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Bay Commercial Bank (BCML) Financials

Bay Commercial Bank logo
$30.77 +1.05 (+3.53%)
Closing price 04:00 PM Eastern
Extended Trading
$30.71 -0.06 (-0.19%)
As of 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Bay Commercial Bank

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.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 24 27 24
Consolidated Net Income / (Loss)		 24 27 24
Net Income / (Loss) Continuing Operations		 24 27 24
Total Pre-Tax Income 		32 38 32
Total Revenue		 103 105 98
Net Interest Income / (Expense)		 97 98 91
Total Interest Income		 107 126 132
Loans and Leases Interest Income		 96 107 105
Investment Securities Interest Income		 6.63 7.57 9.56
Deposits and Money Market Investments Interest Income		 - 12 17
Total Interest Expense		 10 28 41
Deposits Interest Expense		 6.27 24 36
Short-Term Borrowings Interest Expense		 0.50 0.84 0.86
Long-Term Debt Interest Expense		 3.58 3.58 3.57
Total Non-Interest Income		 6.10 6.98 6.38
Other Service Charges		 6.33 2.94 2.78
Net Realized & Unrealized Capital Gains on Investments		 -0.16 -0.63 0.75
Investment Banking Income		 -0.07 1.10 -0.50
Other Non-Interest Income		 - 3.57 3.35
Provision for Credit Losses		 4.44 2.02 1.27
Total Non-Interest Expense		 66 65 64
Salaries and Employee Benefits		 40 41 39
Net Occupancy & Equipment Expense		 15 15 16
Other Operating Expenses		 10 8.90 9.28
Income Tax Expense		 8.71 11 8.51
Basic Earnings per Share		 $1.81 $2.27 $2.10
Weighted Average Basic Shares Outstanding		 13.12M 12.07M 11.26M
Diluted Earnings per Share		 $1.81 $2.27 $2.10
Weighted Average Diluted Shares Outstanding		 13.12M 12.07M 11.26M
Weighted Average Basic & Diluted Shares Outstanding		 12.46M 11.47M 11.13M
Cash Dividends to Common per Share		 $0.20 $0.40 $0.45

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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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
Period end date 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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
Period end date 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
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
Period end date 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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%

Financials Breakdown Chart

Key Financial Trends

Bay Commercial Bank (NASDAQ: BCML) has demonstrated solid financial performance over the last several quarters, with consistent growth in net interest income, stable asset quality, and positive cash flow trends. Here are the key highlights and trends from the last four years of quarterly financial results:

  • Steady growth in net interest income: The bank's net interest income has increased from about $25.3 million in Q1 2023 to $23.5 million in Q4 2024, showing resilience amid varying interest rate environments. Interest income from loans and leases consistently represents the largest component, surpassing $27 million by Q4 2024.
  • Consistent profitability with rising net income: Net income attributable to common shareholders has generally trended upward, with Q4 2024 reporting $6.12 million compared to $5.88 million in Q1 2024 and $6.4 million in Q4 2023, reflecting improved operational efficiency and revenue generation.
  • Improving earnings per share (EPS): Basic and diluted EPS have grown from $0.51 in Q1 2024 to $0.55 in Q4 2024, benefiting from stable net income and share repurchases that reduced outstanding shares, enhancing shareholder value.
  • Strong operating cash flows: The company generated solid net cash from operating activities, reaching $7.99 million in Q4 2024 and showing consistent positive cash flows from operations in recent quarters.
  • Loan portfolio growth: Net loans and leases increased to approximately $1.89 billion by Q3 2024, up from around $1.84 billion in Q2 2024, supporting sustained interest income growth.
  • Volatile non-interest income: Non-interest income has fluctuated, with gains recognized in some quarters (e.g., $2.7 million in Q3 2024) but notable unrealized capital losses in Q4 2024 (-$1.2 million), indicating exposure to investment securities' market volatility.
  • Dividend policy maintains regular payments: Bay Commercial consistently paid cash dividends of $0.10 per share each quarter in 2024, signaling stable shareholder returns.
  • Credit loss provisions show variability: Provision for credit losses fluctuated, with modest releases in some quarters (e.g., -$403k in Q4 2024) but increased provisions in Q3 2024 ($1.2 million), reflecting some loan portfolio credit risk considerations.
  • Rising interest expense pressure: Total interest expense increased from around $9.3 million in Q1 2024 to $10.6 million in Q4 2024, largely driven by higher deposit interest expense (approximately $9.5 million in Q4 2024), which may pressure net interest margins if not matched by loan yield improvements.
  • Modest share repurchases and equity changes: The bank has periodically repurchased common stock (e.g., $34k in Q4 2024, larger amounts in prior quarters) supporting EPS but also reflecting capital deployment decisions.

Summary: Bay Commercial Bank has exhibited stable earnings growth, supported by strong loan interest income and disciplined expense management. The bank's prudent credit management is evident despite some fluctuations in loan loss provisions. Balance sheet growth, particularly in loans and deposits, aligns with the bank's revenue trends. While non-interest income volatility and rising interest costs pose challenges, the overall financial profile is solid with positive cash flow generation and shareholder-friendly dividend payments.

Retail investors should monitor interest expense trends and credit provisions in upcoming quarters, as these will influence profitability amid potential economic uncertainties. Nonetheless, Bay Commercial’s consistent profitability and improving EPS provide an attractive outlook for sustained performance.

09/18/25 06:48 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Bay Commercial Bank's Financials

When does Bay Commercial Bank's fiscal year end?

According to the most recent income statement we have on file, Bay Commercial Bank's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Bay Commercial Bank's net income changed over the last 2 years?

Bay Commercial Bank's net income were at $23.61 million at the end of 2024, a 13.9% decrease from 2023, and a 0.5% decrease since 2022. See Bay Commercial Bank's forecast for analyst expectations on what’s next for the company.

How has Bay Commercial Bank's revenue changed over the last 2 years?

Over the last 2 years, Bay Commercial Bank's total revenue changed from $102.81 million in 2022 to $97.52 million in 2024, a change of -5.2%.

How much debt does Bay Commercial Bank have?

Bay Commercial Bank's total liabilities were at $2.34 billion at the end of 2024, a 4.5% increase from 2023, and a 6.6% increase since 2022.

How much cash does Bay Commercial Bank have?

In the past 2 years, Bay Commercial Bank's cash and equivalents has ranged from $17.90 million in 2023 to $26.98 million in 2022, and is currently $23.14 million as of their latest financial filing in 2024.

How has Bay Commercial Bank's book value per share changed over the last 2 years?

Over the last 2 years, Bay Commercial Bank's book value per share changed from 24.42 in 2022 to 29.17 in 2024, a change of 19.4%.


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This page (NASDAQ:BCML) was last updated on 9/18/2025 by MarketBeat.com Staff
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