BayCom Corp Announces 2026 Third Quarter Results
BayCom reported Q3 2026 net income of $1.1 million, or $0.10 per diluted share, swinging back from a $7.0 million loss in Q2 but well below the $5.0 million earned a year ago. The depressed results reflect deliberate one-time actions: a $6.8 million loss on selling $106.8 million of AFS securities repositioned into higher-yielding shorter-duration assets (a ~122 bps yield pickup), preferred equity sales, and staffing realignment costs. Underlying trends were strong: net interest margin expanded 16 bps to 4.11%, loans grew 3.7% to $2.2 billion, and deposits grew 5.6% to $2.3 billion with costs nearly flat at 1.57%.
Key figures
- Eps
- 0.1
- Nim
- 4.11%
- Net income
- 1145000
- Total loans
- $2.2 billion
- Nim change qoq
- +16 bps
- Total deposits
- $2.3 billion
- Loan growth qoq
- +3.7%
- Cost of deposits
- 1.57%
- Deposit growth qoq
- +5.6%
- Afs securities sold
- 106800000
- Net interest income
- 25560000
- Total capital ratio
- 14.52%
- Year ago net income
- 5007000
- Provision for credit losses
- 843000
- Redeployed yield improvement
- +122 bps
- Securities repositioning loss
- 6800000
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.