change in fair value of government guaranteed loans HFI, at fair value | $1.1M | -$9.8M |
| Amortization of loan servicing rights | $6.9M | $6.3M |
| Gain on sale of premises and equipment | $0 | -$11.6M |
| Gain on other real estate owned | -$423.0K | $14.0K |
| Loss on sale and writedowns of repossessed assets | $118.0K | $0 |
| Non-qualified stock purchase plan expense | $17.0K | $23.0K |
| Stock based compensation expense | $99.0K | $396.0K |
| Income from bank owned life insurance | -$751.0K | -$713.0K |
| Impairment of equipment and software | $1.4M | $0 |
| Accrued interest receivable | $1.3M | -$1.1M |
| Other assets | -$1.9M | -$7.9M |
| Accrued interest payable | $97.0K | $154.0K |
| Other liabilities | -$4.3M | $13.0M |
| Net cash provided by operating activities of continuing operations | $288.8M | $393.7M |
| Net cash used in operating activities of discontinued operations | $0 | -$341.0K |
| Net cash provided by operating activities | $288.8M | $393.4M |
| Purchase of investment securities available for sale | -$5.7M | -$4.5M |
| Principal payments on investment securities available for sale | $2.9M | $7.7M |
| Principal payments on investment securities held to maturity | $0 | $1.0K |
| Call of investment securities held to maturity | $11.1M | $0 |
| Net sale (purchase) of nonmarketable equity securities | -$130.0K | $244.0K |
| Purchase of time deposits in banks | -$14.0K | -$1.0M |
| Maturity of time deposits in banks | $2.3M | $3.4M |
| Purchase of government guaranteed loans | $0 | -$4.4M |
| Loan originations, net | -$208.8M | -$533.7M |
| Purchase related to other real estate owned | $0 | -$1.2M |
| Proceeds for the sale of premises and equipment | $0 | $14.7M |
| Purchase of premises and equipment | -$300.0K | -$1.7M |
| Proceeds on sales of other real estate owned | $155.0K | $1.6M |
| Proceeds on sales of repossessed assets | $59.0K | $0 |
| Net cash used in investing activities | -$198.5M | -$518.8M |
| Net change in deposits | $40.7M | $158.1M |
| Net decrease in short-term borrowings | $0 | $10.0M |
| Payments on notes payable | -$341.0K | -$455.0K |
| Proceeds from issuance of common stock for benefit plans, net | $50.0K | -$23.0K |
| Common share buyback - redeemed stock | -$335.0K | $0 |
| Unearned ESOP shares | $193.0K | $53.0K |
| Dividends paid on common stock | -$663.0K | -$1.3M |
| Dividends paid on preferred stock | -$771.0K | -$1.5M |
| Net cash provided by financing activities | $38.8M | $144.8M |
| Net change in cash and cash equivalents | $129.2M | $19.4M |
| Interest paid | $39.9M | $44.6M |
| Income taxes paid | $5.3M | $8.0K |
| Net change in unrealized holding gains (losses) on investment securities available for sale, net of tax effect | $996.0K | $25.0K |
| Accumulated unpaid preferred dividends | -$385.0K | $0 |
| Transfer of government guaranteed loans HFI to loans HFS | $296.2M | $384.5M |
| Transfer of government guaranteed loans HFS to loans HFI | $4.5M | $0 |
| Transfer of loans HFI to OREO | $0 | $94.0K |
| Transfer of loans HFI to repossessed assets | $422.0K | $0 |
| Recognition of right of use asset in exchange for new operating lease liabilities | $0 | $14.3M |
| Period ending | 2025-09-30 | 2025-06-30 | 2025-03-31 |
|---|---|---|---|
| Net income (loss) from continuing operations | -$19.1M | -$1.9M | -$938.0K |
| Net income (loss) | -$19.1M | -$1.9M | -$938.0K |
| Provision for credit losses | $11.2M | $7.6M | $4.6M |
| Deferred tax benefit | -$10.0K | ||
| Net gains on sales of government guaranteed loans | -$3.0M | -$5.9M | -$7.1M |
| Net amortization of deferred loan costs | $934.0K | ||
| Accrued interest receivable | $391.0K | ||
| Other assets | -$719.0K | ||
| Other liabilities | -$920.0K | ||
| Net cash provided by operating activities of continuing operations | $75.1M | ||
| Net cash provided by operating activities | $75.1M | ||
| Loan originations, net | -$93.6M | ||
| Net cash used in investing activities | -$93.6M | ||
| Transfer of government guaranteed loans HFI to loans HFS | $71.1M |
Corporate structure
BayFirst Financial Corp. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of BayFirst Financial Corp.
- LEHMAN KENNETH R Filed SCHEDULE 13D/A on BayFirst Financial Corp., latest Oct 13, 2026 (2 filings since Jul 16, 2026)
- INTERPLUS RE Ltd Filed SCHEDULE 13G on BayFirst Financial Corp., latest May 20, 2026
- Mark S. Berset Filed SC 13G on BayFirst Financial Corp., latest Nov 17, 2021
- BayFirst Financial Corp. St. Petersburg, Florida, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What BayFirst Financial Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $41.8M9 Dec 31, 2025 | $41.9M9 Dec 31, 2024 | −0.2% |
| Accumulated depreciation | $10.6M9 Dec 31, 2025 | $8.6M9 Dec 31, 2024 | +23.2% |
| Property and equipment, net | $31.2M9 Dec 31, 2025 | $33.2M9 Dec 31, 2024 | −6.2% |
| Operating-lease assets (leased space) | $14.5M9 Dec 31, 2025 | $15.8M9 Dec 31, 2024 | −8.3% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $207.0M9 Dec 31, 2025 | $77.8M9 Dec 31, 2024 | +166.1% |
| Loans, net of allowance | $881.9M9 Dec 31, 2025 | $985.9M9 Dec 31, 2024 | −10.5% |
| Deposits held (banks) | $1.2B9 Dec 31, 2025 | $1.1B9 Dec 31, 2024 | +3.6% |
Properties, in its own words
The following table contains information concerning the current locations of the Bank’s full-service banking centers.
Location · Use · Own or Lease · Year First Operated
The rest of Item 2
700 Central AvenueSt. Petersburg, FL 33701 · Corporate andBank Headquarters · Lease · 2017
9190 Seminole BoulevardSeminole, FL 33772 · Banking Center · Lease · 1999
5250 Park BoulevardPinellas Park, FL 33781 · Banking Center · Own · 2006
2520 Countryside BoulevardClearwater, FL 33763 · Banking Center · Lease · 2018
2033 Main Street, Suite 101Sarasota, FL 34237 · Banking Center · Lease · 2018
3015 West Columbus DriveTampa, FL 33607 · Banking Center · Own · 2020
401 N. Indian Rocks RoadBelleair Bluffs, FL 33770 · Banking Center · Own · 2021
2102 59th Street WestBradenton, FL 34209 · Banking Center · Own · 2022
16002 N. Dale Mabry HighwayTampa, FL 33618 · Banking Center · Own · 2023
5600 Bee Ridge RoadSarasota, FL 34233 · Banking Center · Own · 2023
1782 Dr. Martin Luther King WaySarasota, FL 34240 · Banking Center · Own · 2023
2075 S. Tamiami TrailSarasota, FL 34239 · Banking Center · Own · 2024
Item 2 of the 10-K filed Mar 27, 2026.4
Leadership
Who has led BayFirst Financial Corp., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
- Chief executive officerAlfred Tate Rogers Jr. May 21, 2026 to now13
- Chief executive officerThomas Gerard Zernick Jan 25, 2024 to May 21, 202614
- Chief executive officerAnthony N. Leo Nov 15, 2021 to Nov 2, 202315
- PresidentAlfred Tate Rogers Jr. May 21, 2026 to now13
- PresidentRobin Leigh Oliver Jan 25, 2024 to May 21, 202616
- PresidentThomas Gerard Zernick Jan 30, 2023 to Dec 19, 202317
- Chief financial officerScott Joseph McKim Jul 31, 2023 to now18
- Chief financial officerRobin Leigh Oliver Nov 15, 2021 to Jun 16, 202319
- Chief operating officerRobin Leigh Oliver Feb 6, 2023 to now20
Board members and other officers (24)
- SVP, Chief Accounting OfficerRhonda S. Tudor Aug 4, 2023 to now21
- Executive Vice PresidentBrandi Nicole Jaber Nov 15, 2021 to Feb 6, 202322
- Executive Vice PresidentMatthew Mann Luckey Nov 15, 2021 to Dec 12, 202223
- Executive Vice PresidentThomas Gerard Zernick Nov 15, 2021 to Jan 20, 202324
- Board memberAlfred Tate Rogers Jr. May 21, 2026 to now13
- Board memberJoe Taggart Sep 24, 2026 to now25
- Board memberKenneth R. Lehman Sep 24, 2026 to now26
- Board memberWilliam Sultenfuss Sep 24, 2026 to now27
- Board memberAndrew Pardo Wright Sep 29, 2026 to now28
- Board memberRobin Leigh Oliver Jun 18, 2025 to now29
- Board memberThomas Gerard Zernick Apr 5, 2023 to now30
- Board memberSheryl Wudunn Feb 24, 2022 to now31
- Board memberAlexander Octavius Harris Nov 15, 2021 to now32
- Board memberAnthony N. Leo Nov 15, 2021 to now15
- Board memberAnthony Saravanos Nov 15, 2021 to now33
- Board memberBarbara J. Zipperian Nov 15, 2021 to now34
- Board memberBradly William Spoor Nov 15, 2021 to now35
- Board memberDennis Reppard Deloach Iii. Nov 15, 2021 to now36
- Board memberDerek Steven Berset Nov 15, 2021 to now37
- Board memberGeorge Apostolou Nov 15, 2021 to Dec 19, 202238
- Board memberHarold Jack Winner Nov 15, 2021 to Jan 25, 202339
- Board memberMark S. Berset Nov 15, 2021 to now40
- Board memberTarek Helal Nov 15, 2021 to Sep 19, 202441
- Board memberTrifon Houvardas Nov 15, 2021 to Mar 8, 202242
Named in SEC Form D filings
People the company listed in its private-offering notices.
Timeline
- Sep 30, 20268-K Regulation FD disclosure44
- Sep 29, 20268-K Executive or director change45
- Sep 24, 20268-K Shareholder vote46
- Sep 1, 20268-K Other events47
- Aug 27, 20268-K Executive or director change48
- Aug 18, 20268-K Regulation FD disclosure49
- Aug 13, 20268-K Results of operations; Regulation FD disclosure50
- Jul 28, 20268-K Regulation FD disclosure51
- Jul 16, 20268-K Change in control; Bylaws or fiscal year changed; Shareholder vote52
- Jul 15, 20268-K Results of operations; Earlier financial statements no longer reliable53
- Jun 30, 20268-K Regulation FD disclosure54
- May 21, 2026New chief executive Alfred Tate Rogers Jr. becomes CEO13
- May 21, 20268-K Executive or director change55
- Jan 25, 2024New chief executive Thomas Gerard Zernick becomes CEO14
- Nov 15, 2021New chief executive Anthony N. Leo becomes CEO15
- Jun 23, 2000Founded BayFirst Financial Corp. is founded2
Calendar
Coming up
- Oct 29, 2026 · After the closeReports results for the quarter ending Sep/202656
When it reported results
- Aug 13, 2026Reported quarterly or annual results50
- Jul 15, 2026Reported quarterly or annual results53
- Apr 30, 2026Reported quarterly or annual results57
- Jan 29, 2026Reported quarterly or annual results58
- Oct 30, 2025Reported quarterly or annual results59
- Jul 29, 2025Reported quarterly or annual results60
- Apr 24, 2025Reported quarterly or annual results61
- Jan 30, 2025Reported quarterly or annual results62
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
783 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 105 major events, 614 insider forms, 4 large holders, 1 private raises, 37 other. The latest 20:
- Oct 13, 2026SCHEDULE 13D/A EDGAR
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Sep 30, 20268-K EDGAR
- Sep 29, 20263 EDGAR
- Sep 29, 20268-K EDGAR
- Sep 24, 20263 EDGAR
- Sep 24, 20263 EDGAR
- Sep 24, 20263 EDGAR
- Sep 24, 20263 EDGAR
- Sep 24, 20268-K EDGAR
- Sep 9, 20264 EDGAR
- Sep 9, 20264 EDGAR
The 783 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
81 open-market trades by officers, directors and large owners since October 2021: 79 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 14, 2026 | Rogers Alfred Tate JrCEO & President | Sale | 1,142,800 | Form 4 | ||
| May 15, 2025 | Berset Derek StevenDirector | Sale | 0 | $14.86 | $3 | Form 4 |
| May 1, 2025 | Zernick Thomas GerardDirector | Buy | 326 | $15.28 | $5.0K | Form 4 |
| Feb 6, 2025 | McKim Scott JosephEVP, Chief Financial Officer | Buy | 120 | $16.40 | $2.0K | Form 4 |
| Aug 2, 2024 | Tudor Rhonda SSVP, Chief Accounting Officer | Buy | 100 | $12.86 | $1.3K | Form 4 |
| Jul 31, 2024 | McKim Scott JosephEVP, Chief Financial Officer | Buy | 100 | $12.93 | $1.3K | Form 4 |
| Jul 30, 2024 | Zernick Thomas GerardDirector | Buy | 100 | $13.10 | $1.3K | Form 4 |
| Jul 30, 2024 | Oliver Robin LeighCOO | Buy | 100 | $13.00 | $1.3K | Form 4 |
| May 24, 2024 | Zernick Thomas GerardDirector | Buy | 200 | $11.65 | $2.3K | Form 4 |
| May 24, 2024 | Oliver Robin LeighCOO | Buy | 500 | $11.79 | $5.9K | Form 4 |
| Feb 29, 2024 | Zernick Thomas GerardDirector | Buy | 100 | $14.00 | $1.4K | Form 4 |
| Dec 8, 2023 | McKim Scott JosephEVP, Chief Financial Officer | Buy | 100 | $11.19 | $1.1K | Form 4 |
| Dec 5, 2023 | Zernick Thomas GerardDirector | Buy | 150 | $11.54 | $1.7K | Form 4 |
| Nov 29, 2023 | McKim Scott JosephEVP, Chief Financial Officer | Buy | 100 | $10.50 | $1.1K | Form 4 |
| Nov 1, 2023 | LEO ANTHONY NDirector | Buy | 50 | $10.45 | $522 | Form 4 |
| Oct 31, 2023 | Zernick Thomas GerardDirector | Buy | 150 | $10.00 | $1.5K | Form 4 |
| Oct 31, 2023 | LEO ANTHONY NDirector | Buy | 200 | $9.73 | $1.9K | Form 4 |
| Aug 3, 2023 | LEO ANTHONY NDirector | Buy | 125 | $14.30 | $1.8K | Form 4 |
| Aug 2, 2023 | LEO ANTHONY NDirector | Buy | 150 | $14.50 | $2.2K | Form 4 |
| Aug 1, 2023 | LEO ANTHONY NDirector | Buy | 125 | $14.52 | $1.8K | Form 4 |
All 81 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- LEHMAN KENNETH RSCHEDULE 13D/A, 2 filings Jul 16, 2026 to Oct 13, 202663
- INTERPLUS RE LtdSCHEDULE 13G, 1 filing May 20, 202664
- Mark S. BersetSC 13G, 1 filing Nov 17, 202165
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Thomas G. Zernick | $358.8K | $428.1K66 | |
| 2025 | Robin L. Oliver | $322.4K | $394.8K66 | |
| 2025 | Scott J. McKim | $291.2K | $346.4K66 | |
| 2024 | Former CEO | $345.0K | $533.4K66 | |
| 2024 | COO | $310.0K | $451.2K66 | |
| 2024 | EVP and CFO | $280.0K | $344.0K66 | |
| 2023 | Former CEO | $320.0K | $612.3K66 | |
| 2023 | COO | $280.0K | $473.3K66 | |
| 2023 | EVP and CFO | $120.9K | $161.0K66 |
Money raised
Private offerings the company reported to the SEC on Form D.
- Apr 28, 2026Raised $80 million in a private offering of equity Form D: 33 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Vanguard Capital Management LLC | 150,806 | $754.0K | 0.0% | +2,171 |
| First Manhattan Co. Llc. | 132,926 | $664.6K | 0.0% | +5,000 |
| Banc Funds Co LLC | 91,679 | $458.4K | 0.1% | No change |
| BlackRock, Inc. | 52,828 | $264.1K | 0.0% | +1,093 |
| Geode Capital Management, LLC | 38,775 | $193.9K | 0.0% | −5,378 |
| Stifel Financial Corp | 36,673 | $183.4K | 0.0% | +5,473 |
| Modern Wealth Management, LLC | 27,661 | $138.3K | 0.0% | New |
| Vanguard Fiduciary Trust Co | 22,215 | $111.1K | 0.0% | +1,049 |
| LPL Financial LLC | 19,321 | $96.6K | 0.0% | +6,500 |
| Renaissance Technologies LLC | 15,600 | $78.0K | 0.0% | New |
| Citadel Advisors LLC | 13,091 | $65.5K | 0.0% | +180 |
| Vanguard Global Advisers, LLC | 1,412 | $7.1K | 0.0% | No change |
| Jones Financial Companies Lllp | 343 | $1.7K | 0.0% | No change |
| Morgan Stanley | 179 | $896 | 0.0% | No change |
| Barclays PLC | 16 | $80 | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How BayFirst Financial Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBayFirst Financial Corp.1
- CIK0001649739
- Employer ID (EIN)59-36650794
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inFlorida4
- Fiscal year endsDecember 311
- Industry code (SIC)6022 State Commercial Banks1
- SEC reviewing officeOffice of Finance, Division of Corporation Finance1
- Business address700 Central Avenue, Suite 102, St Petersburg, FL 337011
- Phone727-399-56001
- Shares outstanding26,962,815 as of Aug 5, 202611
- Public float$49.3M as of Jun 30, 20254
- AuditorForvis Mazars, LLP, Tampa, Florida PCAOB ID 686; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceMay 11, 20211
- Filings789 in all: 4 (573), 8-K (105), 3 (26), 10-Q (15), 4/A (13), S-1/A (8), CORRESP (7), DEF 14A (6)1
All 27 form types
10-K (5), EFFECT (4), S-1 (4), UPLOAD (4), 3/A (2), 424B3 (2), 424B4 (2), 8-A12B (2), 10-K/A (1), 10-Q/A (1), CERT (1), D (1), PRE 14A (1), S-8 (1), S-8 POS (1), SC 13G (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) Mar 27, 2026
Quarterly report (10-Q) Aug 14, 2026
Proxy statement (DEF 14A) Aug 19, 2026
Latest 8-K (8-K) Sep 30, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common stock | BAFN | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Mar 27, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks BayFirst Financial Corp. names in Item 1A of its 10-K filed Mar 27, 2026: 50 risks under these headings, as written.4
- We may need additional capital in the future, but such capital may not be available when needed.
- Liquidity risk could impair our ability to fund operations and jeopardize our financial condition.
- Changes in interest rates affect our profitability and assets.
- Loss of deposits or a change in deposit mix could increase our funding costs and adversely affect our performance.
- Changes in economic and political conditions could adversely affect our earnings through declines in deposits, loan demand, the ability of our customers to repay loans and the value of the collateral securing our loans.
- A shutdown of the Federal government would likely result in us being temporarily unable to make USDA government guaranteed loans.
- Changes in the laws or regulations governing our USDA government guaranteed lending activities may adversely affect our ability to operate them profitably.
- We may not be able to retain or grow our core deposit base, which could adversely impact our funding costs.
- Unrealized losses in the Bank’s investment portfolio could affect liquidity.
- We are dependent on our management team and any of their departure, or subsequent employment with a competitor could adversely affect our operations.
- We have pledged the outstanding shares of the Bank to secure a loan, and if we cannot repay the loan when due, the lender may foreclose on the loan and take ownership of the Bank.
- We engage in transactions with our directors and their related interests, which creates the potential for conflicts of interest.
The other 38 risks
- We may not be able to collect on the guarantees of our SBA or other government guaranteed loans if borrowers default.
- Our Internet-based systems and online commerce activities are subject to security threats that could adversely affect our business.
- A failure or breach, including cyberattacks, of our computer systems or other technologies could disrupt our business, result in the disclosure of confidential information, and create significant financial and legal exposure.
- The development and use of artificial intelligence by us or others, or our inability to effectively and timely implement its use, may adversely affect the Company.
- The valuation of our SBA and USDA related servicing rights is based on estimates and subject to fluctuation based on market conditions and other factors that are beyond our control.
- Changes in business and economic conditions, in particular those of the Florida markets in which we operate, could lead to lower asset quality and decreased earnings.
- Most expansion activities require approval of our regulators, which we may not be able to obtain, or that may impose conditions that we find to be unacceptable.
- We are subject to numerous laws designed to protect consumers, including the Community Reinvestment Act and fair lending laws, and failure to comply with these laws could lead to material penalties and have negative effects on our business.
- We may be required to make increases in our credit loss reserve and to charge off loans in the future, which could adversely affect our results of operations.
- If real estate values in our markets decline, we could experience losses upon foreclosure of the loan or sale of the real estate.
- Hurricanes or other adverse weather events, as well as climate change, could negatively affect our local economies or disrupt our operations, which could have an adverse effect on our business and results of operations.
- The Florida property insurance market is in crisis and the inability of our borrowers to obtain insurance on properties securing our loans may adversely affect the value of the collateral, the performance of our loan portfolio, and our ability to make loans secured by real estate.
- Public health emergencies could hurt our business.
- Our loan portfolio includes a material amount of commercial real estate and commercial and industrial loans.
- Our use of appraisals in deciding whether to make a loan secured by real property or how to value the loan in the future may not accurately describe the net value of the collateral that we can realize.
- We operate in a highly competitive industry and market area.
- We may face risks with respect to future expansion.
- We are subject to government regulation and monetary policy that could constrain our growth and profitability.
- Legislation and regulatory proposals enacted in response to market and economic conditions may materially adversely affect our business and results of operations.
- Inflation could negatively impact our business and our profitability.
- An economic downturn could have a material adverse effect on our capital, financial condition, results of operations, and future growth.
- We may incur losses if asset values decline, including due to changes in interest rates and prepayment speeds.
- Technological changes, including online and mobile banking, have the potential of disrupting our business model, and we may have fewer resources than many competitors to invest in technological improvements.
- Changes in accounting standards may affect our performance.
- We face risks related to our operational, technological, and organizational infrastructure.
- Risks Related to Our Securities
- A vibrant public trading market for our common stock has not and may not develop, which may hinder your ability to sell the common stock and may lower the market price of the stock.
- Shareholders may face dilution resulting from the issuance of common stock in the future.
- The price of our common stock could be volatile.
- Owning our stock will not give you the right to participate in any future offerings of our capital stock and your ownership could be diluted.
- Management has broad discretion concerning the use of our capital.
- If equity research analysts do not publish research or reports about our business, or if they do publish such reports but issue unfavorable commentary or downgrade our common stock, the price and trading volume of our common stock could decline.
- Our Board of Directors owns a significant percentage of our shares and will be able to make decisions to which you may be opposed.
- We have outstanding preferred stock and our Board may authorize the issuance of additional series of preferred stock.
- BayFirst has outstanding debt and either BayFirst or the Bank may incur additional debt.
- We are restricted by law and government policy in our ability to pay dividends to our shareholders.
- We are an emerging growth company, and the reduced disclosure requirements applicable to emerging growth companies may make our common stock less attractive to investors.
- We are a smaller reporting company and are exempt from certain disclosure requirements, which could make our common stock less attractive to potential investors.
- Certain provisions of Florida and federal law may discourage or prevent a takeover of BayFirst and result in a lower market price for our common stock.
Legal proceedings
In the normal course of business, the Company is named or threatened to be named as a defendant in various lawsuits, none of which is expected to have a material effect on the Company. However, given the nature, scope and complexity of the extensive legal and regulatory landscape applicable to its business (including laws and regulations governing consumer protection, fair lending, fair labor, privacy, information security, anti-money laundering and anti-terrorism), the Company, like all banking organizations, is subject to heightened legal and regulatory compliance and litigation risk. There are no material pending legal proceedings, other than ordinary routine litigation incidental to the business, to which the Company is a party or to which its property is the subject.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARRobin Leigh Oliver, President
- 17SEC EDGARThomas Gerard Zernick, President
- 18
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- 24
- 25SEC EDGARJoe Taggart, Board member
- 26SEC EDGARKenneth R. Lehman, Board member
- 27SEC EDGARWilliam Sultenfuss, Board member
- 28SEC EDGARAndrew Pardo Wright, Board member
- 29SEC EDGARRobin Leigh Oliver, Board member
- 30SEC EDGARThomas Gerard Zernick, Board member
- 31SEC EDGARSheryl Wudunn, Board member
- 32
- 33SEC EDGARAnthony Saravanos, Board member
- 34SEC EDGARBarbara J. Zipperian, Board member
- 35SEC EDGARBradly William Spoor, Board member
- 36
- 37SEC EDGARDerek Steven Berset, Board member
- 38SEC EDGARGeorge Apostolou, Board member
- 39SEC EDGARHarold Jack Winner, Board member
- 40SEC EDGARMark S. Berset, Board member
- 41SEC EDGARTarek Helal, Board member
- 42SEC EDGARTrifon Houvardas, Board member
- 43
- 44SEC EDGARRegulation FD disclosure
- 45SEC EDGARExecutive or director change
- 46SEC EDGARShareholder vote
- 47SEC EDGAROther events
- 48SEC EDGARExecutive or director change
- 49SEC EDGARRegulation FD disclosure
- 50
- 51SEC EDGARRegulation FD disclosure
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- 54SEC EDGARRegulation FD disclosure
- 55SEC EDGARExecutive or director change
- 56NasdaqNasdaq calendar
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