BayCom swings to $7.0M Q2 loss on $10.5M executive severance, $5.2M credit provision

Filed July 23, 2026 · Period ending July 23, 2026 · ~1 min read

Key Changes

• high

  Q2 2026 net loss of $7.0M ($0.64/share) vs. $8.2M income in Q1, driven by $10.5M one-time severance costs for three departing senior executives (including accelerated equity vesting).

  Exhibit 99.1 view on EDGAR →
• high

  Provision for credit losses of $5.2M (vs. $670K reversal in Q1) reflects $2.8M net charge-offs (up from $15K in Q1), loan growth, and increased reserves on certain individually evaluated loans.

  Exhibit 99.1 view on EDGAR →
• medium

  Nonperforming loans fell $6.9M to $9.8M (0.47% of loans) from sale of two nonaccrual loans ($7.7M) and one payoff ($685K), partially offset by two new CRE nonaccruals ($3.5M).

  Exhibit 99.1 view on EDGAR →