secwatch.observer — SEC 8-K summary
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Issuer:     BayCom Corp (BCML)
CIK:        0001730984
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001730984-24-000060
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BayCom Corp Q2 net income $5.6M ($0.50 EPS) down 4.7% QoQ and 22.3% YoY
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- Net income $5.6M ($0.50 diluted EPS) vs $5.9M ($0.51) in Q1 2024 and $7.2M ($0.59) in Q2 2023.
- Net interest margin narrowed to 3.69% from 3.72% QoQ and 4.02% YoY; net interest income $22.3M.
- Nonperforming loans $16.1M (0.87% of loans); allowance for credit losses $19.0M (1.02%).
- Repurchased 204,794 shares at avg $20.17 in Q2; declared $0.10 dividend paid July 11.
- CEO cites low loan demand and stabilizing deposits; cautious optimism for H2 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1730984/000173098424000060/0001730984-24-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1730984/000173098424000060/bcml-20240718x8k.htm
  HTML page:      https://secwatch.observer/filing/0001730984-24-000060

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