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 (NASDAQ: BCML) is a California-incorporated bank holding company for United Business Bank, operating in the commercial banking industry. This news page aggregates press releases and announcements related to BayCom’s financial performance, capital actions, and corporate developments.
Recent BayCom news has focused on quarterly earnings results, dividend declarations, and capital management decisions. The company issues detailed earnings releases discussing net income, net interest income, noninterest income, provision for credit losses, net interest margin, return on average assets, loan and deposit balances, nonperforming loans, and the allowance for credit losses. These updates provide insight into how loan growth, deposit mix, funding costs, and credit quality affect BayCom’s results.
BayCom also regularly announces quarterly cash dividends on its common stock. Form 8-K filings dated February 20, 2025, May 21, 2025, August 21, 2025, and November 20, 2025 describe dividend declarations and per-share amounts, along with record and payment dates. In addition, the company has reported share repurchase activity in its earnings releases, noting the number of common shares repurchased and the average cost per share during several quarters.
Other news items include corporate and balance sheet actions, such as the August 15, 2025 announcement that BayCom would redeem all of its outstanding 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 using cash on hand, and updates on board composition, including the appointment of new holding company directors described in an October 17, 2024 press release.
Investors and observers following BCML news can use this page to review BayCom’s historical earnings announcements, dividend decisions, capital actions, and governance updates as disclosed in press releases and related SEC filings.
BayCom Corp (NASDAQ: BCML) reported first-quarter 2021 earnings of $4.5 million, or $0.40 per diluted share, unchanged from the prior quarter but up from $2.8 million, or $0.23 per diluted share, year-over-year. Key factors included a $1.9 million decrease in provision for loan losses and a $702,000 increase in income tax provision. Noninterest income fell by $831,000, while net interest income decreased by $217,000. The bank's total assets reached $2.3 billion, with nonaccrual loans at 0.62% of total loans. The bank resumed stock repurchases during the first quarter, reflecting a robust capital position.
BayCom Corp (NASDAQ: BCML) has announced a new stock repurchase program to buy back up to 560,000 shares, representing approximately 5% of its outstanding stock. The buyback, approved by the Board of Directors, will take place over one year through various purchasing methods compliant with regulations. This program reflects the Company’s commitment to enhancing shareholder value. The anticipated start date for the repurchases is February 23, 2021, and the actual repurchase activity will depend on market conditions and other factors.
BayCom Corp (NASDAQ: BCML) reported fourth-quarter 2020 earnings of $4.5 million ($0.39 per diluted share), up from $3.2 million in Q3 2020 but down from $4.6 million in Q4 2019. The annualized net interest margin decreased to 3.44% from 3.59% in Q3 2020. Full-year earnings fell to $13.7 million ($1.15 per share) from $17.3 million ($1.47 per share) in 2019, primarily due to increased provisions for loan losses and noninterest expenses, attributed to the COVID-19 pandemic. Total loans reached $1.6 billion, with a 0.51% nonaccrual loan rate. The company also repurchased shares as part of its capital management strategy.
BayCom Corp (NASDAQ: BCML) reported third-quarter 2020 earnings of $3.2 million ($0.27/share), up from $3.1 million in Q2 2020 but down from $5.6 million in Q3 2019. The results reflect COVID-19's impacts, with noninterest income rising by $526,000 but net interest income falling by $2 million. For the nine months ending September 30, 2020, net income decreased to $9.2 million from $12.7 million in the same period of 2019. The allowance for loan losses increased to $15.8 million, representing 0.93% of total loans. BayCom funded 1,359 PPP loans totaling $140.2 million.