BayCom falls 5% as Q3 net income drops 78%

BayCom (BCML.US) fell nearly 5% during regular trading to $30.43.

The company reported third-quarter 2026 net income of $1.1 million, down 78% from a year earlier, weighed down by $6.8 million in securities sale losses and higher operating expenses. Diluted earnings per share declined to $0.10, even as net interest income rose 9.2% to $25.6 million and net interest margin expanded to 4.11%.

BayCom said it has repositioned its investment portfolio to improve asset yields and expects to recoup the associated costs within three years. Loans and deposits grew sequentially in the quarter, though early-stage delinquencies increased.

Based on public media reports. AI-generated; not investment advice.