BayCom Corp BCML
General. BayCom is a bank holding company headquartered in Walnut Creek, California. BayCom's wholly owned banking subsidiary, United Business Bank, provides a broad range of financial services to businesses and business owners, as well as individual consumers, through its network of 34 full-service branches, with 16 locations in California, one in Nevada, one in Washington, five in New Mexico and 11 in Colorado. The Company's business activities generally are limited to passive investment activities and the monitoring of its investment in the Bank. Accordingly, the information set forth in this Form 10-K, including the consolidated financial statements and related data, relate primarily to the Bank.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $135.4M | $131.7M | $126.3M | $107.1M | $81.6M | $87.2M | $76.5M | $56.9M | $44.3M | $29.6M |
| Interest expense | $94.5M | $91.1M | $97.9M | $10.4M | $8.8M | $8.9M | $8.7M | $4.9M | $4.3M | $3.1M |
| Pre-tax income | $32.6M | $32.1M | $38.2M | $32.4M | $28.5M | $18.2M | $23.7M | $20.5M | $14.1M | $10.3M |
| Income tax | $8.7M | $8.5M | $10.7M | $8.7M | $7.8M | $4.5M | $6.4M | $6.0M | $8.9M | $4.4M |
| Net income | $23.9M | $23.6M | $27.4M | $23.7M | $20.7M | $13.7M | $17.3M | $14.5M | $5.3M | $5.9M |
| EPS, basic | 2.18 | 2.10 | 2.27 | 1.81 | 1.90 | 1.15 | 1.47 | 1.50 | 0.81 | 1.10 |
| EPS, diluted | 2.18 | 2.10 | 2.27 | 1.81 | 1.90 | 1.15 | 1.47 | 1.50 | 0.81 | 1.09 |
| Shares, diluted (wtd. avg.) | $11.0M | $11.3M | $12.1M | $13.1M | $10.9M | $12.0M | $11.8M | $9.7M | $6.5M | $5.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $206.5M | $364.0M | $307.5M | $176.8M | $379.7M | $299.3M | $295.4M | $323.6M | $249.9M | $128.7M |
| Property, plant and equipment | $13.2M | $13.4M | $13.7M | $13.3M | $14.4M | $15.1M | $10.5M | $11.2M | $8.4M | — |
| Goodwill | $38.8M | $38.8M | $38.8M | $38.8M | $38.8M | $38.8M | $35.5M | $14.6M | $10.4M | $0 |
| Other intangibles | $1.7M | $2.7M | $3.9M | $5.2M | $6.5M | $8.3M | $9.2M | $7.2M | $4.8M | — |
| Total assets | $2.59B | $2.66B | $2.55B | $2.51B | $2.35B | $2.20B | $1.99B | $1.48B | $1.25B | — |
| Long-term debt | — | — | — | — | — | — | — | $0 | $6.0M | — |
| Total liabilities | $2.26B | $2.34B | $2.24B | $2.20B | $2.09B | $1.94B | $1.74B | $1.28B | $1.13B | — |
| Retained earnings | $178.9M | $164.8M | $146.3M | $124.1M | $103.1M | $82.4M | $68.6M | $51.3M | $36.8M | — |
| Total equity | $338.6M | $324.4M | $312.9M | $317.1M | $262.6M | $252.6M | $254.2M | $200.8M | $118.6M | $78.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $31.8M | $30.4M | $30.8M | $39.6M | $10.4M | $10.0M | $7.0M | $6.2M | $9.3M | $6.3M |
| Depreciation and amortisation | — | — | — | — | $2.0M | $1.9M | $1.2M | $935.0K | $762.0K | $498.0M |
| Stock-based compensation | $653.0K | $588.0K | $726.0K | $1.0M | $1.4M | $1.5M | $1.2M | $1.2M | $423.0K | $334.0K |
| Capital expenditure | $1.7M | $1.7M | $2.1M | $843.0K | $1.3M | $3.2M | $1.4M | — | — | — |
| Investing cash flow | -$90.8M | -$62.2M | $80.4M | $53.9M | -$60.4M | -$73.7M | $927.0K | -$11.3M | $90.4M | -$32.7M |
| Financing cash flow | -$98.6M | $88.3M | $19.5M | -$296.4M | $130.3M | $67.6M | -$36.1M | $78.7M | $21.4M | $46.9M |
| Dividends paid | $6.6M | $3.4M | $3.6M | $2.0M | — | $0 | $0 | $0 | — | — |
| Buybacks | $6.9M | $9.2M | $24.1M | $18.0M | $11.6M | $18.3M | $11.0M | $0 | $24.0K | $901.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001730984-26-000039.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |