BCML

WALNUT CREEK, Calif., July 23, 2026--(BUSINESS WIRE)--BayCom Corp ("BayCom" or the "Company") (NASDAQ: BCML), the holding company for United Business Bank (the "Bank"), today announced a net loss of $7.0 million, or $(0.64) per diluted common share, for the second quarter of 2026, compared to net income of $8.2 million, or $0.75 per diluted common share, for the first quarter of 2026, and $6.4 million, or $0.58 per diluted common share, for the second quarter of 2025. Financial results for the second quarter of 2026 included $10.5 million of expenses related to severance, accelerated equity award vesting and employee benefits associated with the previously announced departures of three senior executives; $380,000 of accelerated premium amortization on acquired loans due to seasoning, which negatively impacted the average loan yield by eight basis points; and a $5.2 million provision for credit losses, primarily reflecting loan growth, increased required reserves on certain individually evaluated loans, and the impact of $2.8 million of net charge offs during the quarter. Financial results for the first quarter of 2026 were affected by certain items impacting comparability, including a combined $1.2 million of accelerated discount accretion and interest recovery resulting from the payoff of a single acquired $4.0 million commercial real estate loan, which increased average loan yield by 23 basis points; a $330,000 FHLB special dividend; and a $670,000 reversal of provision for credit losses due to a decrease in total loans outstanding during the first quarter of 2026. William Black, Executive Vice Chairman, commented, "Having completed our first quarter under our new executive leadership team, I want to thank the outstanding team members and customers of United Business Bank for their continued support. We are moving fast to capture new business opportunities, while positioning the balance sheet for the future — which in the current quarter included exiting certain loan relationships that do not fit our go-forward business model." Christopher Baron, President and Chief Executive Officer, commented, "Our diversified, relationship-driven deposit franchise remains one of our greatest advantages — despite competitive pressure, we lowered our cost of deposits seven basis points to 1.56% this quarter. While one-time severance and benefit costs from our executive transition affected reported results, our underlying business is strong, and healthy deposit and loan pipelines have us well-positioned for the quarters ahead." Second Quarter 2026 Performance Highlights: Total loans increased $64 million, or 3.2%, in the quarter, with strong loan growth especially at the end of the quarter. Average cost of deposits decreased to 1.56%, or 7 basis points from the prior quarter. Severance and employee benefit expenses related to departing executives were $10.5 million, which represents full and one-time costs for associated obligations. A $5.2 million provision for credit losses was recorded during the quarter, reflecting loan growth, increased required reserves on certain individually evaluated loans, and the impact of $2.8 million of net charge-offs during the quarter. The allowance for credit losses for loans rose to $23.0 million or 1.11% of loans. Nonperforming loans decreased by $6.9 million during the quarter to $9.8 million, or 0.47% of total loans, a decrease of 36 basis points from the prior quarter-end. Capital ratios above the regulatory thresholds for "well capitalized" banks, with a Total Capital ratio of 14.87%, a Common Equity Tier 1 ratio of 13.76%, and Tangible Common Equity ratio of 11.62%.* On May 22, 2026, the Company announced the declaration of a cash dividend on the Company’s common stock of $0.30 per share, which was paid on July 9, 2026 to shareholders of record as of June 11, 2026. *Tangible Common Equity ratio is a non-GAAP financial measure. See the reconciliation of GAAP and non-GAAP financial measures is presented at the end of this release. Earnings The Company reported a net loss of $7.0 million for the second quarter of 2026, compared to net income of $8.2 million for the first quarter of 2026. This decrease primarily reflected a $10.7 million increase in noninterest expense, driven largely by $10.5 million of severance, accelerated equity award vesting, and employee benefit costs associated with the previously announced departures of three senior executives, together with a $5.9 million increase in the provision for credit losses, compared to a $670,000 reversal of the provision for credit losses in the prior quarter. Net interest income also declined $1.5 million during the quarter, while noninterest income decreased by $59,000. These changes were partially offset by a $2.9 million decrease in the provision for income taxes. Compared to the second quarter of 2025, the change from net income of $6.4 million to a net loss of $7.0 million primarily reflected an $11.4 million increase in noninterest expense, largely attributable to executive transition costs, and a $5.0 million increase in the provision for credit losses. These changes were partially offset by a $568,000 increase in net interest income and a $2.6 million decrease in the provision for income taxes. Net income for the six months ended June 30, 2026 totaled $1.2 million, compared to $12.1 million for the same period in 2025. The decrease primarily was due to a $11.9 million increase in noninterest expense and a $3.7 million increase in the provision for credit losses, partially offset by a $2.9 million increase in net interest income, a $1.8 million decrease in provision for income taxes and a $78,000 increase in noninterest income. Net Interest Income and Margin Net interest income decreased $1.5 million, or 5.8%, to $23.7 million for the second quarter of 2026 from $25.2 million for the prior quarter, and increased $568,000, or 2.5%, from $23.2 million for the same quarter a year ago. The decrease from the prior quarter was primarily driven by decreases in interest income on loans, including fees, FHLB dividends and federal funds sold and interest-bearing balances in banks. These decreases were partially offset by decreases in interest expense on deposits and junior subordinated debentures and an increase in interest income on investment securities. The increase in net interest income compared to the same quarter in 2025 primarily reflects increases in interest income on loans, including fees, and decreases in interest expense on deposits, subordinated debt and junior subordinated debentures. These changes were partially offset by decreases in interest income on federal funds sold and interest-bearing balances in banks, FHLB and FRB dividends and interest income on investment securities. Average interest-earning assets decreased $71.4 million, or 2.9%, compared to the first quarter of 2026, and $50.6 million, or 2.1%, compared to the second quarter of 2025. Annualized net interest margin was 3.95% for the second quarter of 2026, compared to 4.11% for the first quarter of 2026 and 3.77% for the second quarter of 2025. The average yield earned (annualized) on interest-earning assets was 5.36% for the second quarter of 2026, down from 5.64% for the first quarter of 2026 and 5.45% for the second quarter of 2025. The 28 basis point decrease from the prior quarter primarily reflected the absence of $1.2 million of non-recurring discount accretion and interest recovery recognized during the first quarter of 2026, which contributed 23 basis points to the prior quarter’s average loan yield, and the absence of a FHLB special dividend received during the first quarter of 2026, which contributed five basis points. These decreases were partially offset by higher average yields on investment securities. Compared to the second quarter of 2025, the nine basis point decrease primarily reflected lower average yields on federal funds sold and interest-bearing balances in banks, lower FHLB dividend rates and, to a lesser extent, lower average loan yields, partially offset by higher average yields on investments. The average rate paid (annualized) on interest-bearing liabilities decreased to 2.14% for the second quarter of 2026, down from 2.29% for the prior quarter and from 2.54% for the second quarter of 2025. The decrease from the prior quarter was primarily due to the absence of accelerated amortization of deferred debt issuance costs associated with the early redemption of a junior subordinated debenture during the first quarter of 2026, as well as lower cost of deposits. The decrease in funding costs from the second quarter of 2025 was due to the payoff of the subordinated debt and junior subordinated debenture and lower rates paid on premium money market and time deposits, reflecting market-driven conditions. Interest income on loans, including fees, decreased $1.4 million, or 4.6%, to $28.2 million for the three months ended June 30, 2026, from $29.6 million for the prior quarter, primarily due to a $21.3 million decrease in the average balance of loans and a 27 basis point decrease in the average loan yield. Interest income on loans, including fees, increased $251,000, or 0.9%, for the three months ended June 30, 2026, from $28.0 million for the three months ended June 30, 2025, primarily due to a $28.3 million increase in the average balance of loans, partially offset by a three basis point decrease in the average loan yield. The average balance of loans was $2.0 billion for the three months ended June 30, 2026, March 31, 2026 and June 30, 2025. The average yield on loans was 5.60% for the second quarter of 2026, compared to 5.87% for the first quarter of 2026 and 5.63% for the second quarter of 2025. Interest income on loans included $380,000 of amortization of net premiums on acquired loans for the three months ended June 30, 2026, primarily due to continued seasoning and runoff of the acquired loan portfolio, which negatively impacted the average loan yield by eight basis points. This compares to accretion of net discounts of $600,000 and $110,000 for the three months ended March 31, 2026 and June 30, 2025, respectively, which positively impacted the average loan yield by 11 basis points during the first quarter of 2026 and had no significant impact during the second quarter of 2025. The balance of net premiums on these acquired loans totaled $245,000, $649,000 and $319,000 at June 30, 2026, March 31, 2026 and June 30, 2025, respectively. Interest income also included $110,000 of fees related to prepayment penalties for the three months ended June 30, 2026, compared to $17,000 and $109,000 for the three months ended March 31, 2026 and June 30, 2025, respectively. Interest income on investment securities increased $135,000, or 6.3%, to $2.3 million for the three months ended June 30, 2026, compared to $2.1 million for the three months ended March 31, 2026, and decreased $139,000, or 5.8%, from $2.4 million for the three months ended June 30, 2025. The average yield on investment securities increased eight basis points to 4.67% for the three months ended June 30, 2026, compared to 4.59% for the three months ended March 31, 2026, and decreased one basis point from 4.68% for the three months ended June 30, 2025. The increase in the average yield from the prior quarter primarily reflected purchases of investment securities at higher rates, while the average yield remained relatively unchanged compared to the same quarter a year ago. The average balance of investment securities totaled $194.7 million for the three months ended June 30, 2026, compared to $188.2 million and $206.5 million for the three months ended March 31, 2026 and June 30, 2025, respectively. In addition, the Company received $139,000 in cash dividends on its FRB and FHLB stock for the three months ended June 30, 2026, compared to $709,000 for the three months ended March 31, 2026, which included $330,000 of special dividends from the FHLB, and $392,000 for the three months ended June 30, 2025. Interest income on federal funds sold and interest-bearing balances in banks decreased $502,000, or 23.5%, to $1.6 million for the three months ended June 30, 2026, compared to $2.1 million for the three months ended March 31, 2026, as a result of a $57.0 million decrease in the average balance. Interest income on federal funds sold and interest-bearing balances in banks decreased $1.1 million, or 39.3%, from $2.7 million for the three months ended June 30, 2025, due to decreases in both the average yield and average balance. The average yield on federal funds sold and interest-bearing balances in banks remained at 3.70% for both the three months ended June 30, 2026 and March 31, 2026, and decreased 75 basis points from 4.45% for the three months ended June 30, 2025, reflecting decreases in Federal Reserve policy rates. The average balance of federal funds sold and interest-bearing balances in banks totaled $177.3 million for the three months ended June 30, 2026, compared to $234.2 million and $242.8 million for the three months ended March 31, 2026 and June 30, 2025, respectively. Interest expense on deposits decreased $565,000, or 6.3%, to $8.4 million for the three months ended June 30, 2026, compared to $9.0 million for the three months ended March 31, 2026, and decreased $810,000, or 8.8% compared to $9.2 million for the three months ended June 30, 2025. The decrease from the prior quarter was due to lower rates paid on money market and time deposits. Compared to the same quarter last year, the decrease also reflects lower rates on money market and time deposits, partially offset by a shift in deposit mix from noninterest-bearing to higher-cost accounts. The average cost of deposits (including noninterest-bearing deposits) for the three months ended June 30, 2026 was 1.56%, down from 1.63% for the three months ended March 31, 2026 and 1.71% for the three months ended June 30, 2025. The average balance of deposits totaled $2.2 billion for the second quarter of 2026, consistent with the first quarter of 2026, and increased from $2.1 billion for the second quarter of 2025. The average balance of noninterest-bearing deposits decreased $15.1 million, or 2.6%, to $571.4 million for the three months ended June 30, 2026, compared to $586.5 million for the three months ended March 31, 2026, and decreased $33.5 million, or 5.5%, compared to $604.9 million for the three months ended June 30, 2025. Interest expense on borrowings decreased $268,000, or 68.8%, to $122,000 for the three months ended June 30, 2026, compared to $390,000 for the three months ended March 31, 2026, and decreased $965,000, or 89.0%, compared to $1.1 million for three months ended June 30, 2025. The decrease compared to the prior quarter primarily reflected the redemption of one junior subordinated debenture during the first quarter of 2026, including the absence of $222,000 of accelerated amortization of debt issuance costs recognized upon redemption and lower interest expense on that debenture. The decrease compared to the second quarter of 2025 primarily reflected the redemption of all outstanding subordinated notes in the prior year and decrease in average balance of junior subordinated debentures. Provision for Credit Losses The Company recorded a $5.2 million provision for credit losses for the second quarter of 2026, compared to a reversal of the provision for credit losses of $670,000 and a provision for credit losses $203,000 for the first quarter of 2026 and the second quarter of 2025, respectively. The provision for credit losses in the current quarter primarily reflected the impact of $2.8 million in net charge-offs during the quarter, together with loan growth and increased specific reserves on certain individually evaluated loans. The impact of changes in the forecasted economic conditions was minimal, as lower projected unemployment was substantially offset by a decrease in gross domestic product. Noninterest Income Noninterest income for the second quarter of 2026 decreased $59,000, or 3.8%, to $1.5 million compared to the prior quarter of 2026, and $27,000, or 1.8%, compared to the second quarter of 2025. The decrease in noninterest income compared to the prior quarter of 2026 was primarily due to a $278,000 unfavorable swing on investment in a Small Business Investment Company ("SBIC") fund, which went from a gain of $85,000 for three months ended March 31, 2026, to loss of $193,000 for the three months ended June 30, 2026, and a $34,000 decrease in gain on sale of loans. These decreases were partially offset by increases of $134,000 in service charges and other fees, $66,000 in loan servicing fees and other fees, and a $37,000 increase in gain on equity securities. The decrease in noninterest income compared to the same quarter of 2025 was primarily due to a $163,000 decrease in loan servicing fees and other fees and a $38,000 decrease in service charges and other fees, partially offset by a $88,000 increase in gain on equity securities, a $35,000 increase in gain on sale of loans and a $34,000 decrease in loss on investment in SBIC fund. Noninterest Expense Noninterest expense for the second quarter of 2026 increased $10.7 million, or 64.5%, to $27.2 million, compared to $16.5 million for the first quarter of 2026, and increased $11.4 million, or 72.4%, compared to $15.8 million for the second quarter of 2025. Results for the current quarter included $10.5 million of severance, accelerated equity award vesting, and employee benefit costs associated with the previously announced departures of three senior executives. The increase from the prior quarter reflects a $493,000 increase in other expense primarily due to higher professional and legal fees attributable to the executive transition, along with an increase in business development and marketing expense. The increase was partially offset by a $42,000 decrease in occupancy and equipment expense. Compared to the second quarter of 2025, the increase in noninterest expense was primarily due to a $11.3 million increase in salaries and employee benefits related to costs associated with the previously announced departures of three senior executives, increased base wages, higher employee insurance claims, and lower deferred salary costs due to lower loan origination, as well as a $126,000 increase in data processing expense due to newly implemented services in 2026 and higher vendor data processing charges, and a $55,000 increase in other expense, partially offset by a $98,000 decrease in occupancy and equipment expense. Income Taxes The Company recorded an income tax benefit of $223,000 for the second quarter of 2026, compared to income tax expense of $2.7 million for the first quarter of 2026 and $2.4 million for the second quarter of 2025. The effective tax rate for the second quarter of 2026 was 3.1%, compared to 25.0% for the prior quarter and 27.0% for the second quarter of 2025. The decrease in the effective tax rate primarily reflected the tax benefit associated with the Company’s net loss during the current quarter, partially offset by the full tax effects associated with Section 162(m) limitations on the executive departures severance and other compensation obligations, which were recorded discretely in the second quarter of 2026. Loans and Credit Quality Loans, net of deferred fees, totaled $2.1 billion at June 30, 2026, compared to $2.0 billion both at March 31, 2026 and June 30, 2025. Loans increased $63.9 million from March 31, 2026, and increased $75.0 million from June 30, 2025. The increase in loans from March 31, 2026 was primarily due to $79.8 million of new loan originations and $63.4 million of loan purchases, partially offset by $71.2 million of loan repayments. During the current quarter, the Company sold loans totaling $9.2 million, of which $7.7 million were nonperforming assets. Nonperforming loans, consisting of non-accrual loans and accruing loans 90 days or more past due, totaled $9.8 million, or 0.47% of total loans, at June 30, 2026, compared to $16.7 million, or 0.83% of total loans, at March 31, 2026, and $16.4 million, or 0.82% of total loans, at June 30, 2025. The decrease from the prior quarter-end primarily reflected the payoff of one nonaccrual loan totaling $685,000 and the sale of two nonaccrual loans totaling $7.7 million, partially offset by two new nonaccrual commercial real estate loans totaling $3.5 million. The majority of nonperforming loans remain concentrated in the commercial real estate portfolio, while consumer and other commercial loans continue to exhibit low levels of delinquencies. The portion of nonaccrual loans guaranteed by government agencies totaled $862,000 at June 30, 2026, compared to $932,000 at March 31, 2026, and $610,000 at June 30, 2025. The decrease from the prior quarter-end primarily reflected paydowns. As of June 30, 2026, there were two loans totaling $677,000 that were 90 days or more past due and still accruing because they were in the process of collection, compared to no such loans at March 31, 2026 and three such loans totaling $2.9 million at June 30, 2025, of which $2.8 million were fully guaranteed by government agencies. Accruing loans past due 30-89 days totaled $2.2 million at June 30, 2026, compared to $2.3 million at March 31, 2026, and $9.2 million at June 30, 2025. The $108,000 decrease from March 31, 2026, was primarily due to paydowns, while the $7.0 million decrease from June 30, 2025 primarily reflected two loans that were brought current. At June 30, 2026, the Company’s allowance for credit losses for loans was $23.0 million, or 1.11% of total loans, compared to $20.6 million, or 1.02% of total loans, at March 31, 2026 and $18.7 million, or 0.94% of total loans, at June 30, 2025. Net charge-offs totaled $2.8 million for the second quarter of 2026, compared to $15,000 in the prior quarter, and $13,000 in the second quarter of 2025. The increase in the allowance for credit losses on loans during the second quarter of 2026 primarily reflected a $1.6 million increase in specific reserves for individually evaluated loans, primarily due to one commercial real estate loan, and a $785,000 increase in reserves for pooled loans due to loan growth. The impact of changes in forecasted economic conditions was minimal, as lower projected unemployment was substantially offset by a decrease in gross domestic product. Qualitative risk factor classifications remained unchanged during the quarter. At June 30, 2026, acquired loans, net of discounts and premiums, totaled $40.8 million, with a remaining net premium of $245,000, compared to $108.4 million and $649,000 at March 31, 2026, and $141.7 million and $319,000 at June 30, 2025, respectively. The decrease in acquired loans, net of discounts and premiums, from March 31, 2026 was primarily due to migration to the general pool of $58.9 million of acquired loans, including a $330,000 net premium, as the portfolio continued to season, with most of these loans having not been renewed or re-underwritten during the second quarter of 2026. Deposits and Borrowings Deposits decreased $95.5 million, or 4.2%, to $2.2 billion at June 30, 2026, compared to $2.3 billion at March 31, 2026, and decreased $16.7 million, or 0.8%, compared to $2.2 billion at June 30, 2025. Noninterest-bearing deposits totaled $576.5 million, or 26.6% of total deposits, at June 30, 2026, compared to $609.2 million, or 26.9%, at March 31, 2026, and $616.1 million, or 28.2%, at June 30, 2025. We consider our deposit base to be stable and well-diversified, and we do not have any significant industry concentrations among our noninsured deposits. At June 30, 2026 and March 31, 2026, our average deposit account size (excluding public funds), calculated by dividing period-end deposits by the number of accounts with balances, was approximately $62,000 and $63,000, respectively. The Bank maintains a secured FHLB of San Francisco borrowing facility for up to 25% of total assets, secured by certain types of loans with $25.0 million of overnight advances outstanding at June 30, 2026, compared to none at March 31, 2026 and June 30, 2025. The Bank has access to borrowing capacity through unused Federal Funds lines with four correspondent banks and an approved, unused Federal Reserve discount window facility. Shareholders’ Equity Shareholders’ equity totaled $335.4 million at June 30, 2026, compared to $344.0 million at March 31, 2026 and $330.6 million at June 30, 2025. The decrease from March 31, 2026 primarily reflected a net loss of $7.0 million and $3.3 million of accrued cash dividends, partially offset by a $1.2 million increase in common stock due to stock based compensation related to accelerated vesting of shares for departing executives, $470,000 of other comprehensive income, net of taxes, primarily related to changes in unrealized gains on available-for-sale securities. At June 30, 2026, 202,444 shares remained available for repurchase under the Company’s current stock repurchase program. About BayCom Corp The Company, through its wholly owned operating subsidiary, United Business Bank, offers a full range of loans, including SBA, CalCAP, FSA and USDA guaranteed loans, and deposit products and services to businesses and their affiliates in California, Washington, New Mexico, Colorado and Nevada. The Bank is an Equal Housing Lender and a member of FDIC. The Company’s common stock is listed on the NASDAQ Global Select Market under the symbol "BCML". For more information, go to www.unitedbusinessbank.com. Forward-Looking Statements This release, as well as other public or shareholder communications by the Company, may contain forward-looking statements, including, but not limited to, (i) statements regarding the financial condition, results of operations and business of the Company, (ii) statements about the Company’s plans, objectives, expectations and intentions and other statements that are not historical facts and (iii) other statements identified by the words or phrases "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," "intends" or similar expressions that are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts but instead are based on current beliefs and expectations of the Company’s management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company’s control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. There are a number of factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements and from historical performance. Factors that could cause actual results to differ materially include, but are not limited to: the Company’s ability to successfully execute its management transition, retain key employees and clients, and achieve its strategic objectives; adverse economic conditions in the Company’s local market areas, other markets where the Company has lending relationships; changes in employment levels, labor shortages, persistent inflation, recessionary pressures, or slowing economic growth; changes in interest rate levels and volatility, and the timing and pace of such changes, including actions by the Board of Governors of the Federal Reserve System (the "Federal Reserve"), which could adversely affect the Company’s revenues and expenses, the value of its assets and obligations, and the availability and cost of capital and liquidity; the impact of inflation and related monetary and fiscal responses, and their effect on consumer and business behavior; fiscal policy disputes or disruptions, including the effects of any federal government shutdown or delays in budget approvals; the impact of bank failures or adverse developments at other banks and related negative publicity about the banking industry on investor and depositor sentiment; review of the Company’s accounting, accounting policies and internal control over financial reporting; future acquisitions by the Company of other depository institutions or lines of business; the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for credit losses; the Company's ability to access cost-effective funding; fluctuations in real estate values and both residential and commercial real estate market conditions; increased competitive pressures, including repricing and competitors’ pricing initiatives, and their impact on the Company’s market position and loan and deposit products; changes in management’s business strategies, including expectations regarding key growth initiatives and strategic priorities; vulnerabilities in information systems or third-party service providers, including disruptions, breaches, or cyberattacks; environmental, social and governance matters; legislation or regulatory changes, including but not limited to changes in capital requirements, banking regulations, tax laws, or consumer protection laws; the ability to adapt to rapid technological changes, including advancements related to artificial intelligence, digital banking platforms, and cybersecurity; the potential for new or increased tariffs, trade restrictions or geopolitical tensions that could affect financial markets, global supply chains, commodity prices, or economic activity; the effects of climate change, severe weather events, natural disasters, pandemics, epidemics and other public health crises, acts of war or terrorism, domestic political unrest and other external events on the Company’s business; and other factors described in the Company’s latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other reports filed with or furnished to the SEC, which are available on the Company’s website at www.unitedbusinessbank.com and on the SEC's website at www.sec.gov. The factors listed above could materially affect the Company’s financial performance and could cause the Company’s actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake - and specifically declines any obligation - to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, whether as a result of new information, future events or otherwise, except as may be required by law or NASDAQ rules. When considering forward-looking statements, you should keep in mind these risks and uncertainties. You should not place undue reliance on any forward-looking statement, which speaks only as of the date made. Non-GAAP Financial Measures: In addition to results presented in accordance with generally accepted accounting principles utilized in the United States ("GAAP"), this earnings release contains return on average tangible common equity, tangible book value per share and tangible equity to tangible assets, each of which is a non-GAAP financial measure. Return on average tangible common equity is calculated by dividing net income for the period by average tangible common shareholders’ equity for the period. Tangible book value per share is calculated by dividing tangible common shareholders’ equity by the number of common shares outstanding at the end of the period. Tangible equity, tangible common shareholders’ equity and average tangible common shareholders’ equity exclude intangible assets from shareholders’ equity, and tangible assets exclude intangible assets from total assets. For these financial measures, the Company’s intangible assets are goodwill and core deposit intangibles. The Company believes that these measures are consistent with the capital treatment by our bank regulatory agencies, which excludes intangible assets from the calculation of risk-based capital ratios, and presents these measures to facilitate comparison of the quality and composition of the Company’s capital over time in comparison to its peers. Non-GAAP financial measures have inherent limitations and are not required to be uniformly applied. Further, these non-GAAP financial measures should not be considered in isolation or as a substitute for the comparable financial measures determined in accordance with GAAP and may not be comparable to similarly titled measures reported by other companies. Reconciliation of the GAAP and non-GAAP financial measures is presented below: View source version on businesswire.com: https://www.businesswire.com/news/home/20260723751238/en/ Contacts BayCom CorpKevin L. Thompson, [email protected]

Bay Commercial Bank (BCML) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -50.00%. A quarter ago, it was expected that this company would post earnings of $0.62 per share when it actually produced earnings of $0.75, delivering a surprise of +20.97%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Bay Commercial Bank, which belongs to the Zacks Banks - West industry, posted revenues of $25.21 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 3.58%. This compares to year-ago revenues of $24.67 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Bay Commercial Bank shares have added about 13.3% since the beginning of the year versus the S&P 500's gain of 9.6%. While Bay Commercial Bank has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Bay Commercial Bank was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.67 on $26.6 million in revenues for the coming quarter and $2.73 on $106.3 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Bank of Marin (BMRC), has yet to report results for the quarter ended June 2026. The results are expected to be released on July 27. This bank holding company is expected to post quarterly earnings of $0.52 per share in its upcoming report, which represents a year-over-year change of +79.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Bank of Marin's revenues are expected to be $34.05 million, up 16.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bay Commercial Bank (BCML) : Free Stock Analysis Report Bank of Marin Bancorp (BMRC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Bay Commercial Bank (BCML) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +21.95%. A quarter ago, it was expected that this company would post earnings of $0.65 per share when it actually produced earnings of $0.63, delivering a surprise of -3.08%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Bay Commercial Bank, which belongs to the Zacks Banks - West industry, posted revenues of $26.74 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 3.65%. This compares to year-ago revenues of $24.32 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Bay Commercial Bank shares have lost about 2.1% since the beginning of the year versus the S&P 500's gain of 4.3%. While Bay Commercial Bank has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Bay Commercial Bank was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.64 on $26.1 million in revenues for the coming quarter and $2.65 on $105.1 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Hope Bancorp (HOPE), has yet to report results for the quarter ended March 2026. The results are expected to be released on April 28. This bank holding company is expected to post quarterly earnings of $0.22 per share in its upcoming report, which represents a year-over-year change of +15.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Hope Bancorp's revenues are expected to be $144.1 million, up 23.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bay Commercial Bank (BCML) : Free Stock Analysis Report Hope Bancorp, Inc. (HOPE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

WALNUT CREEK, Calif., April 23, 2026--(BUSINESS WIRE)--BayCom Corp ("BayCom" or the "Company") (NASDAQ: BCML), the holding company for United Business Bank (the "Bank" or "UBB"), announced earnings of $8.2 million, or $0.75 per diluted common share, for the first quarter of 2026, compared to earnings of $6.9 million, or $0.63 per diluted common share, for the fourth quarter of 2025 and $5.7 million, or $0.51 per diluted common share, for the first quarter of 2025. Net income for the first quarter of 2026 increased $1.3 million, or 19.3%, compared to the fourth quarter of 2025. This increase was primarily the result of a $920,000 favorable change in the provision for credit losses, reflecting a net recovery of $670,000 in the current quarter compared to a $250,000 provision in the prior quarter, as well as a $660,000 increase in noninterest income and a $191,000 increase in net interest income. These changes were partially offset by a $340,000 increase in noninterest expense, primarily due to higher salaries and employee benefits, and a $109,000 increase in the provision for income taxes. Compared to the first quarter of 2025, net income increased $2.5 million, or 43.5%, primarily as a result of a $2.3 million increase in net interest income and a $1.3 million favorable change in the provision for credit losses, reflecting a net recovery in the current quarter compared to a $642,000 provision in the prior-year quarter, as well as a $105,000 increase in noninterest income. These changes were partially offset by a $517,000 increase in noninterest expense and a $738,000 increase in the provision for income taxes. William Black, Executive Vice Chairman, commented, "I am excited to join BayCom and United Business Bank alongside my colleagues Chris Baron, the Company’s new President & Chief Executive Officer, and Kevin Thompson, the Company’s new Chief Financial Officer. I want to thank the departing executives, who worked tirelessly over the past 22 years to create a well-respected institution with a strong foundation for future growth – a clean balance sheet, a strong deposit franchise, and a disciplined credit culture." Christopher Baron, President and Chief Executive Officer, commented, "I am excited to be working with the United Business Bank team, and I am grateful for the warm welcome and their continued commitment to the Bank’s clients and communities. Our focus is on building a strong growth engine, enhancing our valuation, and pursuing larger, more transformational opportunities to complete our Western Region footprint. "For the first quarter of 2026, financial metrics show continued improvement, with growing net interest income and stable credit quality. There were a number of unusual items in the quarter, including additional accretion income, an FHLB special dividend, a reversal of provision for credit losses, and other minor items, which collectively increased earnings by approximately $0.12 per share. Though loan demand was challenging during the quarter due to economic uncertainty, we are already seeing a stronger loan pipeline in April, and we are optimistic that this momentum will build through the remainder of the year." First Quarter Performance Highlights: Annualized net interest margin was 4.11% for the current quarter, up from 4.03% the preceding quarter and 3.83% the same quarter a year ago. Annualized return on average assets was 1.25% for current quarter, up from 1.05% the preceding quarter and 0.89% the same quarter a year ago. Total assets remained steady at $2.6 billion at March 31, 2026, compared to December 31, 2025, and March 31, 2025. Loans, net of deferred fees, totaled $2.0 billion at March 31, 2026, compared to $2.1 billion at December 31, 2025 and $2.0 billion at March 31, 2025. Nonperforming loans totaled $16.7 million or 0.83% of total loans, at March 31, 2026, compared to $13.4 million, or 0.65% of total loans, at December 31, 2025, and $10.0 million, or 0.51% of total loans, at March 31, 2025. The allowance for credit losses for loans totaled $20.6 million, or 1.02% of total loans outstanding, at March 31, 2026, compared to $21.2 million, or 1.03% of total loans outstanding, at December 31, 2025, and $18.5 million, or 0.94% of total loans outstanding, at March 31, 2025. A $670,000 reversal of provision for credit losses was recorded during the current quarter, compared to a provision for credit losses of $250,000 in the prior quarter and $642,000 in the same quarter a year ago. Deposits totaled $2.3 billion at March 31, 2026, compared to $2.2 billion at December 31, 2025 and $2.1 billion at March 31, 2025. At March 31, 2026, noninterest-bearing deposits totaled $609.2 million, or 26.9% of total deposits, compared to $578.1 million, or 26.1% of total deposits, at December 31, 2025, and $589.5 million, or 27.7% of total deposits, at March 31, 2025. The Company did not repurchase any shares of common stock during the first quarter of 2026, compared to 29,111 shares repurchased during the fourth quarter of 2025 at an average cost of $27.75 per share, and 50,793 shares repurchased during the first quarter of 2025 at an average cost of $25.82 per share. On February 19, 2026, the Company announced the declaration of a cash dividend on the Company’s common stock of $0.30 per share, which was paid on April 9, 2026 to shareholders of record as of March 12, 2026. The Bank remained a "well-capitalized" institution for regulatory capital purposes at March 31, 2026. Subsequent to quarter-end, the Company announced an executive leadership transition; additional details are provided below. Earnings Net interest income increased $191,000, or 0.8%, to $25.2 million for the first quarter of 2026 from $25.0 million for the prior quarter, and increased $2.3 million, or 10.1%, from $22.9 million for the same quarter a year ago. The increase from the prior quarter was primarily driven by increases in fed funds sold and interest-bearing balances in banks and FHLB dividends, and a decrease in interest expense on deposits. These changes were partially offset by decreases in interest income on loans, including fees, and interest income on investment securities, and an increase in interest expense on junior subordinated debentures. The increase in net interest income compared to the same quarter in 2025 primarily reflects increases in interest income on loans, including fees, and FHLB dividends, and a decrease in interest expense on subordinated debt. These changes were partially offset by decreases in interest income on fed funds sold and interest-bearing balances in banks and on investment securities. Average interest-earning assets increased $19.3 million, or 0.8%, compared to the fourth quarter of 2025, and $59.9 million, or 2.3%, compared to the first quarter of 2025. The average yield earned (annualized) on interest earning assets for the first quarter of 2026 was 5.64%, up from 5.53% for the fourth quarter of 2025 and 5.46% for the first quarter of 2025. The increase from the prior quarter reflects higher average yields on loans, partially offset by a lower average yield on investments and federal funds sold and interest-bearing balances in banks. The increase from the first quarter of 2025 reflects the origination of new loans at higher rates, and a special additional dividend received from the FHLB, partially offset by a lower average yield on interest-bearing balances in banks. The average rate paid (annualized) on interest-bearing liabilities increased to 2.29% for the first quarter of 2026, up from 2.28% for the prior quarter and down from 2.49% for the first quarter of 2025. The slight increase over the prior quarter was primarily due to the acceleration of deferred debt issuance cost amortization associated with the early redemption of a junior subordinated debenture during the first quarter of 2026, partially offset by slightly lower deposit rates, reflecting the repricing of maturing time deposits at lower prevailing market rates as short-term interest rates stabilized during the quarter. The decrease in funding costs from the first quarter of 2025 was due to the payoff of the subordinated debt and lower rates paid on premium money market and time deposits, reflecting similar market-driven repricing conditions. Interest income on loans, including fees, decreased $225,000, or 0.8%, to $29.6 million for the three months ended March 31, 2026, from $29.8 million for the prior quarter, primarily due to an $18.6 million decrease in the average balance of loans, partially offset by a 13 basis point increase in the average loan yield. Interest income on loans, including fees, increased $2.4 million, or 8.9%, for the three months ended March 31, 2026, from $27.1 million for the three months ended March 31, 2025, primarily due to an $89.2 million increase in the average balance of loans and a 23 basis point increase in the average loan yield. The average balance of loans was $2.0 billion for the first quarter of 2026, compared to $2.0 billion and $2.1 billion for the fourth quarter of 2025 and first quarter of 2025, respectively. The average yield on loans was 5.87% for the first quarter of 2026, compared to 5.74% for the fourth quarter of 2025 and 5.64% for the first quarter of 2025. Interest income on loans also included $600,000 in accretion of the net discount on acquired loans for the three months ended March 31, 2026, compared to $58,000 and $215,000 for the three months ended December 31, 2025 and March 31, 2025, respectively. During the current quarter, one $4.0 million acquired commercial real estate loan paid off, resulting in $555,000 of discount accretion. Accretion of the net discount positively impacted the average loan yield by 11 basis points during the current quarter, compared to minimal impact during the fourth quarter of 2025 and the first quarter of 2025. The balance of net premiums on these acquired loans totaled $649,000, $87,000, and $223,000 at March 31, 2026, December 31, 2025, and March 31, 2025, respectively. Interest income also included $17,000 of fees related to prepayment penalties for the three months ended March 31, 2026, compared to $209,000 and $162,000 for the three months ended December 31, 2025 and March 31, 2025, respectively. Interest income on investment securities decreased $111,000, or 4.9%, to $2.1 million for the three months ended March 31, 2026, compared to $2.2 million for the three months ended December 31, 2025, and decreased $322,000, or 13.1%, from $2.5 million for the three months ended March 31, 2025. The average yield on investment securities decreased two basis points to 4.59% for the three months ended March 31, 2026, compared to 4.61% for the three months ended December 31, 2025, and decreased 14 basis points from 4.73% for the three months ended March 31, 2025. The decrease from the prior quarter and same quarter a year ago was due to paydowns and calls on higher variable-rate securities and rate resets on variable rate securities. The average balance of investment securities totaled $188.2 million for the three months ended March 31, 2026, compared to $193.1 million and $210.2 million for the three months ended December 31, 2025 and March 31, 2025, respectively. In addition, the Company received $709,000 in cash dividends on its FRB and FHLB stock for the three months ended March 31, 2026, including $330,000 in special dividends from the FHLB, compared to $386,000 for the three months ended December 31, 2025 and $393,000 for the three months ended March 31, 2025. Interest income on federal funds sold and interest-bearing balances in banks increased $223,000, or 11.7%, to $2.1 million for the three months ended March 31, 2026, compared to $1.9 million for the three months ended December 31, 2025, as a result of a $43.5 million increase in the average balance, partially offset by a 28 basis point decrease in average yield. Interest income decreased $513,000, or 19.4%, from $2.6 million for the three months ended March 31, 2025, due to decreases in both the average yield and average balance. The average yield on federal funds sold and interest-bearing balances in banks decreased 28 basis points to 3.70% for the three months ended March 31, 2026, compared to 3.98% for the three months ended December 31, 2025, and decreased 77 basis points from 4.47% for the three months ended March 31, 2025, reflecting decreases in Federal Reserve policy rates. The average balance of federal funds sold and interest-bearing balances in banks totaled $234.2 million for the three months ended March 31, 2026, compared to $190.8 million and $240.3 million for the three months ended December 31, 2025 and March 31, 2025, respectively. Interest expense increased $19,000, or 0.2%, to $9.4 million for the three months ended March 31, 2026, compared to $9.3 million for the three months ended December 31, 2025, and decreased $412,000, or 4.2%, compared to $9.8 million for the three months ended March 31, 2025. The increase in interest expense compared to the prior quarter primarily reflects the Company’s redemption of one junior subordinated debenture in the current quarter, which included $222,000 of accelerated amortized debt issuance costs. The decrease in interest expense compared to the same quarter of 2025 was primarily due to the Company’s redemption of all outstanding subordinated debt, resulting in lower interest expense. The average cost of interest-bearing liabilities for the first quarter of 2026 was 2.29%, up from 2.28% for the fourth quarter of 2025 and down from 2.49% for first quarter of 2025. Interest expense on deposits decreased $186,000, or 2.0%, to $9.0 million for the three months ended March 31, 2026, compared to $9.2 million for the three months ended December 31, 2025, and increased $281,000, or 3.2% compared to $8.7 million for the three months ended March 31, 2025. The decrease from the prior quarter was due to lower rates paid on money market and time deposits. Compared to the same quarter last year, the decrease also reflects lower rates on money market and time deposits, partially offset by a shift in deposit mix from noninterest-bearing to higher-cost accounts. The average cost of deposits (including noninterest-bearing deposits) for the three months ended March 31, 2026 was 1.63%, down from 1.64% for the three months ended December 31, 2025 and 1.66% for the three months ended March 31, 2025. The average balance of deposits totaled $2.2 billion for the first quarter of 2026, consistent with the fourth quarter of 2025, and $2.1 billion for the first quarter of 2025. The average balance of noninterest-bearing deposits decreased $19.2 million, or 3.2%, to $586.5 million for the three months ended March 31, 2026, compared to $605.7 million for the three months ended December 31, 2025, and decreased $17.2 million, or 2.9%, compared to $603.7 million for the three months ended March 31, 2025. Annualized net interest margin was 4.11% for the first quarter of 2026, compared to 4.03% for the fourth quarter of 2025 and 3.83% for the first quarter of 2025. The average yield on interest-earning assets for the first quarter of 2026 increased 11 basis points and 18 basis points from the prior quarter and the first quarter of 2025, respectively. The average rate paid on interest-bearing liabilities decreased one basis point and 20 basis points from the prior quarter and the first quarter of 2025, respectively. The increase in net interest margin from the prior quarter and the same quarter a year ago reflects higher average yields on loans, the impact of discount accretion on acquired loans, a special dividend from the FHLB, and lower average costs of interest-bearing liabilities, partially offset by the redemption of subordinated debt. For the first quarter of 2026, the average yield on loans increased to 5.87%, contributing to the year-over-year improvement in asset yields. The Company recorded a $670,000 reversal of provision for credit losses for the first quarter of 2026, compared to provisions of $250,000 and $642,000 for the fourth quarter of 2025 and the first quarter of 2025, respectively. The reversal of provision in the current quarter was mainly driven by a decrease in total loans outstanding and, to a lesser extent, decreasing quantitative loss rates due to favorable changes in forecasted economic conditions. Noninterest income for the first quarter of 2026 increased $660,000, or 74.6%, to $1.5 million compared to $885,000 for the prior quarter of 2025, and increased $105,000, or 7.3%, compared to $1.4 million for the first quarter of 2025. The increase in noninterest income compared to the prior quarter of 2025 was primarily due to an $811,000 swing in equity securities, which went from a loss of $753,000 for the three months ended December 31, 2025, to a gain of $58,000 for the three months ended March 31, 2026, reflecting positive fair value adjustments due to strong market conditions, and a $116,000 increase in gain on sale of loans. These increases were partially offset by decreases of $130,000 in loan servicing fees and other fees due to decrease in loan activity and late charges, $112,000 in service charges and other fees, and $13,000 in other income and loan fees. The increase in noninterest income compared to the same quarter of 2025 was primarily due to a $313,000 swing in equity securities, which went from a loss of $255,000 for the three months ended March 31, 2025, a $194,000 increase in gain on a Small Business Investment Company ("SBIC") fund investment, partially offset by a $204,000 decrease in service charges and other fees due to lower customer deposits placed in Certificate of Deposit Account Registry Service ("CDARS") and Insured Cash Sweep ("ICS") money market product services via the IntraFi Network, a $102,000 decrease in loan servicing fees and other fees primarily due to decrease in late charges, and a $75,000 decrease in gain on sale of loans. Noninterest expense for the first quarter of 2026 increased $340,000, or 2.1%, to $16.5 million, compared to $16.2 million for the fourth quarter of 2025, and increased $517,000, or 3.2%, compared to $16.0 million for the first quarter of 2025. The increase from the prior quarter primarily reflects a $457,000 increase in salaries and employee benefits due to an adjustment to higher incentive expense at payout and an increase in base wages. This increase was partially offset by a $90,000 decrease in other expense, which was due in part to a $50,000 increase in the amount of excess funds returned to the Bank from a loss reserve account previously established under the California Capital Access Program (CalCAP), which is designed to support small business lending by requiring contributions to a reserve fund that covers potential loan losses. These funds were no longer needed due to strong loan performance and were returned to the Bank. Compared to the first quarter of 2025, the increase in noninterest expense was primarily due to a $914,000 increase in salaries and employee benefits, resulting from higher incentive expense, increased base wages, higher employee insurance claims, and lower deferred salary costs due to lower loan originations, as well as a $185,000 increase in data processing expense due to newly implemented services in 2025 and higher vendor data processing charges. These increases were partially offset by a $573,000 decrease in other expense, primarily due to $450,000 of excess funds being returned to the Bank in the first quarter of 2026 from the CalCAP loss reserve account, whereas no unused CalCAP funds were returned in the first quarter of 2025, as well as lower legal and professional service costs and reduced deposit premium amortization. The provision for income taxes increased $109,000, or 4.2%, to $2.7 million for the first quarter of 2026, compared to $2.6 million for the fourth quarter of 2025 and increased $738,000, or 37.1%, from $2.0 million for the first quarter of 2025. The effective tax rate for the first quarter of 2026 was 25.0%, compared to 27.6% for the prior quarter of 2025 and 25.8% for the first quarter of 2025. The decrease in the effective tax rate from the prior quarter and the same quarter a year ago primarily reflects true-up adjustments for state apportionment and other year-end adjustments. Loans and Credit Quality Loans, net of deferred fees, totaled $2.0 billion at March 31, 2026, compared to $2.1 billion at December 31, 2025 and $2.0 billion at March 31, 2025. Loans decreased $55.1 million from December 31, 2025, and increased $44.6 million from March 31, 2025. The decrease in loans from December 31, 2025 was primarily due to $90.5 million of loan repayments, partially offset by $34.7 million of new loan originations and $3.2 million of loan purchases. During the current quarter, the Company sold loans totaling $2.4 million, of which $919,000 were nonperforming assets. Nonperforming loans, consisting of non-accrual loans and accruing loans 90 days or more past due, totaled $16.7 million, or 0.83% of total loans, at March 31, 2026, compared to $13.4 million, or 0.65% of total loans, at December 31, 2025, and $9.8 million, or 0.51% of total loans, at March 31, 2025. The increase from the prior quarter-end was primarily due to one $4.9 million commercial real estate loan being placed on non-accrual during the current quarter, partially offset by payoffs of five non-accrual loans totaling $1.6 million. The majority of nonperforming loans remain concentrated in the commercial real estate portfolio, while consumer and other commercial loans continue to exhibit low levels of delinquencies. The portion of nonaccrual loans guaranteed by government agencies totaled $932,000 at March 31, 2026, compared to $1.7 million at December 31, 2025, and $618,000 at March 31, 2025, with the decrease from the prior quarter-end being due to pay-off of one government guaranteed loan. As of March 31, 2026 and December 31, 2025, there were no loans 90 days or more past due that were still accruing and in the process of collection, compared to one such loan totaling $150,000 at March 31, 2025. Accruing loans past due 30-89 days totaled $2.3 million at March 31, 2026, compared to $1.1 million at December 31, 2025, and $10.8 million at March 31, 2025. The $1.2 million increase in accruing loans past due 30-89 days at March 31, 2026, as compared to December 31, 2025, was primarily due to two SBA commercial real estate loans totaling $1.4 million and 15 CalCAP truck loans totaling $565,000, partially offset by paydowns and loans returning to accrual status. At March 31, 2026, the Company’s allowance for credit losses for loans was $20.6 million, or 1.02% of total loans, compared to $21.2 million, or 1.03% of total loans, at December 31, 2025 and $18.5 million, or 0.94% of total loans, at March 31, 2025. We recorded $14,000 in net charge-offs for the first quarter of 2026, compared to no net charge-offs in the prior quarter, and $102,000 net charge-offs in the first quarter of 2025. The decrease in the allowance for loan losses at March 31, 2026, compared to December 31, 2025, was primarily attributable to a decrease in the reserve for pooled loans due to lower loan balances, partially offset by changes in macroeconomic forecasts, including lower forecasted unemployment and an improved national gross domestic product outlook. In addition, there was an $81,000 decrease in the reserve for individually evaluated loans as compared to the prior quarter. Qualitative risk factor classifications remained unchanged during the quarter. At March 31, 2026, acquired loans, net of discounts and premiums, totaled $108.4 million, with a remaining net premium of $649,000, compared to $123.6 million and $87,000 at December 31, 2025, and $152.4 million and $223,000 at March 31, 2025, respectively. The decrease in acquired loans, net of discounts and premiums, from December 31, 2025 was primarily due to $585,000 of discount accretion resulting from the payoff of one acquired commercial real estate loan. Deposits and Borrowings Deposits increased $51.8 million, or 2.3%, to $2.3 billion at March 31, 2026, compared to $2.2 billion at December 31, 2025, and increased $136.6 million, or 6.4%, compared to $2.1 billion at March 31, 2025. Noninterest-bearing deposits totaled $609.2 million, or 26.9% of total deposits, at March 31, 2026, compared to $578.1 million, or 26.1%, at December 31, 2025, and $589.5 million, or 27.7%, at March 31, 2025. We consider our deposit base to be seasoned, stable and well-diversified, and we do not have any significant industry concentrations among our non-insured deposits. We also offer an insured cash sweep (ICS) product that allows customers to insure deposits above FDIC insurance limits. At both March 31, 2026 and December 31, 2025, our average deposit account size (excluding public funds), calculated by dividing period-end deposits by the population of accounts with balances, was approximately $63,000. The Bank has an approved secured borrowing facility with the FHLB of San Francisco for up to 25% of total assets for a term not to exceed five years under a blanket lien of certain types of loans, with no FHLB advances outstanding at March 31, 2026, December 31, 2025 or March 31, 2025. The Bank also has Federal Funds lines with four correspondent banks, with an aggregate available commitment of $65.0 million at March 31, 2026. The Bank has approved discount window advances with the FRB of San Francisco secured by certain loan types. The Bank had no outstanding FHLB advances, Federal Reserve discount window borrowings, or other borrowings at March 31, 2026, December 31, 2025, or March 31, 2025. At March 31, 2026, outstanding junior subordinated debentures totaled $5.9 million, compared to $8.7 million at December 31, 2025 and March 31, 2025. The decrease reflects the redemption of one debenture during the first quarter of 2026. The Company had no subordinated debt outstanding at March 31, 2026 and December 31, 2025, compared to $63.8 million at March 31, 2025, due to redemption during 2025. Shareholders’ Equity Shareholders’ equity totaled $344.0 million at March 31, 2026, compared to $338.6 million at December 31, 2025, and $329.3 million at March 31, 2025. The increase from December 31, 2025 was primarily the result of net income of $8.2 million and $340,000 of other comprehensive income, net of taxes, related mainly to changes in unrealized gains on available-for-sale securities. These increases were partially offset by $3.3 million of accrued cash dividends. At March 31, 2026, a total of 202,444 shares remained available for repurchase under the Company’s current stock repurchase program. The increase in shareholders’ equity during the three months ended March 31, 2026, compared to the three months ended March 31, 2025, primarily was due to a $2.5 million increase in net income and a $1.2 million decrease in other comprehensive income, net of taxes, during the three months ended March 31, 2026. Management Transition Subsequent to quarter-end, the Company announced an executive leadership transition to support the Company’s next phase of growth, including the appointment of William J. Black, Jr. as Executive Vice Chair, Christopher F. Baron as President and Chief Executive Officer, and Kevin L. Thompson as EVP, Chief Financial Officer and Corporate Secretary. On April 7, 2026, the Board of Directors approved the involuntary termination without cause of three senior executive officers: George J. Guarini (President and Chief Executive Officer), Janet L. King (Sr. EVP and Chief Operating Officer), and Keary L. Colwell (Sr. EVP, Chief Financial Officer, Chief Administrative Officer and Corporate Secretary). In connection with these actions, the Company expects to recognize charges in the second quarter of 2026 related to cash severance, equity award vesting acceleration, and continuation of benefits for the departing executives. Each departing executive’ change in role was effective April 10, 2026, with a separation date of July 6, 2026, during which time they will continue as non-executive employees providing transition assistance. About BayCom Corp The Company, through its wholly owned operating subsidiary, United Business Bank, offers a full range of loans, including SBA, CalCAP, FSA and USDA guaranteed loans, and deposit products and services to businesses and their affiliates in California, Washington, New Mexico, Colorado and Nevada. The Bank is an Equal Housing Lender and a member of FDIC. The Company’s common stock is listed on the NASDAQ Global Select Market under the symbol "BCML". For more information, go to www.unitedbusinessbank.com. Forward-Looking Statements This release, as well as other public or shareholder communications by the Company, may contain forward-looking statements, including, but not limited to, (i) statements regarding the financial condition, results of operations and business of the Company, (ii) statements about the Company’s plans, objectives, expectations and intentions and other statements that are not historical facts and (iii) other statements identified by the words or phrases "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," "intends" or similar expressions that are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts but instead are based on current beliefs and expectations of the Company’s management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company’s control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. There are a number of factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements and from historical performance. Factors that could cause actual results to differ materially include, but are not limited to: the Company’s ability to successfully execute its management transition, retain key employees and clients, and achieve its strategic objectives; adverse economic conditions in the Company’s local market areas, other markets where the Company has lending relationships; changes in employment levels, labor shortages, persistent inflation, recessionary pressures, or slowing economic growth; changes in interest rate levels and volatility, and the timing and pace of such changes, including actions by the Board of Governors of the Federal Reserve System (the "Federal Reserve"), which could adversely affect the Company’s revenues and expenses, the value of its assets and obligations, and the availability and cost of capital and liquidity; the impact of inflation and related monetary and fiscal responses, and their effect on consumer and business behavior; fiscal policy disputes or disruptions, including the effects of any federal government shutdown or delays in budget approvals; the impact of bank failures or adverse developments at other banks and related negative publicity about the banking industry on investor and depositor sentiment; review of the Company’s accounting, accounting policies and internal control over financial reporting; future acquisitions by the Company of other depository institutions or lines of business; the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for credit losses; the Company's ability to access cost-effective funding; fluctuations in real estate values and both residential and commercial real estate market conditions; increased competitive pressures, including repricing and competitors’ pricing initiatives, and their impact on the Company’s market position and loan and deposit products; changes in management’s business strategies, including expectations regarding key growth initiatives and strategic priorities; vulnerabilities in information systems or third-party service providers, including disruptions, breaches, or cyberattacks; environmental, social and governance matters; legislation or regulatory changes, including but not limited to changes in capital requirements, banking regulations, tax laws, or consumer protection laws; the ability to adapt to rapid technological changes, including advancements related to artificial intelligence, digital banking platforms, and cybersecurity; the potential for new or increased tariffs, trade restrictions or geopolitical tensions that could affect financial markets, global supply chains, commodity prices, or economic activity; the effects of climate change, severe weather events, natural disasters, pandemics, epidemics and other public health crises, acts of war or terrorism, domestic political unrest and other external events on the Company’s business; and other factors described in the Company’s latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other reports filed with or furnished to the SEC, which are available on the Company’s website at www.unitedbusinessbank.com and on the SEC's website at www.sec.gov. The factors listed above could materially affect the Company’s financial performance and could cause the Company’s actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake - and specifically declines any obligation - to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, whether as a result of new information, future events or otherwise, except as may be required by law or NASDAQ rules. When considering forward-looking statements, you should keep in mind these risks and uncertainties. You should not place undue reliance on any forward-looking statement, which speaks only as of the date made. View source version on businesswire.com: https://www.businesswire.com/news/home/20260423809453/en/ Contacts BayCom Corp Kevin L. Thompson, 925-476-1800 [email protected]

Cathay General (CATY) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +8.40%. A quarter ago, it was expected that this holding company for Cathay Bank would post earnings of $1.2 per share when it actually produced earnings of $1.33, delivering a surprise of +10.83%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Cathay, which belongs to the Zacks Banks - West industry, posted revenues of $214.83 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.43%. This compares to year-ago revenues of $187.84 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Cathay shares have added about 10.7% since the beginning of the year versus the S&P 500's gain of 3.2%. While Cathay has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Cathay was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.16 on $213.6 million in revenues for the coming quarter and $5.14 on $861.6 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Bay Commercial Bank (BCML), is yet to report results for the quarter ended March 2026. This company is expected to post quarterly earnings of $0.62 per share in its upcoming report, which represents a year-over-year change of +21.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Bay Commercial Bank's revenues are expected to be $25.8 million, up 6.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cathay General Bancorp (CATY) : Free Stock Analysis Report Bay Commercial Bank (BCML) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Bay Commercial Bank (BCML) came out with quarterly earnings of $0.63 per share, missing the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -2.33%. A quarter ago, it was expected that this company would post earnings of $0.52 per share when it actually produced earnings of $0.46, delivering a surprise of -11.54%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Bay Commercial Bank, which belongs to the Zacks Banks - West industry, posted revenues of $25.89 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 1.56%. This compares to year-ago revenues of $23.66 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Bay Commercial Bank shares have added about 1.5% since the beginning of the year versus the S&P 500's gain of 0.4%. While Bay Commercial Bank has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Bay Commercial Bank was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.59 on $26.2 million in revenues for the coming quarter and $2.58 on $106.5 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Hanmi Financial (HAFC), another stock in the same industry, has yet to report results for the quarter ended December 2025. The results are expected to be released on January 27. This bank holding company is expected to post quarterly earnings of $0.71 per share in its upcoming report, which represents a year-over-year change of +22.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Hanmi Financial's revenues are expected to be $70.75 million, up 16.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bay Commercial Bank (BCML) : Free Stock Analysis Report Hanmi Financial Corporation (HAFC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

WALNUT CREEK, Calif., January 22, 2026--(BUSINESS WIRE)--BayCom Corp ("BayCom" or the "Company") (NASDAQ: BCML), the holding company for United Business Bank (the "Bank" or "UBB"), announced earnings of $6.9 million, or $0.63 per diluted common share, for the fourth quarter of 2025, compared to earnings of $5.0 million, or $0.46 per diluted common share, for the third quarter of 2025 and $6.1 million, or $0.55 per diluted common share, for the fourth quarter of 2024. Net income for the fourth quarter of 2025 increased $1.9 million, or 37.0%, compared to the third quarter of 2025. This increase was primarily the result of a $2.7 million decrease in provision for credit losses and a $1.6 million increase in net interest income, partially offset by a $1.4 million decrease in noninterest income, primarily due to changes in equity securities valuations, an $885,000 increase in provision for income taxes, and a $220,000 increase in noninterest expense. Compared to the fourth quarter of 2024, net income increased $738,000, or 12.1%, primarily as a result of a $1.4 million increase in net interest income and a $798,000 increase in noninterest income, partially offset by a $653,000 increase in provision for credit losses, reflecting a provision in the current quarter compared to a reversal in the prior-year quarter, a $648,000 increase in provision for income taxes, and a $190,000 increase in noninterest expense. Net income for the year ended December 31, 2025 increased $317,000, or 1.3%, compared to the year ended December 31, 2024, primarily as a result of a $3.3 million increase in net interest income and a $278,000 decrease in noninterest expense, partially offset by a $2.8 million increase in provision for credit losses, a $291,000 decrease in noninterest income and a $180,000 increase in provision for income taxes. George Guarini, President and Chief Executive Officer, commented, "Our financial results for the fourth quarter and full year 2025 reflect a continuing trend of growth in core lending activity and improvement in net interest income, supported by disciplined balance sheet management. Net interest income increased both quarter over quarter and year over year, while full-year noninterest expense declined, reflecting our ongoing focus on operating efficiency. We also took steps in 2025 to strengthen our balance sheet by repaying our subordinated debt and increasing our loan loss reserves. These actions were taken to enhance our financial flexibility and prudently position the Company amid economic and interest rate uncertainty. Overall, our financial condition remains strong, and our earnings remain steady." Looking ahead, Guarini added, "We are optimistic that 2026 will see a continuing demand for lending and expect credit quality to remain stable. We believe that continued focus on disciplined loan growth, prudent credit risk management, and expense control will support earnings performance and further strengthen our overall financial position. We remain committed to enhancing shareholder value through share repurchases and cash dividends, while continuing to provide exceptional value to our clients, communities and shareholders." Fourth Quarter Performance Highlights: Annualized net interest margin was 4.03% for the current quarter, up from 3.68% the preceding quarter and 3.80% the same quarter a year ago. Annualized return on average assets was 1.05% for current quarter, up from 0.75% the preceding quarter and 0.94% the same quarter a year ago. Total assets remained steady at $2.6 billion at both December 31, 2025 and September 30, 2025, compared to $2.7 billion at December 31, 2024. Loans, net of deferred fees, totaled $2.1 billion at December 31, 2025, compared to $2.0 billion at both September 30, 2025 and December 31, 2024. Nonperforming loans totaled $13.4 million or 0.65% of total loans, at December 31, 2025, compared to $13.9 million, or 0.68% of total loans, at September 30, 2025, and $9.5 million, or 0.48% of total loans, at December 31, 2024. The allowance for credit losses for loans totaled $21.2 million, or 1.03% of total loans outstanding, at December 31, 2025, compared to $20.8 million, or 1.02% of total loans outstanding, at September 30, 2025, and $17.9 million, or 0.92% of total loans outstanding, at December 31, 2024. A $250,000 provision for credit losses was recorded during the current quarter, compared to a $2.9 million provision for credit losses in the prior quarter, and a $403,000 reversal of provision for credit losses in the same quarter a year ago. Deposits totaled $2.2 billion at December 31, 2025, September 30, 2025, and December 31, 2024. At December 31, 2025, noninterest-bearing deposits totaled $578.1 million, or 26.1% of total deposits, compared to $618.1 million, or 27.7% of total deposits, at September 30, 2025, and $689.0 million, or 30.8% of total deposits, at December 31, 2024. The Company repurchased 29,111 shares of common stock at an average cost of $27.75 per share during the fourth quarter of 2025, compared to 33,300 shares of common stock repurchased at an average cost of $27.29 per share during the third quarter of 2025, and 1,500 shares of common stock repurchased at an average cost of $24.28 per share during the fourth quarter of 2024. On November 20, 2025, the Company announced the declaration of a cash dividend on the Company’s common stock of $0.30 per share, which was paid on January 9, 2026 to shareholders of record as of December 11, 2025. The Bank remained a "well-capitalized" institution for regulatory capital purposes at December 31, 2025. Earnings Net interest income increased $1.6 million, or 6.8%, to $25.0 million for the fourth quarter of 2025 from $23.4 million for the prior quarter, and increased $1.4 million, or 6.1%, from $23.6 million for the same quarter a year ago. The increase from the prior quarter was primarily driven by an increase in interest income on loans, including fees, a decrease in interest expense on subordinated debt, and a decrease in interest expense on deposits. These changes were partially offset by a decrease in interest income on fed funds sold and interest-bearing balances in banks, and to a lesser extent a decrease in interest income on investment securities. The increase in net interest income compared to the same quarter in 2024 primarily reflects an increase in interest income on loans, including fees, a decrease in interest expense on subordinated debt, and a decrease in interest expense on deposits. These changes were partially offset by a decrease in interest income on fed funds sold and interest-bearing balances in banks. Average interest-earning assets decreased $60.8 million, or 2.4%, compared to the third quarter of 2025, and $3.4 million, or 0.1%, compared to the fourth quarter of 2024. The average yield earned (annualized) on interest earning assets for the fourth quarter of 2025 was 5.53%, up from 5.49% for the third quarter of 2025 and 5.50% for the fourth quarter of 2024. The increase from the prior quarter reflects higher average yields on loans and, to a lesser extent, investments, partially offset by a lower average yield on interest-bearing balances in banks. The increase from the fourth quarter of 2024 reflects the repricing of adjustable-rate loans to higher rates, as well as the origination of new loans at higher rates, partially offset by a lower average yield on interest-bearing balances in banks. The average rate paid (annualized) on interest-bearing liabilities decreased to 2.28% for the fourth quarter of 2025, down from 2.73% for the prior quarter and 2.58% for the fourth quarter of 2024. The decrease in funding costs was primarily due to the acceleration of amortization of deferred debt issuance costs related to the early redemption of subordinated debt during the third quarter of 2025 and lower rates paid on premium money market and time deposits. The decline in deposit rates reflects moderating competitive pricing in the deposit market and the repricing of maturing time deposits at lower market rates as short-term interest rates stabilized during the quarter. The decrease in funding costs from the fourth quarter of 2024 was due to the pay-off of the subordinated debt and lower rates paid on premium money market and time deposits, reflecting similar market-driven repricing conditions. Interest income on loans, including fees, increased $583,000, or 2.0%, to $29.8 million for the three months ended December 31, 2025, from $29.2 million for the prior quarter, primarily due to a $26.1 million increase in the average balance of loans and a four basis point increase in the average loan yield. Interest income on loans, including fees, increased $2.2 million, or 8.1%, for the three months ended December 31, 2025, from $27.6 million for three months ended December 31, 2024, primarily due to a $132.3 million increase in the average balance of loans and a five basis point increase in the average loan yield. The average balance of loans was $2.1 billion for the fourth and third quarters of 2025, compared to $1.9 billion for the fourth quarter of 2024. The average yield on loans was 5.74% for the fourth quarter of 2025, compared to 5.70% for the third quarter of 2025 and 5.69% for the fourth quarter of 2024. Interest income on loans also included $58,000 in accretion of the net discount on acquired loans for the three months ended December 31, 2025, compared to $155,000 and $51,000 for the three months ended September 30, 2025 and December 31, 2024, respectively. Accretion of the net discount had minimal impact on the average loan yield during these periods. The balance of the net discounts on these acquired loans totaled $87,000, $146,000, and $326,000 at December 31, 2025, September 30, 2025, and December 31, 2024, respectively. Interest income also included fees related to prepayment penalties of $209,000 for the three months ended December 31, 2025, compared to $119,000 and $264,000 for the three months ended September 30, 2025 and December 31, 2024, respectively. Interest income on investment securities decreased $72,000, or 3.1%, to $2.2 million for the three months ended December 31, 2025, compared to $2.3 million for the three months ended September 30, 2025, and decreased $207,000, or 8.4%, from $2.5 million for the three months ended December 31, 2024. The average yield on investment securities increased one basis point to 4.61% for the three months ended December 31, 2025, compared to 4.60% for the three months ended September 30, 2025, and decreased six basis points from 4.67% for the three months ended December 31, 2024. The decrease from the same quarter a year ago was due to paydowns and calls on higher variable-rate securities and rate resets on variable rate securities. The average balance of investment securities totaled $193.1 million for the three months ended December 31, 2025, compared to $199.8 million and $208.9 million for the three months ended September 30, 2025 and December 31, 2024, respectively. In addition, for the three months ended December 31, 2025, we received $386,000 in cash dividends on our FRB and FHLB stock, compared to $401,000 for the three months ended September 30, 2025 and $394,000 for the three months ended December 31, 2024. Interest income on federal funds sold and interest-bearing balances in banks decreased $1.1 million, or 36.6%, to $1.9 million for the three months ended December 31, 2025, compared to $3.0 million for the three months ended September 30, 2025, as a result of decreases in both the average balance and average yield. It decreased $1.8 million, or 48.7%, from $3.7 million for the three months ended December 31, 2024, also due to decreases in both the average yield and average balance. The average yield on federal funds sold and interest-bearing balances in banks decreased 46 basis points to 3.98% for the three months ended December 31, 2025, compared to 4.44% for the three months ended September 30, 2025, and decreased 81 basis points from 4.79% for the three months ended December 31, 2024, reflecting decreases in Federal Reserve policy rates. The average balance of federal funds sold and interest-bearing balances in banks totaled $190.8 million for the three months ended December 31, 2025, compared to $269.8 million and $309.6 million for the three months ended September 30, 2025 and December 31, 2024, respectively. Interest expense decreased $2.2 million, or 19.1%, to $9.3 million for the three months ended December 31, 2025, compared to $11.5 million for the three months ended September 30, 2025, and decreased $1.2 million, or 11.6%, compared to $10.6 million for the three months ended December 31, 2024. The decrease in interest expense compared to both the prior quarter and the same quarter of 2024 primarily reflects the Company’s redemption of all outstanding subordinated debt, resulting in lower interest expense. For the third quarter of 2025, interest expense on subordinated debt included $835,000 of amortized debt issuance costs recognized in connection with the Company’s redemption of all outstanding subordinated debt. The average cost of interest-bearing liabilities for the fourth quarter of 2025 was 2.28%, down from 2.73% for the third quarter of 2025 and 2.58% for fourth quarter of 2024. Interest expense on deposits decreased $626,000, or 6.4%, to $9.2 million for the three months ended December 31, 2025, compared to $9.8 million for the three months ended September 30, 2025, and decreased $312,000, or 3.3% compared to $9.5 million for the three months ended December 31, 2024. The decrease from the prior quarter was due to lower rates paid on money market and time deposits. Compared to the same quarter last year, the decrease also reflects lower rates on money market and time deposits, offset by competitive pricing pressures, and a shift in deposit mix from noninterest-bearing to higher-cost accounts. The average cost of deposits (including noninterest-bearing deposits) for the three months ended December 31, 2025 was 1.64%, down from 1.76% for the three months ended September 30, 2025 and 1.73% for the three months ended December 31, 2024. The average balance of deposits totaled $2.2 billion for the fourth quarter of 2025, consistent with both the third quarter of 2025 and the fourth quarter of 2024. The average balance of noninterest-bearing deposits decreased $11.8 million, or 1.9%, to $605.7 million for the three months ended December 31, 2025, compared to $617.5 million for the three months ended September 30, 2025, and decreased $13.6 million, or 2.2%, compared to $619.3 million for the three months ended December 31, 2024. Annualized net interest margin was 4.03% for the fourth quarter of 2025, compared to 3.68% for the third quarter of 2025 and 3.80% for the fourth quarter of 2024. The average yield on interest-earning assets for the fourth quarter of 2025 increased four basis points and three basis points from the prior quarter and the fourth quarter of 2024, respectively. The average rate paid on interest-bearing liabilities decreased 45 basis points and 30 basis points from the prior quarter and the fourth quarter of 2024, respectively. The increase in net interest margin from the prior quarter and the same quarter a year ago reflects lower average costs of interest-bearing liabilities, particularly on money market and time deposits, and the redemption of subordinated debt. For the fourth quarter of 2025, the average yield on loans increased to 5.74%, contributing to the year-over-year improvement in asset yields. The Company recorded a $250,000 provision for credit losses for the fourth quarter of 2025, compared to provisions of $3.0 million for the third quarter of 2025 and $403,000 reversal of provision for credit losses for the fourth quarter of 2024. The provision in the current quarter was due to loan growth and an increase in specific reserves. No net charge-offs were recorded in the fourth quarter of 2025, compared to net charge offs of $833,000 in the third quarter of 2025 and net recoveries of $3,000 in the fourth quarter of 2024. Noninterest income for the fourth quarter of 2025 decreased $1.4 million, or 60.6%, to $885,000 compared to $2.2 million for the prior quarter of 2025, and increased $798,000, or 917.2%, compared to $87,000 for the fourth quarter of 2024. The decrease in noninterest income compared to the prior quarter of 2025 was primarily due to a $1.5 million swing in equity securities, which went from a gain of $771,000 in the third quarter of 2025 to a loss of $753,000 in the fourth quarter of 2025, reflecting negative fair value adjustments due to weaker market conditions. These decreases were partially offset by increases of $116,000 in gain on a Small Business Investment Company ("SBIC") fund investment, $28,000 in service charges and other fees, $17,000 in gain on sale of loans, and $14,000 in loan servicing fees and other fees. The increase in noninterest income compared to the same quarter of 2024 was primarily due to a $456,000 decrease in loss on equity securities, resulting from smaller negative fair value adjustments due to changes in market conditions, a $375,000 decrease in loss on SBIC fund investment, a $24,000 increase in loan servicing fees and other fees, and a $17,000 increase in gain on sale of loans, partially offset by a $28,000 decrease in service charges and other fees. Noninterest expense for the fourth quarter of 2025 increased $220,000, or 1.4%, to $16.2 million, compared to $15.9 million for the third quarter of 2025, and increased $190,000, or 1.2%, compared to $16.0 million for the fourth quarter of 2024. The increase from the prior quarter primarily reflects a $224,000 increase in salaries and employee benefits, resulting from higher incentive expense, and a $25,000 increase in data processing expense due to higher vendor costs. These increases were partially offset by a $15,000 decrease in other expense, primarily due to lower borrower default-related expense, as well as a $14,000 decrease in occupancy and equipment expense. Compared to the fourth quarter of 2024, the increase in noninterest expense was primarily due to a $733,000 increase in salaries and employee benefits, resulting from higher incentive expense and increased base wages, and a $165,000 increase in data processing expense due to newly implemented services in 2025. These increases were partially offset by a $658,000 decrease in other expense and a $50,000 decrease in occupancy and equipment expense. The decrease in other expense was due to lower legal and professional service costs, reduced deposit premium amortization, and lower borrower default-related expenses. In addition, $400,000 in excess funds were returned to the Bank in the current quarter from a loss reserve account previously established under the California Capital Access Program (CalCAP), which supports small business lending by requiring contributions to a reserve fund that covers potential loan losses. These funds were no longer needed due to strong loan performance. No unused CalCAP funds were returned during the fourth quarter of 2024. The provision for income taxes increased $885,000, or 51.1%, to $2.6 million for the fourth quarter of 2025, compared to $1.7 million for the third quarter of 2025 and increased $648,000, or 32.9%, from $1.9 million for the fourth quarter of 2024. The effective tax rate for the fourth quarter of 2025 was 27.6%, compared to 25.7% for the prior quarter of 2025 and 24.3% for the fourth quarter of 2024. The increase in the effective tax rate from the prior quarter primarily reflects true-up adjustments for state apportionment and other year-end adjustments. The increase from the fourth quarter of 2024 was due to true-up adjustments related to low-income housing tax credits and losses, along with other year-end adjustments. Loans and Credit Quality Loans, net of deferred fees, totaled $2.1 billion at December 31, 2025 and $2.0 billion at both September 30, 2025 and December 31, 2024. Loans increased $24.0 million from September 30, 2025, and $113.4 million from December 31, 2024. The increase in loans from September 30, 2025 was primarily due to $103.2 million of new loan originations and $6.4 million of loan purchases, partially offset by $82.5 million of loan repayments. During the current quarter, the Company sold loans totaling $1.8 million, of which are $1.5 million were nonperforming assets. Nonperforming loans, consisting of non-accrual loans and accruing loans 90 days or more past due totaled $13.4 million, or 0.65% of total loans, at December 31, 2025, compared to $13.9 million, or 0.68% of total loans, at September 30, 2025, and $9.5 million, or 0.48% of total loans, at December 31, 2024. The decrease in nonperforming loans from the prior quarter-end was primarily due to a $395,000 decrease in loans 90 days or most past due that were still accruing and in the process of collection, along with payoffs of two non-accrual loans totaling $3.8 million. These reductions were partially offset by three new commercial real estate loans totaling $1.7 million that were placed on non-accrual during the current quarter. The three new commercial real estate loans placed on non-accrual are secured by various types of real estate, and management believes the collateral coverage remains sufficient. The majority of nonperforming loans remain concentrated in the commercial real estate portfolio, while consumer and other commercial loans continue to exhibit low levels of delinquencies. The allowance for credit losses continues to provide coverage for nonperforming loans, and the provision for credit losses recorded during the quarter reflects both the replenishment of the allowance and anticipated potential losses. The portion of nonaccrual loans guaranteed by government agencies totaled $903,000 at December 31, 2025, compared to $946,000 at September 30, 2025, and $2.0 million at December 31, 2024. As of December 31, 2025, there were no loans 90 days or more past due that were still accruing and in the process of collection, compared to two such loans totaling $395,000 at September 30, 2025 and two such loans totaling $220,000 at December 31, 2024. Accruing loans past due 30-89 days totaled $1.1 million at December 31, 2025, compared to $2.4 million at September 30, 2025, and $6.7 million at December 31, 2024. The $1.3 million decrease in accruing loans past due 30-89 days at December 31, 2025, as compared to September 30, 2025, was primarily due to two SBA commercial real estate loans totaling $1.3 million, which were 30-89 days past due at September 30, 2025, being placed on non-accrual during the current quarter. At December 31, 2025, the Company’s allowance for credit losses for loans was $21.2 million, or 1.03% of total loans, compared to $20.8 million, or 1.02% of total loans, at September 30, 2025 and $17.9 million, or 0.92% of total loans, at December 31, 2024. We recorded no net charge-offs for the fourth quarter of 2025, compared to net charge-offs of $833,000 in the prior quarter, and net recoveries of $3,000 in the fourth quarter of 2024. The increase in the allowance for loan losses at December 31, 2025, as compared to September 30, 2025, was primarily attributable to an increase of $570,000 in specific reserves on individually evaluated loans, partially offset by a $160,000 decrease in the reserve for pooled loans. During the current quarter, the increase in specific reserves on individually evaluated loans was primarily due to increased impairment on one commercial real estate loan secured by retail property. The decrease in reserve for pooled loans reflected a lower forecasted national unemployment rate and a positive outlook for national gross domestic product, as compared to the prior quarter, partially offset by loan growth during the quarter. There were no changes in the risk levels of the qualitative factors. As of December 31, 2025, acquired loans, net of discounts, totaled $123.6 million, with a remaining net discount on these loans of $87,000, compared to $134.1 million of acquired loans with a remaining net discount of $146,000 at September 30, 2025, and $163.5 million of acquired loans with a remaining net discount of $326,000 at December 31, 2024. The change in the net discount from September 30, 2025, was due to loan payoffs during the current quarter. The net discount includes a credit discount based on estimated losses on the acquired loans, partially offset by a premium, if any, based on market interest rates on the date of acquisition. Deposits and Borrowings Deposits decreased $14.4 million, or 0.6%, to $2.2 billion at December 31, 2025, compared to $2.2 billion at September 30, 2025, and decreased $20.4 million, or 0.9%, compared to $2.2 billion at December 31, 2024. During 2025, the overall deposit mix shifted, in part, due to interest-rate sensitive clients moving a portion of their non-operating deposit balances from lower cost deposits, including noninterest-bearing deposits, into higher cost money market accounts and time deposits. At December 31, 2025, noninterest-bearing deposits totaled $578.1 million, or 26.1% of total deposits, compared to $618.1 million, or 27.7% of total deposits, at September 30, 2025, and $689.0 million, or 30.8% of total deposits, at December 31, 2024. We consider our deposit base to be seasoned, stable and well-diversified, and we do not have any significant industry concentrations among our non-insured deposits. We also offer an insured cash sweep (ICS) product that allows customers to insure deposits above FDIC insurance limits. At December 31, 2025 and September 30, 2025, our average deposit account size (excluding public funds), calculated by dividing period-end deposits by the population of accounts with balances, was approximately $63,000 and $62,000, respectively. The Bank has an approved secured borrowing facility with the FHLB of San Francisco for up to 25% of total assets for a term not to exceed five years under a blanket lien of certain types of loans, with no FHLB advances outstanding at December 31, 2025, September 30, 2025 or December 31, 2024. The Bank also has Federal Funds lines with four correspondent banks, with an aggregate available commitment of $65.0 million at December 31, 2025. The Bank has approved discount window advances with the FRB of San Francisco secured by certain loan types. There were no amounts outstanding under these lines or borrowing facilities at December 31, 2025, September 30, 2025 or December 31, 2024. At December 31, 2025, September 30, 2025, and December 31, 2024, the Company had outstanding junior subordinated deferrable interest debentures, net of fair value adjustments, assumed in connection with prior acquisitions totaling $8.7 million. During the third quarter of 2025, the Company redeemed all of the Company’s outstanding subordinated debt. Both at December 31, 2025 and September 30, 2025, the Company had no outstanding subordinated debt, compared to $63.7 million, net of issuance costs, at December 31, 2024. At December 31, 2025, September 30, 2025 and December 31, 2024, the Company had no other borrowings outstanding. Shareholders’ Equity Shareholders’ equity totaled $338.6 million at December 31, 2025, compared to $334.3 million at September 30, 2025, and $324.4 million at December 31, 2024. The $4.3 million increase in shareholders’ equity from September 30, 2025, was primarily the result of net income of $6.9 million and $1.3 million in other comprehensive income, net of taxes, related mainly to changes in the unrealized gain on available-for-sale securities. These increases were partially offset by $3.3 million in accrued cash dividends payable during the quarter and $808,000 of stock repurchases. At December 31, 2025, a total of 202,444 shares remained available for repurchase under the Company’s current stock repurchase plan. The $14.2 million increase in shareholders’ equity from December 31, 2024, was primarily the result of net income of $23.9 million and $6.4 million in other comprehensive income, net of taxes, related mainly to changes in the unrealized gain on available-for-sale securities. These increases were partially offset by $9.9 million in cash dividends accrued and paid and $6.9 million of stock repurchases. About BayCom Corp The Company, through its wholly owned operating subsidiary, United Business Bank, offers a full range of loans, including SBA, CalCAP, FSA and USDA guaranteed loans, and deposit products and services to businesses and their affiliates in California, Washington, New Mexico, Colorado and Nevada. The Bank is an Equal Housing Lender and a member of FDIC. The Company’s common stock is listed on the NASDAQ Global Select Market under the symbol "BCML". For more information, go to www.unitedbusinessbank.com. Forward-Looking Statements This release, as well as other public or shareholder communications by the Company, may contain forward-looking statements, including, but not limited to, (i) statements regarding the financial condition, results of operations and business of the Company, (ii) statements about the Company’s plans, objectives, expectations and intentions and other statements that are not historical facts and (iii) other statements identified by the words or phrases "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," "intends" or similar expressions that are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts but instead are based on current beliefs and expectations of the Company’s management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company’s control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. There are a number of factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements and from historical performance. Factors that could cause actual results to differ materially include, but are not limited to: adverse economic conditions in the Company’s local market areas, other markets where the Company has lending relationships; changes in employment levels, labor shortages, persistent inflation, recessionary pressures, or slowing economic growth; changes in interest rate levels and volatility, and the timing and pace of such changes, including actions by the Board of Governors of the Federal Reserve System (the "Federal Reserve"), which could adversely affect the Company’s revenues and expenses, the value of its assets and obligations, and the availability and cost of capital and liquidity; the impact of inflation and related monetary and fiscal responses, and their effect on consumer and business behavior; fiscal policy disputes or disruptions, including the effects of any federal government shutdown or delays in budget approvals; the impact of bank failures or adverse developments at other banks and related negative publicity about the banking industry on investor and depositor sentiment; review of the Company’s accounting, accounting policies and internal control over financial reporting; future acquisitions by the Company of other depository institutions or lines of business; the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for credit losses; the Company's ability to access cost-effective funding; fluctuations in real estate values and both residential and commercial real estate market conditions; increased competitive pressures, including repricing and competitors’ pricing initiatives, and their impact on the Company’s market position and loan and deposit products; changes in management’s business strategies, including expectations regarding key growth initiatives and strategic priorities; vulnerabilities in information systems or third-party service providers, including disruptions, breaches, or cyberattacks; environmental, social and governance matters; legislation or regulatory changes, including but not limited to changes in capital requirements, banking regulations, tax laws, or consumer protection laws; the ability to adapt to rapid technological changes, including advancements related to artificial intelligence, digital banking platforms, and cybersecurity; the potential for new or increased tariffs, trade restrictions or geopolitical tensions that could affect financial markets, global supply chains, commodity prices, or economic activity; the effects of climate change, severe weather events, natural disasters, pandemics, epidemics and other public health crises, acts of war or terrorism, domestic political unrest and other external events on the Company’s business; and other factors described in the Company’s latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other reports filed with or furnished to the Securities and Exchange Commission ("SEC"), which are available on the Company’s website at www.unitedbusinessbank.com and on the SEC's website at www.sec.gov. The factors listed above could materially affect the Company’s financial performance and could cause the Company’s actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake - and specifically declines any obligation - to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, whether as a result of new information, future events or otherwise, except as may be required by law or NASDAQ rules. When considering forward-looking statements, you should keep in mind these risks and uncertainties. You should not place undue reliance on any forward-looking statement, which speaks only as of the date made. Non-GAAP Financial Measures: In addition to results presented in accordance with generally accepted accounting principles utilized in the United States ("GAAP"), this earnings release contains tangible book value per share and tangible equity to tangible assets, both of which are non-GAAP financial measures. Tangible book value per share is calculated by dividing tangible common shareholders’ equity by the number of common shares outstanding at the end of the period. Tangible equity and tangible common shareholders’ equity exclude intangible assets from shareholders’ equity, and tangible assets exclude intangible assets from total assets. For these financial measures, the Company’s intangible assets are goodwill and core deposit intangibles. The Company believes that these measures are consistent with the capital treatment by our bank regulatory agencies, which excludes intangible assets from the calculation of risk-based capital ratios, and presents these measures to facilitate comparison of the quality and composition of the Company’s capital over time in comparison to its peers. Non-GAAP financial measures have inherent limitations and are not required to be uniformly applied. Further, these non-GAAP financial measures should not be considered in isolation or as a substitute for the comparable financial measures determined in accordance with GAAP and may not be comparable to similarly titled measures reported by other companies. Reconciliation of the GAAP and non-GAAP financial measures is presented below: View source version on businesswire.com: https://www.businesswire.com/news/home/20260122169436/en/ Contacts BayCom Corp Keary Colwell, 925-476-1800 [email protected]

WALNUT CREEK, Calif., November 20, 2025--(BUSINESS WIRE)--BayCom Corp (NASDAQ: BCML) ("BayCom" or the "Company"), the parent company of United Business Bank, today announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share on the Company's common stock, which represents a 20% increase (from $0.25 per share) in the Company’s quarterly dividend. The dividend is payable on January 9, 2026 to shareholders of record as of the close of business on December 11, 2025. About BayCom Corp The Company, through its wholly owned operating subsidiary, United Business Bank, offers a full range of loans, including SBA, CalCAP, FSA and USDA guaranteed loans, and deposit products and services to businesses and their affiliates in California, Nevada, Washington, New Mexico and Colorado. The Bank is an Equal Housing Lender and a member of FDIC. The Company’s common stock is traded on the NASDAQ under the symbol "BCML". For more information, go to www.unitedbusinessbank.com. Forward-Looking Statements Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to the Company's financial condition, results of operations, plans, objectives, future performance or business, including information regarding the ability of BayCom to pay dividends in the future. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, and actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Factors that might cause such differences include, but are not limited to, the Company’s financial condition and results of operations, general economic conditions, as well as those within the Company’s industry, and numerous other factors identified in BayCom's Annual Report on Form 10-K for the year ended December 31, 2024, subsequent Quarterly Reports on Form 10-Q and other documents filed with or furnished to the Securities and Exchange Commission. Such forward-looking statements speak only as of the date of this release. The Company expressly disclaims any obligation to update or revise any forward-looking statements made herein to reflect any changes in the Company's expectations of results or any change in events. View source version on businesswire.com: https://www.businesswire.com/news/home/20251120717779/en/ Contacts BayCom Corp Keary Colwell, 925-476-1800 [email protected]

WALNUT CREEK, Calif., October 23, 2025--(BUSINESS WIRE)--BayCom Corp ("BayCom" or the "Company") (NASDAQ: BCML), the holding company for United Business Bank (the "Bank" or "UBB"), announced earnings of $5.0 million, or $0.46 per diluted common share, for the third quarter of 2025, compared to earnings of $6.4 million, or $0.58 per diluted common share, for the second quarter of 2025 and $6.0 million, or $0.54 per diluted common share, for the third quarter of 2024. Net income for the third quarter of 2025 decreased $1.4 million, or 21.3%, compared to the second quarter of 2025. This decrease was primarily the result of a $2.8 million increase in provision for credit losses and a $192,000 increase in noninterest expense, partially offset by a $249,000 increase in net interest income, a $736,000 increase in noninterest income, and a $621,000 decrease in provision for income taxes. Compared to the third quarter of 2024, net income decreased $1.0 million, or 16.8%, primarily as a result of a $1.7 million increase in provision for credit losses and a $496,000 decrease in noninterest income, partially offset by a $543,000 increase in net interest income, a $128,000 decrease in noninterest expense, and a $543,000 decrease in provision for income taxes. Net income for the nine months ended September 30, 2025 decreased $421,000, or 2.4%, compared to the same period in 2024 primarily as a result of a $2.2 million increase in provision for credit losses and a $1.1 million decrease in noninterest income, partially offset by a $1.9 million increase in net interest income, a $468,000 decrease in noninterest expense, and a $468,000 decrease in provision for income taxes. George Guarini, President and Chief Executive Officer, commented, "During the third quarter of 2025, we continued to demonstrate solid growth, supported by strong lending and deposit activity. We also took proactive steps to strengthen our balance sheet by repaying our subordinated debt and increasing our loan loss reserves. These actions resulted in certain one-time costs that reduced earnings per share for the quarter; however, we believe they position the Company for sustained earnings growth in the future." Looking ahead, Guarini added, "While we remain cautious given the current economic environment, we expect continued stable credit quality and improving earnings performance to further strengthen our overall financial position. We remain committed to strategic share repurchases and the payment of cash dividends, reinforcing our dedication to delivering long-term value to both our clients and shareholders." Third quarter Performance Highlights: Annualized net interest margin was 3.72% for the current quarter, compared to 3.77% for the preceding quarter and 3.73% for the same quarter a year ago. Annualized return on average assets was 0.75% for current quarter, compared to 0.98% for the preceding quarter and 0.94% for the same quarter a year ago. Total assets remained steady at $2.6 billion at September 30, 2025, June 30, 2025 and September 30, 2024. Loans, net of deferred fees, totaled $2.0 billion at both September 30, 2025 and June 30, 2025, and $1.9 billion at September 30, 2024. Nonperforming loans totaled $13.9 million or 0.68% of total loans, at September 30, 2025, compared to $16.4 million or 0.82% of total loans, at June 30, 2025, and $9.7 million, or 0.51% of total loans, at September 30, 2024. The allowance for credit losses for loans totaled $20.8 million, or 1.02% of total loans outstanding, at September 30, 2025, compared to $18.7 million, or 0.93% of total loans outstanding, at June 30, 2025, and $18.3 million, or 0.96% of total loans outstanding, at September 30, 2024. A $2.9 million provision for credit losses was recorded during the current quarter, compared to a $203,000 provision for credit losses in the prior quarter and a $1.2 million provision for credit losses in the same quarter a year ago. Deposits totaled $2.2 billion at both September 30, 2025 and June 30, 2025, and $2.1 billion at September 30, 2024. At September 30, 2025, noninterest-bearing deposits totaled $618.1 million, or 27.7% of total deposits, compared to $616.1 million, or 28.2% of total deposits, at June 30, 2025, and $618.3 million, or 28.9% of total deposits, at September 30, 2024. The Company repurchased 33,300 shares of common stock at an average cost of $27.29 per share during the third quarter of 2025, compared to 148,450 shares of common stock repurchased at an average cost of $25.88 per share during the second quarter of 2025, and 51,240 shares of common stock repurchased at an average cost of $21.15 per share during the third quarter of 2024. On August 21, 2025, the Company announced the declaration of a cash dividend on the Company’s common stock of $0.25 per share, which was paid on October 9, 2025 to shareholders of record as of September 11, 2025. The Bank remained a "well-capitalized" institution for regulatory capital purposes at September 30, 2025. Earnings Net interest income increased $248,000, or 1.1%, to $23.4 million for the third quarter of 2025 from $23.2 million for the prior quarter, and increased $543,000, or 2.4%, from $22.9 million for the same quarter a year ago. The increase from the prior quarter was primarily driven by an increase in interest income on loans, including fees, and to a lesser extent an increase in interest income on fed funds sold and interest-bearing balances in banks. These increases were partially offset by an increase in interest expense on deposits, an increase in interest expense on subordinated debt, and a decrease in interest income on investment securities. The increase in net interest income compared to the same quarter in 2024 primarily reflects an increase in interest income on loans. This increase was partially offset by a decrease in interest income on fed funds sold and interest-bearing balances in banks, as well as higher interest expense on subordinated debt. Average interest-earning assets increased $62.3 million, or 2.5%, compared to the second quarter of 2025, and $87.5 million, or 3.6%, compared to the third quarter of 2024. The average yield earned (annualized) on interest earning assets for the third quarter of 2025 was 5.55%, up from 5.45% for both the second quarter of 2025 and third quarter of 2024. The increase from the prior quarter reflects higher yields on loans and interest-bearing balances in banks, partially offset by a lower yield on investments. The increase from the third quarter of 2024 reflects the repricing of adjustable-rate loans and securities to higher rates, as well as the origination of new loans at higher rates. The average rate paid (annualized) on interest-bearing liabilities increased to 2.77% for the third quarter of 2025, up from 2.54% for the prior quarter and 2.62% for the third quarter of 2024. The increase in funding costs was primarily due to the acceleration of amortization of deferred debt issuance costs related to the early redemption of subordinated debt in the current quarter and, to a lesser extent, higher rates on premium money market deposits. As interest-bearing liabilities generally have shorter durations, they tend to reprice or reset faster than interest-earning assets, contributing to higher overall interest expense and continued pressure on the net interest margin. Interest income on loans, including fees, increased $1.3 million, or 4.5%, to $29.2 million for the three months ended September 30, 2025, from $28.0 million for the prior quarter, due to a $42.1 million increase in the average balance of loans and a 13 basis point increase in the average loan yield. Interest income on loans, including fees, increased $3.0 million, or 11.4%, for the three months ended September 30, 2025, from $26.2 million for three months ended September 30, 2024, due to a $148.3 million increase in the average balance of loans and a 23 basis point increase in the average loan yield. The average balance of loans was $2.0 billion for the third and second quarters of 2025, compared to $1.9 billion for the third quarter of 2024. The average yield on loans was 5.76% for the third quarter of 2025, compared to 5.63% for the second quarter of 2025 and 5.53% for the third quarter of 2024. Interest income on loans included $155,000 in accretion of the net discount on acquired loans for the three months ended September 30, 2025, compared to $110,000 and $114,000 for the three months ended June 30, 2025 and September 30, 2024, respectively. Accretion of the net discount had minimal to no impact on the average yield on loans during the reported periods. The balance of the net discounts on these acquired loans totaled $146,000, $319,000, and $449,000 at September 30, 2025, June 30, 2025, and September 30, 2024, respectively. Interest income included fees related to prepayment penalties of $119,000 for the three months ended September 30, 2025, compared to $109,000 and $12,000 for the three months ended June 30, 2025 and September 30, 2024, respectively. Interest income on investment securities decreased $91,000, or 3.8%, to $2.3 million for the three months ended September 30, 2025, compared to $2.4 million for the three months ended June 30, 2025, and decreased $78,000, or 3.3%, from $2.4 million for the three months ended September 30, 2024. The average yield on investment securities decreased three basis points to 4.65% for the three months ended September 30, 2025, compared to 4.68% for the three months ended June 30, 2025, and increased five basis points from 4.60% for the three months ended September 30, 2024. The decrease in the average yield from the prior quarter was due to paydowns and calls on higher variable-rate securities. The increase from the same quarter a year ago was due to higher market interest rates on newly purchased securities and rate resets on variable rate investment securities. The average balance of investment securities totaled $199.8 million for the three months ended September 30, 2025, compared to $206.5 million and $207.0 million for the three months ended June 30, 2025 and September 30, 2024, respectively. In addition, during the third quarter of 2025, we received $401,000 in cash dividends on our FRB and FHLB stock, compared to $392,000 in the second quarter of 2025 and $393,000 in the third quarter of 2024. Interest income on federal funds sold and interest-bearing balances in banks increased $324,000, or 12.1%, to $3.0 million for the three months ended September 30, 2025, compared to $2.7 million for the three months ended June 30, 2025, as a result of increase in the average balance, and decreased $1.4 million, or 31.6%, from $4.4 million for the three months ended September 30, 2024, as a result of changes in the average yield and average balance. The average yield on federal funds sold and interest-bearing balances in banks increased four basis points to 4.49% for the three months ended September 30, 2025, compared to 4.45% for the three months ended June 30, 2025, and decreased 94 basis points from 5.43% for the three months ended September 30, 2024. The decrease in the average yield from the third quarter of 2024 was due to the lowering of Federal Reserve rates during 2024. The average balance of federal funds sold and interest-bearing balance in banks totaled $269.8 million for the three months ended September 30, 2025, compared to $242.8 million and $323.6 million for the three months ended June 30, 2025 and September 30, 2024, respectively. Interest expense increased $1.2 million, or 12.1%, to $11.5 million for the three months ended September 30, 2025, compared to $10.3 million for the three months ended June 30, 2025, and increased $981,000, or 9.3%, compared to $10.6 million for the three months ended September 30, 2024. The increase from the prior quarter reflects higher average balances and funding costs on money market accounts, as well as interest expense on subordinated debt, which included $835,000 of amortized debt issuance costs recognized in connection with the Company’s redemption of all outstanding subordinated debt during the current quarter. The increase from the same quarter of 2024 was primarily due to higher deposit rates, reflecting increased market rates and competitive pricing pressures. The average balance of deposits totaled $2.2 billion for the third quarter of 2025, consistent with both the second quarter of 2025 and the third quarter of 2024. The average cost of interest-bearing liabilities for the third quarter of 2025 was 2.77%, up from 2.54% for the second quarter of 2025 and unchanged from third quarter of 2024. The increase from the prior quarter was due to higher rates paid on money market deposits and the acceleration of the amortization of deferred debt issuance costs. Amortization of deferred debt issuance costs negatively impacted the average cost of interest-bearing liabilities by 20 basis points for the current quarter, compared to minimal impact for both the second quarter of 2025 and third quarter of 2024. Compared to the same quarter last year, the increase also reflects higher rates on money market and time deposits, competitive pricing pressures, and a shift in deposit mix from noninterest-bearing to higher-costing accounts. The average cost of deposits (including noninterest-bearing deposits) for the three months ended September 30, 2025 was 1.76%, up from 1.71% for the three months ended June 30, 2025 and 1.75% for the three months ended September 30, 2024. The average balance of noninterest-bearing deposits increased $12.5 million, or 2.1%, to $617.5 million for the three months ended September 30, 2025, compared to $604.9 million for the three months ended June 30, 2025, and increased $1.6 million, or 0.3%, compared to $615.8 million for the three months ended September 30, 2024. Annualized net interest margin was 3.72% for the third quarter of 2025, compared to 3.77% for the second quarter of 2025 and 3.73% for the third quarter of 2024. The average yield on interest-earning assets for the third quarter of 2025 increased by 10 basis points from both the prior quarter and the third quarter of 2024. The average rate paid on interest-bearing liabilities increased 23 basis points from the second quarter of 2025 and 15 basis points compared to the third quarter of 2024. The decline in net interest margin from the prior quarter reflects higher funding costs, particularly on money market and time deposits, and the amortization of debt issuance costs, which more than offset the modest increase in asset yields. The decline in the net interest margin from the same quarter a year ago was due to the rate paid on interest-bearing liabilities rising faster than the yield on interest earning assets. For the third quarter of 2025, the average yield on loans increased to 5.76%, while the average yield on investment securities rose to 4.65%, both contributing to the year-over-year improvement in asset yields. The Company recorded a $3.0 million provision for credit losses for the third quarter of 2025, compared to provisions of $203,000 for the second quarter of 2025 and $1.2 million for the third quarter of 2024. The increase in the current quarter provision was primarily driven by an increase in the reserve for pooled loans and replenishment of the allowance due to charge-offs. Net charge-offs totaled $833,000 in the third quarter of 2025, including an $840,000 partial charge-off of a nonaccrual commercial loan secured by a restaurant that paid off during the quarter; this loan had a $531,000 specific reserve at June 30, 2025. Net charge-offs were $13,000 in the second quarter of 2025. The increase in net charge-offs in the third quarter of 2025 was mainly due to collateral shortfalls being deemed uncollectible. Noninterest income for the third quarter of 2025 increased $736,000, or 48.6%, to $2.2 million compared to $1.5 million for the prior quarter of 2025, and decreased $496,000, or 18.1%, compared to $2.7 million for the third quarter of 2024. The increase in noninterest income compared to the prior quarter of 2025 was primarily due to a $771,000 increase in gain on equity securities, reflecting positive fair value adjustments due to improved market conditions and a $198,000 decrease in loss on investment in Small Business Investment Company ("SBIC") fund. These increases were partially offset by decreases of $54,000 in gain on sale of loans, $88,000 in service charges and other fees, and $113,000 in loan servicing and other fees. The decrease in noninterest income compared to the same quarter of 2024 was primarily due to a $649,000 decrease in gain on equity securities as a result of positive fair value adjustments on these securities due to changes in market conditions, a $73,000 decrease in service charges and other fees, and a $77,000 decrease in other income and fees. These decreases were partially offset by a $224,000 decrease in loss on investment in SBIC fund and a $79,000 increase in loan servicing and other fees Noninterest expense for the third quarter of 2025 increased $192,000, or 1.2%, to $15.9 million, compared to $15.8 million for the second quarter of 2025, and decreased $128,000, or 0.8%, compared to $16.1 million for the third quarter of 2024. The increase from the prior quarter primarily reflects a $440,000 increase in salaries and employee benefits, resulting from slightly higher incentive expense and an increase in number of employees, and a $125,000 increase in data processing expense due to newly implemented services in 2025 and increased transaction volume. These increases were partially offset by a $333,000 decrease in other expense, due to lower legal and professional service costs and reduced default-related expense, as well as a $40,000 decrease in occupancy and equipment expense. Compared to the third quarter of 2024, the increase in noninterest expense was primarily due to a $599,000 increase in salaries and wages, resulting from higher incentive expense and increased base wages, and a $65,000 increase in data processing expense. These increases were partially offset by a $726,000 decrease in other expense and a $66,000 decrease in occupancy and equipment expense. The decrease in other expense was due to lower legal and professional service costs, reduced deposit premium amortization, and lower default related expenses. In addition, $400,000 in excess funds were returned to the Bank in the current quarter from a loss reserve account previously established under the California Capital Access Program (CalCAP), which supports small business lending by requiring contributions to a reserve fund that covers potential loan losses. These funds were no longer needed due to strong loan performance. No unused CalCAP funds were returned in the same quarter a year ago. The provision for income taxes decreased $621,000, or 26.4%, to $1.7 million for the third quarter of 2025, compared to $2.4 million for the second quarter of 2025 and decreased $543,000, or 23.9%, from $2.3 million for the third quarter of 2024. The effective tax rate for the third quarter of 2025 was 25.7%, compared to 27.0% for the prior quarter of 2025 and 27.4% for the third quarter of 2024. The decrease in the effective tax rate from the prior quarter primarily reflects year-end true-ups recorded in the second quarter of 2025, while the decline compared to the third quarter of 2024 was largely driven by higher low-income housing tax credits. Loans and Credit Quality Loans, net of deferred fees, totaled $2.0 billion at September 30, 2025 and June 30, 2025, and $1.9 billion at September 30, 2024. Loans increased $42.1 million from June 30, 2025, and $130.2 million from September 30, 2024. The increase in loans from June 30, 2025 was primarily due to $110.0 million of new loan originations and $4.0 million of loan purchases, partially offset by $71.8 million of loan repayments. There were no loan sales during the current quarter. Nonperforming loans, consisting of non-accrual loans and accruing loans 90 days or more past due, totaled $13.9 million, or 0.68% of total loans, at September 30, 2025, compared to $16.4 million, or 0.82% of total loans, at June 30, 2025, and $9.7 million, or 0.51% of total loans, at September 30, 2024. The decrease in nonperforming loans from the prior quarter-end was primarily due to a $2.5 million decrease in loans 90 days or most past due, that were still accruing and in the process of collection, payoffs of five non-accrual loans totaling $3.9 million, and one $3.2 million non-accrual loan returned to accrual status as the loan is current and in the process of collection. These changes were partially offset by four new commercial real estate loans totaling $7.0 million being placed on non-accrual during the current quarter. The four commercial real estate loans placed on non-accrual are secured by various types of real estate, and management believes collateral coverage remains sufficient. By portfolio segment, the majority of nonperforming loans remain concentrated in the commercial real estate portfolio, while consumer and other commercial loans continue to exhibit low levels of delinquencies. The allowance for credit losses continues to provide coverage for nonperforming loans, and the provision for credit losses recorded during the quarter reflects both the replenishment of the allowance and anticipated potential losses. The portion of nonaccrual loans guaranteed by government agencies totaled $947,000 at September 30, 2025, compared to $610,000 at June 30, 2025, and $2.0 million at September 30, 2024. As of September 30, 2025, there were two loans totaling $395,000 90 days or more past due, that were still accruing and in the process of collection. This compares to three such loans totaling $2.9 million at June 30, 2025, and no such loans at September 30, 2024. Accruing loans past due between 30 and 89 days at September 30, 2025, totaled $6.9 million, compared to $9.2 million at June 30, 2025 and $4.5 million at September 30, 2024. The $2.3 million decrease in accruing loans past due between 30-89 days at September 30, 2025, as compared to June 30, 2025, was primarily due to one SBA commercial real estate loan for $4.8 million which was 30-89 days past due at June 30, 2025, and is now current, partially offset by one new commercial real estate loan for $2.3 million which was past due at September 30, 2025. At September 30, 2025, the Company’s allowance for credit losses for loans was $20.8 million, or 1.02% of total loans, compared to $18.7 million, or 0.93% of total loans, at June 30, 2025 and $18.3 million, or 0.96% of total loans, at September 30, 2024. We recorded net charge-offs of $833,000 for the third quarter of 2025, compared to net charge-offs of $13,000 in the prior quarter of 2025 and net charge-offs of $1.5 million in the third quarter of 2024. The increase in the allowance for loan losses at September 30, 2025, as compared to June 30, 2025, was primarily attributable to an increase of $2.1 million in the reserve for pooled loans and an $18,000 increase in specific reserves on individually evaluated loans. During the third quarter of 2025, the increase in the allowance for credit losses on pooled loans primarily reflected higher quantitative reserves resulting from the Company’s annual update to its CECL model methodology. The update incorporated more recent economic data and revised segment-specific peer group comparisons, which together contributed to a higher modeled reserve level. To a lesser extent, the increase also reflected a higher forecasted national unemployment rate, a weaker outlook for national gross domestic product, and loan growth during the quarter. There were no changes in the risk levels of the qualitative factors. As of September 30, 2025, acquired loans, net of their discount, totaled $134.1 million, with a remaining net discount on these loans of $146,000, compared to $141.7 million of acquired loans with a remaining net discount of $319,000 at June 30, 2025, and $176.7 million of acquired loans with a remaining net discount of $449,000 at September 30, 2024. The change in the net discount from June 30, 2025, was due to payoff activity during the current quarter. The net discount includes a credit discount based on estimated losses on the acquired loans, partially offset by a premium, if any, based on market interest rates on the date of acquisition. Deposits and Borrowings Deposits increased $41.4 million, or 1.9%, to $2.2 billion at September 30, 2025, compared to $2.2 billion at June 30, 2025, and increased $91.6 million, or 4.3%, compared to $2.1 billion at September 30, 2024. The increase in deposits compared to prior quarter was due to organic growth. In addition, during 2025, the overall deposit mix shifted, in part, due to interest-rate sensitive clients moving a portion of their non-operating deposit balances from lower costing deposits, including noninterest-bearing deposits, into higher costing money market accounts and time deposits. At September 30, 2025, noninterest-bearing deposits totaled $618.1 million, or 27.7% of total deposits, compared to $616.1 million, or 28.2% of total deposits, at June 30, 2025, and $618.3 million, or 28.9% of total deposits, at September 30, 2024. We consider our deposit base to be seasoned, stable and well-diversified, and we do not have any significant industry concentrations among our non-insured deposits. We also offer an insured cash sweep (ICS) product that allows customers to insure deposits above FDIC insurance limits. At September 30, 2025 and June 30, 2025, our average deposit account size (excluding public funds), calculated by dividing period-end deposits by the population of accounts with balances, was approximately $62,000 and $61,000, respectively. The Bank has an approved secured borrowing facility with the FHLB of San Francisco for up to 25% of total assets for a term not to exceed five years under a blanket lien of certain types of loans, with no FHLB advances outstanding at September 30, 2025, June 30, 2025 or September 30, 2024. The Bank has Federal Funds lines with four corresponding banks with an aggregate available commitment on these lines of $65.0 million at September 30, 2025. The Bank has approved discount window advances with the FRB of San Francisco secured by certain loan types. There were no amounts outstanding under these lines or borrowing facilities at September 30, 2025, June 30, 2025 or September 30, 2024. At September 30, 2025 and June 30, 2025, the Company had outstanding junior subordinated deferrable interest debentures, net of fair value adjustments, assumed in connection with prior acquisitions totaling $8.7 million, compared to $8.6 million at September 30, 2024. During the current quarter, the Company redeemed all of the Company’s outstanding subordinated debt. At September 30, 2025, the Company had no outstanding subordinated debt, compared to $63.8 million and $63.7 million, net of issuance costs, at June 30, 2025 and September 30, 2024, respectively. At September 30, 2025, June 30, 2025 and September 30, 2024, the Company had no other borrowings outstanding. Shareholders’ Equity Shareholders’ equity totaled $334.3 million at September 30, 2025, compared to $330.6 million at June 30, 2025, and $321.7 million at September 30, 2024. The $3.7 million increase in shareholders’ equity from June 30, 2025, was primarily the result of net income of $5.0 million and $2.2 million in other comprehensive income, net of taxes, related mainly to changes in the unrealized gain on available-for-sale securities. These increases were partially offset by $909,000 in common stock repurchases and $2.7 million in accrued cash dividends payable during the quarter. At September 30, 2025, a total of 231,555 shares remained available for repurchase under the Company’s current stock repurchase plan. The $12.6 million increase in shareholders’ equity from September 30, 2024, was primarily attributable to growth in retained earnings, reflecting higher earnings over the trailing twelve months. This was partially offset by a $274,000 increase in other comprehensive income, net of taxes, a $1.0 million decrease in net income for the three months ended September 30, 2025, compared to the same period in the prior year, and a $1.6 million increase in cash dividends payable over the comparable periods. About BayCom Corp The Company, through its wholly owned operating subsidiary, United Business Bank, offers a full range of loans, including SBA, CalCAP, FSA and USDA guaranteed loans, and deposit products and services to businesses and their affiliates in California, Washington, New Mexico, Colorado and Nevada. The Bank is an Equal Housing Lender and a member of FDIC. The Company’s common stock is listed on the NASDAQ Global Select Market under the symbol "BCML". For more information, go to www.unitedbusinessbank.com. Forward-Looking Statements This release, as well as other public or shareholder communications by the Company, may contain forward-looking statements, including, but not limited to, (i) statements regarding the financial condition, results of operations and business of the Company, (ii) statements about the Company’s plans, objectives, expectations and intentions and other statements that are not historical facts and (iii) other statements identified by the words or phrases "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," "intends" or similar expressions that are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts but instead are based on current beliefs and expectations of the Company’s management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company’s control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. There are a number of factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors which could cause actual results to differ materially from the results anticipated or implied by our forward-looking statements include, but are not limited to: adverse impacts to economic conditions in our local market areas, other markets where the Company has lending relationships, or other aspects of the Company’s business operations or financial markets, including, without limitation, as a result of employment levels, labor shortages and the effects of inflation, ongoing or renewed recessionary pressures, political instability or uncertainty, and rising government debt levels; changes in the interest rate environment, including increases and decreases in the Federal Reserve benchmark rate and the duration at which such interest rate levels are maintained, which could adversely affect our revenues and expenses, the values of our assets and obligations, and the availability and cost of capital and liquidity; the impact of inflation and monetary and fiscal responses thereto, and their impact on consumer and business behavior; fiscal policy disputes or disruptions, including the effects of any federal government shutdown or delays in budget approvals; the impact of bank failures or adverse developments at other banks and related negative press about the banking industry in general on investor and depositor sentiment; review of the Company’s accounting, accounting policies and internal control over financial reporting; future acquisitions by the Company of other depository institutions or lines of business; the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for credit losses; the Company's ability to access cost-effective funding; fluctuations in real estate values and both residential and commercial real estate market conditions; increased competitive pressures, including repricing and competitors’ pricing initiatives, and their impact on our market position, loan, and deposit products; changes in management’s business strategies, including expectations regarding key growth initiatives and strategic priorities; vulnerabilities in information systems or third-party service providers, including disruptions, breaches, or attacks; environmental, social and governance goals; legislation or regulatory changes, including but not limited to shifts in capital requirements, banking regulations, tax laws, or consumer protection laws; the ability to adapt to rapid technological changes, including advancements in artificial intelligence, digital banking, and cybersecurity; the potential for new or increased tariffs, trade restrictions or geopolitical tensions that could affect economic activity or specific industry sectors; the effects of climate change, severe weather events, natural disasters, pandemics, epidemics and other public health crises, acts of war or terrorism, domestic political unrest and other external events on our business; and other factors described in the Company’s latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other reports filed with or furnished to the Securities and Exchange Commission ("SEC"), which are available on our website at www.unitedbusinessbank.com and on the SEC's website at www.sec.gov. The factors listed above could materially affect the Company’s financial performance and could cause the Company’s actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake - and specifically declines any obligation - to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, whether as a result of new information, future events or otherwise, except as may be required by law or NASDAQ rules. When considering forward-looking statements, you should keep in mind these risks and uncertainties. You should not place undue reliance on any forward-looking statement, which speaks only as of the date made. Non-GAAP Financial Measures: In addition to results presented in accordance with generally accepted accounting principles utilized in the United States ("GAAP"), this earnings release contains tangible book value per share and tangible equity to tangible assets, both of which are non-GAAP financial measures. Tangible book value per share is calculated by dividing tangible common shareholders’ equity by the number of common shares outstanding at the end of the period. Tangible equity and tangible common shareholders’ equity exclude intangible assets from shareholders’ equity, and tangible assets exclude intangible assets from total assets. For these financial measures, the Company’s intangible assets are goodwill and core deposit intangibles. The Company believes that these measures are consistent with the capital treatment by our bank regulatory agencies, which excludes intangible assets from the calculation of risk-based capital ratios, and presents these measures to facilitate comparison of the quality and composition of the Company’s capital over time in comparison to its peers. Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Further, these non-GAAP financial measures should not be considered in isolation or as a substitute for the comparable financial measures determined in accordance with GAAP and may not be comparable to similarly titled measures reported by other companies. Reconciliation of the GAAP and non-GAAP financial measures is presented below: View source version on businesswire.com: https://www.businesswire.com/news/home/20251023245203/en/ Contacts BayCom Corp Keary Colwell, 925-476-1800 [email protected]

WALNUT CREEK, Calif., August 21, 2025--(BUSINESS WIRE)--BayCom Corp (NASDAQ: BCML) ("BayCom" or the "Company"), the parent company of United Business Bank, today announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share on the Company's common stock, which represents a 25% increase (from $0.20 per share) in the Company’s quarterly dividend. The dividend is payable on October 9, 2025 to shareholders of record as of the close of business on September 11, 2025. About BayCom Corp The Company, through its wholly owned operating subsidiary, United Business Bank, offers a full range of loans, including SBA, CalCAP, FSA and USDA guaranteed loans, and deposit products and services to businesses and their affiliates in California, Nevada, Washington, New Mexico and Colorado. The Bank is an Equal Housing Lender and a member of FDIC. The Company’s common stock is traded on the NASDAQ under the symbol "BCML." For more information, go to www.unitedbusinessbank.com. Forward-Looking Statements Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to the Company's financial condition, results of operations, plans, objectives, future performance or business, including information regarding the ability of BayCom to pay dividends in the future. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, and actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Factors that might cause such differences include, but are not limited to, the Company’s financial condition and results of operations, general economic conditions, as well as those within the Company’s industry, and numerous other factors identified in BayCom's Annual Report on Form 10-K for the year ended December 31, 2024, subsequent Quarterly Reports on Form 10-Q and other documents filed with or furnished to the Securities and Exchange Commission. Such forward-looking statements speak only as of the date of this release. The Company expressly disclaims any obligation to update or revise any forward-looking statements made herein to reflect any changes in the Company's expectations of results or any change in events. View source version on businesswire.com: https://www.businesswire.com/news/home/20250821531840/en/ Contacts BayCom Corp Keary Colwell, 925-476-1800 [email protected]

WALNUT CREEK, Calif., July 17, 2025--(BUSINESS WIRE)--BayCom Corp ("BayCom" or the "Company") (NASDAQ: BCML), the holding company for United Business Bank (the "Bank" or "UBB"), announced earnings of $6.4 million, or $0.58 per diluted common share, for the second quarter of 2025, compared to earnings of $5.7 million, or $0.51 per diluted common share, for the first quarter of 2025 and $5.6 million, or $0.50 per diluted common share, for the second quarter of 2024. Net income for the second quarter of 2025 increased $662,000, or 11.6%, compared to the first quarter of 2025. This increase was primarily the result of a $439,000 decrease in provision for credit losses, a $280,000 increase in net interest income, a $235,000 decrease in noninterest expense, and a $73,000 increase in noninterest income, partially offset by a $365,000 increase in provision for income taxes. Compared to the second quarter of 2024, net income for the second quarter of 2025 increased $764,000, or 13.6%, primarily as a result of an $865,000 increase in net interest income, a $258,000 decrease in noninterest expense, and a $30,000 increase in noninterest income, partially offset by a $357,000 increase in provision for income taxes and a $32,000 increase in provision for credit losses. Net income for the six months ended June 30, 2025 increased $589,000, or 5.1%, compared to the same period in 2024 primarily as a result of a $1.4 million increase in net interest income and a $340,000 decrease in noninterest expense, partially offset by a $592,000 decrease in noninterest income, a $422,000 increase in provision for credit losses, and a $75,000 increase in provision for income taxes. George Guarini, President and Chief Executive Officer, commented, "Our financial results for the second quarter of 2025 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." Looking ahead, Guarini expressed cautious optimism, stating, "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." He concluded, "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." Second Quarter Performance Highlights: Annualized net interest margin was 3.77% for the current quarter, compared to 3.83% for the preceding quarter and 3.69% for the same quarter a year ago. Annualized return on average assets was 0.98% for current quarter, compared to 0.89% for the preceding quarter and 0.87% for the same quarter a year ago. Total assets remained steady at $2.6 billion at June 30, 2025, March 31, 2025 and June 30, 2024. Loans, net of deferred fees, totaled $2.0 billion at both June 30, 2025 and March 31, 2025, and $1.9 billion at June 30, 2024. Nonperforming loans totaled $16.4 million or 0.82% of total loans, at June 30, 2025, compared to $10.0 million or 0.51% of total loans, at March 31, 2025, and $16.1 million, or 0.87% of total loans, at June 30, 2024. The allowance for credit losses for loans totaled $18.7 million, or 0.93% of total loans outstanding, at June 30, 2025, compared to $18.5 million, or 0.94% of total loans outstanding, at March 31, 2025, and $19.0 million, or 1.02% of total loans outstanding, at June 30, 2024. A $203,000 provision for credit losses was recorded during the current quarter, compared to a $642,000 provision for credit losses in the prior quarter and a $171,000 provision for credit losses in the same quarter a year ago. Deposits totaled $2.2 billion at June 30, 2025, compared to $2.1 billion at March 31, 2025 and $2.2 billion at June 30, 2024. At June 30, 2025, noninterest-bearing deposits totaled $616.1 million, or 28.2% of total deposits, compared to $589.5 million, or 27.7% of total deposits, at March 31, 2025, and $618.6 million, or 28.4% of total deposits, at June 30, 2024. The Company repurchased 148,450 shares of common stock at an average cost of $25.88 per share during the second quarter of 2025, compared to 50,793 shares of common stock repurchased at an average cost of $25.82 per share during the first quarter of 2025, and 204,794 shares of common stock repurchased at an average cost of $20.17 per share during the second quarter of 2024. On May 21, 2025, the Company announced the declaration of a cash dividend on the Company’s common stock of $0.20 per share, which was paid on July 10, 2025 to shareholders of record as of June 12, 2025. The Bank remained a "well-capitalized" institution for regulatory capital purposes at June 30, 2025. Earnings Net interest income increased $280,000, or 1.2%, to $23.2 million for the second quarter of 2025 from $22.9 million for the prior quarter, and increased $865,000, or 3.9%, from $22.3 million for the same quarter a year ago. The increase from the prior quarter was primarily driven by an increase in interest income on loans, including fees, and to a lesser extent an increase in interest income on fed funds sold and interest-bearing balances in banks. These increases were partially offset by an increase in interest expense on deposits and a decrease in interest income on investment securities. The increase in net interest income compared to the same quarter in 2024 primarily reflects increases in interest income on loans and investment securities. These increases were partially offset by a decrease in interest income on fed funds sold and interest-bearing balances in banks, as well as higher interest expense on deposits. Average interest-earning assets increased $38.6 million, or 1.6%, compared to the first quarter of 2025, and $33.7 million, or 1.4%, compared to the second quarter of 2024. The average yield earned (annualized) on interest earning assets for the second quarter of 2025 was 5.45%, down from 5.46% for the first quarter of 2025 and up from 5.37% for the second quarter of 2024. The decrease from the prior quarter reflects decreased yield on interest-bearing balances in banks. This increase from the second quarter of 2024 reflects the repricing of adjustable-rate loans and securities to higher rates, as well as the origination of new loans at higher rates. The average rate paid (annualized) on interest-bearing liabilities increased to 2.54% for the second quarter of 2025, compared to 2.49% for the prior quarter, and was unchanged from 2.54% for the second quarter of 2024. The increase in liability costs was due to higher cost of premium money market interest-bearing deposits during the second quarter of 2025 as compared to the first quarter of 2025. As interest-bearing liabilities tend to have shorter durations, they generally reprice or reset faster than interest-earning assets. Interest income on loans, including fees, increased $813,000, or 3.0%, to $28.0 million for the three months ended June 30, 2025 from $27.1 million for the prior quarter, due to a $39.5 million increase in the average balance of loans, partially offset by a one basis point decrease in the average loan yield. Interest income on loans, including fees, increased $2.9 million, or 11.8%, for the three months ended June 30, 2025 from $25.0 million for three months ended June 30, 2024, due to a $133.4 million increase in the average balance of loans and a 22 basis point increase in the average loan yield. The average balance of loans was $2.0 billion for the second and first quarters of 2025, compared to $1.9 billion for the second quarter of 2024. The average yield on loans was 5.63% for the second quarter of 2025, compared to 5.64% for the first quarter of 2025 and 5.41% for the second quarter of 2024. Interest income on loans included $110,000 in accretion of the net discount on acquired loans for the three months ended June 30, 2025, compared to $215,000 and $124,000 for the three months ended March 31, 2025 and June 30, 2024, respectively. Accretion of the net discount had minimal to no impact on the average yield on loans during the reported periods. The balance of the net discounts on these acquired loans totaled $319,000, $223,000, and $540,000 at June 30, 2025, March 31, 2025, and June 30, 2024, respectively. Interest income included fees related to prepayment penalties of $109,000 for the three months ended June 30, 2025, compared to $162,000 and $70,000 for the three months ended March 31, 2025 and June 30, 2024, respectively. Interest income on investment securities decreased $47,000, or 2.0%, and was $2.4 million for the three months ended June 30, 2025, compared to $2.5 million for the three months ended March 31, 2025, and increased $225,000, or 10.3%, from $2.2 million for the three months ended June 30, 2024. The average yield on investment securities decreased five basis points to 4.68% for the three months ended June 30, 2025, compared to 4.73% for the three months ended March 31, 2025, and increased 18 basis points from 4.50% for the three months ended June 30, 2024. The decrease in the average yield from the prior quarter was due to paydowns and calls on higher variable-rate securities. The increase in the average yield from the same quarter a year ago was due to higher market interest rates on newly purchased securities and rate resets on variable rate investment securities. The average balance of investment securities totaled $206.5 million for the three months ended June 30, 2025, compared to $210.2 million and $195.1 million for the three months ended March 31, 2025 and June 30, 2024, respectively. In addition, during the second quarter of 2025, we received $392,000 in cash dividends on our FRB and FHLB stock, compared to $393,000 in the first quarter of 2025 and $395,000 in the second quarter of 2024. Interest income on federal funds sold and interest-bearing balances in banks increased $44,000, or 1.7%, to $2.7 million for the three months ended June 30, 2025, compared to $2.6 million for the three months ended March 31, 2025, and decreased $2.1 million, or 44.1%, from $4.8 million for the three months ended June 30, 2024, as a result of changes in the average yield and average balance. The average yield on federal funds sold and interest-bearing balances in banks decreased two basis points to 4.45% for the three months ended June 30, 2025, compared to 4.47% for the three months ended March 31, 2025, and decreased 102 basis points from 5.47% for the three months ended June 30, 2024. The decrease in the average yield was due to a lowering of the Federal Reserve rates during 2024. The average balance of federal funds sold and interest-bearing balance in banks totaled $242.8 million for the three months ended June 30, 2025, compared to $240.3 million and $354.3 million for the three months ended March 31, 2025 and June 30, 2024, respectively. Interest expense increased $527,000, or 5.4%, to $10.3 million for the three months ended June 30, 2025, compared to $9.8 million for the three months ended March 31, 2025, and increased $611,000, or 3.1%, compared to $10.1 million for the three months ended June 30, 2024. The increase from the prior quarter reflects higher average balances and funding costs on money market accounts. The increase from the same quarter of 2024 was due to higher deposit rates, reflecting increased market rates and competitive pricing pressures. The average balance of deposits totaled $2.2 billion for the second quarter of 2025, compared to $2.1 billion for both the first quarter of 2025 and the second quarter of 2024. The average cost of interest-bearing liabilities for the second quarter of 2025 was 2.54%, up from to 2.49% for the first quarter of 2025 and unchanged from second quarter of 2024. The increase from the prior quarter was due to higher rates paid on money market deposits. Compared to the same quarter last year, the increase also reflects higher rates on money market and time deposits, competitive pricing pressures, and a shift in deposit mix from noninterest-bearing to higher-costing accounts. The average cost of deposits (including noninterest-bearing deposits) for the three months ended June 30, 2025 was 1.71%, up from 1.66% for the three months ended March 31, 2025 and 1.69% for the three months ended June 30, 2024. The average balance of noninterest-bearing deposits increased $1.2 million, or 0.2%, to $604.9 million for the three months ended June 30, 2025, compared to $603.7 million for the three months ended March 31, 2025 and decreased $15.5 million, or 2.5%, compared to $620.5 million for the three months ended June 30, 2024. Annualized net interest margin was 3.77% for the second quarter of 2025, compared to 3.83% for the first quarter of 2025 and 3.69% for the second quarter of 2024. The average yield on interest-earning assets for the second quarter of 2025 decreased by one basis point from the prior quarter and increased eight basis points from the second quarter of 2024. The average rate paid on interest-bearing liabilities increased five basis points from the first quarter of 2025 and remained unchanged compared to the second quarter of 2024. The decline in net interest margin from the prior quarter reflects higher funding costs, particularly on money market and time deposits, which more than offset the modest decline in asset yields. Compared to the same quarter last year, the increase in net interest margin was primarily driven by higher yields on loans and investment securities, reflecting the ongoing benefit of asset repricing in a higher rate environment. For the second quarter of 2025, the average yield on loans increased to 5.63%, while the average yield on investment securities rose to 4.68%, both contributing to the year-over-year improvement in asset yields. The Company recorded a $203,000 provision for credit losses for the second quarter of 2025, compared to a $642,000 and a $171,000 provision for credit losses for the first quarter of 2025 and the second quarter of 2024, respectively. The decrease in the provision during the current quarter compared to the prior quarter was primarily driven by a decrease in the specific reserves on individually evaluated loans, partially offset by loan growth and an increase in the overall required level of allowance for credit loss reserve. Net charge-offs were $13,000 for the second quarter of 2025, compared to net charge-offs of $102,000 in the prior quarter of 2025 and $76,000 in the second quarter of 2024. Noninterest income for the second quarter of 2025 increased $73,000, or 5.1%, to $1.5 million compared to $1.4 million for the prior quarter of 2025, and increased $30,000, or 2.0%, compared to $1.5 million for the second quarter of 2024. The increase in noninterest income for the current quarter compared to the prior quarter of 2025 was primarily due to a $262,000 decrease in loss on equity securities, reflecting positive fair value adjustments due to improved market conditions, and a $127,000 increase in loan servicing and other fees. These increases were partially offset by a $144,000 decrease in gain on sale of loans, a $118,000 increase in loss on investment in Small Business Investment Company ("SBIC") fund, a $32,000 decrease in service charges and other fees, and a $22,000 decrease in other income and fees. The increase in noninterest income for the current quarter compared to the same quarter of 2024 was primarily due to a $328,000 decrease in loss on equity securities as a result of positive fair value adjustments on these securities due to changes in market conditions, a $179,000 increase in loan servicing and other fees, and a $75,000 increase in service charges and other fees partially offset by a $233,000 decrease in gain on sale of loans, a $298,000 increase in loss on investment in SBIC fund, and a $21,000 decrease in other income and fees. Noninterest expense for the second quarter of 2025 decreased $235,000, or 1.5%, to $15.8 million, compared to $16.0 million for the first quarter of 2025, and decreased $258,000, or 1.6%, compared to $16.0 million for the second quarter of 2024. The decrease from the prior quarter primarily reflected a $207,000 decrease in salaries and employee benefits, as the first quarter included slightly higher incentive expense, and a $135,000 reduction in other expense. The decrease in other expense was due in part to excess funds returned to the Bank from a loss reserve account previously established under the California Capital Access Program (CalCap), which is designed to support small business lending by requiring contributions to a reserve fund that covers potential loan losses. These funds were no longer needed due to strong loan performance and were returned to the Bank. These decreases were partially offset by a $47,000 increase in occupancy and equipment expense and a $60,000 increase in data processing expense. Compared to the second quarter of 2024, the decrease in noninterest expense was primarily due to a $657,000 decrease in other expense due to reduction in legal and professional service costs as well as the return of unused CalCap reserve funds. These decreases were partially offset by a $263,000 increase in data processing expense due to newly implemented services in 2025, an $86,000 increase in salaries and wages, and a $50,000 increase in occupancy and equipment expense. The provision for income taxes increased $365,000, or 18.4%, and was $2.4 million for the second quarter of 2025, as compared to $2.0 million for the first quarter of 2025 and increased $357,000, or 17.9%, from $2.0 million for the second quarter of 2024. The effective tax rate for the second quarter of 2025 was 27.0%, compared to 25.8% for the prior quarter of 2025 and 26.3% for the second quarter of 2024. The effective tax rate increased from the prior quarter of 2025 due to year-end true-ups recorded in the first quarter of 2025, and was lower compared to the second quarter of 2024 due to higher low income housing tax credits. Loans and Credit Quality Loans, net of deferred fees, increased $33.6 million from March 31, 2025, and increased $136.1 million from June 30, 2024, and totaled $2.0 billion at both June 30, 2025 and March 31, 2025, compared to $1.9 billion at June 30, 2024. The increase in loans at June 30, 2025 compared to March 31, 2025 was primarily due to $155.1 million of new loan originations and $13.1 million of loan purchases, partially offset by $134.4 million of loan repayments and $564,000 of loan sales during the current quarter. Nonperforming loans, consisting of non-accrual loans and accruing loans 90 days or more past due, totaled $16.4 million, or 0.82% of total loans, at June 30, 2025, compared to $10.0 million, or 0.51% of total loans, at March 31, 2025, and $16.1 million, or 0.87% of total loans, at June 30, 2024. The increase in nonperforming loans from the prior quarter-end was primarily due to seven new commercial real estate loans totaling $5.2 million being placed on non-accrual during the current quarter and a $2.8 million increase in loans 90 days or most past due, still accruing, and in the process of collection, partially offset by payoffs of four non-accrual loans totaling $1.9 million and one fully charged off nonaccrual loan of $105,000. The seven commercial real estate loans placed on non-accrual are secured by various types of real estate. The portion of nonaccrual loans guaranteed by government agencies totaled $610,000 at June 30, 2025, compared to $618,000 at March 30, 2025 and $2.2 million at June 30, 2024. As of June 30, 2025, there were three loans totaling $2.9 million that were 90 days or more past due, still accruing, and in the process of collection. Of the $2.9 million, $2.8 million are fully guaranteed by government agencies. This compares to one loan totaling $150,000 at March 31, 2025, and no such loans at June 30, 2024. Accruing loans past due between 30 and 89 days at June 30, 2025, totaled $9.2 million, compared to $10.8 million at March 31, 2025 and $1.5 million at June 30, 2024. The $1.6 million decrease in accruing loans past due between 30-89 days at June 30, 2025 as compared to March 31, 2025, was primarily due to one commercial real estate loan for $1.9 million which was 30-89 days past due at March 31, 2025 and was paid off during the current quarter. At June 30, 2025, the Company’s allowance for credit losses for loans was $18.7 million, or 0.93% of total loans, compared to $18.5 million, or 0.94% of total loans, at March 31, 2025 and $19.0 million, or 1.02% of total loans, at June 30, 2024. We recorded net charge-offs of $13,000 for the second quarter of 2025, compared to net charge-offs of $102,000 in the prior quarter of 2025 and net charge-offs of $76,000 in the second quarter of 2024. The modest increase in the allowance for loan losses at June 30, 2025, as compared to March 31, 2025, was primarily attributable to an increase of $662,000 in the reserve for pooled loans, partially offset by a $462,000 decrease in specific reserves on individually evaluated loans. During the second quarter of 2025, the increase in the reserve for pooled loans was attributable to an increase in qualitative reserves as a result of changes in the risk level of one qualitative factor, as well as an increase in quantitative reserves tied to forecasted economic conditions. Specifically, the model incorporated a higher forecasted national unemployment rate, partially offset by an improved outlook for national gross domestic product, both of which are key macroeconomic variables used in the Company’s credit loss estimation process. As of June 30, 2025, acquired loans net of their discount totaled $141.7 million, with a remaining net discount on these loans of $319,000, compared to $152.4 million of acquired loans with a remaining net discount of $223,000 at March 31, 2025, and $186.3 million of acquired loans with a remaining net discount of $540,000 at June 30, 2024. The change in the net discount from March 31, 2025, was due to payoff activity during the current quarter. The net discount includes a credit discount based on estimated losses on the acquired loans, partially offset by a premium, if any, based on market interest rates on the date of acquisition. Deposits and Borrowings Deposits increased $57.8 million, or 2.6%, to $2.2 billion at June 30, 2025, compared to $2.1 billion at March 31, 2025 and increased $11.6 million, or 0.6%, compared to $2.2 billion at June 30, 2024. The increase in deposits during the current quarter as compared to prior quarter is due to organic growth. In addition, during 2025, the overall deposit mix shifted, in part, due to interest-rate sensitive clients moving a portion of their non-operating deposit balances from lower costing deposits, including noninterest-bearing deposits, into higher costing money market accounts and time deposits. At June 30, 2025, noninterest-bearing deposits totaled $616.1 million, or 28.2% of total deposits, compared to $589.5 million, or 27.7% of total deposits, at March 31, 2025, and $618.6 million, or 28.4% of total deposits, at June 30, 2024. We consider our deposit base to be seasoned, stable and well-diversified, and we do not have any significant industry concentrations among our non-insured deposits. We also offer an insured cash sweep (ICS) product that allows customers to insure deposits above FDIC insurance limits. At June 30, 2025 and March 31, 2025, our average deposit account size (excluding public funds), calculated by dividing period-end deposits by the population of accounts with balances, was approximately $61,000 and $60,000, respectively. The Bank has an approved secured borrowing facility with the FHLB of San Francisco for up to 25% of total assets for a term not to exceed five years under a blanket lien of certain types of loans, with no FHLB advances outstanding at June 30, 2025, March 31, 2025 or June 30, 2024. The Bank has Federal Funds lines with four corresponding banks with an aggregate available commitment on these lines of $65.0 million at June 30, 2025. The Bank has approved discount window advances with the FRB of San Francisco secured by certain loan types. There were no amounts outstanding under these lines or borrowing facilities at June 30, 2025, March 31, 2025 or June 30, 2024. At June 30, 2025 and March 31, 2025, the Company had outstanding junior subordinated deferrable interest debentures, net of fair value adjustments, assumed in connection with its previous acquisitions totaling $8.7 million, compared to $8.6 million at June 30, 2024. At June 30, 2025, the Company had outstanding subordinated debt, net of costs to issue, totaling $63.8 million, compared to $63.8 million and $63.7 million at March 31, 2025 and June 30, 2024, respectively. At June 30, 2025, March 31, 2025 and June 30, 2024, the Company had no other borrowings outstanding. Shareholders’ Equity Shareholders’ equity totaled $330.6 million at June 30, 2025, compared to $329.3 million at March 31, 2025, and $315.3 million at June 30, 2024. The $1.2 million increase in shareholders’ equity from March 31, 2025, was primarily the result of net income of $6.4 million and $789,000 in other comprehensive income, net of taxes, related mainly to changes in the unrealized gain on available-for-sale securities. These increases were partially offset by $3.9 million in common stock repurchases and $2.2 million in accrued cash dividends payable during the quarter. At June 30, 2025, a total of 264,855 shares remained available for repurchase under the Company’s current stock repurchase plan. The $15.3 million increase in shareholders’ equity from June 30, 2024, was primarily attributable to growth in retained earnings, reflecting higher earnings over the trailing twelve months, as well as a $283,000 improvement in other comprehensive income, net of taxes, and a $764,000 increase in net income for the three months ended June 30, 2025, compared to the same period in the prior year. These increases were partially offset by a $1.1 million increase in cash dividends payable over the comparable periods. About BayCom Corp The Company, through its wholly owned operating subsidiary, United Business Bank, offers a full range of loans, including SBA, CalCAP, FSA and USDA guaranteed loans, and deposit products and services to businesses and their affiliates in California, Washington, New Mexico, Colorado and Nevada. The Bank is an Equal Housing Lender and a member of FDIC. The Company’s common stock is listed on the NASDAQ Global Select Market under the symbol "BCML". For more information, go to www.unitedbusinessbank.com. Forward-Looking Statements This release, as well as other public or shareholder communications by the Company, may contain forward-looking statements, including, but not limited to, (i) statements regarding the financial condition, results of operations and business of the Company, (ii) statements about the Company’s plans, objectives, expectations and intentions and other statements that are not historical facts and (iii) other statements identified by the words or phrases "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," "intends" or similar expressions that are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts but instead are based on current beliefs and expectations of the Company’s management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company’s control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. There are a number of factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors which could cause actual results to differ materially from the results anticipated or implied by our forward-looking statements include, but are not limited to: adverse impacts to economic conditions in our local market areas, other markets where the Company has lending relationships, or other aspects of the Company’s business operations or financial markets, including, without limitation, as a result of employment levels, labor shortages and the effects of inflation, ongoing or renewed recessionary pressures, political instability or uncertainty, and rising government debt levels; changes in the interest rate environment, including the increases and decreases in the Federal Reserve benchmark rate and the duration at which such interest rate levels are maintained, which could adversely affect our revenues and expenses, the values of our assets and obligations, and the availability and cost of capital and liquidity; the impact of inflation and monetary and fiscal responses thereto, and their impact on consumer and business behavior; fiscal policy disputes or disruptions, including the effects of any federal government shutdown or delays in budget approvals; the impact of bank failures or adverse developments at other banks and related negative press about the banking industry in general on investor and depositor sentiment; review of the Company’s accounting, accounting policies and internal control over financial reporting; future acquisitions by the Company of other depository institutions or lines of business; the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for credit losses; the Company's ability to access cost-effective funding; fluctuations in real estate values and both residential and commercial real estate market conditions; increased competitive pressures, including repricing and competitors’ pricing initiatives, and their impact on our market position, loan, and deposit products; changes in management’s business strategies, including expectations regarding key growth initiatives and strategic priorities; vulnerabilities in information systems or third-party service providers, including disruptions, breaches, or attacks; environmental, social and governance goals; legislation or regulatory changes, including but not limited to shifts in capital requirements, banking regulations, tax laws, or consumer protection laws; the ability to adapt to rapid technological changes, including advancements in artificial intelligence, digital banking, and cybersecurity; the potential for new or increased tariffs, trade restrictions or geopolitical tensions that could affect economic activity or specific industry sectors; the effects of climate change, severe weather events, natural disasters, pandemics, epidemics and other public health crises, acts of war or terrorism, domestic political unrest and other external events on our business; and other factors described in the Company’s latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other reports filed with or furnished to the Securities and Exchange Commission ("SEC"), which are available on our website at www.unitedbusinessbank.com and on the SEC's website at www.sec.gov. The factors listed above could materially affect the Company’s financial performance and could cause the Company’s actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake - and specifically declines any obligation - to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, whether as a result of new information, future events or otherwise, except as may be required by law or NASDAQ rules. When considering forward-looking statements, you should keep in mind these risks and uncertainties. You should not place undue reliance on any forward-looking statement, which speaks only as of the date made. Non-GAAP Financial Measures: In addition to results presented in accordance with generally accepted accounting principles utilized in the United States ("GAAP"), this earnings release contains tangible book value per share and tangible equity to tangible assets, both of which are non-GAAP financial measures. Tangible book value per share is calculated by dividing tangible common shareholders’ equity by the number of common shares outstanding at the end of the period. Tangible equity and tangible common shareholders’ equity exclude intangible assets from shareholders’ equity, and tangible assets exclude intangible assets from total assets. For these financial measures, the Company’s intangible assets are goodwill and core deposit intangibles. The Company believes that these measures are consistent with the capital treatment by our bank regulatory agencies, which excludes intangible assets from the calculation of risk-based capital ratios and presents these measures to facilitate comparison of the quality and composition of the Company’s capital over time in comparison to its peers. Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Further, these non-GAAP financial measures should not be considered in isolation or as a substitute for the comparable financial measures determined in accordance with GAAP and may not be comparable to similarly titled measures reported by other companies. Reconciliation of the GAAP and non-GAAP financial measures is presented below: View source version on businesswire.com: https://www.businesswire.com/news/home/20250717281526/en/ Contacts BayCom Corp Keary Colwell, 925-476-1800 [email protected]