Baycom Corp · NASDAQ:BCML
Baycom — Q4 2022 Earnings Presentation
21 slides from Baycom's earnings presentation, Dec 31, 2022
Slide 1: Investor Presentation Q4 2022
Investor Presentation Q4 2022 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 Baycom Baycom Baycom Business Bank, the “Bank” 3 Mo Ended 12 Mo Ended 12 Mo Ended Founded in 2004 and headquartered in Walnut Creek, 31-Dec 31-Dec Dec 31, California Description 2022 2022 20
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 four of its ten completed acquisitions with the other six having tangi
Slide 5: Experienced Leadership Team
Experienced Leadership Team Name / Title Experience Background George J. Guarini 34 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 institutions Chief
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 reduce cost
Slide 7: Key Highlights of Current Markets
Key Highlights of Current Markets: Bay Area, California Central Valley, California We serve the Sacramento-Roseville-Arden-Arcade MSA through Part of the San Francisco-Oakland-Hayward MSA and the San- one branch office Jose-Sunnyvale-Santa Clara MSA. Population of 4.7 million and a • Population
Slide 8: Recent Acquisitions
Recent Acquisitions Pacific Enterprise Grand Mountain Bancorp Bancshares Assets1 $446,135 $130,593 Deposits1 $376,685 $117,376 Purchase Price1 $64,415 $13,886 Consideration Stock Cash Price/LTM EPS2 9.6x 45.1x Price/TBV3 104.5% 126.2% EPS Accretion3 6.8% 5.9% Initial TBV Accretion(Dilution) 2 0.4% (
Slide 9: Loan Portfolio
Loan Portfolio $2.0 billion total loans (excluding loans held for sale) Loan Portfolio By Type as of Dec. 31, 2022 Approximately 34% of the loan portfolio is from the San Francisco Bay Area Average yield on total loans was 5.12% for Q4 2022 SBA Preferred Lender $34.0 million of SBA loans (
Slide 10: Allowance for Loan and Lease Losses
Allowance for Loan and Lease Losses $18.9 million total allowance for loans and leases 0.61% = Nonperforming assets / total assets 0.75% = Nonperforming loans / total loans $20.4 million = classified assets 0.94% = Allowance of loan and lease losses / total loans Commercial Construction Co
Slide 11: Deposit Portfolio Summary
Deposit Portfolio Summary At December 31, 2022: Deposit Composition as of Dec. 31, 2022 $2.1 billion total deposits Noninterest-bearing demand represents 37% of total deposits Interest bearing demand, savings and money market accounts represent 49% of total deposits Time deposits represent 1
Slide 12: Attractive Net Interest Spread
Attractive Net Interest Spread 12 Note: Data presented is annual data as of or for the year ended December 31 of each respective year.
Slide 13: Shareholder Tangible Book Value
Shareholder Tangible Book Value(1) During 2018, 2019, 2020 and 2022, the Company recorded $2.3, $6.6, $3.0 and $3.1 million, pre-tax merger expenses related to acquisitions, respectively. Note: Data is as of or for the year ended December 31 of each respective year. 13 (1) Tangible Book Value excl
Slide 14: Shareholder EPS
Shareholder EPS Note: Data is annual data for the year ended December 31 of each respective year. In 2022, there was a bargain purchase gain of $1.7 million and pretax merger related expenses of $3.1 million related to the PEB acquisition. In 2020, there was $3.0 million in pretax merger expenses re
Slide 15: Corporate History
Corporate History Consistent Asset Growth Supplemented By Acquisitions Acquired MyBank Acquired Acquired Consolidated First State Raised $16.8 Pacific San Jose Bank of million of Enterprise Branch Colorado common stock Bank Acquired Formed Bank Opened Bay from institutional Opened Community Holding
Slide 16: Demonstrated Track Record of Growth
Demonstrated Track Record of Growth Total Assets ($mm) Total Net Loans ($mm) Total Deposits ($mm) Net Income ($000) Note: Data is annual data as of or for the year ended December 31 of each respective year. 16
Slide 17: Strong Credit Quality
Strong Credit Quality Nonperforming Assets / Total Assets1 Allowance for Loan Losses / Total Loans Net Charge-Offs (Recoveries) Net Charge-Offs (Recoveries) / Average Loans Note: Data is annual data as of or for the year ended December 31 of each respective year. (1) Nonperforming assets consists of
Slide 18: Financial Performance Summary
Financial Performance Summary Return on Average Assets Return on Average Equity Efficiency Ratio1 Note: Data presented is Annual data for the year ended December 31 of each respective year. 18 (1) Calculated by dividing noninterest expense by the sum of net interest income before provision for loan
Slide 19: Appendix
Appendix 19
Slide 20: 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) 2018 2019 2020 2021 2022 Tangible Common Equity: Total Common Shareholders Equity $ 200,752 $ 254,220 $ 252,591 $ 262,607 $ 317,149 Adjustments: Goodwill (14,594) (35,466) (38,838) (38,838
Slide 21: 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/Director 500 Ygnacio Valley Road Suite 200 Walnut Creek, CA 94596 kcolwell@ubb-us.com