Bay Commercial Bank (BCML) Tops Q3 Earnings and Revenue Estimates

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]