<div id="readability-page-1"><div>BayCom Corp, a prominent financial services company, has released its Form 10-Q report for the third quarter of 2025. The report provides a comprehensive overview of the company's financial performance and operational highlights for the period ending September 30, 2025. This summary captures the key financial metrics and business developments that have shaped the company's recent performance. Financial Highlights <ul><li>Total Interest and Dividend Income: $34.95 million for the three months ended September 30, 2025, reflecting an increase from $33.43 million in the same period of 2024, driven by higher interest income from loans.</li><li>Net Interest Income: $23.41 million for the three months ended September 30, 2025, compared to $22.87 million for the same period in 2024, indicating improved interest income performance.</li><li>Provision for Credit Losses: $2.97 million for the three months ended September 30, 2025, up from $1.25 million in the same period of 2024, reflecting adjustments for potential loan losses.</li><li>Net Income: $5.01 million for the three months ended September 30, 2025, down from $6.02 million in the same period of 2024, primarily due to increased provision for credit losses.</li><li>Basic Earnings Per Common Share: $0.46 for the three months ended September 30, 2025, compared to $0.54 for the same period in 2024, reflecting the decrease in net income.</li><li>Diluted Earnings Per Common Share: $0.46 for the three months ended September 30, 2025, consistent with the basic earnings per share, indicating no significant dilution effects.</li><li>Total Noninterest Income: $2.25 million for the three months ended September 30, 2025, compared to $2.75 million for the same period in 2024, due to lower gains on equity securities.</li><li>Total Noninterest Expense: $15.95 million for the three months ended September 30, 2025, slightly lower than $16.07 million in the same period of 2024, indicating effective cost management.</li><li>Income Before Provision for Income Taxes: $6.74 million for the three months ended September 30, 2025, down from $8.29 million in the same period of 2024, due to higher credit loss provisions.</li></ul> Business Highlights <ul><li>Loan Portfolio Growth: The company experienced growth in its loan portfolio, with total loans increasing to $2.04 billion as of September 30, 2025, compared to $1.95 billion at the end of 2024. This growth was primarily driven by increases in commercial real estate and residential loans.</li><li>Geographical Expansion: BayCom Corp has expanded its operations to 34 full-service banking branches across multiple states, including 16 locations in California, one in Nevada, one in Washington, five in New Mexico, and 11 in Colorado, as of September 30, 2025.</li><li>Nonaccrual Loans: There was an increase in nonaccrual loans, totaling $13.5 million at September 30, 2025, up from $9.2 million at December 31, 2024. This reflects borrower-specific credit deterioration, primarily within the commercial and industrial and commercial real estate portfolios.</li><li>Allowance for Credit Losses: The allowance for credit losses increased to $20.8 million as of September 30, 2025, from $17.9 million at the end of 2024, reflecting higher quantitative reserves and changes in the risk level of certain qualitative factors.</li><li>Lease Portfolio: The company leased 19 branches under noncancelable operating leases as of September 30, 2025, with lease terms extending through 2030. The weighted-average remaining lease term is 4.3 years.</li><li>Core Deposit Intangible: The core deposit intangible decreased to $1.9 million as of September 30, 2025, from $2.7 million at the end of 2024, due to amortization.</li><li>Future Outlook: The company is evaluating the impact of upcoming accounting standards and does not expect them to have a material effect on its consolidated financial statements. Additionally, the company anticipates full recovery of amortized cost with respect to its securities at maturity or sooner in the event of a more favorable market interest rate environment.</li></ul>SEC Filing: BayCom Corp [ BCML ] - 10-Q - Nov. 07, 2025</div></div>

BCML

BayCom Corp has released its Form 10-Q report for Q3 2025, highlighting key financial metrics. Total interest and dividend income rose to $34.95 million, while net income decreased to $5.01 million due to higher credit loss provisions. The loan portfolio grew to $2.04 billion, and nonaccrual loans increased to $13.5 million. The company expanded to 34 banking branches across several states. The allowance for credit losses rose to $20.8 million. Future outlook remains stable with no expected material impact from upcoming accounting standards.

BayCom Corp SEC 10-Q Report