secwatch.observer — SEC 8-K summary
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Issuer:     BayCom Corp (BCML)
CIK:        0001730984
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0001730984-24-000039
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1730984/000173098424000039/0001730984-24-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1730984/000173098424000039/bcml-20240418x8k.htm
  HTML page:      https://secwatch.observer/filing/0001730984-24-000039

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