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BayCom Corp (BCML) operates as a bank holding company for United Business Bank, offering a comprehensive range of financial services aimed at both businesses and individual consumers. With a mission centered around 'speed of execution', 'pride and appreciation', and 'impressive financial performance', BayCom Corp seeks to deliver exceptional value to its clients, employees, and investors.
BayCom Corp provides its services through full-service branches and loan production offices, specifically targeting small and medium-sized businesses, professional firms, real estate professionals, nonprofits, labor unions, and individual consumers. Its product offerings include deposit products, personal accounts, loans, online banking, cash management, and business savings services. This wide array of services is designed to meet the diverse financial needs of its clients, fostering growth and stability in the communities it serves.
The company prides itself on ensuring clients have direct access to decision-makers, facilitating informed and agile financial decisions that can propel their businesses forward. BayCom’s professional and knowledgeable staff are dedicated to providing top-notch service and forging strong, lasting relationships with clients.
Recent Achievements and Current Projects:
- Consistent financial performance with a focus on sustainable growth.
- Expansion of service offerings to include more comprehensive online banking solutions.
- Strategic partnerships with local businesses and community organizations to support economic development.
BayCom Corp is committed to maintaining a strong financial position, continually adapting to the evolving needs of its clients, and upholding its mission of delivering high-quality financial services with a personal touch.
BayCom Corp (NASDAQ: BCML) has announced its seventh stock repurchase program, authorizing the buyback of up to 619,000 shares, approximately 5% of its outstanding shares, over the next year. This program will start upon the completion of the current buyback set to expire on
BayCom Corp (NASDAQ: BCML) reported first-quarter 2023 earnings of $7.0 million ($0.55 per share), a 12.5% decline from the previous quarter, but an 8.6% year-over-year increase. Key factors influencing the results included a $1.2 million drop in net interest income, a $798,000 increase in the provision for credit losses, and increased noninterest expenses. Total deposits remained stable at $2.1 billion. The annualized net interest margin decreased to 4.26%, while the return on average assets fell to 1.11%. Nonperforming loans were $13.1 million, or 0.64% of total loans, an improvement from the previous quarter’s 0.75%. The company maintained a well-capitalized status and announced a cash dividend of $0.10 per share, reflecting ongoing shareholder returns amidst a turbulent banking environment.
BayCom Corp (NASDAQ:BCML) confirms the strong capital and liquidity positions of its subsidiary, United Business Bank. The Bank has access to
BayCom Corp (NASDAQ: BCML) has announced a quarterly cash dividend of $0.10 per share, doubling the previous $0.05 dividend declared on
BayCom Corp (NASDAQ: BCML) reported Q4 2022 earnings of $8.1 million, or $0.62 per diluted share, up from $7.2 million ($0.54/share) in Q3 2022 and $5.4 million ($0.51/share) in Q4 2021. Full-year earnings were $27 million ($2.06/share), a 30.5% increase from $20.7 million ($1.90/share) in 2021. Key factors included a $1.7 million rise in net interest income and a $577,000 decline in provisions for loan losses. However, noninterest income dropped by $1.2 million. The annualized net interest margin increased to 4.40%, reflecting improved return on assets and growth in loan portfolios despite rising market rates. Shareholders benefited from a cash dividend of $0.05 per share paid in January 2023.