Annual Income Statements for Bay Commercial Bank
This table shows Bay Commercial Bank's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Bay Commercial Bank
This table shows Bay Commercial Bank's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
6.97 |
7.62 |
7.19 |
7.21 |
6.63 |
6.40 |
5.88 |
5.60 |
6.02 |
6.12 |
Consolidated Net Income / (Loss) |
|
6.97 |
7.62 |
7.19 |
7.21 |
6.63 |
6.40 |
5.88 |
5.60 |
6.02 |
6.12 |
Net Income / (Loss) Continuing Operations |
|
6.97 |
7.62 |
7.19 |
7.21 |
6.63 |
6.40 |
5.88 |
5.60 |
6.02 |
6.12 |
Total Pre-Tax Income |
|
9.82 |
10 |
10 |
10 |
9.27 |
8.80 |
8.15 |
7.60 |
8.29 |
8.09 |
Total Revenue |
|
27 |
27 |
27 |
25 |
26 |
26 |
24 |
24 |
26 |
24 |
Net Interest Income / (Expense) |
|
25 |
26 |
25 |
24 |
25 |
24 |
22 |
22 |
23 |
24 |
Total Interest Income |
|
27 |
30 |
30 |
31 |
33 |
32 |
32 |
32 |
33 |
34 |
Loans and Leases Interest Income |
|
24 |
26 |
26 |
27 |
27 |
26 |
26 |
25 |
26 |
28 |
Investment Securities Interest Income |
|
1.68 |
1.76 |
1.78 |
1.84 |
1.85 |
2.10 |
2.10 |
2.33 |
2.54 |
2.60 |
Deposits and Money Market Investments Interest Income |
|
1.29 |
- |
1.83 |
2.56 |
3.52 |
3.68 |
4.12 |
4.82 |
4.41 |
3.73 |
Total Interest Expense |
|
2.41 |
3.04 |
4.80 |
6.98 |
8.02 |
8.66 |
9.34 |
10 |
11 |
11 |
Deposits Interest Expense |
|
1.39 |
1.96 |
3.70 |
5.88 |
6.91 |
7.55 |
8.23 |
9.00 |
9.45 |
9.46 |
Short-Term Borrowings Interest Expense |
|
0.13 |
0.18 |
0.20 |
0.20 |
0.22 |
0.22 |
0.22 |
0.22 |
0.22 |
0.21 |
Long-Term Debt Interest Expense |
|
0.90 |
0.90 |
0.90 |
0.90 |
0.90 |
0.90 |
0.89 |
0.89 |
0.89 |
0.89 |
Total Non-Interest Income |
|
2.38 |
0.91 |
1.56 |
1.09 |
1.65 |
2.68 |
2.06 |
1.48 |
2.75 |
0.09 |
Other Service Charges |
|
0.71 |
3.24 |
0.67 |
0.83 |
0.70 |
0.74 |
0.68 |
0.71 |
0.68 |
0.70 |
Net Realized & Unrealized Capital Gains on Investments |
|
0.92 |
-0.57 |
-0.48 |
-0.85 |
-0.25 |
0.95 |
0.57 |
-0.03 |
1.42 |
-1.21 |
Investment Banking Income |
|
-0.06 |
-0.23 |
0.49 |
0.23 |
0.23 |
0.16 |
-0.03 |
0.07 |
-0.25 |
-0.29 |
Other Non-Interest Income |
|
0.82 |
- |
0.89 |
0.88 |
0.97 |
0.83 |
0.84 |
0.73 |
0.90 |
0.88 |
Provision for Credit Losses |
|
1.19 |
0.62 |
0.28 |
-1.26 |
0.67 |
2.33 |
0.25 |
0.17 |
1.25 |
-0.40 |
Total Non-Interest Expense |
|
16 |
16 |
17 |
17 |
17 |
15 |
16 |
16 |
16 |
16 |
Salaries and Employee Benefits |
|
10 |
11 |
11 |
11 |
10 |
8.94 |
10 |
9.64 |
9.57 |
9.66 |
Net Occupancy & Equipment Expense |
|
3.61 |
3.46 |
3.49 |
3.59 |
3.91 |
3.79 |
3.91 |
3.78 |
4.18 |
4.08 |
Other Operating Expenses |
|
2.33 |
2.12 |
2.00 |
2.22 |
2.33 |
2.35 |
2.13 |
2.59 |
2.32 |
2.24 |
Income Tax Expense |
|
2.85 |
2.83 |
2.82 |
2.86 |
2.64 |
2.41 |
2.27 |
2.00 |
2.27 |
1.97 |
Basic Earnings per Share |
|
$0.52 |
$0.59 |
$0.57 |
$0.59 |
$0.56 |
$0.55 |
$0.51 |
$0.50 |
$0.54 |
$0.55 |
Weighted Average Basic Shares Outstanding |
|
13.31M |
13.12M |
12.70M |
12.23M |
11.81M |
12.07M |
11.53M |
11.25M |
11.15M |
11.26M |
Diluted Earnings per Share |
|
$0.52 |
$0.59 |
$0.57 |
$0.59 |
$0.56 |
$0.55 |
$0.51 |
$0.50 |
$0.54 |
$0.55 |
Weighted Average Diluted Shares Outstanding |
|
13.31M |
13.12M |
12.70M |
12.23M |
11.81M |
12.07M |
11.53M |
11.25M |
11.15M |
11.26M |
Weighted Average Basic & Diluted Shares Outstanding |
|
12.99M |
12.46M |
12.31M |
11.83M |
11.55M |
11.47M |
11.25M |
11.16M |
11.12M |
11.13M |
Annual Cash Flow Statements for Bay Commercial Bank
This table details how cash moves in and out of Bay Commercial Bank's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
-203 |
131 |
56 |
Net Cash From Operating Activities |
40 |
31 |
30 |
Net Cash From Continuing Operating Activities |
40 |
31 |
30 |
Net Income / (Loss) Continuing Operations |
24 |
27 |
24 |
Consolidated Net Income / (Loss) |
24 |
27 |
24 |
Provision For Loan Losses |
4.44 |
2.02 |
1.27 |
Depreciation Expense |
1.98 |
1.68 |
2.05 |
Amortization Expense |
2.64 |
0.75 |
1.29 |
Non-Cash Adjustments to Reconcile Net Income |
7.95 |
2.88 |
1.33 |
Changes in Operating Assets and Liabilities, net |
-0.75 |
-3.95 |
0.82 |
Net Cash From Investing Activities |
54 |
80 |
-62 |
Net Cash From Continuing Investing Activities |
54 |
80 |
-62 |
Purchase of Property, Leasehold Improvements and Equipment |
-0.84 |
-2.12 |
-1.70 |
Purchase of Investment Securities |
-44 |
-44 |
-136 |
Divestitures |
18 |
0.00 |
0.00 |
Sale and/or Maturity of Investments |
12 |
13 |
29 |
Other Investing Activities, net |
68 |
114 |
46 |
Net Cash From Financing Activities |
-296 |
20 |
88 |
Net Cash From Continuing Financing Activities |
-296 |
20 |
88 |
Net Change in Deposits |
-276 |
47 |
101 |
Repayment of Debt |
0.00 |
0.00 |
-0.32 |
Repurchase of Common Equity |
-18 |
-24 |
-9.25 |
Payment of Dividends |
-2.02 |
-3.64 |
-3.38 |
Cash Interest Paid |
10 |
27 |
41 |
Cash Income Taxes Paid |
7.65 |
12 |
6.50 |
Quarterly Cash Flow Statements for Bay Commercial Bank
This table details how cash moves in and out of Bay Commercial Bank's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
-130 |
-48 |
21 |
53 |
52 |
5.61 |
41 |
43 |
-90 |
63 |
Net Cash From Operating Activities |
|
12 |
16 |
8.19 |
12 |
2.60 |
8.41 |
5.08 |
7.67 |
9.62 |
7.99 |
Net Cash From Continuing Operating Activities |
|
12 |
16 |
8.19 |
12 |
2.60 |
8.41 |
5.08 |
7.67 |
9.62 |
7.99 |
Net Income / (Loss) Continuing Operations |
|
6.97 |
7.62 |
7.19 |
7.21 |
6.63 |
6.40 |
5.88 |
5.60 |
6.02 |
6.12 |
Consolidated Net Income / (Loss) |
|
6.97 |
7.62 |
7.19 |
7.21 |
6.63 |
6.40 |
5.88 |
5.60 |
6.02 |
6.12 |
Provision For Loan Losses |
|
1.19 |
0.62 |
0.28 |
-1.26 |
0.67 |
2.33 |
0.25 |
0.17 |
1.25 |
-0.40 |
Depreciation Expense |
|
0.49 |
0.48 |
0.45 |
0.43 |
0.38 |
0.41 |
0.49 |
0.52 |
0.53 |
0.51 |
Amortization Expense |
|
0.68 |
0.66 |
0.48 |
0.42 |
0.37 |
-0.53 |
0.34 |
0.33 |
0.26 |
0.35 |
Non-Cash Adjustments to Reconcile Net Income |
|
3.42 |
2.17 |
3.50 |
-0.57 |
-1.42 |
1.37 |
1.45 |
1.19 |
0.02 |
-1.32 |
Changes in Operating Assets and Liabilities, net |
|
-0.49 |
4.69 |
-3.71 |
5.38 |
-4.04 |
-1.57 |
-3.33 |
-0.14 |
1.55 |
2.73 |
Net Cash From Investing Activities |
|
5.79 |
-29 |
-21 |
31 |
42 |
28 |
31 |
8.39 |
-59 |
-43 |
Net Cash From Continuing Investing Activities |
|
5.79 |
-29 |
-21 |
31 |
42 |
28 |
31 |
8.39 |
-59 |
-43 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-0.27 |
-0.24 |
-0.15 |
-0.02 |
-0.53 |
-1.42 |
-1.14 |
-0.25 |
-0.26 |
-0.06 |
Purchase of Investment Securities |
|
1.98 |
-98 |
-22 |
19 |
-3.96 |
-37 |
29 |
-55 |
-12 |
-97 |
Sale and/or Maturity of Investments |
|
4.08 |
2.08 |
1.17 |
13 |
-6.90 |
5.74 |
3.27 |
64 |
-47 |
8.49 |
Other Investing Activities, net |
|
- |
- |
- |
- |
- |
60 |
- |
- |
- |
46 |
Net Cash From Financing Activities |
|
-148 |
-35 |
34 |
9.59 |
6.66 |
-30 |
4.69 |
27 |
-41 |
98 |
Net Cash From Continuing Financing Activities |
|
-148 |
-35 |
34 |
9.59 |
6.66 |
-30 |
4.69 |
27 |
-41 |
98 |
Net Change in Deposits |
|
-139 |
-30 |
42 |
19 |
12 |
-27 |
10 |
32 |
-39 |
98 |
Repurchase of Common Equity |
|
-7.83 |
-4.42 |
-8.07 |
-9.09 |
-4.52 |
-2.44 |
-4.00 |
-4.13 |
-1.08 |
-0.03 |
Payment of Dividends |
|
-0.68 |
-0.66 |
-0.64 |
-0.62 |
-1.20 |
-1.18 |
-1.16 |
-1.16 |
-1.12 |
0.06 |
Cash Interest Paid |
|
3.35 |
1.95 |
5.11 |
5.47 |
8.25 |
8.13 |
9.67 |
9.25 |
11 |
11 |
Cash Income Taxes Paid |
|
3.07 |
1.75 |
0.01 |
-0.00 |
2.88 |
9.27 |
0.00 |
3.89 |
1.42 |
1.19 |
Annual Balance Sheets for Bay Commercial Bank
This table presents Bay Commercial Bank's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Total Assets |
2,513 |
2,552 |
2,665 |
Cash and Due from Banks |
27 |
18 |
23 |
Federal Funds Sold |
150 |
290 |
341 |
Interest Bearing Deposits at Other Banks |
2.24 |
1.25 |
0.25 |
Trading Account Securities |
168 |
176 |
206 |
Loans and Leases, Net of Allowance |
0.00 |
1,906 |
1,935 |
Loans Held for Sale |
2,005 |
0.00 |
2.22 |
Premises and Equipment, Net |
13 |
14 |
13 |
Goodwill |
39 |
39 |
39 |
Intangible Assets |
5.20 |
3.92 |
2.69 |
Other Assets |
105 |
105 |
102 |
Total Liabilities & Shareholders' Equity |
2,513 |
2,552 |
2,665 |
Total Liabilities |
2,196 |
2,239 |
2,340 |
Non-Interest Bearing Deposits |
2,085 |
2,133 |
2,234 |
Long-Term Debt |
72 |
72 |
72 |
Other Long-Term Liabilities |
39 |
34 |
34 |
Commitments & Contingencies |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
317 |
313 |
324 |
Total Preferred & Common Equity |
317 |
313 |
324 |
Preferred Stock |
0.00 |
0.00 |
0.00 |
Total Common Equity |
317 |
313 |
324 |
Common Stock |
205 |
181 |
173 |
Retained Earnings |
124 |
146 |
165 |
Accumulated Other Comprehensive Income / (Loss) |
-12 |
-15 |
-13 |
Quarterly Balance Sheets for Bay Commercial Bank
This table presents Bay Commercial Bank's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
2,534 |
2,548 |
2,567 |
2,574 |
2,561 |
2,594 |
2,562 |
Cash and Due from Banks |
|
32 |
29 |
37 |
30 |
20 |
23 |
26 |
Federal Funds Sold |
|
192 |
169 |
214 |
271 |
328 |
368 |
276 |
Interest Bearing Deposits at Other Banks |
|
2.49 |
- |
1.99 |
1.74 |
1.00 |
0.75 |
0.50 |
Trading Account Securities |
|
167 |
165 |
158 |
157 |
181 |
196 |
208 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
1,994 |
1,949 |
1,868 |
1,845 |
1,894 |
Loans Held for Sale |
|
3.49 |
0.00 |
0.00 |
1.27 |
1.68 |
- |
2.25 |
Premises and Equipment, Net |
|
14 |
13 |
13 |
13 |
14 |
14 |
14 |
Goodwill |
|
39 |
39 |
39 |
39 |
39 |
39 |
39 |
Intangible Assets |
|
5.72 |
4.83 |
4.53 |
4.22 |
3.61 |
3.30 |
3.00 |
Other Assets |
|
2,078 |
2,126 |
106 |
106 |
104 |
104 |
101 |
Total Liabilities & Shareholders' Equity |
|
2,534 |
2,548 |
2,567 |
2,574 |
2,561 |
2,594 |
2,562 |
Total Liabilities |
|
2,220 |
2,235 |
2,260 |
2,267 |
2,246 |
2,279 |
2,241 |
Non-Interest Bearing Deposits |
|
2,115 |
2,128 |
2,147 |
2,159 |
2,143 |
2,175 |
2,136 |
Long-Term Debt |
|
72 |
72 |
72 |
72 |
72 |
72 |
72 |
Other Long-Term Liabilities |
|
33 |
35 |
41 |
35 |
31 |
31 |
32 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
314 |
313 |
307 |
307 |
314 |
315 |
322 |
Total Preferred & Common Equity |
|
314 |
313 |
307 |
307 |
314 |
315 |
322 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
314 |
313 |
307 |
307 |
314 |
315 |
322 |
Common Stock |
|
209 |
197 |
188 |
183 |
177 |
173 |
172 |
Retained Earnings |
|
117 |
130 |
136 |
141 |
151 |
155 |
160 |
Accumulated Other Comprehensive Income / (Loss) |
|
-12 |
-13 |
-16 |
-17 |
-14 |
-14 |
-11 |
Annual Metrics And Ratios for Bay Commercial Bank
This table displays calculated financial ratios and metrics derived from Bay Commercial Bank's official financial filings.
Metric |
2022 |
2023 |
2024 |
Growth Metrics |
- |
- |
- |
Revenue Growth |
22.29% |
1.98% |
-6.99% |
EBITDA Growth |
12.83% |
9.54% |
-12.65% |
EBIT Growth |
13.90% |
17.63% |
-15.82% |
NOPAT Growth |
14.69% |
15.57% |
-13.90% |
Net Income Growth |
14.69% |
15.57% |
-13.90% |
EPS Growth |
-4.74% |
25.41% |
-7.49% |
Operating Cash Flow Growth |
279.83% |
-22.24% |
-1.44% |
Free Cash Flow Firm Growth |
-301.39% |
201.26% |
-61.27% |
Invested Capital Growth |
16.38% |
-1.03% |
2.97% |
Revenue Q/Q Growth |
5.77% |
-1.11% |
-2.54% |
EBITDA Q/Q Growth |
8.95% |
-6.65% |
-1.72% |
EBIT Q/Q Growth |
9.94% |
-4.14% |
-2.18% |
NOPAT Q/Q Growth |
10.14% |
-4.28% |
-1.16% |
Net Income Q/Q Growth |
10.14% |
-4.28% |
-1.16% |
EPS Q/Q Growth |
5.23% |
-1.73% |
0.00% |
Operating Cash Flow Q/Q Growth |
37.57% |
-19.47% |
-1.37% |
Free Cash Flow Firm Q/Q Growth |
13.33% |
-11.51% |
27.76% |
Invested Capital Q/Q Growth |
0.73% |
1.49% |
0.70% |
Profitability Metrics |
- |
- |
- |
EBITDA Margin |
36.04% |
38.71% |
36.35% |
EBIT Margin |
31.55% |
36.39% |
32.94% |
Profit (Net Income) Margin |
23.08% |
26.16% |
24.22% |
Tax Burden Percent |
73.15% |
71.87% |
73.52% |
Interest Burden Percent |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
26.85% |
28.13% |
26.48% |
Return on Invested Capital (ROIC) |
6.56% |
7.08% |
6.04% |
ROIC Less NNEP Spread (ROIC-NNEP) |
6.56% |
7.08% |
6.04% |
Return on Net Nonoperating Assets (RNNOA) |
1.63% |
1.63% |
1.37% |
Return on Equity (ROE) |
8.19% |
8.71% |
7.41% |
Cash Return on Invested Capital (CROIC) |
-8.58% |
8.12% |
3.12% |
Operating Return on Assets (OROA) |
1.33% |
1.51% |
1.23% |
Return on Assets (ROA) |
0.98% |
1.08% |
0.91% |
Return on Common Equity (ROCE) |
8.19% |
8.71% |
7.41% |
Return on Equity Simple (ROE_SIMPLE) |
7.48% |
8.77% |
7.28% |
Net Operating Profit after Tax (NOPAT) |
24 |
27 |
24 |
NOPAT Margin |
23.08% |
26.16% |
24.22% |
Net Nonoperating Expense Percent (NNEP) |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
54.30% |
53.20% |
56.25% |
Operating Expenses to Revenue |
64.13% |
61.69% |
65.77% |
Earnings before Interest and Taxes (EBIT) |
32 |
38 |
32 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
37 |
41 |
35 |
Valuation Ratios |
- |
- |
- |
Price to Book Value (P/BV) |
0.74 |
0.84 |
0.91 |
Price to Tangible Book Value (P/TBV) |
0.86 |
0.98 |
1.05 |
Price to Revenue (P/Rev) |
2.28 |
2.52 |
3.04 |
Price to Earnings (P/E) |
9.87 |
9.64 |
12.57 |
Dividend Yield |
1.11% |
1.75% |
2.06% |
Earnings Yield |
10.14% |
10.38% |
7.96% |
Enterprise Value to Invested Capital (EV/IC) |
0.33 |
0.07 |
0.01 |
Enterprise Value to Revenue (EV/Rev) |
1.24 |
0.27 |
0.05 |
Enterprise Value to EBITDA (EV/EBITDA) |
3.43 |
0.69 |
0.14 |
Enterprise Value to EBIT (EV/EBIT) |
3.92 |
0.73 |
0.15 |
Enterprise Value to NOPAT (EV/NOPAT) |
5.36 |
1.02 |
0.20 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
3.21 |
0.91 |
0.16 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
0.00 |
0.89 |
0.40 |
Leverage & Solvency |
- |
- |
- |
Debt to Equity |
0.23 |
0.23 |
0.22 |
Long-Term Debt to Equity |
0.23 |
0.23 |
0.22 |
Financial Leverage |
0.25 |
0.23 |
0.23 |
Leverage Ratio |
8.39 |
8.04 |
8.19 |
Compound Leverage Factor |
8.39 |
8.04 |
8.19 |
Debt to Total Capital |
18.54% |
18.80% |
18.24% |
Short-Term Debt to Total Capital |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
18.54% |
18.80% |
18.24% |
Preferred Equity to Total Capital |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
81.46% |
81.20% |
81.76% |
Debt to EBITDA |
1.95 |
1.79 |
2.04 |
Net Debt to EBITDA |
-2.88 |
-5.82 |
-8.23 |
Long-Term Debt to EBITDA |
1.95 |
1.79 |
2.04 |
Debt to NOPAT |
3.04 |
2.64 |
3.07 |
Net Debt to NOPAT |
-4.50 |
-8.62 |
-12.36 |
Long-Term Debt to NOPAT |
3.04 |
2.64 |
3.07 |
Noncontrolling Interest Sharing Ratio |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
- |
- |
- |
Cash Flow Metrics |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
-31 |
31 |
12 |
Operating Cash Flow to CapEx |
4,698.93% |
1,450.87% |
1,784.66% |
Free Cash Flow to Firm to Interest Expense |
-3.00 |
1.11 |
0.30 |
Operating Cash Flow to Interest Expense |
3.83 |
1.08 |
0.75 |
Operating Cash Flow Less CapEx to Interest Expense |
3.75 |
1.01 |
0.71 |
Efficiency Ratios |
- |
- |
- |
Asset Turnover |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
7.44 |
7.76 |
7.19 |
Capital & Investment Metrics |
- |
- |
- |
Invested Capital |
389 |
385 |
397 |
Invested Capital Turnover |
0.28 |
0.27 |
0.25 |
Increase / (Decrease) in Invested Capital |
55 |
-4.03 |
11 |
Enterprise Value (EV) |
127 |
28 |
4.82 |
Market Capitalization |
234 |
264 |
297 |
Book Value per Share |
$24.42 |
$27.09 |
$29.17 |
Tangible Book Value per Share |
$21.03 |
$23.38 |
$25.43 |
Total Capital |
389 |
385 |
397 |
Total Debt |
72 |
72 |
72 |
Total Long-Term Debt |
72 |
72 |
72 |
Net Debt |
-107 |
-236 |
-292 |
Capital Expenditures (CapEx) |
0.84 |
2.12 |
1.70 |
Net Nonoperating Expense (NNE) |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
72 |
72 |
72 |
Total Depreciation and Amortization (D&A) |
4.61 |
2.43 |
3.33 |
Earnings Adjustments |
- |
- |
- |
Adjusted Basic Earnings per Share |
$0.00 |
$2.27 |
$2.10 |
Adjusted Weighted Average Basic Shares Outstanding |
0.00 |
12.07M |
11.26M |
Adjusted Diluted Earnings per Share |
$0.00 |
$2.27 |
$2.10 |
Adjusted Weighted Average Diluted Shares Outstanding |
0.00 |
12.07M |
11.26M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
0.00 |
11.47M |
11.13M |
Normalized Net Operating Profit after Tax (NOPAT) |
24 |
27 |
24 |
Normalized NOPAT Margin |
23.08% |
26.16% |
24.22% |
Pre Tax Income Margin |
31.55% |
36.39% |
32.94% |
Debt Service Ratios |
- |
- |
- |
EBIT to Interest Expense |
3.13 |
1.34 |
0.79 |
NOPAT to Interest Expense |
2.29 |
0.96 |
0.58 |
EBIT Less CapEx to Interest Expense |
3.05 |
1.27 |
0.75 |
NOPAT Less CapEx to Interest Expense |
2.21 |
0.89 |
0.54 |
Payout Ratios |
- |
- |
- |
Dividend Payout Ratio |
8.51% |
13.26% |
14.29% |
Augmented Payout Ratio |
84.19% |
101.19% |
53.45% |
Quarterly Metrics And Ratios for Bay Commercial Bank
This table displays calculated financial ratios and metrics derived from Bay Commercial Bank's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
24.64% |
25.75% |
7.34% |
8.65% |
-2.38% |
-4.28% |
-8.76% |
-6.26% |
-3.22% |
-9.70% |
EBITDA Growth |
|
28.32% |
35.66% |
40.84% |
62.75% |
-8.70% |
-24.98% |
-18.00% |
-22.64% |
-9.46% |
2.96% |
EBIT Growth |
|
32.81% |
38.99% |
50.45% |
82.63% |
-5.57% |
-15.76% |
-18.65% |
-24.58% |
-10.56% |
-8.13% |
NOPAT Growth |
|
28.79% |
40.17% |
37.52% |
84.44% |
-4.88% |
-16.08% |
-18.27% |
-22.29% |
-9.25% |
-4.35% |
Net Income Growth |
|
28.79% |
40.17% |
37.52% |
84.44% |
-4.88% |
-16.08% |
-18.27% |
-22.29% |
-9.25% |
-4.35% |
EPS Growth |
|
1.96% |
18.00% |
39.02% |
103.45% |
7.69% |
-6.78% |
-10.53% |
-15.25% |
-3.57% |
0.00% |
Operating Cash Flow Growth |
|
497.50% |
214.73% |
187.70% |
34.04% |
-78.75% |
-46.97% |
-37.92% |
-33.90% |
269.35% |
-5.01% |
Free Cash Flow Firm Growth |
|
-480.45% |
-27,523.26% |
130.14% |
131.85% |
126.82% |
122.11% |
-71.43% |
-112.62% |
-161.67% |
-150.94% |
Invested Capital Growth |
|
17.43% |
16.38% |
-2.76% |
-3.39% |
-1.78% |
-1.03% |
0.18% |
2.16% |
3.78% |
2.97% |
Revenue Q/Q Growth |
|
16.10% |
0.99% |
-2.04% |
-5.41% |
4.32% |
-0.98% |
-6.62% |
-2.82% |
7.70% |
-7.61% |
EBITDA Q/Q Growth |
|
63.71% |
5.46% |
-5.47% |
-0.27% |
-8.17% |
-13.33% |
-6.15% |
-5.91% |
7.47% |
-1.44% |
EBIT Q/Q Growth |
|
78.04% |
6.46% |
-4.18% |
0.56% |
-7.94% |
-5.03% |
-7.47% |
-6.76% |
9.16% |
-2.45% |
NOPAT Q/Q Growth |
|
78.40% |
9.38% |
-5.68% |
0.21% |
-7.99% |
-3.50% |
-8.14% |
-4.71% |
7.45% |
1.71% |
Net Income Q/Q Growth |
|
78.40% |
9.38% |
-5.68% |
0.21% |
-7.99% |
-3.50% |
-8.14% |
-4.71% |
7.45% |
1.71% |
EPS Q/Q Growth |
|
79.31% |
13.46% |
-3.39% |
3.51% |
-5.08% |
-1.79% |
-7.27% |
-1.96% |
8.00% |
1.85% |
Operating Cash Flow Q/Q Growth |
|
41.59% |
29.38% |
-48.36% |
41.68% |
-77.55% |
222.93% |
-39.55% |
50.86% |
25.43% |
-16.95% |
Free Cash Flow Firm Q/Q Growth |
|
21.66% |
6.44% |
138.42% |
13.11% |
-34.02% |
-22.89% |
-50.34% |
-149.96% |
-222.38% |
36.31% |
Invested Capital Q/Q Growth |
|
-1.55% |
0.73% |
-0.93% |
-1.66% |
0.08% |
1.49% |
0.29% |
0.28% |
1.67% |
0.70% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
40.52% |
42.31% |
40.83% |
43.04% |
37.89% |
33.16% |
36.69% |
35.52% |
35.45% |
37.81% |
EBIT Margin |
|
36.22% |
38.18% |
37.34% |
39.70% |
35.03% |
33.60% |
33.29% |
31.94% |
32.37% |
34.18% |
Profit (Net Income) Margin |
|
25.71% |
27.85% |
26.81% |
28.41% |
25.05% |
24.42% |
24.02% |
23.55% |
23.49% |
25.87% |
Tax Burden Percent |
|
71.00% |
72.95% |
71.81% |
71.56% |
71.52% |
72.67% |
72.15% |
73.73% |
72.57% |
75.67% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
29.00% |
27.05% |
28.19% |
28.44% |
28.48% |
27.33% |
27.85% |
26.27% |
27.43% |
24.33% |
Return on Invested Capital (ROIC) |
|
6.98% |
7.91% |
7.17% |
7.85% |
6.93% |
6.61% |
6.38% |
6.20% |
6.08% |
6.45% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
6.98% |
7.91% |
7.17% |
7.85% |
6.93% |
6.61% |
6.38% |
6.20% |
6.08% |
6.45% |
Return on Net Nonoperating Assets (RNNOA) |
|
1.76% |
1.97% |
1.62% |
1.81% |
1.61% |
1.52% |
1.47% |
1.44% |
1.40% |
1.47% |
Return on Equity (ROE) |
|
8.74% |
9.88% |
8.79% |
9.66% |
8.55% |
8.13% |
7.84% |
7.64% |
7.48% |
7.92% |
Cash Return on Invested Capital (CROIC) |
|
-10.02% |
-8.58% |
9.36% |
10.95% |
9.28% |
8.12% |
6.58% |
4.26% |
2.47% |
3.12% |
Operating Return on Assets (OROA) |
|
1.44% |
1.61% |
1.47% |
1.61% |
1.45% |
1.39% |
1.34% |
1.25% |
1.26% |
1.28% |
Return on Assets (ROA) |
|
1.02% |
1.18% |
1.06% |
1.16% |
1.04% |
1.01% |
0.96% |
0.92% |
0.92% |
0.97% |
Return on Common Equity (ROCE) |
|
8.74% |
9.88% |
8.79% |
9.66% |
8.55% |
8.13% |
7.84% |
7.64% |
7.48% |
7.92% |
Return on Equity Simple (ROE_SIMPLE) |
|
6.85% |
0.00% |
8.20% |
9.44% |
9.32% |
0.00% |
8.31% |
7.77% |
7.43% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
6.97 |
7.62 |
7.19 |
7.21 |
6.63 |
6.40 |
5.88 |
5.60 |
6.02 |
6.12 |
NOPAT Margin |
|
25.71% |
27.85% |
26.81% |
28.41% |
25.05% |
24.42% |
24.02% |
23.55% |
23.49% |
25.87% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
50.80% |
51.84% |
54.17% |
56.51% |
53.63% |
48.57% |
56.98% |
56.46% |
53.69% |
58.05% |
Operating Expenses to Revenue |
|
59.38% |
59.57% |
61.63% |
65.27% |
62.42% |
57.52% |
65.68% |
67.34% |
62.76% |
67.52% |
Earnings before Interest and Taxes (EBIT) |
|
9.82 |
10 |
10 |
10 |
9.27 |
8.80 |
8.15 |
7.60 |
8.29 |
8.09 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
11 |
12 |
11 |
11 |
10 |
8.69 |
8.98 |
8.45 |
9.08 |
8.95 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.72 |
0.74 |
0.66 |
0.65 |
0.72 |
0.84 |
0.75 |
0.73 |
0.82 |
0.91 |
Price to Tangible Book Value (P/TBV) |
|
0.84 |
0.86 |
0.76 |
0.76 |
0.84 |
0.98 |
0.87 |
0.84 |
0.95 |
1.05 |
Price to Revenue (P/Rev) |
|
2.32 |
2.28 |
1.97 |
1.88 |
2.09 |
2.52 |
2.29 |
2.27 |
2.64 |
3.04 |
Price to Earnings (P/E) |
|
10.47 |
9.87 |
8.03 |
6.91 |
7.74 |
9.64 |
9.01 |
9.34 |
11.08 |
12.57 |
Dividend Yield |
|
0.89% |
1.11% |
1.51% |
1.84% |
1.87% |
1.75% |
2.44% |
2.46% |
2.11% |
2.06% |
Earnings Yield |
|
9.55% |
10.14% |
12.46% |
14.48% |
12.91% |
10.38% |
11.10% |
10.71% |
9.03% |
7.96% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.18 |
0.33 |
0.20 |
0.05 |
0.00 |
0.07 |
0.00 |
0.00 |
0.09 |
0.01 |
Enterprise Value to Revenue (EV/Rev) |
|
0.73 |
1.24 |
0.75 |
0.19 |
0.00 |
0.27 |
0.00 |
0.00 |
0.35 |
0.05 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
2.07 |
3.43 |
1.96 |
0.46 |
0.00 |
0.69 |
0.00 |
0.00 |
0.97 |
0.14 |
Enterprise Value to EBIT (EV/EBIT) |
|
2.39 |
3.92 |
2.20 |
0.51 |
0.00 |
0.73 |
0.00 |
0.00 |
1.07 |
0.15 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
3.27 |
5.36 |
3.07 |
0.70 |
0.00 |
1.02 |
0.00 |
0.00 |
1.47 |
0.20 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
2.45 |
3.21 |
1.75 |
0.43 |
0.00 |
0.91 |
0.00 |
0.00 |
1.14 |
0.16 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
2.15 |
0.48 |
0.00 |
0.89 |
0.00 |
0.00 |
3.69 |
0.40 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.23 |
0.23 |
0.23 |
0.24 |
0.24 |
0.23 |
0.23 |
0.23 |
0.22 |
0.22 |
Long-Term Debt to Equity |
|
0.23 |
0.23 |
0.23 |
0.24 |
0.24 |
0.23 |
0.23 |
0.23 |
0.22 |
0.22 |
Financial Leverage |
|
0.25 |
0.25 |
0.23 |
0.23 |
0.23 |
0.23 |
0.23 |
0.23 |
0.23 |
0.23 |
Leverage Ratio |
|
8.57 |
8.39 |
8.31 |
8.36 |
8.22 |
8.04 |
8.14 |
8.29 |
8.17 |
8.19 |
Compound Leverage Factor |
|
8.57 |
8.39 |
8.31 |
8.36 |
8.22 |
8.04 |
8.14 |
8.29 |
8.17 |
8.19 |
Debt to Total Capital |
|
18.66% |
18.54% |
18.73% |
19.07% |
19.07% |
18.80% |
18.68% |
18.65% |
18.36% |
18.24% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
18.66% |
18.54% |
18.73% |
19.07% |
19.07% |
18.80% |
18.68% |
18.65% |
18.36% |
18.24% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
81.34% |
81.46% |
81.27% |
80.94% |
80.93% |
81.20% |
81.32% |
81.35% |
81.64% |
81.76% |
Debt to EBITDA |
|
2.12 |
1.95 |
1.80 |
1.63 |
1.66 |
1.79 |
1.83 |
1.95 |
2.01 |
2.04 |
Net Debt to EBITDA |
|
-4.56 |
-2.88 |
-3.17 |
-4.05 |
-5.32 |
-5.82 |
-7.02 |
-8.64 |
-6.36 |
-8.23 |
Long-Term Debt to EBITDA |
|
2.12 |
1.95 |
1.80 |
1.63 |
1.66 |
1.79 |
1.83 |
1.95 |
2.01 |
2.04 |
Debt to NOPAT |
|
3.35 |
3.04 |
2.81 |
2.49 |
2.53 |
2.64 |
2.76 |
2.95 |
3.03 |
3.07 |
Net Debt to NOPAT |
|
-7.20 |
-4.50 |
-4.96 |
-6.20 |
-8.07 |
-8.62 |
-10.61 |
-13.05 |
-9.60 |
-12.36 |
Long-Term Debt to NOPAT |
|
3.35 |
3.04 |
2.81 |
2.49 |
2.53 |
2.64 |
2.76 |
2.95 |
3.03 |
3.07 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-50 |
-47 |
18 |
20 |
14 |
10 |
5.18 |
-2.59 |
-8.34 |
-5.31 |
Operating Cash Flow to CapEx |
|
4,607.14% |
6,690.30% |
5,532.43% |
50,439.13% |
489.47% |
592.18% |
444.71% |
3,129.80% |
3,771.76% |
13,772.41% |
Free Cash Flow to Firm to Interest Expense |
|
-20.90 |
-15.54 |
3.78 |
2.94 |
1.69 |
1.20 |
0.55 |
-0.26 |
-0.79 |
-0.50 |
Operating Cash Flow to Interest Expense |
|
5.08 |
5.22 |
1.71 |
1.66 |
0.32 |
0.97 |
0.54 |
0.76 |
0.91 |
0.76 |
Operating Cash Flow Less CapEx to Interest Expense |
|
4.97 |
5.15 |
1.68 |
1.66 |
0.26 |
0.81 |
0.42 |
0.73 |
0.89 |
0.75 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
6.88 |
7.44 |
7.68 |
7.91 |
7.81 |
7.76 |
7.49 |
7.45 |
7.35 |
7.19 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
387 |
389 |
386 |
379 |
380 |
385 |
386 |
388 |
394 |
397 |
Invested Capital Turnover |
|
0.27 |
0.28 |
0.27 |
0.28 |
0.28 |
0.27 |
0.27 |
0.26 |
0.26 |
0.25 |
Increase / (Decrease) in Invested Capital |
|
57 |
55 |
-11 |
-13 |
-6.89 |
-4.03 |
0.70 |
8.19 |
14 |
11 |
Enterprise Value (EV) |
|
70 |
127 |
79 |
20 |
-9.44 |
28 |
-42 |
-91 |
35 |
4.82 |
Market Capitalization |
|
226 |
234 |
206 |
200 |
222 |
264 |
235 |
229 |
265 |
297 |
Book Value per Share |
|
$23.58 |
$24.42 |
$25.16 |
$24.94 |
$25.97 |
$27.09 |
$27.40 |
$28.03 |
$28.83 |
$29.17 |
Tangible Book Value per Share |
|
$20.23 |
$21.03 |
$21.66 |
$21.41 |
$22.33 |
$23.38 |
$23.70 |
$24.28 |
$25.08 |
$25.43 |
Total Capital |
|
387 |
389 |
386 |
379 |
380 |
385 |
386 |
388 |
394 |
397 |
Total Debt |
|
72 |
72 |
72 |
72 |
72 |
72 |
72 |
72 |
72 |
72 |
Total Long-Term Debt |
|
72 |
72 |
72 |
72 |
72 |
72 |
72 |
72 |
72 |
72 |
Net Debt |
|
-155 |
-107 |
-128 |
-180 |
-231 |
-236 |
-277 |
-320 |
-229 |
-292 |
Capital Expenditures (CapEx) |
|
0.27 |
0.24 |
0.15 |
0.02 |
0.53 |
1.42 |
1.14 |
0.25 |
0.26 |
0.06 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
72 |
72 |
72 |
72 |
72 |
72 |
72 |
72 |
72 |
72 |
Total Depreciation and Amortization (D&A) |
|
1.17 |
1.13 |
0.94 |
0.85 |
0.76 |
-0.11 |
0.83 |
0.85 |
0.79 |
0.86 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.00 |
$0.59 |
$0.00 |
$0.59 |
$0.56 |
$0.55 |
$0.51 |
$0.50 |
$0.54 |
$0.55 |
Adjusted Weighted Average Basic Shares Outstanding |
|
0.00 |
13.12M |
0.00 |
12.23M |
11.81M |
12.07M |
11.53M |
11.25M |
11.15M |
11.26M |
Adjusted Diluted Earnings per Share |
|
$0.00 |
$0.59 |
$0.00 |
$0.59 |
$0.56 |
$0.55 |
$0.51 |
$0.50 |
$0.54 |
$0.55 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
0.00 |
13.12M |
0.00 |
12.23M |
11.81M |
12.07M |
11.53M |
11.25M |
11.15M |
11.26M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
0.00 |
12.46M |
0.00 |
11.83M |
11.55M |
11.47M |
11.25M |
11.16M |
11.12M |
11.13M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
6.97 |
7.62 |
7.19 |
7.21 |
6.63 |
6.40 |
5.88 |
5.60 |
6.02 |
6.12 |
Normalized NOPAT Margin |
|
25.71% |
27.85% |
26.81% |
28.41% |
25.05% |
24.42% |
24.02% |
23.55% |
23.49% |
25.87% |
Pre Tax Income Margin |
|
36.22% |
38.18% |
37.34% |
39.70% |
35.03% |
33.60% |
33.29% |
31.94% |
32.37% |
34.18% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
4.07 |
3.44 |
2.09 |
1.44 |
1.16 |
1.02 |
0.87 |
0.75 |
0.79 |
0.77 |
NOPAT to Interest Expense |
|
2.89 |
2.51 |
1.50 |
1.03 |
0.83 |
0.74 |
0.63 |
0.55 |
0.57 |
0.58 |
EBIT Less CapEx to Interest Expense |
|
3.96 |
3.37 |
2.06 |
1.44 |
1.09 |
0.85 |
0.75 |
0.73 |
0.76 |
0.76 |
NOPAT Less CapEx to Interest Expense |
|
2.78 |
2.43 |
1.47 |
1.03 |
0.76 |
0.57 |
0.51 |
0.53 |
0.55 |
0.57 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
6.32% |
8.51% |
0.00% |
8.96% |
10.88% |
13.26% |
15.89% |
19.12% |
19.30% |
14.29% |
Augmented Payout Ratio |
|
69.62% |
84.19% |
96.36% |
110.37% |
101.94% |
101.19% |
92.66% |
80.70% |
68.07% |
53.45% |
Key Financial Trends
Bay Commercial Bank (NASDAQ: BCML) has shown steady financial performance across the most recent four-year period through Q4 2024. Key trends and financial highlights drawn from the company's quarterly income statements, cash flow statements, and balance sheets include the following:
- Consistent growth in net interest income, with Q4 2024 reporting $23.6 million compared to $22.5 million in Q1 2024, reflecting effective interest-earning asset management.
- Net income attributable to common shareholders increased from $5.6 million in Q2 2024 to $6.12 million in Q4 2024, showing improving profitability.
- Stable basic and diluted earnings per share (EPS) have gradually risen from approximately $0.50-$0.51 in early 2024 quarters to $0.55 in Q4 2024, supporting shareholder value.
- Operating cash flow grew from $5.08 million in Q1 2024 to $7.99 million in Q4 2024, demonstrating strong cash generation from core operations.
- The bank's total assets have maintained around $2.5 billion, with net loans and leases increasing over several quarters, indicating healthy loan growth and asset expansion.
- BayCom consistently pays dividends, with a steady $0.10 per share in 2024 quarters, indicating a stable payout policy attractive to income investors.
- Non-interest income while positive varies significantly quarter to quarter and is currently relatively low ($87,000 in Q4 2024), suggesting possible volatility or limited diversification beyond interest income.
- The bank’s provision for credit losses has fluctuated, including a negative provision (credit) of $403,000 in Q4 2024, which could reflect favorable loan loss experience but may mask credit risk volatility.
- Interest expense, particularly on deposits, increased somewhat in 2024, with Q4 interest expense at around $10.56 million, up from earlier 2023 quarters (~$8.66 million in Q4 2023), reflecting rising funding costs.
- The bank’s investment securities interest income has grown slowly but remains modest relative to loans interest income, limiting income diversification.
In summary, Bay Commercial Bank’s recent financial data highlights a solid and stable earning profile with improving profitability and steady loan growth. However, rising interest expense and somewhat fluctuating non-interest income and credit provisions signify potential areas where financial performance could be impacted. Investors should note the bank’s strong cash flow generation and reliable dividend payments as positive signals of operational strength and shareholder returns.
09/13/25 07:29 AM ETAI Generated. May Contain Errors.