NASDAQ$BCML

Baycom Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Net income increased driven by growth in noninterest income, partially offset by changes in provision for loan losses and noninterest expense.

BayCom Corp reported third quarter earnings of $5.4 million, or $0.51 per diluted share. The company's financial results continued the positive trend from the previous quarter, with improving business activity and a strong loan pipeline.

  • Earnings of $5.4 million, or $0.51 per diluted share
  • Annualized net interest margin was 3.17%
  • Annualized return on average assets was 0.92%
  • Assets totaled $2.4 billion

Headline financials

Total Revenue

$21.7M

Previous: $20.8M+4.4%
EPS (adj)

$0.51

Previous: $0.27+88.9%
Net Interest Margin

3.2%

Previous: 3.6%-11.7%
Capital Expenditures

-$1.09M

Previous: -$2.87M+61.9%
Free Cash Flow

$4.32M

Previous: $380K+1036.8%
Net Income

$5.41M

Previous: $3.25M+66.6%
Operating Income

$13.2M

Previous: $11.9M+11.0%
Gross Profit

$21.7M

Previous: $20.8M+4.4%
Cash & Equivalents

$444M

Previous: $320M+39.0%
Total Assets

$2.36B

Previous: $2.27B+4.1%
Stock-Based Comp

$326K

Previous: $385K-15.3%

Revenue & EPS history

Baycom · Revenue · Quarterly

$21.7M

Q3 2021+4.4%vs Q3 2020
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

Company is looking forward to closing merger with Pacific Enterprise Bank early in the first quarter of 2022.

Tailwinds

  • Improving level of business activity in our markets
  • Loan pipeline is strong going into the fourth quarter
  • Focus on growth through strategic acquisitions
  • Diversify our loan portfolio with seasoned loans
  • Expand our market areas

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 2021

Historical avgQ3 2021

-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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