BayCom Q3 net income $1.1M ($0.10/sh) vs $5.0M a year ago; repositioning cuts EPS by about $0.50

BayCom Corp

Net income $1.1M, or $0.10 per diluted share, vs $5.0M/$0.46 in Q3 2025 and a $7.0M loss/($0.64) in Q2 2026.
Sold $106.8M of available-for-sale securities at a $6.8M loss; proceeds redeployed into higher-yielding, shorter-duration securities, adding about 122 bps to yield.
Preferred equity sales of $7.8M and market moves produced a $589,000 loss; severance was $192,000. Management says actions cut Q3 EPS by about $0.50.
Deposits rose $122.3M (5.6%) to $2.3B; loans grew $77.2M (3.7%) to $2.2B; net interest margin 4.11%, up 16 bps QoQ and 43 bps YoY.
Average cost of deposits 1.57%, up 1 bp; classified assets fell $3.9M (11.1%) to $31.7M; Total Capital ratio 14.52%, CET1 13.39%, TCE 11.17%.

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