Baycom Earnings Reports

BayCom Corp maintained stable earnings supported by increased noninterest income and lending activity, though impacted by a dip in net interest income and higher credit loss provisions.

BayCom Corp reported a net income of $6.1 million, or $0.55 per diluted common share, for the fourth quarter of 2024. The results reflect new lending activities and improvement in the net interest margin. The company is optimistic about continuing demand for lending and improving bank valuations in 2025.

BayCom Corp reported earnings of $6.0 million, or $0.54 per diluted common share, for the third quarter of 2024. Net income increased by 7.4% compared to the second quarter of 2024, primarily due to increases in net interest income and noninterest income. The company's net interest margin has stabilized, loan demand has started to recover, and credit quality remains strong.

BayCom Corp reported net income of $5.6 million, or $0.50 per diluted common share, for the second quarter of 2024. The results reflect a decrease compared to the previous quarter and the same quarter last year, primarily due to a decrease in net interest income.

BayCom Corp reported first quarter earnings of $5.9 million, or $0.51 per diluted common share. The results reflect ongoing challenges from 2023, such as increased deposit costs and reduced loan demand, but the company's financial condition remained strong with stable earnings.

BayCom Corp reported Q4 2023 earnings of $6.4 million, or $0.55 per diluted common share. The results were lower compared to both the previous quarter and the same quarter last year, primarily due to decreased net interest income and increased provision for credit losses. Despite these challenges, the company's financial condition remains strong.

BayCom Corp reported net income of $6.6 million, or $0.56 per diluted common share, for Q3 2023. The financial performance remained resilient despite challenges in the banking industry, with stable financial indicators including a net interest margin exceeding 4.0% and a return on assets surpassing 1.0%.

BayCom Corp reported second quarter earnings of $7.2 million, or $0.59 per diluted common share. The company saw an increase in net income compared to the first quarter of 2023, primarily due to a decrease in provision for credit losses. However, this was partially offset by a decrease in net interest income and noninterest income.

BayCom Corp reported first quarter earnings of $7.0 million, or $0.55 per diluted common share. The company's annualized net interest margin was 4.26%, and the annualized return on average assets was 1.11%. Total assets remained steady at $2.5 billion, and loans totaled $2.0 billion.

BayCom Corp reported net income of $8.1 million, or $0.62 per diluted common share, for the fourth quarter of 2022. The increase in net income was primarily driven by a rise in net interest income.

BayCom Corp reported strong third-quarter earnings, driven by higher yields on interest-earning assets and increased revenue from gain on sale of SBA Loans. The company's net income increased by 33.6% compared to the same quarter last year, and annualized net interest margin was 3.99%.

BayCom Corp reported second quarter earnings of $5.2 million, or $0.38 per diluted common share. The financial results were encouraging during the second quarter of 2022, other than an increase in provision for loan losses primarily related to one partial loan charge-off.

BayCom Corp reported a net income of $5.4 million, or $0.51 per diluted share, for the fourth quarter of 2021. This is consistent with the earnings reported for the third quarter of 2021 and an increase compared to the $4.5 million reported for the fourth quarter of 2020. The company's net interest margin was 3.41% for the quarter, and the return on average assets was 0.92%.

BayCom Corp reported third quarter earnings of $5.4 million, or $0.51 per diluted share. The company's financial results continued the positive trend from the previous quarter, with improving business activity and a strong loan pipeline.

BayCom Corp reported net income of $5.3 million, or $0.49 per diluted share, for the second quarter of 2021. The company benefited from participation in funding PPP loans and reversal of provision for loan losses.

BayCom Corp reported first quarter earnings of $4.5 million, or $0.40 per diluted share, which is consistent with the prior quarter and an increase compared to the same period last year.

BayCom Corp reported earnings of $4.5 million, or $0.39 per diluted share, for the fourth quarter of 2020. The results were impacted by the COVID-19 pandemic and lower interest rates. However, net income increased compared to the prior quarter due to a rise in noninterest income and a decrease in noninterest expense and provision for loan losses.

BayCom Corp reported third-quarter earnings of $3.2 million, or $0.27 per diluted share, which is an increase compared to the second quarter of 2020 but a decrease compared to the third quarter of 2019. The results reflect the ongoing impact of the COVID-19 pandemic and acquisition-related activities.

BayCom Corp reported second quarter earnings of $3.1 million, or $0.26 per diluted share. The results reflect the impact of the COVID-19 pandemic, which led to a substantial reduction in business activity. Despite these challenges, net income increased due to a rise in net interest income and a decrease in noninterest expense.

BayCom Corp reported earnings of $2.8 million, or $0.23 per diluted share, for the first quarter of 2020. The results reflect the impact of the COVID-19 pandemic, which led to reduced business activity and business closures in the states where BayCom operates. The company also completed its merger with Grand Mountain Bank during the quarter.

BayCom Corp reported earnings of $4.6 million, or $0.39 per diluted share, for the fourth quarter of 2019. The results were impacted by acquisition-related expenses, particularly from the TIG Bancorp acquisition. The company completed the acquisition of First State Bank of Colorado during the quarter, expanding its geographic footprint.