BayCom Corp Q4 net income $8.1M ($0.62/share), up 48% YoY; net interest margin expands to 4.40%

BayCom Corp

2022-FY EPS reported $2.06

Q4 net income $8.1M ($0.62 diluted EPS) vs Q3 $7.2M ($0.54) and Q4 2021 $5.4M ($0.51); YoY increase of 48%.
Net interest margin (annualized) 4.40% in Q4 vs 3.99% prior quarter and 3.41% year ago.
Loans net of fees $2.0B, up $356M from Dec 2021; deposits $2.1B, stable QoQ.
Nonperforming loans $15.2M (0.75% of loans) vs $19.7M (0.99%) at Sep 30, 2022 and $6.9M (0.41%) a year ago.
Repurchased 236,985 shares at avg cost $18.60 in Q4.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

BayCom Corp reported the quarter and twelve month period ended December 31, 2022 results: net income $8.1 million, EPS $0.62 per diluted common share.

Period: the quarter and twelve month period ended December 31, 2022
Net income: $8.1 million
EPS: $0.62 per diluted common share
Result: reported results

Exact text from the filing

BayCom Corp issued its earnings release for the quarter and twelve month period ended December 31, 2022.

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Source: SEC EDGAR

accession 0001730984-23-000004

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