BayCom Corp Q2 2023 net income $7.2M ($0.59 EPS), flat QoQ; NIM down to 4.02%

BayCom Corp

2023-Q2 EPS reported $1.16

Net income $7.2M vs $7.2M Q1 2023 and $3.9M Q2 2022; diluted EPS $0.59 vs $0.57 and $0.29.
Net interest margin 4.02% (Q1 2023: 4.26%, Q2 2022: 3.59%) on higher deposit costs.
Loans $2.0B (flat); deposits $2.1B (flat QoQ), noninterest-bearing deposits down to 30.9%.
Repurchased 543,955 shares at avg $16.71 during Q2; 133,960 remaining under repurchase plan.
Allowance credit losses reversed $1.3M in Q2; nonperforming loans stable at 0.64% of loans.

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 0.9

BayCom Corp reported financial results for the quarter and six month period ended June 30, 2023.

Period: the quarter and six month period ended June 30, 2023
Result: reported results

Exact text from the filing

On July 26, 2023, BayCom Corp issued its earnings release for the quarter and six month period ended June 30, 2023.

View on SEC.gov

Browse all earnings releases →

BayCom Corp filing history →

Source: SEC EDGAR

accession 0001730984-23-000070

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.