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].

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.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 rev ...

Bay Commercial Bank (BCML) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.17%. A quarter ago, it was expected that this company would post earnings of $0.56 per share when it actually produced earnings of $0.51, delivering a surprise of -8.93%.Over the last four quarters, the compa ...

Exhibit 99.1 Press Release BayCom Corp Reports 2024 Second Quarter Earnings of $5.6 Million WALNUT CREEK, CA, July 18, 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 $5.6 million, or $0.50 per diluted common share, for the second quarter of 2024, compared to earnings of $5.9 million, or $0.51 per diluted common share, for the first quarter of 2024 and $7.2 million, or $0.59 per diluted co ...

分组1 - BayCom Corp. announced its ninth stock repurchase program, authorizing the buyback of 0.56 million shares, which will commence after the current plan expires on April 21, 2025, or when all authorized shares are repurchased [1] - The company also declared a quarterly cash dividend of 10 cents per share, with a dividend yield of 1.96% based on the last closing price of $20.36 [1] - Over the past five years, BayCom has increased its quarterly dividend once, with a 100% increase announced in February 2023 [1] 分组2 - As of March 31, 2024, BayCom has a total debt of $72.2 million and cash and cash equivalents of $348.3 million, indicating a solid balance sheet and robust liquidity position [2] - The company has completed 10 acquisitions since 2010, with total assets of nearly $2.3 billion and total deposits of approximately $1.9 billion, supporting its growth strategy [2] - BayCom opened a new branch in Las Vegas last year to expand its regional footprint and support deposit and loan growth [2][3] 分组3 - Over the past six months, BayCom shares have decreased by 3.2%, while the industry has grown by 7.9% [5] - Currently, BayCom carries a Zacks Rank 5 (Strong Sell) [5] 分组4 - Other banks, such as WaFd, Inc. and TrustCo Bank Corp NY, have also announced new share repurchase programs, indicating a trend in the banking sector towards rewarding shareholders [6]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38483 BAYCOM CORP | --- | --- | --- | |----------------------------------------------------------------|---------------- ...

Bay Commercial Bank (BCML) came out with quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.93%. A quarter ago, it was expected that this company would post earnings of $0.57 per share when it actually produced earnings of $0.55, delivering a surprise of -3.51%.Over the last four quarters, the comp ...

[Q1 2024 Financial Performance](index=1&type=section&id=Q1%202024%20Financial%20Performance) [Performance Summary & Highlights](index=1&type=section&id=Performance%20Summary%20%26%20Highlights) BayCom Corp's Q1 2024 net income decreased to **$5.9 million**, driven by lower net interest income and contracting margins Q1 2024 Key Financial Results | Metric | Q1 2024 | Q4 2023 | Q1 2023 | | :--- | :--- | :--- | :--- | | Net Income | $5.9 million | $6.4 million | $7.2 million | | Diluted EPS | $0.51 | $0.55 | $0.57 | - The decrease in net income compared to Q4 2023 was mainly due to a **$1.1 million** drop in net interest income and a **$1.0 million** increase in noninterest expense, partially offset by a **$2.1 million** decrease in the provision for credit losses[2](index=2&type=chunk) Q1 2024 Performance Metrics | Performance Metric | Q1 2024 | Q4 2023 | Q1 2023 | | :--- | :--- | :--- | :--- | | Annualized Net Interest Margin | 3.72% | 3.86% | 4.26% | | Annualized Return on Average Assets | 0.92% | 1.00% | 1.14% | | Total Assets | $2.6 billion | $2.6 billion | $2.5 billion | | Total Loans, net | $1.9 billion | $1.9 billion | $2.0 billion | | Nonperforming Loans / Total Loans | 0.64% | 0.67% | 0.64% | - The company repurchased **198,120 shares** of common stock at an average price of **$20.20** per share and declared a cash dividend of **$0.10** per share during the first quarter of 2024[6](index=6&type=chunk) [Management Commentary](index=1&type=section&id=Management%20Commentary) Management noted ongoing challenges from 2023, focusing on cost management, share repurchases, and dividends for shareholder value - Management noted that the financial results reflect ongoing challenges from 2023, specifically increased deposit costs and reduced loan demand[3](index=3&type=chunk) - The company remains committed to managing operating costs, strategically repurchasing shares, and providing cash dividends to enhance long-term value for shareholders[3](index=3&type=chunk) [Earnings Analysis](index=2&type=section&id=Earnings%20Analysis) Earnings were impacted by contracting net interest income, lower credit loss provisions, decreased noninterest income, and higher noninterest expenses [Net Interest Income](index=2&type=section&id=Net%20Interest%20Income) Net interest income declined due to rising deposit costs outpacing asset yield increases, contracting the net interest margin Net Interest Income and Margin | Metric | Q1 2024 | Q4 2023 | Q1 2023 | | :--- | :--- | :--- | :--- | | Net Interest Income | $22.4 million | $23.5 million | $25.3 million | | Annualized Net Interest Margin | 3.72% | 3.86% | 4.26% | - The decrease in net interest income from the prior quarter was driven by lower interest income on loans and higher interest expense on deposits[8](index=8&type=chunk) - The average rate paid on interest-bearing liabilities increased to **2.40%** in Q1 2024, up from **2.21%** in Q4 2023 and **1.35%** in Q1 2023, reflecting rising market interest rates and increased competition for deposits[8](index=8&type=chunk)[13](index=13&type=chunk) - Net interest margin was negatively impacted as the increase in funding costs outpaced the increase in yields on interest-earning assets[14](index=14&type=chunk) [Provision for Credit Losses](index=4&type=section&id=Provision%20for%20Credit%20Losses) Provision for credit losses significantly decreased due to improved economic forecasts, despite replenishing allowance after net charge-offs Provision for Credit Losses | Period | Provision for Credit Losses | | :--- | :--- | | Q1 2024 | $252,000 | | Q4 2023 | $2.3 million | | Q1 2023 | $275,000 | - The relatively low provision in Q1 2024 was mainly for replenishing the allowance after net charge-offs of **$3.4 million** The provision was positively impacted by improvements in forecasted economic conditions, such as national unemployment and GDP[15](index=15&type=chunk)[16](index=16&type=chunk) [Noninterest Income](index=5&type=section&id=Noninterest%20Income) Noninterest income decreased quarter-over-quarter, primarily due to lower gains on equity securities and SBIC fund investment income Noninterest Income | Period | Noninterest Income | | :--- | :--- | | Q1 2024 | $2.1 million | | Q4 2023 | $2.7 million | | Q1 2023 | $1.6 million | - The quarter-over-quarter decrease was primarily due to a **$373,000** decrease in gain on equity securities and a **$188,000** decrease in income from an SBIC fund investment[17](index=17&type=chunk) [Noninterest Expense](index=5&type=section&id=Noninterest%20Expense) Noninterest expense increased sequentially, mainly driven by higher salaries and employee benefits due to prior period bonus accrual adjustments Noninterest Expense | Period | Noninterest Expense | | :--- | :--- | | Q1 2024 | $16.1 million | | Q4 2023 | $15.1 million | | Q1 2023 | $16.5 million | - The increase from the prior quarter was mainly driven by a **$1.1 million** rise in salaries and employee benefits, resulting from a downward adjustment to bonus accruals in Q4 2023[18](index=18&type=chunk) [Provision for Income Taxes](index=5&type=section&id=Provision%20for%20Income%20Taxes) Provision for income taxes and effective tax rate remained relatively stable quarter-over-quarter Provision for Income Taxes and Effective Tax Rate | Metric | Q1 2024 | Q4 2023 | Q1 2023 | | :--- | :--- | :--- | :--- | | Provision for Income Taxes | $2.3 million | $2.4 million | $2.8 million | | Effective Tax Rate | 27.9% | 27.3% | 28.2% | [Balance Sheet and Asset Quality](index=5&type=section&id=Balance%20Sheet%20and%20Asset%20Quality) Total assets remained stable at **$2.6 billion**, with a slight decrease in net loans and an increase in nonperforming loans, while deposits shifted to higher-costing accounts [Loans and Credit Quality](index=5&type=section&id=Loans%20and%20Credit%20Quality) Net loans decreased, while nonperforming loans and net charge-offs increased due to specific loan impairments Loans and Credit Quality Metrics | Metric | Mar 31, 2024 | Dec 31, 2023 | Mar 31, 2023 | | :--- | :--- | :--- | :--- | | Loans, net of deferred fees | $1.9 billion | $1.9 billion | $2.0 billion | | Nonperforming loans | $16.5 million | $13.0 million | $13.1 million | | Allowance for credit losses | $18.9 million | $22.0 million | $20.4 million | | Net charge-offs (for the quarter) | $3.4 million | $150 thousand | $315 thousand | - The increase in nonperforming loans from the prior quarter was mainly due to **six new loans totaling $7.3 million** being placed on non-accrual status[21](index=21&type=chunk) - Net charge-offs for Q1 2024 were significantly higher due to partial charge-offs of **two non-accrual loans ($2.9 million)** and write-offs of **five others ($435,000)** because of collateral shortfalls[24](index=24&type=chunk) [Deposits and Borrowings](index=7&type=section&id=Deposits%20and%20Borrowings) Total deposits remained stable, but a mix shift occurred from noninterest-bearing to higher-costing interest-bearing accounts Deposits and Noninterest-Bearing Mix | Metric | Mar 31, 2024 | Dec 31, 2023 | Mar 31, 2023 | | :--- | :--- | :--- | :--- | | Total Deposits | $2.1 billion | $2.1 billion | $2.1 billion | | Noninterest-bearing deposits | $630.0 million | $646.3 million | $705.9 million | | % of Noninterest-bearing | 29.4% | 30.3% | 33.2% | - The deposit mix shifted as interest-rate sensitive clients moved funds from noninterest-bearing accounts to higher-costing money market and time deposits[26](index=26&type=chunk) - The Bank has access to significant borrowing facilities, including from the FHLB and Federal Funds lines, with no outstanding advances at the end of the quarter[28](index=28&type=chunk) [Shareholders' Equity](index=7&type=section&id=Shareholders%27%20Equity) Shareholders' equity increased slightly, supported by net income offsetting share repurchases and cash dividends Total Shareholders' Equity | Metric | Mar 31, 2024 | Dec 31, 2023 | Mar 31, 2023 | | :--- | :--- | :--- | :--- | | Total Shareholders' Equity | $314.2 million | $312.9 million | $313.5 million | - The increase in shareholders' equity from the previous quarter reflects **$5.9 million** in net income, partially offset by **$4.0 million** in common stock repurchases and **$1.2 million** in cash dividends[30](index=30&type=chunk) - As of March 31, 2024, **161,632 shares** remained available for repurchase under the current stock repurchase plan[31](index=31&type=chunk) [Financial Statements & Non-GAAP Measures](index=12&type=section&id=Financial%20Statements%20%26%20Non-GAAP%20Measures) [Statements of Comprehensive Income](index=12&type=section&id=Statements%20of%20Comprehensive%20Income) The unaudited statement details Q1 2024 net income of **$5.9 million**, derived from **$22.4 million** net interest income after expenses Statements of Comprehensive Income (in thousands) | (In thousands) | Q1 2024 | Q4 2023 | Q1 2023 | | :--- | :--- | :--- | :--- | | Net Interest Income | $22,407 | $23,527 | $25,257 | | Provision for credit losses | $252 | $2,325 | $275 | | Noninterest income | $2,062 | $2,677 | $1,561 | | Noninterest expense | $16,071 | $15,074 | $16,529 | | **Net income** | **$5,877** | **$6,398** | **$7,191** | [Statements of Condition](index=13&type=section&id=Statements%20of%20Condition) The unaudited statement shows total assets of **$2.56 billion** as of March 31, 2024, supported by **$2.14 billion** in deposits and **$314.2 million** in equity Statements of Condition (in thousands) | (In thousands) | Mar 31, 2024 | Dec 31, 2023 | Mar 31, 2023 | | :--- | :--- | :--- | :--- | | Cash and cash equivalents | $348,332 | $307,539 | $197,538 | | Loans, net | $1,867,840 | $1,905,829 | $2,024,136 | | **Total Assets** | **$2,560,709** | **$2,551,960** | **$2,548,060** | | Total deposits | $2,142,907 | $2,132,750 | $2,127,769 | | **Total Liabilities** | **$2,246,474** | **$2,239,091** | **$2,234,588** | | **Total Shareholders' Equity** | **$314,235** | **$312,869** | **$313,472** | [Financial Highlights](index=14&type=section&id=Financial%20Highlights) Key performance ratios for Q1 2024 include an annualized return on average assets of **0.92%** and a Tier 1 leverage ratio of **13.41%** Key Financial Ratios | Ratio | Q1 2024 | Q4 2023 | Q1 2023 | | :--- | :--- | :--- | :--- | | Return on average assets (annualized) | 0.92% | 1.00% | 1.14% | | Return on average equity (annualized) | 7.44% | 8.26% | 9.06% | | Net interest margin (annualized) | 3.72% | 3.86% | 4.26% | | Efficiency ratio | 65.68% | 57.53% | 61.63% | | Book value per share | $27.62 | $27.09 | $25.19 | | Tier 1 leverage ratio — Bank | 13.41% | 13.08% | 13.26% | [Non-GAAP Financial Measures](index=15&type=section&id=Non-GAAP%20Financial%20Measures) The company reconciles GAAP to non-GAAP measures, showing tangible book value per share at **$23.89** and tangible equity to tangible assets at **10.79%** Non-GAAP Financial Measures (in thousands, except per share data) | (In thousands, except per share data) | Mar 31, 2024 | Dec 31, 2023 | Mar 31, 2023 | | :--- | :--- | :--- | :--- | | Total shareholders' equity (GAAP) | $314,235 | $312,869 | $313,472 | | less: Goodwill and other intangibles | $42,448 | $42,753 | $43,670 | | **Tangible equity (Non-GAAP)** | **$271,787** | **$270,116** | **$269,802** | | Tangible equity to tangible assets (Non-GAAP) | 10.79% | 10.76% | 10.77% | | Book value per share (GAAP) | $27.62 | $27.09 | $25.19 | [Other Information](index=9&type=section&id=Other%20Information) [About BayCom Corp](index=9&type=section&id=About%20BayCom%20Corp) BayCom Corp, via United Business Bank, offers comprehensive loan and deposit services across multiple states, listed on NASDAQ as BCML - The Company operates through its wholly owned subsidiary, United Business Bank, offering a full range of loans and deposit products to businesses across California, Washington, New Mexico, and Colorado[32](index=32&type=chunk) [Forward-Looking Statements](index=9&type=section&id=Forward-Looking%20Statements) This section contains a standard safe harbor statement, cautioning that forward-looking statements are subject to various economic and competitive risks - The release contains forward-looking statements that are subject to significant business, economic, and competitive uncertainties[33](index=33&type=chunk) - Key risk factors that could cause future results to differ include changes in the interest rate environment, inflation, potential recession, real estate market conditions, and competitive pressures[34](index=34&type=chunk)