NASDAQ:BCML | Jotup

BayCom Corp Announces Cash Dividend and Adoption of New Stock Repurchase Program

Retrieved on:

Vendredi, mai 24, 2024

Banking, Professional Services, Finance, Share repurchase

BayCom Corp (NASDAQ: BCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors (the “Board”) declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock.

Key Points:

BayCom Corp (NASDAQ: BCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors (the “Board”) declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock.
The cash dividend is payable on July 11, 2024, to shareholders of record as of the close of business on June 13, 2024.
The new stock repurchase program will commence upon completion of the Company’s eighth stock repurchase program, which will expire on April 21, 2025, or earlier if all the shares have been repurchased.
As of the date hereof, 12,627 shares remain available for future repurchases under the Company’s eighth stock repurchase program.

BayCom Corp Reports 2024 First Quarter Earnings of $5.9 Million

Retrieved on:

Jeudi, avril 18, 2024

Net interest income decreased $1.1 million, or 4.8%, to $22.4 million for the first quarter of 2024 from $23.5 million in the prior quarter, and decreased $2.9 million, or 11.3%, from $25.3 million in the same quarter a year ago.

Key Points:

Net interest income decreased $1.1 million, or 4.8%, to $22.4 million for the first quarter of 2024 from $23.5 million in the prior quarter, and decreased $2.9 million, or 11.3%, from $25.3 million in the same quarter a year ago.
Average interest-earning assets decreased $1.4 million, or 0.1%, and increased $18.1 million, or 0.71%, for the first quarter of 2024 compared to the fourth quarter of 2023 and the first quarter of 2023, respectively.
At March 31, 2024, there were $2.9 million in PPP loans outstanding compared to $3.8 million at December 31, 2023, and $5.9 million at March 31, 2023.
Shareholders’ equity totaled $314.2 million at March 31, 2024, compared to $312.9 million at December 31, 2023, and $313.5 million at March 31, 2023.

BayCom Corp Adjusts the Record Date for Its Recently Announced Quarterly Dividend

Retrieved on:

Mercredi, mars 6, 2024

Banking, Professional Services, Finance

BayCom Corp (NASDAQ: BCML) (“BayCom” or the “Company”), the parent company of United Business Bank, announced today that, due to regulatory and statutory requirements of the NASDAQ Global Select Market, the record date for the recently announced $0.10 per share quarterly cash dividend on BayCom common stock has been adjusted to now occur on March 16, 2024.

Key Points:

BayCom Corp (NASDAQ: BCML) (“BayCom” or the “Company”), the parent company of United Business Bank, announced today that, due to regulatory and statutory requirements of the NASDAQ Global Select Market, the record date for the recently announced $0.10 per share quarterly cash dividend on BayCom common stock has been adjusted to now occur on March 16, 2024.
The payable date for the dividend was not adjusted and will be payable on April 12, 2024.
Please refer to BayCom’s press release dated February 22, 2024 for additional information on the dividend.

BayCom Corp Announces Cash Dividend

Retrieved on:

Jeudi, février 22, 2024

Banking, Professional Services, Finance

BayCom Corp (NASDAQ: BCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors (“the Board”) declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock.

Key Points:

BayCom Corp (NASDAQ: BCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors (“the Board”) declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock.
The cash dividend will be payable on April 12, 2024 to shareholders of record as of the close of business on March 8, 2024.

BayCom Corp Reports 2023 Fourth Quarter Earnings of $6.4 Million

Retrieved on:

Jeudi, janvier 25, 2024

Net interest income decreased $1.3 million, or 5.2%, to $23.5 million for the fourth quarter of 2023 from $24.8 million in the prior quarter, and decreased $2.9 million, or 11.1%, from $26.5 million in the same quarter a year ago.

Key Points:

Net interest income decreased $1.3 million, or 5.2%, to $23.5 million for the fourth quarter of 2023 from $24.8 million in the prior quarter, and decreased $2.9 million, or 11.1%, from $26.5 million in the same quarter a year ago.
Average interest-earning assets decreased $30.4 million, or 1.2%, and increased $34.2 million, or 1.36%, for the fourth quarter of 2023 compared to the third quarter of 2023 and the fourth quarter of 2022, respectively.
Noninterest income for the fourth quarter of 2023 increased $1.0 million, or 61.8%, to $2.7 million compared to $1.7 million in the prior quarter of 2023, and increased $1.8 million, or 196.0%, compared to $904,000 for the fourth quarter of 2022.
Noninterest expense for the fourth quarter of 2023 decreased $1.4 million, or 8.7%, to $15.1 million compared to $16.5 million for the prior quarter of 2023, and decreased $1.2 million, or 7.6%, compared to $16.3 million for the fourth quarter of 2022.

BayCom Corp Announces Cash Dividend

Retrieved on:

Mardi, novembre 28, 2023

Banking, Professional Services, Finance, Holding company

BayCom Corp (NASDAQ: BCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors (“the Board”) declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock.

Key Points:

BayCom Corp (NASDAQ: BCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors (“the Board”) declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock.
The cash dividend will be payable on January 12, 2024 to shareholders of record as of the close of business on December 14, 2023.

BayCom Corp Reports 2023 Third Quarter Earnings of $6.6 Million

Retrieved on:

Jeudi, octobre 19, 2023

Noninterest income for the third quarter of 2023 increased $568,000, or 52.3%, to $1.7 million compared to $1.1 million in the prior quarter of 2023 and decreased $728,000, or 30.6%, compared to $2.4 million for the third quarter of 2022.

Key Points:

Noninterest income for the third quarter of 2023 increased $568,000, or 52.3%, to $1.7 million compared to $1.1 million in the prior quarter of 2023 and decreased $728,000, or 30.6%, compared to $2.4 million for the third quarter of 2022.
Noninterest expense for the third quarter of 2023 decreased $38,000, or 0.2%, to $16.5 million compared to $16.6 million for the prior quarter of 2023, and increased $423,000, or 2.6%, compared to $16.1 million for the third quarter of 2022.
Cumulative available commitments on these lines totaled $65.0 million at September 30, 2023, June 30, 2023 and September 30, 2022.
Shareholders’ equity totaled $307.3 million at September 30, 2023, compared to $307.0 million at June 30, 2023, and $314.4 million at September 30, 2022.

BayCom Corp Announces Cash Dividend and Adoption of Stock Repurchase Program

Retrieved on:

Vendredi, août 18, 2023

Professional Services, Business, Finance, Share repurchase, Public sector banks in India, Car rental

BayCom Corp (NASDAQ: BCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors (the “Board”) declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock.

Key Points:

BayCom Corp (NASDAQ: BCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors (the “Board”) declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock.
The cash dividend will be payable on October 13, 2023, to shareholders of record as of the close of business on September 15, 2023.
The new stock repurchase program will commence upon completion of the Company’s seventh stock repurchase program, which will expire on April 21, 2024, or earlier if all the shares have been repurchased.
As of the date hereof, 42,572 shares remain available for future repurchases under the Company’s seventh stock repurchase program.

BayCom Corp Reports 2023 Second Quarter Earnings of $7.2 Million

Retrieved on:

Mercredi, juillet 26, 2023

BayCom Corp (“BayCom” or the “Company”) (NASDAQ: BCML), the holding company for United Business Bank (the “Bank” or “UBB”), announced earnings of $7.2 million, or $0.59 per diluted common share, for the second quarter of 2023, compared to earnings of $7.2 million, or $0.57 per diluted common share, for the first quarter of 2023 and $3.9 million, or $0.29 per diluted common share, for the second quarter of 2022.

Key Points:

BayCom Corp (“BayCom” or the “Company”) (NASDAQ: BCML), the holding company for United Business Bank (the “Bank” or “UBB”), announced earnings of $7.2 million, or $0.59 per diluted common share, for the second quarter of 2023, compared to earnings of $7.2 million, or $0.57 per diluted common share, for the first quarter of 2023 and $3.9 million, or $0.29 per diluted common share, for the second quarter of 2022.
Net interest income decreased $976,000, or 3.9%, to $24.3 million for the second quarter of 2023 from $25.3 million in the prior quarter and increased $1.1 million, or 4.8%, from $23.2 million in the same quarter a year ago.
Noninterest expense for the second quarter of 2023 increased $28,000, or 0.2%, to $16.6 million compared to $16.5 million for the prior quarter of 2023 and increased $1.4 million, or 8.9%, compared to $15.2 million for the same quarter in 2022.
The provision for income taxes increased $41,000, or 1.5%, to $2.9 million for the second quarter of 2023 compared to $2.8 million for the prior quarter of 2023 and increased $1.3 million, or 78.2%, to $1.6 million compared to the same quarter in 2022.

BayCom Corp Announces Cash Dividend

Retrieved on:

Jeudi, mai 18, 2023

Small Business, Banking, Professional Services, Finance, Public sector banks in India, Risk, Annual report

BayCom Corp (NASDAQ: BCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock.

Key Points:

BayCom Corp (NASDAQ: BCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock.
The cash dividend will be payable on July 14, 2023 to shareholders of record as of the close of business on June 16, 2023.
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.
BayCom expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in the Company's expectations of results or any change in events.