BayCom Q2 EPS misses estimates on one-time costs
BCML•Outlook and analyst view
The company said healthy deposit and loan pipelines position it well for coming quarters, though it noted ongoing competitive pressure in deposits that is affecting current market conditions.
The current average analyst rating on the shares is hold. The breakdown of recommendations is no strong buy or buy, three hold, and no sell or strong sell. The median 12-month price target for BayCom Corp is $32.00, about 3.9% below its July 22 closing price of $33.30.
Key second-quarter figures
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 EPS | Miss | -$0.64 | $0.42 (3 Analysts) |
| Q2 Net Income | Miss | -$6.96 mln | $3.41 mln (2 Analysts) |
| Q2 Net Interest Income | $23.73 mln | ||
| Q2 Loan Loss Provision | $5.24 mln |
Quarterly results miss estimates
BayCom reported a second-quarter net loss as adjusted EPS missed analyst expectations. The U.S. regional bank said results were impacted by $10.5 million in executive transition costs and a higher credit loss provision.
