Welcome to our dedicated page for Baycom news (Ticker: BCML), a resource for investors and traders seeking the latest updates and insights on Baycom stock.
BayCom Corp operates as the bank holding company for United Business Bank, a community banking institution that serves businesses, business owners and individual consumers. The bank offers deposit accounts, personal and business banking, loans, online banking, cash management and business savings services, with activity reported as a single banking operations segment.
Company updates commonly center on quarterly earnings, net interest income, provision for credit losses, noninterest income and expense trends, and regulatory capital status at the bank. Other recurring developments include cash dividend declarations on common stock, board and executive leadership changes, and corporate strategy updates tied to BayCom's acquisition-driven banking history.
BayCom Corp (NASDAQ: BCML), the parent company of United Business Bank, announced a quarterly cash dividend of $0.10 per share, payable on July 11, 2024, to shareholders of record by June 13, 2024.
Additionally, the company introduced its ninth stock repurchase program, allowing for the buyback of up to 560,000 shares, approximately 5% of its outstanding shares, over a one-year period. This new program will start after the completion of the existing stock repurchase program, which will expire on April 21, 2025, or earlier if all shares are repurchased.
The buyback strategy will involve open market purchases, privately-negotiated transactions, and block purchases, adhering to federal securities laws. However, the repurchase program does not obligate the company to buy a specific number of shares and can be altered at any time.
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