BayCom Corp Reports Slight Increase in Net Income to $23.9 Million for Fiscal Year 2025

BayCom Corp, the parent company of United Business Bank, reported a slight increase in net income for the fiscal year ending December 31, 2025, reaching $23.9 million, up from $23.6 million in 2024. This growth was primarily driven by a $3.3 million increase in net interest income, which rose to $94.5 million, alongside a decrease in noninterest expenses by $278,000. However, the provision for credit losses increased by $2.8 million to $4.1 million, reflecting the bank's proactive approach to managing credit risk amid loan growth. The diluted earnings per share also saw an increase, rising to $2.18 from $2.10 in the previous year.

In terms of operational metrics, BayCom's total assets decreased by 2.7% to $2.6 billion, primarily due to a significant reduction in cash and cash equivalents, which fell by 43.3% to $206.5 million. Conversely, the bank's loan portfolio grew by 5.7% to $2.0 billion, with commercial real estate loans making up a substantial portion of this increase. The bank's nonperforming loans also rose to $13.4 million, representing 0.65% of total loans, compared to $9.2 million, or 0.48%, in the prior year, indicating a need for continued vigilance in credit quality management.

Strategically, BayCom has focused on expanding its geographic footprint and enhancing its service offerings. In August 2023, the bank opened a new branch in Las Vegas, Nevada, as part of its ongoing efforts to penetrate new markets. The company has completed ten acquisitions since 2010, which have contributed to its growth and operational efficiencies. As of December 31, 2025, the bank operated 34 full-service branches across five states, including California, Colorado, New Mexico, Nevada, and Washington.

The bank's deposit base slightly decreased by 0.9% to $2.2 billion, with noninterest-bearing deposits comprising 26.1% of total deposits. The company has also been actively managing its capital structure, redeeming all outstanding subordinated debt in September 2025, which has improved its leverage ratios. As of the end of 2025, BayCom maintained a well-capitalized status under regulatory guidelines, with a common equity tier 1 capital ratio of 14.32%, significantly above the minimum requirement.

Looking ahead, BayCom Corp aims to continue its growth trajectory through both organic expansion and strategic acquisitions, while maintaining a strong focus on asset quality and risk management. The company anticipates that its diversified geographic presence and commitment to community banking will provide a stable foundation for future profitability, despite potential economic headwinds.