Overview

• Bank holding company's Q4 net income rose 12% yr/yr

• Net interest income for Q4 increased by $1.6 mln from the prior quarter

• Company repurchased 29,111 shares at $27.75 each during Q4

Outlook

• BayCom expects continued demand for lending and stable credit quality in 2026

• BayCom remains committed to share repurchases and cash dividends

Result Drivers

• NET INTEREST INCOME - Increase in net interest income due to higher interest income on loans and lower interest expense on subordinated debt and deposits

• CREDIT LOSS PROVISION - Significant decrease in provision for credit losses contributed to higher net income

• NONINTEREST INCOME DECLINE - Decrease in noninterest income due to changes in equity securities valuations

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for BayCom Corp is $32.00, about 7.3% above its January 21 closing price of $29.83

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBw7Brpbpa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)