BayFirst Financial Corp. rescheduled its second quarter 2026 earnings release to after market close on August 13, 2026, with a conference call on August 14, 2026. The delay is due to the company's asset resolution plan and the need to restate consolidated financial statements for the years ended December 31, 2024, and 2025, and the quarter ended March 31, 2026. Previously issued financial statements and audit reports for these periods are no longer reliable, and amendments to the 2025 Form 10-K and 2026 Form 10-Q are expected by August 12, 2026. BayFirst Financial Corp. is a bank holding company operating BayFirst National Bank, providing commercial and consumer banking services in the Tampa Bay-Sarasota region.

On July 14, 2026, shareholders approved a significant change in control as BayFirst Financial Corp. exchanged 4,000 shares of Series E Mandatorily Convertible Cumulative Perpetual Preferred Stock owned by Kenneth R. Lehman for 11,428,000 shares of common stock. This transaction results in Mr. Lehman holding 42.38% of the company's outstanding common shares and grants him the right to designate one director to the company's and the bank's boards. Additionally, shareholders approved an amendment to the Articles of Incorporation to increase authorized common stock from 15,000,000 to 100,000,000 shares. BayFirst Financial Corp. is a financial services company providing banking services.

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.