BayCom Corp Reports 2025 Second Quarter Earnings

BayCom Corp, the holding company for United Business Bank, has released its financial results for the second quarter of 2025. The company reported earnings of $6.4 million, or $0.58 per diluted common share, marking an increase from the previous quarter and the same period last year.

Financial Highlights

For the second quarter of 2025, BayCom Corp reported a net income of $6.4 million, up from $5.7 million in the first quarter of 2025 and $5.6 million in the second quarter of 2024. The earnings per diluted common share were $0.58, compared to $0.51 in the previous quarter and $0.50 in the same quarter last year. The net interest income increased by $280,000 from the prior quarter and $865,000 from the same quarter last year, reaching $23.2 million.

Business and Operational Highlights

BayCom Corp's total assets remained steady at $2.6 billion as of June 30, 2025. Loans, net of deferred fees, totaled $2.0 billion, consistent with the previous quarter and up from $1.9 billion a year ago. Nonperforming loans increased to $16.4 million, or 0.82% of total loans, compared to $10.0 million, or 0.51% of total loans, in the previous quarter.

Strategic Initiatives and Corporate Developments

During the second quarter of 2025, BayCom Corp repurchased 148,450 shares of common stock at an average cost of $25.88 per share. The company also declared a cash dividend of $0.20 per share, which was paid on July 10, 2025. The Bank remained a "well-capitalized" institution for regulatory capital purposes.

Management's Perspective

George Guarini, President and CEO, highlighted the positive trend in financial results, supported by new lending activity and deposit growth. He emphasized the company's strong financial metrics and resilience, noting no signs of systemic credit weakness. Guarini expressed cautious optimism about future economic conditions and reiterated the company's focus on managing operating expenses and maintaining strong credit discipline.

Future Outlook

Looking ahead, BayCom Corp remains committed to strategic share repurchases and cash dividends, aiming to deliver long-term value to clients and shareholders. The company continues to monitor economic conditions closely and adjust its strategies accordingly.

SEC Filing: BayCom Corp [ BCML ] - 8-K - Jul. 17, 2025