Quarterly ResultMay 11, 2026, 04:27 PM
BayCom Q1 Net Income $8.18M, EPS $0.75; Dividend $0.30
AI Summary
BayCom Corp reported a strong first quarter for 2026, with net income increasing significantly to $8.18 million and diluted earnings per share rising to $0.75. The company also saw a healthy increase in net interest income, driven by higher interest income and lower interest expense. Total assets and deposits grew quarter-over-quarter, while the company recorded a reversal of provision for credit losses.
Key Highlights
- Net income for Q1 2026 increased 43.5% to $8.18 million from $5.70 million in Q1 2025.
- Diluted EPS rose 47.1% to $0.75 in Q1 2026 from $0.51 in Q1 2025.
- Net interest income grew 10.1% to $25.20 million in Q1 2026 from $22.88 million in Q1 2025.
- A reversal of provision for credit losses of $0.67 million was recorded in Q1 2026.
- Cash dividends declared increased to $0.30 per share in Q1 2026 from $0.15 in Q1 2025.
- Total assets increased to $2.65 billion at March 31, 2026, from $2.59 billion at December 31, 2025.
- Deposits rose to $2.27 billion at March 31, 2026, from $2.21 billion at December 31, 2025.
- Loans, net decreased to $1.99 billion at March 31, 2026, from $2.05 billion at December 31, 2025.
Price Impact
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