BayCom Corp Announces 2026 Second Quarter Results
BayCom Corp reported a second quarter net loss of $7.0 million, or $(0.64) per share, a sharp decline from the prior quarter's $8.2 million net income, primarily due to $10.5 million in one-time costs associated with executive departures and a $5.2 million provision for credit losses. Operational metrics remained resilient, with total loans increasing 3.2% to $2.1 billion and the average cost of deposits decreasing seven basis points to 1.56%, while nonperforming loans improved to 0.47% of total loans.
Key figures
- Total loans
- 2075229000
- Net charge offs
- 2800000
- Efficiency ratio
- 107.71%
- Dividend per share
- 0.3
- Net interest income
- 23728000
- Net interest margin
- 3.95%
- Noninterest expense
- 27158000
- Nonperforming loans
- 9800000
- Allowance for credit losses
- 23000000
- Provision for credit losses
- 5241000
AI analysis
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