Quarterly ResultApr 23, 2026, 04:51 PM
BayCom Corp Q1 2026 Earnings Rise to $8.2M, EPS $0.75
AI Summary
BayCom Corp reported strong first-quarter 2026 earnings of $8.2 million, or $0.75 per diluted common share, marking a significant increase from $6.9 million ($0.63 EPS) in Q4 2025 and $5.7 million ($0.51 EPS) in Q1 2025. The 19.3% sequential increase in net income was primarily driven by a favorable $920,000 change in the provision for credit losses, a $660,000 rise in noninterest income, and a $191,000 increase in net interest income, partially offset by higher noninterest expenses.
Key Highlights
- Q1 2026 earnings reached $8.2 million.
- Diluted EPS for Q1 2026 was $0.75.
- Net income increased 19.3% sequentially from Q4 2025.
- Favorable change in credit loss provision was $920,000.
- Noninterest income grew by $660,000.