NASDAQ$BCML

Baycom Corp · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

BayCom Corp reported earnings with an increase compared to the previous quarter, but a decrease compared to the same quarter last year, impacted by the COVID-19 pandemic and acquisition-related activities.

BayCom Corp reported third-quarter earnings of $3.2 million, or $0.27 per diluted share, which is an increase compared to the second quarter of 2020 but a decrease compared to the third quarter of 2019. The results reflect the ongoing impact of the COVID-19 pandemic and acquisition-related activities.

  • Net income increased by $130,000 compared to the prior quarter.
  • The company funded 1,359 PPP loans totaling $140.2 million through the conclusion of the PPP on August 8, 2020.
  • Loans modified related to COVID-19 totaled $78.1 million.
  • Assets totaled $2.3 billion at September 30, 2020.

Headline financials

Total Revenue

$20.8M

Previous: $19.9M+4.8%
EPS (adj)

$0.27

Previous: $0.46-41.3%
Net Interest Margin

3.6%

No prior period
Capital Expenditures

-$2.87M

Previous: -$704K-307.5%
Free Cash Flow

$380K

Previous: $4.86M-92.2%
Net Income

$3.25M

Previous: $5.56M-41.6%
Operating Income

$11.9M

Previous: -$49.7M+123.9%
Gross Profit

$20.8M

Previous: $19.9M+4.8%
Cash & Equivalents

$320M

Previous: $337M-5.1%
Total Assets

$2.27B

Previous: $1.77B+28.3%
Stock-Based Comp

$385K

Previous: $367K+4.9%

Revenue & EPS history

Baycom · Revenue · Quarterly

$20.8M

Q3 2020+4.8%vs Q3 2019
Beat estimate in 6 of 13 quarters(46%)
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 anticipates future results will be further impacted by the COVID-19 pandemic in a number of areas and will continue to proactively monitor modified loans and other loans at heightened risk.

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 Q3 2020

Historical avgQ3 2020

-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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