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
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Net Income | Miss | $6.86 mln | $7.21 mln (2 Analysts) |
Q4 Net Interest Income | $25.005 mln | ||
Q4 Loan Loss Provision | $250,000 |
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
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(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.)