BayCom turns to Q2 FY26 net loss of $7 million; net interest income drops 5.8% vs Q1 to $23.7 million

Reuters2026/07/23 20:01

By:Reuters

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BayCom posted a net loss of $7 million, or $(0.64) per diluted share, swinging from net income of $8.2 million, or $0.75, in Q1 2026.
Net interest income slipped 5.8% to $23.7 million from Q1, while net interest margin narrowed 16 basis points to 3.95%.
Noninterest expense jumped 64.5% to $27.2 million, including $10.5 million tied to severance and benefits for three departing senior executives.
Provision for credit losses rose to $5.2 million from a $670,000 reversal in Q1, with net charge-offs of $2.8 million.
Total loans grew 3.2% to $2.1 billion, while deposits fell 4.2% to $2.2 billion; cost of deposits eased 7 basis points to 1.56%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BayCom Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260723751238) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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BayCom turns to Q2 FY26 net loss of $7 million; net interest income drops 5.8% vs Q1 to $23.7 million

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