BAFN·July 15, 2026·restatement
BayFirst Financial Restates 2024, 2025, and Q1 2026 Results After Identifying Loan Accounting Errors
BayFirst Financial will restate its financial statements for 2024, 2025, and the first quarter of 2026 after discovering misstatements tied to deferred origination costs and accrued interest on defaulted loans, alongside a $37 million asset resolution adjustment.