Loading...
•
Dec 31, 2020
Baycom Q4 2020 Earnings Report
Baycom Corp reported fourth quarter earnings with net income impacted by the COVID-19 pandemic and lower interest rates, but saw an increase in noninterest income.
Key Takeaways
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.
Earnings for Q4 2020 were $4.5 million, or $0.39 per diluted share.
Net income increased by $1.3 million compared to the prior quarter.
Annualized net interest margin was 3.44% for the quarter.
Assets totaled $2.2 billion at December 31, 2020.
Forward Guidance
BayCom is ready to participate in the second round of the Paycheck Protection Program and working with clients that may require COVID-19 related loan modifications.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...