BayCom Corp filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 9, 2026, reporting condensed consolidated financial results for the three and nine months ended that date.

Key Highlights

  • Net income fell sharply quarter-over-quarter: Net income for the three months ended September 30, 2026 was $1,145 thousand, compared with $5,007 thousand for the same period in 2025, according to the filing.
  • AFS securities loss of $6,832 thousand: The company disclosed a loss on sale of available-for-sale securities of $6,832 thousand in the third quarter of 2026, with no comparable loss in the prior-year quarter.
  • Net interest income rose year-over-year: Net interest income for the third quarter of 2026 was $25,560 thousand, up from $23,409 thousand in the third quarter of 2025.
  • Total assets reached $2,676,391 thousand: As of September 30, 2026, total assets were $2,676,391 thousand, compared with $2,593,677 thousand at December 31, 2025.
  • Allowance for credit losses on loans increased: The allowance for credit losses on loans was $23,700 thousand at September 30, 2026, up from $21,210 thousand at December 31, 2025.
  • Basic and diluted EPS of $0.10 for Q3 2026: Basic and diluted earnings per common share for the three months ended September 30, 2026 were each $0.10, versus $0.46 in the year-ago quarter.
  • Shares outstanding at November 2, 2026: As of November 2, 2026, there were 10,920,117 shares of common stock outstanding.

BayCom Corp Third-Quarter 2026 Financial Results: AFS Sale and Credit Costs Weigh on Earnings

BayCom Corp (NASDAQ:BCML), the parent of United Business Bank, reported net income of $1,145 thousand for the three months ended September 30, 2026, a significant decline from the $5,007 thousand recorded in the third quarter of 2025, according to the filing. The company attributed a large portion of the noninterest income shortfall to a loss on sale of available-for-sale securities of $6,832 thousand in the current quarter, which had no counterpart in the prior-year period. Total noninterest income was negative $5,808 thousand for the three months ended September 30, 2026, compared with positive $2,248 thousand for the same period in 2025.

On the revenue side, the filing disclosed that net interest income improved to $25,560 thousand for the third quarter of 2026 from $23,409 thousand in the third quarter of 2025. For the nine months ended September 30, 2026, net interest income was $74,484 thousand versus $69,449 thousand in the year-ago nine-month period. Total interest and dividend income for the nine months ended September 30, 2026 was $101,277 thousand, compared with $101,049 thousand a year earlier. Interest expense declined to $8,918 thousand in Q3 2026 from $11,541 thousand in Q3 2025, driven in part by the absence of subordinated debt expense in the current year quarter, which was $1,571 thousand in the prior-year quarter.

The provision for credit losses was $843 thousand for the three months ended September 30, 2026, compared with $2,973 thousand in the same period of 2025. For the nine-month period, the provision was $5,414 thousand in 2026 versus $3,818 thousand in 2025. Total noninterest expense rose to $17,660 thousand in Q3 2026 from $15,946 thousand in Q3 2025, with salaries and employee benefits increasing to $11,222 thousand from $10,168 thousand. Total deposits stood at $2,292,187 thousand as of September 30, 2026, up from $2,213,640 thousand at December 31, 2025. Total shareholders' equity was $334,819 thousand at September 30, 2026, compared with $338,554 thousand at December 31, 2025.

What Was Disclosed

BayCom Corp's 10-Q for the period ended September 30, 2026 disclosed quarterly and nine-month income statement results, a condensed consolidated balance sheet, and changes in key balance sheet items including loans, deposits, and shareholders' equity, along with share count data as of November 2, 2026.