BayCom (BCML) investor relations material

Executive summary

• Q3 net income was $1.1 million, or $0.10 diluted EPS, versus $5.0 million in Q3 2025 and a $7.0 million net loss in Q2 2026; securities and preferred-equity sales and staffing realignment reduced Q3 earnings by ~ $0.50 per share.

• 9M net income was $2.4 million versus $17.1 million a year earlier, reflecting executive departure costs, the securities sale loss and higher credit provision, partly offset by $5.0 million higher net interest income.

Financial highlights

• Q3 net interest income rose 9.2% YoY to $25.6 million; 9M net interest income increased 7.2% to $74.5 million.

• Q3 noninterest income was a $5.8 million loss versus $2.2 million income; 9M was a $2.8 million loss versus $5.2 million income, chiefly reflecting the $6.8 million AFS sale loss.

• Q3 noninterest expense was $17.7 million, up 10.7% YoY and down $9.5 million QoQ; 9M expense rose 28.6% to $61.3 million, including $10.5 million in executive departure costs.

• From Dec. 31, 2025, assets grew 3.2% to $2.68 billion, loans 4.1% to $2.13 billion and deposits 3.5% to $2.29 billion.

Outlook and guidance

• Priorities include organic commercial loan growth, core customer relationships, business investment and legacy cost improvements; acquisitions remain part of the long-term strategy, with minimal additional loan purchases anticipated in 2026.

• Repositioning is expected to improve yield on redeployed securities by 122 bps; costs of the repositioning and BOLI restructuring are expected to be recouped within ~3 years.

• Quarterly cash dividends are expected to continue at $0.30 per share, subject to Board discretion; the rate implies ~$3.3 million in quarterly cash needs.