Baycom Q1 2023 Earnings Report

Reported earnings of $7.0 million, with EPS of $0.55, and an annualized net interest margin of 4.26%.

Key Takeaways

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.

Net income increased by 8.6% compared to Q1 2022, reaching $7.0 million.

Annualized net interest margin was 4.26%, compared to 3.63% in Q1 2022.

Annualized return on average assets was 1.11%, compared to 0.98% in Q1 2022.

Nonperforming loans totaled $13.1 million, representing 0.64% of total loans.

Total Revenue

$27.7M

Previous year: $26.8M