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BayCom (BayCom) Net Income : $26.1 Mil (TTM As of Mar. 2024)


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What is BayCom Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. BayCom's Net Income for the three months ended in Mar. 2024 was $5.9 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was $26.1 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. BayCom's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $0.51.


BayCom Net Income Historical Data

The historical data trend for BayCom's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

BayCom Net Income Chart

BayCom Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.32 13.73 20.69 23.73 27.43

BayCom Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.19 7.21 6.63 6.40 5.88

BayCom Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

BayCom's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=38.158+-10.733+0+0
=27.4

BayCom's Net Income for the quarter that ended in Mar. 2024 is calculated as

Net Income(Q: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=8.146+-2.269+0+-8.8817841970013E-16
=5.9

Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $26.1 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


BayCom  (NAS:BCML) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

BayCom's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


BayCom Net Income Related Terms

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BayCom (BayCom) Business Description

Traded in Other Exchanges
N/A
Address
500 Ygnacio Valley Road, Suite 200, Walnut Creek, CA, USA, 94596
BayCom Corp is a bank holding company for United Business Bank. It provides a broad range of financial services to businesses and business owners as well as individuals through its full-service branches and loan production office. The company targets its services to small and medium-sized businesses, professional firms, real estate professionals, nonprofit businesses, labor unions, and related nonprofit entities and businesses and individual consumers. Its products and services include deposit products, personal accounts, loans, online banking, cash management, and business savings services.
Executives
Robert G. Laverne director C/O BAYCOM CORP, 500 YGNACIO VALLEY ROAD, SUITE 200, WALNUT CREEK CA 94596
George J. Guarini director, officer: President and CEO C/O BAYCOM CORP, 500 YGNACIO VALLEY ROAD, SUITE 200, WALNUT CREEK CA 94596
Kendall Lloyd W. Jr. director, other: Chairman of the Board C/O BAYCOM CORP, 500 YGNACIO VALLEY ROAD, SUITE 200, WALNUT CREEK CA 94596
Janet Lee King officer: Senior EVP and COO C/O BAYCOM CORP, 500 YGNACIO VALLEY ROAD, SUITE 200, WALNUT CREEK CA 94596
Malcolm Flemming Hotchkiss director 100 HEGENBERGER ROAD, OAKLAND CA 94621
Syvia L. Magid director C/O BAYCOM CORP, 500 YGNACIO VALLEY RD., SUITE 200, WALNUT CREEK CA 94596
Rick Pak officer: EVP and Chief Lending Officer C/O BAYCOM CORP, 500 YGNACIO VALLEY RD., SUITE 200, WALNUT CREEK CA 94596
Harpreet S. Chaudhary director C/O BAYCOM CORP, 500 YGNACIO VALLEY ROAD, SUITE 200, WALNUT CREEK CA 94596
David M. Spatz director C/O BAYCOM CORP, 500 YGNACIO VALLEY ROAD, SUITE 200, WALNUT CREEK CA 94596
James S. Camp director C/O BAYCOM CORP, 500 YGNACIO VALLEY ROAD, SUITE 200, WALNUT CREEK CA 94596
Jon Rocco Davis director C/O BAYCOM CORP, 500 YGNACIO VALLEY ROAD, SUITE 200, WALNUT CREEK CA 94596
Keary L. Colwell officer: Senior EVP, CFO and Secretary C/O BAYCOM CORP, 500 YGNACIO VALLEY ROAD, SUITE 200, WALNUT CREEK CA 94596
David John Funkhouser officer: EVP and Chief Credit Officer C/O BAYCOM CORP, 500 YGNACIO VALLEY ROAD, SUITE 200, WALNUT CREEK CA 94596
Izabella Lin Zhu officer: EVP and Chief Risk Officer C/O BAYCOM CORP, 500 YGNACIO VALLEY ROAD, SUITE 200, WALNUT CREEK CA 94596
Mary Therese Curley officer: EVP, Director Labor Service C/O BAYCOM CORP, 500 YGNACIO VALLEY ROAD, SUITE 200, WALNUT CREEK CA 94596