BayCom (BCML) investor relations material

Executive summary

• Net income for Q1 2026 was $8.2 million ($0.75 per diluted share), up from $6.9 million in Q4 2025 and $5.7 million in Q1 2025, driven by higher net interest income, a reversal of provision for credit losses, and increased noninterest income.

• Leadership transition announced post-quarter, with new CEO, CFO, and Executive Vice Chair appointed to drive growth and strategic initiatives.

• Unusual items, including accretion income, FHLB special dividend, and credit loss reversal, boosted earnings by $0.12 per share.

Financial highlights

• Net interest income rose to $25.2 million, up 0.8% sequentially and 10.1% year-over-year.

• Annualized net interest margin improved to 4.11% from 4.03% in Q4 2025 and 3.83% in Q1 2025.

• Noninterest income increased 74.6% sequentially to $1.5 million, mainly due to equity securities gains and higher loan sale gains.

• Noninterest expense rose 2.1% sequentially and 3.2% year-over-year, mainly from higher salaries and benefits.

• Provision for income taxes increased to $2.7 million, with an effective tax rate of 25.0%.

Outlook and guidance

• Management expects a stronger loan pipeline and improved loan demand in the remainder of 2026, following a challenging Q1.

• Leadership transition is intended to support the next phase of growth and expansion in the Western Region.