secwatch.observer — SEC 8-K summary
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Issuer:     BayCom Corp (BCML)
CIK:        0001730984
Form:       8-K
Filed at:   2026-07-23T20:05:54+00:00
Accession:  0001730984-26-000066
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1730984/000173098426000066/0001730984-26-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1730984/000173098426000066/bcml-20260723x8k.htm
  HTML page:      https://secwatch.observer/filing/0001730984-26-000066

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