BayCom Corp reported net income of $1.1 million, or $0.10 per diluted share, for the third quarter ended September 30, 2026, compared to a net loss of $7.0 million, or $0.64 per diluted share, in the second quarter and net income of $5.0 million, or $0.46 per diluted share, in the prior year period. The improvement was driven by a $9.5 million decrease in noninterest expense, largely due to lower severance costs following executive departures, and a $4.4 million reduction in credit loss provisions. Net interest margin expanded 16 basis points to 4.11%, while total loans grew 3.7% to $2.2 billion and deposits increased $122.3 million to $2.3 billion. The company also recorded a $6.8 million loss on the sale of investment securities as part of a strategic portfolio repositioning. BayCom Corp operates as a bank holding company for United Business Bank.
