BayCom turns to Q2 FY26 net loss of $7 million; net interest income drops 5.8% vs Q1 to $23.7 million - BCML News | RalliesBayCom turns to Q2 FY26 net loss of $7 million; net interest income drops 5.8% vs Q1 to $23.7 million
B
BCML• BayCom reports Q2 FY26 loss as expenses and credit costs rise
- BayCom posted a net loss of $7 million, or $(0.64) per diluted share, swinging from net income of $8.2 million, or $0.75, in Q1 2026.
- Net interest income slipped 5.8% to $23.7 million from Q1, while net interest margin narrowed 16 basis points to 3.95%.
- Noninterest expense jumped 64.5% to $27.2 million, including $10.5 million tied to severance and benefits for three departing senior executives.
- Provision for credit losses rose to $5.2 million from a $670,000 reversal in Q1, with net charge-offs of $2.8 million.
- Total loans grew 3.2% to $2.1 billion, while deposits fell 4.2% to $2.2 billion; cost of deposits eased 7 basis points to 1.56%.
•
