BayCom (BCML) investor relations material

Executive summary

• Reported a net loss of $7.0 million for Q2 2026, compared to net income of $6.4 million in Q2 2025 and $8.2 million in Q1 2026, primarily due to $10.5 million in one-time severance and executive departure costs and a $5.2 million increase in provision for credit losses.

• Net income for the first half of 2026 was $1.2 million, down 89.9% from $12.1 million in the prior year period.

• Net interest income declined $1.5 million sequentially but rose 2.5% year-over-year to $23.7 million for Q2 2026; net interest margin increased to 3.95% from 3.77%.

• Loan growth was strong, with total loans increasing $64 million (3.2%) in the quarter, and nonperforming loans decreased by $6.9 million to $9.8 million.

• Total assets were $2.6 billion, loans $2.1 billion, deposits $2.2 billion, and shareholders' equity $335.4 million as of June 30, 2026.

Financial highlights

• Net loss of $7.0 million, or $(0.64) per diluted share, for Q2 2026; net income of $1.2 million for the six months ended June 30, 2026.

• Noninterest expense surged 72.4% year-over-year and 64.5% sequentially to $27.2 million in Q2 2026, driven by executive departures.

• Provision for credit losses was $5.2 million in Q2 2026, up from $203,000 in Q2 2025; net charge-offs were $2.8 million for the quarter.

• Allowance for credit losses was $23.0 million, or 1.11% of total loans, up from 1.03% at year-end.

• Nonperforming loans decreased to $9.8 million (0.47% of total loans) from $13.4 million (0.65%) at year-end.

Outlook and guidance

• Management expects continued focus on commercial loan growth, disciplined expense management, and capturing new business opportunities.

• Quarterly dividend of $0.30 per share declared, with intent to continue regular dividends subject to board discretion.