Baycom Corp · NASDAQ:BCML
Baycom — Investor Presentation (November 2022)
21 slides from Baycom's investor presentation, Nov 1, 2022
Slide 1: BayCom Corp Q3 2022
BAYCOM Ww CORP Z \)” Q3 2022 NASDAQ: BCML
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: Forward-looking statements on proposed PEB acquisition
Further, statements about the potential effects of the proposed acquisition of Pacific Enterprise Bancorp (“PEB”) on our busi ness, financial results, and condition may constitute forward-looking statements and are subject to the risk that the actual effects may differ, possibly materially, from wha
Slide 4: Additional Information about the Proposed Merger and Where to Find It
Additional Information about the Proposed Merger and Where to Find It. This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitatio n of any vote or approval. Investors and security holders are urged to carefully review the Company’s p
Slide 5: BayCom Corp – Who we are
BayCom Corp – Who we are ❑ BayCom Corp is the bank holding company for United Business Bank ▪ Founded the Bank in 2004 and headquartered in Walnut Creek, California Full service commercially-oriented community bank Serves small and mid-sized businesses, professionals and individuals ▪ ▪ ❑ 33 full-se
Slide 6: 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 nine completed acquisitions with the other six having tan
Slide 7: Experienced Leadership Team
Experienced Leadership Team 7 Name / Title Experience Background George J. Guarini President & Chief Executive Officer 33 years• President and Chief Executive Officer since the Bank began operations in 2004 Founding CEO • Held key executive and senior level management positions with national and reg
Slide 8: Disciplined Acquisition Strategy
Disciplined Acquisition Strategy ❑ Strategic consolidation of community banks ▪ ▪ ▪ ▪ ▪ ▪ Provides scale and operating efficiencies Adds experienced and knowledgeable banking talent Opportunity to improve concentration ratios Opportunity to reduce cost of funds Geographic diversification Adds portfo
Slide 9: Key Highlights of Current Markets
Key Highlights of Current Markets: ▪ Part of both the San Francisco-Oakland-Hayward MSA and the San-Jose-Sunnyvale-Santa Clara MSA ▪ We serve the Sacramento-Roseville-Arden-Arcade MSA through one branch office • Represents the second most populous area in California, and the 12th largest in the Unit
Slide 10: Pending and Recent Acquisitions
Pending and Recent Acquisitions (1) (2) (3) (4) (5) At announcement, for most recent quarter ended. In thousands. At announcement. In thousands. For Uniti transaction, includes the cash out of options. At announcement, for the most recent period ended. For the first full calendar year after close. B
Slide 11: Loan Portfolio
Loan Portfolio ❑ ❑ $1,645 million total loans (excluding loans held for sale) Approximately 32% of the loan portfolio is from the San Francisco Bay Area Average yield on total loans of 4.67% for nine months ended 9/30/2021 SBA Preferred Lender Construction and Land 1% Residential and Consumer 9% ❑ C
Slide 12: Allowance for Loan and Lease Losses
Allowance for Loan and Lease Losses ❑ ❑ ❑ ❑ ❑ $17.3 million total allowance for loans and leases 0.35% = Nonperforming assets / total assets 0.50% = Nonperforming loans / total loans $14MM = classified assets graded substandard or doubtful 1.05% = Allowance of loan and lease losses / total loans Not
Slide 13: Shareholder Tangible Book Value
BaYCOM Shareholder Tangible Book Value") Wyre N TBV / Share $25 $20.34 $20.64 $20 $18.19 si6.as $16.84 $15 $10 $5 $0 2018 2019 2020 2021 © Q32022 Q During 2018, 2019, 2020 and the nine months ended Sept. 30, 2022, the Company recorded $2.3, $6.6, $3.0 and $3.1 million, pre-tax merger expenses relate
Slide 14: Attractive Net Interest Spread
Attractive Net Interest Spread Cost of Average Interest-Bearing Liabilities 0.90% Yield on Interest Earning Assets 6.00% 5.00% 4.00% 4.77% 1.00% 4.59% 4.54% 4.27% 0.80% 3.00% 2.00% 0.60% 0.40% 1.00% 0.00% 0.20% 0.00% 2017 2018 2019 2020 YTD Q3 2021 2017 2018 2019 2020 YTD Q3 2021 Net Interest Spread
Slide 15: Shareholder Tangible Book Value
Shareholder Tangible Book Value TBV / Share $25 $20 $16.84 $16.45 $15 $10 $5 $0 2017 2018 2019 2020 Q3 2021 ❑ During 2017, 2018, 2019, and 2020, the Company recorded $3.5, $2.3, $6.6 and $3.0 million, pre -tax, of merger expenses related to acquisitions respectively. In 2017, the Company recorded ad
Slide 16: Shareholder EPS
Shareholder EPS Diluted EPS $1.60 $1.40 $1.20 $1.00 $0.80 $0.60 $0.40 $0.20 $-2017 2018 2019 2020 YTD Q3 2021 Note: Annual data is for the year ended December 31 of each respective year. Q3 2021 data is for the nine months ended Sept 30, 2021. In 2020, there was $3.0 million in pre-tax merger expens
Slide 17: Corporate History
Corporate History Consistent Asset Growth Supplemented By Acquisitions million of Uniti Bank 2004 - 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 IPO and Listing 17 Acquired Plaza Bank Acquired Grand Mountain Bank (GMB) Renamed Bay Commercial Bank as United Business Bank Completed
Slide 18: Demonstrated Track Record of Growth
Demonstrated Track Record of Growth $2,500 $1,800 $1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $0 $2,000 $1,500 $1,000 $500 $0 2017 2018 2019 2020 Q3 2021 2017 2018 2019 2020 Q3 2021 $2,500 $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0 $2,000 $1,701 $1,500 $1,104
Slide 19: Strong Credit Quality
Strong Credit Quality 0.45% 0.40% 0.35% 0.30% 0.25% 0.20% 0.15% 0.10% 0.05% 0.00% 1.20% 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% 2017 2018 2019 2020 Q3 2021 2017 2018 2019 2020 Q3 2021 $1,000 $800 0.10% 0.12% 0.10% 0.08% 0.06% 0.04% 0.02% 0.00% -0.02% $600 $400 $200 0.01% $0 ($200) 2017 2018 2019 2020 Q3
Slide 20: Financial Performance Summary
Financial Performance Summary 8.48% 1.20% 9.00% 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% 1.00% 0.80% 0.60% 0.40% 0.20% 2017 2018 2019 2020 YTD Q3 2021 0.00% 2017 2018 2019 2020 YTD Q3 2021 67.34% 67.21% 68.00% 67.00% 66.00% 65.00% 64.00% 63.00% 62.00% 61.00% 60.00% 59.00% 66.51% 66.40%
Slide 21: Questions? Contact Information
BAYCOM \yy Corr N 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 k