BayCom Corp (BCML) 10-Year Financial Performance & Capital Metrics

BCML • • Banking & Credit

Financial ServicesRegional BanksCommercial & Business BankingCommercial & Corporate Banking

AboutBayCom Corp operates as the bank holding company for United Business Bank that provides various financial services to small and mid-sized businesses, service professionals, and individuals. The company offers demand, savings, money market, and time deposit accounts. It also provides commercial and multifamily real estate loans, including owner-occupied and investor real estate loans; commercial and industrial loans, such as equipment loans and working capital lines of credit; small business administration loans; construction and land loans; agriculture-related loans; and consumer loans comprising installment loans, unsecured and secured personal lines of credit, and overdraft protection. In addition, the company offers online and mobile banking, automated teller machine, remote deposit capture, night depository, courier, direct deposit, treasury management, wire transfer, automated clearing house services, debit cards, cashier's and travelers checks, letters of credit, lockbox, positive pay, reverse positive pay, and account reconciliation services, as well as zero balance accounts and sweep accounts, including loan sweep. As of December 31, 2021, it operated through a network of 33 full-service banking branches in Northern and Southern California; Denver, Colorado; Custer, Delta, and Grand counties, Colorado; and Seattle, Washington and Central New Mexico. The company was formerly known as Bay Commercial Bank and changed its name to BayCom Corp in January 2017. BayCom Corp was incorporated in 2004 and is headquartered in Walnut Creek, California.Show more

Net Interest Income $90M -7.1%
Total Revenue $138M +3.6%
Net Income $24M -13.9%
Return on Equity 7.41% -14.9%
Net Interest Margin 3.36% -11.1%
Efficiency Ratio 46.3% -4.3%
ROA 0.91% -16.4%
Equity / Assets 12.17% -0.7%
Book Value per Share 28.80 +11.1%
Tangible BV/Share 25.11 +12.3%
Debt/Equity 0.27 -4.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 46.3% efficiency ratio
✓Well capitalized: 12.2% equity/assets
✓Share count reduced 6.7% through buybacks
✓Trading at only 1.0x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y21.06%

5Y9.99%

3Y14.07%

TTM-

Profit (Net Income) CAGR

10Y16.39%

5Y6.4%

3Y4.5%

TTM-2.92%

EPS CAGR

10Y6.88%

5Y8.92%

3Y3.39%

TTM0%

ROCE

10Y Avg10.01%

5Y Avg7.85%

3Y Avg8.42%

Latest7.56%

Peer Comparison

Commercial & Corporate Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TCBITexas Capital Bancshares, Inc.	4.49B	98.37	76.85	-1.72%	4.4%	7.92%	9.27%	0.46
BANCBanc of California, Inc.	3.15B	20.87	40.13	24.65%	6.78%	6.01%	2.04%	0.67
DBDeutsche Bank AG	74.26B	38.87	28.37	11.78%	5.07%	7.18%		1.91
HTHHilltop Holdings Inc.	2.2B	35.83	20.59	2.5%	7.35%	7.2%	12.14%	0.61
SFBSServisFirst Bancshares, Inc.	4.28B	78.31	18.82	17.89%	23.26%	14.33%	5.8%	1.27
CMAComerica Incorporated	11.69B	91.51	18.23	-4.95%	13.98%	10.57%	3.83%	1.02
BOKFBOK Financial Corporation	8.08B	127.69	15.69	10.4%	15.57%	8.91%	15.59%	0.80
CNOBConnectOne Bancorp, Inc.	1.37B	27.26	15.49	6.06%	13.8%	3.98%	4.15%	0.63

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	22.27M	26.15M	39.5M	51.25M	67.02M	77.5M	71.86M	95.48M	96.44M	89.55M
NII Growth %	0.32%	0.17%	0.51%	0.3%	0.31%	0.16%	-0.07%	0.33%	0.01%	-0.07%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	25.41M	29.23M	43.81M	56.19M	75.75M	86.4M	80.66M	105.83M	124.9M	130.12M
Interest Expense	3.14M	3.07M	4.31M	4.94M	8.73M	8.9M	8.8M	10.35M	28.46M	40.57M
Loan Loss Provision	1.41M	598K	462K	1.84M	2.22M	10.32M	466K	4.44M	2.02M	1.26M
Non-Interest Income+	1.69M	1.82M	5M	7.82M	9.78M	9.22M	12.13M	5.41M	8.01M	7.58M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	27.11M	31.04M	48.81M	64.02M	85.53M	95.62M	92.79M	111.25M	132.91M	137.71M
Revenue Growth %	0.33%	0.15%	0.57%	0.31%	0.34%	0.12%	-0.03%	0.2%	0.19%	0.04%
Non-Interest Expense	13.39M	17.02M	29.89M	36.74M	50.89M	58.17M	55.04M	64.02M	64.28M	63.75M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	9.16M	10.35M	14.15M	20.49M	23.69M	18.23M	28.48M	32.44M	38.16M	32.12M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.33%	0.13%	0.37%	0.45%	0.16%	-0.23%	0.56%	0.14%	0.18%	-0.16%
Pretax Income+	9.16M	10.35M	14.15M	20.49M	23.69M	18.23M	28.48M	32.44M	38.16M	32.12M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.71M	4.44M	8.89M	6M	6.37M	4.5M	7.79M	8.71M	10.73M	8.51M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	7.45M	5.91M	5.26M	14.49M	17.32M	13.73M	20.69M	23.73M	27.43M	23.61M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.44%	-0.21%	-0.11%	1.76%	0.19%	-0.21%	0.51%	0.15%	0.16%	-0.14%
Net Income (Continuing)	7.45M	5.91M	5.26M	14.49M	17.32M	13.73M	20.69M	23.73M	27.43M	23.61M
EPS (Diluted)+	1.36	1.09	0.81	1.50	1.37	1.15	1.90	2.06	2.27	2.10
EPS Growth %	0.26%	-0.2%	-0.26%	0.85%	-0.09%	-0.16%	0.65%	0.08%	0.1%	-0.07%
EPS (Basic)	1.37	1.10	0.81	1.50	1.37	1.15	1.90	2.06	2.27	2.10
Diluted Shares Outstanding	5.49M	5.45M	6.52M	9.69M	12.63M	11.96M	10.88M	13.12M	12.07M	11.26M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	8.39M	7.2M	16.5M	24.83M	25.21M	37.4M	24.76M	29.22M	19.15M	23.39M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	483.82M	518.18M	931.71M	1.07B	1.58B	1.75B	1.84B	2.18B	2.09B	2.15B
Investments Growth %	0.42%	0.07%	0.8%	0.15%	0.47%	0.11%	0.05%	0.19%	-0.04%	0.03%
Long-Term Investments	460.21M	504.26M	891.2M	972.79M	1.46B	1.64B	1.68B	2.03B	2.09B	2.15B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	10.37M	14.59M	35.47M	38.84M	38.84M	38.84M	38.84M	38.84M
Intangible Assets	1.2M	802.44K	4.77M	7.21M	9.19M	8.3M	6.49M	5.2M	3.92M	2.69M
PP&E (Net)	1.39M	1.11M	8.4M	11.17M	25.82M	27.19M	26.5M	29.85M	27.67M	26.77M
Other Assets	113.1M	134.19M	262.14M	336.3M	304.9M	312.41M	399.57M	196.29M	336.91M	388.83M
Total Current Assets	47.41M	34.94M	62.4M	130.45M	157.68M	170.47M	198.52M	215.24M	59.43M	55.9M
Total Non-Current Assets	575.89M	640.36M	1.18B	1.35B	1.84B	2.03B	2.15B	2.3B	2.49B	2.61B
Total Assets+	623.3M	675.3M	1.25B	1.48B	1.99B	2.2B	2.35B	2.51B	2.55B	2.66B
Asset Growth %	0.24%	0.08%	0.84%	0.19%	0.35%	0.1%	0.07%	0.07%	0.02%	0.04%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	4.43M	3.32M	7.42M	8.38M	11.28M	11.65M	13.86M	16.53M	0	0
Total Debt+	0	0	11.39M	8.16M	23.84M	89.02M	84.6M	89.33M	87.2M	86.76M
Net Debt	-8.39M	-7.2M	-5.11M	-16.66M	-1.37M	51.62M	59.84M	60.11M	68.05M	63.38M
Long-Term Debt	0	0	11.39M	8.16M	8.24M	76.69M	71.94M	72.19M	72.45M	72.38M
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	3.19M	3.16M	4.05M	3.34M	3.66M	4.01M	4.39M	4.84M	19.14M	19.37M
Total Current Liabilities	547.73M	594.08M	1.11B	1.27B	1.71B	1.85B	2B	2.1B	2.13B	2.23B
Total Non-Current Liabilities	3.19M	3.16M	15.43M	11.5M	27.5M	93.03M	89M	94.17M	106.34M	106.13M
Total Liabilities	550.92M	597.24M	1.13B	1.28B	1.74B	1.94B	2.09B	2.2B	2.24B	2.34B
Total Equity+	72.38M	78.06M	118.64M	200.75M	254.22M	252.59M	262.61M	317.15M	312.87M	324.37M
Equity Growth %	0.24%	0.08%	0.52%	0.69%	0.27%	-0.01%	0.04%	0.21%	-0.01%	0.04%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.11%	0.08%	0.05%	0.09%	0.08%	0.05%	0.08%	0.08%	0.09%	0.07%
Book Value per Share	13.18	14.32	18.19	20.71	20.13	21.11	24.13	24.17	25.91	28.80
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	46.28M	46.08M	81.31M	149.53M	184.33M	167.24M	157.1M	204.3M	180.91M	172.25M
Additional Paid-in Capital	286.74K	286.74K	287K	287K	287K	287K	287K	287K	287K	287K
Retained Earnings	25.69M	31.6M	36.83M	51.32M	68.64M	82.36M	103.06M	124.12M	146.26M	164.83M
Accumulated OCI	121.63K	88.43K	213K	-103K	1.25M	2.7M	2.17M	-11.56M	-14.59M	-13.01M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	4.97M	6.32M	9.33M	6.24M	6.96M	10M	10.43M	39.61M	30.8M	30.36M
Operating CF Growth %	-0.24%	0.27%	0.48%	-0.33%	0.12%	0.44%	0.04%	2.8%	-0.22%	-0.01%
Net Income	7.45M	5.91M	5.26M	14.49M	17.32M	13.73M	20.69M	23.73M	27.43M	23.61M
Depreciation & Amortization	936.73K	896K	1.61M	2.11M	2.83M	3.7M	3.86M	4.02M	2.96M	3.27M
Deferred Taxes	0	1.7M	3.49M	740K	1.38M	-2.54M	117K	-1.71M	1K	801K
Other Non-Cash Items	-4.66M	-954K	-5.33M	-10.95M	-18.85M	-4.65M	-13.64M	13.46M	4.6M	1.81M
Working Capital Changes	943.34K	-1.57M	3.87M	-1.33M	3.13M	-1.69M	-2M	-905K	-4.91M	276K
Cash from Investing+	-21.91M	-32.73M	90.41M	-11.25M	927K	-73.66M	-60.36M	53.94M	80.4M	-62.19M
Purchase of Investments	-273.15K	0	-1.18M	-41.35M	-16.86M	-21.2M	-91.02M	-28.88M	-25.27M	-49.86M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	19.68M	0	85M	-12.97M	32.58M	-8.43M	0	18.42M	0	0
Other Investing	-59.23M	-42.16M	-689K	5.33M	-42.89M	-72.03M	990K	54.12M	96.24M	-32.51M
Cash from Financing+	-10.09M	46.92M	21.43M	78.74M	-36.08M	67.61M	130.29M	-296.42M	19.52M	88.32M
Dividends Paid	0	0	0	0	0	0	0	-2.02M	-3.64M	-3.38M
Share Repurchases	-2.8M	-901K	-24K	0	-10.96M	-18.26M	-11.55M	-17.96M	-24.11M	-9.25M
Stock Issued	0	0	0	66.76M	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	0	-1000K	-1000K	0	1000K	-1000K	0	0	-315K
Other Financing	-1.29M	47.83M	31.35M	17.98M	-25.13M	19.07M	146.84M	-276.44M	47.27M	101.26M
Net Change in Cash+	-27.02M	20.51M	121.17M	73.73M	-28.2M	3.95M	80.36M	-202.87M	130.72M	56.49M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	135.2M	108.17M	128.68M	249.85M	323.58M	295.38M	299.33M	379.69M	176.81M	307.54M
Cash at End	108.17M	128.68M	249.85M	323.58M	295.38M	299.33M	379.69M	176.81M	307.54M	364.03M
Interest Paid	3.14M	3.06M	4.18M	4.94M	7.45M	9.21M	9.01M	10.25M	26.96M	40.64M
Income Taxes Paid	1.98M	2.85M	3.84M	5.4M	5.05M	8.07M	7.1M	7.65M	12.15M	6.5M
Free Cash Flow+	4.46M	6.1M	8.96M	5.22M	5.56M	6.78M	9.12M	38.77M	28.68M	28.66M
FCF Growth %	-0.29%	0.37%	0.47%	-0.42%	0.06%	0.22%	0.34%	3.25%	-0.26%	-0%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	11.42%	7.86%	5.35%	9.08%	7.61%	5.42%	8.03%	8.19%	8.71%	7.41%
Return on Assets (ROA)	1.32%	0.91%	0.55%	1.06%	1%	0.66%	0.91%	0.98%	1.08%	0.91%
Net Interest Margin	3.57%	3.87%	3.17%	3.47%	3.36%	3.53%	3.06%	3.8%	3.78%	3.36%
Efficiency Ratio	49.4%	54.84%	61.23%	57.4%	59.49%	60.84%	59.32%	57.54%	48.36%	46.3%
Equity / Assets	11.61%	11.56%	9.52%	13.58%	12.75%	11.5%	11.17%	12.62%	12.26%	12.17%
Book Value / Share	13.18	14.32	18.19	20.71	20.13	21.11	24.13	24.17	25.91	28.8
NII Growth	31.97%	17.44%	51.02%	29.75%	30.78%	15.63%	-7.28%	32.88%	1%	-7.14%
Dividend Payout	-	-	-	-	-	-	-	8.51%	13.26%	14.29%

Revenue by Segment

	2020	2021	2022	2023	2024
Service charges and other fees	-	-	3.11M	3.57M	3.35M
Service charges and other fees Growth	-	-	-	14.90%	-6.11%
Bank Servicing and Other	-	2.4M	-	-	-
Bank Servicing and Other Growth	-	-	-	-	-
Bank Servicing And Other	2.55M	-	-	-	-
Bank Servicing And Other Growth	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

BayCom Corp (BCML) has a price-to-earnings (P/E) ratio of 13.9x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

BayCom Corp (BCML) grew revenue by 3.6% over the past year. Growth has been modest.

Yes, BayCom Corp (BCML) is profitable, generating $23.2M in net income for fiscal year 2024 (17.1% net margin).

Dividend & Returns

Yes, BayCom Corp (BCML) pays a dividend with a yield of 1.03%. This makes it attractive for income-focused investors.

BayCom Corp (BCML) has a return on equity (ROE) of 7.4%. This is below average, suggesting room for improvement.

Industry Metrics

BayCom Corp (BCML) has a net interest margin (NIM) of 3.4%. This indicates healthy earnings from lending activities.

BayCom Corp (BCML) has an efficiency ratio of 46.3%. This is excellent, indicating strong cost control.

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