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BayCom Corp operates as the bank holding company for United Business Bank that provides various financial services to small and mid-sized businesses, service professionals, and individuals. The company provides demand, savings, money market, and time deposit accounts. It also offers commercial and multifamily real estate loans, including owner-occupied and investor real estate loans; commercial and industrial loans, such as equipment loans and working capital lines of credit; small business administration loans; construction and land loans; agriculture-related loans; and consumer loans comprising installment loans, unsecured and secured personal lines of credit, and overdraft protection. In addition, the company provides online and mobile banking, automated teller machine, remote deposit capture, night depository, courier, and direct deposit services; treasury management services that includes balance reporting, transfers between accounts, wire transfer initiation, automated clearing house (ACH) origination, and stop payments; debit cards; cashier's and travelers checks; letters of credit; and lockbox, positive pay, reverse positive pay, and account reconciliation services, as well as zero balance accounts and sweep accounts, including loan sweep. It operates through a network of full-service banking branches in Northern and Southern California; Las Vegas, Nevada; Denver, Colorado; Custer, Delta, and Grand counties, Colorado; and Seattle, Washington and Central New Mexico. The company was formerly known as Bay Commercial Bank and changed its name to BayCom Corp in January 2017. BayCom Corp was incorporated in 2004 and is headquartered in Walnut Creek, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $101M | - | $24M | $30M | 7.1% | 4.4% | 1.3% |
| 2024 | $97M | - | $24M | $29M | 7.3% | -7.0% | -13.9% |
| 2023 | $104M | - | $27M | $29M | 8.8% | 3.5% | 15.6% |
| 2022 | $101M | - | $24M | $39M | 7.5% | - | - |
| 2021 | - | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 100.90 | 104.45 | 97.14 | 101.36 |
| Operating Revenue | - | 100.90 | 104.45 | 97.14 | 101.36 |
| Selling General And Administration | - | 42.75 | 43.59 | 41.45 | 42.76 |
| Interest Income | - | 105.83 | 124.90 | 130.12 | 133.82 |
| Interest Expense | - | 10.35 | 28.46 | 40.57 | 40.94 |
| Net Interest Income | - | 95.48 | 96.44 | 89.55 | 92.89 |
| Pretax Income | - | 32.44 | 38.16 | 32.12 | 32.62 |
| Tax Provision | - | 8.71 | 10.73 | 8.51 | 8.69 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.45 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 23.73 | 27.42 | 23.61 | 23.93 |
| Net Income From Continuing And Discontinued Operation | - | 23.73 | 27.42 | 23.61 | 23.93 |
| Net Income From Continuing Operation Net Minority Interest | - | 23.73 | 27.42 | 23.61 | 23.93 |
| Net Income | - | 23.73 | 27.42 | 23.61 | 23.93 |
| Net Income Common Stockholders | - | 23.73 | 27.42 | 23.61 | 23.93 |
| Net Income Including Noncontrolling Interests | - | 23.73 | 27.42 | 23.61 | 23.93 |
| Normalized Income | - | 22.51 | 27.42 | 23.61 | 23.93 |
| Diluted NI Availto Com Stockholders | - | 23.73 | 27.42 | 23.61 | 23.93 |
| Basic Average Shares | - | 13.12 | 12.07 | 11.26 | 10.99 |
| Diluted Average Shares | - | 13.12 | 12.07 | 11.26 | 10.99 |
| Reconciled Depreciation | - | 4.02 | 2.96 | 3.27 | 2.99 |
| Total Unusual Items | 0 | 1.66 | 0 | 0 | - |
| Total Unusual Items Excluding Goodwill | 0 | 1.66 | 0 | 0 | - |
| Special Income Charges | 0 | 1.66 | 0 | 0 | - |
| Other Special Charges | -0.01 | - | - | - | - |
| Restructuring And Mergern Acquisition | 0 | -1.66 | 0 | 0 | - |
| Gain On Sale Of Security | - | -4.64 | -0.04 | -0.04 | -0.51 |
| Depreciation Amortization Depletion Income Statement | - | 2.04 | 1.29 | 1.22 | 0.95 |
| Depreciation And Amortization In Income Statement | - | 2.04 | 1.29 | 1.22 | 0.95 |
| General And Administrative Expense | - | 41.80 | 42.69 | 40.66 | 41.94 |
| Other Gand A | 1.81 | - | - | - | - |
| Salaries And Wages | - | 40.85 | 41.33 | 39.22 | 40.49 |
| Insurance And Claims | - | 0.95 | 1.36 | 1.44 | 1.45 |
| Selling And Marketing Expense | - | 0.96 | 0.90 | 0.78 | 0.82 |
| Amortization | - | 2.04 | 1.29 | 1.22 | 0.95 |
| Amortization Of Intangibles Income Statement | - | 2.04 | 1.29 | 1.22 | 0.95 |
| Occupancy And Equipment | - | 8.38 | 8.16 | 8.68 | 8.59 |
| Professional Expense And Contract Services Expense | - | 2.78 | 2.05 | 2.44 | 2 |
| Other Non Interest Expense | - | 9.73 | 9.19 | 9.97 | 10.37 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| BayCom Corpthis co. | BCML | $342M | 14.31↑ premium | 1.01 | 7.1% | - |
| PCB Bancorp | PCB | $353M | 9.44 | 1.10 | 11.7% | - |
| MVB Financial Corp. | MVBF | $347M | 12.90 | 1.04 | 8.1% | - |
| Northeast Community Bancorp, Inc. | NECB | $340M | 7.65 | 0.97 | 12.6% | - |
| USCB Financial Holdings, Inc. | USCB | $340M | 13.01 |
| - |
| - |
| - |
| 1.56 |
| 12.0% |
| - |
| Avidbank Holdings, Inc. | AVBH | $338M | -17.30 | 1.20 | -7.0% | - |
| Chemung Financial Corporation | CHMG | $336M | 22.26 | 1.32 | 5.9% | - |
| Waterstone Financial, Inc. | WSBF | $336M | 12.72 | 0.96 | 7.6% | - |
| Regional Management Corp. | RM | $331M | 7.45 | 0.89 | 11.9% | - |
| Peer Median | - | 11.08 | 1.07 | 9.9% | - | |