secwatch.observer — SEC 8-K summary
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Issuer:     BayCom Corp (BCML)
CIK:        0001730984
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001730984-23-000070
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1730984/000173098423000070/0001730984-23-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1730984/000173098423000070/bcml-20230726x8k.htm
  HTML page:      https://secwatch.observer/filing/0001730984-23-000070

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