earnings
confidence high
sentiment neutral
materiality 0.70
BayCom Q4 net income $6.1M, EPS $0.55; full-year EPS $2.10 vs $2.27
BayCom Corp
2024-FY EPS reported
$2.10
- Net interest income rose 3.1% QoQ to $23.6M; NIM 3.80%, up from 3.73% in Q3.
- Recorded $403K reversal of provision for credit losses vs $1.2M provision in Q3.
- Noninterest income plunged to $87K from $2.7M in prior quarter due to negative equity securities fair value adjustments.
- Nonperforming loans fell to $9.5M (0.48% of loans) from $13.0M (0.67%) a year ago.
- Cash dividend of $0.15 per share paid Jan 10, 2025; repurchased 1,500 shares at avg $24.28 in Q4.