Articles from BayCom Corp

BayCom Corp (“BayCom” or the “Company”) (NASDAQBCML), the holding company for United Business Bank (the “Bank” or “UBB”), announced earnings of $6.1 million, or $0.55 per diluted common share, for the fourth quarter of 2024, compared to earnings of $6.0 million, or $0.54 per diluted common share, for the third quarter of 2024 and $6.4 million, or $0.55 per diluted common share, for the fourth quarter of 2023.

BayCom Corp (NASDAQBCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors declared a quarterly cash dividend of $0.15 per share on the Company's outstanding common stock, which represents a 50% increase (from $0.10 per share) in the Company’s quarterly dividend. The dividend is payable on January 10, 2025 to shareholders of record as of the close of business on December 12, 2024.

BayCom Corp (NASDAQBCML) (the “Company”), the holding company for United Business Bank (the “Bank”), today announced that Bhupen B. Amin and Dennis Guida were appointed as directors of the Company, effective November 1, 2024. Messrs. Amin and Guida, who have been directors of the Bank since 2011 and 2022, respectively, will continue to serve in that capacity. The appointments of Messrs. Amin and Guida to the Company’s Board of Directors follow the recent retirement of James S. Camp as a director of the Company and the Bank.

BayCom Corp (“BayCom” or the “Company”) (NASDAQBCML), the holding company for United Business Bank (the “Bank” or “UBB”), announced earnings of $6.0 million, or $0.54 per diluted common share, for the third quarter of 2024, compared to earnings of $5.6 million, or $0.50 per diluted common share, for the second quarter of 2024 and $6.6 million, or $0.56 per diluted common share, for the third quarter of 2023.

BayCom Corp (NASDAQBCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share on the Company's common stock. The dividend is payable on October 10, 2024 to shareholders of record as of the close of business on September 19, 2024.

BayCom Corp (“BayCom” or the “Company”) (NASDAQBCML), the holding company for United Business Bank (the “Bank” or “UBB”), announced earnings of $5.6 million, or $0.50 per diluted common share, for the second quarter of 2024, compared to earnings of $5.9 million, or $0.51 per diluted common share, for the first quarter of 2024 and $7.2 million, or $0.59 per diluted common share, for the second quarter of 2023.

BayCom Corp (NASDAQBCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors (the “Board”) declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock. The cash dividend is payable on July 11, 2024, to shareholders of record as of the close of business on June 13, 2024.

BayCom Corp (“BayCom” or the “Company”) (NASDAQBCML), the holding company for United Business Bank (the “Bank” or “UBB”), announced earnings of $5.9 million, or $0.51 per diluted common share, for the first quarter of 2024, compared to earnings of $6.4 million, or $0.55 per diluted common share, for the fourth quarter of 2023 and $7.2 million, or $0.57 per diluted common share, for the first quarter of 2023.

BayCom Corp (NASDAQBCML) (“BayCom” or the “Company”), the parent company of United Business Bank, announced today that, due to regulatory and statutory requirements of the NASDAQ Global Select Market, the record date for the recently announced $0.10 per share quarterly cash dividend on BayCom common stock has been adjusted to now occur on March 16, 2024. The payable date for the dividend was not adjusted and will be payable on April 12, 2024.

BayCom Corp (NASDAQBCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors (“the Board”) declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock. The cash dividend will be payable on April 12, 2024 to shareholders of record as of the close of business on March 8, 2024.

BayCom Corp (“BayCom” or the “Company”) (NASDAQBCML), the holding company for United Business Bank (the “Bank” or “UBB”), announced earnings of $6.4 million, or $0.55 per diluted common share, for the fourth quarter of 2023, compared to earnings of $6.6 million, or $0.56 per diluted common share, for the third quarter of 2023 and $7.6 million, or $0.59 per diluted common share, for the fourth quarter of 2022.

BayCom Corp (NASDAQBCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors (“the Board”) declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock. The cash dividend will be payable on January 12, 2024 to shareholders of record as of the close of business on December 14, 2023.

BayCom Corp (“BayCom” or the “Company”) (NASDAQBCML), the holding company for United Business Bank (the “Bank” or “UBB”), announced earnings of $6.6 million, or $0.56 per diluted common share, for the third quarter of 2023, compared to earnings of $7.2 million, or $0.59 per diluted common share, for the second quarter of 2023 and $7.0 million, or $0.52 per diluted common share, for the third quarter of 2022.

BayCom Corp (NASDAQBCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors (the “Board”) declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock. The cash dividend will be payable on October 13, 2023, to shareholders of record as of the close of business on September 15, 2023.

BayCom Corp (“BayCom” or the “Company”) (NASDAQBCML), the holding company for United Business Bank (the “Bank” or “UBB”), announced earnings of $7.2 million, or $0.59 per diluted common share, for the second quarter of 2023, compared to earnings of $7.2 million, or $0.57 per diluted common share, for the first quarter of 2023 and $3.9 million, or $0.29 per diluted common share, for the second quarter of 2022.

BayCom Corp (NASDAQBCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock. The cash dividend will be payable on July 14, 2023 to shareholders of record as of the close of business on June 16, 2023.

BayCom Corp (NASDAQBCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors (the “Board”) approved its seventh stock repurchase program for the repurchase of up to 619,000 shares of its common stock, or approximately 5% of its outstanding shares, over a one year period through open market purchases, privately-negotiated transactions, or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934. The new stock repurchase program will commence upon completion of the sixth stock repurchase program which will expire on October 24, 2023, or earlier if the shares have been repurchased. As of the date hereof, the Company has 17,633 shares available for future purchase under the Company’s sixth stock repurchase program.

BayCom Corp (“BayCom” or the “Company”) (NASDAQBCML), the holding company for United Business Bank (the “Bank” or “UBB”), announced earnings of $7.0 million, or $0.55 per diluted common share, for the first quarter of 2023, compared to earnings of $8.1 million, or $0.62 per diluted common share, for the fourth quarter of 2022 and $6.5 million, or $0.51 per diluted common share, for the first quarter of 2022.

BayCom Corp (NASDAQBCML), and its wholly owned subsidiary United Business Bank (the “Bank”), a Western Regional bank, today confirmed its capital and liquidity positions remain strong.

BayCom Corp (NASDAQBCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock, which represents an increase of 100% over the $0.05 per share quarterly dividend declared on November 16, 2022. The cash dividend will be payable on April 14, 2023 to shareholders of record as of the close of business on March 10, 2023.

BayCom Corp (“BayCom” or the “Company”) (NASDAQBCML), the holding company for United Business Bank (the “Bank” or “UBB”), announced earnings of $8.1 million, or $0.62 per diluted common share, for the fourth quarter of 2022, compared to earnings of $7.2 million, or $0.54 per diluted common share, for the third quarter of 2022 and $5.4 million, or $0.51 per diluted common share, for the fourth quarter of 2021. For the year ended December 31, 2022, the Company announced earnings of $27.0 million, or $2.06 per diluted common share, compared to $20.7 million, or $1.90 per diluted common share, for the year ended December 31, 2021.

BayCom Corp (NASDAQBCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors declared a quarterly cash dividend of $.05 per share on the Company's outstanding common stock. The cash dividend will be payable on January 13, 2023 to shareholders of record as of the close of business on December 16, 2022.

BayCom Corp (NASDAQBCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors (the “Board”) approved its sixth stock repurchase program for the repurchase of up to 645,000 shares of its common stock, or approximately 5% of its outstanding shares, over a one year period through open market purchases, privately-negotiated transactions, or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934. The new stock repurchase program will commence upon completion of the fifth stock repurchase program. To date, the Company has repurchased all of the 747,000 shares of Company common stock authorized for repurchase pursuant to the fifth stock repurchase program.

BayCom Corp (“BayCom” or the “Company”) (NASDAQBCML), the holding company for United Business Bank (the “Bank” or “UBB”), announced earnings of $7.2 million, or $0.54 per diluted common share, for the third quarter of 2022, compared to earnings of $5.2 million, or $0.38 per diluted common share, for the second quarter of 2022 and $5.4 million, or $0.51 per diluted common share, for the third quarter of 2021. For the nine months ended September 30, 2022 the Company announced earnings of $18.9 million, or $1.44 per diluted common share, compared to $15.3 million, or $1.39 per diluted common share, for same period in 2021.

BayCom Corp (NASDAQBCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors declared a quarterly cash dividend of $.05 per share on the Company's outstanding common stock. The cash dividend will be payable on October 14, 2022 to shareholders of record as of the close of business on September 16, 2022.

BayCom Corp (“BayCom” or the “Company”) (NASDAQBCML), the holding company for United Business Bank (the “Bank” or “UBB”), announced earnings of $5.2 million, or $0.38 per diluted common share, for the second quarter of 2022, compared to earnings of $6.5 million, or $0.51 per diluted common share, for the first quarter of 2022 and $5.3 million, or $0.49 per diluted common share, for the second quarter of 2021. For the six months ended June 30, 2022 the Company announced earnings of $11.7 million, or $0.89 per diluted common share, compared to $9.8 million, or $0.89 per diluted common share, for same period in 2021.

BayCom Corp (NASDAQBCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors declared a quarterly cash dividend of $.05 per share on the Company's outstanding common stock. The cash dividend will be payable on July 15, 2022 to shareholders of record as of the close of business on June 17, 2022.

BayCom Corp (“BayCom” or the “Company”) (NASDAQBCML), the holding company for United Business Bank (the “Bank” or “UBB”), announced earnings of $6.5 million, or $0.51 per diluted common share, for the first quarter of 2022, compared to earnings of $5.4 million, or $0.51 per diluted common share, for the fourth quarter of 2021 and $4.5 million, or $0.40 per diluted common share, for the first quarter of 2021.

BayCom Corp (NASDAQBCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors declared a quarterly cash dividend of $.05 per share on the Company's outstanding common stock. The cash dividend will be payable on April 15, 2022 to shareholders of record as of the close of business on March 11, 2022.

BayCom Corp (NASDAQBCML) (“BayCom” or the “Company”), the parent company of United Business Bank, announced today that effective February 1, 2022, it completed its previously announced acquisition of Pacific Enterprise Bancorp (“PEB”), headquartered in Irvine, California and the merger of Pacific Enterprise Bank, the bank subsidiary of PEB, into United Business Bank. Under the terms of the merger agreement, for each share of PEB common stock, each PEB shareholder will receive 1.0292 shares of BayCom’s common stock with cash to be paid in lieu of any fractional shares. PEB shareholders holding shares in street name will automatically receive shares of BayCom common stock within their accounts. PEB shareholders who hold their shares in certificated form will be mailed a letter of transmittal shortly containing instructions on how to exchange their PEB shares for BayCom shares.

BayCom Corp (“BayCom” or the “Company”) (NASDAQBCML), the holding company for United Business Bank (the “Bank” or “UBB”), announced earnings of $5.4 million, or $0.51 per diluted share, for the fourth quarter of 2021, compared to earnings of $5.4 million, or $0.51 per diluted share, for the third quarter of 2021 and $4.5 million, or $0.39 per diluted share, for the fourth quarter of 2020. Net income for the fourth quarter of 2021 compared to the prior quarter increased $26,000, or 0.5%, primarily as a result of a $1.5 million increase in net interest income, and a $125,000 decrease in noninterest expense, partially offset by a $1.4 million decrease in noninterest income and a $100,000 decrease in the provision for income taxes.

BayCom Corp (NASDAQBCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors (the “Board”) approved a stock repurchase program for the repurchase of up to 747,000 shares of its common stock, or approximately 7% of its outstanding shares, over a one year period through open market purchases, privately-negotiated transactions, or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934.

BayCom Corp (“Company”), the holding company for United Business Bank (the “Bank”), announced today that it increased the size of the board of directors from nine to 11 members and appointed Janet L. King and Keary L. Colwell, each of whom is currently an executive officer of the Company, to fill the vacancies created by this increase. The appointments are effective as of December 14, 2021. With the appointments of Ms. King and Ms. Colwell, the Company is in compliance with California law which requires the Company, based on the current size of its Board, to have a minimum of three directors that identify as female and minimum of one director from an “underrepresented community” on its Board by the year end December 31, 2021.

BayCom Corp (“BayCom”) (NASDAQBCML) and Pacific Enterprise Bancorp (“PEB”) jointly announced that, at their respective special meetings of shareholders held yesterday, they each received the necessary shareholder approval for the consummation of their planned merger. BayCom previously announced the receipt of all required bank regulatory approvals for the merger of BayCom and PEB, as well as the merger of PEB’s bank subsidiary, Pacific Enterprise Bank, into BayCom’s bank subsidiary, United Business Bank. The transaction is expected to close during the first quarter of 2022, subject to the satisfaction or waiver of certain closing conditions.

BayCom Corp (“BayCom”) (NASDAQBCML) announced it has received all regulatory clearances for its proposed merger with Pacific Enterprise Bancorp (“PEB”). The Board of Governors of the Federal Reserve System and the California Department of Financial Protection and Innovation have provided final clearance for the pending merger of BayCom Corp and PEB, as well as the merger of PEB’s bank subsidiary, Pacific Enterprise Bank, into BayCom’s bank subsidiary, United Business Bank.

BayCom Corp (“BayCom” or the “Company”) (NASDAQBCML), the holding company for United Business Bank (the “Bank” or “UBB”), announced earnings of $5.4 million, or $0.51 per diluted share, for the third quarter of 2021, compared to earnings of $5.3 million, or $0.49 per diluted share, for the second quarter of 2021 and $3.2 million, or $0.27 per diluted share, for the third quarter of 2020. Net income for the third quarter of 2021 compared to the prior quarter increased $104,000, or 2.0%, primarily as a result of a $1.6 million increase in noninterest income, partially offset by a $984,000 change in the provision for loan losses, related to a $477,000 provision for loan losses recorded in the current quarter compared to a $507,000 reversal of the provision for loan losses recorded in the prior quarter, and a $471,000 increase in noninterest expense.

BayCom Corp (NASDAQBCML) (“BayCom” or the “Company”), the holding company for United Business Bank, and Pacific Enterprise Bancorp (“PEB”), the holding company for Pacific Enterprise Bank, announced jointly today the signing of an Agreement and Plan of Merger (“Merger Agreement”) under which BayCom has agreed to acquire PEB in an all-stock transaction valued at approximately $53.1 million or $17.78 per share, based on the BayCom common stock price closing price of $17.28 per share on September 3, 2021. The transaction will expand BayCom’s presence in Southern California.

BayCom Corp (“BayCom” or the “Company”) (NASDAQBCML), the holding company for United Business Bank (the “Bank”), announced earnings of $5.3 million, or $0.49 per diluted share, for the second quarter of 2021, compared to earnings of $4.5 million, or $0.40 per diluted share, for the first quarter of 2021 and $3.1 million, or $0.26 per diluted share, for the second quarter of 2020. Net income for the second quarter of 2021 compared to the prior quarter increased $776,000, 17.1%, primarily as a result of a $507,000 reversal of provision for loan losses, a $216,000 increase in noninterest income and a $676,000 decrease in noninterest expense, partially offset by a $302,000 decrease in net interest income and a $321,000 increase in the income tax provision.

BayCom Corp (“BayCom” or the “Company”) (NASDAQBCML), the holding company for United Business Bank (the “Bank”), announced earnings of $4.5 million, or $0.40 per diluted share, for the first quarter of 2021, compared to earnings of $4.5 million, or $0.39 per diluted share, for the fourth quarter of 2020 and $2.8 million, or $0.23 per diluted share, for the first quarter of 2020. Net income for the first quarter of 2021 compared to the prior quarter was unchanged at $4.5 million, primarily as a result of a $1.9 million decrease in provision for loans losses, which was offset by a $831,000 decrease in noninterest income, a $702,000 increase in the income tax provision and a $217,000 decrease in net interest income.