BayCom reports Q2 EPS 58c, consensus 55c

Q2 net interest margin was 3.77% vs. 3.83% for the preceding quarter and 3.69% for the same quarter a year ago. Tangible book value per share was $26.46 from $25.98 at previous quarter end. Common equity tier 1 capital ratio was 17.35% from 17.23% at previous quarter. CEO George Guarini commented, “Our financial results for Q2 continued a positive trend, supported by new lending activity and deposit growth. In addition, our key financial metrics remain strong and show continued improvement. Overall, our financial condition remains resilient, and we have not observed any signs of systemic credit weakness. We recognize the potential for economic conditions to deteriorate. In response, we remain focused on managing operating expenses, maintaining strong credit discipline, and closely monitoring the quality of our new loan originations. We remain committed to the strategic repurchase of shares and the payment of cash dividends, reinforcing our dedication to delivering long-term value to both our clients and shareholders.”