BayFirst Financial is a community bank holding company that operates BayFirst National Bank, a 12-branch bank serving consumers, small and medium-sized businesses, and professionals across the Tampa Bay and Sarasota markets in Florida. BayFirst's core products are traditional community banking services: checking and savings accounts, CDs, money market accounts, and loans including commercial real estate, C&I, consumer, and residential mortgage. BayFirst targets small businesses and local professionals, arguing it competes on speed and local decision-making versus large national and regional banks. BayFirst generates revenue primarily through net interest income — earning interest on loans and investments, and paying interest on deposits — with a NIM of roughly 3.58% at year-end 2025. BayFirst recently exited its nationwide SBA 7(a) lending business, which had generated gain-on-sale revenue by originating government-guaranteed loans and selling the guaranteed portion on the secondary market. Management exited the business citing credit risk from retained unguaranteed portions, which have produced substantial losses. BayFirst sold a large portion of the SBA 7(a) portfolio to Banesco USA and is winding down the remainder, with $171.6M of unguaranteed balances remaining at year-end 2025. Going forward, BayFirst is focused on growing organic, relationship-based deposits to reduce funding costs, expanding treasury management and merchant services to deepen business relationships, and improving credit quality as the legacy SBA portfolio runs off.