---
schema_version: "secwatch.filing_event.v1"
accession: "0001730984-24-000013"
form_type: "8-K"
ticker: "BCML"
cik: "0001730984"
company_name: "BayCom Corp"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:24:03.551230+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BayCom Q4 net income $6.4M ($0.55 EPS), down YoY; NIM compresses to 3.86%

## Summary
- Q4 2023 net income $6.4M ($0.55 EPS), down 16% YoY; net interest income $23.5M (-11.1% YoY).
- NIM compressed to 3.86% from 4.40% a year ago; provision for credit losses surged to $2.3M from $617k.
- Loans declined to $1.9B; deposits stable at $2.1B; nonperforming loans improved to 0.67% of loans.
- Allowance for credit losses increased to 1.14% of loans from 0.94% a year ago; $150k net charge-offs.
- CEO says results underperformed expectations; cites deposit cost pressure, loan demand weakness, credit quality deterioration.

## SEC filing metadata
- accession: 0001730984-24-000013
- form_type: 8-K
- ticker: BCML
- cik: 0001730984
- company_name: BayCom Corp
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1730984/000173098424000013/0001730984-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1730984/000173098424000013/bcml-20240125x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001730984-24-000013
- JSON: https://secwatch.observer/filing/0001730984-24-000013.json
- Plain text: https://secwatch.observer/filing/0001730984-24-000013.txt

## Key facts
- Earnings Releases
  BayCom Corp reported the quarter and year ended December 31, 2023 results: net income $6.4 million, EPS $0.55 per diluted common share.
  - Period: the quarter and year ended December 31, 2023
  - Net income: $6.4 million
  - EPS: $0.55 per diluted common share
  - Result: reported results
  source text: On January 25, 2024, BayCom Corp issued its earnings release for the quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1730984/000173098424000013/0001730984-24-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.