Buy Or Sell Opportunity • May 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.7% to US$29.84. The fair value is estimated to be US$37.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 1.9% in a year. Earnings are forecast to grow by 0.3% in the next year. Recent Insider Transactions • May 11
Executive Vice Chair recently bought US$998k worth of stock On the 6th of May, William Black bought around 33k shares on-market at roughly US$30.17 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was William's only on-market trade for the last 12 months. Annonce • May 02
BayCom Corp, Annual General Meeting, Jun 16, 2026 BayCom Corp, Annual General Meeting, Jun 16, 2026. Board Change • May 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Mike Perdue was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 26
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: US$0.75 (up from US$0.51 in 1Q 2025). Revenue: US$27.4m (up 16% from 1Q 2025). Net income: US$8.18m (up 44% from 1Q 2025). Profit margin: 30% (up from 24% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Apr 10
Price target increased by 7.4% to US$33.67 Up from US$31.33, the current price target is an average from 3 analysts. New target price is 16% above last closing price of US$29.04. Stock is up 16% over the past year. The company is forecast to post earnings per share of US$2.64 for next year compared to US$2.18 last year. Buy Or Sell Opportunity • Apr 10
Now 26% undervalued Over the last 90 days, the stock has risen 1.3% to US$29.04. The fair value is estimated to be US$39.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 32% in the next 2 years. Reported Earnings • Mar 17
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: US$2.18 (up from US$2.10 in FY 2024). Revenue: US$96.5m (flat on FY 2024). Net income: US$23.9m (up 1.3% from FY 2024). Profit margin: 25% (in line with FY 2024). Net interest margin (NIM): 3.82% (up from 3.74% in FY 2024). Cost-to-income ratio: 63.5% (down from 65.8% in FY 2024). Non-performing loans: 0.65% (up from 0.48% in FY 2024). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Feb 24
Fourth quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 12th March 2026 Payment date: 9th April 2026 Dividend yield will be 3.6%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (41% payout ratio) and is expected to be well covered in 3 years' time (41% forecast payout ratio). The dividend has increased by an average of 57% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 30% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Annonce • Feb 20
BayCom Corp Declares Quarterly Cash Dividend. Payable on April 9, 2026 BayCom Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share on the Company's common stock. The dividend is payable on April 9, 2026 to shareholders of record as of the close of business on March 12, 2026. Reported Earnings • Jan 23
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: US$2.18 (up from US$2.10 in FY 2024). Revenue: US$96.5m (flat on FY 2024). Net income: US$23.9m (up 1.3% from FY 2024). Profit margin: 25% (in line with FY 2024). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Dec 11
Now 20% undervalued Over the last 90 days, the stock has risen 3.9% to US$30.80. The fair value is estimated to be US$38.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.8%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. Declared Dividend • Nov 24
Third quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 11th December 2025 Payment date: 9th January 2026 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (36% payout ratio) and is expected to be well covered in 3 years' time (36% forecast payout ratio). The dividend has increased by an average of 50% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 28% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Annonce • Nov 21
BayCom Corp Increases Quarterly Cash Dividend, Payable on January 9, 2026 BayCom Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share on the Company's common stock, which represents a 20% increase (from $0.25 per share) in the Company’s quarterly dividend. The dividend is payable on January 9, 2026 to shareholders of record as of the close of business on December 11, 2025. Reported Earnings • Oct 24
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: US$0.46 (down from US$0.54 in 3Q 2024). Revenue: US$22.7m (down 6.9% from 3Q 2024). Net income: US$5.01m (down 17% from 3Q 2024). Profit margin: 22% (down from 25% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) exceeded analyst estimates by 1.5%. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Aug 25
Second quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 11th September 2025 Payment date: 9th October 2025 Dividend yield will be 2.5%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 41% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 15% over the next year, which should provide support to the dividend and adequate earnings cover. Annonce • Aug 22
BayCom Corp Declares Quarterly Cash Dividend, Payable on October 9, 2025 BayCom Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share on the Company's common stock, which represents a 25% increase (from $0.20 per share) in the Company’s quarterly dividend. The dividend is payable on October 9, 2025 to shareholders of record as of the close of business on September 11, 2025. Recent Insider Transactions Derivative • Aug 05
President notifies of intention to sell stock George Guarini intends to sell 28k shares in the next 90 days after lodging an Intent To Sell Form on the 4th of August. If the sale is conducted around the recent share price of US$27.21, it would amount to US$759k. For the year to December 2018, George's total compensation was 63% salary and 37% non-salary. Since March 2025, George's direct individual holding has decreased from 74.64k shares to 57.58k. There has only been one transaction (US$743k sale) from insiders over the last 12 months. Reported Earnings • Jul 18
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: US$0.58 (up from US$0.50 in 2Q 2024). Revenue: US$24.5m (up 3.7% from 2Q 2024). Net income: US$6.36m (up 14% from 2Q 2024). Profit margin: 26% (up from 24% in 2Q 2024). Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) exceeded analyst estimates by 4.8%. Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jul 18
BayCom Corp Reports Net Charge-Offs for the Second Quarter Ended June 30, 2025 BayCom Corp. reported net charge-offs for the second quarter ended June 30, 2025. For the quarter, the company recorded net charge-offs of $13,000, compared to net charge-offs of $102,000 in the prior quarter of 2025 and net charge-offs of $76,000 in the second quarter of 2024. Declared Dividend • Jun 01
First quarter dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 12th June 2025 Payment date: 10th July 2025 Dividend yield will be 2.3%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 44% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 11% over the next year, which should provide support to the dividend and adequate earnings cover. Annonce • May 22
BayCom Corp. Increases Quarterly Cash Dividend, Payable on July 10, 2025 BayCom Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share on the Company's common stock, which represents a 33% increase (from $0.15 per share) in the Company’s quarterly dividend. The dividend is payable on July 10, 2025 to shareholders of record as of the close of business on June 12, 2025. Annonce • Apr 28
BayCom Corp, Annual General Meeting, Jun 17, 2025 BayCom Corp, Annual General Meeting, Jun 17, 2025. Reported Earnings • Apr 20
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: US$0.51. Revenue: US$23.7m (down 2.2% from 1Q 2024). Net income: US$5.70m (down 3.0% from 1Q 2024). Profit margin: 24% (in line with 1Q 2024). Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 1.3%. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Banks industry in the US. Reported Earnings • Mar 16
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: US$2.10 (down from US$2.27 in FY 2023). Revenue: US$96.3m (down 6.4% from FY 2023). Net income: US$23.6m (down 14% from FY 2023). Profit margin: 25% (down from 27% in FY 2023). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 3.74% (down from 4.05% in FY 2023). Cost-to-income ratio: 65.8% (up from 61.7% in FY 2023). Non-performing loans: 0.48% (down from 0.67% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%. Revenue is forecast to grow 4.7% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 4% per year. Recent Insider Transactions • Mar 04
President recently sold US$743k worth of stock On the 3rd of March, George Guarini sold around 27k shares on-market at roughly US$27.50 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was George's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Feb 27
President notifies of intention to sell stock George Guarini intends to sell 27k shares in the next 90 days after lodging an Intent To Sell Form on the 26th of February. If the sale is conducted around the recent share price of US$27.61, it would amount to US$745k. For the year to December 2018, George's total compensation was 65% salary and 35% non-salary. Since June 2024, George's direct individual holding has decreased from 261.90k shares to 101.64k. There have been no trades via on-market transactions or options from company insiders in the last 12 months. Declared Dividend • Feb 24
Fourth quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 13th March 2025 Payment date: 10th April 2025 Dividend yield will be 1.9%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (21% payout ratio) and is expected to be well covered in 3 years' time (24% forecast payout ratio). The dividend has increased by an average of 44% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 18% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Annonce • Feb 21
BayCom Corp Announces Quarterly Cash Dividend, Payable on April 10, 2025 BayCom Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.15 per share on the Company's common stock. The dividend is payable on April 10, 2025 to shareholders of record as of the close of business on March 13, 2025. Price Target Changed • Jan 28
Price target increased by 12% to US$31.67 Up from US$28.25, the current price target is an average from 3 analysts. New target price is 12% above last closing price of US$28.22. Stock is up 31% over the past year. The company is forecast to post earnings per share of US$2.30 for next year compared to US$2.10 last year. Reported Earnings • Jan 24
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: US$2.10 (down from US$2.27 in FY 2023). Revenue: US$96.3m (down 6.4% from FY 2023). Net income: US$23.6m (down 14% from FY 2023). Profit margin: 25% (down from 27% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year. Declared Dividend • Nov 25
Third quarter dividend increased to US$0.15 Dividend of US$0.15 is 50% higher than last year. Ex-date: 12th December 2024 Payment date: 10th January 2025 Dividend yield will be 1.5%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (19% payout ratio) and is expected to be well covered in 3 years' time (26% forecast payout ratio). The dividend has increased by an average of 26% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 11% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Annonce • Nov 21
BayCom Corp Increases Quarterly Cash Dividend, Payable on January 10, 2025 BayCom Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.15 per share on the Company's outstanding common stock, which represents a 50% increase (from $0.10 per share) in the Company’s quarterly dividend. The dividend is payable on January 10, 2025 to shareholders of record as of the close of business on December 12, 2024. Board Change • Nov 08
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Syvia Magid was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Oct 23
Price target increased by 10% to US$28.67 Up from US$26.00, the current price target is an average from 3 analysts. New target price is 17% above last closing price of US$24.59. Stock is up 26% over the past year. The company is forecast to post earnings per share of US$2.06 for next year compared to US$2.27 last year. Reported Earnings • Oct 18
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$0.54 (down from US$0.56 in 3Q 2023). Revenue: US$24.4m (down 5.5% from 3Q 2023). Net income: US$6.02m (down 9.2% from 3Q 2023). Profit margin: 25% (down from 26% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.9%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year. Annonce • Oct 11
BayCom Corp and United Business Bank Announces Retirement of James S. Camp as Director On October 7, 2024, James S. Camp notified the Boards of Directors of BayCom Corp. (the “Company”) and its wholly owned subsidiary, United Business Bank (the “Bank”), of his decision to retire as a director of the Company and the Bank, effective immediately. Mr. Camp indicated that his decision to retire was for personal reasons and not as a result of any disagreement with the Boards or the Company's or the Bank’s management. Upcoming Dividend • Sep 12
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 10 October 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (3.0%). Declared Dividend • Aug 26
Second quarter dividend of US$0.10 announced Dividend of US$0.10 is the same as last year. Ex-date: 19th September 2024 Payment date: 10th October 2024 Dividend yield will be 1.7%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 26% per year over the past 3 years and payments have been stable during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Annonce • Aug 23
BayCom Corp Announces Quarterly Cash Dividend, Payable on October 10, 2024 BayCom Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share on the Company's common stock. The dividend is payable on October 10, 2024 to shareholders of record as of the close of business on September 19, 2024. Price Target Changed • Jul 22
Price target increased by 8.5% to US$25.67 Up from US$23.67, the current price target is an average from 3 analysts. New target price is 11% above last closing price of US$23.14. Stock is up 26% over the past year. The company is forecast to post earnings per share of US$2.03 for next year compared to US$2.27 last year. Reported Earnings • Jul 19
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: US$0.50 (down from US$0.59 in 2Q 2023). Revenue: US$23.6m (down 11% from 2Q 2023). Net income: US$5.60m (down 22% from 2Q 2023). Profit margin: 24% (down from 27% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%. Revenue is expected to decline by 3.4% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 5.7%. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 8% per year. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$23.42, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$36.28 per share. Declared Dividend • May 30
First quarter dividend of US$0.10 announced Dividend of US$0.10 is the same as last year. Ex-date: 13th June 2024 Payment date: 11th July 2024 Dividend yield will be 2.0%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 41% per year over the past 2 years and payments have been stable during that time. EPS is expected to decline by 3.9% over the next year. However, it would need to fall by 80% to increase the payout ratio to a potentially unsustainable range. Annonce • May 25
BayCom Corp Announces Quarterly Cash Dividend, Payable on July 11, 2024 BayCom Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock. The cash dividend is payable on July 11, 2024, to shareholders of record as of the close of business on June 13, 2024. Reported Earnings • May 13
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: US$0.51 (down from US$0.57 in 1Q 2023). Revenue: US$24.2m (down 8.8% from 1Q 2023). Net income: US$5.88m (down 18% from 1Q 2023). Profit margin: 24% (down from 27% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 8.1%. Revenue is expected to decline by 5.2% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 6.0%. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Annonce • Apr 28
BayCom Corp, Annual General Meeting, Jun 18, 2024 BayCom Corp, Annual General Meeting, Jun 18, 2024, at 14:30 Pacific Daylight. Location: Company’s Board Room, 500 Ygnacio Valley Road, Suite 200, Walnut Creek California United States Agenda: To consider the election of the eight nominees to the company’s board of directors, each for a one-year term; to consider an advisory (non-binding) vote on executive compensation; to consider an advisory (non-binding) vote as to whether future advisory votes on executive compensation should be held every one year, every two years or every three years; to consider the approval of the its 2024 omnibus incentive plan; to consider the ratification of the appointment of moss adams llp to serve as the independent registered public accounting firm for the company for the fiscal year ending december 31, 2024; and to consider other matters. Major Estimate Revision • Apr 25
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$94.8m to US$89.2m. EPS estimate also fell from US$2.31 per share to US$1.99 per share. Net income forecast to shrink 13% next year vs 0.9% growth forecast for Banks industry in the US . Consensus price target down from US$25.50 to US$23.67. Share price was steady at US$20.11 over the past week. Price Target Changed • Apr 23
Price target decreased by 7.2% to US$23.67 Down from US$25.50, the current price target is an average from 3 analysts. New target price is 22% above last closing price of US$19.41. Stock is up 22% over the past year. The company is forecast to post earnings per share of US$1.99 for next year compared to US$2.27 last year. Reported Earnings • Apr 19
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: US$0.51 (down from US$0.57 in 1Q 2023). Revenue: US$24.2m (down 8.8% from 1Q 2023). Net income: US$5.88m (down 18% from 1Q 2023). Profit margin: 24% (down from 27% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 8.1%. Revenue is expected to decline by 3.5% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 5.8%. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 17
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: US$2.27 (up from US$1.81 in FY 2022). Revenue: US$102.8m (up 6.3% from FY 2022). Net income: US$27.4m (up 16% from FY 2022). Profit margin: 27% (up from 25% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 4.05% (up from 3.90% in FY 2022). Cost-to-income ratio: 61.7% (down from 64.1% in FY 2022). Non-performing loans: 0.67% (down from 0.75% in FY 2022). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 1.1%. Revenue is expected to decline by 2.4% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 5.9%. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 10
Fourth quarter dividend of US$0.10 announced Dividend of US$0.10 is the same as last year. Ex-date: 14th March 2024 Payment date: 12th April 2024 Dividend yield will be 2.0%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (18% payout ratio) and is expected to be well covered in 3 years' time (17% forecast payout ratio). The dividend has increased by an average of 41% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 5.0% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Feb 29
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 12 April 2024. Trailing yield: 2.0%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (3.1%). Declared Dividend • Feb 28
Fourth quarter dividend of US$0.10 announced Dividend of US$0.10 is the same as last year. Ex-date: 7th March 2024 Payment date: 12th April 2024 Dividend yield will be 2.0%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (18% payout ratio) and is expected to be well covered in 3 years' time (17% forecast payout ratio). The dividend has increased by an average of 41% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 5.0% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Annonce • Feb 23
BayCom Corp Declares Quarterly Cash Dividend, Payable on April 12, 2024 BayCom Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share on the company's outstanding common stock. The cash dividend will be payable on April 12, 2024 to shareholders of record as of the close of business on March 8, 2024. Reported Earnings • Jan 26
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: US$2.27 (up from US$1.81 in FY 2022). Revenue: US$102.8m (up 6.3% from FY 2022). Net income: US$27.4m (up 16% from FY 2022). Profit margin: 27% (up from 25% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 1.1%. Revenue is forecast to stay flat during the next 2 years compared to a 5.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 13% per year. Annonce • Jan 26
Baycom Corp. Announces Impairment Results for the Fourth Quarter Ended December 31, 2023 Baycom Corp. announced impairment results for the fourth quarter ended December 31, 2023. For the quarter, Company recorded net charge-offs of $150,000 compared to net charge-offs of $25,000 in the prior quarter of 2023 and net recoveries of $233,000 in the fourth quarter of 2022. Upcoming Dividend • Dec 06
Upcoming dividend of US$0.10 per share at 1.9% yield Eligible shareholders must have bought the stock before 13 December 2023. Payment date: 12 January 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (3.5%). Annonce • Nov 29
BayCom Corp Declares Quarterly Cash Dividend, Payable on January 12, 2024 BayCom Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock. The cash dividend will be payable on January 12, 2024 to shareholders of record as of the close of business on December 14, 2023. Reported Earnings • Oct 20
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: US$0.56. Revenue: US$25.8m (down 1.8% from 3Q 2022). Net income: US$6.63m (down 8.3% from 3Q 2022). Profit margin: 26% (down from 28% in 3Q 2022). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Banks industry in the US. Annonce • Oct 20
BayCom Corp Reports Net Charge-Offs for the Third Quarter Ended September 30, 2023 BayCom Corp. reported net charge-offs for the third quarter ended September 30, 2023. For the quarter, the company reported net charge-offs of $25,000 for the third quarter of 2023, compared to net charge-offs of $60,000 in the prior quarter of 2023 and net charge-offs of $944,000 in the third quarter of 2022. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.10 per share at 2.1% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (3.7%). Annonce • Aug 19
BayCom Corp Declares Quarterly Cash Dividend, Payable on October 13, 2023 BayCom Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock. The cash dividend will be payable on October 13, 2023, to shareholders of record as of the close of business on September 15, 2023. Price Target Changed • Jul 30
Price target increased by 7.8% to US$23.17 Up from US$21.50, the current price target is an average from 3 analysts. New target price is 16% above last closing price of US$19.96. Stock is up 1.9% over the past year. The company is forecast to post earnings per share of US$2.21 for next year compared to US$1.81 last year. New Risk • Jul 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.5% per year for the foreseeable future. Minor Risk Short dividend paying track record (1 year of continuous dividend payments). Reported Earnings • Jul 26
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: EPS: US$0.57 (up from US$0.41 in 1Q 2022). Revenue: US$26.5m (up 14% from 1Q 2022). Net income: US$7.19m (up 38% from 1Q 2022). Profit margin: 27% (up from 22% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 5.2%. Revenue is forecast to stay flat during the next 2 years compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 19% per year. Upcoming Dividend • Jun 08
Upcoming dividend of US$0.10 per share at 2.2% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of American dividend payers (5.0%). Lower than average of industry peers (3.6%). Annonce • May 19
BayCom Corp Declares Quarterly Cash Dividend, Payable on July 14, 2023 BayCom Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock. The cash dividend will be payable on July 14, 2023 to shareholders of record as of the close of business on June 16, 2023. Price Target Changed • Apr 28
Price target decreased by 7.7% to US$22.00 Down from US$23.83, the current price target is an average from 3 analysts. New target price is 32% above last closing price of US$16.68. Stock is down 26% over the past year. The company is forecast to post earnings per share of US$2.24 for next year compared to US$2.06 last year. Reported Earnings • Apr 21
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: EPS: US$0.56 (up from US$0.51 in 1Q 2022). Revenue: US$26.3m (up 4.9% from 1Q 2022). Net income: US$7.05m (up 8.6% from 1Q 2022). Profit margin: 27% (in line with 1Q 2022). Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 5.2%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 02
Upcoming dividend of US$0.10 per share at 1.0% yield Eligible shareholders must have bought the stock before 09 March 2023. Payment date: 14 April 2023. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (3.0%). Reported Earnings • Jan 27
Full year 2022 earnings: EPS in line with expectations, revenues disappoint Full year 2022 results: EPS: US$2.06 (up from US$1.90 in FY 2021). Revenue: US$101.3m (up 21% from FY 2021). Net income: US$27.0m (up 30% from FY 2021). Profit margin: 27% (up from 25% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 08
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 15 December 2022. Payment date: 13 January 2023. Payout ratio is a comfortable 7.7% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (3.1%). Price Target Changed • Nov 16
Price target decreased to US$23.83 Down from US$25.83, the current price target is an average from 3 analysts. New target price is 27% above last closing price of US$18.81. Stock is down 1.9% over the past year. The company is forecast to post earnings per share of US$2.05 for next year compared to US$1.90 last year. Reported Earnings • Nov 16
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: US$0.54 (up from US$0.51 in 3Q 2021). Revenue: US$26.3m (up 24% from 3Q 2021). Net income: US$7.23m (up 34% from 3Q 2021). Profit margin: 28% (up from 25% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 6.4%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Nov 16
Independent Director recently sold US$197k worth of stock On the 10th of November, Robert Laverne sold around 10k shares on-market at roughly US$19.65 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$221k. Insiders have been net sellers, collectively disposing of US$507k more than they bought in the last 12 months. Recent Insider Transactions • Nov 11
Independent Director recently sold US$197k worth of stock On the 10th of November, Robert Laverne sold around 10k shares on-market at roughly US$19.65 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$221k. Insiders have been net sellers, collectively disposing of US$507k more than they bought in the last 12 months. Price Target Changed • Oct 25
Price target decreased to US$23.83 Down from US$25.83, the current price target is an average from 3 analysts. New target price is 26% above last closing price of US$18.89. Stock is up 2.6% over the past year. The company is forecast to post earnings per share of US$2.05 for next year compared to US$1.90 last year. Reported Earnings • Oct 22
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: US$0.54 (up from US$0.51 in 3Q 2021). Revenue: US$26.3m (up 24% from 3Q 2021). Net income: US$7.23m (up 34% from 3Q 2021). Profit margin: 28% (up from 25% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 6.4%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 08
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 14 October 2022. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (3.2%). Recent Insider Transactions • Aug 26
Independent Director recently sold US$221k worth of stock On the 22nd of August, Robert Laverne sold around 11k shares on-market at roughly US$19.43 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Jul 22
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: US$0.38 (down from US$0.49 in 2Q 2021). Revenue: US$22.6m (up 8.8% from 2Q 2021). Net income: US$5.22m (down 1.7% from 2Q 2021). Profit margin: 23% (down from 26% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 28%. Over the next year, revenue is forecast to grow 19%, compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 09
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 16 June 2022. Payment date: 15 July 2022. Trailing yield: 0.9%. Lower than top quartile of American dividend payers (3.9%). Lower than average of industry peers (2.8%). Major Estimate Revision • Apr 28
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from US$1.91 to US$2.26. Revenue forecast unchanged at US$97.1m. Net income forecast to grow 36% next year vs 0.7% decline forecast for Banks industry in the US. Consensus price target up from US$26.00 to US$26.67. Share price was steady at US$23.02 over the past week. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: US$0.51 (up from US$0.40 in 1Q 2021). Revenue: US$25.1m (up 23% from 1Q 2021). Net income: US$6.49m (up 43% from 1Q 2021). Profit margin: 26% (up from 22% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 4.1%. Over the next year, revenue is forecast to grow 11%, compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.