---
schema_version: "secwatch.filing_event.v1"
accession: "0001730984-24-000039"
form_type: "8-K"
ticker: "BCML"
cik: "0001730984"
company_name: "BayCom Corp"
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T19:09:24.489548+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BayCom Corp Q1 2024 earnings fall to $5.9M ($0.51/sh); NIM narrows to 3.72%

## Summary
- Net income of $5.9M ($0.51 diluted EPS) vs $6.4M ($0.55) in Q4 2023 and $7.2M ($0.57) in Q1 2023.
- Net interest margin declined to 3.72% from 3.86% QoQ and 4.26% YoY; loan average yield fell 1 bp.
- Nonperforming loans rose to $16.5M (0.64% of loans) from $13.0M at Dec 31, 2023.
- Provision for credit losses was $252k, down from $2.3M in Q4 2023; net charge-offs were $3.4M.
- Repurchased 198,120 shares at avg $20.20; declared $0.10/sh dividend paid April 12.

## SEC filing metadata
- accession: 0001730984-24-000039
- form_type: 8-K
- ticker: BCML
- cik: 0001730984
- company_name: BayCom Corp
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1730984/000173098424000039/0001730984-24-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1730984/000173098424000039/bcml-20240418x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001730984-24-000039
- JSON: https://secwatch.observer/filing/0001730984-24-000039.json
- Plain text: https://secwatch.observer/filing/0001730984-24-000039.txt

## Key facts
- Earnings Releases
  BayCom Corp reported the first quarter of 2024 results: net income $5.9 million, EPS $0.51 per diluted common share.
  - Period: the first quarter of 2024
  - Net income: $5.9 million
  - EPS: $0.51 per diluted common share
  - Result: reported results
  source text: BayCom Corp (“BayCom” or the “Company”) (NASDAQ: BCML), the holding company for United Business Bank (the “Bank” or “UBB”), announced earnings of $5.9 million, or $0.51 per diluted common share, for the first quarter of 2024, compared to earnings of $6.4 million, or $0.55 per diluted common share, for the fourth quarter of 2023 and $7.2 million, or $0.57 per diluted common share, for the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1730984/000173098424000039/0001730984-24-000039-index.htm

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