BayFirst Financial Corp.

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Good morning, ladies and gentlemen, and welcome to Bay First Financial Corp. First Quarter 2026 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 need assistance, please press star zero for the operator. This call is being recorded on Friday, May 1st, 2026. I would now like to turn the conference over to the chairman of the board, Anthony Cervanos. Please go ahead.

Thank you, Joanna. Good morning, and thank you for joining our call today. With me is Scott McKim, our CFO, Robin Oliver, our COO, and I would like to introduce Al Rogers as the new chief executive officer and president of Bay First National Bank. We are announcing some exciting news regarding the future of BayFirst. First, we have raised $80 million of capital from investors through a private investment in a public equity offering. The company issued shares of convertible preferred stock in this pipe, which subject to shareholder and regulatory approvals, will convert to or be exchanged for approximately 22.9 million shares of common stock at an effective purchase price of $3.50 per share. We are announcing a rights offering for existing shareholders to participate in this capital raise and are scheduling a special shareholder meeting on July 14th. This successful capital raise reflects the trust our investors place in our institution and our long-term strategic direction. This has been a lengthy process over the past several quarters following the bank's exit from SBA 7a lending. I am extremely pleased to have Al join Robin, Scott, and all the Bay First team members to lead the company back to profitability and growth as a premier financial institution of Tampa Bay. We will hear more from Al in a few minutes. The Board of Directors have made additional decisions, including the appointment of Kenneth R. Lehman as a member of both boards. Al's appointment to the board of directors of the bank and as chief executive officer have received all necessary regulatory approvals. The appointment of Al as CEO and president of the holding company, as well as a director, is contingent upon receipt of regulatory non-objections. Ken Lehman's appointment to the Board of Directors of the holding company and the bank are also contingent upon receipt of regulatory non-objections. Finally, the Board of Directors have made the decision to resume dividend payments to our preferred shareholders and will formally redeem the Series A shares. Now I'm going to turn the call over to Scott, who will discuss the earnings report for the quarter and the impact of the capital raise.