BayCom (BCML) investor relations material

Executive summary

• Reported a net loss of $7.0 million for Q2 2026, compared to net income of $8.2 million in Q1 2026 and $6.4 million in Q2 2025, driven by $10.5 million in one-time executive transition costs and a $5.2 million provision for credit losses.

• Net interest income declined $1.5 million sequentially, while noninterest expense rose $10.7 million due to severance and benefit costs for departing executives.

• Loan growth was strong, with total loans increasing $64 million (3.2%) in the quarter, and nonperforming loans decreased by $6.9 million to $9.8 million.

• Average cost of deposits decreased 7 basis points to 1.56%, and capital ratios remained above regulatory thresholds for well-capitalized banks.

Financial highlights

• Net loss of $7.0 million, or $(0.64) per diluted share, for Q2 2026; net income of $1.2 million for the six months ended June 30, 2026.

• Net interest income was $23.7 million, down 5.8% sequentially but up 2.5% year-over-year.

• Annualized net interest margin was 3.95%, down from 4.11% in Q1 2026 but up from 3.77% in Q2 2025.

• Noninterest expense rose to $27.2 million, up 64.5% sequentially, mainly due to executive transition costs.

• Allowance for credit losses increased to $23.0 million (1.11% of loans), with $2.8 million in net charge-offs.

Outlook and guidance

• Leadership emphasized a strong underlying business, healthy deposit and loan pipelines, and ongoing efforts to reposition the balance sheet for future growth.

• Management expects continued focus on capturing new business opportunities and maintaining a diversified deposit franchise.