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Sep 30, 2022
Baycom Q3 2022 Earnings Report
Reported earnings of $7.2 million, with an EPS of $0.54, driven by higher yields on interest-earning assets and increased revenue from SBA loan sales.
Key Takeaways
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%.
Earnings for the third quarter of 2022 were $7.2 million, or $0.54 per diluted common share.
Annualized net interest margin was 3.99% for the current quarter.
Annualized return on average assets was 1.11% for the current quarter.
Assets totaled $2.5 billion at September 30, 2022.
Forward Guidance
The asset sensitivity of our balance sheet should continue to contribute to future earnings in a rising interest rate environment.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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