BayCom misses Q3 net income estimates on higher credit loss provisions

Baycom

23/10/2025 21:39

Overview

BayCom Q3 net income of $5.0 mln misses analyst expectations

Net income decreased 21.3% from Q2 2025 due to higher credit loss provisions

Company repurchased 33,300 shares at $27.29 average cost in Q3 2025

Outlook

BayCom expects stable credit quality and improving earnings performance despite economic uncertainties

Company remains committed to strategic share repurchases and cash dividends

Result Drivers

CREDIT LOSS PROVISION - Increased provisions for credit losses impacted net income negatively

INTEREST INCOME - Higher loan yields and balances drove increase in net interest income

BALANCE SHEET ACTIONS - Repayment of subordinated debt and increased loan loss reserves incurred one-time costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
Miss
$5 mln
$5.20 mln (2 Analysts)
Q3 Net Interest Income
$23.40 mln
Q3 Loan Loss Provision
$2.97 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for BayCom Corp is $31.00, about 10.7% above its October 21 closing price of $27.69

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBw8N8CQDa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)