Baycom Q4 2024 Earnings Report
Key Takeaways
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.
Net income for Q4 2024 was $6.1 million, or $0.55 per diluted common share.
Annualized net interest margin was 3.80% for the current quarter.
Assets totaled $2.7 billion at December 31, 2024.
Loans, net of deferred fees, totaled $2.0 billion at December 31, 2024.
Baycom
Baycom
Forward Guidance
BayCom is optimistic for 2025, anticipating continued demand for lending and improved bank valuations, while remaining committed to enhancing shareholder value through share repurchases and cash dividends.
Positive Outlook
- Continuing demand for lending.
- Improving bank valuations.
- Enhancing shareholder value through share repurchases.
- Enhancing shareholder value through cash dividends.
- Continuing to provide exceptional value to clients and shareholders alike.