secwatch.observer — SEC 8-K summary
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Issuer:     BayCom Corp (BCML)
CIK:        0001730984
Form:       8-K
Filed at:   2024-10-17T23:59:59+00:00
Accession:  0001730984-24-000082
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BayCom Corp Q3 net income $6.0M ($0.54 EPS) down 9.2% YoY; NIM stabilizes at 3.73%
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- Net income $6.0M ($0.54 diluted EPS) vs $5.6M QoQ and $6.6M YoY; net interest margin 3.73% (prior Q 3.69%, YoY 4.03%).
- Nonperforming loans fell to $9.7M (0.51% of loans) from $16.1M (0.87%) at June 30, 2024, after sales and charge-offs.
- Provision for credit losses was $1.2M in Q3 vs $171k in Q2, driven by economic forecasts and a $9.5M construction commitment.
- Loans, net of deferred fees, rose $47.9M from June 30 to $1.9B; deposits $2.1B, noninterest-bearing $618.3M (28.9%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1730984/000173098424000082/0001730984-24-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1730984/000173098424000082/bcml-20241017x8k.htm
  HTML page:      https://secwatch.observer/filing/0001730984-24-000082

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