BayCom(NASDAQ) BCML

BayCom Corp NASDAQ:BCML helps small businesses and families manage their money. It gives loans to companies and provides safe savings accounts. These services help customers in the western United States.

A Full Menu of Banking

• Non-owner Occupied Real Estate: Loans for investment properties where the borrower does not live; represented 43.7% of total loans as of June 30, 2026.
• Owner Occupied Real Estate: Financing for properties used by the business owner; accounted for 23.3% of total loans as of June 30, 2026.
• Multifamily Residential: Loans for apartment buildings and housing complexes; made up 16.7% of total loans as of June 30, 2026.
• Commercial and Industrial: Loans for business equipment and working capital; represented 7.5% of total loans as of June 30, 2026.
• Business Support Services: Treasury management, online banking, and electronic deposit services for commercial clients.

Growth Through Local Connections

• Expanded the geographic footprint through 10 bank acquisitions since the company was founded in 2010.
• Operates a network of 34 full-service branches across California, Colorado, New Mexico, Washington, and Nevada as of June 30, 2026.
• Transitioned the corporate identity from Bay Commercial Bank to the current name in Jan. 2017.
• Utilized deposits from stable community markets to fund commercial loan growth in larger metropolitan areas.

What Sets the Bank Apart

BayCom combines the high-touch service of a local bank with sophisticated digital tools found at larger institutions. Its strategy relies on buying smaller banks and growing within diverse western U.S. markets.

The Recent Numbers

• Net loss was $7.0 million for the three-month period ended June 30, 2026, compared to net income of $6.4 million in the prior-year period.
• Noninterest expense rose $11.4 million to $27.2 million for the quarter ended June 30, 2026, up 72.4% year over year.
• One-time costs of $10.5 million for executive departures impacted financial results during the three-month period ended June 30, 2026.
• Total assets reached $2.6 billion at June 30, 2026, representing a 0.5% decrease from Dec. 31, 2025.
• Annualized net interest margin was 3.95% for the three-month period ended June 30, 2026, compared to 3.77% for the same period in 2025.

The Evolving Franchise

BayCom has shifted from a local commercial bank to a multi-state regional player through an aggressive acquisition strategy. While recent executive transitions increased short-term costs, the company maintains a stable deposit base and a focused real estate lending business.