NASDAQ$BCML
Baycom Corp · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Net income reached $5.6 million and EPS was $0.50.
BayCom Corp reported net income of $5.6 million, or $0.50 per diluted common share, for the second quarter of 2024. The results reflect a decrease compared to the previous quarter and the same quarter last year, primarily due to a decrease in net interest income.
- Annualized net interest margin was 3.69%.
- Annualized return on average assets was 0.87%.
- Assets totaled $2.6 billion.
- Nonperforming loans totaled $16.1 million, or 0.87% of total loans.
Headline financials
Revenue & EPS history
Baycom · Revenue · Quarterly
$23.8M
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; however, they believe the tide may be turning in loan demand and are positioning their lending platform accordingly. They remain vigilant in managing operating costs and remain committed to strategically repurchasing shares and paying cash dividends.
Tailwinds
- Positioning lending platform for potential increase in loan demand.
- Vigilant in managing operating costs.
- Committed to strategically repurchasing shares.
- Committed to paying cash dividends.
- Reinforcing dedication to delivering long-term value for clients and shareholders.
Headwinds
- Continued challenges in loan demand.
- Continued challenges in M&A prospects.
- Economic conditions in local market areas.
- Changes in the interest rate environment
- Impact of bank failures or adverse developments at other banks
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 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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