Zacks Rating and Earnings Estimate Revisions - Bay Commercial Bank (BCML) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting an upward trend in earnings estimates, which is a powerful force impacting stock prices [1] - The Zacks rating system tracks the Zacks Consensus Estimate, which is the consensus measure of EPS estimates from sell-side analysts for the current and following years [2] - The Zacks Rank system uses four factors related to earnings estimates to classify stocks into five groups, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [8] Earnings Estimate Revisions for Bay Commercial Bank - Bay Commercial Bank is expected to earn $2 06 per share for the fiscal year ending December 2024, representing a year-over-year change of -9 3% [9] - Over the past three months, the Zacks Consensus Estimate for Bay Commercial Bank has increased by 1 2% [9] Impact of Earnings Estimate Revisions on Stock Prices - Changes in a company's future earnings potential, as reflected in earnings estimate revisions, are strongly correlated with near-term stock price movements [5] - Institutional investors use earnings and earnings estimates to calculate the fair value of a company's shares, and their transactions of large amounts of shares lead to price movements [5] - Rising earnings estimates and the consequent rating upgrade for Bay Commercial Bank indicate an improvement in the company's underlying business, which should push the stock higher [6] Zacks Rank System and Market Performance - The Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its universe of over 4000 stocks, with only the top 5% receiving a 'Strong Buy' rating [10] - The placement of Bay Commercial Bank in the top 5% of Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term [11][12]

Core Viewpoint - BayCom Corp (BCML) has announced a 50% increase in its quarterly cash dividend to 15 cents per share, reflecting the company's commitment to enhancing shareholder wealth [1][2]. Group 1: Dividend and Share Repurchase - The new dividend will be paid on January 10, 2025, to shareholders of record on December 12, 2024 [1]. - BayCom has an ongoing share repurchase program, with 465,598 shares remaining as of September 30, 2024, indicating operational strength [2]. Group 2: Financial Performance - As of September 30, 2024, BayCom reported total debt of $72.3 million and cash and cash equivalents of $301.3 million, showcasing a solid balance sheet [3]. - The company has experienced earnings growth of 6.1% over the past five years, suggesting strong financial health [3]. Group 3: Growth Strategy - BayCom has pursued growth through strategic acquisitions, completing 10 since 2010, with total assets of nearly $2.56 billion and total deposits of approximately $2.14 billion [4]. - The opening of a new branch in Las Vegas aims to expand the company's regional footprint and support deposit and loan growth [4][5]. Group 4: Market Performance - Over the past six months, BayCom's shares have increased by 34.7%, slightly below the industry average rise of 38.7% [6].

Financial Position - As of September 30, 2024, the company had approximately $2.6 billion in total assets, $1.9 billion in total loans, $2.1 billion in total deposits, and $321.7 million in shareholders' equity[130]. - Total assets increased by $10.4 million, or 0.4%, to $2.6 billion as of September 30, 2024, primarily due to an increase in investment securities available-for-sale by $30.6 million, or 18.8%[142]. - Cash and cash equivalents decreased by $6.3 million, or 2.0%, to $301.3 million, mainly due to a $14.0 million decrease in federal funds sold and interest-bearing balances in banks[143]. - Total deposits increased by $3.7 million, or 0.2%, to $2.1 billion at September 30, 2024, compared to December 31, 2023[175]. - The Bank had an available borrowing capacity of $512.7 million with the FHLB of San Francisco, with no borrowings outstanding as of September 30, 2024[232]. - BayCom Corp had liquid assets of $25.3 million as of September 30, 2024, to cover operating expenses and shareholder dividends[235]. Loan Portfolio - The total loan portfolio included $319.4 million, or 16.7%, of loans acquired through business combinations, while $1.6 billion, or 83.3%, consisted of loans originated or purchased not as part of a business combination[131]. - Total loans decreased by $12.0 million, or 0.6%, to $1.9 billion, attributed to $200.4 million in loan repayments and $14.0 million in loans sold, partially offset by $135.4 million in new loan originations[147]. - The commercial and industrial loan category increased by $11.6 million, or 7.1%, to $174.3 million, while residential loans rose by $17.2 million, or 20.1%, to $102.8 million[150]. - Acquired non-PCD loans totaled $151.6 million with a remaining net premium of $2.0 million, down from $187.7 million and a net premium of $2.1 million as of December 31, 2023[154]. - Acquired PCD loans amounted to $25.2 million with a remaining net non-credit discount of $1.6 million, compared to $27.5 million and a $1.8 million discount as of December 31, 2023[155]. - Modified loans to borrowers experiencing financial difficulty totaled $2.7 million as of September 30, 2024, down from $4.3 million at December 31, 2023[163]. Nonperforming Assets - Nonperforming assets, including nonperforming loans and other real estate owned, remained at zero as of September 30, 2024, consistent with December 31, 2023[156]. - As of September 30, 2024, nonperforming loans totaled $9.7 million, or 0.51% of total loans, down from $13.0 million, or 0.67% at December 31, 2023[157]. - The decrease in nonperforming loans was primarily due to the sale of three nonaccrual loans totaling $8.1 million and the pay-off of two non-accrual loans totaling $460,000 during Q3 2024[157]. - The total nonaccrual loans were $9.7 million as of September 30, 2024, down from $12.977 million at December 31, 2023[164]. - Nonperforming assets to total assets ratio was 0.38% as of September 30, 2024, down from 0.51% at December 31, 2023[164]. Income and Expenses - Net income for the three months ended September 30, 2024, was $6.0 million, a decrease of $613,000 or 9.2% compared to the same period in 2023[185]. - Basic and diluted earnings per share for the three months ended September 30, 2024, were $0.54, down from $0.56 in the same period in 2023[185]. - Interest income for the three months ended September 30, 2024, was $33.4 million, an increase of $596,000 or 1.8% compared to the same period in 2023[188]. - Interest income on loans decreased by $997,000, or 3.7%, to $26.2 million for the three months ended September 30, 2024[189]. - Noninterest income increased by $1.1 million, or 66.0%, to $2.7 million for the three months ended September 30, 2024, compared to $1.7 million for the same period in 2023[222]. - Noninterest expense decreased by $445,000, or 2.7%, to $16.1 million for the three months ended September 30, 2024, compared to $16.5 million for the same period in 2023[225]. - The provision for income taxes decreased by $366,000, or 13.9%, to $2.3 million for the three months ended September 30, 2024, due to lower taxable income[227]. Interest Income and Expense - Interest income on investment securities increased by $689,000, or 40.4%, to $2.4 million for the three months ended September 30, 2024[191]. - Interest expense increased by $10.2 million, or 51.6%, to $30.0 million for the nine months ended September 30, 2024, compared to $19.8 million for the same period in 2023[206]. - Net interest income decreased by $6.8 million, or 9.1%, to $67.6 million for the nine months ended September 30, 2024, compared to $74.3 million for the same period in 2023[211]. - The average rate paid on interest-bearing liabilities increased to 2.52% for the nine months ended September 30, 2024, compared to 1.75% for the same period in 2023[206]. - The annualized net interest margin decreased to 3.72% for the nine months ended September 30, 2024, compared to 4.12% for the same period in 2023[213]. Capital and Shareholder Returns - Shareholders' equity increased by $8.8 million to $321.7 million at September 30, 2024, primarily due to $17.5 million of net income earned[184]. - The Company declared a quarterly cash dividend of $0.10 per share, resulting in an average total dividend of approximately $1.1 million per quarter based on outstanding shares as of September 30, 2024[236]. - The Board of Directors authorized a new stock repurchase program for up to 560,000 shares, approximately 5.0% of the Company's outstanding common stock[239]. - As of September 30, 2024, the Bank was considered "Well Capitalized" under Federal Reserve regulations, with a Total Risk-Based Capital Ratio of 19.04%[240]. - The Bank's Common Equity Tier 1 capital exceeded the required capital conservation buffer as of September 30, 2024[243]. Strategic Growth and Acquisitions - The company has expanded its geographic footprint through ten strategic acquisitions since 2010, aiming for continued growth through both acquisitions and organic means[130]. - The company aims to continue pursuing strategic acquisitions in targeted market areas, which present varied acquisition opportunities[130]. Interest Rate Risk - The company is exposed to interest rate risk through its lending and deposit gathering activities[247]. - The results of operations are highly dependent on the company's ability to manage interest rate risk[247]. - Interest rate risk is considered a significant market risk that could materially affect the company's financial condition and results of operations[247]. - Interest rate risk is measured and assessed on a quarterly basis[247]. - There has not been a material change in the company's interest rate risk exposure since the 2023 Annual Report[247].

Core Viewpoint - Bay Commercial Bank (BCML) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on an upward trend in earnings estimates, which significantly influences stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of changing earnings estimates as a key driver of stock price movements, with a strong correlation established between earnings estimate revisions and near-term stock performance [4][6]. - Rising earnings estimates for Bay Commercial Bank suggest an improvement in the company's underlying business, which could lead to higher stock prices as investors respond positively to this trend [5][10]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7]. - The upgrade of Bay Commercial Bank to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [9][10]. Earnings Estimate Revisions for Bay Commercial Bank - For the fiscal year ending December 2024, Bay Commercial Bank is expected to earn $2.06 per share, reflecting a year-over-year decline of -9.3%. However, the Zacks Consensus Estimate has increased by 1.2% over the past three months, indicating a positive trend in earnings expectations [8].

Core Viewpoint - The article emphasizes the importance of identifying and maintaining trends in short-term investing, highlighting the utility of a "Recent Price Strength" screen to find stocks with strong fundamentals that can sustain upward momentum [1]. Group 1: Stock Performance - Bay Commercial Bank (BCML) has shown a solid price increase of 0.9% over the past 12 weeks, indicating investor confidence in its potential upside [2]. - The stock has maintained a price increase of 2.4% over the last four weeks, confirming that the upward trend is still intact [2]. - BCML is currently trading at 84.8% of its 52-week high-low range, suggesting it may be on the verge of a breakout [2]. Group 2: Fundamental Strength - BCML holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [3]. - The stock's Average Broker Recommendation is also 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [3]. Group 3: Investment Strategy - The article suggests that BCML is not the only stock that meets the criteria of the "Recent Price Strength" screen, encouraging investors to explore other stocks that fit this profile [4]. - It highlights the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can help identify potential winning stocks [4].

Company Performance - Bay Commercial Bank reported quarterly earnings of $0.54 per share, exceeding the Zacks Consensus Estimate of $0.47 per share, but down from $0.56 per share a year ago, representing an earnings surprise of 14.89% [1] - The bank's revenues for the quarter ended September 2024 were $25.61 million, surpassing the Zacks Consensus Estimate by 8.06%, but down from $26.46 million year-over-year [1] - Over the last four quarters, the company has surpassed consensus EPS estimates two times and revenue estimates two times [1] Market Performance - Bay Commercial Bank shares have increased by approximately 3.9% since the beginning of the year, compared to the S&P 500's gain of 22.5% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.47 on revenues of $23.6 million, and for the current fiscal year, it is $1.95 on revenues of $94.9 million [4] - The estimate revisions trend for Bay Commercial Bank is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [4] Industry Context - The Banks - West industry, to which Bay Commercial Bank belongs, is currently in the bottom 35% of over 250 Zacks industries, suggesting potential challenges for stock performance [5] - Hanmi Financial, another bank in the same industry, is expected to report quarterly earnings of $0.49 per share, reflecting a year-over-year decline of 21%, with revenues anticipated to be $59.23 million, down 10.4% from the previous year [5][6]

Exhibit 99.1 Press Release BayCom Corp Reports 2024 Third Quarter Earnings of $6.0 Million WALNUT CREEK, CA, October 17, 2024--(Business Wire) BayCom Corp ("BayCom" or the "Company") (NASDAQ: BCML), the holding company for United Business Bank (the "Bank" or "UBB"), announced earnings of $6.0 million, or $0.54 per diluted common share, for the third quarter of 2024, compared to earnings of $5.6 million, or $0.50 per diluted common share, for the second quarter of 2024 and $6.6 million, or $0.56 per diluted ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...

Investors in BayCom Corp (BCML) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $22.50 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean ...

Financial Position - As of June 30, 2024, the company had approximately $2.6 billion in total assets, $1.9 billion in total loans, $2.2 billion in total deposits, and $315.3 million in shareholders' equity[162]. - Total assets increased by $42.0 million, or 1.6%, to $2.6 billion as of June 30, 2024, primarily driven by a $83.7 million increase in cash and cash equivalents[174]. - Cash and cash equivalents rose by $83.7 million, or 27.2%, to $391.2 million, attributed to a $78.3 million increase in federal funds sold and interest-bearing balances[174]. - Total deposits increased by $42.3 million, or 2.0%, to $2.2 billion at June 30, 2024, from $2.1 billion at December 31, 2023[205]. - Shareholders' equity increased by $2.4 million to $315.3 million at June 30, 2024, from $312.9 million at December 31, 2023[212]. Loan Portfolio - The total loan portfolio included $343.5 million, or 18.4%, of acquired loans, while $1.5 billion, or 81.6%, consisted of originated loans[163]. - Total loans decreased by $63.6 million, or 3.3%, to $1.8 billion, resulting from $136.8 million in loan repayments and $4.7 million in loans sold[177]. - The real estate loan portfolio saw a total decrease of $55.5 million, or 3.2%, with notable declines in owner-occupied CRE loans by 6.5% and non-owner occupied CRE loans by 3.7%[180]. - The company experienced a decline in consumer loans by 18.4%, totaling $602,000 as of June 30, 2024[180]. - Nonperforming loans increased to $16.1 million, or 0.87% of total loans, as of June 30, 2024, up from $13.0 million, or 0.67% at December 31, 2023[185]. Interest Income and Expenses - Interest income for the three months ended June 30, 2024, was $32.4 million, an increase of $1.1 million or 3.7% from $31.3 million for the same period in 2023[217]. - Interest income on loans decreased by $1.7 million, or 6.2%, to $25.0 million for the three months ended June 30, 2024, from $26.7 million for the same period in 2023[218]. - Interest expense increased by $3.1 million, or 44.9%, to $10.1 million for the three months ended June 30, 2024, compared to $7.0 million for the same period in 2023[229]. - Interest income on investment securities increased by $488,000, or 28.8%, to $2.2 million for the three months ended June 30, 2024[220]. - Net interest income decreased by $2.0 million, or 8.1%, to $22.3 million for the three months ended June 30, 2024, compared to $24.3 million for the same period in 2023[239]. Credit Losses and Allowance - The company established an allowance for credit losses based on various factors, including historical experience and borrower repayment ability[168]. - The allowance for credit losses decreased by $3,000, or 13.6%, to $19.0 million[180]. - The allowance for credit losses for loans was $19.0 million, or 1.02% of total loans, as of June 30, 2024, down from $22.0 million, or 1.14% at December 31, 2023[196]. - Net charge-offs for the six months ended June 30, 2024, were $3.5 million, compared to $375,000 for the same period in 2023[198]. - Provision for credit losses for loans was $171,000 and $423,000 for the three and six months ended June 30, 2024, compared to reversals of $1.3 million and $985,000 for the same periods in 2023[252]. Noninterest Income and Expenses - Total noninterest income increased by $397,000, or 36.6%, to $1.5 million for the three months ended June 30, 2024, compared to $1.1 million for the same period in 2023[254]. - Noninterest income for the six months ended June 30, 2024, rose by $898,000, or 33.9%, to $3.5 million compared to $2.6 million for the same period in 2023[256]. - Total noninterest expense decreased by $545,000, or 3.3%, to $16.0 million for the three months ended June 30, 2024, compared to $16.6 million for the same period in 2023[258]. Capital and Dividends - The company declared a quarterly cash dividend of $0.10 per share, with an expected total dividend payment of approximately $1.1 million per quarter based on outstanding shares[272]. - A new stock repurchase program was announced for the repurchase of up to 560,000 shares, approximately 5.0% of the Company's outstanding common stock[273]. - The Bank maintained "Well Capitalized" status with a Total Risk-Based Capital Ratio of 18.97% as of June 30, 2024[279]. - The Common Equity Tier 1 Ratio for BayCom Corp was 14.29% as of June 30, 2024, exceeding the minimum requirement for "Well Capitalized" status[279]. Market and Interest Rate Risk - Interest rate risk is considered a significant market risk, with assessments conducted quarterly[283]. - The company is exposed to interest rate risk through its lending and deposit gathering activities[283]. - Interest rate risk is considered a significant market risk that could materially affect the company's financial condition and results of operations[283]. - The company measures and assesses interest rate risk on a quarterly basis[283]. - There has not been a material change in the company's interest rate risk exposure since the 2023 Annual Report[283].