Baycom Corp Stock Price, News & Analysis

BayCom Corp (NASDAQ:BCML) confirms the strong capital and liquidity positions of its subsidiary, United Business Bank. The Bank has access to $1.1 billion in liquidity from various sources, including its borrowing capacity at the Federal Home Loan Bank and eligibility for the new Bank Term Funding Program by the Federal Reserve. President George Guarini highlighted the Bank’s diversified business model and reported an increase in total deposits since year-end. The Bank's capital is well above regulatory thresholds, supporting continued transaction processing and loan funding to clients.

BayCom Corp (NASDAQ: BCML) has announced a quarterly cash dividend of $0.10 per share, doubling the previous $0.05 dividend declared on November 16, 2022. This dividend will be paid on April 14, 2023, to shareholders of record by March 10, 2023. The company, operating through its subsidiary United Business Bank, provides various financial services across California, Washington, New Mexico, and Colorado. The dividend increase reflects the company's commitment to returning value to its shareholders and signifies confidence in its ongoing financial health.

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.

BayCom Corp (NASDAQ: BCML) has declared a quarterly cash dividend of $.05 per share, payable on January 13, 2023 to shareholders of record as of December 16, 2022. This decision reflects the company's commitment to returning value to shareholders and underscores its ongoing financial health. The announcement comes amidst a backdrop of forward-looking statements cautioning that actual future results may differ due to various risks and uncertainties.

BayCom Corp (NASDAQ: BCML) announced its sixth stock repurchase program, allowing for the buyback of up to 645,000 shares, approximately 5% of its outstanding shares. This program follows the completion of the fifth repurchase program, which successfully repurchased 747,000 shares. The initiative aims to return value to shareholders and supports long-term growth strategies. Share repurchases are expected to start immediately, contingent on various market factors. The company's commitment to regular dividends and share buybacks reflects its strategy to optimize capital management.

BayCom Corp (NASDAQ: BCML) reported earnings of $7.2 million, or $0.54 per diluted share, for Q3 2022, up from $5.2 million in Q2 2022. Year-to-date earnings reached $18.9 million, a 24.1% increase from the prior year. The company's net interest income rose to $24.7 million, a 39.4% increase year-over-year, driven by higher yields on loans. However, nonperforming loans increased to $19.7 million, or 0.99% of total loans. The annualized net interest margin improved to 3.99%, supported by rising interest rates.

BayCom Corp (NASDAQ: BCML) has declared a quarterly cash dividend of $.05 per share. This dividend will be payable on October 14, 2022, to shareholders of record at the close of business on September 16, 2022. This decision reflects the company's ongoing commitment to returning value to its shareholders and indicates confidence in its financial stability.

BayCom Corp (NASDAQ: BCML) reported second-quarter 2022 earnings of $5.2 million, or $0.38 per diluted share, down from $6.5 million, or $0.51 per share in Q1 2022. Year-to-date earnings rose to $11.7 million, equal to $0.89 per share, a 19% increase from 2021. The decline in Q2 earnings stemmed from a $2.6 million rise in loan loss provisions and a $2.4 million dip in noninterest income, despite a $814,000 increase in net interest income. The bank's assets were $2.7 billion, with a net interest margin of 3.59%. Management continues stock repurchases and a cash dividend of $0.05 per share was declared.

BayCom Corp (NASDAQ: BCML) announced a quarterly cash dividend of $0.05 per share on its outstanding common stock. This dividend will be paid on July 15, 2022 to shareholders on record as of June 17, 2022. The announcement reflects the company's ongoing commitment to returning value to its shareholders, although future performance may be subject to various risks and uncertainties. BayCom cautions that forecasts may differ from actual results due to factors outlined in its Annual Report for the year ended December 31, 2021.