secwatch.observer — SEC 8-K summary
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Issuer:     BayCom Corp (BCML)
CIK:        0001730984
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0001730984-23-000085
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BayCom Q3 earnings $6.6M, EPS $0.56; provision for credit losses rises to $674K
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- Net income $6.6M ($0.56 diluted) vs Q2 $7.2M ($0.59) and Q3 2022 $7.0M ($0.52).
- Net interest margin stable at 4.03% (annualized); net interest income $24.8M, up $528K QoQ.
- Provision for credit losses of $674K vs $1.3M reversal in Q2; allowance at 1.01% of loans.
- Nonperforming loans rose to $14.3M (0.73%) from $12.8M (0.64%), driven by a trust loan in litigation.
- Repurchased 239,649 shares at avg $18.86; $0.10 quarterly dividend paid Oct 13.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1730984/000173098423000085/0001730984-23-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1730984/000173098423000085/bcml-20231019x8k.htm
  HTML page:      https://secwatch.observer/filing/0001730984-23-000085

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