BayCom Corp reported a net loss of $7.0 million, or $0.64 per diluted common share, for the second quarter of 2026, a significant decline from the $8.2 million net income reported in the first quarter of 2026. The loss was primarily driven by $10.5 million in one-time severance and benefit expenses related to the departure of three senior executives, alongside a $5.2 million provision for credit losses. Total loans increased by $64 million to $2.1 billion during the quarter, while nonperforming loans decreased to $9.8 million. The company maintains capital ratios above regulatory thresholds for well-capitalized banks. BayCom Corp is a financial holding company that operates United Business Bank, providing banking services to businesses in several Western U.S. states.
