BayFirst Posts 4.07% Net Interest Margin as It Works Toward Profit
Photo: TokenPost
BayFirst Financial Corp. (BAFN) posted a 4.07% net interest margin in the third quarter of 2026 as it continued its shift toward core community banking. BayFirst CEO Alfred Rogers reiterated that direction, while management said the bank still needs to improve earnings to reach positive results in the near term. Management cited growth in community bank loans and deposits as signs of balance-sheet momentum. It identified deposit mix and the cost of funds as priorities. Most of the bank’s third-quarter net charge-offs came from its unguaranteed SBA 7(a) portfolio.
Source: TokenPost
