Tom Zernick
Chief Executive Officer
Replay available
BayFirst Financial Corp. (BAFN) Q2 2025 Earnings Call
BayFirst Financial Corp. (NASDAQ: BAFN) Q2 2025 earnings conference call, held 2025-07-30. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Scott McKim
Chief Financial Officer
Robin Oliver
President and Chief Operating Officer
Ian Green
Analyst, Pentagon Capital
Julian Casarino
Analyst, Sycamore
Ross Haberman
Analyst, HLS Investments
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Bayfirst Financial Corp..
Replay transcript excerpt
WEBVTT 00:00:00.000 -- 00:00:03.560 In the presentation, we will conduct a question and answer session. 00:00:03.560 -- 00:00:08.240 And if at any time during this call you require immediate assistance, please press star 00:00:08.240 -- 00:00:12.640 zero for the operator. Also note that this call is being recorded on Wednesday, July 00:00:12.640 -- 00:00:15.060 30th, 2025. 00:00:15.060 -- 00:00:18.220 I would now like to turn the conference over to Tom Zernick, CEO. 00:00:18.220 -- 00:00:20.960 Please go ahead, sir. 00:00:21.160 -- 00:00:25.980 Thank you, Sylvie. Good morning and thank you for participating on our call today. 00:00:25.980 -- 00:00:31.400 Once again with me is Robin Oliver, our President and Chief Operating Officer, 00:00:31.400 -- 00:00:34.940 and Scott McKim, our CFO. 00:00:34.940 -- 00:00:40.660 Today's call will include forward-looking statements and non-GAAP financial measures. 00:00:40.660 -- 00:00:45.840 Please refer to our cautionary statement on forward-looking statements contained on page 00:00:45.840 -- 00:00:48.800 two of the investor presentation. 00:00:48.800 -- 00:00:54.040 We reported a net loss this quarter of $1.2 million, 00:00:54.040 -- 00:00:59.480 driven by notably higher provision expense and higher write-downs on our portfolio 00:00:59.480 -- 00:01:03.220 of loans measured at fair value. 00:01:03.220 -- 00:01:08.680 As we announced last quarter, management and the board initiated a comprehensive strategic 00:01:08.680 -- 00:01:14.120 review aimed at de-risking unguaranteed SBA 7A balances 00:01:14.120 -- 00:01:19.480 on the balance sheet and positioning the company for long-term growth and 00:01:19.480 -- 00:01:22.020 enhanced shareholder value. 00:01:22.020 -- 00:01:26.980 Much progress is being made and we expect to have addi...