Baycom Corp · NASDAQ:BCML
Baycom — 4th Quarter 2019 Investor Conference
22 slides from Baycom's conference presentation, November 2019
Slide 1: 4th Quarter 2019 Investor Conference
4th Quarter 2019 Investor Conference November 4 and 5, 2019 NASDAQ: BCML 1
Slide 2: Presentation Disclosure
Presentation Disclosure This investor presentation has been prepared by Baycom Corp (“BCML” or the “Company”) solely for informational purposes based on its own information, as well as information from public sources. This presentation has been prepared to assist interested parties in making their o
Slide 3: Baycom Corp – Who we are
Baycom Corp – Who we are Overview Financial Highlights BayCom Corp is the bank holding company for United Business Bank Baycom Baycom Baycom Founded in 2004 and headquartered in Walnut Creek, 3 Mo Ended 9 Mo Ended 9 Mo Ended California Sept 30, Sept 30, Sept 30, Full service commercially-orien
Slide 4: Company Strengths
Company Strengths Seasoned and talented management team who founded and led the Company since 2004 Disciplined acquisition strategy and proven track record of integrating banks The Company recorded bargain purchase gains in three of its eight completed acquisitions with the other five having t
Slide 5: Experienced Leadership Team
Experienced Leadership Team Name / Title Experience Background George J. Guarini 31 years • President and Chief Executive Officer since the Bank began operations in 2004 President & Founding CEO • Held key executive and senior level management positions with national and regional financial instituti
Slide 6: Disciplined Acquisition Strategy
Disciplined Acquisition Strategy Strategic consolidation of community banks Provides scale and operating efficiencies Headquarters of Potential Acquisition Opportunities Adds experienced and knowledgeable banking talent Opportunity to improve concentration ratios Opportunity to drive down
Slide 7: Key Highlights of Current Markets
Key Highlights of Current Markets: Bay Area, California Central Valley, California Part of both the San Francisco-Oakland-Hayward MSA and the We serve the Sacramento-Roseville-Arden-Arcade MSA through San-Jose-Sunnyvale-Santa Clara MSA one branch office • Represents the second most populous area
Slide 8: Recent Acquisitions
Recent Acquisitions Uniti Financial TIG Bancorp Grand Mountain Assets1 $343,578 $229,245 $130,593 Deposits1 $294,588 $196,988 $117,376 Purchase Price2 $64,103 $39,472 $13,886 Consideration Cash & Stock Cash & Stock Cash Price/LTM EPS3 17.5x 15.9x 45.1x Price/TBV3 137.6% 144.6% 126.2% EPS Accretion4
Slide 9: Pro Forma Metrics with Uniti and TIG
Pro Forma Metrics with Uniti and TIG Baycom Proforma Baycom with Baycom with Uniti with Uniti & TIG 9 Mo Ended 9 Mo Ended 9 Mo Ended Sept 30, Sept 30, Sept 30, Description 2019 2019 2019 Book Value per common share(1),(2) $ 19.97 $ 19.97 $ 20.14 (1),(2) Tangible Book Value Per Share $ 17.23 $ 17.23
Slide 10: Loan Portfolio
Loan Portfolio $1,231.7 million total loans (excluding loans held for sale) Loan Portfolio Composition as of Sept 30, 2019 Approximately 43% of the loan portfolio is from the San Francisco Bay Area Other C&I 3% Average yield on total loans of 5.63% for 2019 12% Non- 30% mature or reprice wit
Slide 11: Commercial and Multifamily Real Estate Detail
Commercial and Multifamily Real Estate Detail CRE and Multifamily Loan Composition as of $913 million total commercial and multifamily real estate September 30, 2019 loans Diversified by property type Res taurants Al l Other 3% Mul tifamily 13% 13% 66% floating rate vs. 34% fixed1 Conva l esce
Slide 12: Deposit Portfolio Summary
Deposit Portfolio Summary At Sept 30, 2019: $1.5 billion total deposits Deposit Composition as of Sept 30, 2019 Noninterest-bearing demand represents 36% of total deposits Interest bearing demand, savings and money Certificates of Deposit 21% - market accounts represent 44% of total deposits C
Slide 13: Attractive Net Interest Spread
Attractive Net Interest Spread Yield on Interest-Earning Assets Cost of Average Interest-Bearing Liabilities Yield on Interest Earning Assets Cost of Average Interest-Bearing 4.90% 4.81% Liabilities 4.80% 4.74% 1.00% 0.88% 4.70% 0.72% 0.73% 0.80% 4.59% 0.65% 0.62% 4.60% 4.54% 0.60% 4.50% 4.47% 0.40%
Slide 14: Shareholder Tangible Book Value
Shareholder Tangible Book Value TBV / Share $20 $18 $17.23 $16.45 $16 $14.12 $13.81 $14 $12.96 $12 $10 $8 $6 $4 $2 $0 2015 2016 2017 2018 Q3 2019 During 2017, 2018 and 2019, the Company recorded $3.5, $2.3 and $4.1 million, pre-tax, of merger expenses related to acquisitions in each period. In 201
Slide 15: Shareholder EPS
Shareholder EPS Diluted EPS $1.60 $1.50 $1.36 $1.40 $1.20 $1.09 $1.11 $1.00 $0.81 $0.80 $0.60 $0.40 $0.20 $- 2015 2016 2017 2018 YTD Q32019 Note: Annual data for the year ended December 31 of each respective year. Q3 2019 data for the nine months ended September 30, 2019. In 2019, there was $4.1 mil
Slide 16: Corporate History
Corporate History Consistent Asset Growth Supplemented By Acquisitions Acquired MyBank Consolidated Acquired San Jose TIG Raised $16.8 Branch Bancorp million of common stock Acquired Formed Bank Opened Bay from institutional Opened Community Holding Consolidated Commercial and individual Napa Acquir
Slide 17: Demonstrated Track Record of Growth
Demonstrated Track Record of Growth Total Assets ($mm) Total Net Loans ($mm) $2,000 $1,400 $1,771 $1,225 $1,800 $1,200 $1,600 $1,478 $971 $1,000 $890 $1,400 $1,246 $1,200 $800 $1,000 $600 $504 $800 $675 $460 $623 $600 $400 $400 $200 $200 $0 $0 2015 2016 2017 2018 Q3 2019 2015 2016 2017 2018 Q3 2019
Slide 18: Strong Credit Quality
Strong Credit Quality Nonperforming Assets / Total Assets1 Allowance for Loan Losses / Total Loans² 0.45% 0.90% 0.83% 0.41% 0.40% 0.80% 0.74% 0.35% 0.70% 0.30% 0.28% 0.27% 0.60% 0.53% 0.52% 0.25% 0.50% 0.47% 0.20% 0.40% 0.15% 0.30% 0.10% 0.20% 0.05% 0.05% 0.10% 0.01% 0.00% 0.00% 2015 2016 2017 2018
Slide 19: Financial Performance Summary
Financial Performance Summary Return on Average Assets Return on Average Equity 1.40% 12.00% 1.24% 10.36% 1.20% 1.07% 10.00% 1.05% 7.87% 8.28% 1.00% 0.91% 7.72% 8.00% 0.80% 6.00% 5.28% 0.60% 0.51% 4.00% 0.40% 2.00% 0.20% 0.00% 0.00% 2015 2016 2017 2018 YTD Q3 2015 2016 2017 2018 YTD Q3 2019 2019 Eff
Slide 20: Appendix
Appendix 20
Slide 21: Non-GAAP Reconciliation Tangible Common Equity and Tangible Assets
Non-GAAP Reconciliation Tangible Common Equity and Tangible Assets (Dollars in thousands except per share data) As of Sept 30, 2015 2016 2017 2018 2019 Tangible Common Equity: Total Common Shareholders Equity $ 72,381 $ 78,063 $ 118,635 $ 200,753 $ 240,885 Adjustments: Goodwill - - (10,365) (14,594)
Slide 22: Questions? Contact Information
Questions ? CONTACT INFORMATION BayCom Corp George J. Guarini, Founding Director and CEO 500 Ygnacio Valley Road Suite 200 Walnut Creek, CA 94596 gguarini@ubb-us.com 925.476.1800 Keary Colwell, Sr. Executive VP/CFO 500 Ygnacio Valley Road Suite 200 Walnut Creek, CA 94596 kcolwell@ubb-us.com 925.476.