BayCom Corp reports Q2 2026 net loss of $7.0M; includes $10.5M severance costs

BayCom Corp

Net loss of $7.0M ($0.64 diluted EPS) vs. net income of $8.2M ($0.75) in Q1 2026 and $6.4M ($0.58) in Q2 2025.
Results include $10.5M in severance, accelerated equity vesting, and benefits from three senior executive departures.
Provision for credit losses of $5.2M driven by loan growth, higher reserves on certain loans, and $2.8M net charge-offs.
Total loans grew $64M (3.2%) in the quarter; average cost of deposits fell 7 bps to 1.56%.
Declared $0.30 per share cash dividend paid July 9, 2026; Total Capital ratio 14.87%.

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