NASDAQ$BCML

Baycom Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Net income decreased due to increase in provision for loan losses and a decrease in noninterest income, partially offset by an increase in net interest income and a decrease in noninterest expense.

BayCom Corp reported second quarter earnings of $5.2 million, or $0.38 per diluted common share. The financial results were encouraging during the second quarter of 2022, other than an increase in provision for loan losses primarily related to one partial loan charge-off.

  • Net income for the second quarter of 2022 was $5.2 million, or $0.38 per diluted common share.
  • Annualized net interest margin was 3.59% for the current quarter.
  • Assets totaled $2.7 billion at June 30, 2022.
  • Loans, net of deferred fees, totaled $2.0 billion at June 30, 2022.

Headline financials

Total Revenue

$25.2M

Previous: $20.2M+24.5%
EPS (adj)

$0.38

Previous: $0.49-22.4%
Net Interest Margin

3.6%

Previous: 3.3%+9.1%
Capital Expenditures

-$340K

Previous: -$703K+51.6%
Free Cash Flow

$4.88M

Previous: $4.61M+5.9%
Net Income

$5.22M

Previous: $5.31M-1.7%
Operating Income

$16.4M

Previous: $12.1M+35.4%
Gross Profit

$25.2M

Previous: $20.2M+24.5%
Cash & Equivalents

$355M

Previous: $469M-24.4%
Total Assets

$2.68B

Previous: $2.33B+14.7%
Stock-Based Comp

$232K

Previous: $351K-33.9%

Revenue & EPS history

Baycom · Revenue · Quarterly

$25.2M

Q2 2022+24.5%vs Q2 2021
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Baycom · $22.6M total across 2 segments · Q1 2020

  • Net Interest Income
    $20M+34.2%
  • Noninterest Income
    $2.6M+23.8%

Forward guidance

The company is encouraged by a strong loan pipeline going into the second half of the year and will continue to look for M&A opportunities to expand geographical market reach.

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 Q2 2022

Historical avgQ2 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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