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Stock impact report

BayCom Corp Reports 2025 First Quarter Earnings of $5.7 Million

BayCom Corp (BCML) 
Company Research Source: Business Wire
WALNUT CREEK, Calif.--(BUSINESS WIRE)--BayCom Corp (“BayCom” or the “Company”) (NASDAQ: BCML), the holding company for United Business Bank (the “Bank” or “UBB”), announced earnings of $5.7 million, or $0.51 per diluted common share, for the first quarter of 2025, compared to earnings of $6.1 million, or $0.55 per diluted common share, for the fourth quarter of 2024 and $5.9 million, or $0.51 per diluted common share, for the first quarter of 2024.Net income for the first quarter of 2025 compared to the fourth quarter of 2024 decreased $418,000, or 6.8%, primarily as a result of a $1.0 million increase in provision for credit losses, a $694,000 decrease in net interest income, a $19,000 increase in provision for income taxes and a $13,000 increase in noninterest expense, partially offset by a $1.4 million increase in noninterest income. Net income for the first quarter of 2025 compared to the first quarter of 2024 decreased $175,000, or 3.0%, primarily as a result of a $622,000 de Show less Read more
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