Net interest income growth reached 12.1% in 2026Q1, though the net interest margin remains constrained at 1.0% due to competitive pressures in Western US markets.
BayCom Corp (BCML) annual income statement — 19-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'08 | Dec'07 | Dec'04 |
|---|
| Net Interest Income | 96.94M | 93.66M | 89.55M | 96.44M | 95.48M | 71.86M | 77.5M | 67.02M | 51.25M | 39.5M | 26.15M | 22.27M | 16.88M | 12.71M | 0 | -19.76K | -6.56K | 3.68M | 3.84M | 273K |
| NII Growth % | 24.75% | 4.59% | -7.14% | 1% | 32.88% | -7.28% | 15.63% | 30.78% | 29.75% | 51.02% | 17.44% | 31.97% | 32.82% | - | 100% | -201.05% | -100.18% | -4.16% | 1305.51% | - |
| Net Interest Margin % | 3.76% | 3.61% | 3.36% | 3.78% | 3.8% | 3.06% | 3.53% | 3.36% | 3.47% | 3.17% | 3.87% | 3.57% | 3.35% | 3.71% | 0% | -0.01% | -0% | 3.38% | 4.23% | 1.07% |
| Interest Income | 135.69M | 134.6M | 130.12M | 124.9M | 105.83M | 80.66M | 86.4M | 75.75M | 56.19M | 43.81M | 29.23M | 25.41M | 19.45M | 14.79M | 0 | 0 | 0 | 5.75M | 6.34M | 323K |
| Interest Expense | 38.75M | 40.94M | 40.57M | 28.46M | 10.35M | 8.8M | 8.9M | 8.73M | 4.94M | 4.31M | 3.07M | 3.14M | 2.58M | 2.08M | 0 | 19.76K | 6.56K | 2.07M | 2.51M | 50K |
| Loan Loss Provision | 7.79M | 3.82M | 1.26M | 2.02M | 4.44M | 466K | 10.32M | 2.22M | 1.84M | 462K | 598K | 1.41M | 1.07M | 348.27K | 0 | 18.54M | 8.49M | 273.18K | 232K | 175K |
| Non-Interest Income | 7.24M | 7.24M | 7.58M | 8.01M | 5.41M | 12.13M | 9.22M | 9.78M | 7.82M | 5M | 1.82M | 1.69M | 920.99K | 632.32K | 11.63M | 18.56M | 8.49M | 834.1K | 284.5K | 3K |
| Non-Interest Income % | 6.95% | 7.17% | 7.81% | 7.67% | 5.37% | 14.44% | 10.63% | 12.74% | 13.24% | 11.24% | 6.49% | 7.07% | 5.18% | 4.74% | 100% | 100.11% | 100.08% | 18.49% | 6.9% | 1.09% |
| Total Net Revenue | 104.17M | 100.9M | 97.14M | 104.45M | 100.89M | 83.99M | 86.72M | 76.8M | 59.07M | 44.5M | 27.97M | 23.97M | 17.8M | 13.34M | 11.63M | 18.54M | 8.49M | 4.51M | 4.12M | 276K |
| Revenue Growth % | 6.24% | 3.87% | -7% | 3.52% | 20.13% | -3.15% | 12.91% | 30.01% | 32.75% | 59.1% | 16.71% | 34.66% | 33.43% | 14.7% | -37.28% | 118.5% | 88.08% | 9.46% | 1393.31% | - |
| Non-Interest Expense | 76.45M | 64.21M | 63.75M | 64.28M | 64.02M | 55.04M | 58.17M | 50.89M | 36.74M | 29.89M | 17.02M | 13.39M | 9.83M | 8.4M | 7.78M | 1.77M | 1.07M | 3.64M | 2.86M | 101K |
| Efficiency Ratio | 73.39% | 63.64% | 65.63% | 61.54% | 63.45% | 65.53% | 67.08% | 66.26% | 62.2% | 67.17% | 60.87% | 55.87% | 55.22% | 62.98% | 66.92% | 9.56% | 12.62% | 80.61% | 69.3% | 36.59% |
| Operating Income | 19.93M | 32.87M | 32.12M | 38.16M | 32.44M | 28.48M | 18.23M | 23.69M | 20.49M | 14.15M | 10.35M | 9.16M | 6.9M | 4.59M | 3.85M | 8.91M | 1M | 601.6K | 1.03M | 0 |
| Operating Margin % | 19.13% | 32.57% | 33.07% | 36.53% | 32.15% | 33.91% | 21.02% | 30.85% | 34.68% | 31.79% | 37% | 38.24% | 38.75% | 34.4% | 33.08% | 48.07% | 11.8% | 13.33% | 25.08% | 0% |
| Operating Income Growth % | - | 2.33% | -15.82% | 17.63% | 13.9% | 56.23% | -23.06% | 15.63% | 44.81% | 36.73% | 12.92% | 32.89% | 50.27% | 19.31% | -56.85% | 790.47% | 66.36% | -41.79% | - | - |
| Pretax Income | 19.93M | 32.62M | 32.12M | 38.16M | 32.44M | 28.48M | 18.23M | 23.69M | 20.49M | 14.15M | 10.35M | 9.16M | 6.9M | 4.59M | 3.85M | 7.33M | 1M | 601.6K | 1.03M | 0 |
| Pretax Margin % | 19.13% | 32.33% | 33.07% | 36.53% | 32.15% | 33.91% | 21.02% | 30.85% | 34.68% | 31.79% | 37% | 38.24% | 38.75% | 34.4% | 33.08% | 39.55% | 11.8% | 13.33% | 25.08% | 0% |
| Income Tax | 6.85M | 8.69M | 8.51M | 10.73M | 8.71M | 7.79M | 4.5M | 6.37M | 6M | 8.89M | 4.44M | 1.71M | 1.72M | 1.9M | 1.69M | 18.54K | 380.32K | 281.71K | -173.73K | 0 |
| Effective Tax Rate % | 34.36% | 26.63% | 26.48% | 28.13% | 26.85% | 27.35% | 24.7% | 26.9% | 29.26% | 62.82% | 42.87% | 18.67% | 24.9% | 41.38% | 43.98% | 0.25% | 38% | 46.83% | -16.81% | - |
| Net Income | 13.08M | 23.93M | 23.61M | 27.43M | 23.73M | 20.69M | 13.73M | 17.32M | 14.49M | 5.26M | 5.91M | 7.45M | 5.18M | 2.69M | 2.15M | 7.31M | 620.53K | 319.88K | 1.21M | -732K |
| Net Margin % | 12.56% | 23.72% | 24.31% | 26.26% | 23.52% | 24.64% | 15.83% | 22.55% | 24.53% | 11.82% | 21.14% | 31.1% | 29.1% | 20.17% | 18.53% | 39.45% | 7.31% | 7.09% | 29.29% | -265.22% |
| Net Income Growth % | -45.94% | 1.34% | -13.9% | 15.57% | 14.69% | 50.74% | -20.74% | 19.49% | 175.53% | -11.03% | -20.67% | 43.91% | 92.51% | 24.85% | -70.54% | 1078.63% | 93.98% | -73.5% | 264.92% | - |
| Net Income (Continuing) | 13.08M | 23.93M | 23.61M | 27.43M | 23.73M | 20.69M | 13.73M | 17.32M | 14.49M | 5.26M | 5.91M | 7.45M | 5.18M | 2.69M | 2.15M | 7.31M | 620.53K | 319.88K | 1.21M | -732K |
| EPS (Diluted) | 1.20 | 2.18 | 2.10 | 2.27 | 1.81 | 1.90 | 1.15 | 1.37 | 1.50 | 0.81 | 1.09 | 1.36 | 1.08 | 0.54 | 0.45 | 1.92 | 0.26 | 0.20 | 0.77 | -0.48 |
| EPS Growth % | -44.95% | 3.81% | -7.49% | 25.41% | -4.74% | 65.22% | -16.06% | -8.67% | 85.19% | -25.69% | -19.85% | 25.93% | 100% | 20% | -76.56% | 638.46% | 30% | -74.03% | 260.42% | - |
| EPS (Basic) | - | 2.18 | 2.10 | 2.27 | 1.81 | 1.90 | 1.15 | 1.37 | 1.50 | 0.81 | 1.10 | 1.37 | 1.09 | 0.56 | 0.45 | 1.92 | 0.26 | 0.20 | 0.78 | -0.48 |
| Diluted Shares Outstanding | 10.91M | 10.9M | 11.26M | 12.07M | 13.12M | 10.88M | 11.96M | 12.63M | 9.69M | 6.52M | 5.45M | 5.49M | 4.78M | 4.97M | 4.84M | 3.81M | 2.34M | 1.55M | 1.56M | 1.54M |
Quick answers to the most common questions about buying BCML stock.
For fiscal year 2025, BayCom Corp (BCML) reported total revenue of $100.9M. This represents a 36456.9% increase compared to $0.3M in 2004.
BayCom Corp (BCML) is profitable, generating $23.9M in net income for the fiscal year ending 2025 with a net profit margin of 23.7%.
BayCom Corp (BCML) reported an operating income of $32.9M, resulting in an operating profit margin of 32.6%. This margin reflects the operational efficiency of the business before interest and taxes.
BayCom Corp (BCML) generated $97.1M in gross profit for the year, representing a gross profit margin of 96.2%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
CRE concentration refinancing risk
Metrics are mathematically derived from official filings.
NII Growth Rebounds Amid Volatility
According to recent quarterly filings, BayCom Corp's net interest income reached $25.2 million in 2026Q1, reflecting a 12.1% year-over-year growth rate that suggests a successful repricing of the loan portfolio relative to the bank's deposit funding costs in the current interest rate environment.
The recent acceleration in NII growth indicates that the bank is effectively managing its deposit beta, allowing interest-earning assets to outpace funding expenses. Investors should monitor whether this trajectory is sustainable or if it reflects a temporary benefit from loan repricing that may face headwinds if deposit competition intensifies.
NIM Stability Masks Competitive Pressures
As reported in financial statements, BayCom Corp maintained a net interest margin of 1.0% in 2026Q1, a figure that appears stable but remains constrained by the competitive landscape of its Western US markets and the inherent costs of its multi-state branch footprint.
The persistent 0.9% to 1.0% NIM range suggests that while the bank has successfully defended its spread, it lacks the scale to significantly expand margins in the current cycle. This performance warrants further investigation into whether the bank's CRE-heavy asset mix is limiting its ability to capture higher yields without taking on excessive credit risk.
Efficiency Ratio Reflects Operational Bloat
Based on the reported figures, the efficiency ratio of 45.7% in 2026Q1 highlights the ongoing challenge of managing a 33-branch network across four states, which may be creating an administrative burden that offsets the benefits of the bank's hub-and-spoke M&A strategy.
The fluctuation in the efficiency ratio suggests that management is struggling to achieve consistent operating leverage as it integrates disparate regional operations. Investors should monitor whether future revenue growth can outpace the fixed costs associated with this geographic dispersion, or if the bank will require further consolidation to improve profitability.
Provisioning Volatility Signals Credit Uncertainty
As indicated by the 2026Q1 provision expense of -$670,000, BayCom Corp's credit cost profile has shifted significantly from the $3.0 million provision recorded in 2025Q3, suggesting a high degree of sensitivity to the underlying credit quality of its commercial real estate loan book.
The volatility in provision expenses may indicate that the bank is adjusting its reserves in response to shifting economic conditions in its core markets. This pattern warrants close scrutiny, as it may imply that the bank's CRE portfolio is susceptible to refinancing risks that could necessitate higher future provisions if property valuations continue to face pressure.
SBA Revenue Remains Highly Cyclical
Based on the provided data, non-interest income as a percentage of total revenue reached 4.3% in 2026Q1, down from a peak of 8.3% in 2024Q3, illustrating the bank's reliance on transactional SBA loan sales which appear to be highly sensitive to secondary market premiums.
The inconsistency in fee income suggests that the bank's non-interest revenue stream is not yet a reliable recurring engine, but rather a pro-cyclical component that fluctuates with market conditions. This dependency introduces earnings volatility that may complicate the bank's ability to provide consistent returns to shareholders during periods of economic contraction.