PowerLOS

Search documents
BayFirst Financial (BAFN) - 2025 Q2 - Earnings Call Presentation
2025-07-30 13:00
Financial Performance - BayFirst's net interest income for the three months ended June 30, 2025, was $12348 thousand, compared to $9182 thousand for the same period in 2024[27] - The company reported a net loss of $1237 thousand for the three months ended June 30, 2025, compared to a net income of $866 thousand for the same period in 2024[27] - For the six months ended June 30, 2025, BayFirst's net interest income was $23347 thousand, compared to $17924 thousand for the same period in 2024[28] - The company experienced a net loss of $1572 thousand for the six months ended June 30, 2025, compared to a net income of $1690 thousand for the same period in 2024[28] Balance Sheet and Loan Portfolio - Total assets reached $134 billion as of June 30, 2025, representing a 47% growth since December 31, 2020[6] - Total loan production for the quarter was $157 million, with loans held for investment growing by $41 million during the quarter[18] - Total deposits increased by $36 million for the quarter and $121 million over the last twelve months[22] - The investment securities portfolio has minimal exposure to market value losses, representing 02% of total assets[25] Community Banking - Total deposits across 12 branches reached $1163796 thousand as of June 30, 2025, compared to $1042388 thousand on June 30, 2024[53] - Loan production in community banking for the quarter was $507 million[54] Government Guaranteed Banking - The company is ranked 8 nationally in total SBA units and 18 in dollars for the SBA's quarter ended June 30, 2025[67] - Since its launch in June 2022, the Bolt program has originated loans totaling $8699 million, including $679 million in Q2 2025[67]