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Mar 31, 2023
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.
Baycom
Baycom
Forward Guidance
The company did not provide any forward guidance.