BayCom Corp Reports Q3 Net Income of $5.0 Million

Reuters
2025/10/24
BayCom Corp Reports Q3 Net Income of $5.0 Million

BayCom Corp reported net income of $5.0 million for the third quarter of 2025, compared to $6.4 million in the second quarter of 2025 and $6.0 million in the third quarter of 2024. Shareholders' equity increased by $12.6 million from September 30, 2024, mainly due to growth in retained earnings. For the nine months ended September 30, 2025, net income decreased by $421,000, or 2.4%, compared to the same period in 2024, reflecting a $2.2 million increase in provision for credit losses and a $1.1 million decrease in noninterest income, partially offset by a $1.9 million increase in net interest income, a $468,000 decrease in noninterest expense, and a $468,000 decrease in provision for income taxes. Noninterest expense for the third quarter increased primarily due to a $599,000 rise in salaries and wages and a $65,000 increase in data processing expense, offset by a $726,000 decrease in other expense and a $66,000 decrease in occupancy and equipment expense. Additionally, $400,000 in excess funds from a loss reserve account under the California Capital Access Program were returned to the bank during the quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BayCom Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251023245203) on October 23, 2025, and is solely responsible for the information contained therein.

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