BayCom (BCML) Q4 2025 earnings summary

Executive summary

• Reported Q4 2025 net income of $6.9 million ($0.63 per diluted share), up from $5.0 million in Q3 2025 and $6.1 million in Q4 2024.

• Full-year 2025 net income rose 1.3% year-over-year to $23.9 million, driven by higher net interest income and lower noninterest expense.

• Management highlighted growth in core lending, improved net interest income, and strengthened balance sheet through debt repayment and increased loan loss reserves.

Financial highlights

• Net interest income for Q4 2025 was $25.0 million, up 6.8% from Q3 2025 and 6.1% from Q4 2024.

• Annualized net interest margin rose to 4.03% from 3.68% in Q3 2025 and 3.80% in Q4 2024.

• Return on average assets was 1.05% for Q4 2025, up from 0.75% in Q3 2025 and 0.94% in Q4 2024.

• Noninterest income fell $1.4 million sequentially due to equity securities losses but rose $798,000 year-over-year.

• Noninterest expense increased 1.4% sequentially and 1.2% year-over-year, mainly from higher salaries and data processing costs.

• Provision for credit losses was $250,000 in Q4 2025, down from $3.0 million in Q3 2025 and up from a $403,000 reversal in Q4 2024.

• Total assets were $2.6 billion at December 31, 2025, steady with Q3 2025 and down from $2.7 billion at year-end 2024.

Outlook and guidance

• Management expects continued lending demand and stable credit quality in 2026.

• Focus remains on disciplined loan growth, prudent credit risk management, and expense control.

• Commitment to shareholder value through share repurchases and cash dividends.