BayFirst Financial Corp. (BAFN) Q3 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:02.932 Thank you, Joanna. 00:00:04.396 -- 00:00:07.378 Good morning 00:00:07.400 -- 00:00:09.981 and thank 00:00:10.544 -- 00:00:12.544 you 00:00:13.127 -- 00:00:14.769 for 00:00:14.769 -- 00:00:16.769 joining 00:00:19.415 -- 00:00:21.415 our 00:00:21.878 -- 00:00:23.660 call 00:00:23.660 -- 00:00:25.660 today. 00:00:30.440 -- 00:00:35.644 Once again, with me is Robin Oliver, our president and chief operating officer, 00:00:35.644 -- 00:00:39.428 and Scott McKim, our chief financial officer. 00:00:39.428 -- 00:00:44.832 Today's call will include forward-looking statements and non-GAAP financial measures. 00:00:44.832 -- 00:00:49.436 Please refer to our cautionary clause on forward-looking statements contained on page 00:00:49.436 -- 00:00:52.617 two of the investor presentation. 00:00:53.079 -- 00:00:57.483 At the start of the year, management and the board initiated a comprehensive strategic 00:00:57.483 -- 00:01:02.616 review of the bank's business model to chart a new path forward that 00:01:02.616 -- 00:01:06.280 holds true to our mission as a community bank. 00:01:06.280 -- 00:01:11.867 Today, we are reporting on the culmination of our work to de-risk the balance sheet 00:01:11.867 -- 00:01:17.533 and position our community bank for long-term sustainable growth and enhanced shareholder 00:01:17.533 -- 00:01:19.536 value. For 00:01:19.536 -- 00:01:24.842 over a decade, the bank's SBA 7A business has provided revenue 00:01:24.842 -- 00:01:29.842 to help build our 12-branch network which drives tremendous franchise 00:01:29.842 -- 00:01:31.423 value. 00:01:31.423 -- 00:01:36.628 At the same time, this line of business outgrew our community bank model, and 00:01:36.628 -- 00:01:41.793 as reflected in this year's results, brought material...