BayFirst Financial Corp. (BAFN) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the Bay First Financial Corp Q4 2025 conference call and webcast. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Friday, January 30, 2026. I would now like to turn the conference over to Tom Zernick, CEO of BayFirst. Please go ahead. Thank you, Vanessa. Good morning, and thank you for joining our call today. Once again, with me is Robin Oliver, our President and Chief Operating Officer, and Scott McKim, our Chief Financial Officer. Today's call will include forward-looking statements and non-GAAP financial measures. please refer to our cautionary statement on forward-looking statements contained on page two of the investor presentation. The end of 2025 marks the completion of several significant milestones. We have executed and completed a number of strategic initiatives, including the exit from the SBA 7A lending business, the sale of a substantial amount of 7A loan balances, a significant reduction in headcounts and expenses, and a complete focus on our community bank. The results of these efforts are lower risk, more efficient operations, and a better position for sustainable growth and enhanced shareholder value. We are also pleased to report that we closed the year well capitalized, providing a strong foundation as we move forward. You have heard me talk about our community banking mission, of delivering excellent service to our customers across the Tampa Bay and Sarasota markets. The next chapter for BayFirst is our focus on what matters most, being the premier community bank in Tampa Bay. To that ...