BayCom Corp (BCML) Cash Flow Statement

Cash conversion also weakened, with OCF/NI falling to 0.85 in 2026Q1 from 1.63 in 2025Q1, meaning a smaller share of reported earnings was realized as cash at precisely the point when a reserve release flattered profit. Because the 2026Q3 operating cash flow line carries no reported value, the current quarterly run-rate cannot be confirmed, and investors should watch whether the next readings recover the roughly $8M per quarter that previously funded both distributions and securities reinvestment.

The simultaneous appearance of $19.7M of purchases and $10.3M of sales in 2026Q1 points to active turnover within the securities book rather than one-directional liquidation, which may indicate duration is being repositioned as rates move rather than a portfolio being dismantled. Net investment cash swung from roughly $9.4M absorbed in 2026Q1 to about $8.4M released in 2026Q2, a reversal of nearly $18M that mechanically distorts period-to-period operating cash comparisons and should be excluded before judging underlying cash generation.

Total capital return reached approximately $13.5M in 2025, combining $6.9M of buybacks with $6.6M of dividends against $24.0M of net income for a roughly 56% aggregate payout, but buybacks ceased entirely after 2025Q4, leaving dividends as the sole distribution channel even as earnings contracted. The implied payout of about 287% of 2026 year-to-date earnings suggests distributions are being funded from retained capital rather than current profits, a pattern whose sustainability warrants further investigation alongside the modest $1.0M long-term debt movement recorded in 2026Q2.

The strongest OCF/NI readings in the series, 1.63 in 2025Q1 and 1.60 in 2024Q3, coincide with only $642K and $1.2M of loan-loss cash outflows respectively, which suggests reported cash conversion in 2025 was flattered by benign reserve conditions rather than operating momentum. Given the provision expense swings already identified in the income statement, comparing provision expense directly against these cash loan-loss figures should help investors judge whether reserve coverage is building or being drawn down, a distinction the cash flow statement alone cannot resolve.