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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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 100.89 | 104.45 | 97.14 | 101.36 |
| Pretax Income | 32.44 | 38.16 | 32.12 | 32.62 |
| Tax Provision | 8.71 | 10.73 | 8.51 | 8.69 |
| Net Income | 23.73 | 27.43 | 23.61 | 23.93 |
| Net Income Common Stockholders | 23.73 | 27.43 | 23.61 | 23.93 |
| Interest Expense | 10.35 | 28.46 | 40.57 | 40.94 |
| Interest Income | 105.83 | 124.90 | 130.12 | 133.82 |
| Selling General And Administration | 42.75 | 43.59 | 41.45 | 42.77 |
| Normalized Income | 22.51 | 27.43 | 23.61 | 23.93 |
| Basic EPS | 2.06 | 2.27 | 2.10 | 2.18 |
| Diluted EPS | 2.06 | 2.27 | 2.10 | 2.18 |
| Tax Effect Of Unusual Items | 0.45 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.27 | 0.28 | 0.27 | 0.27 |
| Total Unusual Items | 1.67 | 0 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | 1.67 | 0 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 23.73 | 27.43 | 23.61 | 23.93 |
| Reconciled Depreciation | 4.02 | 2.96 | 3.27 | 2.99 |
| Net Interest Income | 95.48 | 96.44 | 89.55 | 92.89 |
| Net Income From Continuing And Discontinued Operation | 23.73 | 27.43 | 23.61 | 23.93 |
| Diluted Average Shares | 13.12 | 12.07 | 11.26 | 10.99 |
| Basic Average Shares | 13.12 | 12.07 | 11.26 | 10.99 |
| Diluted NI Availto Com Stockholders | 23.73 | 27.43 | 23.61 | 23.93 |
| Net Income Including Noncontrolling Interests | 23.73 | 27.43 | 23.61 | 23.93 |
| Net Income Continuous Operations | 23.73 | 27.43 | 23.61 | 23.93 |
| Special Income Charges | 1.67 | 0 | 0 | 0 |
| Other Special Charges | 0 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | -1.67 | 0 | 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 |
| Amortization | 2.04 | 1.29 | 1.22 | 0.95 |
| Amortization Of Intangibles Income Statement | 2.04 | 1.29 | 1.22 | 0.95 |
| Selling And Marketing Expense | 0.95 | 0.90 | 0.79 | 0.82 |
| General And Administrative Expense | 41.80 | 42.69 | 40.66 | 41.94 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 0.95 | 1.36 | 1.44 | 1.45 |
| Salaries And Wages | 40.85 | 41.33 | 39.23 | 40.49 |
| Operating Revenue | 100.89 | 104.45 | 97.14 | 101.36 |
| Occupancy And Equipment | 8.38 | 8.16 | 8.68 | 8.59 |
| Professional Expense And Contract Services Expense | 2.77 | 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 | $320M | 12.13↑ premium | 0.92 | 7.1% | - |
| Waterstone Financial, Inc. | WSBF | $325M | 10.86 | 0.90 | 7.6% | - |
| Value Line, Inc. | VALU | $324M | 14.76 | 3.01 | 20.8% | 40.33 |
| Avidbank Holdings, Inc. | AVBH | $323M | - | 1.12 | -7.0% | - |
| Chemung Financial Corporation | CHMG | $322M | 17.63 |
| 1.23 |
| 5.9% |
| - |
| LINKBANCORP, Inc. | LNKB | $322M | 9.54 | 1.05 | 10.9% | - |
| The First Bancorp, Inc. | FNLC | $320M | 8.77 | 1.13 | 12.1% | - |
| Timberland Bancorp, Inc. | TSBK | $320M | 10.54 | 1.19 | 11.1% | - |
| Norwood Financial Corp. | NWFL | $317M | 10.68 | 1.11 | 11.5% | - |
| Peer Median | - | 10.68 | 1.12 | 11.0% | 40.33 | |