Headquartered in Walnut Creek, CA Fiscal year ends December NASDAQ: BCML unitedbusinessbank.com
BayCom Corp is the holding company for United Business Bank, a community bank offering a full range of commercial banking services including SBA, CalCAP, FSA and USDA guaranteed loans, along with deposit products and services to businesses and their affiliates across California, Washington, New Mexico, Colorado and Nevada. The bank focuses on relationship-driven commercial banking, with a loan portfolio concentrated in commercial real estate (owner-occupied and non-owner occupied), multifamily residential, residential real estate, construction, and commercial and industrial lending. The company is listed on the NASDAQ Global Select Market under the symbol BCML and is a member of FDIC. Updated
Management chose this earnings miss, putting roughly $0.50 per share of cost on the quarter by selling securities at a loss to lift reinvested yields. Net interest margin expanded to 4.11%, revenue came in ahead of estimates, and the payback is pegged at about three years.
Pre-Market Stock Futures: Futures are trading higher as investors return to a holiday-shortened trading week after a record-setting Friday, when the S&P 500, which posted its eighth straight weekly gain, and the…
BayCom Corp is the holding company for United Business Bank, a community bank offering a full range of commercial banking services including SBA, CalCAP, FSA and USDA guaranteed loans, along with deposit products and services to businesses and their affiliates across California, Washington, New Mexico, Colorado and…
The Wall Street consensus 12-month price target for BCML is $33.00.
