NASDAQ$BCML
Baycom Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported earnings of $5.9 million, with EPS of $0.51, amidst challenges including increased deposit costs and reduced loan demand.
BayCom Corp reported first quarter earnings of $5.9 million, or $0.51 per diluted common share. The results reflect ongoing challenges from 2023, such as increased deposit costs and reduced loan demand, but the company's financial condition remained strong with stable earnings.
- Net income was $5.9 million, or $0.51 per diluted share.
- Annualized net interest margin was 3.72%.
- Assets totaled $2.6 billion.
- Nonperforming loans represented 0.64% of total loans.
Headline financials
Revenue & EPS history
Baycom · Revenue · Quarterly
$24.5M
Revenue by segment
Baycom · $22.6M total across 2 segments · Q1 2020
- Net Interest Income$20M+34.2%88.5%
- Noninterest Income$2.6M+23.8%11.5%
Forward guidance
BayCom anticipates continued challenges in loan demand and M&A prospects for the remainder of 2024, but remains confident in navigating these uncertainties by managing operating costs and strategically repurchasing shares and providing cash dividends.
Tailwinds
- Hopeful for opportunities ahead.
- Confident in ability to navigate uncertainties.
- Vigilant in managing operating costs.
- Committed to strategically repurchase shares.
- Dedicated to delivering long-term value for clients and shareholders.
Headwinds
- Anticipate continued challenges in loan demand.
- Anticipate continued challenges in M&A prospects.
- Approach the remainder of 2024 with some reservation.
- Economic uncertainty remains.
- Increased deposit costs and reduced loan demand.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-0.1%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+2.3%
Avg return
30 days after
50%
27 / 54 earnings
Positive
+9.2%
Q4 2021
Best reaction
-8.7%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.3% | +1.2% | +6.7% | |
| Q4 2025 | -2.4% | -5.1% | +0.5% | |
| Q3 2025 | -0.7% | -1.1% | +6.1% | |
| Q2 2025 | -1.9% | -0.3% | +3.6% | |
| Q1 2025 | +0.1% | +3.5% | +3.6% | |
| Q4 2024 | +2.7% | +5.7% | +3.5% | |
| Q3 2024 | +0.0% | +0.4% | +11.4% | |
| Q2 2024 | -2.1% | +0.9% | -7.2% | |
| Q1 2024 | +1.3% | +1.4% | +5.0% | |
| Q4 2023 | +0.2% | +0.6% | -7.4% | |
| Q3 2023 | -0.3% | -2.6% | +6.8% | |
| Q2 2023 | +7.2% | +10.0% | +5.6% | |
| Q1 2023 | -4.3% | -5.5% | -6.7% | |
| Q4 2022 | +0.6% | +4.7% | +3.1% | |
| Q3 2022 | -3.8% | +1.6% | +2.4% | |
| Q2 2022 | -8.7% | -9.5% | -5.8% | |
| Q1 2022 | +1.5% | +0.4% | -5.0% | |
| Q4 2021 | +9.2% | +9.1% | +14.7% | |
| Q3 2021 | -0.5% | -0.4% | +4.3% | |
| Q2 2021 | +1.8% | +2.0% | -3.9% | |
| Q1 2021 | +0.8% | +1.0% | +2.6% | |
| Q4 2020 | +0.0% | -1.4% | +16.3% | |
| Q3 2020 | +2.4% | -3.3% | +23.4% | |
| Q2 2020 | -6.5% | -5.1% | -10.1% | |
| Q1 2020 | +1.4% | +16.6% | +9.0% | |
| Q4 2019 | +0.8% | +0.9% | -6.7% | |
| Q3 2019 | -2.5% | +0.7% | +3.9% | |
| Q2 2019 | +1.7% | +2.1% | -5.4% | |
| Q1 2019 | +0.9% | +7.2% | -3.9% | |
| Q4 2016 | -4.9% | -10.2% | -3.9% | |
| Q4 2018 | +0.5% | -2.5% | +6.6% | |
| Q3 2017 | -1.2% | +0.6% | -6.5% | |
| Q3 2018 | -5.9% | -5.3% | -0.9% | |
| Q4 2017 | +0.8% | +1.3% | -0.1% | |
| Q2 2017 | +0.8% | +1.3% | -0.1% | |
| Q2 2018 | +1.5% | +1.1% | +11.2% | |
| Q1 2017 | -0.2% | +3.5% | +1.5% | |
| Q1 2018 | +3.0% | +5.4% | +8.1% | |
| Q3 2016 | +0.1% | +0.0% | +0.0% | |
| Q2 2016 | +0.6% | +0.6% | +3.7% | |
| Q1 2016 | -0.3% | — | — | |
| Q4 2015 | +0.0% | — | — | |
| Q3 2015 | +0.0% | — | — | |
| Q2 2015 | +0.0% | — | — | |
| Q1 2015 | -0.3% | — | — | |
| Q4 2014 | -0.4% | — | — | |
| Q3 2014 | +0.8% | — | — | |
| Q2 2014 | +0.5% | — | — | |
| Q1 2014 | +0.4% | — | — | |
| Q4 2013 | +0.0% | — | — | |
| Q3 2013 | +0.0% | — | — | |
| Q2 2013 | +0.0% | — | — | |
| Q1 2013 | -0.6% | — | — | |
| Q4 2012 | +0.0% | — | — |
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