BayCom Q2 EPS misses estimates on one-time costs

Baycom

23/07/2026 21:12

    

    Overview
  
U.S. regional bank reported Q2 net loss as adjusted EPS missed analyst expectations
Q2 results impacted by $10.5 mln in executive transition costs and higher credit loss provision
Nonperforming loans fell to $9.8 mln, down from $16.7 mln in prior quarter

    

    Outlook
  
Company says healthy deposit and loan pipelines position it well for coming quarters
BayCom notes ongoing competitive pressure in deposits impacting current market conditions

    

    Result Drivers
  
EXECUTIVE TRANSITION COSTS - $10.5 mln in severance, accelerated equity vesting and benefits for departing executives drove up noninterest expense
CREDIT LOSS PROVISION - $5.2 mln provision reflected loan growth, higher reserves on certain loans, and $2.8 mln in net charge-offs
LOWER NET INTEREST INCOME - Decline from prior quarter due to lower interest income on loans and absence of non-recurring items

    
Company press release: ID:nBw5xFrmya

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 EPS
Miss
-$0.64
$0.42 (3 Analysts)
Q2 Net Income
Miss
-$6.96 mln
$3.41 mln (2 Analysts)
Q2 Net Interest Income
 
$23.73 mln
 
Q2 Loan Loss Provision
 
$5.24 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "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 $32.00, about 3.9% below its July 22 closing price of $33.30
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

    

    Reuters Recommended Reads
  
July 21 - Metropolitan Bank Q2 EPS falls on credit loss provision and one-time expenses
July 22 - Eagle Bancorp Q2 net income falls on higher credit loss provision 
July 20 - Zions Bancorp Q2 adjusted EPS misses estimates as one-time gains lift net profit

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