secwatch.observer — SEC 8-K summary
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Issuer:     BayCom Corp (BCML)
CIK:        0001730984
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001730984-23-000025
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BayCom Corp Q1 net income $7.0M ($0.55 EPS); net interest margin 4.26%
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- Net income of $7.0M, up 8.6% YoY from $6.5M; diluted EPS $0.55 vs $0.51 a year ago.
- Net interest income $25.3M, up 13% YoY; net interest margin 4.26% vs 3.63% a year ago.
- Deposits stable at $2.1B; noninterest bearing deposits fell to 33.2% from 37.1% in Q4 2022.
- Adopted CECL Jan 1, 2023; one-time $491K after-tax reduction to retained earnings.
- Declared $0.10/share cash dividend (paid April 14); repurchased 422,877 shares at avg $19.08.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1730984/000173098423000025/0001730984-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1730984/000173098423000025/bcml-20230420x8k.htm
  HTML page:      https://secwatch.observer/filing/0001730984-23-000025

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