BCML

Bay Commercial Bank (BCML) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +14.29%. A quarter ago, it was expected that this company would post earnings of $0.64 per share when it actually produced earnings of $0.32, delivering a surprise of -50%. 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 $27.17 million for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 4.69%. This compares to year-ago revenues of $25.66 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 5.9% since the beginning of the year versus the S&P 500's gain of 13.3%. 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 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 $0.59 on $26.45 million in revenues for the coming quarter and $2.06 on $104.31 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 27% 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, Hanmi Financial (HAFC), has yet to report results for the quarter ended September 2026. The results are expected to be released on October 27. This bank holding company is expected to post quarterly earnings of $0.81 per share in its upcoming report, which represents a year-over-year change of +11%. The consensus EPS estimate for the quarter has been revised 0.6% higher over the last 30 days to the current level. Hanmi Financial's revenues are expected to be $74.97 million, up 5.7% 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 Hanmi Financial Corporation (HAFC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

WALNUT CREEK, Calif., October 22, 2026--(BUSINESS WIRE)--BayCom Corp ("BayCom" or the "Company") (NASDAQ: BCML), the holding company for United Business Bank (the "Bank"), today announced a net income of $1.1 million, or $0.10 per diluted common share, for the third quarter of 2026, compared to net loss of $7.0 million, or $(0.64) per diluted common share, for the second quarter of 2026, and net income of $5.0 million, or $0.46 per diluted common share, for the third quarter of 2025. During the third quarter of 2026, the Company completed a strategic repositioning of investment securities to improve future profitability and its interest rate risk profile. The Company sold $106.8 million of investment securities available-for-sale, resulting in a loss of $6.8 million. The proceeds were redeployed into higher-yielding, shorter-duration securities, generating an approximately 122 basis point improvement in the yield on redeployed assets. The Company also sold $7.8 million of preferred equity securities to eliminate the market volatility impact on future earnings from these securities. The preferred equity sales, together with negative market performance, resulted in a loss of $589,000 during the quarter. Salaries and employee benefits included $192,000 of severance expense associated with staffing realignment actions taken during the quarter to improve operating efficiency. Interest income on investment securities included a $142,000 special dividend from the FHLB. 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. William Black, Executive Vice Chairman, commented, "This quarter we took several deliberate actions to strengthen future earnings. We repositioned our bond portfolio into higher-yielding, shorter-duration securities and began restructuring our bank-owned life insurance (BOLI) portfolio, which together we expect to recoup the costs of these actions within approximately three years. We also sold most of our preferred equity holdings to reduce earnings volatility and market risk. Finally, we took targeted steps to realign our relationship banking teams around our most productive talent and markets. While these actions collectively reduced current-quarter earnings by approximately $0.50 per share, they position us for stronger, more consistent performance going forward. We are now focused on growing core customer relationships by investing in our business while looking at opportunities to improve legacy cost structures." Christopher Baron, President and Chief Executive Officer, commented, "Our relationship-driven deposit franchise remains one of our greatest strengths. Deposits grew $122.3 million, and our average cost of deposits rose just one basis point to 1.57% despite competitive pressure and the Fed's September rate increase. Loans grew 3.7%, led by residential, multifamily and C&I lending, and our net interest margin expanded 16 basis points to 4.11%. Thank you to our clients for their loyalty and to our team for their dedication." Third Quarter 2026 Performance Highlights: - Net interest margin of 4.11%, up 16 basis points from Q2 2026 and 43 basis points from Q3 2025. - Total loans increased $77.2 million, or 3.7%, to $2.2 billion. - Total deposits increased $122.3 million, or 5.6%, to $2.3 billion, with an average cost of deposits of 1.57%. - Investment securities available-for-sale decreased $11.0 million, or 6.0%, in the quarter, reflecting the strategic repositioning of the securities portfolio, which resulted in a $6.8 million loss. These actions are expected to improve the yield on redeployed assets by approximately 122 basis points going forward, as well as the interest rate profile. - Equity securities decreased $9.0 million in the quarter, primarily due to the sale of preferred equity securities to reduce market volatility impact on future earnings, resulting in a $589,000 net loss. - Salaries and employee benefits included $192,000 of severance expense associated with staffing realignment actions taken during the quarter to improve operating efficiency. - Classified assets declined $3.9 million, or 11.1%, to $31.7 million at quarter-end. - Capital ratios were above the regulatory thresholds for "well capitalized" banks at quarter-end, with a Total Capital ratio of 14.52%, Common Equity Tier 1 ratio of 13.39%, and Tangible Common Equity ratio of 11.17%.* *Tangible Common Equity ratio is a non-GAAP financial measure. The reconciliation of GAAP and non-GAAP financial measures is presented at the end of this release. Earnings The Company reported net income of $1.1 million for the third quarter of 2026, compared to a net loss of $7.0 million for the second quarter of 2026. This improvement primarily reflected a $9.5 million decrease in noninterest expense, driven largely by a $9.8 million decrease in salaries and employee benefits, as the prior 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, and a $4.4 million decrease in the provision for credit losses. Net interest income also increased $1.8 million during the quarter. These changes were partially offset by a $7.3 million decrease in noninterest income, primarily due to a $6.8 million loss on the sale of available-for-sale investment securities. Compared to the third quarter of 2025, the decrease in net income from $5.0 million to $1.1 million primarily reflected an $8.1 million decrease in noninterest income, largely attributable to the $6.8 million loss on the sale of available-for-sale investment securities, and a $1.7 million increase in noninterest expense. These changes were partially offset by a $2.2 million increase in net interest income and a $2.1 million decrease in the provision for credit losses. Net income for the nine months ended September 30, 2026 totaled $2.4 million, compared to $17.1 million for the same period in 2025. The decrease was primarily due to a $13.6 million increase in noninterest expense, mainly due to the above-mentioned $10.5 million of costs associated with the previously announced departures of three senior executives, an $8.0 million decrease in noninterest income, primarily due to the $6.8 million loss on the sale of available-for-sale investment securities, and a $1.6 million increase in the provision for credit losses, partially offset by a $5.0 million increase in net interest income. Net Interest Income and Margin Annualized net interest margin was 4.11% for the third quarter of 2026, up 16 basis points compared to 3.95% for the second quarter of 2026 and up 43 basis points from 3.68% for the third quarter of 2025. The average yield earned (annualized) on interest-earning assets was 5.54% for the third quarter of 2026, up from 5.36% for the second quarter of 2026 and 5.49% for the third quarter of 2025. The average rate paid (annualized) on interest-bearing liabilities was 2.15% for the third quarter of 2026, up from 2.14% for the second quarter of 2026 and down from 2.73% for the third quarter of 2025. The following tables present average balances, interest income and expense, average yields and costs, net interest income, interest rate spread and net interest margin for the third quarter of 2026 compared to the second quarter of 2026 and the third quarter of 2025. | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended | | | September 30, | | June 30, | | September 30, | | | 2026 | | 2026 | | 2025 | | | (Dollars in thousands) | | | | | | | | | Annualized | | | | | | | | Annualized | | | | | | | | Annualized | | | Average | | | | | Average | | Average | | | | | Average | | Average | | | | | Average | | | Balance (4) | | Interest | | Yield/Cost | | Balance (5) | | Interest | | Yield/Cost | | Balance (5) | | Interest | | Yield | | | (Dollars in thousands) | | | | | | | | | Interest earning assets | | | | | | | | | | | | | | | | | | | | | | | | | Fed Funds sold and interest-bearing balances in banks | | $ | 167,437 | | $ | 1,576 | | 3.73 | % | $ | 177,266 | | $ | 1,634 | | 3.70 | % | $ | 269,795 | | $ | 3,017 | | 4.44 | % Investment securities | | | 184,597 | | | 2,243 | | 4.82 | % | | 194,680 | | | 2,267 | | 4.67 | % | | 199,789 | | | 2,315 | | 4.60 | % FHLB Stock | | | 12,046 | | | 284 | | 9.35 | % | | 11,954 | | | 23 | | 0.76 | % | | 11,524 | | | 253 | | 8.70 | % FRB Stock | | | 7,754 | | | 116 | | 5.93 | % | | 7,730 | | | 112 | | 5.80 | % | | 9,655 | | | 145 | | 5.94 | % Total loans (1) | | | 2,097,942 | | | 30,259 | | 5.72 | % | | 2,020,754 | | | 28,213 | | 5.60 | % | | 2,034,570 | | | 29,220 | | 5.70 | % Total interest earning assets | | | 2,469,776 | | | 34,478 | | 5.54 | % | | 2,412,384 | | | 32,249 | | 5.36 | % | | 2,525,333 | | | 34,950 | | 5.49 | % Noninterest earning assets | | | 132,161 | | | | | | | | 133,633 | | | | | | | | 132,407 | | | | | | Total average assets | | $ | 2,601,937 | | | | | | | $ | 2,546,017 | | | | | | | $ | 2,657,740 | | | | | | Interest bearing liabilities | | | | | | | | | | | | | | | | | | | ​ | | | | | | Savings | | $ | 71,762 | | $ | 22 | | 0.12 | % | $ | 73,425 | | | 22 | | 0.12 | % | $ | 73,657 | | | 23 | | 0.12 | % NOW accounts | | | 264,366 | | | 113 | | 0.17 | % | | 256,465 | | | 53 | | 0.08 | % | | 267,115 | | | 59 | | 0.09 | % Money market | | | 810,679 | | | 4,323 | | 2.12 | % | | 751,374 | | | 3,942 | | 2.10 | % | | 685,625 | | | 4,187 | | 2.42 | % Time deposits | | | 496,614 | | | 4,341 | | 3.47 | % | | 509,996 | | | 4,382 | | 3.45 | % | | 586,265 | | | 5,508 | | 3.73 | % Total interest bearing deposit accounts | | | 1,643,421 | | | 8,799 | | 2.12 | % | | 1,591,260 | | | 8,399 | | 2.12 | % | | 1,612,662 | | | 9,777 | | 2.41 | % Subordinated debt, net | | | — | | | — | | — | % | | — | | | — | | — | % | | 52,742 | | | 1,571 | | 11.82 | % Junior subordinated debentures, net | | | 5,894 | | | 119 | | 8.00 | % | | 5,879 | | | 119 | | 8.10 | % | | 8,694 | | | 193 | | 8.78 | % Other borrowings | | | — | | | — | | — | % | | 292 | | | 3 | | 4.07 | % | | — | | | — | | — | % Total interest bearing liabilities | | | 1,649,315 | | | 8,918 | | 2.15 | % | | 1,597,431 | | | 8,521 | | 2.14 | % | | 1,674,098 | | | 11,541 | | 2.73 | % Noninterest bearing deposits | | | 577,652 | | | | | | | | 571,395 | | | | | | | | 617,481 | | | | | | Other noninterest bearing liabilities | | | 37,015 | | | | | | | | 30,863 | | | | | | | | 31,551 | | | | | | Noninterest bearing liabilities | | | 614,667 | | | | | | | | 602,258 | | | | | | | | 649,032 | | | | | | Total average liabilities | | | 2,263,982 | | | | | | | | 2,199,689 | | | | | | | | 2,323,130 | | | | | | Average equity | | | 337,955 | | | | | | | | 346,328 | | | | | | | | 334,610 | | | | | | Total average liabilities and equity | | $ | 2,601,937 | | | | | | | $ | 2,546,017 | | | | | | | $ | 2,657,740 | | | | | | Net interest income | | | | | $ | 25,560 | | ​ | | | | | $ | 23,728 | | ​ | | | | | $ | 23,409 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Interest rate spread (2) | | | | | | | | 3.39 | % | | | | | | | 3.22 | % | | | | | | | 2.76 | % Net interest margin (3) | | | | | | | | 4.11 | % | | | | | | | 3.95 | % | | | | | | | 3.68 | % Ratio of average interest earning assets to average interest bearing liabilities | | | | | | | | 149.75 | % | | | | | | | 151.02 | % | | | | | | | 150.85 | % Cost of deposits (4) | | | | | | | | 1.57 | % | | | | | | | 1.56 | % | | | | | | | 1.74 | % (1) | Loan average balances are net of deferred origination fees and costs. Nonaccrual loans are included in the average balances. Interest income on nonaccruing loans is reflected in the period that it is collected, to the extent it is not applied to principal. (2) | Interest rate spread is calculated as the average rate earned on interest earning assets minus the average rate paid on interest-bearing liabilities. (3) | Net interest margin is calculated as net interest income divided by total average interest earning assets. (4) | Annualized. (5) | Average balances are computed using average daily balances. Interest income on loans, including fees, increased $2.0 million, or 7.3%, to $30.3 million for the three months ended September 30, 2026, from $28.2 million for the prior quarter, primarily due to a $77.2 million increase in the average balance of loans and a 12 basis point increase in the average loan yield due to new loan originations at higher rates. Compared to the three months ended September 30, 2025, interest income on loans, including fees, increased $1.0 million, or 3.6%, primarily due to a $63.4 million increase in the average balance of loans and a two basis point increase in the average loan yield. Interest income on loans included $67,000 of amortization of net premiums on acquired loans for the three months ended September 30, 2026, compared to amortization of net premiums of $380,000 for the three months ended June 30, 2026, and $155,000 of accretion of the net discount for the three months ended September 30, 2025, which negatively impacted the average loan yield by eight basis points during the second quarter of 2026, with no significant impact during the third quarters of 2026 and 2025. Interest income also included $84,000 of fees related to prepayment penalties for the three months ended September 30, 2026, compared to $110,000 and $119,000 for the three months ended June 30, 2026 and September 30, 2025, respectively. Interest income on investment securities decreased $24,000, or 1.1%, to $2.2 million for the three months ended September 30, 2026, compared to $2.3 million for the three months ended June 30, 2026, and decreased $72,000, or 3.1%, from $2.3 million for the three months ended September 30, 2025. These decreases were primarily due to decreases of $10.1 million and $15.2 million in the average balance, respectively, partially offset by increases of 15 basis points and 22 basis points in the average yield, respectively, reflecting purchases of investment securities at higher rates. The Company received $400,000 in cash dividends on its FRB and FHLB stock for the three months ended September 30, 2026, including $142,000 in special dividends from the FHLB, compared to $135,000 for the three months ended June 30, 2026, and $398,000 for the three months ended September 30, 2025. Interest expense on deposits increased $400,000, or 4.8%, to $8.8 million for the three months ended September 30, 2026, compared to $8.4 million for the three months ended June 30, 2026, primarily due to an increase in average interest-bearing deposit balances, particularly money market accounts, while the average cost of total interest-bearing deposit accounts remained unchanged at 2.12%. Interest expense on deposits decreased $978,000, or 10.0%, compared to $9.8 million for the three months ended September 30, 2025, primarily due to lower average balances in time deposits and lower average rates paid on money market and time deposit accounts. The average cost of deposits (including non-interest bearing balances) increased one basis point to 1.57% for the third quarter of 2026, compared to 1.56% for the prior quarter, and decreased 17 basis points from 1.74% for the third quarter of 2025. Average noninterest-bearing deposits were $577.7 million for the third quarter of 2026, up $6.3 million from $571.4 million for the prior quarter, and down $39.8 million from $617.5 million for the third quarter of 2025. Provision for Credit Losses The Company recorded an $843,000 provision for credit losses for the third quarter of 2026, compared to a provision for credit losses of $5.2 million and $3.0 million for the second quarter of 2026 and the third quarter of 2025, respectively. The provision for credit losses in the current quarter primarily reflected changes in loan portfolio volume and updated historical loss rates, partially offset by modest improvements in forecasted national unemployment and gross domestic product relative to the prior quarter's forecasts and decreased specific reserves on certain individually evaluated loans. Noninterest Income Noninterest income for the third quarter of 2026 decreased $7.3 million to a loss of $5.8 million, compared to income of $1.5 million for the prior quarter of 2026, and decreased $8.1 million compared to income of $2.2 million for the third quarter of 2025. The decrease in noninterest income compared to the prior quarter of 2026 was primarily due to a $6.8 million loss on sale of available-for-sale investment securities, a $684,000 unfavorable swing on equity securities due to preferred equity sales and negative fair value adjustments to reflect declining market conditions, which went from a gain of $95,000 for three months ended June 30, 2026, to loss of $589,000 for the three months ended September 30, 2026, and an $84,000 decrease in service charges and other fees. These decreases were partially offset by increases of $152,000 in loan servicing fees and other fees, a $24,000 increase in gain on sale of loans, and a $118,000 decrease in loss on investment in a Small Business Investment Company ("SBIC") fund. The decrease in noninterest income compared to the same quarter of 2025 was primarily due to a $6.8 million loss on sale of available-for-sale investment securities, a $1.4 million unfavorable swing to a loss on preferred equity securities due to negative fair value adjustments to reflect declining market conditions, a $46,000 increase in loss on investment in SBIC fund and a $34,000 decrease in service charges and other fees, partially offset by a $113,000 increase in gain on sale of loans and a $102,000 increase in loan servicing fees and other fees. Noninterest Expense Noninterest expense for the third quarter of 2026 decreased $9.5 million, or 35.0%, to $17.7 million, compared to $27.2 million for the second quarter of 2026, and increased $1.7 million, or 10.7%, compared to $15.9 million for the third quarter of 2025. Salaries and employee benefits as compared to the prior quarter included increased bonus accrual related to loan growth and increased stock compensation expense related to performance stock awards, along with $192,000 of severance expense associated with staffing realignment actions taken during the quarter to improve operating efficiency. Results for the prior 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 decrease in salaries and employee benefits was partially offset by a $205,000 increase in other expense, a $92,000 increase in occupancy and equipment expense, and a $32,000 increase in data processing expense. Compared to the third quarter of 2025, the increase in noninterest expense was primarily due to a $1.1 million increase in salaries and employee benefits related to increased base wages, higher employee insurance claims, and increased stock compensation expense, as well as a $593,000 increase in other expense due to higher professional service and legal costs, partially offset by reduced deposit premium amortization, a $34,000 increase in occupancy and equipment expense, and a $33,000 increase in data processing expense. Income Taxes The Company recorded income tax expense of $104,000 for the third quarter of 2026, compared to income tax benefit of $223,000 for the second quarter of 2026, and income tax expense of $1.7 million for the third quarter of 2025. The effective tax rate for the third quarter of 2026 was 8.3%, compared to 3.1% for the prior quarter, and 25.7% for the third quarter of 2025. The decrease in the effective tax rate from the third quarter of 2025 reflected the tax benefit associated with the Company's decreased net income during the current quarter. Investment Securities As part of the securities repositioning, the Company sold $106.8 million of investment securities available-for-sale ("AFS") and subsequently purchased $109.3 million of AFS investment securities. The $106.8 million of securities sold had an average yield of approximately 3.79% and were sold at a pre-tax loss of $6.8 million. The repositioning improved the Company's earning-asset mix by facilitating the redeployment of sale proceeds into higher-yielding assets while enhancing balance sheet flexibility. As of September 30, 2026, we reinvested $109.3 million at a weighted average yield of 5.01%, which resulted in a 122 basis point yield increase on redeployed balances. As of September 30, 2026, AFS securities had aggregate unrealized net after-tax losses in AOCI of $6.3 million, down from $8.1 million at June 30, 2026, driven by the aforementioned sales, partially offset by market movements due to interest rate environment shift. Loans and Credit Quality | | | | | | | | | | | September 30, | | June 30, | | September 30, | | 2026 | | | 2026 | | | 2025 | | | (Dollars in thousands) Loans: | | | | | | | | | Commercial and industrial | | $ | 180,170 | | | $ | 156,003 | | | $ | 177,250 | Real estate: | | | | | | | | | Residential | | | 216,775 | | | | 169,719 | | | | 115,181 | Multifamily residential | | | 375,132 | | | | 345,008 | | | | 279,542 | Owner occupied CRE | | | 467,834 | | | | 478,478 | | | | 487,896 | Non-owner occupied CRE | | | 888,514 | | | | 901,277 | | | | 958,828 | Construction and land | | | 9,760 | | | | 10,143 | | | | 5,124 | Total real estate | | | 1,958,015 | | | | 1,904,625 | | | | 1,846,571 | Consumer | | | 911 | | | | 1,164 | | | | 749 | Purchased credit deterioration loans | | | 12,741 | | | | 12,912 | | | | 17,113 | Total Loans | | | 2,151,837 | | | | 2,074,704 | | | | 2,041,683 | Net deferred loan fees | | | 603 | | | | 525 | | | | 654 | Allowance for credit losses | | | (23,700 | ) | | | (22,950 | ) | | | (20,800 | ) Loans, net | | $ | 2,128,740 | | | $ | 2,052,279 | | | $ | 2,021,537 | Loans, net of deferred fees, totaled $2.2 billion at September 30, 2026, an increase of $77.2 million from $2.1 billion at June 30, 2026, and an increase of $110.1 million from $2.0 billion at September 30, 2025. The increase in loans from June 30, 2026 was primarily due to $146.2 million of new loan originations and $51.8 million of loan purchases, partially offset by $117.4 million of loan repayments. During the current quarter, the Company sold loans totaling $2.1 million, including a $1.0 million nonperforming loan. | | | | | | | | | | | | At and for the three months ended | | | September 30, | | June 30, | | September 30, | Asset Quality Data: | | 2026 | | 2026 | | 2025 | | | (Dollars in thousands) | | | | | | | | | Total accruing loans 30‑89 days past due | | $ | 12,362 | | $ | 2,207 | | $ | 2,382 | Total loans 90 days past due and still accruing | | $ | 623 | | $ | 677 | | $ | 395 | Nonaccrual loans | | $ | 10,530 | | $ | 9,104 | | $ | 13,477 | Nonperforming assets to total assets (1) | | | 0.42 | % | | 0.38 | % | | 0.53 | % Nonperforming loans to total loans (2) | | | 0.52 | % | | 0.47 | % | | 0.68 | % Allowance for credit losses on loans to nonperforming loans (2) | | | 212.49 | % | | 234.64 | % | | 149.94 | % Allowance for credit losses on loans to total loans | | | 1.10 | % | | 1.11 | % | | 1.02 | % Charge-offs, net | | $ | 13 | | $ | 2,847 | | $ | 833 | Net charge-offs to average loans (3) | | | 0.01 | % | | 0.56 | % | | 0.16 | % Classified assets (graded substandard and doubtful) | | $ | 31,666 | | $ | 35,600 | | $ | 54,076 | Portion of nonaccrual loans guaranteed by government agencies | | $ | 849 | | $ | 862 | | $ | 947 | (1) | Nonperforming assets consist of nonaccrual loans, accruing loans that are 90 days or more past due, and other real estate owned. (2) | Nonperforming loans consist of nonaccrual loans and accruing loans that are 90 days or more past due. (3) | Annualized Nonaccrual loans totaled $10.5 million, an increase of $1.4 million from the prior quarter-end, primarily reflecting one new nonaccrual commercial real estate loan totaling $3.3 million, partially offset by the payoff of four nonaccrual loans totaling $1.8 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. Accruing loans past due 30-89 days totaled $12.4 million, an increase of $10.1 million from June 30, 2026, primarily due to four commercial real estate loans totaling $10.5 million that became past due, including one $8.5 million commercial real estate loan secured by a hotel. As of September 30, 2026, there was one loan totaling $623,000 that was 90 days or more past due and still accruing because the loan was in the process of collection, compared to two such loans totaling $677,000 at June 30, 2026 and two such loans totaling $395,000 at September 30, 2025. At September 30, 2026, the Company's allowance for credit losses for loans was $23.7 million, or 1.10% of total loans, compared to $23.0 million, or 1.11% of total loans, at June 30, 2026 and $20.8 million, or 1.02% of total loans, at September 30, 2025. Net charge-offs totaled $13,000 for the third quarter of 2026, compared to $2.8 million in the prior quarter, and $833,000 in the third quarter of 2025. The increase in the allowance for credit losses on loans during the third quarter of 2026 was primarily driven by increases in loan portfolio volume, partially offset by modest improvements in forecast national unemployment and gross domestic product relative to the prior quarter's forecasts. In addition, there was a $294,000 decrease in the reserve for individually evaluated loans as compared to the prior quarter, due to one nonaccrual loan payoff. The assessment of qualitative risk factor for lending policies and procedures was revised to a neutral adjustment from minor risk level in response to improvement in the underlying metrics. Other qualitative risk factor classifications remained unchanged during the quarter. At September 30, 2026, acquired loans, net of discounts and premiums, totaled $37.0 million, with a remaining net premium of $127,000, compared to $40.8 million, with a net premium of $245,000, at June 30, 2026, and $134.4 million, with a net discount of $146,000, at September 30, 2025. The decrease in acquired loans, net of discounts and premiums, from September 30, 2025 was primarily due to migration of $58.9 million of acquired loans to the general loan pool during the second quarter of 2026, including a $330,000 net premium, as the portfolio continued to season. Most of these loans had not been renewed or re-underwritten during the third quarter of 2026. Deposits and Borrowings Deposits increased $122.3 million, or 5.6%, to $2.3 billion at September 30, 2026, compared to $2.2 billion at June 30, 2026, and increased $64.1 million, or 2.9%, compared to $2.2 billion at September 30, 2025. Noninterest-bearing deposits totaled $574.2 million, or 25.1% of total deposits, at September 30, 2026, compared to $576.5 million, or 26.6%, at June 30, 2026, and $618.1 million, or 27.7%, at September 30, 2025. The increase in deposits from the prior quarter-end was primarily due to organic growth and the decision to retain on the Company's balance sheet deposits previously placed with other participating banks through the IntraFi Network's Certificate of Deposit Account Registry Service ("CDARS") and Insured Cash Sweep ("ICS") money market programs. 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 September 30, 2026 and June 30, 2026, our average deposit account size (excluding public funds), calculated by dividing period-end deposits by the number of accounts with balances, was approximately $66,000 and $62,000, 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 no overnight advances outstanding at September 30, 2026, compared to $25.0 million at June 30, 2026 and none at September 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 and Capital Shareholders' equity totaled $334.8 million at September 30, 2026, compared to $335.4 million at June 30, 2026 and $334.3 million at September 30, 2025. The decrease from June 30, 2026 primarily reflected $3.3 million of accrued cash dividends, partially offset by net income of $1.1 million and $1.3 million of other comprehensive income, net of taxes, primarily related to changes in unrealized gains on available-for-sale securities. At September 30, 2026, the Company and the Bank exceeded all regulatory capital requirements under Basel III, and the Bank met the qualifications to be a ''well-capitalized'' financial institution, as summarized in the following table: | | | | | | | | September 30, | | | 2026 | | | BayCom | | Bank | | | | | | | Tier 1 leverage ratio | | | 11.87 | % | 11.24 | % Common equity tier 1 capital ratio | | | 13.91 | | 13.39 | Tier 1 capital ratio | | | 14.21 | | 13.39 | Total capital ratio | | | 15.33 | | 14.52 | Equity to total assets — end of period | | | 12.51 | | 12.11 | Tangible equity to tangible assets — end of period (1) | | | 11.17 | | 10.77 | (1) | Represents a non-GAAP financial measure. See "Non-GAAP Financial Measures". At September 30, 2026, 202,444 shares remained available for repurchase under the Company's current stock repurchase program. On August 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 October 8, 2026 to shareholders of record as of September 10, 2026. 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 "may," "believe," "will likely result," "are expected to," "will continue," "is anticipated," "anticipate," "expect," "estimate," "project," "plan," "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 strategic plan under its new executive leadership team and retain key employees and clients; adverse economic conditions in the Company's local market areas or 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 policy 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 results 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. BAYCOM CORPCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)(Dollars in thousands, except per share data) | | | | | | | | | | | | | | | | | Three months ended | | Nine months ended | | September 30, | | June 30, | | September 30, | | September 30, | | September 30, | | 2026 | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | | | | | | | | | | | Interest income | | | | | | | | | | | | | | | Loans, including fees | | $ | 30,259 | | | $ | 28,213 | | | $ | 29,220 | | | $ | 88,050 | | | $ | 84,331 | Investment securities | | | 2,243 | | | | 2,267 | | | | 2,315 | | | | 6,642 | | | | 7,175 | Fed funds sold and interest-bearing balances in banks | | | 1,576 | | | | 1,634 | | | | 3,017 | | | | 5,346 | | | | 8,359 | FHLB dividends | | | 284 | | | | 23 | | | | 253 | | | | 891 | | | | 750 | FRB dividends | | | 116 | | | | 112 | | | | 145 | | | | 348 | | | | 434 | Total interest and dividend income | | | 34,478 | | | | 32,249 | | | | 34,950 | | | | 101,277 | | | | 101,049 | Interest expense | | | | | | | | | | | | | | | Deposits | | | 8,799 | | | | 8,399 | | | | 9,777 | | | | 26,162 | | | | 27,669 | Subordinated debt | | | — | | | | — | | | | 1,571 | | | | — | | | | 3,354 | Junior subordinated debt | | | 119 | | | | 119 | | | | 193 | | | | 628 | | | | 577 | Other borrowings | | | — | | | | 3 | | | | — | | | | 3 | | | | — | Total interest expense | | | 8,918 | | | | 8,521 | | | | 11,541 | | | | 26,793 | | | | 31,600 | Net interest income | | | 25,560 | | | | 23,728 | | | | 23,409 | | | | 74,484 | | | | 69,449 | Provision for credit losses | | | 843 | | | | 5,241 | | | | 2,973 | | | | 5,414 | | | | 3,818 | Net interest income after provision for credit losses | | | 24,717 | | | | 18,487 | | | | 20,436 | | | | 69,070 | | | | 65,631 | Noninterest (loss) income | | | | | | | | | | | | | | | Gain on sale of loans | | | 113 | | | | 89 | | | | — | | | | 325 | | | | 251 | (Loss) gain on equity securities | | | (589 | ) | | | 95 | | | | 771 | | | | (436 | ) | | | 523 | Loss on sale of AFS securities | | | (6,832 | ) | | | — | | | | — | | | | (6,832 | ) | | | — | Service charges and other fees | | | 791 | | | | 875 | | | | 825 | | | | 2,407 | | | | 2,683 | Loan servicing fees and other fees | | | 505 | | | | 353 | | | | 403 | | | | 1,145 | | | | 1,308 | Loss on investment in SBIC fund | | | (75 | ) | | | (193 | ) | | | (29 | ) | | | (183 | ) | | | (365 | ) Other income and fees | | | 279 | | | | 267 | | | | 278 | | | | 797 | | | | 801 | Total noninterest (loss) income | | | (5,808 | ) | | | 1,486 | | | | 2,248 | | | | (2,777 | ) | | | 5,201 | Noninterest expense | | | | | | | | | | | | | | | Salaries and employee benefits | | | 11,222 | | | | 21,049 | | | | 10,168 | | | | 43,120 | | | | 29,831 | Occupancy and equipment | | | 2,177 | | | | 2,085 | | | | 2,143 | | | | 6,389 | | | | 6,462 | Data processing | | | 2,071 | | | | 2,039 | | | | 2,038 | | | | 6,148 | | | | 5,804 | Other expense | | | 2,190 | | | | 1,985 | | | | 1,597 | | | | 5,667 | | | | 5,592 | Total noninterest expense | | | 17,660 | | | | 27,158 | | | | 15,946 | | | | 61,324 | | | | 47,689 | Income (loss) before provision for income taxes (benefits) expense | | | 1,249 | | | | (7,185 | ) | | | 6,738 | | | | 4,969 | | | | 23,143 | Provision for income taxes (benefits) expense | | | 104 | | | | (223 | ) | | | 1,731 | | | | 2,606 | | | | 6,070 | Net income (loss) | | $ | 1,145 | | | $ | (6,962 | ) | | $ | 5,007 | | | $ | 2,363 | | | $ | 17,073 | | | | | | | | | | | | | | | | Net income (loss) per common share: | | | | | | | | | | | | | | | Basic | | $ | 0.10 | | | $ | (0.64 | ) | | $ | 0.46 | | | $ | 0.22 | | | $ | 1.55 | Diluted | | | 0.10 | | | | (0.64 | ) | | | 0.46 | | | | 0.22 | | | | 1.55 | | | | | | | | | | | | | | | | Weighted average shares used to compute net income per common share: | | | | | | | | | | | | | | | Basic | | | 10,920,117 | | | | 10,909,317 | | | | 10,929,779 | | | | 10,912,877 | | | | 11,022,179 | Diluted | | | 10,920,117 | | | | 10,909,317 | | | | 10,929,779 | | | | 10,912,877 | | | | 11,022,179 | | | | | | | | | | | | | | | | Comprehensive income (loss) | | | | | | | | | | | | | | | Net income (loss) | | $ | 1,145 | | | $ | (6,962 | ) | | $ | 5,007 | | | $ | 2,363 | | | $ | 17,073 | Other comprehensive income (loss): | | | | | | | | | | | | | | | Change in unrealized gain on available-for-sale securities | | | 1,786 | | | | 653 | | | | 3,296 | | | | 2,758 | | | | 7,328 | Deferred income tax (expense) benefit | | | (498 | ) | | | (182 | ) | | | (1,136 | ) | | | (659 | ) | | | (2,284 | ) Other comprehensive income, net of tax | | | 1,288 | | | | 471 | | | | 2,160 | | | | 2,099 | | | | 5,044 | Comprehensive income (loss) | | $ | 2,433 | | | $ | (6,491 | ) | | $ | 7,167 | | | $ | 4,462 | | | $ | 22,117 | BAYCOM CORPCONSOLIDATED STATEMENTS OF CONDITION (UNAUDITED)(Dollars in thousands) | | | | | | | | | | | | September 30, | | June 30, | | September 30, | | | 2026 | | 2026 | | 2025 | | | | | | | | | | | Assets | | | | | | | | | | Cash and due from banks | | $ | 22,552 | | | $ | 21,758 | | | $ | 21,731 | Federal funds sold and interest-bearing balances in banks | | | 195,924 | | | | 155,624 | | | | 206,715 | Cash and cash equivalents | | | 218,476 | | | | 177,382 | | | | 228,446 | Investment securities available-for-sale ("AFS"), at fair value, net of allowance for credit losses of $0 at September 30, 2026, June 30, 2026 and September 30, 2025 | | | 171,735 | | | | 182,710 | | | | 187,774 | Equity securities, at fair value | | | 2,664 | | | | 11,707 | | | | 13,307 | Federal Home Loan Bank ("FHLB") stock, at par | | | 12,046 | | | | 12,046 | | | | 11,524 | Federal Reserve Bank ("FRB") stock, at par | | | 7,767 | | | | 7,733 | | | | 9,657 | Loans held for sale | | | 2,433 | | | | — | | | | 421 | Loans, net of deferred fees | | | 2,152,440 | | | | 2,075,229 | | | | 2,042,337 | Allowance for credit losses for loans | | | (23,700 | ) | | | (22,950 | ) | | | (20,800 | ) Premises and equipment, net | | | 13,070 | | | | 13,132 | | | | 13,577 | Core deposit intangible | | | 1,404 | | | | 1,518 | | | | 1,945 | Cash surrender value of bank owned life insurance policies, net | | | 24,948 | | | | 24,746 | | | | 24,162 | Right-of-use assets | | | 13,895 | | | | 14,730 | | | | 13,476 | Goodwill | | | 38,838 | | | | 38,838 | | | | 38,838 | Interest receivable and other assets | | | 40,375 | | | | 43,260 | | | | 39,123 | Total Assets | | $ | 2,676,391 | | | $ | 2,580,081 | | | $ | 2,603,787 | | | | | | | | | | | Liabilities and Shareholders' Equity | | | | | | | | | | Noninterest-bearing deposits | | $ | 574,208 | | | $ | 576,535 | | | $ | 618,055 | Interest-bearing deposits | | | | | | | | | | Transaction accounts and savings | | | 723,717 | | | | 722,350 | | | | 643,908 | Premium money market | | | 472,658 | | | | 410,099 | | | | 398,876 | Time deposits | | | 521,604 | | | | 460,934 | | | | 567,213 | Total deposits | | | 2,292,187 | | | | 2,169,918 | | | | 2,228,052 | Other borrowings | | | — | | | | 25,000 | | | | — | Junior subordinated deferrable interest debentures, net | | | 5,903 | | | | 5,888 | | | | 8,706 | Subordinated debt, net | | | — | | | | — | | | | — | Salary continuation plans | | | 5,242 | | | | 5,235 | | | | 4,991 | Lease liabilities | | | 14,861 | | | | 15,692 | | | | 14,494 | Interest payable and other liabilities | | | 23,379 | | | | 22,958 | | | | 13,275 | Total Liabilities | | | 2,341,572 | | | | 2,244,691 | | | | 2,269,518 | | | | | | | | | | | Shareholders' Equity | | | | | | | | | | Common stock, no par value | | | 167,912 | | | | 167,639 | | | | 166,920 | Accumulated other comprehensive loss, net of tax | | | (4,535 | ) | | | (5,823 | ) | | | (7,962 | ) Retained earnings | | | 171,442 | | | | 173,574 | | | | 175,311 | Total Shareholders' Equity | | | 334,819 | | | | 335,390 | | | | 334,269 | Total Liabilities and Shareholders' Equity | | $ | 2,676,391 | | | $ | 2,580,081 | | | $ | 2,603,787 | BAYCOM CORPFINANCIAL HIGHLIGHTS (UNAUDITED)(Dollars in thousands, except per share data) | | | | | | | | | | | | | | | | | | At and for the three months ended | | At and for the nine months ended | | | September 30, | | June 30, | | September 30, | | September 30, | | September 30, | Selected Financial Ratios and Other Data: | | 2026 | | 2026 | | | 2025 | | 2026 | | 2025 | | | | | | | | | | | | | | Performance Ratios: | | | | | | | | | | | | | | | | Return on average assets (1) | | | 0.18 | % | | (1.09 | ) | % | | 0.75 | % | | 0.12 | % | | 0.86 | % Return on average equity (1) | | | 1.36 | | | (8.04 | ) | | | 5.99 | | | 0.92 | | | 6.80 | Return on average tangible common equity (1) (3) | | | 1.54 | | | (9.10 | ) | | | 6.82 | | | 1.04 | | | 7.84 | Yield earned on average interest-earning assets (1) | | | 5.54 | | | 5.36 | | | | 5.49 | | | 5.51 | | | 5.47 | Rate paid on average interest-bearing liabilities (1) | | | 2.15 | | | 2.14 | | | | 2.73 | | | 2.19 | | | 2.59 | Interest rate spread - average during the period (1) | | | 3.39 | | | 3.22 | | | | 2.76 | | | 3.32 | | | 2.88 | Net interest margin (1) | | | 4.11 | | | 3.95 | | | | 3.68 | | | 4.06 | | | 3.76 | Cost of deposits (1) | | | 1.57 | | | 1.56 | | | | 1.74 | | | 1.59 | | | 1.70 | Loan to deposit ratio | | | 93.90 | | | 95.64 | | | | 91.66 | | | 93.90 | | | 91.66 | Efficiency ratio (2) | | | 89.41 | | | 107.71 | | | | 62.15 | | | 85.52 | | | 63.88 | | | | | | | | | | | | | | | | | Per Share Data: | | | | | | | | | | | | | | | | Shares outstanding at end of period | | | 10,920,117 | | | 10,909,317 | | | | 10,916,792 | | | 10,920,117 | | | 10,916,792 | Average diluted shares outstanding | | | 10,920,117 | | | 10,909,317 | | | | 10,929,779 | | | 10,912,877 | | | 11,022,179 | Diluted earnings (loss) per share | | $ | 0.10 | | $ | (0.64 | ) | | $ | 0.46 | | $ | 0.22 | | $ | 1.55 | Book value per share | | | 30.66 | | | 30.74 | | | | 30.62 | | | 30.66 | | | 30.62 | Tangible book value per share (3) | | | 26.98 | | | 27.04 | | | | 26.88 | | | 26.98 | | | 26.88 | | | | | | | | | | | | | | | | | Capital Ratios: | | | | | | | | | | | | | | | | Tier 1 leverage ratio — Bank (4) | | | 11.24 | % | | 11.66 | | % | | 10.88 | % | | | | | | Common equity tier 1 capital ratio — Bank (4) | | | 13.39 | % | | 13.76 | | % | | 13.54 | % | | | | | | Tier 1 capital ratio — Bank (4) | | | 13.39 | % | | 13.76 | | % | | 13.54 | % | | | | | | Total capital ratio — Bank (4) | | | 14.52 | % | | 14.87 | | % | | 14.56 | % | | | | | | Equity to total assets — end of period | | | 12.51 | % | | 13.00 | | % | | 12.84 | % | | | | | | Tangible equity to tangible assets — end of period (3) | | | 11.17 | % | | 11.62 | | % | | 11.45 | % | | | | | | | | | | | | | | | | | | | | | | Other Data: | | | | | | | | | | | | | | | | Number of full-service offices | | | 34 | | | 34 | | | | 34 | | | | | | | Number of full-time equivalent employees | | | 323 | | | 329 | | | | 334 | | | | | | | (1) | | Annualized. (2) | | Total noninterest expense as a percentage of net interest income and total noninterest income. (3) | | Represents a non-GAAP financial measure. See "Non-GAAP Financial Measures" below. (4) | | Regulatory capital ratios are for United Business Bank only. Non-GAAP Financial Measures: In addition to results presented in accordance with generally accepted accounting principles 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 to tangible assets is calculated by dividing tangible common shareholders' equity by tangible assets. 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 its bank regulatory agencies, which exclude 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, and the return generated on that capital, over time and 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. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures is included below: | | | | | | | | | | | | Non-GAAP Measures | | (Dollars in thousands, except per share data) | | | | | | | | | | | | September 30, | | June 30, | | September 30, | | | 2026 | | 2026 | | | 2025 | | | | | | | | | | Tangible Book Value: | | Total equity and common shareholders' equity (GAAP) | | $ | 334,819 | | $ | 335,390 | | | $ | 334,269 | less: Goodwill and other intangibles | | | 40,242 | | | 40,356 | | | | 40,783 | Tangible equity and common shareholders' equity (Non-GAAP) | | $ | 294,577 | | $ | 295,034 | | | $ | 293,486 | | | | | | | | | | | Total assets (GAAP) | | $ | 2,676,391 | | $ | 2,580,081 | | | $ | 2,603,787 | less: Goodwill and other intangibles | | | 40,242 | | | 40,356 | | | | 40,783 | Total tangible assets (Non-GAAP) | | $ | 2,636,149 | | $ | 2,539,725 | | | $ | 2,563,004 | | | | | | | | | | | Equity to total assets (GAAP) | | | 12.51 | % | | 13.00 | | % | | 12.84 | % Tangible equity to tangible assets (Non-GAAP) | | | 11.17 | % | | 11.62 | | % | | 11.45 | % Return on average equity (GAAP) | | | 1.36 | % | | (8.04 | ) | % | | 5.99 | % Return on average tangible common equity (Non-GAAP) | | | 1.54 | % | | (9.10 | ) | % | | 6.82 | % Book value per share (GAAP) | | $ | 30.66 | | $ | 30.74 | | | $ | 30.62 | Tangible book value per share (Non-GAAP) | | $ | 26.98 | | $ | 27.04 | | | $ | 26.88 | View source version on businesswire.com: https://www.businesswire.com/news/home/20261022901832/en/ Contacts BayCom Corp Kevin L. Thompson, 925-476-4019 [email protected]

The market expects Preferred Bank (PFBC) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 23, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This independent commercial bank is expected to post quarterly earnings of $2.69 per share in its upcoming report, which represents a year-over-year change of -5.3%. Revenues are expected to be $73.01 million, down 2.6% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 3.25% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Preferred Bank, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.31%. On the other hand, the stock currently carries a Zacks Rank of #2. So, this combination indicates that Preferred Bank will most likely beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Preferred Bank would post earnings of $2.65 per share when it actually produced earnings of $2.78, delivering a surprise of +4.91%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Preferred Bank appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Bay Commercial Bank (BCML), another stock in the Zacks Banks - West industry, is expected to report earnings per share of $0.59 for the quarter ended September 2026. This estimate points to a year-over-year change of +28.3%. Revenues for the quarter are expected to be $25.96 million, up 1.2% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Bay Commercial Bank has been revised 5.5% up to the current level. Nevertheless, the company now has an Earnings ESP of -2.56%, reflecting a lower Most Accurate Estimate. When combined with a Zacks Rank of #2 (Buy), this Earnings ESP makes it difficult to conclusively predict that Bay Commercial Bank will beat the consensus EPS estimate. Over the last four quarters, the company surpassed EPS estimates just once. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 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 Preferred Bank (PFBC) : 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

Wall Street expects a year-over-year increase in earnings on higher revenues when Bay Commercial Bank (BCML) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This company is expected to post quarterly earnings of $0.55 per share in its upcoming report, which represents a year-over-year change of +19.6%. Revenues are expected to be $26.16 million, up 2% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 5.45% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Bay Commercial Bank, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +3.64%. On the other hand, the stock currently carries a Zacks Rank of #2. So, this combination indicates that Bay Commercial Bank will most likely beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Bay Commercial Bank would post earnings of $0.64 per share when it actually produced earnings of $0.32, delivering a surprise of -50.00%. Over the last four quarters, the company has beaten consensus EPS estimates just once. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Bay Commercial Bank appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. CVB Financial (CVBF), another stock in the Zacks Banks - West industry, is expected to report earnings per share of $0.45 for the quarter ended September 2026. This estimate points to a year-over-year change of +18.4%. Revenues for the quarter are expected to be $193.44 million, up 50.4% from the year-ago quarter. The consensus EPS estimate for CVB Financial has been revised 0.7% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -2.22%. This Earnings ESP, combined with its Zacks Rank #2 (Buy), makes it difficult to conclusively predict that CVB Financial will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 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 CVB Financial Corporation (CVBF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

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